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DAILY NEWS ANALYSIS from THE HINDU 15th July 2017. By JATIN VERMA Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page Il: Malabar drills aim at giving regional security,says Japan. [GS Mains Paper-2: International Relations] . The trilateral Naval exercise, Malabar 2017, involving India, the U.S. and Japan, is strategically very important and meant to maintain the rule of law and maritime security in the region: Japanese Ambassador to India. region: Japanese Ambassador to India. and stability in the Indo-Pacific region" adding that there could be more exchanges involving ground and air forces and an exchange of personnel in various areas . The Ambassador said his country's relations with India had a solid base, "for safeguarding peace Cooperation in Africa: Asia-Africa Growth Corridor project Asked whether the Asia- Africa Growth Corridor project envisaging an India-Japan collaboration in Africa was to counter China's Belt and Road project, the Ambassador said it was not aimed at any specific initiative. . Asia-Africa Growth Corridor was for a free and open Indo-Pacific region and to make this region more inter-connected and prosperous. For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
We are not particularly counter-balancing to some initiative.We are convinced this initiative is important for prosperity and security of this region," he said . Concrete plans: It takes two to Tango- Indian Goodwill, Japanese technology! . On whether India and Japan would take up specific pilot projects in Africa, the Ambassador said there was a "good win-win situation" "Japan thinks that India has vast experience, network in eastern part of Africa. Japan have good technology and financing to support African development. Japan has been working with Indian officials and businessmen for "a concrete development plan" in Africa. Nuclear Agreement . On the next steps in the nuclear agreement, signed between the two countries last year, giver the Diet's approval of the pact recently,the Ambassador expressed the hope that there would be discussion "in due course of time." For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page Il:Asia Pacific Group meet on money laundering in Colombo. IGS Mains Paper 3: Money Laundering-Terror Nexus; Paper-2: International] . The APG meeting is scheduled to be held from July 17 to 21 Representatives of 41 countries, including India . Among the participating member countries are Afghanistan, Bangladesh, Bhutan, Myanmar, Nepal, Singapore, Maldives, United States, Australia, Canada, China and Pakistan. It would also be attended by representatives of the Philippines [Marawi effect] Agenda: [I] Policy frameworks on checking terror financing will be one of the issues to be taken  Financial Action Task Force's (FATF) initiatives on curbing money laundering and terror funding in different parts of the world. For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Important Issues: Se eral countries have expressed concerns over the developing situation in Philippines and extended support to the Philippine government. The Indian agencies have taken strong measures and registered several terror financing cases in the recent past. The issue had been taken up in June at the FATF Plenary in Spain, where a report on Pakistan's role was discussed. Following allegations of its failure in controlling the funding of terror outfits, the International Cooperation Review Group of FATF had requested the APG to furnish a follow-up report on Pakistan.
FATF The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions . The objectives of the FATF are to set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system. The FATF is therefore a "policy-making body" which works to generate the necessary political will to bring about national legislative and regulatory reforms in these areas. The FATF monitors the progress of its members in implementing necessary measures, reviews money laundering and terrorist financing techniques and counter-measures, and promotes the adoption and implementation of appropriate measures globally . In collaboration with other international stakeholders, the FATF works to identify national-level vulnerabilities with the aim of protecting the international financial system from misuse. The FATF's decision making body, the FATF Plenary, meets three times per year.
Page I l: HC upholds Minister's disqualification by ECI in Paid News Case . In a blow to disqualified Madhya Pradesh Minister, his last ditch effort to vote in the Presidential election . A specially constituted single judge bench of Justice Indermeet Kaur dismissed Mr Mishra's plea [GS-2: Polity & Governance: Rep. of Peoples' Act] on July 17 was scuttled by the Delhi High Court, which upheld his disqualification. challenging his disqualification by the Election Commission and that he should be allowed to vote in the Presidential poll The court said as per the provisions of the Representation of the People Act, the disqualification of a candidate has to be from the date of the order what effect it may or may not have on a subsequent election is not what has to be taken into account. BJP leader's claim: The court also disagreed with the BP leader's claim that merely because he was aware of the paid news articles and did not disallow or deny the same, the poll panel could not have held that there was "implied authorisation" by him . "The Election Commission holding that there was an implied authorisation by the petitioner to publish these news items was thus a fair finding," the judge said in her 36 page verdict. . The observation was made in regard to the argument on behalf of Mr Mishra that the June 23 order of the Election Commission (EC) disqualifying him pertained to an earlier election of 2008 and his subsequent tenure from 2013 would be unaffected.
ge: EU, India set up furn Business Page: EU, India set up fund for investments. The European Union (EU) and India announced the establishment of an Investment Facilitation Mechanism (IFM) for EU investments in India. The mechanism will allow for a close coordination between the European Union and the Government of India with an aim to promote and facilitate EU investment in India. The IFM has been established with the key objectives of paving the way for identifying and solving problems faced by EU companies and investors with regard to their operations in India. Brussels statement . The IFM builds on the Joint Statement of the 13th EU-India Summit held in Brussels in March 2016. Invest India, the Indian government's official Investment Promotion and Facilitation Agency, will also be part of the IFM For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Business Page: GST to hurt Exporters indirectly due to Refund delays. The government is looking into various options to neutralise the impact of the GST regime on the export sector, he added FIEO had already asked the government to provide interest on delay in payment of refund of taxes/duties after 10 days of exporters filing claim under the GST regime.As per the refund rules, the interest on delayed payment would be due only after 60 days. Exporters are worried about liquidity issues as the refund mechanism would require payment of GST first and get refund subsequently. The additional cost of credit to manage the liquidity should be borne by the government, if the present exemption is not brought forward in the GST. Export sector would be losing export competitiveness by about 2% and the same needs to be offset. Nodal officers Earlier, the government had appointed nodal officers at the Directorate General of Foreign Trade and the Central Board of Excise and Customs to look into the concerns of exporters with regard to the GST regime.
Hindu Editorials to be discussed Today[l 5 July] Lead Article: How Brexit has begun to unravel Edit-l: Edit-2: Ground Zero: Maximum support, maximum price Unsurprising verdict Adrift at sea Hindu Editorials discussed for 14th July -Lead Article: The Islamic State after Mosul -Edit-l: -Comment: It's not help, it's work Social Issues -OPED Page- Debate: Is CBl the handmaiden of the government.k% Inflation conundrum For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin