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28th June 2018 Part-4: Daily News Analysis
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Office of profit

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.

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FEDERALISM is political system in which two or more governments share authority over the same area Whlie on the other hand REGIONALISM is a political ideology that focuses on the interests and development of a particular region and people
1- Federalism is a political concept in which a group of members are bound together by covenant (Latin: foedus, covenant) with a governing representative head. The term "federalism" is also used to describe a system of government in which sovereignty is constitutionally divided between a central governing authority and constituent political units (such as states or provinces).  2- In politics, regionalism is a political ideology that focuses on the interests of a particular region or group of regions, whether traditional or formal (political divisions, administrative divisions, country subdivisions or subnational units). Regionalists aim at increasing their region's influence and political power, either through movements for limited form of autonomy (devolution, states' rights, decentralization) or through stronger measures for a greater degree of autonomy (sovereignty, separatism, independence). Regionalists often favor loose federations or confederations over a unitary state with a strong central government. 
1- The term "federalism" is used to describe a system of government in which sovereignty is constitutionally divided between a central states. 2- Regionalists aim at increasing their region's influence and political power.
why interest rate increase by US Fed.Bank makes Indian Rupee weak???
Ria Wadhwa
a year ago
This is because, if interest rate of fed bank increases then cost of capital for US companies who want to take loan for investment will rise. this will reduce the supply of dollar in world market as compared to demand. Thus dollar will strengthen and rupee will fall.
Akhil Dhameliya
a year ago
a year ago
how would the increase in interest rate led to increase in investment??.. if bank charge you more interest then you will have less urge to invest. so investment must decrease. please reply.
a year ago
Acc to me the invester, many times keeps money in Indian commercial bank or invest in finance sector as they got higher return from India. but due to increase in interest rate in their home country, these invester want to invest there only so they withdrew money from India. which led to rapid out flow of capital. which inturn led to decrease in supply of dollar in the market. In order to attain equilibrium of demand-supply value of rupees per dollar rise. i.e Currency depreciation. please correct me if Iam wrong.
Rohit your point is totally correct. As US is a developed economy so investors have more confidence in US economy as compared to Indian economy. So when they are getting good return (due to increase in interest rate in US) along with credibility so they start pulling out their money from Indian economy as a result of which rupee gets weakened.
Ria Wadhwa
a year ago
yes Rohit, your point seems to be more valid. my reason went wrong as I ignored the economy part. Thanks for debating.
federalism is system of government and Regionalism is a strong feeling of pride or loyalty that people in a region have for that region, often including a desire to govern themselves.
  1. want te be startin to Page 2 North News: Punjab govt. moves to insure MLAs against 'office of Profit at thh The Punjab govt has paved the way for legislators to hold several new categories of 'office of profit' by approving amendments to the Punjab State Legislature (Prevention of Disqualification) Act, 1952 The amendments include: It will protect legislators from disqualification in certain additional cases of office of profit, re apart from the ones included in the original Act. Further amendments include incorporation of a new Section 1A to provide for the definitions of 'compensatory allowance', 'statutory body' and 'non-statutory body. Besides, insertions and additions have also been made to the categories of offices of profit s under Section 2 of the disqualification Act. k h ent The State Cabinet also decided to extend to the State, two ordinances recently promulgated by the Centre pertaining, to the rape law and fugitive economic offenders a. It approved republication of the Criminal Law (Amendment) Ordinance 2018, to make the , rape law more stringent. recently promulgated by the Centre punishment for rape of a girl (under 12 years), from the existing 7 to 10 years b. Approval was also given to republish the Fugitive Economic Offenders Ordinance 2018, c. Besides, the new ordinance amends the IPC to provide for enhancement of minimum tis

