Jatin Verma is teaching live on Unacademy Plus
Daily News Analysis for 2nd August 2017 From Hindu, Indian Express, Livemint By Jatin Verma Educator Unacademy
Page-1: Panel to draft data protection Bill, Government tells Supreme Court . Highlighting the need for a comprehensive law on data protection, the Unique Identification Authority of India (UIDAI) informed a nine-judge Bench of the Supreme Court that the Centre has constituted a committee of experts, led by former Supreme Court judge, Justice B.N. Srikrishna, to identify "key data protection issues" and suggest a draft data protection Bill. UIDAI also said privacy is not a fundamental right; privacy is subjective and dependent on human behaviour. Any attempt by the court to robe it in the status of a fundamental right would damage the nation and stymie the government's efforts for good governance. For progressive laws Justice Nariman said that laws should reflect the "felt needs of the times" and protect the citizens from violations by the State and non-State players. He said it was the duty of the court, and not the legislature, to interpret the law. He pointed out that privacy can indeed be read into the Constitution as a fundamental right as India is part of the United National Declaration of Human Rights of 1948, which declares privacy as an inalienable human right. o But Mr. Mehta, pointing to the prolonged Aadhaar litigation in court, submitted that "if ever privacy is made a fundamental right, all-out attempts would be made to stay government's efforts at good governance [Please Note: Justice B.N. Srikrisna also headed a High level committee to review Institutionalization of Arbitration Mechanism in India]
Page 1: It's easier to buy than rent small homes [Welfare schemes for vulnerable sections of the population by the Centre and States and the performance of these schemesl e Lower interest rates and stagnant property prices, in combination with the interest subsidy under the Pradhan Mantri Awas Yojana (PMAY), have markedly improved the economics for home buyers. With interest rates falling in the last 15 months, EMIs for small and medium ticket home loans in some cases have fallen below the rent paid for the same property. According to bankers, for a home loan of 25 lakh, when the current interest rate of 85-9% is coupled with the subsidy benefit under the PMAY, the real interest rate for a home buyer with an income of 12 to 18 lakh per annum works out to just 4%, after adjusting for tax benefits The subsidy amount would be higher if the income is lower. The PMAY is available for first time home buyers with a family income up to 18 lakh and for property size up to 110 square metres (1,100 sq. ft. carpet area). For buyers whose household income is not more than 6 lakh per annum and who are, therefore, eligible for the 6.5% interest rate subsidy under the PMAY, this is clearly the right time to consider buying a property by availing of a small ticket housing loan.
* The features of Pradhan Mantri Awas Yojana are as following: The govern ment would providean interest subsidy of6.5% on housing loans availed by the beneficiaries for a period of 15 years from the start of loan. The houses under PMAY would be allotted to preferably the female member of the family. Along with this, preference would be given to the female applicants. This scheme is mostly a pro-women scheme. While allotting ground floors in any housing scheme under the PMAY, preference would be given to differently-abled and older people. The construction of houses under PMAY would be carried out through technology that is eco-friendly IThe new houses will be automatically covered under PM Uijwala Yojana.] In addition to the above, an Rs 1.5 lakh would be provided to all eligible urban poor who want to construct their own house in urban areas or wish to make necessary renovations in their existing houses Under this scheme, the ICICI will provide housing loans at subsidized rates of 6.5 % annually for the loan amount of Rs. 6 lakh (maximum). This subsidy will be credit linked. This housing loan will be provided along with the partnership with National Housing Bank, which will administer the entire housing project. And the maximum loan tenure to get the subsidy is 15 years. .
Page-5: GI tag need of the hour, feel Chirala silk weavers. G.S. Mains Paper 1 & 3: Impact of Globalisation] Weavers of Chirala in Andhra Pradesh feel a Geographical Indication (GI) tag for their impressive silk sari can help them compete better and survive in the era of globalisation. Having carved a niche for themselves in making the unique silk saris, they feel they will be assured of a decent profit margin if they get the tag. The saris cannot be reproduced by computer- aided design and embroidery units Chirala gets the name from the word 'chira'(sari). e Unequal competition: However, the weavers struggle to eke out a decent living in the face of unequal competition from power loom players. As a result, they have quit manufacturing lungs, dhotis, and blankets. Impressed with the improvement in the living conditions of their counterparts in Mangalagiri, who have got the GI tag for their product, they want the Andhra Pradesh government to facilitate the GI tag for the value-added silk saris they produce to improve their visibility in the Global market.
