Current Affairs > Daily Current affairs

Daily News Analysis 06-05-2016







India, Japan, US to hold naval exercises (Page 12)

a)     I.R

a)     In a move that is sure to raise eyebrows in Beijing, four Indian warships will join the navies of the United States and Japan in the second half of June for the next edition of Malabar exercises east of Okinawa, a Japanese island. Last December, India and the US announced formal expansion of the bilateral exercises into a trilateral format with the edition of Japan.


Mogao caves reveal pivotal India-China (Page 14)

a)     I.R

a)     Hewn out of solid rock in the middle of the bone dry Gobi desert, there exist hundreds of caves, whose intricately painted walls and magnificent statues have become markers in describing the epic journey of Buddhism. Geography, and specifically the ancient Silk Road, indeed played a foundational role in bringing about the India-China cultural confluence in the past.


Modi to meet US investors, CEOs (Page 12)

a)     I.R

a)     PM Modi will attend a dinner hosted by the US–India Business Council on June 7 that will bring together around 400 CEOs, investors and business leaders during his two-day visit to the US capital. The photo-op of the visit could the signing of the first commercial agreement under the Indo-US civil nuclear deal to build six nuclear reactors in Gujarat.


No longer at sea (Page 11)

a)     I.R

a)     The Italian marines case will drag on for a while. India and Italy must find a way of rescuing bilateral ties from domestic politics over the issue. The United Nations arbitration tribunals decision on the Italian marines case (announced on May 3) seeks to placate both India and Italy over a tragic incident that led to the death of two Indian fishermen off Kochi in February 2012.


Tamil parties form new coalition in Sri Lanka (Page 14)

a)     International

a)     Ten Tamil parties and groups in Sri Lanka have come together to form a coalition - Democratic Tamil National Front. The new coalition would campaign for the adoption of the Indian model of federalism, which could be accomplished by enlarging the scope of the 13th Constitutional Amendment, which created provincial councils.


Letting out of the trade genie? (Page 14)

a)     International

a)     With France raising objections on the Transatlantic Trade and Investment Partnership, the US-EU trade talks may now have come to a halt. TTIP Agreement aimed at improving trade between the EU and the US.


How not to fight corruption (Page 11)

a)     National

b)     Polity

a)   The Prevention of Corruption Act (the key legislation which defines what constitutes corruption and prescribes penalties for corruption-related offences) is set to be amended by Parliament. The proposed Bill (now before a select committee of the Rajya Sabha) includes several contentious amendments that are likely to have far-reaching ramifications.


Perverse consumer protection (Page 10)

a)     Economy

a)     Global crude oil prices slumped about 65 percent in 21 months from July 2014 through March 2016. In this period, the pump prices of both petrol and diesel dropped only about 15 percent. The high imposition of Central and State duties and taxes has prevented retail fuel prices from moving in lock-step with international trend in oil. This has helped shore up the govts finances as it bets on public investment to spur the economy, even if this fiscal elbow room has been created at the consumers cost.


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