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15th April 2018 Part-4:Daily News Analysis
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E-way bills

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
Unacademy user
Sir u are very handsome😊
Sir please also include the names of editorial to be read everyday in the index.
right.
AK
Arun Kumar
2 years ago
Right
Hello sir. I am preparing for CSE 2019. is it important for me make notes of the Hindu Newspaper of every topic that U r teaching as i am not reading news paper. only wathing ur videos daily.
yes it will help as a background for u ....
SIR CAN U ADVICE ON HOW MUCH QUESTIONS TO ATTEMPT IN PRELIMS???????? WHICH QUESTIONS TO ATTEMPT FIRST SHOULD IT BE MARKED IN OMR AT THAT POINT OF TIME ONLY???????
Can someone explain me the relation between Yuan and Renminbi?
Pranjal Baranwal
2 years ago
Renminbi is the official currency of China. Yuan is the unit of Renminbi Currency.
Abhishek Kumar
2 years ago
Thanks
Thank you so much sir and please add science and tech. Once again thank you so much for your hard work sir for us.
  1. anted to show the boss whatcE s bnat th y hav pho reve he g slay The Hindu Section-2 or us hink h cause h erent a pu


  2. want to te starting Page-l: CVCs advice on graft has few takers. GSM Paper-2: Accountability & Control/ A recent Central Vigilance Commission (CVC) annual report says.Ministries, public sector units and government-controlled banks over-rulled actions recommended against their senior officials accused of corruption, ignoring vigilance norms, at th The report of the CVC for 2017 tabled in Parliament says that government institutions routinely pignore or dilute its recommendations. he The CVC observed that "during the year 2017, there were some significant deviations from the re 95 Commission's advice.' .In some cases relating to officers coming under its jurisdiction, either the prescribed consultation mechanism with the CVC was not adhered to, or the authorities did not accept the Commission's advice The departments and organisations that disregarded CVC advice included the Railways and boards administering Direct Taxes, Excise and Customs. The report says there were "instances where the advice tendered... has been substantially diluted without approaching the Commission for reconsideration of its advice." The trend of ignoring vigilance processes coincides with a drop in the number of public complaints filed with the CVC. In 2017, the total number of complaints received by the Commission was just 23,609, which was less than half of what was received the previous year and lowest in five years k h ent . . . ksa


  3. anted to show the boss whatcE s bnat th The protected ones: Almost all major departments and banks overruled the CVC Many public sector banks turned down recommendations for action against their senior officers for alleged corruption and malpractices. Among them is Punjab National Bank, which is at the centre of the Nirav Modi scam. PNB reduced major penalty action recommended against a senior official, which could have included y hav reve dismissal from service, to minor penalty he g When the CVC recommended that State Bank of Hyderabad enforce major penalty and prosecution, it declined sanction for prosecution. And instead of major penalty it issued an administrative warning to an official. The Central Board of Direct Taxes, Central Board of Excise and Customs, Ministries of Finance, Civil Aviation, Steel and Coal are among those who rejected CVC recommendations. . slay or us erent a pu rk and


  4. want to be starting ganses, beiag anted to show the boss whatcE s bnat th Page-1: PM opens health centre under Avushman Bharat Prime Minister Narendra Modi inaugurated the first health centre under the Ayushman Bharat scheme in Chhatisgarh. He also visited Jangala Development Hub, which is situated in a panchayat that has y hav emerged as a model. He interacted with local 'Champions of Change' in this Left Wing Extremism-affected district, especially post the launch of the Aspirational District programme on January 5. pho reve slay - Internet scheme: He inaugurated the first phase of the Bastar Internet scheme under which a 40,000-km network of fibre-optics cables would be spread across severn districts of the tribal region. The districts are Bijapur, Narayanpur, Bastar, Kanker, Kondagaon, Sukma and Dantewada. or us hink h cause l erent . Mr. Modi, the first Prime Ministerto visit Bijapur, also inaugurated a new rail line and a passenger train between Gudum and Bhanupratapur, bringing north Bastar region orn the rail network. rk and t sta This is the Prime Minister's fourth visit to Chhattisgarh, where the Assembly elections are due later this year. He had visited Dantewada in May 2015, Naya Raipur and Rajnandgaon in February 2016 and Naya Raipur in November 2016.


