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DELHI EDITION TIEHINDU EIIINDU THE HINDU Daily News Letter-20/02/2019 GS-1 Paper Page 18 New Universe map unveils 3,00,000 more galaxies GS-2 Paper Page 1 Cabinet approves new National Electronics Policy Page 10 Triple talaq ordinance to be reissued Page 11 Fiji to maintain China-India balance GS-3 Paper Page 7 7 islands in Andamans, Lakshadweep identified for seaplane operations Page 13 New angel tax rules provide relief to eligible startups GST Council to discuss realty rates Cabinet approves Phase Il of rooftop solar programme Editorials and Oped (Page 8 and 9) Interim bailout (GS-3) Clean power (GS-3) The Saudi-India-Pakistan triangle (GS-2)
Newsletter- 2o/o2/2019 with ASHISH MALIK
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GS PAPER 1
New Universe map unveils 3,00,o00 more galaxies Astronomers use LOFAR telescope to chart the night sky Can detect light sources optical instruments cannot see. More than 200 astronomers from 18 countries were involved in the study Researchers used radio astronomy to Look at a segment of sky over the northern hemisphere, and found 3,0o,ooo previously unseen Light sources thought to be distant galaxies The map created by the LOFAR observations contains data equivalent to the capacity of ten million DVDs yet charts just two percent of the sky Radio astronomy allows scientists to detect radiation produced when massive celestial objects interact (LOFAR) telescope to pick up traces or Jets"- of ancient radiation produced when galaxies merge With radio observations we can detect radiation from the tenuous medium that exists between galaxies"
LOFAR(Low Frequency Array) o It is a large radio telescope network Located mainly in the Netherlands, completed in'2012 by ASTRON, the Netherlands Institute for Radio Astronomy and its international partners, and operated by ASTRON's radio observatory, of the Netherlands Organisation for Scientific Research. LOFAR consists of a vast array of omnidirectional antennas using a new concept in which "the signals from the separate antennas are not combined in real time as they are in most array antennas. The electronic signals from the antennas are digitized, transported to a central digital processor, and combined in software to emulate a conventional antenna
The project is based on an interferometric array of radio telescopes using about 20,000 small antennas concentrated in at Least 4 stations, s Forty ot these stations are distributed across the Netherlands and were funded by ASTRON. The five stations in Germany, and one each in Great Britain, France, Sweden and Ireland, were funded by these countries - The data processing is performed by a Blue Gene/P supercomputer situated'in the Netherlands at the Universi of Groningen. LOFAR is also a technology precursor for the Square Kilometre Arrasy
Quiz Time . Choose the incorrect statement(s): 1, Radio astronomy allows scientists to detect radiation produced when massive celestial objects interact. 2, with radio observations we can detect radiation from the tenuous medium that exists between galaxies o Code: A. 1 only B. 2only C. Both D. None
Quiz Time o Q Consider these statements about LOFAR: t is a Large radio telescope netsork Located mainly in the France t is a High Frequency Array o Which of the above is/are correct? A. 1 only B. 2 only C. Both D. None
GS PAPER 2
Cabinet approves new National Electronics Policy > Aim is to achieve turnover of 726 lakh crore for design and manufacturing sector by 2026 , while generating employment opportunities for one crore people. o The policy will enable flow of investment and technology, leading to higher value adcition in the domestically manufactured electronic products and increased manufacturing of electronics harduware for local use as well as exports o The policy has introduced "easier to implement" incentive schemes, including an interest subvention scheme and credit default guarantee, to replace some of the existing ones under the National Electronics Policy 2012. It proposes to provide interest subsidy of 4% on loans up to 1,000 crore on Lant and machinery in case of larger loans, the subsidy would be limited 1,0 crore
The government proposes to create a fund to provide default guarantee of up to 5% to banks for plant and machine loans of up to?loo crore. This will eliminate the need for small and neuw investors to provide Ehird party collaterat.. the scheme will be on the attern of credit guarantee being provided by SIDBI for the ME sector 9 To help create an ecosystem, the policy has pitched for 2.o version of the Electronics Manufacturing Cluster Scheme, under which infrastructure support will be provided for a group of industries that are part of the product supply chain rather than individual industries
Provide incentives and support for significantly enhancing availability of skilled manpower, including re skilling. a) Special, thrust on Fabless Chip Design Industry Medical Electronic Devices Industry, Automotive Electronics Industry and Power Electronics for Mobility and Strategic Electronics Industry Create Sovereign Patent Fund (SPF) to promote the development and acquisition of IPs in ESDM sector. o Promote trusted electronics value chain initiatives to improve national cyber security profile.
