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1st August 2018 Part-1: Daily News Analysis
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E-COMMERCE: Inventory Model explained

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

Unacademy user
Sir plzz make video for jaiib
Hi Jatin, have u qualified UPSC PRELIMS in Ur attempts ever made???? What more strategies u r planning to use to overcome this.please provide inferences in brief????
are you complete my course without money sir ,7980592946 I have some problem .plz give me better guidance at that time I completed ,polity,geography,economics,math,history(running) through YouTube online but I have not confidence
Hi Jatin/people i have a doubt , in this E-Commerce Draft Bill, How is the consumer is affected in the long run, he is getting goods for discounted price, he can buy some other good in case of discounts, and sellers also have bulk orders, and i do understand the concerns of MSME and Sellers aswell because of inventory model, but How is consumer affected with the Discount in long run ??????????
Kedar Deokar
4 months ago
as this MNCs are buying stakes in domestic firms over the time domestic industries will be uprooted and then there will be monopoly of this foreign companies. That time whatevr price this company will decide the consumer will have to give it ...as today if u find price on amazon a bit high then u check on other place like snapdeal etc but that time u wont have other options than this MNCs
Jatin Verma
4 months ago
Thanks Kedar for addressing his query. Santosh, he has rightly explained the whole point.
Tannk you so much :) and one additional Point ( GREAT POWER COMES WITH GREAT RESPONSIBILITY ) The e commerce growth has led to job creation productivity improvement and increase online presense of consumers To Benefit from these opportunities it is essential to be responsive to the underlying challenges, There is thus the need for clearly laid dow rules of E-Commerce in the country yes many jobs will be created if this industry grow , but one threat here is if any uncertanity happens in future then it is a matter of Huge unemployment in the country
hey guys if you want to know his knowledge , go on youtube search knowledge fight between roman saini and jatin verma , here is the link for that video https://www.youtube.com/watch?v=7NrU6jyGp9k The questions were not that hard which were not answered by by jatin. please guys dont believe blindfoldedly on anybody. You can also measure his cringylevel.
sir plz upload all daily news analysis of august
  1. GLOS for Menday'ame forward to chester United So look forward to it Malott has Daily News Analvsis from THE HINDU Indian express, Tol, Livemint for 1st August, 2018 top start sa ar stacea WARMING Paris Deal thi Parliamentary Committees hiet. Judicial Over-rea pho reve e gai CAG Slams Govt ayit hadhea Act East Policy hack eanded by many also a purp so vDaily News Analysis Legislative been no itact Trom Adventurism .austrial Productio that it hac witten to for2 financial crisis Meltdown Is there a need for Stimulus China's Belt & Road


  2. To access: Searching for "jatin verma" Daily Editorials DNA EDUCATORS Jatin Verma Mahesh Verma Facebook Group IAS Tayari with Jatin Verma unacademy


  3. but th st August onwards conomic Times Times of India The Hindu Indian Express rev he p cause pu kand stay


  4. want to be starting ganses, beiag anted to show the boss whatcE s bnat th Important News Articles Taking Delhi/Noida edition as the base 1. Page 1: Set procedure to vet NRC claims: SC 2. Page 10: Shah triggers uproar in Rajya Sabha y hav rove 3. Page 11: NRC update: some exclusions defy an explanation he4. Page 11: More time for Citizenship Bill JPC 5. Page 11: Clarify stand now on Citizenship Bill: Gogoi 6. Page 1: States told to count Rohingya 7. Page 1: Centre is pulling out FRDI Bill 8. Page 3: Rajasthan first State to implement biofuel policy 9. Page 3: Police advisories to tackle Kiki rage 10. Page 7: 'Reservation can't be given in a hurry' 11. Page 7: Speed up Uttarakhand Ganga projects: Gadkari 12. Page 7: Tender for fighter jets by mid-2019 13. Page 10: Don't list Aadhaar no. on Net, says UIDAI 14. Page 13: Core industries growth quickens to 6.7% in June 15. Page 14: Centre imposes 25% safeguard duty on import of solar cells slay or us hink h cause h erent a pu rk and


  5. 8 : a) King Penguins are the largest species of Penguin b) The breed mainly at the northern reaches of Antarctica c) They are in the category of LC Least Concern in the IUCN Red list change as their living islands are lost to ocean Their population is shrinking in Amsterdam islands due to the bacterial disease Avian he e) 5 What is the major reason behind the growth? 1. Government investment in infrastructure is increasing 2. The drive to increase the exports of Petroleum products. 6 b. Neither 1 nor 2


