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Sept 1, 2017 NEWS GDP growth boards slow train at 5.7% India's GDP grew at 5.7% between April to June this year-the slowest pace recorded in 13 quarters. Possible reasons Slowdown persists The 57% growth in GDP registered in Apr1-June 2017 was the lowest since March 2014. The growth of eight core infrastructure sectors also came down to 2.4% . Large part of this dip was due to a rise in input costs as well as an unprecedented "high level of inventory de-accumulation" in the first quarter as firms were worried if the GST regime would grant them input tax credits for output generated before its implementation. Impact on individual sectors While growth has slowed since March '16, steep drops have occurred in the last two quarters due to demone tisation and 9.1 6.1 . The principal decline in growth is on account of industry, which comes72 . This to be the worst quarter for the manufacturing sector in five years, . That mining activity also shrank by 0.7%, compared to a 6.4% growth the pre-GST 5.7 in at 1.6% compared to 7.4% last year, with growth at 1.2% compared to 10.7% in the same quarter last year. last quarter. effect Akey factor was trade deficit rising to3.2% s of the GDP compared to 0.9% last year
contd.. The gross value added by the agriculture sector dipped from 2.5% in the first quarter of last year to 2.3% with The gross value added (GVA) in the economy grew at 5.6%, same as the previous quarter but sharply lower . Gross fixed capital formulation has turned positive. Gross fixed capital formation, which reflect the While the services sector did fairly well, growing at 8.7% compared to 9% in the same quarter last year. increase in crop production and decline animal husbandry than the 7.6% growth in the first quarter of the last year. investments into the country, stood at a four-quarter high of 29.8% of GDP but was still lower than the 31% clocked in the same quarter of 2016-17 Gross fixed capital formation (GFCF) refers to the net increase in physical assets (investment minus disposals) within the measurement period. It does not account for the consumption (depreciation) of fixed capital, and also does not include land purchases . Gross value added (GVA) refers measure of total output and income in the economy. It provides the rupee value for the amount of goods and services produced in an economy after deducting the cost of inputs and raw materials that have gone into the production of those goods and services. It also gives sector- specific picture like what is the growth in an area, industry or sector of an economy.
Sept 1, 2017 NEWS 39 successes later, PSLV launch fails . The PSLV-C39 mission carrying the replacement navigation satellite IRNSS-1H failed. . Reason? The spacecraft was stuck in the heat shield in the last and fourth stage; it did not release into space as planned. . This was the PSLV's first failure -in what was seen as a routine mission after 39 continuously successful launches and only the second such instance since 1993. Significance The failure may somewhat dent the image that the PSLV commands in the global small-to- medium launchers market. It has been easily the most-sought-after vehicle for small satellites of up to 600-700 kg. It has launched 209 satellites of 28 countries since it went commercial in 1999. Antrix Corporation, ISRO's commercial arm, has firmed up many more client satellites and is in discussion with new potential customers.
Sept 1, 2017 NEWS Exception 2 to Section 375 IPC arbitrary and in conflict with POCSO . The Supreme Court resumed its hearing in the case challenging Exception 2 to Section 375 of the Indian Penal Code (IPC), which exempts marital rape of girls between the age of 15 and 18 from the purview of rape. Exception 2 to Section 375 states that sexual intercourse by a man with his own wife, the wife not being under fifteen years of age, is not rape Petitioner's view . It is violation of article 14 (why?),15 and 21. . Why article 14? Because, it classifies women into two categories based on their marital status . The said provision classifies girl children below the age of 18 years into two categories: () namely those who are married, and (ii) those who are not married. However, for all other purposes the age of consent is 18 years. (POCSO) . A husband can have sexual intercourse with his wife, if she is above the age of 15 years irrespective of her consent. . It is also contrary to the anti-child sex abuse law, Protection of Children from Sexual Offences Act of 2012
Sept 1, 2017 NEWS Nationwide programme to test all TB patients Health authorities will commence a nationwide programme to test every tuberculosis (TB) patient for signs of resistance to first-line drugs. . The new policy, called the Universal Drug Sensitivity Test, which was formalised earlier this month, will be implemented using a molecular diagnostic test called GeneXpert, a U.S.-developed technology tool being used worldwide since 2010. Benefits It can detect the TB bacterium as well check for resistance to rifampicin, one of the standard key TB drugs, within 90 minutes. Conventional tests take at least a day or more and require well-trained personnel for similar results t on the scale of resistance to le TB drugs. . This could also reveal a large number of hidden tuberculosis patients, as well greater numbers of those with multiple infections of TB and HIV
contd.. Challenges . There are only around 600 GeneXpert devices now in use- roughly one for each district. . GeneXpert kits, though one of their kind, are also known to be expensive, as well as requiring air- conditioned settings and reliable electricity access for optimal output. Possible Alternative in near future Council of Medical Research (ICMR) is in the process of testing a cheaper alternative to GeneXpert called Truenat MTB, which is reportedly more portable, battery-operated, and performs as well at lower costs. Statistics . Even as India tops the world in the number of TB cases, the WHO (World Health Organisation) estimates that possibly as many as a million Indians with TB could be outside government scrutiny. .In 2015 alone, nine million Indians were tested for suspected TB and about 900,000 were confirmed to be ailing from it. Nearly 3% of new cases and 18% of prevalent cases are believed to be drug resistant, though independent analyses peg these numbers as much higher. . The WHO's TB statistics for India for 2015 -the latest available gives an estimated incidence figure of 2.2 million cases of TB for India out of a global incidence of 9.6 million.
Sept 1, 2017 NEWS Indian elephant getting bigger Medical boards proposed to hear abortion pleas The special envoy of New South Wales, the southeastern Australian state, to India, said that India's rise is good news for Australia as well as the Indian Ocean region . The Centre on Thursday . India-Australia trade stands at $14.1 billion, but it is largely skewed towards informed the Supreme Court that it has written to States and Union Territories about the court's suggestion to appoint permanent medical boards to provide women, especially rape survivors, urgent access to medical care and to consider their requests for abortion Australia. In 2016, India's exports to the country stood at 2.9 billion, while India imported goods worth 11.15 billion from Australia Why? Australia is a big country with a small population. Their consumption is smaller. Alternative opportunities A number of sectors where India-Australia ties can prosper. These include- defence, education, agriculture and tourism . On defence, Australia has identified India as a key partner to maintain stability and rule-based international order in the Indo-Pacific region
Sept 1, 2017 NEWS Ranil defends Hambantota deal India's concern New Delhi, among others, has reportedly been concerned over Colombo's decision to sell 70% stake in the southern port to the State-run China Merchants Port Holdings for $1.12 billion, to service its outstanding debt to China. Maritime economy of the Indian Ocean region is to be a force for global economic growth in the coming years, it is essential that the waters remain peaceful, stable and secure. "We see the Indian Ocean as not just a water body, but a global stage for continued economic, social, and cultural dialogue." Sri Lanka's government side In the absence of an effective multilateral trade agreement for the Indian Ocean region, Sri Lanka decided to enter into bilateral agreements with the neighbouring littoral states. "This is the only option available. We already have Free Trade Agreements with India and Pakistan" . Assurance of not enter into military alliances with any country or make Sri Lankan bases available to foreign countries. . Sri Lanka will continue military cooperation such as training, supply of equipment and taking part in joint exercises with friendly countries Pacts with India, China . Sri Lanka is currently negotiating the Economic and Technological Cooperation agreement with India, and an FTA with China.
UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.