Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 29th August 2017 By JATIN VERMA Educator Unacademy
News Article to be discussed Today News Editorials to be discussed Today 1. Doklam standoff ends as India, China.A right for the future- Privacy step back 2. Centre set to roll out new treatment2. Diary of an unusual year On RBl for encephalitis [Relevant for Banking, SSC] 3. Dera chief deserves no sympathy: court 4.TRAI starts process for next round of spectrum auction 5 'Reform abour laws to ease compliance NITI Aayog- Ease of Doing Business Report TIAayog- Ease of doing PIB Summary & Analysis Course will be started in September. Daily MCQs course
Business Page-13:TRAI starts process for next round of spectrum auction Waves move around us at different frequencies. Different frequencies are utilised for different purposes. The Radio FM stations air their channels around the 100 MHz frequencies. Likewise, government of India has selected two --900 MHz and 1800 MHz to be auctioned to telecom companies. India is divided into 22 telecom circles for the purpose of lelecom spectrum. As a general rule, Higher frequencies can carry more data per second Are auctions fool-proof? Auctions are only a way to Discover price. There are two reasons why an auction can fail. Firstly, buyers could collude in order to keep prices low. Given the recent entry of Reliance Jio, and its battles with the incumbent players, it is hard to believe that all telcos can collude to stay away from certain parts of the auction. That leaves us with the other reason for failure-that the reserve prices are set too high. Now, setting reserve prices for an auction is an art in itself. Set it too high, and it simply discourages buyers from engaging in a process of price discovery. . Set it too low, and it encourages collusion among buyers.
. Business page-13: Reform labour laws to ease compliance,-NITI Aayo NITI Aayog's own Ease of Doing Business report. The report, based on an enterprise survey of 3,276 manufacturing firms, was prepared jointly by NITI Aayog and IDFC Institute Survey Findings: Firms in labour-intensive sectors find compliance with labour-related regulations particularly onerous. This fact translates into enterprises avoiding the labour-intensive sectors.  Hire & Fire Policy: More enterprises in labour-intensive sectors reported that finding skilled workers, hiring contract labour and terminating employees was a major or a severe obstacle. 3] Such sectors also reported a significantly higher average time taken for environmental approval and more days lost due to strikes and lockouts The report pointed out that there is a vast gap between what the enterprises know and what the government has done to improve procedures related to various permits and clearances Information dissemination on a larger scale is required so that enterprises are aware of ways to ease the compliance burden of regulation can yield substantial gains in productivity at relatively low costs
Rationale for suggesting reform in Labour laws: More flexible labour laws will allow enterprises to grow larger and reap economies of scale, nts, jobs creation and higher growth. As per the report: [l Among start ups, only 20% report using single window system for setting up business and even among experts only 41% have the knowledge of the existence of the facility. [2JThe report also pitched for accelerating power sector reforms to ensure that power-intensive enterprises have access to steady and uninterrupted power without undue delays or regulatory burden.  Half of the enterprises do not borrow from financial institutions and about a third consider lack of access to finance as a major source of obstacles for business in the country. This suggests that enhancing the access to low-cost capital to business could be an important vehicle to improve business environment, especially in poorer states such as Bihar We must reduce sclerosis in the structure of the industry by encouraging the entry of new enterprises and expediting the timely and least costly exit for sick enterprises, which wish to exist.
Other Courses by me: Medium I. The Hindu News Analysis 2. The Hindu Editorial Analysis 3. Daily PIB Summary 4. Daily MCQs on Current Affairs 5. Yojana/Kurukshetra Analysis 6. Indian Polity Crash Course 7. Most lmportant Current Affairs. [Hindi & English] THindi & English] [Hindi & English] [Hindi & English] [Hindi & English] [Hindi for now] [Hindi & English]. Sunday-weekly DNA Review: A re-cap of Most Important News of the week
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