  6. but th ph rev Economic Times cause pu kand stay


  7. want fo be start but th Economic Times: Amazon, Walmart May Seek US Help on E-Commerce Policy. Ecommerce in India may become a diplomatic battleground. American giants Amazon and Walmart feel the draft ecommerce policy is "heavily tilted" against foreign firms and are likely to ask the United States government to reach out to Indian policymakers in case the final policy is "not moderated". Fallout for India-U.S. Relations: There will be plenty of government-to-government talks on this issue. Amazon has pledged to invest about S5 billion into India and Walmart in May agreed to acquire controlling 77% stake in Amazon's local rival Flipkart for $16 billion. Both US headquartered giants see India as a top future market. Amazon and Flipkart together account for over 70% of India's ecommerce market. rev cause ferent pu kand stay


  8. want fo be start but th Concerns of Foreign E-Commerce firms: 1. E-Commerce Regulator: Foreign ecommerce companies are especially wary of the proposed ecommerce regulator because they feel it will intervene in decision-mak ng, slowing down business operations. They are worried that the final policy may "create puneven playing field e2. The proposal in the draft policy that allows Indian-owned and Indian managed reve marketplaces the option of holding inventories (provided goods sold are entirely domestically produced) but makes no such concession for foreign-funded firms. 3. These Companies say that it is anti-business to keep changing regulatory goalposts and that ink h cause ferent this especially affects overseas firms that have either pledged or invested billions of dollars. 4. Bulk Purchase:The draft proposes that group companies of ecommerce firms cannot take .pu, actions that influence or distort final process. It also recommends barring bulk purchases byn "related party sellers" of branded goods like mobile phones and white goods that lead to price distortions in the marketplace, kand stay Both have large separate wholesale entities that purchase in bulk and then sell those goods to large vendors.


  9. want fo be start but th If these are accepted in the final policy, sale strategies of big ecommerce players like Amazon and Flipkart will be affected. For example, in the case of Amazon India, Cloudtail, which is a joint venture between Amazon and NR Narayana Murthy's Catamaran Advisors, purchases bulk goods from ph wholesalers. rev According to a lawsuit filed in Delhi High Court by an NGO that alleges FDI violations by Amazon and Flipkart, Cloudtail is the largest seller on Amazon.in, and it posted revenues of Rs 5,706 crore for fiscal year 2016-17, while Amazon Seller Services, that operates the Amazon.in platform, reported revenues of Rs 3,257 crore for the same period. Incidentally, Amazon's plans to start a wholly owned food-only retail has not materialised even one year after the US company received government approval in July 2017 to invest $500 million in a locally produced food retailing business. India allows 100% foreign ownership in this line of business. cause ferent PLI kand stay . Some, however, sees nothing wrong in proposals to protect the interest of domestic companies


  10. it th Cloudtail is itself partly owned by Amazon 6 y have pho reve he ga Cloudtal Intra Party Transactions ar camouflaged as Third Party transactions Selling these goods at Amazon.in Thereby sidetracking the FDI norms Cloudtail making Bulk purchases from Small Vendors pe ar nk h Pu iseS and t stay A Tail of Cloudy transacactions under the Cloud-tail? es that


  11. want fo be start but th Economic Times Page-2: US Granting STA-1 Status to India is a Big Rebuff to China US President Donald Trump's decision to grant India the STA-1 trading status equivalent to American allies for procurement of military weapons is a big rebuff to China for blocking India's entry into the Nuclear Suppliers Group. ph Key Condition diluted: In making this call, the US President has relaxed a key condition set by hethe Obama Administration that India would be eligible only after it had secured the membership of all four technology control regimes- the NSG, the Missile Technology Control Regime, the Wassenaar Arrangement and the Australia Group. India became a member of three of these, except for NSG where China has continued to block a . ink h cause t ferent consensus. After an unsuccessful attempt at securing NSG membership in the last few months of the Obama Administration, India had asked US to reconsider its conditions. New Delhi's case was that by blocking India's case at NSG, Beijing had also put on hold Indo-US cooperation on co-production of defence equipment as well as bilateral transfer of high-end technology. The STA-1 will make this easier. Only two other Asian countries, Japan and South Korea, are in this category PLI kand stay


