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23rd June 2018 Part-2: Daily News Analysis
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Fugitive Economic Offenders

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
Unacademy user
1- mutual exclusion 2- progress 3- bounded waiting time
Sweta Kumari
5 months ago
very good
COTTON: black soil and alluvial soil. high temperature ,light rainfall,210 frost free days,bright sun shine for its growth. cotton is grown in three distinct agro-ecological zones, viz., Northern (Punjab, Haryana and Rajasthan), Central (Gujarat, Maharashtra and Madhya Pradesh) and Southern zone (Andhra Pradesh, Tamil Nadu and Karnataka). OIL SEEDS: thrives best in the tropical climate requires 20°-30°C temperature 50-75 cm rainfall Isohyet of 100 cm marks the upper limit of groundnut cultivation. It is highly susceptible to frost, prolonged drought, continuous rain and stagnant water. found in:andhra pradesh,tamilnadu. PULSES:Temperature: 20° to 30°C Rainfall: 50° cms to 75 cms These can be grown on all types of soils but a dry light soil is best suited. Pulses are grown all over India but the important states are Punjab, Haryana, Uttar Pradesh, Maharashtra, Madhya Pradesh and Rajasthan.
The main rice producing states are: West Bengal,Uttar Pradesh,Andhra Pradesh,Punjab,Tamil Nadu,Odisha,Bihar. Major oil seed producing state Gujarat,Rajasthan,Madhya Pradesh,Harayana. important Cotton Producing States in Indiaare: Karnataka,Haryana,Tamil Nadu,Rajasthan,Andhra Pradesh and.Madhya Pradesh. Uttar Pradesh: Uttar Pradesh is the largest wheat producing state of India accounting for over 36 per cent of the production and 36 per cent of the wheat area of the country. ...Punjab: ...Haryana: ...Rajasthan: ...Madhya Pradesh: ...Bihar: .Fertile riverine alluvial soil is best for paddy. wheat is grown best in fertile loams of either alluvial soil or black soil. For cotton climate-24°C,Rainfall:60-100cm,Soil-Black soil. OILSEEDS Sesamum is a rainfed crop and requires 45-50 cm rainfall. It thrives well in areas having 21° – 23°C temperature.  Lineseed prefers cool, moist climate with about 20°C temperature and 75 cm rainfall.  Groundnut thrives best in the tropical climate and requires 20°-30°C temperature and 50-75 cm rainfall.Thank you
To provide further impetus to the production of pulses and oilseeds, the pulses component of Integrated Scheme on Oilseeds, Pulses, Oil palm & Maize (ISOPOM) has been merged with National Food Security Mission and an Accelerated Pulse Production Programme (A3P) has been launched recently for integrated development of 60000 pulses and oilseeds villages in the rained areas of the country.
Rajasthan , Madhya Pradesh and Haryana for oilseeds It thrives best in the tropical climate and requires 20°-30°C temperature and 50-75 cm rainfall. Isohyet of 100 cm marks the upper limit of groundnut cultivation. It is highly susceptible to frost, prolonged drought, continuous rain and stagnant water. Dry winter is needed at the time of ripening. It can be grown both as a kharif and as a rabi crop but 91 per cent of the total area under groundnut is devoted to kharif crop. Well drained light sandy loams, loams, red, yellow and black cotton soils are well suited for its cultivation.
sir, pratiyogita darpan economy extra issue ka may edition upsc 2019 k liye helpful rahega Kya ?ya phir November /December 2018 ka upcoming edition... bcoz isme jo reports and data diye h vo 2017 k h ,Jo pre+mains 2019 k liye outdated nhi ho jayenge /)
Jatin Verma
8 months ago
ji nhi. sirf newspaper read kriye aur notes banaiyey
Shilpi chaudhary
8 months ago
okay sir ,thanks for replying
  1. helo Important News Articles Taking Delhi/Noida edition as the base) tth Page 1+8: 42 more Indians detained in U.S Page 1+8: Vohra urges parties to ensure peace in Kashmir Page 5 Nation: States' claim on fighting plastic only strong on paper Page 5 Nation: ED seeks fugitive tag for Vijay Mallya he " Page 5 Nation: Kharif crop sowing slows down as monsoon stalls lag Page 5 Nation: Cannot share Aadhaar data for crime probe Page 8 News: No mercy for stone throwers Page 9 News: Seychelles stalls project for Indian naval base Page 9 News: South Korean President to visit India in July Page 9 News: Air India goes upmarket with its premium classes Page 9 News: Probe dealings of bank linked to Shah Page 9 News: Italy won't deport Agusta 'middleman' Page 10 World: EU slaps retaliatory tariffs on U.S. products Page 11 Business: SAT to SEBI: reappraise RIL's NW18 buy Page 11 Business: Oil rises after OPEC agrees to lift output Page 11 Business: Current bond yield level not justified Page 11 Business: Genuine decisions being questioned: IBA nt ay


