Current Affairs > Daily Current affairs

Back
Daily News Analysis 18-04-2016

S.NO.

NEWS ITEM

SYLLUBUS

ESSENCE OF THE ARTICLE

1.         

 

A much-needed message to Indias neighbours (Page 12)

a)     I.R

a)     Specialists in the defence sector say that the many strategic decisions agreed upon during US Defence Secretary Ashton Carters visit last week to India opens up not just new possibilities but also challenges.

2.

Parrikars visit signals accelerated security dialogue (Page 14)

a)     I.R

a)     Defence Minister Parrikar has commenced his visit to China as part of an accelerated security dialogue between New Delhi and Beijing, which will also include a visit to the Chinese capital by the NSA Ajit Doval.

3.

Iran is Indias reliable partner, says Rouhani (Page 12)

a)     I.R

a)     Iran President Hassan Rouhani assured External Affairs Minister Sushma Swaraj that his country could be a reliable partner for Indias energy needs, as the two nations decided to significantly expand engagements in their overall ties, particularly in the oil and gas sectors.

4.

A special day for 194 displaced families in Sri Lanka (Page 14)

a)     International

a)     April 19 is going to be a special day for 194 families of the Chithambarapuram camp of Internally Displaced Persons, about 20 km from the Vavuniya town in the Northern Province.

5.

Iran unveils S-300 missile system (Page 14)

a)     International

a)     Iran used its annual Army Day parade on April 17 to showcase parts of a long-awaited air defence system ordered from Russia, a move likely to irk critics of the arms deal.

6.

Chew on this: the risks of smokeless tobacco (Page 10)

a)     National

b)     History

a)     In a much-needed measure to keep the consumption of chewing tobacco under check, the Delhi government has extended by a year the ban on the sale, purchase and storage of all forms of chewable tobacco sold in forms such as gutka, pan masala, khaini and zarda.

7.

Stick to fiscal consolidation, IMF tells India (Pages 1 and 12)

a)     National

b)     Economy

a)   The IMF has warned in its latest edition of the World Economic Outlook that while several demand and supply side factors have resulted in a sharp fall in inflation and have given the RBI space to cut interest rates, there are several factors that could drive inflation up again.

8.

WBs green norms must not compromise on development (Page 15)

a)     Economy

a)     Indian Finance Minister Jaitley has called on the World Bank to continue its concessional financing until 2030 and increase the development financing and non- concessional loans to $100 billion over the next 5 years.

9.

FDI inflows up 37 per cent to $39.32 bn in 2015 (Page 15)

a)     Economy

a)     According to data by the Department of Industrial Policy and Promotion, Foreign direct investment into the country increased by 37 percent to $39.32 billion during 2015.

10.

12th century Buddhist inscription discovered (Pg 8)

a)     National

b)     History

a)    A new inscription that sheds more light on the history of Buddhism in Karnataka has been discovered at Lakkundi village in Gadag district.

 

S.NO.

NEWS ITEM

SYLLUBUS

BACKGROUND

IMPORTANT POINTS

1.         

 

A much-needed message to Indias neighbours (Page 12)

a)     I.R

a)     India – US relations

b)     Logistical Exchange Memorandum of Understanding (LEMOA)

 

a)     Specialists in the defence sector say that the many strategic decisions agreed upon during US Defence Secretary Ashton Carters visit last week to India opens up not just new possibilities but also challenges. Many of them also see a message for Indias neighbourhood (especially China) in the decisions.

b)     During Carters meetings, both sides reached an in-principle understanding on concluding the first of the three foundational agreements, the LEMOA, which has been in the works for over a decade.

c)     The LEMOA (a modified logistics support agreement) addressing Indian concerns entails militaries of two nations to share facilities for refuelling, supplies and spares. The US has similar arrangements with over 80 countries.

2.

Parrikars visit signals accelerated security dialogue (Page 14)

a)     I.R

a)     India – China relations

b)     Border disputes

c)     Line of Actual Control (LAC)

d)     Pakistan-occupied Kashmir (POK)

e)     Gwadar port

f)     Russian-India-China (RIC) dialogue

a)     Defence Minister Parrikar has commenced his visit to China as part of an accelerated security dialogue between New Delhi and Beijing, which will also include a visit to Chinese capital by the NSA Ajit Doval.

b)     The Chinese authorities are expected to focus on institutionalising a defence dialogue at the ministerial level, but Indias in-principle acceptance of a logistics support agreement with the US is also likely to feature on the agenda of Parrikars talks.

c)     Doval is expected to hold substantial talks with his counterpart slated to go beyond just a conversation on the boundary issue. Analysts say that the atmospherics for the upcoming talks are positive, as there has been a sharp reduction in incidents along the LAC, especially after PM Modis visit to China in May 2015.

d)     Doval is also expected to air Indias security concerns regarding the improvement of infrastructure in POK. India is also concerned about Chinas involvement in developing Pakistans Gwadar port.

e)     The intensification of the dialogue process also includes upcoming talks between External Affairs Minister Sushma Swaraj and her Chinese counterpart Wang Yi in Moscow, as part of the RIC dialogue, which also commences on April 18.

