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28th July 2017 Part-2: Daily News Analysis
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Gold Imports duty

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
Unacademy user
sir aap leagal aspects hum karwa sakte ho kya ??papet 2 commerce
Hello Sir, can you please explain difference between Griffin goods and Vablen goods? Thank you
Poonam Bamel
2 years ago
Giffen goods are highly inferior goods which do not follow law of demand i.e. if their price increase, demand also increases. There is no such example of these goods as these were a special case (potato) observed in post war times. However, what Jatin is saying in this video is an example of veblen goods. These goods also do not follow law of demand but for a very different reason not that they are inferior but because they are usually perceived as Status Symbols and are demanded only when their prices are high e.g. Luxurious cars etc. Hope that helps!
Prithvi Parmar
2 years ago
doubt solved, thanks a lot!!
Yash M
2 years ago
@PoonamBamel Jatin sir cited Iphone's example, like the costlier the Iphone the more people buy it , so Iphone can be considered as a veblen good?
Prithvi Parmar
2 years ago
@RonitJha yes, in this example Iphone would be considered as Veblen goods.
sir plz reply me on Facebook I Hv sent my query there please reply to my question as soon as possible
sir cud u plz make a video on wht buks nd sources to refer for 2018 pre nd mains in detail..or if u cud tell us wht sources do u refer fr each part of syllbus..
Abhishek Choubey
2 years ago
there is a video on youtube by jatin verma on preparation strategy.
SI
gold is really a giffin good nd rather buying it in physical form u could have gold bonds which can be purchased at present market value nd after 5 years u will get at that times market value or if reduce u will get back ur money Wid some interest..so I think import duty shouldn't be reduced but exmpt export one or pay back
But investment in business is not practically possible for middle class people nd they don't have enough knowledge about shares...middle class person want to invest with surety nd there'r less chances of loss..so they invest on gold
Shivam singh
2 years ago
Mutual Fund or MMMF''s , ELSS ---- through it we can invest in Market(SHARE or FOREX) managed by EXPERTS.
  1. DAILY NEWS ANALYSIS from HINDU, HT, INDIAN EXPRESS 28th luly 2017 By JATIN VERMA Educator Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin


  2. 28 July 2017 examine dowry cases examine d Page 7 NATION SC for panels to [G.S. Mains Paper-l & 2: Polity- Gender Equality] The Supreme Court ordered the setting up of family welfare committees' in all districts under the aegis of the National Legal Services Authority (NALSA). . A Bench of Justices said Section 498A (dowry harassment) of the IPC had come under much abuse. Dowry complaints were being filed in the heat of the moment over trivial issues. Committees of social workers, homemakers, retired persons and other upstanding citizens will form the vanguard against frivolous complaints of dowry harassment in their localities. They will sift the genuine cases from the trivial ones. No suspect shall be arrested in a dowry case immediately after a complaint is registered. . Police and the courts will have to wait for the committee's inquiry report. . The three-member family welfare committees will be set up by the district legal services authorities. Members can be appointed from para legal volunteers, social workers, retired persons,"wives of working officers" and other citizens.


  3. 28 July 2017 . Every complaint received by the police and the Magistrate will be passed on to the local committee, which will enquire into the genuineness of the complaint and file a report with the police official or Magistrate concerned within a month. The committee can directly get in touch with the parties involved, but the members will not be called as witnesses in case there is a trial. . Till the report of the committee is received, no arrest should normally be effected, the court said. Trial judges should close Section 498A cases based on matrimonial disputes once parties reached a settlement. In fact, bail should be given the same day, the court directed. The National Legal Services Authority (NISA) has been constituted under the Legal Services Authorities Act, 1987 to provide free Legal Services to the weaker sections of the society and to organize Lok Adalats for amicable settlement of disputes. Actually, Article 39A of the Constitution of India provides for free legal aid to the poor and weaker sections of the society and ensures justice for all. Articles 14 and 22(1) of the Constitution also make it obligatory for the State to ensure equality before law and a legal system which promotes justice on the basis of equal opportunity to all


  4. 28 July 2017 structu re: I. The Central Authority may consist of: The Chief Justice of India who shall be the Patron-in-Chief A serving or retired Judge of the Supreme Court to be nominated by the President, in consultation with the Chief Justice of India, who shall be the Executive Chairman; and Such number of other members, possessing such experience and qualifications, as may be prescribed by the Central Government, to be nominated by that government in consultation with the Chief Justice of India. 2. In every State, State Legal Services Authority has been constituted to give effect to the policies and directions of the NALSA and to give free legal services to the people and conduct Lok Adalats in the State. The State Legal Services Authority is headed by Hon'ble the Chief Justice of the respective High Court who is the Patron-in-Chief of the State Legal Services Authority. 3. In every District, District Legal Services Authority has been constituted to implement Legal Services Programmes in the District.The District Legal Services Authority is situated in the District Courts Complex in every District and chaired by the District Judge of the respective district.