Who accords and regulates GI tags? Geographical Indications are covered as a component of intellectual property rights (IPRs) under the Paris Convention for the Protection of Industrial Property GI is also governed by WTO's Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). In India, Geographical Indications registration is administered by the Geographical Indications of goods (Registration and Protection) Act, 1999 which came into force with effect from September 2003. The first product in India to be accorded with GI tag was Darjeeling tea in the year 2004-05.
Page-7: Prime Minister announces 32.350 cr. for North East The Prime Minister's National Relief Fund (PMNRF The PMNRF was established in 1948, with public contributions to assist displaced persons from Pakistan. The resources of the PMNRF are now utilized primarily to render immediate relief to families of those killed in natural calamities and to the victims of the major accidents and riots e The fund consists entirely of public contributions and does not get any budgetary support. The corpus of the fund is invested with PSU banks in various forms. Disbursements are made with the approval of the Prime Minister. PMNRF has not been constituted by the Parliament. It is recognised as a Trust under the d as a Trust under fie IT Act.
Page-10: Why NOTA for RS poll, asks Ahmed Patel. Congress leaders questioned the move to introduce NOTA option after the notification of poll in State. First, Rajya Sabha election was postponed. Second, NOTA was permitted post-notification. The Supreme Court has agreed to hear a plea moved by the Gujarat Congress challenging the decision to use None of the Above (NOTA) option in the upcoming Rajya Sabha polls in the state. As per government officials, the directions to use NOTA in Rajya Sabha elections were enforced in January 2014 after the Supreme Court in 2013 made it mandatory to have NOTA option in EVMs. Congress had approached the Election Commission against the use of NOTA option in the upcoming Rajya Sabha elections, claiming it was violative of the Constitution and electoral laws, but the poll panel maintained that it was not a new direction and was introduced in 2014 In the Rajya Sabha polls, the MLAs have to show their ballot paper to an authorised party agent before putting it in ballot box. If a voter (MLA) defies the party directive and votes for someone else or uses NOTA option, he cannot be disqualified as a legislator. According to ECI rules, But the party is free to take disciplinary action including expulsion. The defiant voter can continue to be an MLA and his vote can also not be invalidated for defying party directions
Page-10: Somalia signs pact on convicts Ocean region near the Horn of Africa. Opening a new front for collaboration in anti-India has in recent years extended development piracy operation in Eastern Africa, India and assistance to Somalia which has included mini Somalia signed an agreement for transfer of buses to the war- battered country sentenced convicts This agreement was the highlight of the ongoing visit of the Foreign Minister of Somalia. Diplomatic contacts between India and Somalia have been infrequent, however, Somalia had participated in the 2015 India- Africa Forum Summit. 1 Transfer of prisoners 2. Issue of Piracy: The entire gamut of India Somalia bilateral relations, including the issue of piracy and maritime security, were discussed between the two sides during the meetings The collaboration between two sides will be significant due to the incidents of piracy that have affected Indian interests in the Indian
Horn of Africa countries: Djibouti, Eritrea, Ethiopia, and Somalia. SUPANAN K HNYA AFpO1
Business Page: Manufacturing PMI at 47.9, records steepest contraction since Feb, 09 Manufacturing activity in July slowed to 47.9, the lowest level since February 2009, according to the Nikkei Manufacturing Purchasing Managers' Index, due almost entirely to the introduction of the Goods and Services Tax on July The reading was significantly lower than the 59.9 seen in June implies an expansion of activity while one below 50 denotes a contraction. Impact of GST: PMI survey data indicated that the introduction of the goods & services tax (GST) weighed heavily on the Indian manufacturing industry in July New orders and output decreased for the first time since the demonetisation-related downturn recorded in December last year, with rates of contraction the steepest since February 2009 in both cases. What is t he 'Purchasing Managers' Index - PMI' The Purchasing Managers' Index (PMI) is an indicator of the economic health of the manufacturing sector. The PMI is based on five major indicators: new orders, inventory levels, production, supplier deliveries and the employment environment. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing manager
me: Medium 1. The Hindu News Analysis 2. The Hindu Editorial Analvsis 3. Daily PIB Summar 4. Daily MCQs on Current Affairs [Hindi & English] [Hindi & English] [Hindi & English] [Hindi & English] 5. Yojana/Kurukshetra Analysis Coming soon. [Hindi & English] 6. Indian Polit rash Course [Hindi for now] 7. Most Important Current Affairs [Hindi & English] A re-cap of Most Important A re-cap of Most useful Editorials of the week Sunday-Weekly DNA Review: News of the week Sunday-Weekly Editorial Review: