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Daily News Analysis 14-02-2015

S.NO.

NEWS   ITEM

SYLLUBUS

ESSENCE   OF THE ARTICLE

1.

Modi pads up for new innings in Pakistan talks (Pages 1   and 10)

a)     I.R

a)     PM   Modi picked up the threads of his SAARC initiative with cricket diplomacy by   calling up his counterparts of those nations in the grouping which are   playing the tournament.

2.

Delhi must push Colombo on devolution (Page 12)

a)     I.R

a)     Official said   that India must continue pushing Colombo towards the implementation of the 13th   Amendment.

3.

US, UN discuss Bangladesh situation (Page 12)

a)     International

a)     Officials of   US and UN have discussed the current political situation in Bangladesh and stressed   for its peaceful solution.

4.

A budget to transform (Page 8)

a)     National

b)     Economy

a)     In   the present state of the economy, there is a favourable moment for a public   investment-centred fiscal expansion.

5.

MoEF accepts some HLC recommendations (Page 11)

a)     National

a)     The   HLC report has suggested that some laws can be combined, which would be done   by the consultant while the Ministry is looking at laws that needed   refinement.

6.

India improves press freedom rank (Page 12)

a)     National

a)       Worlds Press Freedom Index ranks the performance of countries   according to a range of criteria.

7.

RBI to put one-rupee notes in circulation (Page 11)

a)     Economy

a)       These currency notes are legal tender as provided in the Coinage Act   2011.

8.

8m tones of plastic waste dumped in oceans in 2010 (Page   20)

a)     Environment

b)     Geography

a)    The   countries that contributed the greatest amount of waste that ultimately   entered the ocean were arrived at by taking into account the population and   quality of waste management systems in place.

 

 

 

 

 

 

S.NO.

NEWS   ITEM

SYLLUBUS

BACKGROUND

IMPORTANT   POINTS

1.

Modi pads up for new innings in Pakistan talks (Pages 1   and 10)

a)     I.R

a)     India – Pakistan relations

b)     SAARC

c)     Border   disputes

d)     LoC

e)     Terrorism

f)     JuD

 

a)     PM Modi picked up the threads of his   SAARC initiative with cricket diplomacy by calling up his counterparts of   those nations in the grouping which are playing the tournament.

b)     He announced that he would send Foreign   Secretary to Islamabad shortly, the first such move since foreign   secretary-level talks were cancelled last July.

c)     Pakistan had been maintaining that India   must take the first step to initiate talks since New Delhi had cancelled   them.

d)     According to Pakistani govt sources,   Sharif said that Pakistan will respond positively as engagement is in our   mutual interest.

e)     While relations with Pakistan have been   tense over the cancellation of talks, repeated ceasefire violations along the   LoC that led to the deaths of several soldiers and Pakistans refusal to crack   down on JuD chief Hafiz Saeed, there had been a warm period in the past   month.

f)     Modi and his Bangladesh counterpart  discussed bilateral issues. Modi spoke to   Afghanistan President also. He told the three leaders that Foreign Secretary   would visit their countries soon.

2.

Delhi must push Colombo on devolution (Page 12)

a)     I.R

a)     India – Sri   Lanka relations

b)     13th   Amendment

c)     TNA

a)     Official said   that New Delhi must continue pushing Colombo towards the implementation of   the 13th Amendment.

b)     He wished   both PM Modi and Sri Lankan President well for successful talks in New Delhi.

c)     The political   solution that the TNA contemplates is within the framework of a united,   undivided Sri Lanka.

d)     He said that New Delhi should continue   engaging with Colombo constructively.

3.

US, UN discuss Bangladesh situation (Page 12)

a)     International

a)     Bangladesh political   situation

a)     US official and UN official have   discussed the current political situation in Bangladesh and stressed for its   peaceful solution.

b)     They discussed several regional and   international issues, and expressed concern over the ongoing violence in   Bangladesh.

c)     They also stressed on the need for the   Bangladesh political leaders to resolve the situation peacefully.

4.

A budget to transform (Page 8)

a)     National

b)     Economy

a)     Economic   growth

b)     Fiscal   consolidation

c)     Fiscal   deficit

d)     FDI

e)     Make in India

f)     Special   Economic Zones (SEZ)

g)      MSME (micro,   small and medium enterprises) sector

h)     Pradhan   Mantri Gram Sadak Yojana

i)     PDS

a)     Over the past eight months, the govt has   issued some strong statements on the economy and taken some bold steps aimed   at transforming it. 

b)     If fastening growth is the objective and   the govt has stated that it is the budget should address this objective by   increasing the allocation for capital formation.

c)     To be effective in the context of a significant   slowing of growth, a substantial hike in public investment would be   necessary. This will come up against the programme of fiscal consolidation   being followed.

