Current Affairs > Daily Current affairs

Back
Daily News Analysis 12-02-2016

S.NO.

NEWS ITEM

SYLLUBUS

ESSENCE OF THE ARTICLE

1.         

            

India, UAE sign nine agreements (Page 12)

a)     I.R

a)     Following discussions between PM Modi and the visiting Crown Prince of Abu Dhabi, India and the UAE signed nine agreements.

2.

Ishrat an LeT operative: Headley (Pages 1 and 13)

a)     I.R

a)   In a statement that could have political repercussions, American-Pakistani terrorist David Coleman Headley told a special court hearing the 26/11 Mumbai terrorist attack case that Ishrat Jahan was a LeT operative.

3.

ISI, not Pak Army trains LeT, Jaish (Page 14)

a)     International

a)     Pakistans former military ruler Pervez Musharraf said ISI trains LeT and Jaish militants and terror attacks in India will not stop until New Delhi addresses the core issue of Kashmir.

4.

Maldives government to resume talks with opposition parties (Page 14)

a)     International

a)     Days after calls made separately by a visiting delegation of European parliamentarians and former Maldives President Mohamed Nasheed for resumption of talks with political parties, Maldivian President Abdulla Yameen Abdul Gayoom has announced his plan to hold negotiations with the parties again.

5.

Russians raise stakes in Syria (Page 14)

a)     International

a)     For months now the US has insisted there is no military solution to the Syrian civil war, only a political accord between President Bashar Al-Assad and the fractured, divided opposition groups that have been trying to topple him.

6.

Can Governor intervene in Speakers disqualification powers? (Page12)

a)     National

b)     Polity

a)     The Supreme Court questioned Governor J.P. Rajkhowas authority to concern himself with the Arunachal Pradesh Assembly Speakers powers to disqualify legislators under the anti-defection law.

7.

Kerala jobless rate 3 times the national average (Page 8)

a)     National

b)     Social issue

a)     The Economic Review says that Kerala has the highest rate of unemployment (7.4 percent) among major States in the country. It puts Keralas unemployment rate at three times the national level (2.3 percent).

8.

Why 7.6 percent growth is hard to square (Page 10)

a)     National

b)     Economy

a)    Questionable changes in methodology and databases have enlarged the size of the private corporate sector and contracted the size of the household sector in new GDP calculations, rendering the growth projection unreliable.

9.

ISRO to use electric propulsion system on satellites in two years (Page8)

a)     National

b)     S&T

a)     The ISRO plans to use electric propulsion system on satellites for station keeping and orbital manoeuvre in two years.

10.

Scientists spot elusive space-time ripples (Pages 1 and 14)

a)     S&T

b)     Geography

a)     The highly elusive gravitational waves have finally been detected. Understandably, and justifiably, there is great elation within the global physics community, astrophysicists and cosmologists in particular.

 

S.NO.

NEWS ITEM

SYLLUBUS

BACKGROUND

IMPORTANT POINTS

1.         

            

India, UAE sign nine agreements (Page 12)

a)     I.R

a)     India – UAE relations

b)     Free Trade Agreement

c)     Gulf Cooperation Council

 

a)     India and the UAE signed nine agreements covering cooperation in the fields of currency swap, culture, investments in the infrastructure sector, renewable energy, space research, insurance supervision, cyber security, skill development and commercial information sharing.

b)     However, the much anticipated agreement on India accessing UAEs Sovereign Fund was not declared. India should carry out some structural changes in its economy to facilitate such an agreement.

c)     Official said India and the UAE had begun a dialogue that would firm up a Free Trade Agreement between India and the Gulf Cooperation Council.

2.

Ishrat an LeT operative: Headley (Pages 1 and 13)

a)     I.R

a)     India – Pakistan relations

b)     Terrorism

c)     Mumbai terror attacks 2008

d)     Lashkar-e-Taiba (LeT)

a)   In a statement that could have political repercussions, American-Pakistani terrorist David Headley told a special court hearing 26/11 Mumbai terrorist attack case that Ishrat Jahan was a LeT operative.

b)     Headley said the 26/11 mastermind and chief operational commander of the LeT (Zakir-ur-Rehman Lakhvi) told him that LeT handler Muzzamil Butt had planned the Akshardham temple attack in Gujarat in 2002.

3.