  5. Page-10: Privacy built into Aadhaar Act,says UIDA UIDA Privacy is non-negotiable, confidentiality is non-negotiable under the Aadhaar Act, the Unique Identification Authority of India (UIDAI), the nodal agency implementing the Aadhaar scheme, has said in the Supreme Court. . Additional Solicitor-General Tushar Mehta, appearing for the UIDAI, made this emphatic claim whern apprehensions were raised by a nine-judge Bench that personal data collected during Aadhaar enrolment might make its way into the hands of private players, for whom such details would transform into "vital commercial information" The court was, in turn, responding to a submission by Attorney-General K.K.Venugopal,appearing for the Centre, that citizens could not claim informational privacy when the state asks for data for a legitimate purpose such as Aadhaar. . There is no denying that Aadhaar is a social welfare scheme, but the government must first concede that the state is obliged to put a robust personal data protection mechanism in place, Justice said. Fundamental right . Section 28 of the Aadhar Act deals with "security and confidentiality of information. It was in the State's legitimate interest to keep personal data secure as this would make Aadhaar acceptable to one and all. . does this mean Govt. recognises privacy as a fundamental right? . Here,Justice Rohinton F Nariman observed that the government had dedicated an entire chapter in the 2016 Act to the protection of privacy and security. "So is this not a statutory recognition of privacy as a fundamental right? 28 July 2017


  6. 28 July 2017 . Pag.e-10: No ban on Chinese firms: Minister of External Affairs. Recently, the Home Ministry denied clearance to China Railway Major Bridge Engineering Group Ltd., which planned to construct a proposed 22-km sea-link in Navi Mumbai. . There was no policy under which Chinese companies were denied security permission. She said Japanese or Korean companies might have got the clear- ance as per the existing pro- cedure She also said there was"no quid pro quo with China" on the issue of sufferings of the Tibetan people and stapled visas being given to Arunachal Pradesh residents by Beijing. Stapled visas to Arunachal Residents . Responding to supplementary questions on the issue of stapled visas to Arunachal residents by China, she said,"The issue has been raised in every bilateral meeting at various levels,be it at my level or that of the Prime Minister. . Asked about India's stand on Tibet, she said,"We used to earlier talk of'One China' policy, but we used to say that Arunachal Pradesh is an integral part of India. And when we say that, we want that China should also recognise this. Our policy has been made very clear." Asked if India remained a mute spectator towards the alleged atrocities in Tibet, she said, "We are not sitting as a mute spectatorWhenever there are differences, we raise them. . She said the Dalai Lama wanted to visit Tawang and "we allowed him to".This is not the first time but the fifth or sixth time that he was visiting that place


  7. 28 July 2017 10 Business Page 13: Panel seeks details on Al divestment . A Parliamentary Standing Committee has sought details from the government on its strategic A Parliamentary Standing Committee has sought details from the government on its strategic disinvestment plans for national carrier Air India. The department-related Parliamentary Standing Committee on Transport, Tourism and Culture, chaired by Rajya Sabha Member of Parliament Mukul Roy, is set to meet the Central government officials to hear the views of the Ministry of Civil Aviation, De- partment of Investment and Public Asset Management (Ministry of Finance) and Air India on Disinvestment of Air India. Centre may cut importduty on gold . The Centre may reduce the import duty on gold to 2% from 10% to make Indian Jewellery competitive in the international market, said a top official. . The Ministry of Commerce and Industry has re- commended to the finance ministry to drastically reduce the import duty We have urged the Finance Ministry to reduce import duty on gold. . The CAD position has substantially improved and now there is a case to look at it. We have recommended 2% duty.


  8. 28 July 2017 Other Courses by me: Mediumm Timings 1. The Hindu News Analysis 2. The Hindu Editorial Analysis 3. Daily PIB Summary Live Now. 4. Daily MCQs on Current Affairs 5. Yojana/Kurukshetra Analysis Coming son. [Hindi & 6. Indian Polity Crash Course 7. Most Important Current Affairs. [Hindi & English] 9.00 am [Hindi & English] 9.00 am [Hindi & English] 5.00 pm [Hindi & English]7.30 pm English] Ist Sunday [Hindi for now] [Hindi & English]. Periodic Periodic SndpMeely Er ecap of o lmoertane e Sunday-weekly DNA Review: Sunday-weekly Editorial Review: A re-cap of Most Important News of the week A re-cap of Most useful Editorials of the week For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin


  9. 28 July 2017 UPSC (7) Jatin Verma-Unacademy The Hindu CSecure https://unacademy.com/user/studiousjatin Q jatin verma Searching for "jatin verma" EDUCATORS MORE EDUCATORS> JS Jatin Verma Mahesh Verma Jatin Dewan Shruti Verma Jatin Sharma COURSES MORE COURSES LESSONS MORE LESSONS UPSC CSE Prelims: Trend Analysis. How To Study For Civil Services Mai. How To Study For Civil Services Mai. 20th June 2017 Part-2: Daily News 21st June 2017 Part-1: Daily News A. (Hindi) The Hindu-Daily Editorial Analysis for June 2017 Dy Jatin Verma The Hindu - Daily News Analysis for June 2017 , Jatin Verma The Hindu Daily News Analysis July 2017 By Jatin Verma The Hindu Daily Editorial Analysis for June 2017 By Jatin Verma (Hindi) The Hindu Daily News Analysis for June 2017 By Jatin Vemia


  10. 28 July 2017 C Secure https://u unacademy xplore Q Search Courses, Topics & Educators Jatin O credits Jatin Verma Follow Worked at Citi Bank. Books, movies, travelling, share trading, Have appeared in UPSC CSE twice. Preparing again Activity 20 Courses73.7k Folowers 5 Following Impact Jatin Verma added 2 new lessons 15m 1,307,471 6th July 2017 Part-2: Press Information Bureau Summary and Analysis Gold Bond series-2 6th July 2017 Part-1: Press Information Bureau Summary & Analysis Insolvency & Bankruptcy Board of India; Presidential elections- Facts and details not given in the basic books Jatin Verma added 2 new lessons 11h 7th July 2017 Editorial-2: Mr Modi in Israel Saudi Arabia- Palestino For Daily Multiple Choice Questions, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin