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Daily News Analysis 23rd February 2019 Daily News Analysis from - The Hindu - Indian Express - Tol, Livemint Presented by Jatin Verma
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Important News Articles (Taking Delhi/Noida edition as the base Page 1 Olympic dream under threat as visa is denied to 2 Pak. shooters Page 1 Terror monitor keeps Pak. on grey list, seeks action Page 1 Ensure safety of Kashmiris, orders SC Page 1 Home Ministry puts Assam Rifles notification on hold Page Travel on a jet plane, using a little cooking oil Page 7 India, Russia close to inking multi-billion agreement for AK-103 assault rifles Page 7 : Govt. not holding up appointments: CJI Page 7: BEML in talks for small plane project Page 7 : Railways plan to issue linked PNRs Page 10 J&K wants Pak. undertrials out Page 10 UGC issues advisory to universities Page 10 Jaitley rakes up 2016 surgical strikes Page 10 : Centre lists projects to stop flow of India's share of water to Pak. Page 11 : Labour Bureau files MUDRA job report
Important News Articles (Taking Delhi/Noida edition as the base) Page Modi gets Seoul Peace Prize for fostering global links Page 1 Hopes dim for solving Naga issue before polls Page 12 Saudi Arabia, China cement ties during Crown Prince's visit Page 13 Relief for start-ups with tax notice Page 13 : Time for independent debt management office Page 13: Joint effort vital for SG roll-out Page 13 : RBI bundles NBFCs into one category Page 13 : India to have own DNS for safe browsing
Page 13: Relief for start-ups with tax notice About 300 start-ups which had received tax payment orders due to issues related to angel tax may soon get relief, as the CBDT has asked industry representatives to submit the names and PAN details of all the affected start-ups. Though the government, earlier this week notified the new rules pertaining to angel tax that exempted registered start-ups of a specified size from the tax, and any scrutiny to do with its applicability, it did not address the issues of start-ups that had already received assessment orders. Exemption certificates We have requested the CBDT to consider issuing exemption certificates to start-ups having a demand order/in appeal, chairman of LocalCircles, who was part of the meeting He added that the CBDT had requested them for the PAN details and names of all start-ups having orders and Local Circles, along with industry think-tank iSPIRT, would submit the same early next week. He added that industry representatives have recommended that, In case, the demand has been levied against Section 56 (2) (vii-b) and the start-up has furnished its Startup India exemption certificate, it should be deemed as satisfactory explanation as long as it is within the limits stated in the DPIIT notification In case the demand had been levied against Section 68 of the I-T Act and the start-up had furnished the details of the investors together with the PAN of the investor and its Startup India exemption certificate, it should be deemed as satisfactory explanation.
Page 13: Time for independent debt management office NITI Aayog vice chairman Rajiv Kumar made a strong case for setting up of an independent debt management office outside the purview of Reserve Bank of India, saying it was an idea whose time has come The idea of a Public Debt Management Agency (PDMA) was proposed by Finance Minister Arun Jaitley in his February 2015 Budget speech, though it has not yet been implemented. It is important for this particular office to be separate, because then you can pay much moreat public debt management. That will help the government bring down cost of its debt, Mr. Kumar said. At present, the government debt, including market borrowing, is managed by the Reserve Bank of India The government has to decide how to segregate different functions of the RBI, Mr. Kumar said.
Arguments for PDMA ' If debt management is with RBI, there will be conflict of interest. RBI has to reduce the cost of govt. debt (lower interest rate) and also manage inflation levels (higher interest rates) Arguments against PDMA/ Challenges RBI has been able to manage the debt management in a transparent and efficient manner. RBI is already prohibited from interfering in the primary market according to the FRBM act, and the govt. bonds are solely auction driven. So, a separate agency is not needed. Other countries like UK, had also reverted to assigning the debt management activity to Central Banks, after forming similar separate agencies Challenge of Mutual coordination: between RBI and PDMA RBI also manages states' debts and the PDMA is not very clear on what happens to that function. PDMA under central government have implication for federal structure of India. 1. 2. 3. 4. 5. It might not turn out to be a move to loosen the noose of RBI on Governement reckless borrowing.
