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31st October 2018 Part-1: Daily News Analysis
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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.

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  1. eCLODaily News Analysis GLOEALrom Tepress, tol for Menday'ame forward to chester United So. i look forward toit Malott has top start sea ar stacea WARMING Parliamentary Committees from THE HINDU, aris DealIndian express, Tol, thct ha Policy pO CAG Slams ng Judicial Over-reach pho reve e ga en to Livemint for ayImt had he otaisu31st October, 2018 eanded by many also a pur Daily News Anlysis that Kha aieDaily News Analysis Legislative Adventurism .austrial Productio that itao mont written to fo financial crisis a pu n ipsa dolk Metdowi lAs Is there a need for Stimulus China's Belt & Road


  2. To access: Searching for "jatin verma" - Daily Editorials DNA - MCQs EDUCATORS Jatin Verma Mahesh Verma Facebook Group Youtube and Telegram Channel IAS Tayari with Jatin Verma unacadem You Tube


  3. want fo be start but th ANSWERS TO DAILY MCOs- 30th OCTOBER 1) Answer: (d) Explanation Union government has recently notified the Electoral Bond scheme, The electoral bond sales ph reve comes at a time when assembly election process in five states including Rajasthan and Madhya Pradesh has started. Statement 1 is incorrect An electoral bond will be valid for 15 days from the date of issue. No payment would be made ^ to any payee political party if the bond is deposited after expiry of the validity period cause ferent Statement 2 is incorrect pu SBI is the only authorised bank to issue such bonds. kand stay


  4. want fo be start but th 2) Answer: (b) Explanation Statement 1 is correct. h: ASEM encompasses 60% of the world population. ph Statement 2 is incorrect. he g It comprises ASEAN members, UN Security Council members and European Commission members. It does not include South Africa which is a member of BRICS 3) Answer: (a) Explanation Amur Falcons and Greater Flamingos are of IUCN "Least Concern" status. Siberian Crane is critically endangered species. The Amur Falcon Festival is organized by an NGO, Tyrso Valley Wildlife Protection Society to celebrate the "birds that have this back-of-beyond area famous" cause ferent pu kand stay The festival is scheduled on November 7-8, a fortnight before the birds are expected to soar for the next destination on their migration.


  5. want fo be start but th 4) Answer: (b) Explanation: Statement 1 is incorrect The Maternity Benefit Act was amended to provided women working in the government sector ph with 26 weeks of maternity leave. eg Statement 2 is correct. According to International Labour Organisation and National Sample Survey, India's female labour force participation has shown a decreasing trend for data available till 2012. cause ferent 5) Answer: (c) Explanation The State Planning department has released the progress of states in economic growth in the country Statement 1 is correct. Andhra Pradesh has topped the list with an average growth of 10.5% during the last four years. Statement 2 is correct. Andhra Pradesh is the only state with double digit growth. pu kand stay


  6. want fo be start but th MCOs FOR 31ST OCTOBER 1) Which of the following statements is/are true regarding Early Warning Dissemination system launched in Orissa? 1. It is a first of its kind automatic public address system in the country ph reve 2. It was developed under the collaborative efforts of the Central and the State government. Select the correct answer using the code given below: (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 cause ferent pu kand stay


  7. want fo be start but th 2) Which of the following statements are correct regarding Crime and Criminal Tracking Network & Systems? 1. It is a project under the National e-Governance Plan (NeGP) of India 2. It is implemented by the National Crime Records Bureau (NCRB) ph reve Select the correct answer using the code given below: (a) 1 only (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 ink h cause ferent pu kand stay


  8. want fo be start but th 3) Which of the following statements are correct regarding green crackers? 1. They do not contain harmful chemicals. 2. Aluminum is used as the primary source of heat Select the correct answer using the code given below: ph he st (a) 1 only rev (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 cause ferent pu kand stay


  9. want fo be start but th 4) Consider the following statements regarding World Wide Fund for nature (WWF) 1. It is an inter-governmental organisation working for wilderness preservation and reduction of human impact on environment 2. The Living Planet Report is published by the WWF ph reve Which of the statements given above is/are correct? (a) 1 only (b) 2 only (c) Both 1 and 2 cause ferent (d) Neither 1 nor 2 pu kand stay


  10. want fo be start but th 5) Consider the following statements regarding 'Significant Economic Presence' (SEP) concept. 1. It was introduced in Finance Act, 2018. 2. Monetary limits have been defined in the Act to define SEP, Which of the statements given above is/are correct? ph he st (a) 1 only rev (b) 2 only (c) Both 1 and 2 (d) Neither 1 nor 2 ink h cause ferent pu kand stay


  11. want fo be start but th Important News Articles Taking Delhi/Noida edition as the base 1. Page 1: CBI officer moves SC for SIT probe in Asthana case 2. Page 12: Protection for Asthana case whistle-blower ph reve 3. Page 1: 'States can fix own slots for crackers 4. Page 6: Statehood sought for Assam's Barak Valley 5. Page 7: 'India among nations that face grave danger to soil biodiversity 6. Page 12: RBI failed in its duty as a regulator, says Jaitley cause ferent 7. Page 12: India invites Italian firms to invest in defence sector 8. Page 15: CP redemptions keep NBFCs on edge pu 9. Page 15: Liquidity, economy figure in FSDC meet kand stay


  12. want fo be start but th Page 1: CBI officer moves SC for SIT probe in Asthana case Ajay Kumar Bassi, the CBI officer who probed corruption allegations against the agency's Special Director, R.K. Asthana, before he was removed from the case, approached the Supreme Court with a plea to set up a Special Investigation Team (SIT) to investigate the y has ph case rev Mr. Bassi said his transfer on October 24 was a mala fide move. Asking the court to quash his transfer, Mr. Bassi alleged that it was a ploy to derail the investigation in a highly sensitive case He asked the court to direct the CBI to produce the evidence collected so far in a sealed ink h ferent cover. Mr. Bassi charged that he was facing intimidation and veiled threats from the present investigating officer in the case. He said in his application that the statement of the 'whistle-blower' in the case, Sathish Babu Sana, revealed "shocking details of alleged corruption by Mr. Asthana, the then Special Director CBI, in collusion and conspiracy with other co-accused persons namely, Somesh PLI kand stay . Prasad and Manoj Prasad and other unknown accused persons.'"


  13. want fo be start but th Page 1: 'States can fix own slots for crackers'. Cracker Federalism ] The Supreme Court modified its October 23 order restricting the time for bursting crackers on Deepavali and other religious festivals to two hours, between 8 p.m. and 10 p.m Instead, it allowed Tamil Nadu and adjacent southern States to decide when people can burst crackers on festival days, provided the total time does not cross the two-hour mark. This he means the authorities can stagger the time slots and even make it an hour in the morning and another in the night Further, the court said its direction that only green crackers could be manufactured and sold is only applicable to Delhi and the National Capital Region. On October 23, the court held that only green or improved crackers would be used for ink h cause ferent religious festivals and other occasions, including weddings. The court had fixed a uniform slot for bursting crackers across the country. During Deepavali and other religious festivals, the slot is between 8 p.m. and 10 p.m Tuesday's modifications came after the court seemed to agree with Tamil Nadu's contention that restricting the time for bursting crackers to just two hours in the night would be a violation of religious rights of people in the southern parts of the country, where Deepavali is elebrated in the morning. PLI kand stay


  14. want fo be start Blue planet The map is under threat intensive agricuiture, fire soil erosion, desertification &cimate change but th ding to risk index which indicates threats from of above-ground diversity, pollution, nutrient over-loading, over-grazing, Risk index VERY LOW LOW MODERATE HIGH VERY HIGH WATER ICE ph reve ink h cause ferent pu 90% of the kand stay world's seabirds may have bits of lastic in their 2000 of the Amazon rainforest has disappeared in the last 50 years 170 The number of times global temperature has risen 6000 The fall in the numbers of fish, birds, mammals and reptiles from 1970 to 2014 stomachs mage Credit: The Hindu


