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18th April Part-2: Daily News Analysis
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Panic button on Mobiles

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.

Unacademy user
cash crunch main reason is marriage season currently many vendors is not accept cheque or payment through dbt card so people is rushing to bank and ATM for cash and currently a news is published in paper around 1.5 lakh marriage is held on 18 april
sir.,pls tell me....... how I prepare the punjab pcs 2018. ?
Sir Jatin I only learnt One thing in life i.e, not to make promises you can't keep.
sir wher is first part of 18th april
Doli saini
2 years ago
already available
sir, pls upload the 19th April dna...eagerly waiting for the same
  1. want to te tartirsp Mames, heissp 2 but thh Important News Articles (Taking Delhi/Noida edition as the base) Page 1: Law Commission favours simultaneous elections Page 1: Govt. attempts damage control as ATMs run dry y has ohl Page 10 News: Banks stingy with cash, says ATM industry he Page 10 News: No deficit of currency, more being printed: RBI reve Page 6 Nation News: NGT asks Ministry to finalise national policy on forest fires Page 7 Nation News: Aadhaar leak may sway polls, fears SC Page 7 Nation News: Panic button on phones set for another round of trial in May Page 7 Nation News: Sexual intercourse in long-term relationship not rape, says SC Page 10 News: Nod awaited to induct jurist into Lokpal panel Page 11 News: India, Sweden agree upon 'win-win' joint action plarn Page 11 News: U.S. keen on signing nuclear reactor deal Page 12 World News: China to scrap ownership limits on foreign carmakers Page 13 Business News: India expected to grow at 7.4% in 2018, hink h causeb ferent a pur OLIse rk and t stay Page 13 Business News: Corporate debt, a drag on investment, leksa is ch Page 13 Business News: Bharat-22 ETF may eye Rs. 10,000 cr. ed

  2. want to be startin anses hoiag 2 but thh Important News Articles Taking Delhi/Noida edition as the bas<e Page 13 Business News: Rupee tanks to lowest since Sept. y has Page 13 Business News: AstraZeneca to invest $90 mn in India ph reve Page 14 Business News: Centre targets to build 45 km of roads a day in FY19: t * Gadkari he g hink h causeb ferent a pu rk and t stay leksa ch ed

  3. want teo he starting Page 1: Govt. attempts damage control as ATMs run dr at thh . Amidst reports of a cash crunch from different parts of the country, Union Finance Minister Arun Jaitley said the government was "tackling the issue quickly" to overcome a "temporary shortage" caused bv a sudden spurt in demand. In a statement, the Finance Ministry said there has been an unusual spurt in currency demand in e the past three months and is seen more in some parts of the country like Andhra Pradesh, he Telangana, Karnataka, Madhya Pradesh and Bihar. Appealing to citizens not to panic, the Finance Ministry said, "We continue to have in stock adequate currency notes of all denominations, including of Rs. 500, Rs. 200 and Rs. 100 to meet any demand. e ar k h ent Reacting to the crisis. West Bengal CM asked if there was a "Financial Emergency" in the country. . CPI (M) general secretary said, people no longer trusted the government's claim of adequate cash. Former Finance Minister P. Chidambaram said, Govt. & RBI cannot arbitrarily control the supply But despite the assurances, reports of shortage of cash poured from all parts of the country. stay From Delhi to Coimbatore, Bhopal to Patna, Varanasi to Hyderabad, people complained of ATMs running dry In the northeastern States too, a series of festivals and public holidays created a situation of high demand for cash and consequently ATMs ran dry in Assam and Manipur. tis

  4. want teo he starting Page 10 News: Banks stingy with cash, says ATM industr tth Members of ATM industry have blamed banks for not supplying adequate cash which has resulted ^ in an acute shortage of cash in several parts of the country in April Confederation of ATM Industry (CATM), the industry body indicated that: . Things were fine ti March, in terms of ATM transactions, but in the past few days, there are e serious problems with cash. This is across the country, except for Tamil Nadu and Kerala he . Earlier banks were meeting 90% of the demand from ATMs, but the figure has now come down. drastically, particularly public sector banks, who are now meeting only 30% of the demand Of the two lakh ATMs in the country, about 75% belong to public sector banks, which run 3,845 Generally cash for two to two-and-a-half days was loaded into the ATMs, but that is not happening * The question to the public sector banks is that since the main channel of cash dispensation is the The cash shortage comes even as currency in circulation is more than 100% of the pre- Private sector banks are still meeting 60% of the demand. out of 4,034 currency chests in the country. now. Hence, ATMs are running dry quickly. ATM, then why are the banks not providing it. demonetisation levels of the first week of November 2016. nt ay According to RBI data, currency in circulation was Rs. 18.43 lakh crore in the week ended April 6, 2018 compared with Rs. 17.97 lakh crore as on November 4, 2016. Gu, were e

