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Daily News Analysis 11-05-2016







Capital gains on FDI from Mauritius to be taxed (Pages 1 and 12)

a)     I.R

a)     Starting next year, the Centre will tax capital gains on investments from Mauritius, the tiny island from where India has received nearly a third of its total FDI inflows since 2000. The two countries signed a protocol that amends the convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains.


The meaning of Pokhran and Chagai (Page 11)

a)     I.R

a)     Exchanging information on nuclear doctrines and discussing confidence-building measures could be the best scenario for India and Pakistan on the 18th anniversary of Pokhran-II. Bilateral dialogue (supposed to discuss conventional and nuclear CBMs) has yielded nothing tangible in these eighteen years.


Barack Obama to make historic Hiroshima visit (Page 14)

a)     International

a)     Barack Obama will become the first US President to visit Hiroshima, the first target of an atomic bomb 70 years ago. He will be travelling to Japan for his final G-7 summit.


Bangladesh executes Jamaat chief Nizami for war crimes (Page 14)

a)     International

a)     Bangladesh on May 10th executed Jamaat-e-Islami leader Motiur Rahman Nizami. He had been convicted by the countrys War Crimes Tribunal for crimes against humanity committed during the nations Liberation War  of 1971.


Oli govt policies unrealistic: Envoy (Page 14)

a)     International

a)  Nepals outgoing Ambassador Deep Kumar Upadhyay said that several policies of PM K.P. Sharma Olis govt were unrealistic, though he would not challenge his govt. Demand for the amendments, guaranteeing equal citizenship rights, by the Nepalis in the border areas, also known as the Madhesis, triggered months-long economic blockade which strained ties between India and Nepal.


US warship sails by S. China Sea reef (Page 14)

a)     International

a)     The US sailed a warship close to a disputed South China Sea reef Beijing has built up into an artificial island, prompting China to express dissatisfaction and opposition. The Pentagon said guided-missile destroyer USS William P. Lawrence navigated within 12 nautical miles of the Fiery Cross Reef, occupied by China and also claimed by Vietnam, Taiwan and the Philippines.


SC cannot review Speakers actions (Page 12)

a)     National

b)     Polity

a)     The Centre on May 10th challenged the Supreme Courts jurisdiction to examine the Speakers authority to declare the Aadhaar law as a Money Bill based on a plea filed by Rajya Sabha MP and former Union Minister Jairam Ramesh that the passage of the law is a constitutional fraud.


Freedom to map India (Page 10)

a)     National

b)     Polity

a)     The concern about the proposed law to introduce a stringent process for the use of geospatial data is not unwarranted. According to a draft of the Geospatial Information Regulation Bill circulated for feedback, all information that can be represented on geographical maps will have to be necessarily vetted by a special authority before being publicised. India has always been wary of sharing map-making powers.


Why India loves to vote (Page 10)

a)     National

b)     Polity

a)     Indians clearly like to vote. Evidence from the ongoing Assembly elections shows that turnouts are above 80 percent and are likely to be similar when two more States and a UT hold elections next week. Indians seem also keener to vote than ever before. Statistics show a steady rise in the turnout figures over the last three decades in several parts of India.


Job growth at a snails pace (Page 11)

a)     National

b)     Economy

a)     For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991. The revival of infrastructure investment will create more construction jobs to absorb those leaving agriculture.


MPC to be set up once Finance Bill is notified: Das (Page 15)

a)     National

b)     Economy

a)     Economic Affairs Secretary Shaktikanta Das said the process to constitute a Monetary Policy Committee will begin once the Finance Bill 2016 has been notified as an Act. The proposed committee will have six members - three appointed by the RBI and the remaining nominated by an external selection committee.


A billion Indians yet to benefit from digital economy: WB (Page 15)

a)     National

b)     Economy

a)    In its 2016 development report on Digital Dividends, the World Bank said that India has the largest offline population in the world with nearly a billion Indians still not able to tap the benefits of a digital economy.


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