  15. want fo be start but th Page 12: India invites Italian firms to invest in defence sector. India invited Italy to participate in the defence sector under the 'Make in India'scheme. The invitation was extended during the high-level discussion between visiting Prime Minister Giuseppe Conte and Prime Minister Narendra Modi, which also included an agreement to counter terror financing and state sponsors of terrorism reve eIndia and Italy held the 9th Military Group Meeting earlier in October in which they agreed on cooperation in 2019. This was the first time the two countries have agreed on joint defence production since the Augusta-Westland case exploded in 2013. India's Scorpene submarine project has suffered due to the controversy which left the submarines without the Black Shark torpedoes Mr. Conte's visit is the first since he took charge in June 2018 Mr. Conte also indicated support for India's quest for membership in the Nuclear Suppliers Group and underlined Rome's support to India's membership in the global technology cause ferent PLI kand stay export groups


  16. want to bee starton Page 15: CP redemptions keep NBFCs on edge th With commercial papers (CPs) worth lakh crore coming up for redemption by mid-November non-banking finance companies (NBFCs) and micro-finance institutions (MFIs) are in a quandary on how to tide over the liquidity crisis . While large lenders are sitting on comfortable liquidity, it is the mid and small NBFCs and MFIs that are likely to face the crunch reBanks and mutual funds are the main sources of funding for housing finance companies and other he NBFCs. While banks contribute about 40% of the funding, MFs contribute 30%. According to estimates, 55% of NBFC papers with mutual funds have less than 90 days maturity, which could lead to redemption pressures Anticipating liquidity pressure, micro-finance institutions are meeting their lenders on November 1 to discuss ways to tide over the liquidity crunch Lack of cash would impact business growth for MFIs in the festive season when loan demand is typically high While large MFIs have access to bank finance, the mid-sized and smaller ones depend on funds from i NBFCs. . . ad If NBFCs face cash crunch, then that will have a cascading effect on the MFI sector. . Anticipating liquidity crunch, the RBI has announced 40,000-crore liquidity infusion in November through open market operations. The liquidity deficit in last fortnight was about?! lakh crore on an average On some days, the deficit spiked to 11.5 lakh crore es that I


  17. want fo be start Strain on the purse but th Lack of cash would impact business growth If NBFCs face cash crunch, then that will have a cascading effect on the MFI sector refor MFls in the festive season when loan demand is typically high 55% of NBFC papers pe an While large MFls have with mutual funds have less than 9O days maturity, which could lead to 2 access to bank and l stay nance, the mid- sized and smaller ones depend on NBFCs redemption pressures Image Credit: The Hindu


  18. want fo be start but th Page 15: Liquidity economy figure in FSDC meet Finance Minister Arun Jaitley and Reserve Bank of India Governor Urjit Patel met face-to- face-at the Financial Stability and Development Council (FSDC) meeting for the first time after the tension between the government and the central bank became public. .The council discussed at length the issue of real interest rate, current liquidity situation, he including segmental liquidity position in NBFCs and the mutual fund space rev The panel also decided that the regulators and the government will keep a close watch on developments and take all necessary measures. .The FSDC is headed by the Finance Minister and comprises the RBI Governor, the SEBI cause t ferent Chairman, and heads of regulators such as PFRDA, IRDAI and the Chairman of the Insolvency and Bankruptcy Board. Sources present at the meeting said that Dr. Patel said the liquidity scenario among NBFCs was not as severe as it was being made out to be, but also assured the government that the RBI would ensure adequate liquidity in the system. . kand stay .PFRDA chairman Hemant Contractor later told reporters the FSDC also discussed the health of the economy, both domestic and global and issues due to rising oil prices.