Page 13 : Joint effort vital for 5G roll-out A combined effort by industry players and regulators will be essential for timely roll-out of 5G services in India, as per a white paper on Enabling 5G in India by TRAI There should not be any regulatory or licensing barrier on the path of adoption of newer and better technologies; rather, regulation and licensing framework should be an enabler in fostering newer technologies, the white paper said The Centre is aiming to launch 5G in India by 2020. It is expected that the cumulative economic impact of next generation technology would be about $1 trillion by 2035 5G, the white paper said, would enable new capabilities and use cases, which were set to impact not only consumer services but also many industries. With the range of 5G use cases across industry verticals requiring different characteristics, for example, low latency and high reliability application for robotics in manufacturing and automotive sectors; high data throughput requirements for augmented reality use cases, it said. Combined efforts of industry players and regulators to align on various related aspects will be essential for timely roll-out of the services, it said. It added that operators with existing 4G footprints would be able to leverage their 4G infrastructure for providing 5G services and hence, their investment requirement would be relatively lower
Page 13 : RBI bundles NBFCs into one category To provide greater operational flexibility to non-banking lenders, the Reserve Bank created a single category for them by bundling their present three-tier structure The central bank also decided that exposures to all NBFCs, excluding core investment companies, would be risk weighted as per credit ratings To provide NBFCs with greater operational flexibility, harmonisation of different categories of NBFCs into fewer ones shall be carried out based on the principle of regulation by activity rather than regulation by entity. Asset finance, loan, and investment companies have been merged into a new category called NBFC Investment and Credit Companies
Page 13 : India to have own DNS for safe browsing The government will soon roll out a public Domain Name Server, or DNS, for India aimed at providing a faster and more secure browsing experience for Internet users in the country, while ensuring that citizens data is stored locally A DNS is a like a directory for the Internet. It helps to convert domain names that are easy for people to remember into IP addresses, which are used by computers/machines to communicate. If the DNS is either slow or fails to work, users will not be able to locate web addresses The main aim of bringing our own public DNS is to ensure availability, particularly for smaller Interest Service Providers (ISPs) who don't have credible DNS. Bigger ones usually have their own DNS, an IT Ministry official said Pointing out that there were other open DNS servers, including Google Public DNS, the official said the government's system would prevent users from visiting malicious websites The roll-out, which will be executed by the National Informatics Centre the technology arm of the government will be completed in the next four to six months. NIC is already using the public DNS within the government network. Mechanism in place Asked if the move would enable the government to block content or help in surveillance, the official said, If the government wants to block a website, we have a mechanism in place. We can send a list to the ISPs for reasons such as child porn or fake news, and they have to comply with the order. If you use any public DNS, they access and use all your data. It is not that users will compulsorily need to shift to India public DNS. A user is free to choose any DNS, the official said, adding that with the government's public DNS, Indian users' data would be stored within the country
Page 1: Terror monitor keeps Pak. on grey list, seeks action Condemning the Pulwama attack, the Financial Action Task Force (FATF), issued a stern statement to Pakistan to comply with an action plan on terror financing or face further action The week-long deliberations of the 37-member group decided not to remove Pakistan from the grey list, as Islamabad had lobbied for, but also did not accept an Indian demand to move Pakistan to the black list yet The grey-listing continued despite a last-minute decision by the Pakistan government to put the Jamaat- ud Dawa (JuD) and the Falah-e Insaniat Foundation (FIF), two offshoots of the Hafiz Saeed-led Lashkar e-Taiba on its schedule-1 list of banned organisations. The FATF criticised Pakistan for not demonstrating a proper understanding of the terror financing risks posed by Da'esh (Islamic State), al Qaeda, Jamaat-ud Dawa, Falah-e-Insaniat Foundation, Lashkar-e- Taiba, Jaish-e-Mohammad, Haqqani Network, and persons affiliated with the Taliban e body told the Pakistani government to show that remedial actions and sanctions are applied as well as demonstrating that its authorities were taking action on illegal money or value transfer services to these groups Pakistan was put on the grey list or watch list of the FATF in June 2018 after a proposal moved by the Germany and France was passed. In its public statement that did not name any countries or groups, President of the body said the group notes with grave concern and condemns the violent terrorist attack last week that killed at least 40 Indian security forces in Pulwama.
