Daily News Prescription 8th July 2019

Moderator
By Moderator July 8, 2019 08:04

GS 2

Polity and Governance

Quota politics (The Hindu)

The Uttar Pradesh government’s latest attempt to extend the benefits available to Scheduled Castes to 17 castes that are now under the Other Backward Classes (OBC) list has no legal basis and appears to be aimed at making political gains ahead of a round of by-elections to the State Assembly.

Crimes that India’s statute books have failed to define (The Hindu)

Neither ‘crimes against humanity’ nor ‘genocide’ has been made part of India’s criminal law, a lacuna that needs to be addressed urgently. This was the lament of Justice S. Muralidhar of the Delhi High Court, while pronouncing the judgment in State v. Sajjan Kumar (2018).

INTACH seeks UNESCO tag for Mysuru (The Hindu)

The Indian National Trust for Art and Cultural Heritage (INTACH) will make efforts to secure the UNESCO World Heritage site status for Mysuru.

Health ranking: Tamil Nadu objects (Indian Express)

Tamil Nadu, considered one of the best states in the country in quality and affordable healthcare, had been placed ninth in the ranking, slipping six places since the 2015-16 report.

Road accidents kill 400/day, 1/4th of them in UP & Tamil Nadu (Indian Express)

Road accidents in India killed between 1.46 lakh and 1.5 lakh people every year between 2015 and 2017, data tabled by the government in Parliament show.

International Relation

Reclaiming the Indo-Pacific narrative (The Hindu)

At the 34th summit of the Association of Southeast Asian Nations (ASEAN) in Bangkok in June, its member states finally managed to articulate a collective vision for the Indo-Pacific region in a document titled “The ASEAN Outlook on the Indo-Pacific”.

Indo-Afghan trade chokes on U.S. curbs  (The Hindu)

The government’s decision to slash its allocation for Iran’s Chabahar port by two-thirds, as announced by Finance Minister Nirmala Sitharaman in the latest Budget will be a further blow to India-Afghan trade, already hit by Pakistan’s decision to ban airspace rights to most flights to and from India, and U.S. sanctions on Iran, officials and diplomats in Delhi and Kabul said.

GS 3

Budget 2019

No easy answer to economic slowdown (The Hindu)

The most keenly watched number in the Union Budget is, perhaps, the ratio of fiscal deficit to GDP. A decline in the ratio is cheered by commentators and the markets. An increase is a seen as a setback to reforms.

Budget 2019: Defence allocation disappoints military (The Hindu)

There is a disappointment in the military and industry over the defence allocation in the Union Budget. There are also questions on the overall military modernisation and the big-ticket deals lined up for conclusion this year as there are no resources left for new procurements.

Outlay for child welfare sees a meagre increase (The Hindu)

The outlay for children in the Union Budget has shown a marginal increase of 0.05%, going up from 3.24% in the last fiscal to 3.29% in the current fiscal with a grant of Rs 91,644.29 crore.

Researchers fault Survey finding on UID-MGNREGS link (The Hindu)

Researchers and activists studying Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) data have disputed the argument made in the Economic Survey for 2018-19 on the positive causal impact of Aadhaar-linked payments (ALP) on the scheme.

Iran to breach uranium enrichment cap (The Hindu)

Iran on Sunday said that it was set to breach the uranium enrichment cap set by an endangered nuclear deal within hours as it seeks to press signatories into keeping their side of the bargain.

Budget clear that Centre will keep tempo up on infra spending (The Hindu)

The tone of the Economic Survey whetted our expectation of some bold announcements in the Budget. The vision of India entering the virtuous cycle of savings, investments and exports also added to our anticipation.

Road to agricultural and rural prosperity (The Hindu)

A truly agriculture and rural development-focussed Budget, it has adequately met the twin objectives of growth and inclusiveness.

A Budget for the masses (The Hindu)

Also, the time taken to complete construction of houses under PMAY has collapsed from 314 days in 2015-16 to 114 days in 2017-18, thus reassuring that the target of Housing for All by 2022 will be met.

‘No clarity on fiscal benefits on EVs’ (The Hindu)

This Budget is a blueprint for five years for all sectors of the economy. The auto industry needs a stimulus to get the demand cycle going.

Behind the decline in fiscal deficit (Indian Express)

Despite sluggish tax collections, Sitharaman has chosen to stick to the gilded path, projecting to bring down the deficit to 3.3 per cent of GDP in 2019-20 (BE), from 3.4 per cent in 2018-19 (RE).

Economy

State to pursue GST rate cut on multimodal transport (The Hindu)

The changes would also reduce the current rebate given on inter- and intra-State movement to ports and jetties. The Maharashtra Industrial Development Corporation (MIDC) and the Maharashtra Maritime Board (MMB) have put the focus on development of ports along the national waterways.

What does it mean for India to become a $5-trillion economy (Indian Express)

If India grows at 12% nominal growth (that is 8% real GDP growth and 4% inflation), then from the 2018 level of $2.7 trillion, India would reach the 5.33 trillion mark in 2024.

How easy money from banks led NBFCs into crisis (HT Mint)

In the budget, the finance minister said fundamentally sound NBFCs should continue getting funds from banks for which the centre will provide a partial credit guarantee

Environment

Plan for district eco-panels draws fire (The Hindu)

State-level officers tasked with environmental assessment have objected to several clauses in a draft law that proposes the creation of district-level environment impact assessment authorities.

 

Moderator
By Moderator July 8, 2019 08:04