d)     In the present state of the economy (when   there is excess capacity in manufacturing, adequate stocks of foodgrain and   the inflation rate is trending downwards) we have a favourable moment for a   public investment-centred fiscal expansion.

e)     There are reports that faced with the   prospect of overshooting the target of 4.1 percent for the fiscal deficit in   the current fiscal year, the Ministry of Finance has advised a reduction of   plan expenditure.

f)     The argument so far is based on   considerations of aggregate demand deficiency. But there are also significant   supply-side gains to be had from public capital formation.

g)     These supply-side gains feed into one of   the govts major initiatives and also one that is lacking even as it is very   important for the country.

h)     The first is the idea of Make in India.   The second is agriculture, which has so far received less attention from the   govt than it deserves given its importance.

i)     FDI is important both as a source of   funds, foreign exchange and technology, and conditions must be created for a   favourable entry of foreign firms but we can hardly ignore Indias   entrepreneurs if we are interested in the wide-spreading of prosperity. 

j)     While SEZ can be useful especially for   raising exports and large corporates may push for them, the author said the   infrastructure needed to service the segment of Indian manufacturing dubbed   unorganised.

k)     More recently termed the MSME sector (this   sector produces close to half the manufacturing output) comprises the largest   number of production units, employs the largest number of workers and   generates a significant share of exports.

l)      Public capital formation in agriculture   has been on the downward trend for about 25 years now, preventing the yield   increase necessary for keeping price increase in check.

m)     Whether in industry or in agriculture,   expansion of the economys infrastructural base increases productivity,   driving growth and increasing the tax revenue needed to finance the public   debt.

n)     There is no question that the choice of   projects should be done carefully and the implementation strict. The Pradhan   Mantri Gram Sadak Yojana initiated some years ago would be an ideal vehicle   for investment. 

o)     The suggestion that the budget be used   as the vehicle for expanding the capital base of the country indicate also to   be seen from the point of view of the mode of financing. 

p)     In general, the importance of public   capital in the form of infrastructure for economic growth has been underrated   in the discourse on the future of India.

q)     The food subsidy could be trimmed if the   PDS is linked to Aadhaar and the buffer stock reduced substantially.

r)     Increasing the foodstock beyond what is   necessary is not only costly but also raises the market price, leaving the   poor without access to the PDS worse off, thus defeating the very purpose of   govt intervention.

5.

MoEF accepts some HLC recommendations (Page 11)

a)     National

a)     Environmental   laws

b)     High-Level   Committee (HLC) recommendations

a)     The controversial report of the HLC   seems to have been partially accepted by the Union Ministry of Environment   and it is looking to appoint a technical consultant to draft two new laws.

b)     Official sources said hiring a   consultant was the best way to go about implementing some of the 55   recommendations.

c)      The HLC report has suggested that some   laws can be combined, which would be done by the consultant while the   Ministry is looking at laws that needed refinement.

d)     The HLC has made important observations   and 55 recommendations.

6.

India improves press freedom rank (Page 12)

a)     National

a)     Press Freedom

b)     World Press   Freedom Index (WPFI)

 

a)     In   the annual WPFI, India was ranked 136 out of 180 nations worldwide in terms   of press freedom in 2015.

b)     Indias abuse score (which reflects the   intensity of violent harassment faced by journalists) was 59.58, higher than   Sri Lankas score but below Pakistans and Chinas score.

c)     The WPFI ranks the performance of   countries according to a range of criteria that include media pluralism and   independence, respect for the safety and freedom of journalists, and the   legislative, institutional and infrastructural environment in which the media   operate.

7.

RBI to put one-rupee notes in circulation (Page 11)

a)     Economy

a)     Coinage Act 2011

b)     RBI

a)     RBI said that it will soon put in   circulation currency notes in one-rupee denomination.

b)     It said the notes will be printed by the   Govt of India and these currency notes are legal tender as provided in the   Coinage Act 2011.

8.

8m tones of plastic waste dumped in oceans in 2010 (Page   20)

a)     Environment

b)     Geography

a)      Plastic waste management

b)     Pollution

a)     For the first time, researchers have   quantified the amount of plastic waste entering the ocean from land.

b)     In 2010, an estimated 8 million tonnes   of plastic waste made its way to the ocean; it is nearly the amount of   plastic generated globally in 1961.

c)     Most of the plastic waste that enters   the ocean is on account of plastic waste and mismanaged plastic waste system   in several countries.

d)     Twenty countries accounted for 83 percent   of mismanaged plastic waste that entered the ocean.

e)     The countries that contributed the greatest   amount of waste that ultimately entered the ocean were arrived at by taking   into account the population and quality of waste management systems in place.

f)     India is ranked 12, with 0.6 million   tonnes a year of mismanaged plastic waste.

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