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want fo be start but th Important News Articles Taking Delhi/Noida edition as the base GSM 2 1. Page 1: Why not increase the VVPAT count, asks SC ph reve 2. Page 5: PSLV-C45 project will mark several firsts for ISRO 3. Page 7: SC seeks Centre's reply to plea on jail terms GSM 3 1. Page 1: Goyals step down from Jet board ink h cause ferent 2. Page 13: Lenders to complete Jet Airways stake sale by May end 3. Page 5: Minimum area, maximum plants Page 7: Chinook will improve reaction capabilities, says IAF chief Page 13: Fears of global recession trigger equity sell-off pu 4. 5. kand stay 6. Page 13: 'Yield curve doesn't signal recession' Page 13: IRDAI moots public disclosure norm 8Page 14: U.S.-China trade war poses the biggest risk to global stability, says IME official
want fo be start but th Page 1: Why not increase the VVPAT count, asks SC . The Supreme Court said that it was in favour of increasing the random physical verification of Voter Verified Paper Audit Trail (VVPAT) in the Lok Sabha and Assembly elections, though the idea was met with stiff resistance from the Election Commission. ine . Deputy Election Commissioner said the current practice of physically checking the VVPAT ie #paper slips of one randomly selected polling station in an Assembly constituency and each Assembly segment in the case of the Lok Sabha election was "all that is needed." There was no need whatsoever to extend the physical count ofVVPATs. Mr. Jain told a Bench of Chief Justice of India that VVPATs were "working absolutely righn ferent and everything that the ECI did was based on expert statistical data. He said the Election Commission, on its own, constantly bettered its parameters A visibly annoyed Justice Gogoi responded to Mr. Jain's comments, asking him why the EC had not introduced VVPATs on its own after introspecting on its parameters. PLI kand stay In 2013, in the Subramanian Swamy case, the Supreme Court held that the paper trail through VVPAT of votes cast was an indispensable requirement of free and fair elections.
want fo be start but th The Chief Justice said, "No institution, however high, including the judiciary, should insulate itself from improvements." The court directed the Election Commission to file an affidavit, explaining why it seemed to be "fully satisfied" with restricting the counting of VVPATs to one polling station eeThe affidavit should also indicate the logistics and time required in case the sample everification of VVPATs was extended to more than one polling station. . The court was hearing a joint petition filed by 21 Opposition parties demanding the random verification of at least 50% EVMs-VVPAT's in every Assembly segment or constituency. The Opposition parties have further sought to quash an EC guideline that physical counting should be conducted "only for VVPAT paper slips of one randomly selected polling station of an Assembly constituency in case of election to State Legislative Assembly and each ink h cause ferent PLI Assembly segment in case of election to the House of the People." kand stay
want fo be start but th Page 5: PSLV-C45 project will mark several firsts for ISRO . PSLV-C45/Emisat mission scheduled for an April 1 lift-off from Sriharikota . It will be ISRO's first attempt at placing payloads in three different orbits. The chief payload -the 436 kg Emisat_will be injected into a 749 km orbit. After that, the fourth stage of the rocket will be manoeuvred to a 504 km orbit for releasing 28 international satellites. phe reve Once that job is over, the fourth stage will be restarted and guided to an altitude of 485 km For the next six months, this stage will serve as an orbital platform for space-based experiments, This is another first for the ISRO ink h cause ferent Normally, the spent stage simply becomes space junk PLI . The orbital platform will also sport solar panels, which too is a first. . The launch vehicle itself is a new variant, designated PSLV-QL. For the first time, ISRO kand stay will be employing four XL strap-on motors on the first stage. It will also be the first time that an IIST payload, Advanced Retarding Potential Analyser for Ionospheric Studies (ARIS), is flying aboard an ISRO mission
.ARIS will study the structure and composition of the ionosphere. . The other experimental payloads aboard the orbital platform are it th [ilthe Automatic Identification System (AIS), [ii]an ISRO payload for maritime satellite applications, and ph [ii]the Automatic Packet Repeating System (APRS), meant to assist amateur radio operators. According to the ISRO, Emisat, the chief payload on PSLV-C45, is meant for electromagnetic spectrum measurements and will be released into an orbit at 749 km. C-45, which is set for lift-off from the second launchpad at Sriharikota, will mark the 47th* flight of the PSLV. . .As many as 28 small foreign co-passenger satellites will also travel to space with it, but to a lower orbit at 504 km. They include 24 small satellites from the U.S., among them 20 which are part of previous customer Planet Labs' earth observation constellation. The other four customers are from Lithuania, Spain and Switzerland The 436-kg satellite would serve as the country's roving device for detecting and gathering electronic intelligence from enemy radars across the borders as it circles the globe roughly pole to pole every 90 minutes or so. stay
want fo be start but th Page 7: SC seeks Centre's reply to plea on jail terms The Supreme Court Bench, led by Chief Justice of India, sought a response from the government to a petition that various jail terms awarded to a convict under special laws on corruption and terrorism should run consecutively, as in countries like the U.S., and not . ph concurrently. rev The petition said the provision in the Code of Criminal Procedure (Cr.PC) that allows varying jail terms to run simultaneously should not apply to convicts in heinous cases. . Section 31 of the Cr.PC should not apply to special laws such as the Unlawful Activities (Prevention) Act (UAPA), the Prevention of Corruption Act (PCA), the Prohibition of Benami Property Transactions Act, the Prevention of Money-Laundering Act (PMLA), the Foreign Contribution (Regulation) Act (FCRA), the Black Money and Imposition ofTax Act,\ and the Fugitive Economic Offenders Act ink h cause ferent PLI kand stay
