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23rd September Part-1: Daily News Analysis
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Rishab Arora
Graduate in Economics. Gold medal in Dissertation, Prepared various documents on Demonetisation and GST, Share-trading and many more

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  3. No role in choice of offset partner: govt. (GS-2) (Page-1) It is up to the Prime Minister of India to clear his name. We are absolutely convinced that the Prime Minister is corrupt -RAHUL GANDHI, Congress president We cannot expect anything better from Gandhi. He has no quality, no capability and whatever he is he owes to his family..Modi is a symbol of honesty and a global leader -RAVISHANKAR PRASAD, Union Minister


  4. * After revelations by former French President Francois Hollande on the Rafale fighter deal the Defence Ministry on Saturday said "unnecessary controversies" were being created on the statement, and reiterated that the government had "no role in the selection of Reliance Defence as the offset partner." The French government and Dassault Aviation (DA), the manufacturer of the Rafale jet, also issued statements reiterating the procurement procedure, though neither directly denied the comments made by Mr. Hollande. *"As per the guidelines, the vendor is to provide the details of the offset partners either at the time of seeking offset credit or one year prior to discharge of offset obligation..." the Ministry said. It said Mr. Hollande's statement needs to be seen in "its full context where the French media has raised issues of conflict of interest involving persons close to the former President."


  5. H-1B spouse work permits to end, says Trump administration (GS-2) (Page-1) The Donald Trump administration is moving ahead with a proposal to end work permits for spouses of H-1B workers in the United States, a federal court has been tolo. Spouses of H-1B visa holders whose green card applications have reached a certain milestone can get employment authorisation under a 2015 executive order. Dependents of H-1B visa holders get H-4 visas. The Department of Homeland Security (DHS) is on track to complete an internal process within the next three months and announce the new regulation, it said in a submission before a federal appeals court in Washington DC on Friday. After the new regulations are published, there will be time for public comments and revisions before the new regulation comes into effect. However, the uncertainty over their legal status has already stalled the job prospects of hundreds of H-4 visa holders. ' Job prospects of H-4 holders dim More than 90% of the 1.26 lakh Employment Authorisation Documents (EAD) issued for H- 4 visa beneficiaries since 2015 went to Indians.


  6. The H-4 EAD programme is being challenged by a group of displaced tech workers in the U.S. A federal court ruled for the continuation of the programme and the Save Jobs USA has moved in appeal. The Trump administration that is reviewing all aspects of the H-1B programme had told the court three times earlier this year that it was planning to discontinue EAD for H-4. Save Jobs USA's attorney told Bloomberg that the administration's tactic was to "delay, delay and delay". The next status report is due on 19 November from the administration, before the court. The petitioners want hearing, while the administration maintains that it is planning to end the programme regardless. "Department of Homeland Security (DHS)'s senior leadership reviewed the proposed rule" and returned it to U.S. Citizenship and Immigration Services (USCIS) this month to make certain changes, it said in the court filing . "When the necessary revisions are incorporated, USCIS will return the proposed rule to DHS for final clearance" and submission to the White House Office of Management and Budget within the next three months, the DHS said. It said the administration was "making a solid and swift progress in proposing to remove from its regulations certain H-4 spouses of H-1B non-immigrants as a class of aliens eligible for employment uthorisation"


  7. Alcohol intake in India doubles in 11 years (GS-2) (Page-1l) Per capita alcohol consumption in India has more than doubled from 2005 to 2016, according to a report by the World Health Organisation (WHO). * The consumption of alcohol has increased from 2.4 litres in 2005 to 5.7 litres in 2016 with 4.2 litres being consumed by men and 1.5 litre by women, the report said. Highest in SE Asia The total alcohol per capita consumption (15+ years) is expected to increase in half of the WHO regions by 2025 and the highest increase is expected in the South-East Asia Region. An increase of 2.2 litres is expected in India alone which represents a large proportion of the total population in this region, the report highlighted.