  12. to l There are two US arms control lists: at th One, the International Traffic in Arms Regulations (ITAR) list, which comes under the State Department. The other is the Export Administration Regulation (EAR) list controlled by the Commerce Department. Background: In 2013, the Obama administration moved a bunch of sensitive items from the ITAR to EAR list. The EAR was then recast to make military commerce easier. In this rejig, India fell in the category of Strategic Trade Authorisation (STA)-2 while America's closest allies were placed in STA-1 The licensing requirements are qualitatively different in these two categories, which is where the challenge lay in steering the India case forward. India was not an ally and wasn't going to define itself as one either. So, a decision was made in the dying days of the Obama Administration to give India Major Defence Partner (MDP) status. But for it to have full effect, the EAR had to be amended to insert MDP category in STA 1. emt .The US Congress simultaneously passed a legislation ascribing the MDP description in law. This was not really needed as all this is within the US administration's remit. Officials would like to call this a parallel process that just converged in the end. a^z


  13. want fo be start but th Page 13: Core industries growth quickens to 6.7%) in June Core industrial growth accelerated in June to 6.7% on the back of a surge in the petroleum products and steel sectors, according to official data released Petroleum products saw 1 2.06% growth in June 201 8, up from 4.94% in May. The steel sector also witnessed significant acceleration in growth to 4.42% from 0.7% in May. Growth in the coal sector slowed to 11.5% in June from 12.16% in May, while the crude oil and natural gas sectors both contracted, by 3.4% and 2.74%, respectively, in June. Fertilisers saw growth slowing sharply in June to 0.93% from 8.44% in May. Growth in the cement sector touched 13.18% in June, up from 12.99% in May. phe tete rev cause ferent Infrastructure spending Chief policy advisor at EY India said that the growth in the core industry data can be explained 'u by two factors. 1. Increase in government investment in infrastructure projects, driving industries such as steel. * 2. petroleum products are mainly exported and the drive to increase exports would be pushing this up. But overall also, investment levels are picking up kand stay


  14. want fo be start but th Page 10: Centre for removal of 'NOTA' from RS poll (GSM 2: Polity and governance) The Supreme Court reserved for judgment a PIL petition, which won the full support of the Centre, seeking to scrap the 'NOTA' option in Rajya Sabha election. A Bench led by CJI indicated that the court may indeed rule against the two circulars issued y ha hby the ECI on January 24, 2014 and November 12, the subsequent year, giving Rajya Sabha emembers the option to press the NOTA ('none of the above') button in the Upper House polls. CJI orally observed that NOTA is meant only for universal adult suffrage and direct elections . and not polls held by the system of proportional representation by means of the single transferable vote as done in the Rajya Sabha. ink h cause ferent Petitioner's contention PLI NOTA in indirect elections, such as in the Rajya Sabha, would lead to horse-trading, corruption and using of extra constitutional methods to defeat a party candidate. kand stay The system of NOTA makes the system of proportional representation by means of single transferable vote nugatory and otiose,


  15. Page-11: Congress, BJP not in favour of NOTA in Raiva Sabha polls. Since there was no secrecy in Rajya Sabha election, NOTA is not of much Rajya Sabha, parties issue whip for these elections and NOT option went against the nature of the whip challenge, but were dismissed by the court. . The Supreme Court observed: The contention that the right of expression of the voter at an election for the Rajya Sabha is affected by open A ballot is not tenable, as an elected MLA would not face any disqualification from the membership of the House for voting in a particular manner Party A Party B .The Court said the member "may at the most attract action from the political party to which he belongs 25 NOTA .Kuldip Nayar case: The Supreme Court's judgment in Kuldip Nayar vs Union Of India & Ors is significant in this regard In the Kuldip Nayar case, amendments introducing the open ballot system were under


  16. Impact of NOTA: The impact of the decision of MLAs to exercise the NOTA (none of the above) option in elections to the Rajya Sabha will be the same as that of an abstention. Nor does it attract the anti-defection law, though it can be a sign that an MLA is dissatisfied with his party leadership or official candidate. . . Process of Rajya Sabha election: -In the Rajya Sabha polls, a winning candidate should get a required number of votes calculated through a formula. -The total number of votes are divided by the number of seats going to the polls from the State, adding one vote to the number. To this whole, a value of one vote is again added. The polls are held by means of a single, transferable vote, and the candidates reaching the requisite number are declared elected. If a candidate from a party exercises the NOTA option, the total votes will go down and this will bring down the number required to win. This can benefit a candidate from another party, in case MLAs from that party vote for their official candidate, neither abstaining nor exercising the NOTA option. . . . Abstentions an option even before NOTA-produced the same results by bringing down the total number of votes.


