UPSC IAS The Hindu Current Affairs 26th May 2018 highlights are:
- They allow for flexibility to continue political engagement and economic cooperation with their common adversary.
- They avoid entrapment of being dragged in to a partners dispute and potentially in to a conflict.
- At the same time, strategic partnership provides for regular political and military interactions for a collaborative approach to strategic policies.
India and Japan relations perfectly figure in to the above relationship.
- India will not get deep in to Japan disputes and the same is the case with Japan. A mutual cooperation exists on the wider issues where win win situation exists.
Important developments of India – Japan special strategic and global partnership are
- Japan is the only country India allowed to invest in infrastructure in North east.
- There is a joint infrastructure project development – Asia – Africa Growth corridor.
- Japan and India agreed to have annual summits and 2+ 2 format for defence and foreign ministers meeting.
- India is buying ShinMaywa Amphibious ships from Japan.
- Japan is investing in infrastructure development in Andaman and Nicobar Islands.
Nuclear deal in danger
Trump’s continuous tirade against Iran nuclear deal appears to be an end to Obama era pragmatism. Nuclear deal was successfully able to stop Iran form developing a nuclear weapon. Added to this, Iran never violated the deal. In these circumstances USA imposing sanctions against Iran, will set a dangerous precedent in international agreements. Iran nuclear deal being multilateral agreement, President shall end his rhetoric.
A big broom
Government effort to release names of shell companies, Name and shame its directors may not yield sufficient results to fight unaccounted money. In the process, there is a possibility of harassing genuine companies or directors.
The best way forward is to arrest systemic shortcomings.
Tax payer rights and obligations
Indian tax administration system shall move from an enforcement to a service based model. Intentions of reforms are good but they are reactive. DTAA, GAAR, transfer price mechanism, implementation of GST all have challenges.
improvement in taxpayers’ service, enhanced use of information and communication technology, exchange of information with other agencies, expansion of tax base, compliance management, etc. Need to be improved to make tax administration Service oriented.
Beyond social Media
In India Geographical indications (Registration and protection) act 1999 has provided for registration of Geographical indications. There is no effective monitoring mechanism for quality compliance of the same. Unlike this in the European regulation clearly provides for monitoring at multiple levels. India also shall have the same.
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26 May 2018
Want to settle all issues in a friendly ambience
Prime Minister of Bangladesh sheik Hasina has emphasised that India and Bangladesh can solve all pending issues in a friendly ambience. Land boundary agreement between India and Bangladesh is an example how to sort out border issues between two countries.
Prime Minister Modi stated that India can learn from Bangladesh experience in areas of social sector. He also emphasised that two countries were born out of shared struggles of the past.
Tipping point in west Asia
Iran Nuclear deal came with a specific purpose
- To change the direction of USA policy of Double containment in West Asia
- To avoid nuclearisation of the region and to keep Iran away from Nuclear bomb. It was stated that Iran was close to 3months to prepare a nuclear bomb.
- To support moderate elements in Iran.
Many of the EU leaders have expressed support for curbing Iran’s missile proliferation and finding a way to extend nuclear enrichment restrictions beyond 15 years time frame set up by JCPOA. But, they intend to find a solution by preserving JCPOA. On the other hand, President Trump acted to pull USA out of JCPOA and it is expected to worsen the situation in west Asia.
- Iran tensions with Saudi Arabia and Israel are expected to grow in the region.
- It is difficult to verify Iran’s full compliance with Nuclear non proliferation treaty without enhanced JCPOA’s verification provisions.
- EU and USA are expected to go on opposite lines in considering JCPOA. If necessary, EU is expected to apply blocking statue to protect its companies from US sanctions.
The RERA report card
Many of the states are still to gear up to the provisions of RERA.
- Appointment of permanent regulatory authority is not done by all states. Only Maharashtra, MP and Punjab have appointed a permanent regulatory authority.
- Online portal need to be created.
- RERA requires to keep 70% of funds of a project in escrow account. It is to prevent diversion of funds and thereby delay of projects. It need a strict monitoring mechanism.
- RERA need to be brought in compliance with Insolvency and Bankruptcy code.
- Creation of regulatory authority need to be accessible to customers.
Unified field theory
Opposition parties need to come close to each other based on a strong action plan and manifesto rather than antipathy to BJP.
Calling off President Trump and Kim summit expressed the need for silent diplomacy to solve historical problems. In this scenario, USA – South Korea military exercises, USA stress on denuclearisation, Libya style disarmament model for North Korea and threats to Kim Jong un quoting Mohd Qadhafi ddi not do well for deescalation.
A cure for medical malpractice
Medical malpractice and regulation of health care sector is not a subject of necessary attention in India. Private sector rises largely in India after alma at a declaration to achieve health for all by 2000.
It led to unregulated expansion of private sector. Minimal regulation is through Medical council of India which acts by and large as a peer regulation and it is ineffective. National health protection scheme and rise in pressure groups is expected to bring regulation of health care in private sector. It is essential for protection of right to life and liberty.
CoC is not pro active enough
As per Insolvency and Bankruptcy board of India, Committee of creditors is not proactive enough to take forward the resolution process.
Any resolution process need approval of 75% of creditors for plans to be passed. Due to opposition from minority (27-28%) many of the cases are going to liquidation. so, he suggests threshold for rejection of a resolution plan need to be raised to 51%.