Page 1: Home Ministry puts Assam Rifles notification on hold The Home Ministry has kept in abeyance its order that empowered the Assam Rifles, deployed along the Myanmar border, to arrest anyone and search a place without a warrant in the border districts of Assam Arunachal Pradesh, Manipur, Nagaland and Mizoram. The notification was withheld after Opposition parties moved an adjournment motion against the order in the Assam Assembly The notification said an officer of the rank corresponding to that of the lowest rank of members of the Assam Rifles would have the powers under the CrPC It is not clear why the notification included Assam, as the State does not share its border with Myanmar. The Assam Rifles has power to detain anyone where Armed Forces (Special Powers) Act (AFSPA) is in place But it was finding it difficultto operate in Mizoram, which is not covered by the AFSPA. The entire Assam is under the Act The Assam Rifles, a Central armed police force, is under the administrativecontrol of the Home Ministry and the operational control of the Army After the Assam Rifles Act was amended in 2006, the powers under the CrPC earlier available to it under the Assam Rifles Act, 1941, were not restored. 13 years after the Act was amended, the issue has acquired urgency for effective enforcement of the Free Movement Regime along the Myanmar border (on the 16 km belt on either side)
Page 7: India, Russia close to inking multi-billion agreement for AK-103 assault rifles India and Russia are close to concluding an Inter-Governmental Agreement (IGA) for a multi-billion deal to locally bulk manufacture AK-103 assault rifles in the next few months, Director International Cooperation and Regional Policy of Rostec State Corporation said at the ongoing Aero India. However, he brushed aside concerns of U.S. sanctions on the defence deals, flagging money transfers as the issue. India has signed several multi-billion dollar defence deals with Russia in the last couple of years and more are in the pipeline The Army has recently signed a contract for 72,400 assault rifles from Sig Sauer of the U.S. and another tender for 93,895 Close Quarter Battle (CQB) carbines is in advanced stage of conclusion. These rifles are for frontline troops deployed in forward areas. However, the Army is looking to replace the indigenous INSAS (Indian National Small Arms System) rifles in use with a modern rifle. The AK-103 will be bulk produced by the OFB (Ordnance Factory Board) with technology transfer. Initially different companies were proposed from the Indian side for the tie-up. However, the Indian government realised it would be wrong to pick up a start-p companymand arrange for production of such sophisticated equipment
Page 7 : Govt. not holding up appointments: CJI CJI Ranjan Gogoi indicated there was no delay on the part of the government in clearing files for appointment of judges to constitutional courts. If at all, the delay lay with the Supreme Court Collegium itself, headed by him. As the Chief Justice, I am telling you only 27 files are with the government, and 70 to 80 files are with the Collegium, Chief Justice Gogoi observed orally. Much quicker now It is we who have not been able to clear the proposals for appointment of high court judges Appointments are being done much quicker now, Chief Justice Gogoi said. The petition alleged that government was sitting on the recommendations of the Collegium on judicial appointments to the various high courts. As a result, the judicial vacancies and pendency in these high courts were going up. The petition said the government has delayed its approval to names reiterated by the Collegium for appointment. It alleged the government's inaction reflects a breakdown of the consultative process between the government and the CJI, through the Collegium, in judicial appointments.
Page 7: BEML in talks for small plane project Defence and mining equipment maker BEML Ltd is exploring a proposal from Russian aircraft maker Irkut Corporation to jointly assemble a small twin-seater, civilian aircraft in the country, BEML CMD said. The plane could be used to train civilian pilots or for private owners Irkut is the original maker of the Sukhoi-30 fighters. The Indian Air force operates Su-30s that are customised and licence-manufactured by Hindustan Aeronautics Ltd at Nashik. The Bengaluru-based BEML set up an Aerospace Division in Mysuru about a decade back. It supplies airborne structures used in Su-30 as well as ground handling equipment, apart from systems and components for Akash and other missiles Aviation contract offsets are another area that BEML is keen on; MoUs have been signed with Boeing, Lockheed Martin, Rosoboronexport and Irkut, which are pursuing sales in India
Page 10: J&K wants Pak. undertrials out The Jammu and Kashmir government has filed petitions in the Supreme Court seeking permission to transfer Pakistani undertrials out of the State to high-security prisons like Tihar Jail in the National Capital, citing the risk these detenus pose by radicalising Kashmiri youth inside the State's prisons. Seven undertrials While the J&K government has so far moved the court in the case of seven undertrials who are Pakistani nationals, the State's counsel said more such petitions seeking transfer of other Pakistani prisoners would be filed. In one of the petitions, the J&K government said the Pakistani prisoners were brainwashing Kashmiri youth. The State said it had confidential information that the undertrials had close links with terror outfits like the Jaish-e-Muhammed and the Lashkar-e-Taiba It said such indoctrination oflocal Kashmiris in prison had been put to perilous use by spreading ant national sentiments within and outside the prisons and planning attacks on the sovereignty and integrity of the nation. Creating sympathisers The effect of such radicalisation is that the brainwashed local youth who are inmates with these prisoners, are spreading the menace of terrorism and creating sympathisers by influencing, mobilising against the State and winning over, their local contacts on being released or during visitor meetings, etc.