3.

Iran is Indias reliable partner, says Rouhani (Page 12)

a)     I.R

a)     India – Iran relations

b)     Energy ties

c)     Chabahar port

 

a)     Iran President Hassan Rouhani assured External Affairs Minister Sushma Swaraj that his country could be a reliable partner for Indias energy needs, as the two nations decided to significantly expand engagements in their overall ties, particularly in the oil and gas sectors.

b) India has been eyeing deeper energy ties with Iran following lifting of nuclear sanctions and has already lined up $20 billion as investment in the oil and gas and petrochemical and fertilizer sectors there.

c)     Enhancing energy cooperation and development of the Chabahar port were the centrepiece of talks which was mostly dominated by economic issues.

d)     Rouhani (whose country shares borders with Afghanistan and Pakistan) hoped for closer consultations with India on regional issues, especially Afghanistan and the challenge of terrorism.

4.

A special day for 194 displaced families in Sri Lanka (Page 14)

a)     International

a)     Sri Lankas housing project

b)     Internally Displaced Persons (IDPs)

a)     April 19 is going to be a special day for 194 families of the Chithambarapuram camp of Internally Displaced Persons, about 20 km from the Vavuniya town in the Northern Province.

b)    The day will mark a partial fulfilment of the longstanding demand of the families - concerning the ownership of the area that the IDPs have been occupying.

c)     The families (displaced from various parts of the Province during the civil war) do not own lands in their places of origin. This is why they have decided to stay in the camp.

d)     As for the issue of permanent housing, officials are confident that all the families can be accommodated in the Central governments new programme of 65,000 houses.

5.

Iran unveils S-300 missile system (Page 14)

a)     International

a)     S-300 missile system

b)     Irans nuclear programme

c)     UNSC

 

a)     Iran used its annual Army Day parade on April 17 to showcase parts of a long-awaited air defence system ordered from Russia, a move likely to irk critics of the arms deal.

b)     The S-300 system has been on order since 2007 but Russia postponed the sale three years later after the UNSC passed a resolution relating to Irans nuclear programme.

6.

Chew on this: the risks of smokeless tobacco (Page 10)

a)     National

b)     Health

a)     Food Safety and Standards (FSS) Act

b)     Food Safety and Standards (Prohibition and Restriction on Sales) Regulations 2011

c)     Cable Television Networks Amendment Rules 2009

d)     World Health Organization Framework Convention on Tobacco Control

e)     International Agency for Research on Cancer

 

a)     In a much-needed measure to keep the consumption of chewing tobacco under check, the Delhi govt has extended by a year the ban on the sale, purchase and storage of all forms of chewable tobacco sold in forms such as gutka, pan masala, khaini and zarda.

b)     In 2012, a few States (beginning with Madhya Pradesh, Kerala, Bihar, Maharashtra and Rajasthan) banned gutka just months after the notification of the Food Safety and Standards (Prohibition and Restriction on Sales) Regulations 2011 came into effect.

c)     The FSS Act clearly states that tobacco and nicotine shall not be used as ingredients in any food products.

d)     There is a strong case for all States to ban pan masala as manufacturers have effectively sidestepped the FSS Act by selling chewing tobacco and pan masala in separate sachets. Also, the rampant surrogate advertisement of pan masala products has made a mockery of the ban on gutka.

e) The biggest blow for tobacco control in India, which has banned the advertisement of all tobacco products, came through amendment of Cable Television Networks Amendment Rules 2009; in contravention of the WHO Framework Convention on Tobacco Control, the amended Rules allow for the use of brand name or logo of tobacco products for marketing non-tobacco products.

f)     The International Agency for Research on Cancer (functioning under the WHO) had stated in a 2008 monograph that areca nut is carcinogenic to humans. In India, areca nut is the second most consumed carcinogen after tobacco. So what is preventing the Central govt from extending the scope of amended FSS Act to include areca nut and thereby ban the sale of pan masala in India?

