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29th August 2017 Part-2:Daily News Analysis
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NITI aayog- Ease of Doing Business Survey

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 do CAG audit telecom companies? He did this year. But these are private companies? Sir please answer.
Jaikishan Kumar
2 years ago
ya it can , it can audit the private companies too
Sachin Rahar
2 years ago
In 2014 SC says it can anything from which government generates it's revenue.
read definition of state from constitution
and that's not collution... it is called "Cartel"
Jatin Verma
2 years ago
cartelisation is different... that is when after the spectrum is allocated, companies fix the prices in a collusive manner
Mrutyunjay Joshi
2 years ago
okay thank you sir.
The lowest bid value should be put high in auction by gov.
On EDB via labour law reforms and .. industrial demand for hire and fire policy . . . . .I would like to present my view which is influenced by the new ETF ,Bharat 22... How about a group of labourers being seen as collective responsibility of a group of companies.... The difficulty lies in developing such a group of companies....But a lot of factors can be considered for feasibility of such a thing,like Moonsoon,cropping patterns, infrastructe works etc !!!!
Dear Jatin Sir hope you are doing well, thanks for your all course.. i would like to ask you for daily MCQs based on current affairs. Sir, please lemme know why you stop to upload same? sir ji i would be helpful for us if you upload same on daily basis plzz...:)
  1. DAILY NEWS ANALYSIS from THE HINDU 29th August 2017 By JATIN VERMA Educator Unacademy


  2. 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


  3. 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.


  4. . 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. [2] 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


  5. 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. [3] 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.


  6. 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



  7. For Daily PRESS INFORMATION BUREAU updates, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin