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27th April 2018 Part-4: Daily News Analysis
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Role of Regulators

## 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.

U
2+i and 1-3i
hello sir you said it many times that whenever you are upset you read the comments on your lectures,I don't want you to read this because I don't want you to be upset but if you are reading it I just want to say one thing that you are already in publc service,only the achievement of that tag is delaying you are changing lives by bringing this educational revolution you are our hero and apart from that you are the motivation for every aspirant who is trying in this journey, jajbaati nhi hona sir ji, aaj nhi to kl UPSC selection pkka h aapka
respected sir.......we all love you...we all care for you...we all pray for you......... Nothing happened.............you are already a big hero........want to be in your guidance always......... fikar Na kryiiioooooo tusi............ RESPECT!
AK
Arun Kumar
2 years ago
What is the result of jatin please tell
jatin didnt make this year ... but he is a champ.
AK
Arun Kumar
2 years ago
Thanks for telling
Ac
Jatin...no matter what is happening or happens you have got some unique qualities of a good human being besides teaching....this is only just a phase which will definitely pass.... i dont knw whether you are upset or for that matter why you are upset but anyhow keep the spirit up...many people feel motivated just by listening to your voice and i am one of them....you are a good and pure soul....keep up the spirit bro...cheers!!
hello sir.. i have been listening ur DNA for last 8 months and it had become my habit but due to clg exams i had to leave it for last 2 months. whn i left u were in ur real form which was the best but today whn i heard ur voice it is a bit gloomy.... No sir aap apne Real Form me hi achche lagte ho ye sadness aapki personality ko suit ni karti.. Jazbati mat bano..kuch log kya h dil pe le lete h bat ko..padh liya karo kabhi...& all those taunting but fantastic dialogues... get back to ur own self sir.. you are a splendid teacher u dont need any Tag of any exam... and ya plz sir DNA band mat karna u r best at it!
There can be several things in your life which can create problems or can be hindrance in your upsc problem like your neighbors if they want to know for which you are preparing and I don't want to tell them about them because it is my private matter and they come daily in my house if I don't go any body's house I don't ask their daughter in laws and sons for which they are preparing then why I tell them about myself it totally exploitation of my right to privacy how can I cop with it?
Sheetal Gothwal
2 years ago
Sorry for sharing personal matters but I could not control my emotions.
Sheetal Gothwal
2 years ago
Sorry for sharing personal matters but I could not control my emotions.
ignore them , and its all part of knowing about life ...so chill
Arth Vashistha
2 years ago
Confuse them by saying something absolutely different everytime. They'll eventually stop asking.
Aman Gupta
2 years ago
If anyone asks me..i honestly say them abt my continuation of CSE preparation and also that uncle /aunty I have failed this year. Believe me after that not a single word they will utter.
Aman Gupta
2 years ago
You cannot make different excuses to different people every time asking abt your studies. Just rply them gently and move ahead.
Sheetal Gothwal
2 years ago
Yes you are absolutely right we should not tell a lie but the persons who are liar I can't tolerate them I don't want to face them so it can be differ person to person some are believable and some are not thanks for suggestions.
Nandini Singh
2 years ago
tell them u r preparing for peon trust me they'll never ask u again,,,,, ;-) i always chipkao this line to irritating people...... instead they feel pity on me and feel pity on them.....# indian ristedar uuuffff .....
1. want teo he starting Page 12 World: Cambridge Analytica is no bond villain: spokesperson The work carried out by SCL Elections in India would be considered by an independent at thh investigation looking into work conducted by the group across the world, Cambridge Analytica said i at a press conference as it sought to counter what it described as "unfounded" and "pernicious" allegations and a "torrent of ill-informed and inaccurate speculation" about its gathering of data and p role in elections. he"Cambridge Analytica is no bond villain," insisted the company's new spokesperson Clarence Mitchell Wylie's testimon e ar Last month, giving evidence to a parliamentary committee, former employee Christopher Wylie had , said that the group had worked for the Congress Party, and subsequently made public some of the work carried out by the group's SCL Elections, including caste-based research for State elections. ent "Cambridge Analytica was focussed on the U.S. market- purely handling the U.S. matters. SCL u Elections is the global arm that handles other areas. All of these national issues and national associations are part and parcel of the independent investigation," Mr. Mitchell told the press conference on Tuesday tis