7.

Stick to fiscal consolidation, IMF tells India (Pages 1 and 12)

a)     National

b)     Economy

a)     Indias economic growth

b)     GDP

c)     Inflation

d)     Fiscal consolidation

e)     Current account deficit

f)     RBI

g)     India Meteorological Department (IMD)

h)     World Economic Outlook (WEO)

i)     International Monetary Fund (IMF)

j)     Asian Development Bank (ADB)

 

 

a)     The IMF has warned in its latest edition of the WEO that while several demand and supply side factors have resulted in a sharp fall in inflation and have given the RBI space to cut interest rates, there are several factors that could drive inflation up again.

b)     The report said the govt must continue on its fiscal consolidation path and focus on reforms, especially in the labour and infrastructure sectors. It said Indias current account deficit would widen sharply to $94.7 billion by 2021. Consumer inflation would be at 5.3 percent for the next two years and would ease by 2021.

c)    The report said India would achieve its inflation target of 5 percent in the first half of 2017, though it warned that an unfavourable monsoon and the effect of public sector wage increases could pose risks.

d)     However, IMD has said it is expecting an above-normal monsoon, with rainfall at 106 percent of long-term average. Economists agree that this should boost economic growth and keep inflation in check.

e)     The IMF has retained its GDP growth forecast for India, adding that the main driver of this growth will be private consumption and investment. The report said that the growth in India is projected to notch up to 7.5 percent in 2016-17, as forecast in October.

f)     While the IMF predicted that Indias GDP growth rate will be at 7.5 percent in 2016 and 2017 (a shade higher than the 7.4 percent predicted by the ADB recently), it projected that this would accelerate to 7.8 percent by 2021.

8.

WBs green norms must not compromise on development (Page 15)

a)     Economy

a)      Sustainable Development Goals (SDGs)

b)     IMF

c)     World Bank

d)     International Bank for Reconstruction and Development (IBRD)

e)     International Development Association (IDA)

a)     Indian Finance Minister Jaitley has called on the World Bank to continue its concessional financing until 2030 and increase the development financing and non- concessional loans to $100 billion over the next 5 years.

b)   During the Spring Meetings interaction with various officials of the IMF and World Bank, he said the ongoing revision of environmental and social standards required under the financing conditions must not compromise the primacy of the development objective.

c)     The largest recipient of World Bank loans, India has so for received $ 52.7 billion in commercial loans from the IBRD and $49.4 billion from the IDA which is the Banks assistance programme for developing countries.

d)     He said delivering the Banks SDGs on development and reconstruction agenda would require large amounts of concessional and non-concessional finance Most IDA countries would still need primarily the concessional and grant financing.

e)     Simultaneously, the World Bank is now also in the process of reviewing, updating and strengthening its environmental and social policies taking into account the failures and best practices from last two decades.

f)   Seeking reforms in IMF and World Bank to reflect a larger say for economies like India, Jaitley has said the voting share of developing and transition countries in the multi-lateral lending agencies IBRD and IFC must be raised to 50 percent, from current 45.06 percent in IBRD and 39.41 percent in IFC.

9.

FDI inflows up 37 per cent to $39.32 bn in 2015 (Page 15)

a)     Economy

a)     Foreign Direct Investment (FDI)

b)     Department of Industrial Policy and Promotion (DIPP)

c)     Ease of doing business

a)     According to data by the DIPP, FDI into the country increased by 37 percent to $39.32 billion during 2015. The foreign investment inflows stood at $28.78 billion in 2014.

b)     Singapore emerged as the biggest FDI source, followed by Mauritius, US, Netherlands and Japan.

c)     The focus on improving ease of doing business in the country and relaxation of norms would help in attracting more and more FDI.

10.

12th century Buddhist inscription discovered (Page 8)

a)     National

b)     History

a)     Buddhism

b)     Chalukya period

c)     Kalachuri period

d)     Seuna period

e)     Hoysala period

a)    A new inscription that sheds more light on the history of Buddhism in Karnataka has been discovered at Lakkundi village in Gadag district.

b)    It was for first time that an inscription related to Buddhism was found in Lakkundi, a place of antiquarian interest with nearly 50 temples, 101 stepped wells and a large number of inscriptions spread over the Chalukya, Kalachuri, Seuna and Hoysala periods.

c)     The inscription makes salutations to Lord Buddha, dhamma, sangha and Tara Bhagavati. The period of this inscription could be assigned to the regime of Hoysala king Veeraballala II (1173–1220 CE).

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