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20 FEB- Current Affairs (GS-2)
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Part 2

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Ashish Malik
Verified UPSC Educator@Unacademy Plus, Writer, Poet, Alignment Design engineer, Motivational speaker, YouTuber, Blogger, Counsellor

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  1. DELHI EDITION TIEHINDU 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 II 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)


  2. My Referral Code- AshishMalik-8996 About Me Lise this while subscribing and get amazing discounts on plus . . Civil Appeared in UPSC CSE Mains twice 5 years of preparation experience 2 years of Teaching experience Star. Verified and Plus Educator @Unacademy On Unacademy:- More than 1200 lessons and 1lakh 80 thousand lifetime views Subject expertise- Geography. History. Environment. Polity and Governance. Essay Writing. GS Answer Writing. Interview Guidance. Preparation Strategies. Test Series(MCQs) and International Relations UNACADEMY https:/lunacademy.com/userlAshishMalik-8996 Google Search "Ashish Malik Unacademy


  3. GS PAPER 2


  4. 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


  5. 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


  6. 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.


  7. Quiz Time o Q. Which of the following is/are true regarding National Electronics Policy) 2019? 1. It will Create eco-system for globally competitive ESDM sector o 2. Special thrust on Fabless Chip Design Industry and Medical Electronic Devices Industry o 3. Promote trusted electronics value chain initiatives to improve national cyber security profile. o Code: A. 1 and 3 8. 2 and3 C. 1 and2 D. 1, 2 and 3


  8. Quiz Time o Q. As per the National Electronics Policy 2019, ESDM stands for: Electronics System Development and Maintenance B. Electrical Signal Development and Maintenance C. A. Electrical System Development and Maintenance D. Electronics signal Development and Maintenance


  9. 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


  10. what are the differences between ordinance, bill, Law and act? o A bill is essentially a proposal to make a news la, Ordinarily, it is in the form of a document that outlines what the proposed Laus is to be AND ushat the policy behind such a Law is. o The bill is presented to the legislature (lass making body) where it will be debated on, alterations made (if necessary) and voted on. If the majority of the house of the legislature (or houses, where there is more than one house) vote in favour of such a bill to be made into Law the bill is said to have been 'passed in the house/houses'. o [In India, there are two tier of legislatures - the Union legislature and State legislatures. The Union legislature, knouwn as the Parliament, is authorised to make Laws for the whole of India (or a part of it), as long as the subject is within their power to make Lauws, which is listed in the Union List of the 7th Schedule. The State legislatures are also empowered to make Lauos for the state concerned, as long as the subject is within their power to make Lauss, which is Listed in the State List of the 7th Schedule. Both the States and the Union are empowered to make Laws for subjects in the Concurrent List of the 7th Schedule.]


  11. If the Parliament passes a bill, it is sent to the President of India for his assent., If he assents to it, the bill becomes an Act. In case of the bill passed by the state legislature, it is sent to the Governor of the state concerned. If the governor assents to the bill, it becomes an Act for the state which passed it. [sometimes, the Governor of the state might reserve the bill for approval of the President. For example, bills that affect provisions of the Constitution relating to free movements of goods and people all over the country. Such a bill would be passed only if the President assents to it.J o Sometimes, the legislature of the Union (or the state concerned) is not in session and there is a need to make a legislation (Act) to deal with some contingency which cannot wait. In such cases, Ehe government sends a roposal to the President or Governor and if they approve of it, it ecomes an Ordinance. Legally, an ordinance is the equivalent of an Acty but is not passed by the Legislature. It is a temporary law till its expiry or till it is repealed or till it is approved by the legistature (after which it becomes an Act).


  12. 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


  13. 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 revieus is a power conferred on High Courts and Supreme Court where lauss, 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


  14. 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


  15. 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


  16. 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


  17. GS PAPER 3


  18. 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


  19. Other key Infrastructure Projects:- Operationalisation of the iglipur airport in the Andamans for ruhtnclteraf of e ft civilian aircra o Construction of a news airport in the Minicoy, Lakshadlweep Middle Strait Bridge on Andaman Trunk Road Projects identified for private sector participation- Eco-tourism on Smith island and Long island in the Andamans Tent city on Aves islan Tourism project at Kadmat, Minicoy and Suheli Cheriyakara in Lakshaduwseep.


  20. 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


  21. 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


  22. 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


  23. 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.


  24. 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


  25. 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.


  26. Quiz Time o Which of the following is/are eligible to claim INPUT CREDIT for tax? 1. manufacturer 2. supplier 3, agent 4. e-commerce operabotr o 5. aggregator o Code: A. 1,2,4 and 5 8. 1, 4 and s C. 1, 2 and 4 D. 1,2,3,4 and 5


  27. Cabinet approves Phase II of rooftop solar programme Provides for 40% central funding for installations up to 3kW o The Cabinet Committee on Economic Affairs on Wednesday approved PhaseII of the Grid Connected Rooftop Solar Programme that aims to achieve a cumulative capacity of 4o,000 MW from rooftop solar projects by 2022. o Phase 11 programme provides for central financial assistance (for residential rooftop solar installations) up to 40% for rooftop systems up to 3kW and 20% for those with a capacity of 3-10k The second phase will also focus on increasing the involvement of the distribution companies (DISCOM) In a separate decision, the Cabinet approved the launch of the Kisan Urja Suraksha Evam Utthaan Mahabhiyan aimed at providing financial and water security to farmers. .. Through the scheme, farmers will be given financial assistance to set up solar panels in their unused or fallow Land.


  28. Kisan Urja Suraksha evam Utthaan Mahabhiyan Proposed scheme consists of three components: o Component-A: 10,ooo MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants. o Componenb-8: Installation of 17.50 Lakh standalone Solar Powered Agriculture Pumps Component-C: Solarisation of 10 Lakh Grid-connected Solar Powered Agriculture Pumps, o All three components combined, the scheme aims to add a solar capacity of 26,750 MW by 2022. The total central financial support provided under the scheme would be Rs. 34,422 crore.


  29. Newsletter- 2o/o2/2019 with ASHISH MALIK