  17. want fo be start but th Page 1: Set procedure to vet NRC claims: SC (GSM 2: Polity and governance) The Supreme Court directed authorities not to initiate any 'action' against 40 lakh persons left out of the draft Assam National Register of Citizens (NRC) published on July 30. The Bench ordered the government, in consultation with State NRC Coordinator, to framea standard operating procedure (SOP) to deal with the claims and objections of those f eve who did not find their names in the draft NRC Centre's reply The Ministry concerned is working out the modalities of the SOP, which would "deal with the different dimensions of the exercise of hearing the claims and objections to ensure that 90 20 the process is fair." Once the modalities are ready, the SOP would be placed before the court by mid-August. the government is developing biometrics so that even if a declared foreigner escapes to another State, he or she would be caught there. No final date for publishing the final NRC has been fixed. It is for the court to fix a date. Those excluded from the draft NRC can approach the Local Registrar or the NRC Sewa Kendras to find out the reasons for their non-inclusion Claims and objections would be heard from August 30 to September 28. ink h cause t ferent PLI kand stay No coercive action would be taken against persons who have not figured in the draft NRC


  18. want fo be start but th Page 11: NRC update: some exclusions defv an explanation (GSM 2: Politv and overnance The complete draft of the updated National Register of Citizens (NRC) has proved to be a great leveller, as it excluded more than 40 lakh people including people across the social spectrum-from daily-wagers and marginal farmers to soldiers and MLAs. Political parties such as All India United Democratic Front have attributed the exclusion of names of many genuine Indian citizens to parochial NRC officials besides vindictive police officials and Foreigners' Tribunal members. Linguistic and religious minority organisations said there were scores of people whose ancestors figured in the 1951 NRC, but were missing from the updated register 67 years later, y ha pin rev he ink h cause ferent PLI SC mav take up plea of transgenders The All Assam Transgender Association, which is about 20,000 strong, said its members had not been included in the draft NRC. The Register, it seems, mentions only the male and female gender. kand stay


  19. want fo be start but th Page 11: More time for Citizenship Bill JPC (GSM 2: Polity and governance The tenure of the Joint Parliamentary Committee examining the contentious Citizenship (Amendment) Bill, 2016 has been extended till the last week of the winter session of Parliament, when it is expected to submit its report. The Bill proposes citizenship to six persecuted minorities -Hindus, Jains, Sikhs, is, Christians and Buddhists-who came to India from Pakistan, Afghanistan and he Bangladesh before December 31, 2014. Several political and civil society groups in Assam have said the Bill would pave the way for giving citizenship to illegal Hindu immigrants from Bangladesh in Assam _in violation of the Assam Accord of 1985. The JPC said that the final report will be given only after seeking the views of the Centre and the people of Assam Through an executive order in 2015, the Home Ministry relaxed the provisions for persecuted religious minorities from the three neighbouring countries in respect of their entry and stay in India without proper documents or after their expiry There has been no exact numbers of such minority refugees but officials estimate that around two lakh Hindu and Sikh refugees from Bangladesh, Pakistan and Afghanistan are living in ink h cause t ferent PLI kand stay India. There are 400 Pakistani Hindu refugee settlements in cities such as Jodhpur, Jaisalmer, Bikaner and Jaipur.


  20. want fo be start but th Page 1: States told to count Rohingva (GSM 2: Polity and governance The Union Home Ministry has sent an advisory to State governments to enumerate, observe and collect biometric data of Rohingya migrants living in India, and told the Lok Sabha that the government had received reports of their involvement in illegal activities phThe government also made it clear that Rohingya were "illegal migrants" and not rev he "refugees." The Border Security Force (BSF) and Assam Rifles have also been sensitised over not allowing in more illegal immigrants. "After the enumeration process is complete, it would be sent to the MEA who will in turn take - cause ferent it up with the government of Myanmar. 40,000 or so Rohingya in India are mostly found in Jammu and Kashmir, Hyderabad (Telangana), Mewat in Haryana and Tripura PLI Govt.'s stand on refugees On being questioned of the government's stand on not adhering to India's traditional kand stay generosity towards refugees, Minister of state for Home said V India has been "most soft" in its approach to refugees V India is not a signatory to the UN Convention on Refugees but has its own laws.