want fo be start but th Page 1: Govals step down from Jet board Ending a nearly two month-long struggle to remain in control, Jet Airways' power couple Naresh Goyal and his spouse Anita resigned as directors from the board of the company. Their exit paves the way for recapitalisation of the financially challenged airline through a ee resolution plan. The resignations ofMr. and Mrs. Goyal were accepted at a hurriedly convened board meeting here. Mr. Goyal, a former travel agent who founded Jet Airways in 1993, also ceased to be the chairman of the company, ending his 25-year tenure at the helm. Another director Kevin Knight, who represented Etihad Airways on Jet's board, has also resigned. ink h cause ferent The future role of Etihad in the Indian carrier remains unclear. With the resignations and following a fresh board approval, the banks will soon take charge of pur the airline with a 50.1% stake. kand stay Following this, Mr. Goyal's holding will reduce by half from 5 1% to 25.5%. Etihad Airways, y-, from 24% to 12% and public shareholding from 25% to 12.5%. It is learnt that Mr. Goyal will S. , pledge 16% of his residual stake, resulting in the decline of his effective stake to below 10%.
want fo be start but th Jet Airways' lenders, led by the State Bank of India, are being issued 11.4 crore equity shares of the company upon conversion of l of their outstanding debt. As immediate funding support, the lender consortium will infuse R1,500 crore into the carrier by way of debt. As at December 2018 the airline had negative net worth of 10,370 crore. Outstanding debt ph currently stands at about T6,000 crore. eTwo nominee directors of the lenders will be inducted into the board. It has further decided rev to constitute an Interim Management Committee to manage and monitor the daily operations and cash flow of the company The board also, in accordance [with] the resolution plan, has approved the creation of appropriate security over the company's assets for securing the existing facilities extended by the Lenders and the proposed immediate funding support of up to R1,500 crore by way of issue of appropriate debt instrument. Reacting to this development, the airline's stock rose 12.69% to close at 254.50 on the BSE . cause ferent PLI kand stay
want fo be start but th Timeline of events Turbulence in the air - Reports of cash flow problems emerge in August 2018 as airline defers board meet on Ql results Servicing of loans delayed 60 alrcraft grounded, mostly due to non-pay- ment of dues to lessons reve he On March 25, 2019, company's board appraves Rating agency ICRA downgrades Its long- term Loans issue of 11.4 crore equity shares to lenders upon conversian of l of outstanding debt cause ferent Jet posts faurth stralght quarterly loss as In Dec. 2018 Reslgnatlons of founder-chalrman Naresh Goyal & wife Anita accepted Salaries to seniar executives and pllots remaln unpald Banks to infuse 1,500 crare, by way of debt, as Immedlate funding support kand stay Image credit: The Hindu
want fo be start but th Page 13: Lenders to complete Jet Airwavs stake sale bv Mav end Banks have proposed a fresh resolution plan for Jet, in which they have taken control b;y acquiring 50.1% stake for investor , and have started the process to sell the airline to a new The move comes after the bank-led resolution plan approved by the board in February fell ethrough as one of the investors, Etihad, decided not to subscribe to the proposed rights issue. rev With banks acquiring 50.1% stake, Mr. Goyal, whose stake will come down to 25.5%, has agreed to pledge 16% of his residual stake so that his effective stake declines to below 10%. According to highly-placed sources, lenders will invite Expression of Interest (Eol), for on ink h cause ferent boarding ofa new investor, on April 9, 2019, from interested parties. Banks will extend debt of the airline stands at 1,500 crore to the airline as priority funding, by way of debt. The current pu . 6,000 crore. New management panel kand stay The CEO, CFO and COO of Jet Airways will continue at the airline and a newly-constituted management committee will monitor day-to-day operations and ensure funds allocated are properly used
want fo be start but th The airline will run under the overall supervision of the Board of Directors, with McKinsey & Co and Alvarez Marshall as advisers to the management committee. . Tata Group is believed to emerge as the white knight to buy out Jet Airways from the lenders. . has eeThe role to be played by Etihad remains uncertain The roll-out of a resolution plan was delayed due to the unyielding stance adopted by Mr. Goyal and Etihad Airways, which had 24% stake in the airline. . The new development heralds the beginning of Jet's first phase of revival. The immediate ink h cause ferent infusion of 1,500 crore through fresh borrowing would address the short-term worries of staff salary and leased planes which were grounded. . The resignation of Etihad's nominee indicates that the Abu Dhabi-based airline may not stay pu invested in the company. A final decision will be taken on March 31 by Etihad's board. uy, Ivis kand stay The move will see Jet Airways re-deploy several of its grounded aircraft back into its network, helping renew many of the routes it had temporarily suspended, which will help restore normalcy of operations, aiding the airline's long-term transformation to continue expansion and to regain its position as a global player.
