DAILY SUMMARY AND ANALYSIS OF THE HINDU in Hindi 8'th June,2017 Presented by Amit Baghel
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New data on jobs to be all inclusive' NITIAayog recommend inclusion of data on jobs created under the government's employment generation programmes such as MGNREGA and MUDRA. The revamped data will also use proxies and some unorthodox methods such as vehicle registrations in the country in a year to determine informal job creation in the economy For instance, how much employment is generated in the form of mechanics, cleaners or drivers with the registration of vehicles? Use of technology mobile phones or tablet devices in conducting employment survey by agencies such as The Centre would also use data from social security schemes such as the Employees' Provident Fund, National While the enterprise-level quarterly survey may be conducted by Labour Bureau, the annual household survey conducted by the Bureau at present may go. It will be replaced with a revamped annual household survey which ational Sample Surve
India will remain among top 3 investment destinations till '19 WHO revises antibiotics protocol India will remain among the top three till 2019, investment destinations g according to a survey by the United Nations In an effort to curb antibiotic resistance, the World Health Organization (WHO) has divided the drugs into three categories-access, watch and reserve (UNCTAD) 'access' group be available at all times as India ranked 10th in terms of FDI inflows in 2016 with $44 billion coming in, as in 2015 treatment for a wide range of common infections This includes amoxicillin, a widely-used antibiotic to treat infections such as pneumonia Over the next two years, India will be behind only the U.S. and China in terms of investment attractiveness, watch' group covers antibiotics that are recommended as first or second choice treatment for a small number of infections. Ciprofloxacin, used to treat cystitis (a type of urinary tract infection) and upper respiratory tract infections (like bacterial sinusitis and bacterial bronchitis) falls under this category. Global foreign direct investment (FDI) is expected to rise by 5%, to almost $1.8 trillion in 2017 the report noted that although FDI flows had remained the same in 2016 as they were in 2015, there was global interest in mergers and acquisitions in the Indian market. reserve' group includes antibiotics such as colistin and some cephalosporins that should be considered last-resort options, and used only in the most severe circumstances when all other alternatives have failed, such as for life-threatening infections due to multidrug-resistant bacteria. Cross-border mergers and acquisitions deals have become increasinaly important for foreign multinational enterprises to enter the rapidly-growing Indian market,
SC to hear plea on cattle trade rules The Supreme Court agreed to hear a petition challenging notifications issued by the Centre banning sale and trade of cattle in livestock markets The petition said would cast a "huge economic burden" on farmers and cattle traders, exposing them to harassment by cow vigilante and the police Provisions of the Prevention of Cruelty to Animals (Regulation of Livestock Markets) Rules and Prevention of Cruelty to Animals (Care and Maintenance of Case Property Animals) Rules, were unconstitutional Rules extend the definition of "animal markets" to "any other premises or place" to which animals are brought for sale It indirectly depriving citizens to have the food of their choice. Useless cattle issue . Restriction on slaughter would force farmers to hold on to "useless" cattle. "Farmers who find it difficult to feed their children today would be required to feed the cattle .It quoted the Supreme Court's Constitution Bench judgment in the M.H. Quareshi case that "maintenance of useless cattle involves a wasteful drain on the nation's cattle feed". Article 19 . The fundamental right to carry on trade under Article 19 could be restricted only by the legislature and not through a delegated executive fiat which violates the Prevention of Cruelty to Animals (PCA) Act of 1960 itself The 1960 Act only intends to prevent the infliction of unnecessary pain or suffering on animals. It does not ban slaughter for food Article 25 &29 Right to freely practise religion under Article 25 and to the cultural identity of communities protected under Article 29 (protection of interests of minorities) of the Constitution. A right under Article 25 can be restricted on the grounds of public order morality and health Zeroing in on Rule 22 . Zeroing in on Rule 22 of the Livestock Markets Rules, creates "unconstitutional restrictions" on traders who use cat many an ancestral and traditional occupation.
RBI holds rates to retain 'credibility' The decision by the Reserve Bank of India (RBI) to keep the policy repo rate unchanged, shrugging off a sharp deceleration in retail inflation, brought to the fore clear signs that the Centre and RBI are not seeing eye-to-eye on interest rates sthend o the palioz albank and the Centre or som reovery, chag ts ol snge fiom the members of the Monetary Policy Committee (MPC) had declined an invitation to meet with Finance Ministry officials ahead of the policy review,_could undermine the central bank's autonomy and hurt the credibility of the MPC Tension had been brewing between the central bank and the Centre for some time over several issues, but the most important disagreement was over the RBl's views on inflation. The RBl had, in February, changed its policy stance from accommodative' to 'neutral' due to inflation concerns, surprising many. While Consumer Price Index (CPI) data released last month showed retail inflation slowed to 2.99% in April, the RBI projected headline inflation to be in the 20-35% range for the first half of the current fiscal year and 35-45% in the second half RBI View The MPC highlighted the risk of 'premature action at this stage and said it would be wise to remain watchful of incoming data thus avoiding disruptive policy reversals at a later stage. Govt View Chief Economic Adviser Arvind Subramanian told reporters, slamming the RBI's position on inflation. He termed real policy rates as "tight and rising" at a time of low inflation and slowing growth
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UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.