  2. to Stringent punishment at thh The minimum punishment for the offence of rape of a girl child under 16 years of age has been fixed at life imprisonment, as against the earlier provision of 20 years of rigorous imprisonment, extendable to imprisonment for the rest of the convict's life. The ordinance for fugitive economic offenders, empowers the authorities to attach and confiscate p properties and assets of economic offenders, such as loan defaulters, who flee the country he PSU disinvestment re . In another decision aimed at bridging revenue and fiscal deficits and raising funds for the cash- crunched State exchequer, the Cabinet approved disinvestment of three ailing public sector undertakings e ar k h ent Punjab Communications Limited >Punjab Finance Corporation mao of ofier to be set up under the Punjab State Industrial Development Corporation The disinvestment will be carried out by a core group of officers to be set up under the chairmanship of the Chief Secretary along with a transaction adviser tis that

  3. to Page 5 East News: 34 vears on, compensation for Blue Star detainees The detainees who were arrested and kept in a Jodhpur prison following the Army operation to at thh flush out militants from the Golden Temple in 1984, will finally get some relief with Punjab Chief Minister scheduled to hand over compensation money to them. . The Chief Minister will distribute cheques totalling 4.5 crore to 40 of the detainees. . Around 300 people were arrested and detained in the Jodhpur jail in June 1984 in the wake of . Of these, 224 had appealed for compensation in the lower court, alleging wrongful detention and . However, 40 of the them went in appeal to the District and Sessions Court, Amritsar, and were re he 300 people arrested -, Operation Blue Star, and were later released in three batches, between March 1989-July 1991 . torture but they failed to get any relief from the court in 2011 awarded 4 lakh each as compensation with 6% interest (from the date of filing of the appeal to e ar ent payment of compensation) in April last year. Appeal by Centre . The court had held the Union and the State govts jointly liable for payment of the c and although the Punjab govt had given an undertaking to the court to pay half the amount, the Centre had moved an appeal in the Punjab and Haryana High Court against the order tis

  4. to Page 5 South News: ICSSR's new vision: make research relevant to polioc at thh In an attempt at making research projects awarded by the Indian Council of Social Science Research (ICSSR) move from "pure ideological research" to one that is in sync with policy* imperatives, the ICSSR has formulated a blueprint of key areas for future research A vision document: IMPRESS (Impactful Policy Research in Social Sciences), is sent to the govt. re It has also made a tentative list of themes on which it would like to support research he It is believed that social science research should focus on areas that can link research to pressing policy needs of the time. Social science is close to society and research in it would contribute to solving the problems being faced, Indian Council Of Historical Research (ICHR), awards doctoral and post-doctoral fellowships. . It also awards minor and major projects. e ar k h In future, proposals that are related to the thrust areas are more likely to pass muster, though * other proposals also can The document shared with the government identifies many thrust areas, such as: Research proposals on public private partnerships > Food security Make In India (a key policy initiative of the present government) Federalism, regionalism and its implications, eto. tis that

  5. Other Major Thrust Areas: at thh Idea of Simultaneous elections to the Lok Sabha and State legislative assemblies Fake news, paid news and media ownership. The ICSSR has also internally formulated some key themes for research, apart from the document shared with the MHRD. These include: Agrarian issues Farmers' distress Agricultural growth Poverty alleviation Revitalisation of manufacturing, trade and investment policy Liberalisation and lost opportunities, etc. re e ar k h ent > tis that

  6. want te be starting sa to Page 10 News: Haley meets PM, says ties strong . U.S. Ambassador to the UN, described meeting with PM Modi as representing two democracies. She said that the friendship of both the nation is strong, being the world's oldest and largest* at thh democracies The discussions were related to the trade, defence, regional security, and strengthening the re he partnership. The Ambassador said The freedom of religion is as important as freedom of rights and freedom of people. e ar The statement is being interpreted as a crucial part of her visit as India has drawn criticism from the U.S. for repeated instances of violence against minority communities over the past ent few years The ambassador is expected to outline the main features of India-US. ties under the Trump " administration during her tour. From the Indian side, the visit provides an opportunity to discuss issues such as the Iran nuclear deal from which the US withdrew earlier this year The ambassador has been a strong conservative voice and has drawn criticism from the liberal U.S on Palestine and Israel and other international issues. tis that