  5. want teo he starting Page 10 News: Banks stingy with cash, says ATM industry (contd.) at thh Cash conundrum The economy is flush with cash but withdrawals from ATMs have seen a decline. What explains the 'cash crunch'? The answer could be hoarding of 2,000 notes. The Hindu Data Team examines ...but there has been a drop in ATM withdrawals recently While cash use has gone up significantly, withdrawals from ATMs fell in January and February 2018 after a peak in December 2017. In the same period, there was no dramatic increase in amounts transacted through PoS machines (cashless) to suggest that this was due to greater digital use (as was the case in early 2017) p Cash is back... e Cash in circulation registered a high recently, reaching levels seen pre-demonetisation. Cash use, which went down drastically after demonetisation, has once again gone up 18,000 e ar k h ent 30 lakh 6 lakh " 16,000 14,000 12,000 20 lakh 4 lakh ind 10 lakh 2 lakh Currency in circulation ( bn) 10,000 (Right axis) ATM amount (mn)Pos amount (E mn) 8,000 0 Oct. Dec. 2016 2016 Oct. Jan. 2017 2018 July 2016 Jan. 2017 July 2017 Jan. 2017

  6. want to he starti to Page 10 News: No deficit of currency, more being printed: RBI at th Amid the cash shortage reported from several parts of the country, the RBI has assured that there is sufficient cash in the central bank's vaults and in current chests, adding that the situation is being monitored closelv. p The central bank also said printing of notes has been ramped up in all the four security note presses he and steps are been taken to move currency to areas that are witnessing unusually large cash withdrawals RBI said in a statement, "It has been reported in a section of the media that there is shortage of* currency in certain parts of the country. It is hereby clarified at the outset that there is sufficient cash in the RBI vaults and currency chests. Nevertheless, printing of the notes has been ramped up in all the four note presses." The central bank said the shortage may be felt in some pockets largely due to logistical issues of replenishing ATMs frequently and as recalibration of ATMs is still underwa "RBI is closely monitoring both these aspects," RBI said. "Further, as a matter of abundant precaution, the RBI is also taking steps to move currency to areas stay which are witnessing unusually large cash withdrawals," the central bank added tis that

  7. want teo he starting Page 6 Nation News: NGT asks Ministrv to finalise national policy on forest fires at thh IG.S. Mains Paper-3: Environment & Ecology; Disaster Mgt.] The National Green Tribunal has directed the Ministry of Environment, Forests and Climate Change (MoEF&CC) to finalise the National Policy on Forest Fire within two weeks, after noting pthat forest fires generally occur in the month of April. re A NGT Bench said, "although they have acceded to grant of time, but in view of the fact that forest fires normally occur in the month of April every year, they direct the MoEF&CC to get all the requisite approval that are required from the Minister and give finality to the National Policy on Forest Fire and make it implementable." e ar k h ent The green panel had earlier come down heavily on the Centre for remaining a "mute spectator" to the recurring forest fires in the hill States and asked the Environment Ministry to formulate a national policv The directions followed a plea which had claimed that "if no urgent steps are taken, further devastation would be caused to a huge chunk of flora and fauna which are considered wealth of the nation" 25 tis en thec

  8. want teo he starting Page 7 Nation News: Aadhaar leak mav sway polls, fears SC at thh It is a "real apprehension" that a leak in the Aadhaar data may sway elections and cause a severe dent to democracy, the SC expressed its fears about data protection at an age when private players are increasingly taking over what used to be exclusively governmental functions Senior advocate UIDAI submitted that: re he The Aadhaar Act provides for data protection and UIDAI cannot be compared to any i Cambridge Analytica. He said, no one could assure 100% data protection UIDAI did not have any learning algorithms, which can aggregate and analyse data Besides the UIDAI can refuse a private enterprise from becoming a requesting entity under the Aadhaar Act. He said whether the requesting entity is a taxi aggregator or a software app, it has to have a prior contract with the UIDAI. k h ent o But Justice D.Y. Chandrachud expressed fears about what use the requesting entities themselves would make of the personal data provided to them by the public. The judge said the interaction of Aadhaar with the "outside world was indeed an area of concern for the court. The judge illustrated that a private hospital, which may have data about the number of visits of its patients and their medication, could possibly pass the information over to insurance or pharma companies for commercial use tis