2. want teo he starting He added that "rest assured India, Kenya, Nigeria- all of the other countries that SCL has been at thh working in the past historically... will all be investigated and reported on as part of the independent investigation" CA sought to challenge three allegations against it. The first allegation was that it had continued to hold data from Global Science Research the commercial entity set up by researcher Aleksandr PKogan, who developed the app at the centre of the controversy. he Countering allegations re The second was that it had used this data on the Donald Trump campaign, and the third that it had worked for one of the groups campaigning to leave the EU in 2016. The company had taken assurance given by Mr. Kogan in "good faith", Mr. Mitchell said, and had "cooperated fully" since being contacted by Facebook, and did not share GSR data with any other party. The data had proved "ineffectual" and was "virtually useless", he insisted e ar k h ent tis that

3. want teo he starting Page 12 World: No consensus about conditions at Tihar jail at thh India's efforts to extradite Sanjeev Kumar Chawla, who stands accused in the 2000 cricket match fixing scandal, continued as New Delhi sought an appeal in the high court. .Last year, District Judge had ruled that Mr. Chawla could not be extradited despite there being a prima facie case against him because of overcrowded conditions, endemic violence, and lack of medical facilities at the Tihar iail he.Acting on behalf of India, Crown Prosecution Barrister Mark Summers said that the defence's case, by relying largely on "sensational" news reports, and "outdated figures", did not cross the threshold of evidence, and hence the judge "fell into error" . He added that there was "no international consensus" about the conditions alluded to at Tihar He defended India's decision not to allow an independent inspector to review conditions at Tihar, as had been requested by the defence. "That is not an easy choice for a requesting state," he told Lord Justice Leggatt and Justice Dingemans at the hearing at the Royal Courts of Justice. e ar k h ent . tis that

4. want teo he starting Violence in jail . While figures suggested that the overcrowding was to a far lesser degree than suggested by the at thh defence - particularly after the expansion of Delhi's jail network from nine to 16violence was limited to "occasional outbursts", he said prison conditions. The decision to not allow the assurance as it came three weeks late, was a The defence had done little to "rebut the underlying assumption of good faith" and the assurances He also questioned the decision to exclude a second assurance sought by the court from India on he"breach of case management", he said. around the amount of personal space, security and medical care that would be provided to Mr. Chawla at Tihar, he said. He also sought to highlight evidence of improving conditions. "This is not an administration that is blind or deliberately closing its eyes." However, defence barrister Helen Malcolm sought to challenge the picture of Tihar and the Indian jail system more widely. She pointed to a number of incidents since the previous ruling, including u incidents in which prisoners were alleged to have been beaten up by authorities, and two deaths in custody this year India's tendency to dismiss accusations of poor prison conditions or mistreatment as "maligned or trumped up" gave her "no confidence" whatsoever, she said ent stay tis

5. want teo he starting These assertions seriously undermine the credibility" of assurances from India, she told the court, adding that there was a "complete failure to engage with genuine concerns" at thh .During a lengthy discussion over the decision to exclude the second assurance from India, one of the judges said judges needed to be given flexibility on the management of cases. He also criticised a number of aspects of New Delhi's response, including lack of details when it came to the issue of violence. He highlighted an instance when Brazil, which had sought an heextradition, presented "detailed evidence" The case comes in the backdrop of India's efforts to extradite Vijay Mallya to Arthur Road Jail. Alan Mitchell, an international prison expert, was a defence witness in both cases, and in both cases sought to highlight difficult conditions in Indian jails, which both defence teams have sought to use . e ar ent Page 12 World: world EU, UN call for restart of Svria peace talks The European Union and the United Nations on Tuesday called for swift political talks to end the long war in Syria, saying the latest territorial gains by Damascus and its allies had not brought peace any closer. The UN special envoy for Syria, Staffan de Mistura, spoke at a donor conference. Reuters stay tis en thec

6. want teo he starting Page 13 Business: Predatory pricing rule stayed at thh Bharti, Idea get relief as TDSAT stays TRAI's norm on tariffs The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has ordered an interim stay on some clauses of TRAI's recent regulation for tariff principles on predatory pricing. . In a relief to older operators -Bharti Airtel, Idea Cellular and Vodafonethe TDSAT on e Tuesday stayed the new definition of Significant Market Player (SMP), while directing that no penalty be levied on telecom operators for not complying with the new norms for tariff reporting. ."The clauses in the impugned order related to the reporting requirement and definition of SMP are stayed," the TDSAT said in its order. "This interim arrangement shall continue until further orders in this regard," it added. e ar k h ent Details may be sought' The tribunal added that while the regulator was entitled to ask for details of segmented discounts or concessions offered to subscribers for analysis, "no penalty shall be imposed on that basis till further orders are given in the ongoing appeals" by Bharti Airtel and Idea Cellular. In its tariff order issued in February and intended to ensure transparency, non-discrimination and non-predation, the Telecom Regulatory Authority of India had said the definition of SMP for the purpose of predatory pricing would be based on just the subscriber base and gross revenue and not subscriber base, turnover, switching capacity and volume of traffic, as determined earlier . tis