  2. anted to show the boss whatcE s bnat th Back to Plus y hav reve he g layer GS Mains Paper-3 through 250 expected Questions & Answers Jatin Verma 251k followers or us hink h cause h erent In this course, Jatin Verma will comprehensively cover entire topics of General Studies-IlI. The objective of this course is to enable learners for handling questions on any topic in GS Mains Paper- 3 through Questions-Answer based approach. The course will be conducted in English and the notes will also be provided in English a pu rk and


  3. want teo he starting -to Page 5 Nation: ED seeks fugitive tag for Vijay Mallya The Enforcement Directorate (ED) filed an application with the Prevention of Money Laundering Act (PMLA) court to declare Vijay Mallya a fugitive economic offender and sought orders to confiscate all his properties, estimated to be worth about R 12,500 crore. Fresh warrants This is the first case under the newly promulgated Fugitive Economic Offenders Ordinance. The I agency filed two separate complaints registered under the PMLA for investigation of money lag laundering against Mallya, Kingfisher Airlines Ltd. (KAL), United Breweries Holdings Ltd. and others .The court has taken cognisance of both cases and issued fresh non-bailable warrants against Mallya. . The ED said in a release, "The extradition hearings against Mr. Mallya conducted before the nt bo Westminster Court, London, are almost complete." The release added that instances were noticed where in Mr. Mallya alienated his assets by disposing of properties held in the name of companies indirectly controlled by him, and also by receiving funds outside India in a deal with Diageo Plc (an MNC manufacturing liquor) " nd Intentionally withhelo The details were intentionally withheld from the banks, and later, some assets were alienated. Attempts were made to obfuscate banks from enforcing guarantees. The fraudulent activities were undertaken from the start of the loan being availed.


  4. want teo he starting The Union Cabinet had, in April 2018, approved the promulgation of the Fugitive Economic Offenders Ordinance 2018, which would empower the government to seize the domestic assets of those deemed by a relevant court to be fugitive economic offenders. This would also help the banks and other financial institutions to achieve higher recovery from financial defaults committed by such fugitive economic offenders, improving the re financial health of such institutions. The Ordinance has a provision for a 'Special Court' under the Prevention of Money- laundering Act, 2002 to declare a person as a Fugitive Economic Offender. A Fugiive Economic Offender is a person against whom an arrest warrant has been issue in respect of a scheduled offence and who has left India so as to avoid criminal prosecution, or being abroad, refuses to return to India to face criminal prosecution A scheduled offence refers to a list of economic offences contained in the Schedule to U this Ordinance. k h ent .Apart from giving the government the power to attach or confiscate the assets of a fugitive economic offender, the Ordinance also removes the offenders' right to defend a civil claim in the country. It also provides for the appointment of an administrator to manage and dispose of the confiscated property. tis


  5. want teo he starting Salient Provisions: The Bill allows for a person to be declared as a fugitive economic offender (FEO) if: [1] an arrest warrant has been issued against him for any specified offences where the value at thh involved is over Rs 100 crore, and (2) he has left the country and refuses to return to face prosecution. re he To declare a person an FEO, an application will be filed in a Special Court (designated under the Preventionof Money-LaunderingAct, 2002) containingdetails of the properties to be confiscated, and any information about the person's whereabouts. The Special Court will require the person to appear at a specified place at least six weeks from issue of notice. Proceedings will be terminated if the person appears. The Bill allows authorities to provisionally attach properties of an accused, while the application is pending before the Special Court. e ar k h ent . . Upon declaration as an FEO, properties of a person may be confiscated and vested in the central government, free of encumbrances (rights and claims in the property) Further, the FEO or any company associated with him may be barred from filing or defending civil claims. tis that en thec


  6. want teo he starting Page 5 Nation: Kharif crop sowing slows down as monsoon stalls at thh . With the western sweep of the monsoon stalled over the Konkan coast, kharif crop sowing has also slowed. About 12 lakh fewer hectares have been planted than at the same time last year. . The biggest lags are seen in rain-fed crops such as pulses and oilseeds. At this time last year, 9.93 lakh hectares of oilseeds, mostly soyabean had been planted. This year, re only half that area has been planted, at just over 5 lakh hectares he. The monsoon has not started yet in many of the key areas. This is a rainfed crop, so farmers are delaying planting till the onset of the monsoon. The mission was launched in 2014 in an effort to reduce India's dependence on edible oil imports by increasing domestic production to meet rising domestic demands. However, oilseed prices crashed to a five-year low last year, even as production increased. Lower prices were unlikely to impact the final acreage of oilseed crops. e ar k h ent Too earlv to sa It was too early to predict sowing trends. "The monsoon has slowed down, so farmers are waiting,". "Even if prices have fallen, they will have to sow. They are not going to leave their fields empty. The overall acreage ofsowing so far stands at 115.9 lakh hectares, in comparison to 128.35 lakh hectares at the same time last year. Apart from oilseeds and pulses, sowing for paddy, coarse cereals and cotton is also lagging behind slightly . tis


  7. want to be starting ganses, beiag anted to show the boss whatcE s bnat th imp Figures indicate the percentage deviation of rainfall from its normal levels between 1 June and 14 July for each meteorological subdivision in the country Jarmmu and y hav Himachal Pradesh 3 Assam and Arunachal Pradesh Haryana ChandigarhPub pho he g layer Sub-Himalayan West Bengal reve West 48 Raasthan East 10 East Uttar Pradesh 25 Bhar East 35 Nagaland Mizoram regionMahya Pradest -52 Saurashtra ONH Kutch Diu Manipurar or us hink h cause h Tripura idatha Chhattisgarh Odisha Bay of Bengal Central Maharashtra 25 Tekrgana thou Konkan region Goa North interior Karnat ka 32 28 a pur Coastal Karnataka 10 South Andhra Pradesh Arabian Seaintece Karnataka2 rk and t sta Puduchemy Adamin and Lakshadweep Kerada Islands DNH.Dadra and Nagar Have IMD follows a Thursday-Wednesday cycle for its weekly monsoon updates ch esthat


  8. want teo he starting Page 5 Nation: Cannot share Aadhaar data for crime probe . A day after the National Crime Records Bureau (NCRB) made a case for limited Aadhaar data at thh access for the police to crack crimes, the UIDAI asserted that use of Aadhaar biometric data for criminal investigation is not allowed under the Aadhaar Act. Aadhaar data has never been shared with any crime investigating agency. The UIDAI statement came after NCRB Director made a strong pitch for the police to be provided he with limited access to Aadhaar data .The "very limited" exception to this, said UIDAI, is allowed under Section 33 of the Aadhaar Act, which permits use of or access to biometric data in cases involving national security, only after pre- authorisation by an oversight committee headed by the Cabinet Secretary. e ar k h ent tis that


  9. Kerala and Sikkim, are the States with the most creditable plastic waste management policies. "Sikkim has a system of buying back plastic from consumers. Maharashtra needs to implement such a system. AU thinGs pltic Among States from where data on plastic waste Nature of ban ptastic generation is available for 2016, Maharashtra tops the list Partial ban Andhra Pradesh, Goa, Gujarat, Jharkhand, M.P., Maharashtra, Meghalaya, Tamil Nadu, West Bengal he Generation of plastic waste per year (2016) Plastic waste (tonnes/annum) 5,00,000 Total barn 2. e ar Chhattisgarh, J&K, Mizoram, Nagaland, Odisha, Punjab, 4,00,000 00 k h N Uttarakhand, Chandigarh 3,00,000 | 2,00,000 00,000 No ban Manipur States where no data is aval OE on the nature of the ban Arunachal Pradesh, Assam, Bihar, Haryana, Himachal Pradesh, Kerala, Rajasthan, Sikkim, Telangana, Tripura' Lakshadweep, Delhi NCR and Puducherry SOURCE: CPCB that


  10. want teo he starting Page 9 News: Sevchelles stalls project for Indian naval base at thh The Seychelles National Assembly will not ratify India's plans to build a naval base in the western Indian Ocean region The country's President, arrived in India on a six-day state visit. The Opposition members in the Seychelles National Assembly argued against allowing India to e build a naval base on the strategically located Assumption island, saying it would infringe on the hecountry's sovereignty The government said the proposal to seek ratification of the project would not be presented to National Assembly as the Opposition had already said it would not clear it. . Coast guard facilit . Seychelles has indicated that instead of allowing India to run the base, it would like to develop a e ar k h ent coast guard facility at the Assumption. The Indian project was to include a facility for Indian ships and an airstrip that would allow New Delhi to guard the energy lanes vital to India's economy. ou tis that


