Jatin Verma is teaching live on Unacademy Plus
DAILY THE HINDU NEWS ANALYSIS JUNE 9, 2017 By Jatin Verma, Educator, Unacademy. unacademy
Page 1: Come next week, fuel prices will change daily. Daily revisions will make retail prices more reflective of the current market conditions minimising the volatility in the retail sales price of petrol and diesel. Further, it will lead to increased transparency . Oil marketing companies are taking steps to establish a mechanism for conveying the prices to consumers every day, including prominent displays at retail outlets, and sending price-related data or SMS from centralised locations or mobile apps Brent blend; West Texas Intermediate: Dubai-Oman Index It's easier for refiners to make gasoline and diesel fuel out of low-sulfur, or sweet crude than oil with high sulfur concentrations. Low-density, or "light" crude is generally favorable to the high-density variety for the same reason.
Question. In the context of global oil prices, "Brent crude oil" is frequently referred to in the news. What does this term imply? [Prelims-2011] I. It is a major classification of crude oil 2. It is sourced from north sea. 3. It does not contain sulphur. Which of the statements given above is/are correct? (a)2 only. (b) and 2 only. (c) I and 3 only. (d) 1,2, and 3. Other Facts: While petrol price was freed from government control in June 2010, diesel rates were deregulated in October 2014. Technically, oil companies have freedom to revise rates but often they have been guided by political considerations.
Page 6: Punjab farmers to protest on June 12 for loan waiver G.S. Paper-3: Issues related to direct and indirect farm subsidies & MSPs] . The Swaminathan Commission report had recommended fixing the minimum support Prices (MSP) for crops at at least 50% over the weighted average cost of production. . The implementation of these recommendations is required urgently because lower prices of agricultural produce disproportionate to the cost of farm inputs have resulted in farmers raking up debts Loan waivers so far: 1. Tamil Nadu: Asserting th Loan waivers so far: I. Tamil Nadu: Asserting that there is no rationale behind the classification of farmers into three groups for the purpose of granting farm loan waiver, and that there is no intelligible differentia taken note of by the State government, Madras High Court has directed the government to extend the waiver to all the farmers irrespective of their extent of landholding. 2. Uttar Pradesh 3. Maharashtra (next?) Agriculture: State List Entry-4 Agriculture: State List Entry-14
Page 7: Only PSUs may be let to make Oxytocin [G.S. Paper-2 Polity & Gov] . After being banned in retail markets, the Drug Controller will soon restrict manufacturing of controversial hormone drug Oxytocin to public sector undertakings (PSUs). The drug is used by diary owners and farmers to boost milk production and make vegetables look bigger and fresher. Oxytocin is a hormone known to trigger a wide variety of physical and psychological effects and is commonly used to facilitate childbirth. The Gol banned retail sale of the hormone in 2014 after it was found that indiscriminate use of Oxytocin in milch animals and by farmers was causing irreversible hormone damage.
. Page-7: Water Quality Index set to be announced soon [G.S. -3 Environment] Based on the proposal of the Telangana State Pollution Control Board (TSPCB), the Central Pollution Control Board (CPCB) is working on coming up with a Water Quality Index, on the lines of Air Quality Index (AQi). Page Il: PM to meet Xi to repair bilateral ties [G.S.-2 Int. Relations] Differences over China's Belt and Road project, Dalai Lama's visit to Arunachal Meeting on the sidelines of SCO Summit Astana, Kazakhstan; The SCO grouping, which China and Russia initi-ated in 2001, focusses on se-curity cooperation between its members. [lt is a counter to NATO]. SCO currently comprises China, Russia, Uzbekistan, Kazakhstan, Kyrgyzstan and Tajikistan.
PM Modi's JULY 2015 Visit to Central Asian countries: Prime Minister Narendra Modi's visit to Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan and Turkmenistan gave a fillip to trade between India and these Central Asian nations, despite China having forged deep trade links in the region. Trade with the Central Asian region, despite a huge demand for generic drugs, leather, expertise in telecommunication, exploration and food processing capabilities, has been abysmally low. Enhancing the credit line to the Central Asian nations to match the "liberal" extensions from China, government-to-government agreements, zero tolerance for complaints of trade malpractices and immediate response to trade disputes, as measures to improve ties with the region that holds strategic importance for India. . Between 2000 and 2014, trade between India and the Central Asian republic had beena mere 0.1 per cent of India's overall trade Despite trade increasing sharply during 2013-14to reach $1,238 million, it is only with Kazakhstan that bilateral trade has grown
UPSC Previous Year's Question: Question. Arrange the following Countries from North to South Answer. Kazakhstan, Uzbekistan Kirgizstan, Turkmenistan, Tajikistan Dimensions of SCO Relevance for India Economic &T HQ Based in Shanghai, China. Security[RATS] Regional Anti-Terrorist Structure (RATS) based in Tashkent.
The Caucasus and Central Asia LITH. LAT Vilnius RU S SIA BELARUS 2 UKRAINE KA Z AK HSTAN KAZAKH S TA N Alyrao Black Sea KYRGYZSTAN Caspiarn Sea KEY rML C HINA TURKEY UZBEKISTAN TURKMENISTAN KMENIS 1a OushanbeTJIKISTAN SYRIA Mary PAKISTAN--:-al Tevan IRAN Tehr n IRAQ JORDAN Kabul AFGHANISTAN INDIA
Page II: Are cattle trade rules good in law? Question before Supreme Court is whether they override animal cruelty Act. . Centre is only empowered by the Act to notify rules which are in furtherance of the purposes of the 1960 Act, cardinally that no animalnot just cattle is caused unnecessary pain and suffering The Supreme Court has consistently said that rules that contravene or rewrite the parent law, in this case the 1960 Act, should be rendered invalid for arbitrariness and unreasonableness. Caution required: Where a Rule is directly inconsistent with a mandatory provision of the statute, then of course the task of the court is simple and easy. But where the contention is that the inconsistency or non-conformity of the Rule is not with reference to any specific provision of the enabling Act, but with the object and scheme of the Parent Act, the court should proceed with caution before declaring invalidity