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24th August 2017 Part-2:Daily News Analysis
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NBFCs; Bank Mergers

Jatin Verma is teaching live on Unacademy Plus

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

Unacademy user
thank u soooo much bro......
Mudit Gupta
2 years ago
You're Welcome :)
Hi Jatin!! kindly share links on unacademy too for people like us who r not on FB!! Humble Request! Thanks :)
you can still search for him on fb and read his posts.
Sidra Iqbal
2 years ago
oh gr8..thanks Bushra!! :)
Madhu harsha
2 years ago
Bushra Rehman Khan can u pls share sir's fb page link....I'm not able to find it
Sure. Here you go..
Madhu harsha
2 years ago
thank you
sir, could you please explain how merging banks would reduce NPA?
Ayush Butoliya
2 years ago
risk will be shared and chances to compensate one another will increase
thank you
sir ....I just need one favour ....can you pls make a video about administration in a district like sdo bdo bdc sarpanach and I'm so confused about zila panchayat and municipality because every district is a city commonly then why it is called or need zila panchayat instead of municipality........
Devyani Patil
2 years ago
yes sir, please explain the ground level mechanisms
Hi Jatin..Kindly do not share any analysis exclusively on FB. Please share them here too, you can always cover them in three parts if required. Please see to it, it's a humble request.
What happened with Daily Current Affairs MCQs? It has not been uploaded since 19th Aug 2017.
  1. DAILY NEWS ANALYSIS from THE HINDU 24th August 2017 By JATIN VERMA Educator Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile-

  2. Page 10: SC to rule onRight to Privacy today TG.S. Mains Paper-2: Polity & Governance- Fundamental Rights] . A nine-judge Constitution Bench of the Supreme Court will deliver the judgment on the question whether right to privacy of citizens is a fundamental right under the Constitution. The question under consideration is important as, in the words of one of the judges on the Bench, privacy means the right to choose solitude if I want solitude or the freedom to socially co-habit, that is, if I want it. Privacy can also extend to other aspects, including bodily integrity, personal autonomy informational self-determination, protection from State surveillance, dignity, confidentiality, compelled speech, freedom to dissent or move or think. . The Supreme Court's judgment gains international significance as privacy enjoys a robust legal framework internationally, though India has remained circumspect. The judgment, if it declares privacy as a fundamental right, would finally reconcile our laws with the spirit of Article 12 of the Universal Declaration of Human Rights, 1948 and Article 17 of the International Covenant on Civil and Political Rights (ICCPR), 1966, which legally protects persons against the "arbitrary interference" with one's privacy, family, home, correspondence, honour and reputation.

  3. . The immediate effect of the judgment would be felt on the government's Aadhaar scheme that collects personal details, biometrics to identify beneficiaries for accessing social benefits and government welfare scheme. . The petitioners argued that Aadhaar enrollment is the means to a "Totalitarian State" and an open invitation for personal data leakage. Both the government and the service providers collect personal data like mobile phone numbers, bank details, addresses, date of birth, sexual identities, health records, ownership of property and taxes without providing safeguards from third parties. National programmes like Aadhaar, NATGRID, CCTNS, RSYB, DNA profiling, reproductive rights of women, privileged communications and brain mapping involve collection of personal data, including fingerprints, iris scans, bodily samples, and their storage in electronic form. The Law Commission recently forwarded a Bill on Human DNA profiling. All this adds to the danger of data leakage. The Supreme Court has repeatedly asked the government whether it has plans to set up a "robust data protection mechanism".

  4. Page-l l: PM Modi breaks protocol to meet Nepal PM Deuba [GSM-2: IR] Nepal Prime Minister Sher Bahadur Deuba, who arrived in India asserted Kathmandu's role in regional affairs, and committed himself to the new democratic Constitution of his country . Though the official visit will begin only on Thursday, Prime Minister Narendra Modi broke protocol and held a formal meeting with Mr. Deuba in the evening. Political reform goes hand in hand with social and economic reforms. Nepal has a highly progressive Constitution and the Nepali people are at a new turn of reforms.He welcomed India's initiatives to ensure steady petroleum supply to his landlocked country. The new Constitution of Nepal has been in the middle of protracted bilateral diplomatioc tension as India has been demanding amendments to the document to ensure greater role for the Madhesi population. Mr. Deuba's visit comes in the backdrop of the India-China standoff at Doklam.There had been reports earlier that Nepal is under pressure from New Delhi and Beijing to take sides in the standoff. Elections in November: The visit is also significant as it came two days after Nepal announced that the next Prime ministerial election will be held in November.