  21. want fo be start but th Page 3: Rajasthan first State to implement biofuel policy (GSM 2: Polity and governance) Rajasthan has become the first State in the country to implement the national policy on biofuels unveiled by the Centre in May this year. The desert State will lay emphasis on increasing production of oilseeds and establish a Centre for Excellence in Udaipur to promote research p in the fields of alternative fuels and energy resources. heOther initiatives rev A biodiesel plant of the capacity of 8 tonnes a day had already been installed in the State with the financial assistance of the Indian Railways. The Biofuel Rules, 2018, would shortly be brought into effect. Women's self help groups would be encouraged to explore the scope for additional income through the supply of biodiesel cause ferent PLI kand stay


  22. want fo be start but th National Policv on biofuels The policy on biofuels seeks to help farmers dispose of their surplus stock in an economic manner and reduce the country's oil import dependence. Salient Features: It has expanded the scope of raw material for ethanol production by allowing use of phe rev sugarcane juice, sugar containing materials, starch containing materials and damaged foodgrains like wheat, broken rice and rotten potatoes for ethanol production. The Policy allows use of surplus food grains for production of ethanol for blending with petrol with the approval of National Biofuel Coordination Committee. With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, i pur higher purchase price as compared to 1G biofuels. The Policy encourages setting up of supply chain mechanisms for biodiesel production from non-edible oilseeds, Used Cooking Oil, short gestation crops. ink h cause ferent kand stay


  23. want fo be start but th Expected Benefit 1. Reduce Import Dependency 2. Cleaner Environment 3. Health benefits by diversion of used cooking oil as a potential feedstock for biodiesel ph reve 4. Municipal Solid Waste Management hegT 5. Infrastructural Investment in Rural Areas 6. Employment Generation 7. Additional Income to Farmers by selling ethanol produced from agricultural residues/wast cause ferent which are otherwise burnt pu kand stay


  24. want fo be start but th Page 3: Police advisories to tackle Kiki rage (GSM 1- Impact of Internet The police are worried about an Internet challenge thrown by Canadian rapper Drake, which involves jumping out of a moving car and dancing alongside it to his song 'In My Feelings' The police in Delhi, Uttar Pradesh, Mumbai, Bengaluru and Chandigarh have issued ee advisories highlighting the risks involved in the challenge. Blue Whale Challenge It was an online game which was banned due to many youngsters losing their lives and getting involved in dangerous tasks assigned in the game. WHO classifies 'gaming disorder' as mental health condition cause ferent Recently, the World Health Organisation released the 11th edition of the International Classification of Diseases (ICD-11) which added "gaming disorder" to its official list of 'Du identified mental health conditions The hope is that formally recognising gaming disorder will make it easier for those in need kand stay to get diagnosed, and where applicable, be able to use medical insurance to cover treatment costs; something that is currently not possible in most countries


  25. want fo be start but th Page 7: "Reservation can't be given in a hurry' (GSM 2: Polity and governance) Maharashtra Chief Minister said that any reservation extended in a hurry to the Maratha community will not stand up in court, while the BJP ally Shiv Sena stirred the quota pot further by asking the State government to extend reservation to Dhangars and Kolis as well. phe eThe State cannot work based on emotions if it really wants to give reservation, the CM said, rev eterming the recent incidents of violence and suicides by Maratha youth as disturbing. Shiv Sena chief demanded that the government announce reservation for Marathas without waiting for the State Backward Class Commission's report on the issue. Once the Maratha community is given reservation, others will come out on the streets and a new problem willne cause ferent crop up, the party mouthpiece Saamana warned in an editorial Two cases against nearly 3,000 persons had been lodged at Chakan and Khed police stations pu under the Indian Penal Code sections pertaining to rioting, arson, and the use of criminal force to deter public servant for discharging his duty among others. kand stay


  26. want fo be start but th Page 7: Speed up Uttarakhand Ganga projects: Gadkari Union Water Resources and Ganga Rejuvenation Minister instructed officials and contractors involved in the Uttarakhand Namami Gange Project to complete all infrastructure work relating to sewage treatment plants, cleaning the ghats and restoring pl toria by December2018. eThe Minister's comments followed a review meeting on the progress of the mission and is in toria by December 2018. rev line with the government's commitment to ensure that 80% of the Ganga is clean by May 2019 The 20,000 crore Namami Gange mission consists of 298 projects 194 of which deal with n constructing STPs, rural sanitation and bioremediation_ largely spanning Uttarakhand, Uttar Pradesh, West Bengal, Bihar and Jharkhand, which are responsible for most ofthe pollution. ferent pu kand stay