Daily News Prescription - 29th July, 2021

The Hindu

GS2: Issues and Challenges Pertaining to the Federal Structure,

• A judgment that must be taken in the right spirit The striking down of the 97th Amendment is a reminder that the power to regulate cooperatives must stay with States
• Oxygen for fiscal federalism A special rate could be levied to the States to enable them to raise more resources during the pandemic

GS2: Issues Relating to Development and Management of Social Sector/Services relating to Education, Human Resources.

• Japanese education spells holistic development It begins from scratch with elementary schools playing a vital role in trying to create mindful and responsible citizens
• PM to roll out academic credit bank On first NEP anniversary, other proposals such as the Higher Education Commission and four-year degrees are still not ready.

GS2: Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation.

• Cabinet clears amendments to LLP Act The Cabinet on Wednesday cleared amendments to the Limited Liability Partnership (LLP) Act of 2008, to whittle down several provisions

GS2: Bilateral, Regional and Global Groupings and Agreements involving India and/or affecting India’s interests.

• ‘Great challenges for all democracies’ U.S. Secretary of State discusses inter-religious relations, media freedom at ‘civil society round-table’

GS2: Effect of Policies and Politics of Developed and Developing Countries on India’s interests 

• Russia to boost Tajik Army with weapons Russia will bolster Central Asian ally Tajikistan's military with weapons, equipment and training amid a “deteriorating” situation in neighbouring Afghanistan, Moscow's defence minister said Wednesday on a visit to the country.

GS3: Economy

• ‘Deposits up to ₹5 lakh in ailing banks to be repaid in 90 days’ Cabinet approves deposit insurance law amendments on lenders in moratorium

GS3: Science and Technology

• Chandrayaan-3 mission likely late next year The Chandrayaan-3 mission is likely to be launched late next year, Minister of State for Space Jitendra Singh said in a written response to a question in the Lok Sabha on Wednesday. “Chandrayaan-3 is likely to be launched during the third quarter of 2022, assuming normal work flow henceforth,” he said

Indian Express

GS3: Economy

• Explained: How resolution ‘pre-packs’ for MSMEs can speed up insolvency cases What is the Pre-packaged Insolvency Resolution Process (PIRP) in the Bill, and how does it differ from the existing Corporate Insolvency Resolution Process (CIRP)?

GS2: Issues Relating to Development and Management of Social Sector/Services relating to Education, Human Resources.

• The vision of the National Education Policy must be served by its implementation Posterity will celebrate this time in India’s history as far as educational transformation is concerned. Can we walk the talk?

GS2: Government Policies and Interventions for Development in various sectors and Issues arising out of their Design and Implementation.

• How the Model Tenancy Act can benefit homeowners and tenants While it is a much-needed reform for India’s housing sector, states should use this opportunity to unlock the economic value of vacant housing and increase access to good quality housing for all demographics

GS3: Issues related to Direct and Indirect Farm Subsidies and Minimum Support Prices

• Farm reforms must be oriented towards minimising risk and increasing returns for farmers Just as entrepreneurs in the non-farm sector, they must be allowed to enter and exit agriculture, on their own terms and contract with whomever they wish.

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