  8. However, increases, although smaller, are also expected in Indonesia and Thailand (with the second- and fourth-largest largest populations). The second-highest increase is projected for the populations of the Western Pacific Region, where the population of China is the largest, with an increase in per capita consumption of 0.9 litres of pure alcohol by 2025 Total alcohol per capita consumption has increased globally after a relatively stable phase between 2000 and 2005. Since then, total per capita consumption rose from 5.5 litres in 2005 to 6.4 litres in 2010 and was still at the level of 6.4 litres in 2016, the report stated. However, diverging trends were noticed in different regions of the world


  9. Govt. will seek Parliament nod for triple talaq Bill: PM (GS-2) Days after the promulgation of the Muslim Women (Protection of Rights of Marriage) Ordinance, 2018, Prime Minister Narendra Modi announced here on Saturday that the NDA government would soon get the triple talaq Bill approved by Parliament. "Three days ago, the Centre took a decision that was needed for years. The decision was on triple talaq. Nobody was ready to mention it and talk about the problem fearing loss of votes," Mr. Modi said at a public meeting. When our government passed the triple talaq Bill in the Lok Sabha' attempts were made to stall it in Rajya Sabha. But now we are committed to saving our Muslim sisters and daughters from the practice. We have made the practice illegal by bringing in a new ordinance," he said. "It will be our constant endeavour to get the nod of Parliament on it".


  10. Opposition's stand A. While the BJP has hailed the ordinance as a step towards empowering women, the Congress-led Opposition has slammed the government saying it was politicising the issue.


  11. * The case of the release of seven convicts in the Rajiv Gandhi assassination case may bounce back to the court. The State government has requested the Tamil Nadu Governor to release the convicts. If a challenge comes to the court against the Governor's decision, whatever it may be, the court has limited power of judicial review of the Governor's constitutional discretion under Article 161. One of the biggest challenges for Justice Gogoi would be the pending petitions against Article 35A, which provides special status, rights and privileges to Jammu and Kashmir. The hearing is scheduled for the second week of January 2019, after the panchayat elections in the State * In Courting The People-Public Interest Litigation in Post Emergency India , Anuj Bhuwania said that with public interest litigation or PIL, "a new kind of judicial process had emerged, entirely court-led and managed, sometimes even initiated and implemented by its own machinery. The court appointed its own lawyers and instrumentalities." Many of the closely followed cases in the court are PIL petitions, which are filed by third parties against injustices in society A Justice Gogoi-led Bench is hearing a contempt petition over the government's delay in appointing the anti-corruption ombudsman, Lokpal. A series of orders from the Special Bench of Justices Gogoi and Nariman has seen the government publish its second and final draft of the NRC in Assam. Now the court is examining a draft standard procedure to receive the objections and claims of over 40 lakh people left out of the draft NRC


  12. Why do Mudra loans have credit risks? (GS-3) What is the problem? Former RBI Governor Raghuram Rajan, in his report to Parliament recently, said that while non-performing assets stemming from corporate loans are a current problem, the government should focus on sources of the next crisis. In particular, he warned, the government should refrain from setting ambitious credit targets or waiving loans. He called out Mudra loans as those with potential credit risks. He particularly flagged the culture of meeting targets by rushing through due process and then offering populist sops such as mass waiver of loans. "Credit targets are sometimes achieved by abandoning appropriate due diligence, creating the environment for future NPAs. Both Mudra loans as well as the Kisan Credit Card, while being popular, have to be examined more closely for potential risk. The Credit Guarantee Scheme for the MSME run by the SIDBl is a growing contingent liability and needs to be examined with urgency," he said in his note.


  13. What is the average loan size? Loans under the Mudra scheme are disbursed under three heads, starting from loans up to #50,000 and going up to 10 lakh. About 32.53 lakh crore had been sanctioned for about 4.81 crore PMMY loans under all three heads in the financial year 2017-18. The average size of a sanctioned loan stood at Rs. 52,706 for the year. The State Bank of India recently said it had disbursed Rs. 28,556 crore under the PMMY scheme in FY18. Non-performing assets arising out of this scheme is about 5.2% for India's largest bank, a figure that the bank views as being under 'acceptable limits' The website dedicated to PMMY does not indicate the quantum of loans that have soured or details of collections. In May, the government said a total of 76 lakh crore had been disbursed to 12 crore beneficiaries under the Mudra scheme since its inception in 2015. Of these, 3.25 crore were first-time entrepreneurs and 9 crore borrowers were women