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The Hindu Analysis Free PDF Download

Date: 12 March 2021
  • Family member of H-1B visa holder
  • 75%
  • Doha Agreement
  • Article 48

Q.) According to the Ministry of Home Affairs, there has been a ___ % increase in the number of persons arrested under the Unlawful Activities (Prevention) Act in 2019 compared to the year 2015.

  1. 40
  2. 50
  3. 63
  4. 72

Q.) China has launched a digital certificate (virus passport), which shows a user’s vaccination status and virus test results, available for Chinese citizens via which social media platform?

  1. Weibo
  2. WeChat
  3. RenRen
  4. QQ

Q.) Name the only CM of Uttarakhand who has completed a full term since the State was carved out of UP in 2000?

  1. ND Tiwary
  2. Trivendra Singh Rawat
  3. Harish Rawat
  4. Ramesh Pokhriyal ‘Nishank’

Q.) Dustlik-II is a joint military exercise between India and which country?

  1. Uzbekistan
  2. Kazakhstan
  3. Kyrgyzstan
  4. Mongolia

 

Working towards climate justice in a nonideal world

  • The election of Joe Biden as U.S. President has catapulted climate change to the top of the global agenda
  • Former S. Secretary of State, John Kerry is now the Special Presidential Envoy for Climate
  • The presidential call to reconvene the Major Economies Forum (MEF) starting with a Leaders’ Climate Summit in April this year.
  • The serious unwillingness of emerging economies to be labelled “major emitters” saw the meeting retitled “Major Economies Meeting” given the clear link between GDP and GHG.
  • Today, all countries are told to commit to net zero (GHG emissions) by 2050
  • Indeed, the Chinese, who posited themselves as reaching there by 2060, have been sternly told to be there a decade earlier.
  • As of today, countries representing around 65% of global CO2 emissions have already agreed to this.
  • The UN Secretary-General would like this figure to reach 90% within 2021.
  • India, with its huge population and now one of the world’s largest economies, can easily be in the crosshairs of such a discourse no matter its extraordinarily small carbon footprint in per-capita terms and huge development imperatives.
  • World Trade Organization rules that presently exclude the use of tariffs on environmental grounds will certainly get modified.
  • The issue of money, especially the lack of it, is a perennial one in the climate discourse.
  • Raghuram Rajan’s proposal: Those above the global average would pay, while those below would receive the monies.
  • Climate justice is an imperative for India, which needs to leverage its green and pro-nature commitment to ensure carbon and policy space for its developmental and global aspirations.
  • India’s diplomatic and negotiating efforts must be quickly geared to that end.

Quad Summit | ToI

  • Today’s first summit meeting of the Quad countries – India, Japan, the US and Australia – elevates this format and cements its role as a key pillar of the free and open Indo-Pacific architecture.
  • Coming so soon in the Biden presidency, the summit signals his administration’s intent to pick up where the Trump administration left off in terms of balancing China’s aggressive behaviour.
  • While Trump largely sought to push the Quad in a military direction, Biden is seeking to expand its scope and adopt a holistic approach to push back against Beijing.
  • Military coordination without an economic and technological anchor is insufficient
  • The new accent is on resilient supply chains, emerging and critical technologies, maritime security and climate change.
  • China’s dominance in key technologies like semiconductors, AI, quantum computing, surveillance technology etc.
  • India should fully capitalise on these coalitions to obtain cutting-edge technology, boost domestic R&D and kick-start its own industrial reforms.

Slowly does it | Ind Exp

  • The Russian government, in its battle with Twitter and other foreign social media entities, has decided to exploit a
  • Roskomnadzor, the country’s media watchdog, has announced that it will slow down the speeds at which Twitter is available to users in the country — a roundabout, and effective, form of censorship.
  • The official reason for the enforced “slowdown” is Twitter’s failure to delete posts related to drugs, suicides and pornography.
  • Social media companies are increasingly being seen as undermining the sovereign authority of nation-states.
  • More likely, though, is the fact that the internet has been used extensively by anti-Putin politicians like Alexei Navalny and their supporters.
  • But when dealing with billion-dollar international companies, a slowdown is more effective than a one-time fine.
  • Russia, the inheritor of the Soviet state, certainly knows its way around controlling information.
  • Remember, its leader is a former KGB member and it’s no surprise that it found a loophole — between outright “shutdowns”, so favoured in India, and the painful task of negotiating legislation to control the internet.

Opening move | Ind Exp

  • Weeks after Finance Minister Nirmala Sitharaman proposed to increase the foreign direct investment limit in the insurance sector in her budget speech, the Union cabinet on Wednesday approved a proposal to amend the Insurance Act 1938 for raising the FDI limit to 74 per cent, from the current 49 per cent.
  • A bill to amend the Act will be introduced in the ongoing budget session of Parliament.
  • Insurance penetration in India continues to lag far behind other Asian economies, despite the presence of a large number of insurance companies.
  • As per the Economic Survey 2020-21, while insurance penetration (estimated as a percentage of insurance premium to GDP) in India has risen from 2.71 in 2001 to 3.76 in 2019, it is far lower than in countries like Malaysia (4.72), Thailand (4.99) and China (4.3).
  • A closer look at the data shows that penetration of life insurance in India stands at 2.82 (it has declined from 3.1 in 2013), while that of non-life was estimated at 0.94 per cent in 2019.
  • In comparison, the global insurance penetration stands at 3.35 per cent in the life segment, and 3.88 in the non-life segment.
  • Similarly, even as the insurance density (the ratio of premium to population) in India has risen from $11.5 in 2001 to $78 in 2019, it is way lower than other Asian economies — it stood at at $536 in Malaysia, $389 in Thailand and $430 in China.
  • Part of the reason for low penetration can be traced to the fact that increasing coverage is a costly proposition considering the capital requirements imposed on insurance firms.
  • Thus increasing the FDI limit could lead to a capital infusion in insurance companies, helping them expand their coverage.
  • However, a look at the existing FII holdings in insurance firms shows that even the existing limits haven’t been fully utilised.
  • Average foreign investment in the insurance companies, both life and non-life, remains well below the current limits.
  • The country’s favourable demographics, and the extent of the underinsured market do add up to an attractive proposition.
  • The move is also likely to benefit the smaller players who currently have limited access to long-term committed sources of finance, fostering greater competition as a consequence.