  5. Page-12: US, may carry out strikes inside Pak, US, Secretary GSM-2:LR. The US. may carry out strikes in Pakistan as part of its new regional strategy for stabilising Afghanistan.The aid being provided to Pakistan, and its status as a non-NATO ally are on the review table as Washington begins to reset its ties with Islamabad, . During the last year of the previous Barack Obama presidency, a U.S drone strike inside Pakistan had killed Taliban leader Mullah Mansour Mr.Tillerson said that India is "emerging as a very important regional strategic partner" and that the U.S. will seek its help in efforts to change Pakistan's behaviour."The U.S. alone is not going to change this dynamic with Pakistan. India and Pakistan, they have their own issues that they have to continue to work through, but I think there are areas where perhaps even India can take some steps of rapprochement on issues with Pakistan to improve the stability within Pakistan and remove some of the reasons why they deal with these unstable elements inside their own country" he said in response to a question asking whether America fears destabilisation and collapse of Pakistan in the absence of American support. Asked whether air strikes on targets in Pakistan will be part ofthe new strategy Mr.Tillerson said: "We are going to attack terrorists wherever they live, and we have put people on notice that if you are harbouring and providing safe haven to terrorists, be warned.

  6. . Page-12: 3,500 Rohingya reach Bangladesh in August. GSM-2: INTERNATIONAL . Thousands of Rohingya have crossed into Bangladesh since Myanmar announced a military build- up in Rakhine State earlier this month, Rakhine in northern Myanmar has been gripped by violence since October, when militants attacked police posts. . Rohingya leaders in Bangladesh told that at least 3,500 had arrived since then, piling pressure onto already overcrowded refugee camps in the Cox's Bazaar area near the Naf river that divides the two countries. Myanmar has long faced criticism for its treatment of more than one million Rohingya who live in Rakhine, who are seen as interlopers from Bangladesh, denied citizenship & access to basic rights. . Dhaka estimates that nearly 4,00,000 Rohingya refugees are living in squalid refugee camps and makeshift settlements in Cox's Bazar. They included more than 70,000 who arrived in the months that followed the crisis in October . But Rohingya are also increasingly unwelcome in Muslim-majority Bangladesh, where police often blame them for crimes such as drug trafficking. Dhaka has floated the idea of relocating tens of thousands of Rohingya refugees to a remote, flood-prone island off its coast, despite opposition from rights groups.

  7. Rohingya inhabited areas: Bangladesh Liberation War Refugee and troop movements (1971) Refugee movements e Rangpur Dinaipur Indian Army movements CHIN STATE INDIA Sythat Bogra MAGWE REGION -Rajshah Mysbon RAK Tanga CARAKAN) STATE INDIA Faridpur INDIA Comila Noakhali Khulna * Kolkata Bansal . Rangamati Bay of Bengal Mouths of the Ganges Bay of Banga l Rohingya people in Rakhine (Arakan) State in Myanmar MYAN -MAR Rohingy a majority Rohingya minority

  8. Business Page 13: New mechanism to spur PSB mergers under consideration [GS-3] Paving the way for quicker consolidation among public sector banks, the Cabinet approved 'in- principle' the constitution of an alternative mechanism, likely to be a ministerial group, that will the proposals for mergers among banks. . Now, if the board of any other public sector bank proposes a consolidation, this mechanism will oversee that process. The Prime Minister will take a call on who will be members of this group. Stressing that the decision to create 'strong and competitive banks will be solely based on commercial considerations and such decisions must start from the boards of the banks. the proposals received from banks will be reviewed by the members of the alternative mechanism. e Following an in-principle nod from the group, banks will take necessary steps under the law and as per SEBl norms for amalgamation and the final scheme will be notified by the Centre in consultation with the Reserve Bank of India. The Centre's nudge towards consolidation among public sector banks assumes significance as most of them are grappling with huge levels of non-performing assets or NPAs, slow credit offtake and resultant pressures on capital adequacy . 'First step': Rating agency Crisil termed the Cabinet decision as an important first step towards kick starting the consolidation process and said such mergers would improve NPA resolution following swifter decision making and an unified strategy

  9. Business Page:'RBl not for NBFCs taking deposits' IGS-283: Regulatory Authorities & Economy] . Taking deposits will bring with it the treasury function, which would make business tougher for NBFCs.The RBl is not in favour of allowing NBFCs to take public deposits," the Deputy Governor added. The RBl will not issue any more licenses to NBFCs to accept public deposits. But it will not revoke the licenses already given NBFCs were one of the bright spots of the Indian economy, with the rate of growth of advances growing by 1 4-1 5%, which is higher than banks. The RBl regulates NBFCs for three reasons: [i]depositor protection, [ijMany NBFCs rely on banks to finance their liabilities, [iijto regulate the interface between customers and NBFCs.

  10. Question. With the reference of the Non Banking Financial Companies (NBFCs ) in India , Consider the following statements: I.They cannot engage in the acquisition of Securities issued by the government. 2.They can not accept demand deposit like Saving Account. Which of the statements given above is /are correct? [UPSC Prelims-2010] A.I only B. 2 only C. Both I and 2 D.Neither I nor 2

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