ISI, not Pak Army trains LeT, Jaish (Page 14)

a)     International

a)     India – Pakistan relations

b)     Kashmir issue

c)     Terrorism

d)     Lashkar-e-Taiba (LeT)

e)     Jaish-e-Mohammed (JeM)

f)     Inter-Services Intelligence (ISI)

a)     Pakistans former military ruler Pervez Musharraf said ISI trains LeT and Jaish militants and terror attacks in India will not stop until New Delhi addresses the core issue of Kashmir.

b)     When asked if he sees any progress in the India-Pakistan peace process, Musharraf said that everything will stop if you address the core issue. He said Kashmir continues to arouse sentiments in Pakistan.

4.

Maldives government to resume talks with opposition parties (Page 14)

a)     International

a)     Maldives internal issues

a)     Days after calls made separately by a visiting delegation of European parliamentarians and former Maldives President Mohamed Nasheed for resumption of talks with political parties, Maldivian President Abdulla Yameen Abdul Gayoom has announced his plan to hold negotiations with the parties again.

b)     Earlier this week, the delegation (consisting of three Members of the European Parliament) wanted the govt to release political prisoners immediately and ensure full independence of judiciary and uphold freedom of expression and rights of political parties.

5.

Russians raise stakes in Syria (Page 14)

a)     International

a)     Syria crisis

b)     Islamic State (IS)

 

a)     For months now the US has insisted there is no military solution to the Syrian civil war, only a political accord between President Bashar Al-Assad and the fractured, divided opposition groups that have been trying to topple him.

b)     The Russian military action has changed the shape of a conflict that had effectively been stalemated for years. Suddenly, Assad and his allies have momentum, and the US-backed rebels are on the run.

c)     If a ceasefire is negotiated here, it will probably come at a moment Assad holds more territory, and more sway, than since the outbreak of the uprisings in 2011.

d)    Without a political solution or a stepped-up military effort, the US is not only left with little influence over the course of the Syrian civil war, but without a viable strategy to bring all of the warring parties together to fight the Islamic State.

6.

Can Governor intervene in Speakers disqualification powers? (Page12)

a)     National

b)     Polity

a)     Arunachal Pradesh political crisis

b)     President Rule

c)     Governor

d)     Anti-defection law

e)     Supreme Court

 

a)     The Supreme Court questioned Governor J.P. Rajkhowas authority to concern himself with the Arunachal Pradesh Assembly Speakers powers to disqualify legislators under the anti-defection law.

b)     Questioning the Governors interventions in the wake of Speaker Nabam Rebia disqualifying 16 of the 21 rebel Congress MLAs, the Bench had earlier also asked whether the Governor had any powers to monitor the Tenth Schedule powers of the Speaker.

c)     On Feb 10, the court questioned the Governors use of his constitutional discretion to advance the sixth session of Arunachal Pradesh Assembly by over a month, asking whether it was backed by sound constitutional principles.

d)     The advancing of the session from its scheduled date of Jan 14 2016 to Dec 16 2015 in order to remove Speaker Nabam Rebia triggered the entire political crisis, leading to imposition of Presidents rule on January 26.

7.

Kerala jobless rate 3 times the national average (Page 8)

a)     National

b)     Social issue

a)     Unemployment in India

b)     Economic Review

 

a)    The Economic Review says that Kerala has the highest rate of unemployment (7.4 percent) among major States in country. It puts Keralas unemployment rate at three times the national level (2.3 percent). Among all States, only tiny Nagaland and Tripura have a higher unemployment rate.

b) Unemployment rate is higher in rural areas as compared to urban areas, and feminisation of joblessness is evident with females accounting for a much higher rate of joblessness as compared to males.

c)     The rate of unemployment among those aged between 15 and 29 is 21.7 percent in rural areas and 18 percent in urban areas. The situation is worse in the case of Kerala women, who log an unemployment rate of 47.4 percent, as compared to 9.7 percent of men.

8.

Why 7.6 percent growth is hard to square (Page 10)

a)     National

b)     Economy

a)     Indias economic growth

b)     Gross Domestic Product (GDP)

c)     National Accounts Statistics (NAS)

d)     Central Statistics Office (CSO)

e)     United Nations System of National Accounts (SNA 2008)

a)     This year, the GDP is forecast to grow at 7.6 percent in real terms, that is, net of inflation. It is higher than Chinas growth rate projection of 6.9 percent, making India the worlds fastest-growing large economy. The growth rate has steadily climbed from 2012-13, when it had plummeted to 4.5 percent.

b)     Last year, a new series of National Accounts Statistics was released with 2011-12 as the base year (replacing the earlier series with 2004-05 base year) roughly a 10-yearly routine for the Central Statistics Office to keep up with the economys structural changes using newer databases and improved estimation methods.