Triple talaq ordinance to be reissued o The Union Cabinet on Tuesday gave its approval to reissue the triple talaq ordinance that makes the practice of talaqre-biddat or instant triple talag by Muslim men a criminal of fence with a jail term. o The government adopted the ordinance route after the Bill lapsed failing to get passed'in the Rajya Sabha in the recently concluded feten tof ear coame tx Bke recenty session of Parliament s The ordinance will become lauw once President Ram Nath Kovind signs it. o The Cabinet also gave its approval to an ordinance to plug loopholes of in the corporate governance framework and improve the ease doing business
o Anything that has the power to confer legal rights, obligations, Liabilities, etc are laws. They could be: 1) Provisions of all valid Acts, passed by the legistature 2) Acts and, codes from pre-independence India and still in force 3) Ordinances passed by a Governor of a state or the President of India 5) Decisions of the High Courts within their jurisdiction 6) Decisions of Supreme Court for all of India 7) Authorised orders, notices, rules, etc made by government bodies 8) Customary codes that have the force of lauw and are not against public policy 3 PS: If any of these laws is struck down by a Court in India, which has the power of judicial review, it ceases to be a Laus within the jurisdiction of that court. o LA judicial review is a power conferred on High Courts and Supreme Court where laws, executive actions or even judgements of loser courts are examined to test their validityJ
Quiz Time Q. Choose the correct statement: 1. Ordinance document that outlines what the proposed laus is to be and what the policy behind such a Law is. 2. Both the States and the Union are empowered to make laws for subjects in the Concurrent List of the 7th Schedule. 3. A Judicial review is a power conferred on High Courts and Supreme Court where laws, executive actions or even judgements of lower courts are examined to test their vaticlity o Code: A. 1 and 3 8. 1 and 2 C. 2 and 3 D. 12 and 3
Fiji to maintain China-India balance Both India and China are important partners of iji Its High Commissioner to India, Yogesh Punja said that politically Fiji was more attached to India of the 9,00,000 people of the south Pacific island nation, some 40% are of Indian origin. In an indirect reference to China's debt diplomacy, which faces criticism for entrapping smaller powers in prolonged debt burdens, the Higk Commissioner id: "The Chinese experience in the Pacific is wsell known... We have learnb from what we have seen. We are using Chinese Loans for our infrastructure development.. . Ibut] the government is functioning with the agenda that we do not throw the baby out with the bathwater. o Both India and Fiji signed a defence agreement in 2017 with a goal to deepen cooperation in maritime security and provide training for Fiji troops. o MoUs will be signed on sugar industry, agriculture and tourism sector
Taiwan Mariana is. Hawai Philippines MICRONESIA Caroline ls. Marshall Is. Palau POLYNESIA Kiribati Bismarck Arch. New Guinea Solomon Is. Tuvalu Tokelau Marquesas Is. Tuamotu Arch. Mangareva Samoa ELANESIA anta Crua Vanuatu Cook Is. Society Is. Fiji Australia New Caledonia Tonga Austral Is. Easter Island Kermadec Is. Norfolk Is New Zealand
Quiz Time G. Fiji has been in the news once again. Which of the following statement(s) is/are correct about Fijt: o 1. It is an island country in Micronesia, part of Oceania in the South Pacific Ocean 2. Its main sources of foreign exchange are its tourist indlustry and sugar exports 3. The majority of Fijit's istands formed through Tectonic activity Code: A. 2 only B. 1 and 2 C. 2 and 3 D. 3 only
7 islands in Andamans, Lakshaduweep identified for seaplane operations Bids invited for private sector participation in tourism based projects o four istands in the Andamans respectively Susarajduseep, Saheedduweep, Hutbay, Long island and three in Lakshaduseep respectively Kavaratti, Agatti and Minicoy have been identified for seaplane operation
Quiz Time o Q. Arrange these islands from south to north: o 1. Shaheed o 2. Swaraj s 3. Netaji Subhash Chandra Bose Code: A. 3-2-1 C. 1-3-2 D. 2-3-1
Coco Channel Narcondam Intervlew Sound I Middle Andaman Bengal Barren L NH4 Outram L Soirth Havelock Island (Swaraj Dweep) Ross Island (Netaji Subhash Chandra Bose Island) PORT BLAIR Rutiand l North Neil Island (Shaheed Dweep) sland Duncan Passage Little Andaman Andaa Ton Dogree Ch Car Nicobar I Chowra L Camortal. NancowryL Katchal INDIA r Chasn Little Nicobar Great Nicobor I and hland Indira Point Great Channe
New angel tax rules provide relief to eligible start- ups Centre's notification exempts investments up to 25 crore in eligible firms and funding by nonresident Indians o Angel tax is applicable to unlisted companies that have raised capital through sale of shares at a value above their fair market value. s This excess capital is treated as income and taxed accordingly o This tax predominantly affects startups and the angel investments they attract. o According to Tuesday's notification, investments of up to 25 crore in an eligible company sill be exempt from the angel tax 1n addition, investments made by a Listed company of a net worth of at least 1oo crore or a turnover of at least also be exempt 50 crore would also be exe mpt. Investments made by non residents will s An eligible startup would be one that is registered with the government, has been in corporated for less than 10 years, and has a turnover that has not exceeded that period. 100 crore over
This clarification would help in avoiding potentially significant tax challenges faced by startups o In order to register with the government as a startup, the company will also have to make an ontine application to the bepartment for Promotion of Industry and Internaltrade(DPIIT) This application will have to be accompanied by a copy of the Certificate of Incorporation or Registration, a writeup about the nature of the business highlighting hous it is working towards "innovation,development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation. The startup will also have to attest to the fact that it has not invested in any Land that is not being used in its ordinary course of business, any vehicle over the value of k10 Lakh, any jewellery, among other things.
GST Council to discuss realty rates o Meeting will be held to discuss key issues such as the possible reduction of rates on the real estate sector, and ways to increase tax collections This will be the last meeting of the Council before the general elections, since the model code of conduct will come into force soon o GST Council, in December, had created a Group of Ministers to look into the applicability of GST rates on under construction properties One of the options reportedly recommended by the GoM was to reduce the tax rate on the sale of such properties to 5% without input tax credits (ITC from the current 12% with ITC. o Tax experts feel that removing ITC for the real estate sector would be a big blow to the structure of GST since it would open the doorway for other sec- tors to ask for similar treatment, whereas the backbone of GST is built on the provision of ITC
INPUT TAX CREDIT o Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs o say, you are a manufacturen tax payable on output (FINAL PRODUCT) is Rs 450 tax paid on input (PURCHASES) is Rs 300 You can claim INPUT CREDIT of Rs 300 and you onty need to deposit Rs 150o in taxes .) Input Credit in GST o Input Credit Mechanism is available to you when you are covered under the GST Act.Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.