  9. want teo he starting Page 7 Nation News: Aadhaar leak mav sway polls, fears SC (contd. at thh . Justice Chandrachud referred to Sections 8(3) and 29(3) of the Aadhaar Act which shows that requesting entities have "identity information" of citizens with them They get access to this information when individuals come to them for authentication He said the authorities cannot risk a blinkered vision of reality he Senior advocate UIDAI sought to reply to allegations made by the petitioners that Aadhaar reduces a person to a number, robbing him of his individuality. He said human beings were not reduced to numbers just because they were assigned a number as in proximity cards, passports, etc. e ar k h that en thec

  10. want teo he starting Page 7 Nation News: Panic button on phones set for another round of trial in Ma IGSM: 1& 3: Social Issues, Women Issuesl The much-awaited panic button facility on mobile phones will undergo another round of trial in at thh UP in May before it is rolled out in a phased manner across the country In April 2016, the government directed mobile manufacturers to provide the facility from January re he 2017 to ensure better safety for women. However, the implementation of its order has been delayed for several reasons. The first round of trial was conducted in U.P. for five days from March 18, following which the MWCD, Home Affairs and Electronics and IT carried out a revievw On the basis of the learning from the first round of trial, certain changes will be made to the e ar k h ent software and it would be made more user-friendly Another trial will be conducted in U.P. in the first week of May: MWCD The test run is being conducted only for smartphone users. More than 250 volunteers participated in the trial and a total of 2,000 panic calls were generated. The WCD said the main aim was to test the accuracy levels in locating the origin of the panic calls The average response time of the U.P. police was under 15 minutes. tis en thec

  11. want teo he starting Page 7 Nation News: Panic button on phones set for another round of trial in May (contd.) . Once the trial is successful in U.P., it would be extended to States which have police machinery at thh capable of reaching any part of the State within 20 minutes. of this calendar year. being carried out only on smartphones because mobile phone manufacturers opposed mandatory WCD officials had earlier planned a pan-India implementation of the panic button before the end re he . While the trial was initially planned for both smartphones as well as feature phones, it is now GPS on feature phones saying it would push up costs e ar . The Justice Verma Committee constituted after the 2012 Delhi gangrape had recommended setting ent up of a public emergency response system. tis that en thec

  12. want teo he starting Page 7 Nation News: Panic button on phones set for another round of trial in May (contd.) at thh How panic switch works Subsequently, call log details as well as geolocation of the person will be sent by SMSes as well as e-mails to police officials and the member's family re he - The trial will be carried out only for smartphones with GPS as of now e ar k h ent - Once a user presses the panic button (numeric key 5 or 9 or the power button), five calls will be made to emergency number 112, which is being integrated with emergency number 10o system THE BACKGROUND Verma Committee constituted after the 2012 Delhi gangrape had recommended setting up of a public emergency response tis that en thec

  13. want to he starti to Page 10 News: Nod awaited to induct jurist into Lokpal panel. IG.S. Mains Paper-2: Polity & Governance: Transparencyl at th * The high-profile Lokpal selection committee and the recommendations for the induction of an eminent jurist in the panel is awaiting approval, the government has informed the SC pK.K. Venugopal, Attorney General, has made a statement that in the Selection Committee meeting, he recommendations for induction/appointment of an eminent jurist, has been made and approval of the recommendation is presently pending. A Bench led by Justice Ranjan Gogoi urged the government to complete the Lokpal appointment process at the earliest. e ar k h ent The court scheduled the matter for further hearing on May 15. The selection committee is composed of PM, CJI and Lok Sabha Speaker. Though passed in 2014, the Lokpal and Lokayukta Act of 2013 was not implemented all these years because there was no Leader of Opposition (LoP) in the 16th Lok Sabha. The 2013 statute includes the LoP as a member of the selection committee. The Act intends the LoP to be the part of the selection committee of the PM, the CJI and the Speaker, which has to first appoint an eminent jurist among their ranks. tis that en thec