want fo be start but th Page 13: Fears of global recession trigger equity sell-off .Concerns of a global economic slowdown with renewed fears of a recession led to a sell- off in global equity markets with the Indian benchmarks mirroring the weak global trend to shed nearly 1%. has We selling was witnessed across sectors, banking and financial stocks bore the maximum e*brunt with heavyweights such as ICICI Bank, HDFC, State Bank of India, Axis Bank, Kotak * Mahindra Bank and Yes Bank among the top losers in the Sensex pack. The 30-share benchmark lost 0.93%, while broader Nifty lost 0.90%. Both, BSE Midcap and BSE Smallcap indices lost more than 1% each ink h cause ferent . Global indices drop Market participants attributed the sell-off to concerns about recession after the 10-year bond 'Dus yield in the U.S. fell below the three-month yield for the first time since 2007. Though the gap turned positive again, equity investors remained jittery, triggering a sell-off. Further, the 10-year bond yield in Australia had touched an all-time low, while in Japan, the vield hit the lowest level since September 2016 kand stay
anel The shape of the yield curve gives an idea of future interest rate changes and economic act vity . . There are three main types of yield curve shapes: normal, inverted and flat (or humped) 9 A normal yield curve is one in which longer maturity bonds have a higher yield compared with shorter-term bonds due to the risks associated with time. An inverted yield curve is one in which the shorter-term yields are higher than the longer- term yields, which can be a sign of upcoming recession. ee 9 . In a flat or humped yield curve, the shorter- and longer-term yields are very close to each other, which is also a predictor of an economic transition.
want fo be start but th Page 13: IRDAI moots public disclosure norm * A public disclosure norm requiring all general insurers, health insurers, specialised insurers and reinsurers, including branches of foreign reinsurers, to share information at specified intervals about their financials and performance, is on the cards. y ha The Insurance Regulatory and Development Authority of India (IRDAI) issued an exposure e*draft detailing the proposed norms, and proposed the implementation from 2019-20. Segmental reporting . The norms require the insurers to share information about revenue, profit and loss account ink h cause ferent and balance sheet, as well as provide segmental reporting and schedules to accounts Stating that one of the objectives of the norms was to ensure safety of policyholders, the regulator said the International Association of Insurance Supervisors had recognised that the ipu insurers had an equal, if not, greater responsibility towards the policyholders than their duty towards investors. uy, Ivis kand stay Public disclosures on the risks faced by the insurers provide information to the policyholders to make informed decisions before entering into an insurance contract
but th Obiectives behind the norm Safety of policyholders . To serve as a tool to assess risk exposure of an insurer Educate investors on company's financial performance, financial position, risk exposure, corporate governance and management Measure orderly growth of the insurance sector Have uniformity in the performance indicators . ph reve The exposure draft makes it mandatory for the insurers, other than those into life insurance, to upload on their website the details on a quarterly basis and publish in newspapers the details on t a half yearly basis. ink h cause pu kand stay
want fo be start but th Page 14: U.S.-China trade war poses the biggest risk to global stability, says IMF official The U.S.-China trade war poses the biggest risk to global stability and fiscal stabilisation is needed to respond to economic shocks in Europe, IMF said has . The trade dispute, which began eight months ago, had affected the flow of billions of dollars eeof goods between the biggest and second-biggest economies in the world IMF said fiscal stabilisation capacity must be at the heart of risk reduction in Europe, describing it as crucial to "respond to macroeconomic shocks and improve the fiscal monetary policy mix." In its absence, the Euro area will remain over-reliant on monetary policy for stabilisation and ferent too much of the burden of crisis response will fall on individual countries, with their ability to respond depending on each country's fiscal space. Britain's planned exit from the EU was also breeding uncertainty in Europe and beyond Regarding Europe's recent economic deceleration, IMF said each EU member state should "strengthen their defences ahead of a potential downturn," including those countries that have not addressed "glaring vulnerabilities," notably Italy. PLI . kand stay
I .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. 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
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