Current Affairs > Daily Current affairs

Daily News Analysis 19-08-2014







Struck off in one blow (Page 8)

a)     National

a)      Planning Commission

b)     Gadgil formula

c)     NDC

d)     Indias federal system

a)     Union Planning Commission in the National Planning Committee under the support of National Congress with Jawaharlal Nehru as the first Chairman of the Committee.

b)     The purpose of the national planning process was basically threefold: (i) To provide a framework for the orderly development of the economy. (ii) To mediate the process of planning and plan funding as between the Union Finance Ministrys budgetary rights and its various ministries and as between the Centre and the States. (iii) Most importantly to evaluate the quality of programme implementation and convey its findings to the government.

c)     By making Centre-States discussion a structured part of national development, the Planning Commission became a keeper of Indias federal conscience.

d)     Gadgil evolved the formula to make plan transfers to States more balanced. Making population, tax-effort and tax-receipts, per capita income and special problems and needs the basis for plan transfers, Gadgil created the concept of Special Category States like Assam, J&K and Nagaland which were to be given preference, their needs first being met out of the total pool of Central assistance.

d)     Since the 1970s the Planning Commission has been in a lack of activity.


An ambitious plan for inclusion (Page 8)

a)     National

b)     Social issue

a)     Pradhan Mantri Jan-Dhan Yojana

b)     Financial inclusion

c)     CFIP

d)     SSA

e)     RuPaycard

a)     The recent socio-economic initiative, Pradhan Mantri Jan-Dhan Yojana has brought a degree of urgency to the scheme of financial inclusion.

b)    A Comprehensive Financial Inclusion Plan (CFIP) forecasting coverage of excluded households has been drawn up and is expected to be rolled out under the nomenclature.

b)     In its first phase, the Jan-Dhal Yojana will aim to provide universal access to all the beneficiaries through sub-service areas (SSA), each of them consisting of 100-150 families in a group of villages.

c)     Unlike in previous action plans, the Jan-Dhan Yojana will have as its focus households rather than geographical areas.

d)      A smart card – the RuPaycard – will be issued. This would be one of the most visible manifestations of technology as a tool to further inclusion, others being money transfers through mobile telephones, e-KYCs and cash management by banks to extend their services over such wide areas.

e)     The government wants to use these accounts for routing cash transfers instead of subsidies for essential commodities.      


Revving up the judicial juggernaut (Page 9)

a)     Judiciary

a)     Supreme Court

b)     High court

c)     District court

d)     Subordinate court

e)     FIFO

a)     With citizens suffering severely because of delays in court trials, it is time to fix accountability of the judges.

b)     Recently, the Supreme Court refused to fast-track criminal cases against MPs, saying the manpower in trial courts and infrastructure was poor.

c)     PM Modi sought to expedite trials of pending cases against MPs within a year. But that could have meant pushing other cases back in the line.

d)     The average pendency for the Supreme Court, High Courts and district and subordinate courts for the period July 2009 to June 2012 comes to 9 months, 30 months and 19 months respectively.

e)     If courts follow the principle of FIFO(first in fist out), the judiciary could deliver in a reasonable time.


Corporate tax collection trails personal I-T (Pages 1 and 11)

a)     Economy

a)     Corporate tax

b)     Income tax

c)     Direct & Indirect taxes

d)     GDP

e)     Inflation

f)     Nominal GDP

a)     The rate of growth of personal income tax collections during 2013-14 was nearly doubles that of the corporate tax clear-up. The growth in corporate tax collection was so low that it lagged behind even the GDP.

b)     The rate of growth in the case of corporate income tax payers at 10.76 percent lagged even failing to keep pace with 12.3 percent rate of growth of the nominal GDP (which factors in inflation).

c)     Corporate tax collections in 2013-14 took a hitting due to high inflation during most of the year. Profits declined as high inflation made raw materials and inputs costlier. Lower earnings resulted in less taxes paid.


MHA data shows 241 percent rise in cases of overstaying Pakistanis in 2013 (Page 11)

a)     National

a)     MHA data 2013

b)     Census 2011

a)     A jump of 241 percent was recorded in the number of Pakistani nationals found overstaying in different parts of the country last year compared to 2012. However, Indian agencies were able to track down and exile only 58 Pakistani nationals.

b)     The Union Home Ministry data also reveals a steady increase in the cases of US nationals staying after expiry of their visas.

c)     Another noticeable trend has been a gradual increase in overstay of foreigners from Sri Lanka, Iraq, Tanzania, Oman, Kenya and also Afghanistan.

d)     Even as the Ministry of Home Affairs is planning o devise a mechanism for identification and exiling of illegal Bangladeshi immigrants, government records reveal a steep decline in the number of overstaying Bangladeshi nationals in the past few years.


Bringing Ashtavarga back to the hills (Page 7)

a)     National

b)     Environment

a)     Biodiversity

b)     Blue pine

c)     Ashtavarga

d)     Kshirakakoli

e)     Ayurvedic

f)     Forest types

g)     Deodar forests

h)     Red list

i)     Endangered species

a)     The slopes dominated by blue pine have observed in the Kufri-Chail Road from Shimla near Munda Ghat at a height of 1700 metres.

b)    Blue pine is an harmful non-native species which is edging out the local oak.

c)     It is not only indigenous species like the oak that are being edged out but also the rich treasure of medicinal plants, notably the eight plants or Ashtavarga that is part of the Ayurvedic formulation Chyavanprash.

d)     In Himachal Pradesh, all the eight components of Ashtavarga Jeevaka, Rishbhaka, Meda, Mahameda, Kakoli, Kshirakakoli, Riddhi and Vriddhi were common till the turn of the 19th century.

e)     Kshirakakoli, one of the Ashtavarga components was a common undergrowth of the deodar forests. The seven other components were commonly found in open grasslands, shrubberies and in the forest undergrowth.

f)     Such non-native species highly reduce the plant diversity of the region and as a result, native plants are in danger of being removed out.



Ashok Nagar Branch
1-10-223/A, Sub-register office Line
+91 9052 29 29 29, 9052 19 29 29

Madhapur Branch
Plot No.3, 2nd floor, Raghuma Towers
+91 9052 492929

Old Rajendra Nagar

Send to mail

Request for call