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Daily News Analysis 07-08-2014








Sushmas visit to Myanmar this weekend will have SAARC focus (Page 10)

a)     I.R

a)     Indo – Myanmar relations

b)     SAARC

c)     ASEAN

d)     ARF

e)     NATO

f)     FDI

g)     India-Myanmar-Thailand trilateral highway project

a)     Unlike the visits to Bhutan, Bangladesh and Nepal, visiting Myanmar for multilateral forums: attending the India – ASEAN Foreign Ministers meeting for Foreign Ministers, and the ASEAN Regional Forum (ARF), that focuses on security policy.

b)     At the ARF, India is likely to talk about the security situation for the region after the withdrawal of international troops from Afghanistan this year.

c)     Talks will also focus on trade between India and the ASEAN countries, which accounted for 12 percent of FDI inflows.

d)     The Ministers would discuss the completion of the multi-nodal transit transport link between Kolkata, Sittwe and Mizoram, as well as the India-Thailand trilateral highway under development.


BASIC Ministerial Meeting on Climate Change from tomorrow (Page 11)

a)     I.R

a)     BASIC

b)     UNFCCC

c)     Durban conference

d)     Carbon emissions

e)     Global warming

a)     The two-day BASIC countries Ministerial Meeting will be held in New Delhi to discuss important issues relating to the current UNFCCC negotiations especially on matters relating to the Ad Hoc Working Group on the Durban Platform.


Will poverty figures drop after World Banks revision of PPP? (Page 11)

a)     Economy

b)     Social issue

a)     World Bank

b)     PPP

c)     UN Millenium Development Goals

d)     Poverty index in India

a)      World Bank has revised the base year for the International Comparison of Prices from 2005 to 2011.

b)     The ICP figures are used along with other economic variables from countries national accounts to calculate Purchasing Power Parities (PPPs).

c)     PPP is used worldwide to compare the income levels in different countries to check the incidence of poverty and track progress towards the Millenium Development Goals and target programmes effectively.

d)       Currently the poverty line of the World Bank at $1.25 would be revised in keeping with the revised PPPs.


Unlocking fiscal space to drive inclusive growth (Page 9)

a)     International

b)     Economy

a)     Inclusive growth

b)     ESCAP

c)     Financial volatility

d)     G20

a)     The 2014 Economic and Social Survey of Asia and the Pacific, the publication of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) estimated a third successive year of growth below 6% in Asia-Pacific developing economies.

b)     Regional growth dynamics are being influenced by economic recovery in the developed world, given the weak implementation of policies.

c)     Financial volatility is a major concern to India, Indonesia, Malaysia, the Russian Federation, Thailand and Turkey where annual growth could decline between 0.7 and 0.9 percent.

d)     If the G20 continues to delay implementation of its commitments on trade protectionism, Asia-Pacific export growth will be impacted.


WTO imbroglio: India not for 19886-87 as base year (Page 10)

a)     IR

a)     WTO

b)     TFA

c)     Bali declaration

a)      India has offered fixing of the base year for food subsidies on the basis of average of last three years, as opposed to 1986-87 proposed by WTO.

b)     Several Least Developed Countries as well as others were appreciative of the stand taken by India.



Dark truths about money (Page 8)

a)     National

b)     Economy

a)     Black money

b)     NIPFP

c)     GDP

d)     Poverty

e)     Government subsidy schemes

a)     There are several estimates of the black economy and the amount of unaccounted money stored abroad.

b)   National Institute of Public Finance and Policy (NIPFP) reported the size of the parallel economy at 75 percent of GDP.

c)    The NIPFP study has identified four major counts of black money. Three of them – Poverty transactions, Mining Business and Private Education – choose themselves straightaway.

d)  The fourth one – Diversion from government subsidy schemes – which is the surprise package in the NIPFP report.



International concern (Page 15)

a)     Health and S&T

a)     Ebola

b)     Zaire ebolavirus

a)     The current outbreak of Ebola virus disease which can produce bleeding in sufferers and is capable of killing large proportion started in the west African nation of Guinea in December last year.

b)     There are five species of Ebolavirus, four of which cause disease in humans. The other one responsible for the outbreak is Zaire ebolavirus, which has the highest death rate (about 60 to 90 percent).

c)      Fruit bats are believed to be the natural host for the virus.

d)  The first Ebolavirus outbreak occurred simultaneously in 1976 in the Democratic Republic of Congo and Sudan.


How deep-water Sharks see (Page 15)

a)     S&T

b)     Geography

a)     Biodiversity

b)     Aquatic habitats

c)     Photoreceptor cells

a)     The marine pelagic zone is one of the largest aquatic habitats on Earth. The stretch between 200 and 1,000 metres deep is called the mesopelagic zone named as twilight zone for the sufficient amount of sunlight it gets.

b)     Shark species are the only animals using hormones to control their luminescence. They are also animals with the highest number of light-emitting organs.

c)     Important among their discoveries is that of a novel colourless tissue in the upper eye orbit of lantern sharks. The sharks were also found to have a gap between the lens and the iris which allows extra light to fall on the retina.

d)     They also found that deep-sea sharks have a higher density of photoreceptor cells (called rods) in their eyes than non-bioluminescent sharks likely giving them improved temporal resolution, i.e. better ability to detect fast moving objects.

e)     This would be particularly useful for bioluminescent communication in the deep-sea.



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