  14. want to he starti LT to at thh On Smart Cities: Additionally a major funding boost was injected into the bilateral process when Mr. L fven announced that "The Swedish government will kick start the Innovation Partnership by providing up to 50 million Swedish kronor (over $59 million) for innovation cooperation in the field of smart cities and sustainabilit re he e ar k h ent tis that en thec

  15. want to he starti to Analysts highlight that the traditional automakers will need to wait longer for any direct impact and could face more risks than opportunities in ditching their joint venture (JV) structures. China will also scrap limits on foreign ownership in the shipbuilding and aircraft industries in 2018, the National Development and Reform Commission (NDRC) said. The highly symbolic moves in autos come after President Xi Jinping said last week China would he scrap ownership limits "as soon as possible". e ar k h ent tis that en thec

  16. want to he starti to Page 13 Business News: India expected to grow at 7.4% in 2018': IMF at th The IMF said, "India is expected to grow at 7.4% in 2018 and 7.8% in 2019, leaving its nearest rival China behind respectively at 6.6% and 6.4% in the two years." e IMF, in the latest World Economic Outlook (WEO), highlighted: India, in 2018 and 2019, would re-emerge as one of the fastest growing major economies, with re he growth picking up after falling sharply in the second quarter of 2017 due to "one-off factors" The latest IMF growth rate projection remains unchanged since the last one in October. India's growth rate in 2016 was 7.1% as against China's 6.7% e ar k h ent . Two major economic reforms-demonetisation and GST, resulted in a slight lower growth rate of. 6.7% in 2017 China, with 6.9% growth, jumped marginally ahead of India in 2017. India's projected growth provided some offset to China's gradual slowdown The latest forecast is unchanged, "with the short-term firming of growth driven by a recovery from the transitory effects of the currency exchange initiative and implementation of the national goods and services tax, and supported by strong private consumption growth," the WEO said tis that

  17. want to he starti to at thh According to the IMF, India has made progress on structural reforms in the recent past, including through the implementation of the GST, which will help reduce internal barriers to trade, increase "While the medium-term growth outlook for India is strong, an important challenge is to he India's high public debt and recent failure to achieve the budget's deficit target, calls for efficiency and improve tax compliance p enhance inclusiveness," the report said re continued fiscal consolidation into the medium term to further strengthen fiscal polic credibility, the report said e ar The main priorities for lifting constraints on job creation and ensuring that the demographic ent dividend is not wasted are to ease labour market rigidities, reduce infrastructure bottlenecks, and improve educational outcomes, the IMF said. According to the WEO, growth in China and India last year was supported by resurgent net exports and strong private consumption, respectively, while investment growth slowed. tis that en thec

  18. want to he starti LT to Page 13 Business News: Rupee tanks to lowest since Sept. at thh The rupee extended its losing run for the second straight day, falling by another 15 paise to end at a near 7-month low of 65.64 against the U.S. dollar amid persistent capital outflows and a fresh ripple of geopolitical tensions p Headwinds in the form of consistent widening in the trade deficit accompanied by portfolio he Country's trade deficit hit $13.69 billion in March, climbing from $11.98 billion in February This is the weakest close for the rupee since September 27, 2017 when it had ended at 65.72. e ar k h ent Is

  19. want to he starti to Page 14 Business News: Centre targets to build 45 km of roads a day in FY19: Gadkari . The government aims to build 45 km of roads per day in financial year 2019, an increase from the at th daily average of almost 27 km achieved last year, according to Road Transport and Highways Minister Nitin Gadkari. p he The ministry has also set targets of awarding 20,000 km of National Highways and constructing a total of 16,420 km in 2018-2019, up from last year's awarding of 17,055 km highways and 9,829 km constructed. . Earlier this month, the ministry had announced that the government would be adopting international norms for calculating highways construction from this fiscal, which would include measuring lane kilometres instead of linear distance. The targets have, however, been set in the old format. ent ou A monitoring group each in the NHAI and the ministry would also be set up. . The minister said that land acquisition for the new express highway connecting Delhi and Mumbai would cost Rs. 70 lakh to Rs. 80 lakh per hectare, instead of Rs. 7 crore. The government plans to build the new express highway on a new alignment at a cost of Rs. 1 lakh crore.