7. want teo he starting Page 13 Business: Centre seeks suggestions on long term capital gains clause at thh The Centre opened for public discussion its proposed clause in the Income Tax Act that would give the government the power to specify the applicability of the long term capital gains tax and the security transaction tax. The Finance Act 2018 had introduced Section 112A in the Income Tax Act, to provide that long term capital gains arising from the transfer of a long term capital asset, if it is an equity share in a he company, be taxed at 10% of the value of the gains exceeding lakh. "The said section, inter alia, provides that the provisions of the section shall apply to the capital gains arising from a transfer of long-term capital asset being an equity share in a company, only if* securities transaction tax (STT) has been paid on the acquisition and transfer of such capital asse" the government said in a release. ent "Genuine cases' "However, to provide the applicability of the tax regime under Section 112A of the Act to genuine cases where the STT could not have been paid, it has also been provided in sub-section (4) of Section 112A of the Act that the Central Government may specify, by notification, the nature of acquisitions in respect of which the requirement of payment of STT shall not apply in the case of acquisition of equity share in a company," the government added tis

8. want teo he starting Page 13 Business: Defaulters owe SEBI 2.620 crore at thh More than 1,800 entities have defaulted on the payment of penalties to the Securities and Exchange Board of India (SEBI), according to the latest list released by the regulator. .While the maximum number of cases pertain to violations in the shares of various listed entities, the defaulters' list includes individuals and companies who have been penalised for various other stock market violations such as failing to address investor grievances, irregularities in initial public offerings (IPOs) and non-compliance with listing regulations. The capital market watchdog will be richer by almost 2,620 crore if all the defaulters decide to clear their outstanding penalties at one go. The list includes all defaulters as on March 31 on the basis of orders passed until December 31 While the amount of outstanding penalties may appear huge given the long list of defaulters, a significant portion of that amount is pending from just one entity PACI te he . e ar k h ent 'Mobilised 49,000 cr.' .In September 2017, the regulator imposed a penalty of 2,423 crore on PACL, which SEBI said had raised money from the public in the name of agriculture and real estate businesses through illegal collective investment schemes over a period of 18 years, helping the entity mobilise 49,000 crore. The monetary penalty followed a three-year-old order directing PACL to refund R49,100 crore to investors in its schemes. tis

9. want to be startine a .As per the SEBI list, some defaulters have avoided payment of penalty for almost two decades. While the oldest case goes back to December 1998, four more cases have been pending since 2000. While the regulator did not earlier have any direct powers to initiate recovery proceedings against defaulters, the government gave the watchdog powers in 2013 to attach assets of such entities and go ahead with recovery proceedings. . . "SEBI now has powers to recover penalties by attaching and selling assets of defaulters," said ."Earlier, there were no such powers and SEBI could only go to the courts for prosecution or pass .There was no direct recovery mechanism. But now, SEBI has dedicated recovery officers as wel h managing partner, Alliance Law. further orders for non-compliance he added. at that

10. want teo he starting LT Page 13 Business: Oil tops $75 as sanctions on Iran loom at thh Oil climbed above$75 a barrel on Tuesday to its highest level since November 2014 before paring some gains, supported by OPEC-led production cuts, strong demand and the prospect of renewed U.S. sanctions on Iran Brent crude rose to its highest since OPEC on November 27, 2014, turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to \$27 in early 2016. "Prices are being driven up by tight supply due to high production outages in Venezuela plus the cuts implemented by OPEC and Russia," said analyst at Commerzbank. he e ar k h ent tis that en thec

11. Page 13 Business: Regulation of e-commerce necessarv to protect consumers, spur growth: Prabhu contd. Digital vs paper Almost 70% of railway tickets were booked online, when I was Railway Minister," he said. "We found out through a survey that people want those digital services more than paper-based services. re So, how can we make e-commerce grow even more?" The Minister added that the government he would consult all stakeholders, including consumers, before coming out with any policy to do with e-commerce "The regulations must not interfere with the functioning of the industry," Mr. Prabhu said. "And it must be robust and flexible and forward-looking and must follow technology."