UPSC IAS The Hindu Current Affairs 7 Feb 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.
7th February 2018
Likely misuse no ground to strike down Aadhar :
Supreme Court of India stated that mere a possibility of misuse can not be a ground for striking down a legislation.
The Manufacturing muddle
Words and Facts
- Inverted duty structure
- Share in manufacturing sector did not rise significantly after liberalisation.
- Indian manufacturers are unreasonably exposed to competition suddenly after liberalisation. It could have been a graded exposure.
- Labour growth and employment trends : 2000-2004-05 – labour force grew sharply and theya re absorbed in to agriculture sector or traditional services.
- From 2004-05, number of entrants to job market reduced. Due to increased schooling and decrease in population. Most of them are absorbed in to construction sector.
- From 2011-12 onwards till 2015-16, young people bulged in labour force. but, as other avenues are lacking many of them are absorbed in to agriculture. Manufacturing workforce is declining overall and for youth as well. To an extent, jobs in the services sector increased during this period.
Way forward for India
India has to increase exports and consumer demand for manufacturing sector to revive.
A roster of questions
Collective decision making must inform the allocation of cases in supreme court. The better system can be allocating the cases as per the expertise of judges on a random basis. If matters are subjected to the decisions of an individual there can be a chance of subjectivity.
Winter Olympics in south korea have many significant political developments to be remembered for .
- North Korea is participating in these olympics.
- Russian athletes are banned for the reasons of systemic doping / state sponsored doping.
President trump has stated at Davos that America first does not mean America alone. His strong rhetoric against protectionism appears to be softening.