  11. want teo he starting Page 9 News: Seychelles stalls project for Indian naval base Coast guard facility (contd.) . The National Assembly's decision follows several protests by civil society activists in the at thh archipelago nation who have urged the government to remain non-aligned and avoid tilting towards either India or China Leader of the Opposition had earlier stated that he would block the government's move to seek he clearance from National Assembly. India had earlier tried to reach out to Leader of the Opposition, who was extended special courtesies during the PIO-Parliamentary Conference, a global meet of leaders from the Indian origin people. However, he declared on March that the project would not take off. e ar k h ent tis that


  12. anted o show the hs Page-10: India's proposed Assumption Island deal drifts [17th June 2018 DNA] wat th Nearly two weeks after an official announcement by Seychelles President cancelling the agreement with India for the development of Assumption Island in the Indian Ocean, the government has refused to respond to the move, with Defence sources saying they are yet to be nformed of the decision Seychelles President made it clear that he would have no further discussions on the subject with he Prie Minister Narendra Modi when he visited India on June 25 and 26, and that he was not going table it in the Seychelles National Assembly for ratification. The External Affairs Ministry refused to comment on the issue despite several requests. . Security setback: The decision by the Seychelles President to drop the deal in the face of prot over a perceived loss of sovereignty is a blow to the government's "SAGAR" (Security and Growth for All in the Region) programme, announced by Mr. Modi during a visit to Indian Ocean Rim (IOR) countries in March 2015 pur It also comes amid India's troubles with another IOR country, the Maldives, where the government lock e has demanded that India withdraw two helicopters, pilots and personnel from its atolls that had been sent there to help with maritime patrols. Background: Discussions regarding development of Assumption Island began in 2003, but were formalised in 2015 during Mr. Modi's visit. t stay


  13. want teo he starting Page 9 News: South Korean President to visit India in July IGSM-2: International Relationsl ty . South Korean President will visit India in July and hold meetings with Prime Minister when the two countries are expected to sign a number of MoUs and strengthen the bilateral economic engagement. The main purpose of his visit to India is to upgrade the partnership. When Prime Minister visited South Korea in 2015, we launched a special strategic partnership. This time it is to mature this partnership S. Korea wants to expand the scope of its diplomacy beyond North-East Asia. So they have to create a broadened new community along with our southern partners ASEAN and India mainly e he e ar The visit will lay emphasis on his vision of a New Southern Policy, and his vision of 3Ps - People. Prosperity, and Peace. ent Progress is expected on the Comprehensive Economic Partnership Agreement between India and South Korea before President's visit. Pace of business, a hitch . The pace of the business processes in India was an issue for businessmen. S. Korea want to see a real change in daily business practice. For example, the immigration office - business people, they apply for visa. If they have a three- or five-year stay visa, it will be convenient for them. Every year, they have to visit the office many times, different types of documentation, lot of paperwork, lot of procedures tis


  14. want teo he starting Page 9 News: Probe dealings of bank linked to Shah . The opposition has demanded a probe into reports that the Ahmedabad District Cooperative Bank at thh exchanged currency worth 745.58 crore within five days of Prime Minister announcing demonetisation in November 2016. BJP president was the Chairman of the bank and is currently serving as a director. This, as per opposition, is the highest amount exchanged by a single district cooperative bank in the * he country. There are 370 district cooperative banks Quoting from an RTI reply received from the National Bank for Agriculture and Rural Development (NABARD), the Congress said that in 11 district cooperative banks in Gujarat headed by BJP leaders, as much as 3,118 crore in old notes were deposited within five days of demonetisation There should be an independent time-bound probe into this scam e ar k h ent O Rahul's 'pat' Opposition congratulated BJP president for being the director of a bank that won the first prize in conversion of old notes tis that en thec