Page 10: UGCissues advisory to universities With Kashmiri students facing harassment and assault on campuses in the wake of the Pulwama terror attack, the UGC has issued an advisory, asking Vice-Chancellors to ensure their safety. UGC Secretary also requested the Vice-Chancellors to look into the matter personally for the safety of the students and maintaining peace and harmony in universities/colleges
Do not give an impression to the world that India is divided on how to fight terrorism. When the world is rallying around India, the Opposition in India should not be striking a discordant note, he said. Further, Mr Jaitley said, next time if extremists and separatists raise slogans on how to break India (referring to the JNU incident), no one from mainstream parties should pay a supporting visit to them There is no freedom of speech to advocate a breakup of India, he said.
AFGHANISTAN CHINA abu Swat Kabul NDI Srinagar Islamapad Jhelam mritsa Satlu Satluj PAKISTAN New Delhi Hydepabad
Page 11 : Labour Bureau files MUDRA job report The Labour Bureau has completed its survey on employment generated by the MUDRA loan scheme, giving the Centre a potential data tool to combat other reports showing a dismal scenario on jobs. The Pradhan Mantri Mudra Yojana was introduced in April 2015 as an effort to extend affordable credit to micro and small enterprises. Loans up to 10 lakh are extended to these non-corporate, non-farm enterprises by the Micro Units Development and Refinance Agency (MUDRA) through last-mile financial institutions > So far, 15.56 crore loans worth a total of 7.23 lakh crore have been disbursed. Before stepping down as vice chairman of Niti Aayog in August 2017, Arvind Panagariya, had submitted a report on the recommendations of a task force he had chaired on improving jobs data. One recommendation was to analyse the extent of employment and self-employment generated by MUDRA loans. In December 2017, faced with mounting criticism on the failure to create job opportunities, the Labour Ministry had asked the Labour Bureau to initiate the survey on jobs created through the MUDRA scheme. NSSO survey The Labour Bureau's completed report on MUDRA loans has now been submitted to the Centre at a time when it is taking flak for not releasing the results of the National Sample Survey Organisation's periodic labour force survey
According to reports, a leaked copy of the NSSO's findings showed that unemployment hit a 45-year high of 6.1% in 2017-18. Central government ministers and officials have already attempted to use the MUDRA scheme's performance to combat criticism based on the leaked NSSO job survey report. Some economists, however, have advised caution in the interpretation of MUDRA data, especially as it relates to jobs Every new loan certainly doesn't imply creation of a new job. It is improbable that these loans are being given to those who were formerly unemployed. They are more likely being given to people who are moving to self employment from other jobs resulting in no new net job creation. Given that the average size of the loan disbursed under MUDRA is quite small, it is unlikely that the loan seekers are providing a job to anyone other than themselves.
Page 11: Modi gets Seoul Peace Prize for fostering global links Prime Minister Narendra Modi was given the Peace Prize for 2018 for his contribution to international cooperation and fostering global economic growth. The Seoul Peace Prize Foundation presented the award at a grand ceremony here. A short film on the life and achievements of Mr. Modi was screened. Mr. Modi said, This award belongs not to me personally, but to the people of India. The success that India has achieved in the last five years is due to aspirations, inspiration and efforts of the people of India. He said he was honoured that the award is being conferred on him in the year that India celebrated the 150th birth anniversary of Mahatma Gandhi. The Prime Minister dedicated the $200,000 (1.42 crore) prize money to the Namami Gange programme that seeks to stop pollution in the Ganga and rejuvenate the river. Mr. Modi expressed concern over terrorism, and recalled that a few weeks before the Seoul Olympics in 1988, an organisation called the Al-Qaeda was formed. As South Korea, India also suffered the pain of cross-border strife Our endeavour towards peaceful developments has only too often been derailed by cross-border terrorism While India has been the victim of cross-border terrorism for over 40 years, all nations today face this grave threat which respects no borders, he said, in an apparent reference to Pakistan
Page 12 : Saudi Arabia, China cement ties during Crown Prince's visit China and Saudi Arabia have cemented ties based on a stronger energy relationship as well as Riyadh's decision to distance itself from the controversy surrounding 's approach towards Xinjiang Saudi Arabia has also pledged support for the Belt and Road Initiative-Chinese President Xi Jinping's signature connectivity enterprise >A statement by the Saudi energy giant, Aramco, said the company had agreed to set up a joint venture with China's military equipment heavyweight, Norinco. The two would build a refining and petrochemical complex, worth more than $10 billion in the northeastern Chinese city of Panjin. They would form the Huajin Aramco Petrochemical Company- a new firm that would include a refinery processing 300,000 barrels per day, as well as an ethylene cracker. The deal was signed during Saudi Arabia Crown Prince Mohammed bin Salman's visit to China. Prince Mohammed told President i that Riyadh respected and supported China's right to protect its own security and take counter-terror and de-radicalisation steps.
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