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1st September 2017 Part-1: Daily News Analysis (in Hindi)
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GDP decline

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.

U
Unacademy user
Thank u sir, I salute u for ur approach towards the education improvement in digital platform by unacadamy.
A gentle correction suggested- The defective satellite of IRNSS consellation was 1A due to rubidium clocks failure and not 1G.
No. it is satellite G.
No. it is satellite G.
Jatin Verma
2 years ago
you are right it was iA... Thanks for correction.
Jadav Srikanth
2 years ago
With the failure of all three clocks – one primary and two backups – onboard IRNSS 1A, Kumar has said a replacement satellite, 1H, will be launched in the second half of 2017....Report @The Hindu
RAMESH KUMAR
2 years ago
Thank you Shruti & Jatin sir... I was also confused...
Thanks Shruti
Jatin sir jaise kahi website par update news hoti hai so shud i write them in notebook or make a soft copy. Making hard copy is very time consuming. Plz suggest. Which is best.
Naveen Giri
2 years ago
I also want to ask that
Ruchi Gupta
2 years ago
Jatin sir plz reply. Waiting for your answer.
Mohit mathur
2 years ago
guys take screenshot n made a PDF format
Mohit mathur
2 years ago
many software available on playstore
Ashish jadaun
2 years ago
Quip app is useful
sir can you tell me what is the exact rate on luxury cars has been levied under GST?
Jatin Verma
2 years ago
28% plus only 0.5% cess as of now.
Maya Singh
2 years ago
it was increased yesterday nah..m also a bit confused in this regard as the hindu said increased by 15%..kindly help
thank you sir.
Jatin Verma
2 years ago
AS OF NOW cess is 0.5% only. GST council will approve it next week. Then it will become 28%GST and additional 15% cess.
sir am not very sure but i think it has been raised 10% more means 25% cess.
make me sure if am true or not. thank you sir
Maya Singh
2 years ago
yeah i missed out on the approval part..thank u so much :)
Aneesh Menon
2 years ago
According to me I think the current cess is as follows- 1) Small cars- 28%+cess(1-3%) 2) Luxury cars-28%+ cess(15%) GST council after Sept 9 meeting- Luxury cars(SUV's) to be increased from current 15% to 25% .
thanks
Sc
Sourav chauhan
2 years ago
At present cess on luxury cars is 15 % nd now cabinet has approved to raise it to 25% nd finally decision is with gst council to approve it
means total 53%.
Sc
Sourav chauhan
2 years ago
If i'm not wrong this 25% will be levied on 28% tax so it is like tax on tax
no 28% will be the tax and extra 25% will be the cess
Divyanshu Nigam
2 years ago
Its 25% on 28% ie. tax on tax. Cess is always applied on the Tax. It is imparactical to impose 53% tax! Noone will buy!!
tax on tax will result cascading effect and one of the aim of gst is to remove cascading and its all about luxury cars like mercedez an all..as our FM has said if a person can afford car of 1 crore then he/she can also afford car of 1.02 crore after tax. it will be total 53% on luxury cars so that there can be progressive taxation. thanks
Nushra Jawed
2 years ago
Thank you Sir....
Divyanshu Nigam
2 years ago
@Shikha please get your tax concepts brushed up :)
ok sure thanks
plz read livemint 31august..and if m in any confusion plz do correct me..thnks
and I know that cesses and surcharges are levied on tax. but is it necessary that it will always be levied on tax. then livemint has written that taking total it will be 53%
why?
sir aapne pib analysis band kar dia h kya
Sachin Aazad
2 years ago
u can follow amit baghel for pib
Jyoti Gupta
2 years ago
thanku so much
Sachin Aazad
2 years ago
welcome....
Jyoti Gupta
2 years ago
i have seen the course but he has not continued lessons
Jyoti Gupta
2 years ago
it's up to 29 aug only
Jyoti Gupta
2 years ago
September one is missing
Sachin Aazad
2 years ago
wo thoda late upload krte hai.....but tab tak 29 tk cover kro.... ek do din me baki bhi upload ho jayega
Jyoti Gupta
2 years ago
ohh ok thanks
Sachin Aazad
2 years ago
welcome
Sarwan Singh
2 years ago
khushboo singh also provide lesson on pib
Sir daily mcq close krdiya? 19th k badd koyi update nhi h
Jatin Verma
2 years ago
aaj se start hoga:)
Sudipto Bisai
2 years ago
Thnkyou sir :) Now i can breath ! Desperately want daily mcq dose :)
he is right...whatever loss if somebody suffer from 19th to till date in current affairs through MCQs, PIB etc... He is not obliged for it.. neither Unacademy.. as somebody made the course and dumb it on another...and courses are like football.. today i can't play.. so soorry guys..
  1. DAILY NEWS ANALYSIS from THE HINDU IST September, 2017 By JATIN VERMA Educator Unacademy


