Jatin Verma is teaching live on Unacademy Plus
DAILY NEWS ANALYSIS from THE HINDU 9 TH September 2017 By Jatin Verma Educator Unacademy
News Article to be discussed Today. I. Unruly fliers now face life ban 2. Rohingya issue riles up Valley 3. Bali action puts India on other side of debate 4 'Ensure law and order during anti-NEET stir' 5. No shift in policy on Pakistan: China 6. Nepal, China discuss railway connectivity project 7. Carmakers seek stable policies [Analysis- FAME, Job potential]
Page-10: No shift in policy on Pakistan: China . After agreeing to list Pakistan-based outfits Jaish-e-Mohammad (eM) and Lashkar-e-Taiba (LeT) as international terror groups during BRICS summit, China reassured Pakistan that there was no shift in its policy of recognising Islamabad's role in countering global extremism. . Chinese Foreign Minister Wang Yi stressed that Beijing saw Islamabad as a close ally that is a key part of the battle against international terrorism. Post-BRICS balancing: Mr.Wang embarked on a post-BRICS balancing act when he praised Pakistan as Beijing's "good brother and iron friend" . "For years Pakistan has been a victim of terrorism. More importantly Pakistan is an important participant in the international cooperation against terrorism." Chinese Foreign Minister added: When it comes to the issue of counterterrorism, Pakistan has done its best with a clear conscience. In comparison, some countries need to give Pakistan the full credit that it deserves.
. Ahead of his visit, and following the statement at the BRICS summit,Mr.Asif had told in reference to China's decision to endorse a ban on the JeM and LeT during the BRICS summit, that "friends should not be tested every time, particularly in the changed scenario." Instead, we should impose some restrictions on the activities of elements like LeT and JeM, so that we can show the global community that we have put our house in order. yielding to International Pressure Much of the press conference was devoted to the joint role of Beijing, Islamabad and Kabul to ensure durable peace in Afghanistan. . Engagement with Kabul The Chinese have escalated their engagement with Kabul, especially after the collapse of the four-party talks involving the United States, China, Pakistan and Afghanistan. In June, Mr. Wang had visited Kabul and Islamabad to reinforce a Beijing-driven initiative in Afghanistan. . Mr.Wang said that Beijing was "exploring" hosting a China-Pakistan-Afghanistan conference later this year e He said that strategic communication, security dialogue and practical cooperation would be the pillars of the new platform for regional cooperation
. Page-10:World News: Nepal, China discuss railway connectivity project Nepalese Deputy PM is on a visit to China. 3 Agreements: [ilA Railway Connectivity Project under B&RI: Nepal began talks about a railway connectivity project with China. Both sides agreed to take necessary measures to carry out technical study of the project. lij Agreement on Energy cooperation: To undertake a feasibility study to excavate natural gas and petroleum in the Himalayan country, including in the southern Terai plains. ii]Agreement on Tourism opened up Nepal's tourism sector for greater Chinese investment.It will restore cross-border connectivity and people-to-people relations China responded positively on Nepal government's request to immediately reopen the 114- kilometre Araniko highway an old route connecting the two countries The highway was damaged and subsequently closed following the massive earthquake in Nepal in 2015. China has agreed in principle to upgrade the highway The agreements came two days after China held the BRICS summit and indicate Nepal's desire to reach out to Chinese and Eastern markets as an alternative to India.
.Page 10: India could embrace CO2 capture technology An Indian delegation at an international conference on Carbon Capture Utilisation and Storage (CCUS) in Alabama said India will explore the possibility of introducing technologies for capturing carbon dioxide emitted while burning coal and other fossil fuels. . Commercial uses: A lot of advanced research in the area, of late, has been focussing on capturing carbon dioxide emissions from sources like coal-fired power plants, to either reuse or store it so it will not enter the atmosphere. CO2 has commercial and industrial uses, particularly for Enhanced Oil Recovery (EOR) in depleting oil fields. Carbon dioxide has the ability to change the properties of oil and make it easier to extract. . The International Energy Agency's Green House Gas Research and Development initiative organises the annual Post Combustion Carbon Conference, which is currently in session in Birmingham, in the State of Alabama.
Page-1l: Carmakers seek stable policies After 18 months of sudden rule changes that left many carmakers scrambling, some of the industry's largest players are calling on the Indian Government to set clear, stable policies - or face the risk of delays to major investment. India is one of the world's fastest-growing car markets, and getting more companies to manufacture in India-both for its own market and for exportis critical for the government,which needs to create millions of new jobs each year as the workforce expands Executives at automakers like Volkswagen, Hyundai Motor Co. and Tata Motors say that to invest more and better, they need more stable regulation on tax, emission allowances and electric vehicles. The latest setback came last week, when the cabinet approved a move to increase the maximum levy on luxury cars and sport utility vehicles (SUVs) to as much as 25%-less than two months after deciding on a lower rate of 15% as part of the new nationwide Goods and Services Tax.
. Other changes that have caught automakers by surprise include a temporary court ban on the sale of large diesel cars in New Delhi last year and a tax increase for hybrid cars from July. . Hyundai, as a result, has dropped its plan to introduce hybrid cars in India and will now look at bringing in electric cars. He said the company is waiting for clarity on the electric vehicles policy before it decides on any products and strategy. What do Car-makers want? I. Clarity on Electric vehicles policy 2. Biofuel norms- so as to make new investment plans accordingly 3. Reduction in GST cess on SUVs 4. Transitionary incentives for Hybrid Vehicles
Impact of Goods And Service Tax (GST) On CAR Price In India CATAGORY CAPACITY ENGINE POST CURRENT TAXATION EXAMPLE DIFFERENCE GST 29% 31% 43% Under 4 Meter Less than 1.2L Petrol Alto, Baleno, Dzire, Grand i10 31.5% 33.25% 44.7% 51.6% 55% 30.3% 2.5% +1%Cess | Under 4 Meter Less than 1.5L Diesel Brezza, Dzire, i20 TUV 300, Tigor +3%Cess! 2.25% Under 4 Meter Less than 1.2L Petrol 1.5L Diesel Ford EcoSport, 1.7% | 8.6% | 12.0% 12.7% 75% 28% + 15% Cess More than 1.2L Petro 1.5L Diesel 43% City, Ciaz, Mini Cooper, E-class Merc GLC, Audi Q7, Creta, Tiguan Prius, Accord Hybrid More Than 4 Meter 28% + 15% Cess 43% All SUV's |28% +15% Cess 43% Hybrid 128% +15% Cess Volvo XC90 T8 20.5% 6% excise + 14.5% VAT Electric e2o, eVerito 12%
Contribution of Automobile industry fin numbers I.As of 2013, the Indian automobile industry had contributed to almost 7 per cent of the country's GDP around 18 per cent of excise duties to the state exchequer. 3.A year-on-year increase in exports of approximately 18 per cent. 4. creating nearly 19 million jobs in the country through both direct as well as indirect employment.The Indian automobile industry is responsible for employing 7 to 8 per cent of India's total employed population as of 2013. . Policy Initiatives: I. 'FAME India Scheme [Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India] was implemented with effect from Ist April 2015, with the objective to support hybrid/electric vehicles' market development and Manufacturing eco-system. 2. 100% FDI in automobile sector