Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 5th September 2017 By Jatin Verma Educator Unacademy
Page-l: Centre refuses to offler assurance on Rohingya. [GSM- 2 Polity + International] .The Centre refused in the Supreme Court to give 40,000 Rohingya Muslim immigrants an assurance that it will not move for their deportation back to Myanmar The court then asked Mr. Mehta to take instructions from the government on the plea made by the Rohingyas to protect their life and liberty. . The 40,000 Rohingyas are the world's most wretched people. They have been persecuted everywhere. Their deportment would violate India's commitment to international conventions which recognise the "Principle of Non-Refoulement." This principle of customary international law prohibits the deportation of refugees to a country where they face threat to their lives. . The UNHRC Report of 2016 on the Human Rights violations and abuses against Rohingya Muslims and other minorities in Myanmar has noted successive patterns of serious human rights violations in Mynamar Recently, the National Human Rights Commission had also issued notice to the go to the right to life, liberty and security of the Rohingyas by state security forces and other officials . vernment on the proposed deportment
Page-9. Interview with UN special Rapporteur on Rohingya issue. [GSM-2: IR] . The recent Kofi Annan Commission report on the crisis indicated that there is a possibility of'threat posed from potential radicalisation. . The domestic law of Myanmar, 1982 Citizenship Law has to be amended to make sure that those who are living there for generations get their citizenship status as soon as possible. For the first time that reports have surfaced of about 10 Hindus being killed and 500 fleeing to Bangladesh and the ethnic Mro community people killed as well. In March, in the Security Council, China and Russia blocked a statement on Myanmar which was expected to be critical of the government. . How effective it [United Nations] is when powerful countries are blocking a move?
Page-I 2: Daily revision of fuel price to stay: Petroleum Minister. [GSM-3: Economy] Daily revision in prices is good. When we started daily revisions on June 16.rates dropped in the first fortnight. Page-13: India pitches for a credit rating agency India strongly pitched for the setting up of a BRICS credit rating agency to counter western rating institutions and cater to the financial needs of sovereign and corporate entities of developing nations . PM said, "Our Central Banks must further strengthen their capabilities and promote cooperation between the Contingent Reserve Arrangement and the IMF [International Monetary Fund] Three western agencies hold over 90% of the sovereign ratings market.
. Page-12: Naming JeM, LeT not new;action must shift to UN.[GSM-2: IR] The BRICS declaration at Xiamen, that included a paragraph on terror has been hailed as a major shift of China's policy of protecting Pakistan based groups. However, experts point out that the reference to the Jaish-e-Mohammad (leM) and Lashkar-e-Taiba (LeT) is not a first for Beijing, and must be reinforced by a bilateral commitment on terrorism during the meeting between President Xi Jinping and Prime Minister Narendra Modi expected on Tuesday. In particular, they hope the BRICS statement will translate into China removing its block on designating the JeM chief Masood Azhar as a U.N. Security Council sanctioned terrorist when its current hold on the process at the UNSC expires on November I this year. Beyond statements: lt is obvious that China's new role in the region, including the Shanghai Cooperation Organisation (SCO) leadership, has given it new responsibilities, and it is significant that this shift also comes post-Doklanm.
Earlier efforts Last year's BRICS conference in Goa had seen a major tussle over including the names of Pakistan-based terror groups and the term "cross-border terrorism" in the wake of the Uri attacks. Officials admitted that they had not been successful in having the specific names of groups added to the statement apart from that of the Islamic State. . However, two months later, at the 6th Ministerial Conference on Heart of Asia conference in Amritsar, India had attempted a different line during negotiations on the joint text, which was signed by 14 countries including China and Pakistan, naming groups that attack security forces in Russia, China, India, Pakistan and others.The resultant declaration had the same language used in the BRICS declaration this time. Analysts hope the BRICS statement will be seen as a progression in China's stand, but point out that it has been 16 years since China and other UNSC countries designated the Jaish-e- Mohammad and more than a decade since the Lashkar-e-Taiba was similarly designated, but real action against the groups and their leadership is still awaited.
Page-15: RBl includes HDFC Bank in the 'too big to fail' list. [GSM-3: Economy] The Reserve Bank of India has added HDFC Bankthe second largest private sector lender of the country- in the list of Domestic Systemically Important Banks (D-SIBs). State Bank of India and ICICI Bank continue to be in that category Following the global financial crisis of 2008, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the orderly functioning of the financial system, which in turn, negatively impacted the real economy. It was decided to identify such institutions and prescribe them higher capital requirements. The RBI has adopted a system by which banks are plotted into four buckets based on a lender's systemic importance scores in ascending order. . The banking regulator prescribes higher capital requirements - in terms of additional Common Equity Tier I (CET I) capital-for such entities.
-RBl declares a list of D-SIBs every year. -The first list was released in 2015, in which SBI and ICICI Bank were named systemically important. -Both these lenders have been designated on the basis of a systemic importance score, arrived at after an analysis of the banks' size as a percentage of annual gross domestic product (GDP) -Banks with assets that exceed 2% of GDP will be considered part of this class of lenders.