Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 19TH September 2017 By Jatin Verma Educator Unacademy
News Articles I. Norms eased for fund raising by REITs, InvITs 2. Former PM Manmohan flays note ban, 'hasty' GST rollout. 3. Rohingya have terror links: Centre before S.C 4. Shell shock: Govt. 'names and shames' directors. 5 T.N. Speaker disqualifies 18 rebel AIADMK MLAs 6. Bihar CM in favour of simultaneous polls 7. Dhaka plans to initiate dialogue. 8. Six additional judges elevated. 9. International: Trump calls for 'bold reforms' at UN. 10. How violence radicalised a generation of Rohingya I I. Telecom operators seek more time to meet quality norms.
81% 11:56 ?..1 81 % 1 1 :57 Jatin Verma Follow 155k Followers Daily Current Affairs MCQs for August 2017 Ratings & Reviews 421 Ratings WhatsApp Roman Saini Facebook A great course by Jatin Verma where he has literally covered all the important news from The Hindu. Must watch. Copy to Clipboard Mohit Rai More If i achieve my aim, my first salary will go to this great individual making this great informative and well-researched videos I should take this opportunity to thank and congratulate him for the wonderful work he is doing for all the aspirants. He is meticulous and almost perfect in his approach and understanding. Please keep making such videos as a single Targeted For All G.K. based Government Exams Objective This is a dally recurring course on important 26k Enrollments Enroll 5.4k Enrollments Enroll
Page-14: Norms eased for fund raising by REITs, InvlTs.[GSM-3: Infrastructure] The Securities and Exchange Board of India has relaxed the guidelines for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvlTs) in order to broaden the scope of fund raising by such instruments. The board of SEBl decided to allow REITs and InvITs to raise capital by issuing debt securities while also giving approval for the former to lend to an underlying holding company or a special purpose vehicle (SPV) The regulator also allowed single-asset REITs on similar lines as InvlITs while amending the definition of 'valuer' for both REITs and InvITs. REITs allow investors to invest in real estate, while InvlTs allow one to invest in infrastructure projects. Market participants said the relaxation would help these investment products gain traction as only a few entities have so far managed to raise such funds. On the BSE, only two InvITs, India Grid Trust & IRB InvIT Fund, are listed.
Real Estate Investment Trust REIT': A REIT is a type of security that invests in real estate through property or mortgages and often trades on major exchanges like a stock. REITs provide investors with an extremely liquid stake in real estate.They receive special tax considerations and typically offer high dividend yields. An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from possible individual/linstitutional investors in infrastructure to earn a small portion of the income as return. InvITs work like mutual funds or real estate investment trusts (REITs) in features. InvlTs can be treated as the modified version of REITs designed to suit the specific circumstances of the infrastructure sector. Holding Company: A holding company is a parent corporation that owns enough voting stock in another company to control its policies and management.
Holding Company Vs. Subsidiary Company Holding Company[51 %+] Subsdiary Co. B CEO-B Transmission Subsdiary Co. A CEO-A Subsdiary Co. C CEO-C Generation Distribution
Telecom industry: Tower, Telephone Exchange(Active service), Distribution.
Transmission & Distribution losses: Hiving off Unbundling of Power sector
Page-l: Former PM Manmohan flays note ban, 'hasty' GST rollout. Former PM Dr. Manmohan Singh again said demonetisation and "hasty" implementation of GST adversely impacting GDP growth. e Dr.Singh, who had previously cautioned against note ban shaving off 2 per cent of GDP, said demo netisation of 86 % of the currency in circulation and the hasty implementation of the Goods and Services Tax (GST) have impacted informal and small scale sectors, which account of about 40% of the $ 2.5-trillion economy. Ninety per cent of India's employment is in the informal sector. On November 25 2016,some two weeks after old 500 and 1,000 rupee notes were junked, Dr Singh had in his Parliament speech termed demonetisation a "monumental mismanagement", "organised loot" and'legalised plunder" which would cause GDP growth to fall by 2%. GDP growth in the first quarter of current fiscal slumped to a three-year low of 5.7 %, down from 7.9 % in April-June quarter of 2016. In January-March quarter, the growth declined to 6.1% from 8 % in the year-ago quarter . The government had blamed de-stocking ahead of the rollout of the Goods and Services Tax (GST) from July I as the primary reason for the fall in the GDP growth rate
Page-LRohingyahaveterrorlinks:Centre before S.C [GSM-2: Polity] I. In its affidavit, the government accused the Rohingya of taking advantage of the porous borders 2. 3. in the east with organised smuggling of people, human trafficking and hawala operations. Many of them have acquired fake Indian identity such as PAN cards and voter ID cards. The Centre said an organised illegal influx of Rohingya into India was happening through Benapole-Haridaspur (West Bengal), Hilli (West Bengal) and Sonamora (Tripura), Kolkata and Guwahati 4. 5. Allowing the Rohingya to stay might kindle ethnic tensions in the northeastern State. Many of the Rohingya figure in the suspected sinister designs of ISI/ISIS and other extremist groups who want to achieve their ulterior motives in India, including that of flaring up communal and sectarian violence in sensitive areas. The Rohingya, with militant background, were found to be very active in Jammu, Delhi, Hyderabad and Mewat, it said. Radicalised Rohingya may cause violence on Indian Buddhists. But mostly, the government feared that the "illegal immigrants" would exhaust the national 6. 7. resources Now, the Supreme Court will take a call on Rohingya
Page 1+10:T.N. Speaker disqualifies 18 rebel AIADMK MLAs IGSM-2: Polity & Governance: State Legislature- Speaker] Chief Government Whip recommended to the Assembly Speaker the disqualification of 19 AIADMK MLAs, owing allegiance to another faction within the Party. The 19 MLAs had withdrawn their support to incumbent Chief Minister The act of these MLAs amounted to defection as per the Tenth Schedule of the Indian Constitution The Govt whip cited Section 6 of the Members of the Tamil Nadu Legislative Assembly (Disqualification on Ground of Defection) Rules, 1986 (3) (a) of the Constitution they were making efforts to align themselves with a party other than the party from which they . Consequently, the Assembly constituencies held by them have fallen vacant under Article 190 . In his order, Speaker Dhanapal reasoned that the actions of the dissident MLAs only showed that were elected.
