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DAILY NEWS ANALYSIS from THE HINDU 22nd September 2017 By Jatin Verma Educator Unacademy
News Articles 1. GS Mains-2: Rohingya are illegal immigrants: 2. GS Mains-3: Apex body demanded for Eastern Ghats. 3. GS Mains-3: FDI in textile industry tripled in three years: Minister of Textiles 4. GS Mains-2: MP Varun criticises salary hike for lawmakers 5. GS Mains-2: Pass Women's Reservation Bill in LS: MP Sonia Gandhi. 6. GS Mains-2: Congress loses leadership of panel on poll reforms 7. GS Ma e their income: PM 8. GS Mains-3: Leg-up for PM's pet housing project. 9. GS Mains-2: No role for India in Afghanistan: Abbasi 10. GS Mains-3: Plan soon to revive investment: Jaitley II. GS Mains-3: Rupee dips amid Fiscal stimulus speculation MHA ins-3: Co-ops.should help farmers doubl
Page-10: Leg-up for PM's pet housing project. [GS Mains-3: Economy- Schemes] People purchasing a low-end house from a private developer will be eligible for financial help under the 'Housing For All' policy Unveiling the new public-private partnership (PPP) for affordable housing, it will help in meeting the housing requirements for all targets. Risk assignment This policy seeks to assign risks among the government, developers, and financial institutions, to those who can manage them the best, besides leveraging under-utilised and unutilised private and public lands towards meeting the Housing for All target by 2022. . The policy gives eight PPP options for developers to invest in Details: The Centre is providing money to implementing agencies and urban local bodies through states to build nearly 20 million affordable houses for the urban poor in 4,025 cities by 2022
Eligibility Criteria: [i]EWS households should have an annual income of up to Rs 3 lakh and [ii]LIG households should have an annual income between Rs 3 lakh and Rs 6 lakh. [i] These households would be able to get benefits of affordable housing in partnership and individual house enhancement. [iii] Condition: Applicant should not have any other house or residential plot anywhere in the country [iijUnder MIG, two categories of MIG houses (MIG-I and MIG-l) will be constructed. The residents having the annual income of Rs 6 to Rs 12 lakh will be eligible for the MIG-1 houses while those having the annual income of Rs 12 lakh to Rs 18 lakh will be eligible for the MIG-Il category houses. Benefits: Eligible buyers can get Central assistance of about Rs. 2.50 lakh per house as interest subsidy on bank loans. And if they do not avail any loan, they can get upto Rs. 1.50 lakh.
Performance Analysis: Pradhan Mantri Awas Yojana (PMAY) or Housing For All has been moving at a rather sluggish pace. The Govt. was to construct 12 lakh houses under PMAY by 2017-18, but only 1.49 lakh houses have been constructed till last year I. Private participation in the project so far has been unsatisfactory, especially as certain elements of Pradhan Mantri Awas Yojana (Urban)_ including in-situ redevelopment of slums are completely dependent on private players.This has been a big area of concern for the government. 2. States' Co-operation lacking: The nod from the Centre for construction of affordable houses is dependent on the states sending a verified list of beneficiaries a count on which many states are not up to the mark. It is not known that how many houses have been constructed so far by various states. Remedial Steps Taken: The Prime Minister had recently asked states to do a weekly review of the action plan of the scheme and also fast-track the sanction of houses along with providing adequate budget in the background of the assessed demand in each state. . The Centre now seeks to construct 26 lakh houses in 2018-19, 26 lakh in 2019-20, 30 lakh in 2020-21 and 29.80 lakh in the 2021-22 period.
Page 12: No role for India in Afghanistan:Abbasi [GS Mains-2: International-S.Asia] Pakistan Prime Minister Shahid Khaqan Abbasi has said that there is no role for India in Afghanistan and Islamabad's ties with New Delhi could improve only if the "core issue" of Kashmir is resolved first. According to him, any role politically or militarily for India in Afghanistan will just complicate the situation and it will not resolve anything. So if India wants to do economic assistance, that's their prerogative MrAbbasi's remarks put Pakistan at odds with the new US strategy for South Asia announced by United States. Pakistan wants US to believe that the conflicts in Afghanistan and Kashmir are linked. Mr. Trump's policy appears to overlook Pakistan's flimsy argument. Mr.Abbasi said charges of Pakistan sheltering terrorists were untrue and the only cross-border movement of terrorists in the region was from Afghanistan to Pakistan, and not the other way around. India accused of aggression:The Pakistani leader accused India of aggression along the Line of Control in Jammu and Kashmir.
Pakistan:A failed State with Nuclear weapons is India's biggest threat. [GS Mains The Pakistani leader said his country's short-range nuclear weapons were developed in response to India's alleged doctrine of Cold Start but they are secure and safe. As far as tactical nuclear weapons are concerned, Pakistan does not have any fielded tactical nuclear weapon:s These are, acc. to him, in the same command-and-control authority that controls the other strategic weapons. Recently, US authorities have raised doubts about safety of Pakistan nukes. On ties with US The ties between Pakistan and US have been deteriorating more so after Donald Trump administration's decision to suspend the strategic dialogue between the two countries, Mr. Abbasi was defiant on the issue of American drone attacks on Pakistani soil. .Overly HopefulO Mr. Abbasi said Pakistan has been eager to get a nuclear deal from the U.S. similar to what India was given in 2006. In Brief: Cold Start is conceived as a plan to attack Pakistan within 48 hours of any major provocation or terror attack on leaders, institutions etc and linked to Islamabad, without risking a major nuclear war
Business Page 13: Plan soon to revive investment: FM IGS Mains-3: Economy-Fiscal Policy] The Finance Minister, who is expected to brief Prime Minister on the options available for revitalising the economy's growth momentum, conceded that 'there is a problem' of private investment. What FM said- In Points: [i] Among the sectors currently excluded from GST, Real estate could be brought under The Minister's comment suggests that the inclusion of other products currently outside [i] The Minister said the government never had any reservations about privatisation and [lii] He said, he was 'personally in favour of' a Universal Basic Income. the new indirect tax regime 'most easily'. GST's purview, such as petroleum and alcohol, would take more time had an ambitious target for disinvestrment this year.
Petroleum Minister had recently said his Ministry had proposed bringing petroleum products under the purview of GST in 'consumer interest' to ensure a uniform tax mechanism, instead of the current dispensation where States levy a value-added tax (VAT) and the Centre levies excise duty evan as 42% of this excise duty goes to States. Business Page 13: Rupee dips amid Fiscal stimulus speculation. [GS Mains-3: Economy- Rupee Appreciation- Understanding ] The Rupee weakened by more than 50 paise, or 0.8%, against the dollar amid growing speculation that the Centre was considering a fiscal stimulus package to rekindle economic growtha move that could widen the fiscal deficit and possibly risk fanning inflation. The rupee ended at a two-and-a-half month low, at 64.81 a dollar. . The Federal Reserve's decision to start unwinding its balance sheet starting October and signals that it would raise U.S. interest rates one more time this year also lifted the dollar globally. . A fiscal stimulus could result in the government likely missing this year's fiscal deficit target of 3.2% of GDP
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