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15th September Part-1: Daily News Analysis
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Rishab Arora
Graduate in Economics. Gold medal in Dissertation, Prepared various documents on Demonetisation and GST, Share-trading and many more

U
Unacademy user
Sir how does ECBs effect value of India's currency?
Rishab Arora
a year ago
Will explain in todays 1 Rupee plus class
Dishika
a year ago
okay sir.thank u
Pj
A small initiative to spread knowledge with the aid of technology @rishabar
sir yojana ..sep. plzzzz..😍😍😘😘
Q2 B) Statistical Data
1st ans d ; 2nd ans b
  1. Q1-Consider the following statements about Fixed Dose Combinations 1.FDC may result in anti-microbial resistance 2.Under the powers given in the Drugs and Cosmetics Act 1940, the Central Drugs Standard Control Organization(CDSco) recently banned the manufacture and sales of many FDCs Which of the statement(s) is/ are true? A)1 only B)2 only C)Both D)None


  2. Q2- The overall objective of the Capacity Development Scheme is a. To augment existing scientific, human capabilities to bring in entrepreneurship b. To augment infrastructural, technical as well as manpower resources for making available credible and timely Official Statistics for policy makers and public at large. C. To improve the lives of minorities through digital literacy d. To enhance the research ecosystem in Scientific and Technical institutions through Central Government Funding


  3. Government moves to stabilise rupee (GS-3) (Page-l) The government announced a set of five measures late on Friday aimed at supporting the rupee, which has been under pressure in the last few weeks, and ensuring that the current account deficit stays in control. The government will also take necessary steps to cut down non-essential imports and increase exports, Finance Minister Arun Jaitley said at a press conference convened at short notice. "Necessary decisions will be taken and announced as and when they're taken," Mr. Jaitley said in what is seen as a clear signal to markets that the government will intervene to manage the current volatility in the forex market. To attract more foreign portfolio investors (FPI) into the corporate debt market, the government has said it will review a couple of restrictions on their investments. So, the condition that FPIs, investment in a single corporate entity cannot exceed 20% of its corporate bond portfolio will be reviewed. The condition that FPls cannot invest more than 50% of an issue of corporate bonds will also be reviewed, Mr. Jaitley said.


  4. In a bid to push Indian corporates to take the masala bond route, the government has exempted all such bond issues until March 31, 2019, from withholding tax. It has also said it will remove restrictions on Indian banks on market-making for such bonds and on underwriting them. Masala bonds are rupee-denominated instruments issued abroad by Indian borrowers. * The advantage of these bonds is that any depreciation in the rupee will not affect the borrower The government has also said it will review the mandatory hedging condition for infrastructure loans borrowed under the external commercial borrowing (ECB) route. Presently there is no compulsion on borrowers to hedge these loans. The fifth measure is that manufacturing companies borrowing up to $50 million through to $50 ECBs will be able to do so only for a one-year term as against the three-year term allowed earlier. The decisions were taken at a meeting where the RBl Governor Urjit Patel made a presentation to Prime Minister Narendra Modi. The eds tn d o se only for a one


  5. Welfare panels can't evaluate dowry complaints, says SC (GS-1/2) (Page-1) The Supreme Court on Friday modified its July 2017 order which roped in retirees, wives of "working officers" and social workers to sift genuine complaints of dowry harassment from the frivolous ones. On July 27 last year, the court had ordered family welfare committees, to be set up in the districts. These committees, composed of choice citizens, were supposed to act as a vanguard against "disgruntled wives" using the anti-dowry harassment provision of Section 498-A of the Indian Penal Code (IPC) as a "weapon" against their husbands and in- laws, young and old, rather than a "shield." Even the police could register an FIR only after the committee cleared the complaint as valid and not frivolous. Getting rid of these committees, a three-judge Bench led by Chief Justice of India Dipak Misra held that such panels had no place under the established criminal procedural law. They are beyond the Code of Criminal Procedure.