Page-11: Six additional judges elevated. [GSM-2: Polity & Gov.- Judicial Backlog] The President elevated six additional judges of the Telangana and Andhra Pradesh High Court to the rank of permanent judge. Additional judges are initially appointed for a term of two years and elevated to the rank of permanent judge if no adverse n Against a sanctioned strength of 6l judges, the Telangana and Andhra Pradesh High Court has been functioning with a working strength of 27 t them.
HRw callsfor sanctions.[GSM-2: Polity: IR-International NGOs & Human Rights] The HRW said Myanmar security forces were disregarding condemnation by world leaders over the violence and the exodus of refugees, and the time had come to impose tougher measures that Myanmar's generals could not ignore. . Timing:The call came as the UN General Assembly prepared to convene in New York, with the crisis in Myanmar high on the agenda. . It also came on the eve of a highly-anticipated national address by Myanmar's civilian leader Aung San Suu Kyi, her first on the crisis in Rakhine State. . About a million Rohingya residents lived in Rakhine State of Myanmar until the recent violence. Human Rights Watch: A Non-profit, nongovernmental human rights organization made up of roughly 400 staff members around the globe Established in 1978, HRW is known for its accurate fact-finding, impartial reporting, effective use of media, and targeted advocacy, often in partnership with local human rights groups. Each year, Human Rights Watch publishes more than 100 reports and briefings on human rights conditions in some 90 countries, generating extensive coverage in local and international media.
How violence radicalised a generation of Rohingya From its start four years ago as a small-scale effort to organise a Rohingya resistance, Arakan Rohingya Salvation Army (ARSA) has managed to stage two deadly attacks on Myanmar's security forces. . But in lashing out against the government, the militants have also made their own people a target. And they have handed Myanmar's military an attempt at public justification by saying that it is fighting terrorism, even as it has burned down dozens of villages and killed fleeing women and children. This radicalisation of a new generation of Rohingya, a Muslim minority in a Buddhist-majority country, adds fuel to an already combustible situation in Rakhine, Myanmar's poorest State. . Localised struggle: Nobody pick up the Gun for Furn Increasingly, there is also concern that both the relatively few Rohingya who have taken up arms and the broader population hundreds of thousands of whom are crowded in camps in neighbouring Bangladesh will be exploited by international terrorism networks, bringing a localised struggle into the slipstream of global politics. . ARSA's attempt at insurgency politics has been disastrousa ceasefire they declared this month was rejected by the military, and they are reported to have suffered lopsided casualties compared with the government's. But the men caught up in the cause insist that resistance is worth the steep cost, even to their families.
Business Page 13 : Telecom operators seek more time to meet quality norms [GSM-3:Telecom Infrastructure] y shifting the QoS measurement,TRAl had made the compliance requirement much more stringent than the existing requirement. New methodology: Under the new regulation,TRAI has recommended a new calculation methodology for Dropped Call Rate (DCR), which will be measured at the mobile tower level instead of telecom circle. . In addition, telcos may face a maximum penalty of 10 lakh if they fail to meet the benchmark for three consecutive quarters. . What Cellular Operators Association of India says: The telecom industry has urged regulator TRAl to consider a six-month extension to the October I deadline it had set for implementation of new norms. The implementation will require major changes in existing processes and alignment with concerned stakeholders. . It had pointed out that as perTRAL around 36.9% of call drops occur due to factors that are beyond the control of telcos-such as sudden entry by consumers into lifts/basements, low battery of mobile devices and low account balance.