c)     This time around, the CSO has also incorporated the UN System of National Accounts - a welcome effort to keep up with international accounting standards.

d)     Usually, the base year revision changes the absolute level of GDP (and its major constituents), but its growth rates invariably remain the same. But it is different this time. While the absolute GDP size for 2011-12 with the new base year was smaller by 2.3 percent, its growth rates for the following two years are significantly higher (compared to the older series).

e)     The difference is sharper by sectors (or industry): for instance, manufacturing sector growth rate for 2013-14 is 5.3 percent in the new series, compared to negative 0.7 percent in the older series.

f)     Disconcertingly, such a high growth rate is out of line with many other economic indicators such as credit flows, output expansion in major industries or capacity utilisation in critical industries such as steel or cement.

g)     Thus India has not only surpassed Chinas official growth rate but now shares its dubious distinction of inflated output estimates.

h)     Though the absolute GDP size for 2011-12 in the new series is marginally smaller (than that in the old series), its institutional composition has changed significantly.

i)     The private corporate sectors share in the GDP has expanded to 34 percent now (23 percent in the older series); and household (unorganised or informal) sectors share in the GDP has shrunk to 45 percent in the new series (from 56 percent earlier). Arithmetically, the sharp compositional change in favour of fastest-growing sector would mean higher GDP growth rate, everything else remaining the same.

j)     If the foregoing account is a fair characterisation of PCS, then blowing up the sample estimates for the universe of active companies may be statistically valid, but its economic implications could be suspect. Therefore, the revised method could have contributed to an overestimation of the corporate sectors contribution to the GDP.

k)    To conclude, the new NAS has forecasted a GDP growth rate of 7.6 percent for the current year, making India the worlds fastest-growing economy. Few seem elated at the prospect, as the growth estimate seems out of line with other economic indicators.

9.

ISRO to use electric propulsion system on satellites in two years (Page 8)

a)     National

b)     S&T

a)     Electric propulsion system

b)     Vikram Sarabhai Space Centre (VSSC)

c)     Liquid Propulsion Systems Centre (LPSC)

d)     ISRO Satellite Centre (ISAC)

e)     GSLV Mark-III

f)     Chandrayaan-II

g)     ISRO

a)     The ISRO plans to use electric propulsion system on satellites for station keeping and orbital manoeuvre in two years.

b)     Official said besides Vikram Sarabhai Space Centre, Liquid Propulsion Systems Centre and ISRO Satellite Centre were working on developing electric propulsion system for use on satellites.

c)  He said the cryogenic engine for GSLV Mark-III will be undergoing stage-level test soon and the target to achieve flight test is December this year.

d)     Regarding Chandrayaan-II, he said the objective was to land a rover on the moon and carry out in-situ experiments. ISRO was also developing various technologies required for a manned mission, which was yet to be approved by govt.

10.

Scientists spot elusive space-time ripples (Pages 1 and 14)

a)     S&T

b)     Geography

a)     Gravitational waves

b)     Laser Interferometer Gravitational-wave Observatory (LIGO)

a)     The highly elusive gravitational waves have finally been detected. Understandably, and justifiably, there is great elation within global physics community, astrophysicists and cosmologists in particular.

b)     After decades of search for these ripples in space-time, which Albert Einstein predicted exactly 100 years ago, scientists working with the gigantic optical instruments in the US called LIGO, have detected signals of gravitational waves emanating from two merging black holes 1.3 billion light years away arriving at their instruments on the Earth.

c)     That is to say, this cataclysmic event of two black holes merging occurred 1.3 b yrs ago (when multi-cellular organisms were just beginning to form on the Earth), the gravitational waves from which are being received now on the Earth.

d)    Although indirect evidence for existence of gravitational waves had been seen from the decaying orbital period of objects called binary pulsars (which Russel Hulse and Joseph Taylor discovered in 1974 and for which they were awarded the Nobel Prize in 1993), a direct detection of gravitational waves had till now proved to be extremely difficult.

e)     The biggest victory for the Indian gravitational wave astronomy community as a result of the discovery has been the in-principle approval from PM Modi for setting up of the Indian component of the advanced LIGO, which has been hanging fire for more than three years since the proposal was approved by the National Science Foundation, US.

Branches

Ashok Nagar Branch
1-10-223/A, Sub-register office Line
Hyderabad
+91 9052 29 29 29, 9052 19 29 29

Madhapur Branch
Plot No.3, 2nd floor, Raghuma Towers
Hyderabad
+91 9052 492929

Delhi:
Old Rajendra Nagar

Send to mail

Request for call