Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 2nd September 2017 By JATIN VERMA Educator Unacademy
Topics to be discussed Today I. India's growth will rebound to 7%-75%,-NITI Aayog 2. Switzerland for early India-EFTA pact 3. Centre tells PSBs to begin merger process 'immediately'[Narsimham Committee- Issue] 4. SC to hear Rohingya plea for help 5. India to sign 4 pacts during BRICS summit - In Brief 6. Concern in Colombo over delay in Indian project:s 7. Adani, SAAB tie up to build fighter jets 8. Kenya's Supreme Court annuls presidential vote
News Editorials for Today I. Unending slowdown- On economy 2. To clear the path ahead- Triple Talaq 3.A blind eye Myanmar Rohingya crisis News Editorials for Ist September 2017 I.Is it time to review Section 377? 2.Understanding the Chinese mind To access Editorial analysis video, log on to www.unacademy.com and search for Educator profile named, Jatin Verma
Business Page- I l:India's growth will rebound to 7%-7.5%, [GSM-3: Economy] The new Vice-Chairman of NITI Aayog Rajiv Kumar said he was confident that India's growth would rebound to 7%-75% in the current quarter after declining for five consecutive quarters. . He also categorically dismissed any link between the slowdown in growth and demonetisation. . As per official data released on Thursday, India's GDP grew at 5.7% between April to June this year, the slowest pace in 13 quarters. . In the July-September quarter, economy will grow by minimum 7-75%. Confident was being exuded on the basis of three factors: [i]Re-stocking has started, [ii]there is more clarity on the GST and [ii]there is prediction for a good monsoon. [iv] a surge in private firms lining up for IPOs to raise funds and the buoyancy in the capital markets Demand deflation':If Corporate sector was not investing, it has been because there has been a demand deflation. There are excess capacities in the system and a large number of corporate houses are stuck with weak balance sheets.
Business Page-ll:Switzerland for early India-EFTA pact[GSM-2: International] Switzerland President Doris Leuthard said the early conclusion of the proposed Free Trade Agreement(FTA) between India and European Free Trade Association (EFTA) as well as an investment protection framework would boost economic ties between the two sides, while at the same time reiterating that Switzerland was aware of the sensitivities of both the sides on the pact. EFTA members include Switzerland, Iceland, Norway and Liechtenstein. She highlighted certain ongoing issues between both the sides: i] Early Conclusion EFTA Negotiations that have been running between India and EFTA since 2008, to fruition. [ii] Investment protection framework to be the base of the new era of cooperation. [ii Data Security: Data owners' rights have to be protected to promote investments. Internet is evolving at a rapid pace but there is a regulatory gap. iv] Intellectual Property Rights India-EFTA trade fell to $19 billion in 2016-17 from $21.5 billion in 2015-16. The trade balance was in favour of EFTA members.
e India's Response: [i]On the issue of intellectual property rights (IPR), India's IPR regime was in compliance with the global rules and "we shall ensure that the patent, copyrights and trademark rights of any individual or company is respected." [ii] On the data security issues, Ms. Sitharaman said though the topic was discussed at the World Economic Forum at Davos more discussions were required India sought greater participation at the Internet Governance Forum (IGF) to be held in Geneva in December The Internet Governance Forum (IGF) is a multi-stakeholder forum for policy dialogue on issues of Internet governance. It brings together all stakeholders in the Internet governance debate including governments, the private sector or civil society, the technical and academic community, on an equal basis and through an open and inclusive process. The Establishment of the IGF was formally announced by the United Nations in July 2006. It was first convened in October-November 2006 and has held an annual meeting since then.
Business Page: Centre tells PSBs to begin merger process 'immediately' [GSM-3 Economy- Public Sector] The Centre asked public sector banks to start the merger process immediately and their respective boards to take up the issue. Approval requirement of Competition Commission to expedite mergers among PSBs had been done away with. Government cited the Narasimham Committee Report and highlighted the need for large-sized bank that could fund the huge infrastructure need of the country Larger framework:A broad framework has been provided to the banks to take the merger exercise forward. According to the framework: ilonce the board approves the merger plan, it has to be sent to the 'alternative mechanism approved by the Union Cabinet last week. [ii]Banks have also been asked to seek the banking regulator's view regarding their proposal SBl Caps has also been given the mandate to identify synergies among the banks that could be merged
. Weak banks do not have a choice but to merge with stronger banks as the former's growth will be impacted due to weak balance sheet. . Probable Obstacle: While the government wants the proposal for the merger should come from the bank itself, bankers said it is to be seen how many banks actually send such a proposal because it will mean one of the chief executives will lose his/her job. are reeling under the pressure of asset quality which has depleted capital. government to the banks asking them to start the merger process The move comes at a time when banks, mainly public sector that controls 70% of the market, o This was the first time in recent history that an official communication had come from the Gross Non-Performing Asset Ratio in the banking system was 9.6% and Stressed Asset Ratio at 12%, as on March end.
Question: Considering the Global trends in the aftermath of failure of Lehman brothers in the U.S., would you suggest India to go for Large banks? Identify the requirements of the Indian Economy which only a large bank could fulfil. Answer: Arguments in Favour are more than arguments against: [i] Infrastructure: for infra projects, average loan size is huge 2] Economies of Scale in operations of the bank  ownership would anyway remain with Government Arguments against: Diversified Banking??? Conclusion: Failure of Lehman brothers was essentially a Regulatory failure. Infact, India's Mr. Raghuram Rajan had predicted it long ago.
.Page-9: SC to hear Rohingya plea for help[GSM-2: Polity-Fundamental Rights] The Supreme Court agreed to hear an urgent plea made by two Rohingya Muslim immigrants against the government's proposed move to deport their 40,000-strong refugee community back to their native Myanmar, where discrimination and possibly summary executions await them. Petitioners said the Centre's move to deport them violated the constitutional guarantee that the Indian state should "protect the life and liberty of every human being, whether citizen or not. . If they are deported, they may be executed . Recently, the National Human Rights Commission issued notice to the government on the proposed deportation plan The proposed deportation is contrary to the constitutional protections under: Article 14 (equality), Article 21 (right to life) and Article 51(c) (respect for international law and treaty obligations) of the Constitution despite these constitutional and statutory requirements.
- Page- 9: Adani, SAAB tie up to build fighter jets [GSM-3: FDI, Make in India] The Make-in-India deal will be contingent upon Adani being shortlisted by IAF . As the Indian Air Force (IAF) gears up to issue a multibillion dollar tender for over a 100 single engine fighter jets, the Adani group announced a collaboration with Swedish defence major SAAB to manufacture Gripen fighter jets in India, if selected. However, the partnership would be contingent upon Adani being shortlisted in the evaluation process Sweetening the offer on the Gripen, SAAB would do complete technology transfer including the source codes" to India. So far,Adani has no presence in the defence sector and no experience in the manufacturing space either. However SAAB and Adani officials drew attention to the latter's experience in industrial engineering, system integration and mega project execution capabilities.
World News: Kenya' Supreme Cour decisions annuls presidential ote rssMenIRI.Poe he first time in history of African Kenya's Supreme Court nullified President Uhuru Kenyatta's election win citing irregularities and ordered a new poll within 60 days, a rare move in Africa where judicial power is often seen as an extension of government. . Violence in 2007 judiciaries that rubber stamp government or presidential decisions. For the first time in history of African democratisation a ruling has been made by a court nullifying irregular elections for the President. East Africa Yemen utI Kenya, a trade gateway to East Africa, has a history of disputed votes A row over the 2007 poll, which Mr. Odinga challenged after being declared loser, was followed by weeks of ethnic bloodshed that killed more than 1,200 people IPdI Ethiopia Kenya Mogadishu Nairobi Seychelles Ta mania res saleam Mayotte . Kenya's judiciary went through sweeping changes after 2007 election violence, on a continent where many Africans complain of Maaritius Madagascar 60o km ROunion France)
The Hindu-Daily Editorial Analysis for August 2017 Enroll4.9k 16 lessons, 3h 47m unacademy Kprev next The order of the Securities and Exchange Board of India imposing trading restrictions on 331 companies suspected of being shell entities is an example of rash regulatory action. The Securities Appellate Tribunal has since rightly ordered the lifting of the trading restrictions imposed on two of the companies that approached it, namely J Kumar Infraprojects and Prakash Industries. n fact, the tribunal stated in its order that"it is apparent that SEBI passed the impugned order without any investigation." Interestingly, the regulatory body had acted on a list of suspect companies that the Ministry of curb invisible money (Electoral... 6. 4th August 2017 Editorial-1: Restoring Parliament's Primacy Corporate Affairs had forwarded after consultation with the Serious Fraud Investigation Office and the Income Tax department. 7. 5th August 2017 Editorial-1: Punishing the Victim(On Dowry Law) Instead of conducting an independent investigation into these suspect companies, SEBI passed the buck to the exchanges and asked them to impose immediate trading restrictions on the companies. Before a proper investigation by SEBI or the exchanges, the companies were put under stage four of the Graded Surveillance Measure, whereby trading is limited to one day a month, the trading price is capped, and buyers are required to deposit money It is suspected that trading on the shares of these "shell" companies was used as a way to launder black In fact, 169 out of the total list of 33l companies had already been suspended from trading before the money order. But on the list were also companies with huge market capitalisations, and it is reasonable to assume 8. 8th August 2017 Editorial-1: A gathering crisis (On groundwater depletion) 9. 8th August 2017 Editorial-2: Raging Rupee (Fundamental Economics explained) t the predominant share of trading on any given day is legitimate. 10. 9th August 2017 Editorial-1: Food for Action (on NFSA) 1:34/14:59 11 9th August 2017 Editorial-2: Rouhani's 15th August 2017 Editorial-1: A Hasty Order- On Sebi's Trade Restrictions 52 challenge 12. 10th August 2017 Editorial-1: Working on the App based mode!.. 809 plays
..1 81%. 11:56 .11 81 %-1 1 :57 Jatin Verma Follow 155k Followers Daily Current Affairs MCQs for August 2017 421 Ratings Ratings & Reviews WhatsApp Roman Saini Facebook A great course by Jatin Verma where he has literally covered all the important news from The Hindu. Must watch I Copy to Clipboard Mohit Rai +More 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 thank 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 Targeted For AIl G.K based Government Exams Objective This is a dally recurring course on important 26k Enrollments Enroll 5.4k Enrollments Enroll
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 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