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DAILY NEWS ANALYSIS from THE HINDU 2nd September 2017 By JATIN VERMA Educator Unacademy
. Page-9: Concern in Colombo over delay in Indian projectsIGSM-2: International] External Affairs Minister Sushma Swaraj is on a visit to Colombo to attend Indian Ocean Conference While assuring the Sri Lankan side that New Delhi appreciated the domestic political challenges facing his government, she urged Colombo to expedite decision-making on the terms of the projects. Political challenges in Sri Lanka: The national unity government led by President Sirisena and Prime Minister Ranil Wickremesinghe from the rival parties SLFP and UNP is under pressure It faces large scale corruption allegations in addition to a challenge from the SLFP faction led by former strongman Mahinda Rajapaksa, who has vowed to topple the government. The government's agreements with foreign actors including China and India have come under sharp criticism from sections in the country's Sinhala-majority south.
An Overarching MoU: The specifics of a However New Delhi has been concerned over Colombo's apparently slow-paced efforts in taking the projects forward. host of India-supported development projects in Sri Lanka have been under negotiatio since April 2017. when the neighbours signed an overarching MoU [i] In addition to jointly developing a World War-era oil tank in the strategically located eastern AFFNA KANKESANTHURAI RAILWAY &PORT OMANTHAI PALALI AIRBASE TRINCOMALEE A9 HIGHWAY port town of Trincomalee, India has more TALAL MEDAWACHHIYA recently expressed interest to operate Sri Lanka's KANDY second international airport in Mattala. The southern town is 40 km away from Hambantota, where China has majority stake in a COLOMBO MATTALA AIRPORT CHINESE BUILT HAMBANTOTA port. INDIAN BUILT
- 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.
Strategic Partnership model to replace the Russian Mig-2ls and Mig-27s in service. of the Defence Procurement Procedure (DPP). The deal for 100 plus fighter aircraft is . IAF is expected to begin the process in the next few months for a single engine fighter aircraft . The procurement would be under the recently promulgated Strategic Partnership (SP) model estimated to be worth over 700,000 crore. . The IAF is in urgent need of new aircraft to augment its falling fighter strength. Out of a sanctioned strength of 42 squadrons, it has 33 Defence Acquisition Council is the hoghest decision making body As per Foreign Direct Investment (FDI) policy in defence sector: FDI up to 49% is permitted under the automatic route, FDI beyond 49% and upto I 00% is permitted through Government approval, wherever it is likely to result in access to modern technology or for other reasons to be recorded FDI in defence sector is subject to Industrial Licence under the Industries (Development & Regulation) Act, 1951.
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
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