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My Notes - 04 April 2014 04-04-2016

Editorials ad perspectives

EU – challenges posed by migrants, Terrorist attacks

  • In EU after the migrant crisis there is a growth of right wing political parties.
  • Many European countries feel their welfare systems are being exploited by the undeserving economic migrants posing as refugees. Denmark and some German states started confiscating arrivals valuables to cover their expenses.
  • There is an attempt to link migrants flow and terror attacks.
  • Schengen bloc as a free open border zone is under threat with many countries imposing the boundary controls.
  • EU-Turkey law - The controversial agreement signed between the EU and Turkey, intended to seal illegal migration, has been criticized by aid agencies as inhumane and violative of EU law. An illegal immigrant now arriving in Greece through the Aegean Sea route can be expected to be sent back to Turkey if the person does not apply for asylum or his claim is rejected. The EU will in turn take in thousands of Syrian refugees directly from Turkey. For Turkey, the EU has promised to fast track its membership talks and has upped its financial aid significantly.
  • Collective expulsion of foreigners is prohibited under the European Convention of Human Rights” and Amnesty International called it a “historic blow to human rights.

Nuclear technology – Nuclear security summit

  • It is aimed at creation of a strong legacy in detecting, intercepting and securing vulnerable and illicitly trafficked nuclear materials, including pre-emptively safeguarding stockpiles of highly enriched uranium (HEU).
  • It is conspicuous by the absence of Russian president, Mr. Putin.

Issues involving India

  • India is not a signatory of 2014 nuclear security implementation initiative.
  • Indian nuclear security measures are cited as worse than Pakistan and Russia by the Harvard University study.
  • Global Centre for nuclear energy partnership
  • Nuclear security fund
  • Participation in UN and IAEA joint mechanisms to strengthen nuclear security.  

Islamic state

Sharia is more than a collection of laws. – It is infused with high moral principles and ideals of Justice. It is based on four sources

1)      . Koran

2)      Sayings and traditions of prophet Muhammad ( The Sunnah)

3)      Analogical reasoning

4)      Co9nsensus of the religious scholars

Many of the extremists take a limited view and literalist reading of only first two sources.

Salafism, Wahhabism are the two trends flew of the above misinterpretations.

 

 

News

 

Fiscal deficit

  • India’s general government fiscal deficit is above the norm for emerging markets and is in worry zone. India’s gross fiscal deficit for 2015-16 could be 6.9% wider than the budget estimate of 6.3%.
  • The slippage is due to poor performance by the states. Deficit is widened in spite of the higher transfers from the Centre by the implementation of the 14th finance commission recommendations.
  • Revenue collection of the states is disappointing. It is due to fall in tax revenues from the sale of oil prices. But, States by and large did not cut their capital expenditure.
  • Twin burdens of increase in wages and UDAY bonds are very high.
  • If Government s borrowing decreases, it can bring down the borrowing costs for all borrowers and can initiate growth.

India – Saudi Arabia

Prime Minister Modi in Saudi Arabia

  • Economic reforms – Prime Minister Modi promised that GST will be introduced soon and further steps are being taken to improve the ease of doing business.
  • Non-Oil trade and investments - Both countries agreed to diversify their bilateral trade and investment in to non-oil sector. Saudi Arabia showed interest i8n investing in Indian infrastructure.
  • Terrorism – Both the countries condemned use of Terrorism as an instrument of state policy.
  • Workers welfare – an agreement on labour cooperation for recruitment of general category of workers is signed.
  • Energy cooperation – It was agreed to transform the buyer seller relationship in energy sector to deeper partnership focusing on investment and joint ventures in petro chemical complexes and cooperation in joint exploration of India, Saudi Arabia and third countries. Two sides also agreed to focus on human resources training, research and development in the energy sector.

India - USA

India – USA have DTTI – USA has enacted a law, US India technology and partnership act to institutionalize the defence technology and trade initiative and India rapid reaction cell created in pentagon.

 

Indian Express

Simultaneous elections to panchayats, assembly and Lok Sabha

When less is not more

  • Simultaneous elections is not administratively and constitutionally feasible.

Dis Advantages of frequent elections

  • Frequent elections bring to a standstill normal functioning of the Government and life of the citizens and bring a very recurring cost.
  • Cost factor
  • Aggravation of communalism, casteism, corruption and crony capitalism

Advantages of frequent elections

  • Politicians and people will have a regular interaction and can raise accountability
  • Local and national issues do not get mixed up to distort priorities.

Way out

  • Reduction of the duration of election process by half.
  • To cut the role of money power in elections. – State funding of political parties, putting a cap on political party expenditure, a ban on all private corporate funds.

Unhealthy Pallor

  1. GDP growth is recovering, Inflation is also in the limits and FDI flow registered a 40% of growth.
  2. On the other side, Agricultural growth is expected to grow by 1.1%,
  3. Bank credit growth has increased in retail sector and not in manufacturing sector
  4. Continuous decline in investment rate which has fallen from 33.4% to 30.8% in 2015.
  5. Massive pull out by foreign institutional investors.
  6. Job creation is not line with growth.

Question of the day

Can simultaneous elections for Lok Sabha and State legislative assemblies improve our governance? Discuss the challenges in implementing the same. 

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