  2. News Articles to be discussed Today l. GDP growth slips to 5.7% in April-June 2.39 successes later, PSLV launch fails 3. Medical boards proposed to hear abortion pleas' 4. Parents are behind child marriages, says SC 5. Nationwide programme to test all TB patients 6.'Indian elephant getting bigger' [G.S.-2: India-Australia Relations] 7. India thanks Switzerland for support in global fora 8. Ranil defends Hambantota deal 9. Low base in sectors including steel, electricity spur uptick l0.Telecom sector: Panel for providing relief. [Public Sector Versus Private Sector Debate]


  3. Page-l: GDP growth lips to 5.7% in April-June . India's GDP grew at 5.7% between April to June this year-the slowest pace recorded in 13 quarters or since the NDA government assumed office in May 2014. GDP growth between Jan.I and March 31 2017 was 6.1%, marking a steady decline from the 7.9% clocked in theApriltojune quarter. Of 2016-17 The gross value added (GVA) in the economy grew at 5.6%, same as the previous quarter but sharply lower than the 7.6% growth in the first quarter of the last year. This is the sixth continuous quarter marking a decline in growth. Reasons for decline: The principal decline is on account of industry, which grew at 1.6% compared to 7.4% last year. A sharp decline in industrial activity that officials ascribed largely to an inventory drawdown by firms ahead of the rollout of GST from July I Mining activity also shrank by 0.7%, compared to a 6.4% growth last quarter


  4. *Trend Analysis across sectors: Service Sector:- While the services sector did fairly well, growing at 87% compared to 9% in the same quarter last year. Agriculture: The Gross Value Added by the agriculture sector dipped from 2.5% in the first quarter of last year to 2.3%. Even though the crop production side has seen an increase compared to last year, Overall agriculture is marginally lower because of the other elements of agriculture, which is principally animal husbandry. Ecosystem Factors: [Favourable/Unfavourable to Growth] Gross fixed capital formation, which reflect the 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 Pre-GST Hiccups: Manufacturing appears to have gone down due to the GST impact on destocking. With GST implemented, the curve could turn for the better. Demonetisation: Governemnt says Slowdown in the economy had begun in the second quarter of last year itself, so one can't link it to the impact of demonetisation.


  5. Rise in input costs: Large part of this dip was due to a rise in input costs. De-Stocking: 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. What is GVA Gross value added (GVA) is defined as the value of output less the value of intermediate consumption GVA =Value of Output-Value of intermediate consumption Value added represents the contribution of labour and capital to the production process GVA at factor cost includes no taxes and excludes no subsidies and GDP at market prices include both production and product taxes and excludes both production and product subsidies. GVA at Factor Cost = GVA at basic prices = GVA at factor cost + (Production taxes less GDP at market prices = GVA at basic prices + Product taxes-Product subsidies


  6. Page-1:39 successes later, PSLV launch fails . PSLV-C39 mission carrying the replacement navigation satellite IRNSS-I H failed. 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. Reason:The spacecraft was stuck in the heat shield in the last and fourth stage; it did not e into space as planned. Repercussions: 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.


  7. Page-7:"Medical boards proposed to hear abortion pleas, [GSM-2, 3 & 4-Ethics] Issue: Medical Termination of Pregnancy Act, 1971 bars abortion of foetus post 20 weeks period but in certain cases, foetus develops abnormalities post 20-weeks period. Due to non-availability of any institutional mechanism,Women intending to abort the foetus have no option except to proceed through regular Courts, which is time consuming and it further aggravates the problem with the passage of time. Probable Solution: Permanent Medical Boards A Suggestion by Supreme Court Therefore, the Centre 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. . Therefore, after writing to States & U.Ts, the Centre now stands in compliance with the court's suggestion, during the recent hearing of a separate case of a 10-year-old pregnant rape survivor, set up permanent medical boards. Article 245 of Constitution State List: Entry 6: Public health and sanitation; hospitals and dispensaries


  8. Question. In the light of increasing instances of foetus abnormalities being witnessed by pregnant women, consider the case for amending the Medical lermination of Pregnancy act, 1971 removing the cap of 20 weeks.Also identify the related policy dilemmas involved. Answer. Arguments in Favour: Her Body, her life-Article 21- also includes right to self determination but then what about Foetus' life- S.C. has held that foetus has a Right to Life -Also, the State also has an interest in her body- because she being a citizen of India, the State is duty bound to protect her body and hence the MTP Act 1971. Arguments against: It might lead to an increase in sex selective abortions!