  6. 'Wiping out AIDS by 2030 will not be easy' (GS-2) (Page-5) A look into the HIV-related data in 2015 and 2017 shows that the number of people living with the syndrome has increased marginally 2017 (appr oodmate figures) 21.40 lakh people lving with HIV 87,000 new cases of HIV -69,000 AIDS-related deaths 2015 (approximate figures) 21.17 lakh people living with HIV 86,000 new cases of HIV 67,000 AIDS-related deaths it


  7. India's long battle against AIDS is not likely to end any time soon, if the latest figures released by the National AIDS Control Organisation (NACO) on Friday is any indication. The data revealed that, as of 2017, there were still around 21.40 lakh people living with HIV in India, with the prevalence among adults stood at 0.22 per cent. There were around 87,000 new HIV infections and over 69,000 AIDS-related deaths (ARDS) in 2017. Around 22,675 mothers needed Antiretroviral Therapy (ART) for prevention of mother-to-child transmission of HIV. "HIV Estimations 2017 corroborates the previous rounds in terms of the characteristic of the HIV epidemic in India - national prevalence and incidence remains low, but the epidemic is high in some geographical regions and population groups. The report has noted that the rate of decline in annual new HIV infections has been relatively slower in recent years," noted a release from the Health Ministry. India's 2017 figures also do not show a significant positive shift from 2015, the previous year for which when such a survey had been carried out. In 2015, India had reported 86,000 new HIV infections. Of these, children (<15 years) accounted for 12 per cent (10,400) while the remaining (75,000) were adults (15+ years). In 2015, the total number of people living with HIV in India was estimated at 21.17 lakh, while the same figure was


  8. * The 2017 estimation report also indicates that there is no place for complacency as the country aims to achieve the ambitious goal of ending AIDS in India by 2030. It adds, however, that the impact of the HIV/AIDS control programme has been significant, with more than an 80 per cent decline in estimated new infections from the epidemic's peak in 1995 * "Similarly, estimated AIDS-related deaths declined by 71 per cent since its peak in 2005. As per UNAIDS 2018 report, the global average for decline in new infections and AIDS- related deaths from peak (sic) has been 47 per cent and 51 per cent respectively," noted NACO. The objective of HIV estimations is to provide updated information on the status of the HIV epidemic in India at the national and State/Union Territory level. "Estimations of adult HIV prevalence, annual new infections (HIV incidence), AIDS-related mortality, and prevention of mother-to-child transmission (PMTCT) needs are produced as outcomes of HIV estimations. The modelled estimates are needed because there is no direct reliable way of measuring these core indicators, which are used to track the epidemic monitor and evaluate response around the world," noted the release


  9. SC questions 'leprosy-free' tag for India (GS-1/2) (Page-5) India "underestimated" leprosy and diverted funds meant to eliminate the curable disease for 18 long years, the Supreme Court said on Friday. In its 22-page judgment, a Bench led by Chief Justice of India Dipak Misra pointed out that though the country was declared leprosy-free on December 31, 2005, the reality is "entirely different' The Supreme Court referred to progress reports of the National Leprosy Eradication Programme (NLEP) to show that only 543 districts of the total 642 districts in the country had achieved the World Health Organisation-required prevalence rate of less than one case of leprosy for 10,000 persons. Suffering continues * "The underestimation of cases of leprosy and the declaration of elimination of leprosy has resulted in the integration of leprosy in general health services thereby leading to diversion of funds which would have otherwise been dedicated to eliminating leprosy," Chief Justice Misra, who authored the verdict, wrote.


  10. Meanwhile, patients and their families continue to suffer from leprosy and its stigma. They are even denied their fundamental right to food. They are not issued BPL (Below Poverty Line) cards to claim the benefit of various welfare schemes such as the Antyodaya Anna Yojana (AAY). They are deprived of housing, basic civic amenities, adequate sanitary facilities and rehabilitation programmes. "At present, majority of the populace afflicted with leprosy live as a marginalised section in society, deprived of even basic human rights. This manifestly results in violation of the fundamental right to equality and right to live with dignity," Chief Justice Misra observed for the Bench also comprising Justices A.M. Khanwilkar and D.Y. Chandrachud.