  15. want teo he starting Page 11 Business: SAT to SEBI: reappraise RIL's NW18 bu at thh The Securities Appellate Tribunal (SAT) has directed the Securities and Exchange Board of India to re-examine the manner in which Reliance Industries Ltd. (RIL) acquired control of Network 18 Media & Investments (NW18) and TV18 Broadcast (TV18) and ascertain whether there were any violations of the Listing Agreement. re Two minority investors of NW 18 had in a complaint to the tribunal, claimed that RIL had failed to hedisclose that it had acquired indirect control over NW18 and TV18 through Independent Media Trust (IMT), a trust established for the exclusive benefit of RIL. The investors had moved SAT after SEBI had disposed their complaint in January 2017 by stating* that the trust was not a subsidiary of the listed company and hence no disclosures were required to be made under Clause 36 of the Listing Agreement. The complaint has been disposed of [by SEBI] on the basis of a wholly unsustainable ground that IMT was not a subsidiary of RIL and therefore RIL was not required to make disclosures under Clause 36 of the Listing Agreement," SAT observed. e ar ent .Clause 36 of the Listing Agreement mandates that when a listed company acquires indirect control over another listed company either through a Trust or through any other entity, then, suclh acquisition has to be disclosed to the stock exchanges. tis


  16. want teo he starting Page 11 Business: SAT to SEBI: reappraise RIL's NW18 buy (contd. Not the first time at thh Incidentally, this is not the first time that the tribunal has ordered the capital markets watchdog to reappraise this matter. In April 2016, SAT told SEBI to ascertain whether RIL had got control of the two companies re tout following the Takeover Regulations. In February 2012, IMT - whose sole beneficiary is RIL The investment was made through the issuance of Zero Coupon, Optionally & Fully Convertible .While setting aside the impugned decision of SEBI, it is proper to direct SEBI to decide afresh the heentered into an investment agreement with six holding companies. Debentures (ZOCDs) e ar k h question as to whether RIL violated Clause 36 of the Listing Agreement by failing to disclose that it had acquired indirect control over NW18 through IMT," SAT ruled. The Competition Commission of India had in May 2012 passed an order wherein it had specifically un held that by subscribing to the ZOCDs, IMT had acquired control over the holding companies and consequently indirect control over NW18 and TV18. stay tis that


  17. want teo he starting Cross-holdings at thh The Telecom Regulatory Authority of India had in 2014 recommended curbs on cross-media and corporate ownership of television channels and newspapers and came down on ads-for-equity treaties and paid news. The telecom and media regulator defined control of ownership at 20 per cent shareholding, or over 50 per cent voting rights or half the members in a media company's board, or a say in its re he management. According to Trai, control could rest with an individual, group of individuals, companies, firms, trusts, societies and undertakings, Trai suggested if a media firm was dominant in a market in both print and television, its owner should be made to bring down its equity holding to 20 per cent over time. Dominant market share is 32 per cent in both print and television based on a complicated formula, the Herfindahl Hirschman Index. A market must be defined linguistically and across states where a particular language is spoken by the majority. English and Hindi will be considered national languages. A combination of reach and volume of consumption should be used for computing market shares in television. For print, only reach would be sufficient. Only daily publications, including business newspapers, should be considered e ar ent stay tis


  18. want teo he starting Page 11 Business: Oil rises after OPEC agrees to lift output (contd.) Smaller real increase . The most recent price rally followed an OPEC decision to restrict supply in an effort to drain global nventories The group started withholding supply in 2017 and this year, amid strong demand, the market tightened significantly, triggering calls by consumers for higher supply. Declining production in heVenezuela and Libya, as well as the risk of lower output from Iran as a result of U.S. sanctions, have all increased market worries of a supply shortage. e ar k h ent tis that en thec


  19. want teo he starting Page 11 Business: Genuine decisions being questioned: IBA . The Indian Banks' Association (IBA) on Friday questioned the arrest of senior officials of the Bank . at thh of Maharashtra and said it would submit a memorandum to the Finance Minister as well the Prime Minister's Office so that such actions were avoided in future, Six officials of the State-run lender, including MD & CEO R. Marathe, were arrested on allegations of misuse of powers in extending loan D.S. Kulkarni real estate developers he "Loan fully secured Due processes were followed and the loan was fully secured being questioned Mr. Kannan dismissed the charge against the BoM officials that they had violated the Maharashtra The arrest of the officials is unwarranted. Officials are worried that genuine banking decisions are e ar k h ent .Bankers said they were worried that this could affect the flow of credit. Protection of Depositors Act, 1999 tis that


  20. .dI 8196 11:56 Thank you Jatin Verma 155k Followers Follow Ratings & Reviews Roman Saini A great course by Jatin Verma where he has literally covered all the important news from The Hindu. Must watch. Mohit Rai If i achieve my aim, my first salary will go to this great individual making this great informative and well-researched videos. I should take this opportunity to thanlk and congratulate him for the wonderful work he is doing for all the aspirants. He is meticulous and almost perfect in his approach and understanding. Please keep making such videos as a single 26k Enrollments Enroll