  9. Page-7: Pare nts are behind child marriages, says SC GSM-l &2: Social Issues & Polity] Issue: Exception 2 to Section 375: The Bench is hearing a petition filed by NGO Independent Thought challenging the Exception 2 to Section 375 (rape) of the Indian Penal Code, which permits "intrusive sexual intercourse with a girl child aged between 15 and 18 only on the ground that she is married. Exception 2 still retains the age of consent for Sexual intercourse as 15 years, due to which there is a huge gap of three years in the age of consent for a married girl child and an unmarried girl As a matter of Fact: There are 23 million child brides in India, and there have hardly been over six convictions under the anti-child marriage law. -NGO also cited the Fourth National Family Health Survey of 2015-16,and said there were 26.8% of brides in the country who were married below the age of 18. S.Cs discomfiture: The Supreme Court said it was unfortunate that parents drive their minor children into marriage. It is a hard reality and is unfortunate that most of the child marriages happening in the country are done by parents of the girl child. . When exception becomes the excuse to escape the law: However, to this, there are odd exceptions when a minor boy and girl fall in love and marry on their own


  10. Broad arguments of NGO put before SC bench: The NGO said the statutory exception to rape was violative of: -Right to life & Personal liberty [Article 21] -Equality [Article-14] [a] NGO argued that law violates the health of not only the girl child concerned, but also generations to come. [b] Guardian Factor: the State does not protect the girl child and has to be represented by her parents if she wants to make a complaint before a court of law or the police. Conflict between Laws: Perceived or Real: Pocsovs. Criminal Law (Amendment) Act of 2013 The Exception is part of the Criminal Law (Amendment) Act of 2013 and is contrary to the anti- child sex abuse law, Protection of Children from Sexual Offences Act of 2012 (POCSO). The court can strike down the exception like it did recently in the practice of triple talaq among Muslims for being arbitrary and discriminatory. Laws Vs. Society: Is it the right time for Law to take on Society My viewpoint: Why should Real culprits go scot-free: Parents should be held responsible by amending the Child Marriage Act But then Pandora's Box- Khap Panchayats- Societal Ostracisation of those falling in Love


  11. Social issues discussed in August I. Dowry and harassment by in-laws [Section 498A] 2. Marital Rape [Section 375 and 376] 3. Child Marriage and Protection of Children from Sexual Offences Act, 2012 4. Child Marriage Act and Parents' role


  12. . Statistics Even as India tops the world in the number of tuberculosis cases, the WHO 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 tuberculosis and about 900,000 were confirmed to be ailing from it. Nearly 3% of new TB 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.


  13. Page-10: India thanks Switzerland for support in global fora Swiss President is on a visit to India Joint Statement: I. Black money concerns: Transparency in financial transactions is an issue of worry to stop black money, hawala transactions and fund for terrorism. India's cooperation continues with the Swiss to ensure automatic sharing of information. Both the countries have accepted automatic exchange of information on financial issues. Hopefully, Swiss Parliament will pass it by the end of the year. Both the countries hope that the first exchange of information can begin by 2019 2.Agreement on Railways: Both sides also signed two major agreements on railways. The Joint statement also recognised that Switzerland has supported India's continued quest for membership in the Australia Group and the Wassenaar Arrangement. India became an MTCR member last year and made a serious bid for NSG membership. In both the initiatives, Switzerland supported India. Prime Minister sought greater cooperation to ensure bilateral financial transparency & sought greater cooperation with Switzerland within the framework of India-EU cooperation . Mr. Modi visited Switzerland last year in the run-up to the plenary session of NSG and urged closer continued cooperation in this sphere


  14. e Pacts with India, China Sri Lanka is currently negotiating the Economic and Technological Cooperation agreement with India, and an FTA with China. India's External Affairs Minister underscored the need for enhanced economic and security cooperation in the Indian Ocean Region 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. She said if the revitalised 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. India looks at the Indian Ocean as not just a water body, but a global stage for continued economic, social, and cultural dialogue.


  15. Business Page-13: Low base in sectors including steel, electricity spur uptick Core sector output grew 2.4% year-on-year in July The modest uptick in core sector growth in July 2017 relative to June was driven by a favourable base effect for steel, cement, fertilizers and electricity in July 2017, namely. refinery products, crude oil, cement and fertilisers. The Production Performance of eight core industries-which comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP)-in July 2017 was faster than June's 0.8%, but slower than the 31 % pace recorded in July 201 6. cumulative growth during April-July, 201 7-18, was 2.5%. Signs of"Inventory rebuilding, . Electricity generation registered a 5.4% growth in July 2017 from 2.2% in June 2017 and 2 1% in July 2016. Besides a favourable base effect, this also reflected a slight improvement in industrial demand following the introduction of the GST regime. Coal production grew by just 0.7% in July.


  16. Business Page:Telecomsector:Panel forproviding relief [Public Sector Versus Private Sector Debate] The Inter-Ministerial Group (IMG), formed to look into the financial woes of the teleconm sector submitted its report after over three months of deliberations. It is learnt that the IMG, in its report which had not been made public, had made some suggestions for providing relief to the sector while pointing out that "green shoots" of recovery were visible in the sector. . Telecom Commission The report, which was finalised after discussions with stakeholders, including banks and telecom firms, would now be placed before the Telecom Commission, which was the highest decision making body in the Department of Telecom One of the recommendations made by the IMG is to extend the timeline for deferred spectrum payment by telecom companies to 16 years instead of the 10 at present. The Telecom Commission's next meeting is scheduled to be held on September 8 and is likely to take up the IMG report.