  11. However, sources said, it was decided not to include these concerns in the final report. At least two members of the committee confirmed that the Opposition members on the committee had said that while the Army's reaction to the crisis was laudable, Indian diplomacy failed to measure up to the task, especially Prime Minister Narendra Modi's "no-agenda" meeting in Wuhan where he failed to even raise the Doklam incident. The final report, however, pats the government for resolving the Doklam crisis. "The Committee would commend the government's overall handling of the crisis as it managed to send necessary signals to China that India will not acquiesce in its unilateral and forceful attempts to change the status quo at any of India's territorial boundaries," the report said. The panel also appreciated the "brave and timely" action of security forces for checking the PLA troops from continuing with their road construction. Note of caution It though adds a caveat by expressing concern that Chinese infrastructure built uncomfortably close to the tri-junction has not yet been dismantled. "The Committee is concerned about the multiple reports which allude to Chinese presence around Doklam plateau and the statements from Chinese authorities about chances of similar happenings in future also, even after the stand-off ended," the panel noted.


  12. CHINA Dokalam Plateau Image credit Rajya Sabha Doka La Thimpu Gangtok. LaBHUTAN Nathu La Kalimpong Darjeeling Siliguri


  13. Justice Gogoi to be next CJI (GS-2) (Page-9) The President has appointed Justice Ranjan Gogoi as the 46th Chief Justice of India. Justice Gogoi will assume office on October 3. He is the first Chief Justice of India from Assam. The warrant of appointment comes less than 10 days after incumbent Chief Justice Dipak Misra recommended Justice Gogoi as his successor. The Press Information Bureau released a statement about the appointment. 13-month tenure As Chief Justice of India, Justice Gogoi will have a tenure of about 13 months till his retirement on November 17, 2019. Chief Justice Misra followed convention by recommending the next senior-most Supreme Court judge as his successor. Justice Gogoi, born on November 18, 1954, joined the Bar in 1978 and practised mainly in the Gauhati High Court. He was appointed a permanent judge of the High Court in February 2001, He was transferred to the Punjab and Haryana High Court in 2010 and appointed its Chief Justice in 2011. He was elevated to the Supreme Court on April 23, 2012.


  14. * Justice Gogoi is the son of Keshab Chandra Gogoi, a former Assam Chief Minister during the Congress regime in 1982. * Justice Gogoi was one of the four senior-most Supreme Court judges who held a press conference on January 12, 2018 bringing up the issue of selective assignment of sensitive cases by recent CJls to certain judges in the Supreme Court. Chief Justice Misra subsequently published a subject-wise roster of cases assigned to judges in the Supreme Court. * In a recent lecture, Justice Gogoi said the country needs independent journalists andd "noisy judges" Justice Gogoi is heading the Bench monitoring the sensitive Assam NRC case. The Benches led by Justice Gogoi have dealt largely with the issue of corruption in politics and public life.


  15. Rising Hindu nationalism is eroding India's secular culture: U.S. report (GS-1/2) (Page-10) * Hindu nationalism has been a rising political force in India in recent decades, "eroding" its secular nature, a U.S. Congressional report has claimed, as it warned that social media platforms provide "both tacit and overt sanction" for rising incidents of "majoritarian violence" in the country. In its report, the Congressional Research Service (CRS)-an independent and bipartisan research wing of U.S. Congress- mentioned specific areas of alleged religiously- motivated repression and violence. including cow protection vigilantism and perceived assaults on freedom of expression The report, titled 'India: Religious Freedom issues, said: "Religious freedom is explicitly protected under its Constitution. Hindus account for a vast majority (nearly four-fifths) of the country's populace. Hindu nationalism has been a rising political force in recent decades, by many accounts eroding India's secular nature and leading to new assaults on the country's religious freedom."


  16. Florence makes landfall in N. Carolina (GS-3) (Page-10) Hurricane Florence, weakened but still dangerous, crashed into the Carolinas on Friday as a giant, slow-moving storm that stranded residents with floodwaters and swamped part of the town of New Bern at the beginning of what could be a days-long deluge. The centre of the hurricane's eye came ashore at about 7.15 a.m. EDT (1115 GMT) near Wrightsville Beach close to Wilmington, North Carolina, with sustained winds of 90 miles per hour (150 kmph) the National Hurricane Center (NHC) said. 150 awaiting rescue North Carolina Governor Roy Cooper said Florence was set to cover almost all of the State in several feet of water. On the mainland in New Bern, authorities said more than 100 people had to be saved from floods and that the downtown area was underwater. The town's public information officer, Colleen Roberts, told CNN that 150 more people were awaiting rescue and that citizens were going out in their boats to help. * There were no immediate reports of storm-related deaths or serious injuries but more than 60 people, including many children and pets, had to be evacuated from a hotel in Jacksonville, North Carolina