  7. want te be starting sa to Page 11 News: Genuine Indians mav be left out at thh Former Assam CM Tarun Gogoi has said that many genuine Indian citizens will be left out of the draft National Register of Citizens (NRC), while seeking 'stateless' tag for people found to be illegal immigrants during the exercise to update the NRC. The 2nd and final draft is scheduled to be published on June 30 p The NRC secretariat in Guwahati has sought an extension because of time lost due to floods, he specifically in southern Assam re On securitv issues The Former Assam CM said that if all Indian citizens will be included in the NRC, there should not be any possibility of breakdown of law and order or any public disturbances. good sign. He advocated that identified foreigners should be made stateless include the names of many illegal immigrants. e ar k h But the activities of deployment of additional paramilitary forces & mock drilling for riots is not a On the other hand, it was also feared the NRC updating exercise would not be error-free and might u, If 10 lakh foreigners are omitted from the draft NRC, there wi still be another 30 lakh whose names will make their way into the list. tis that

  8. to Page 12 World News: Indian detainee numbers swell in Seattl<e For the last few days, a handful of protesters are camping for the U.S. Immigration and Customs at th Enforcement (ICE) The facility is overflowing since the Trump administration launched its 'zero tolerance' policy towards undocumented immigrants p A dramatic increase: The number of Indians detained at the Northwest Detention Centre has- he more than doubled in the last few months. re No criminal record: Indian-American Congresswoman from the Washington State, also said that none had criminal records. They were just trying to bring their children and their families to safety and to stay alive. e ar k h The protesters, who call themselves "anarchists", want all immigration laws ended and ICE dismantled, are not impressed by the Democratic protest to Trump administration's anti- mmigration sweep They are here seeking a better life, not for any criminal activities. I is claimed that they keep coming and keep leaving. Numbers keep changing. The common reasons to why they end up at the detention centre is that nobody wants to return to India. They are seeking betterment of their lives -economically, socially and educationally. Attorneys may find some reasons for them to stay. Some people marry an American citizen tis

  9. Page 12 World News: Tariffs on Indian goods to be lowered at thh According to the Ministry of Finance, China will reduce or cut to zero tariffs on a total of 8,549 types of goods originating in India and four other Asian countries from July 1 The adjustment, covering products made in India, Bangladesh, Laos, South Korea and Sri Lanka, was part of the tariff concession arrangement reached under the Asia-Pacific Trade Agreement. The goods include chemicals, agricultural and medical products, clothing, steel and aluminium products. re he The items from the five Asian countries will have a new tariff rate, e ar k h ent tis that en thec

  10. to Page 13 Business News: Rupee tumbles to 19 month low on oil . The rupee slid to a 19-month low against the dollar as concern that rising crude oil prices could at thh widen the country's current account deficit and stroke inflation combined with fears of a trade war that could spur capital outflows to weigh the Indian currency down. The rupee fell 0.54%, or 37 paise, against the dollar on Wednesday to settle at 68.61 . The Indian rupee has slumped almost 7% against the dollar so far this year, making it one of Asia's worst performing currencies. re he . Forex traders said that the rupee's depreciation is in line with other emerging market currencies as the dollar index has strengthened in the wake of the U.S. Federal Reserve raising interest rates. Factors that are impacting Indian currency are: e ar k h ent Elevated oil prices are weighing on rupee as India's dependence on oil imports is very higlh. Political uncertainty in the wake of upcoming State elections and the general elections of 2 The concerns over earnings outlook has led to FPI [foreign portfolio investor] outflows. > Concerns about inflation and the fiscal deficit also impacted bond prices with the yield on the 10-year benchmark govt bond rising 4 basis points to 7.87%. * Reserves cushion: On the positive side, the rupee's weakness should aid the exports amid improving global growth outlook. India enjoys a good cushion of foreign exchange reserves and the RBI is in a good position to control heightened volatility in the currency. tis

  11. 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. I 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