  5. want to be starting ganses, beiag anted to show the boss whatcE s bnat th Mr. Modi also inaugurated bank branches in seven villages and visited a rural BPO centre developed under the India BPO promotion scheme. The BPO centre is provided Internet link by the Bastar Internet scheme. Ayushmaan Bharat y hav phe.Under Ayushman Bharat, the government will open 1.5 lakh health and wellness he centres by 2022, which will be equipped to treat a host of diseases, including blood reve slay pressure, diabetes, cancer and old-age illness. Also under the scheme, the government has prepared the contours of the National Health Protection Scheme and the work is on to finalise parameters for identifying beneficiaries and hospital entitlement. or us hink h cause h erent a pu rk and


  6. Page-3 World News: U.S. plays safe as trade war brews .The Trump administration, which has been on the verge of a trade war with China, opted not to at th label the country a currency manipulator, breaking a key campaign promise by President Donald Trump to punish a government he has called the "greatest currency manipulator ever" The U.S. Treasury Department, in its biannual currency exchange report, scolded China for its lack e of progress in reducing the bilateral trade deficit with the United States, but did not find that it was heimproperly devaluing its currency, known as the renminbi "Lack of progress' Treasury is strongly concerned by the lack of progress by China in correcting the bilateral trade . e an imbalance and urges China to create a more level and reciprocal playing field for American workers and firms. China has long maintained a strong grip on the value of its currency and, for years, weakened it compared with the dollar to make Chinese products cheaper to sell in the U.S. and other countries. u More recently, China has made a big show of gradually loosening its grip, an effort meant to mollify critics like Mr. Trump. China had a S375 billion trade surplus in goods last year, the largest of any of the U.S.' trading partners. That gap has become a frequent target of Mr. Trump's, who has cited the trade deficit with China as a main reason for his administration's aggressive approach, including the tariffs and investment restrictions he has threatened ent ksa


  7. want to be starting ganses, beiag anted to show the boss whatcE s bnat th . But he may have been persuaded not to label China a currency manipulator by business 0 executives, who have warned the President that such a move could be disastrous for U.S. companies This year China, Germany, Japan, South Korea, Switzerland and India were placed on Treasury's monitoring list for potential currency manipulation. pho reve slay or us hink h cause h a pu rk and t sta ch esthat


  8. want te be starti Business Page: Eway bill rules: CBIC lays out process for goods detention Field officers have been asked to follow standard procedure for intercepting conveyances for goods inspection and their confiscation under the e-way bill rules. The Central Board of Indirect Taxes and Customs (CBIC) has laid out a detailed procedure with respect to time-bound uploading of reports and forms by revenue authorities, time-bound closure of t th . cases where goods have been detained and instructions to release goods where there are no prima- re he facie irregularities, This would ensure uniformity" in the procedure of interception or conveyance for inspection of goods, detention, seizure, and release and confiscation of such goods and conveyances. . The roll-out of the e-way bill for intra-State movement of goods in U.P., Gujarat, A.P., Telangana . The jurisdictional commissioner shall designate an officer to conduct interception and inspection of * Bill validity rules: k h and Kerala is slated from April 15 ent conveyances and goods in the jurisdictional area. On being intercepted, the person in charge of the conveyance shall produce the documents related to the goods and conveyance. E-way bill in the form of a print out, SMS or written on invoice would be considered valid. If a discrepancy is found or where the officer intends to undertake inspection, a statement of the person in charge of the conveyance shall be recorded. ksa


  9. Business: Sugar mills seek production subsidy scheme from Centre The Centre had raised FRP by more than 10% over last year viz to 25 a quintal of cane. Compared with last year, the domestic ex-mill sugar prices are lower by 20% . The Centre helped the mills in 2015-2016 sugar season by paying 4.5 for a quintal of cane directly at th to farmers as part of the FRP. This reduced the liability of the mills towards farmers. The Centre should announce a similar scheme with a production subsidy of 10 to 12 a quintal in the current season which would cover a substantial part of the increase in FRP. The amount can be paid directly into the farmers' bank accounts p . re * Sugar mills have now appealed to the Centre to credit production subsidy directly into the bank- k h accounts of sugarcane farmers as lower ex-mill sugar prices, unviable exports and higher FRP (fair and remunerative price which was raised by 25 a quintal) to ease liquidity crunclh The Indian Sugar Mills' Association (ISMA) made the representation to the Centre in this regard ur recently to overcome liquidity pressure among the mills ent The Centre announced MIEQ (minimum indicative export quota) of 20 lakh tonnes so that some surplus stock can be moved out Exports are, however, not viable as globally there is excess production and the market is depressed Prices are also low in domestic and international markets, the sources said ksa that


  10. anted to show the boss whatcE In the domestic market, the ex-mill price in Uttar Pradesh is 28.50 a kg of sugar whereas the cost of production is *35 a kg s bnat th .The ex-mill price in Maharashtra is 27 a kg against production cost of K32 a kg. By the end of March, the all India sugar production for the current season (October 2017 to y hav September 2018) stood at 281.82 lakh tonnes. This is 92.95 lakh tonnes higher than the reve he preceeding season. layer or us hink h cause h erent a pu rk and