Financial NEWS

  • New Flight Plan
    • The government is examining a proposal to renegotiate foreign flying rights with several countries, including those in the Middle East.
    • A passenger flying to New York from Delhi can either take nonstop flight or via one of the hubs in the Middle East or Europe—this is known as sixth-freedom traffic in aviation parlance.
    • The idea is to cut down on so-called sixth-freedom privileges to foreign carriers.
    • Liberal bilateral awards have led to a situation where people fly one-stop through the foreign carrier’s home airport to various parts of the world. This has made it difficult for our Indian carriers to launch direct flights to these international destinations.
  • Term Life Covers
    • Insuring life is set to get more expensive and harder in the fiscal year starting April.
    • Increased comorbidity risks due to the pandemic and the adverse loss experiences of global reinsurers are set to weigh on how life covers are priced.
    • Set to be raised at least 10-15% by most private sector insurance companies
    • Moreover, reinsurers also want Indian life insurers to overhaul underwriting practices to make them more stringent and standardised.
    • Therefore, rejection rates for insurance policies, especially for those prone to comorbid risks, could also increase.
    • Insurance Regulatory and Development Authority (IRDAI) doesn’t allow any sudden revision in term rates.
  • Assets for Sale
    • Niti Aayog has asked administrative ministries to create a pipeline of assets that can be monetised in the next four years
    • It’s preparing a schedule for the sustained sale of assets and companies to be privatised.
    • Niti Aayog has already identified about 100 assets, valued at about ₹5 lakh crore, that will be put on the fast track
    • The government intends to close all loss-making units.
    • The government has a disinvestment target of ₹1.75 lakh crore for FY22.
    • It had budgeted ₹2.1 lakh crore from disinvestment proceeds in FY21 but has raised only about ₹21,300 crore so far through stake sales.
  • Urban Joblessness
    • The urban unemployment rate more than doubled in the first three months of the lockdown from the corresponding quarter a year ago, data released by the government showed, providing first official estimate of loss of jobs due to the pandemic and the strict measures implemented to control it.
    • Unemployment in urban areas rose to 20.9% in the April-June period from 9.1% in January-March 2020, and 8.9% in April-June quarter of 2019, showed the quarterly Periodic Labour Force Survey (PLFS) released on Wednesday.
    • Unemployment rate in urban males including transgenders was 20.8% while that in females was 21.2%, showed the data released by the Ministry of Statistics and Programme Implementation.
    • Young workers were hit the hardest — urban unemployment in the age group 15-29 years was 34.7%.
  • New Social Media Norms may Land Tech Giants in Higher Tax Bracket
    • Tech giants such as Google, Facebook and Twitter may have to pay significantly more tax in India as a result of the government’s new social media guidelines.
    • Tech giants such as Google, Facebook and Twitter may have to pay significantly more tax in India as a result of the government’s new social media guidelines.
    • This, say experts, would mean companies will have to set up an office for these functions which might be interpreted by the tax authorities as creating a permanent establishment (PE) in India.
    • PE is a concept in taxation that determines which country has the right to tax a multinational’s income and to what extent.
    • These companies currently do have offices in India but as per tax regulations the entire money made in India is not taxable due to various structures under which they operate.
    • Currently these company pay a so called equilisation levy of 6% on advertising revenues, which are largely booked overseas.
    • The government’s Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules 2021 require companies to have resident compliance, grievance officers and nodal contact persons for 24/7 coordination with law enforcement agencies.
  • PM Modi to inaugurate curtain-raiser activities of Azadi ka Amrut Mahotsav, flag off Padyatra from Sabarmati Ashram to commemorate 75th anniversary of India’s Independence
  • Azadi ka Amrut Mahotsav: Several events to be held across country to mark the occasion
  • Today is last date for withdrawal of candidature for first phase; Filing of nomination papers to end today for 2nd phase of assembly elections in Assam, West Bengal
  • Filing of nomination papers to begin with issuance of notification for single-phase assembly polls in Kerala, Tamil Nadu, Puducherry
  • Prime Ministers of India, Australia, Japan & US President to virtually participate in First Quad Leaders’ Summit today
  • Cumulative number of COVID19 vaccine doses administered in country crosses 2.60 crore
  • ICAR granted conditional exemption for trials to evaluate drone spraying solution on sugarcane crop
  • PM Modi’s mother receives first jab of Covid-19 vaccine
  • Culture and Tourism Minister Prahlad Singh Patel to lead Padyatra from Sabarmati Ashram on Friday
  • VP and PM express anguish over passing away of Chief of Brahma Kumaris Rajyogini Dadi Hriday Mohini
  • US President Joe Biden signs 1.9 trillion dollar coronavirus rescue package into law
  • US President Joe Biden outlines his plan to make all adults vaccine-eligible by May 1
  • Iran, Bahamas and Benin receive 'Made in India' Covid-19 vaccines under Vaccine Maitri initiative
  • Billboards come up in Greater Toronto area thanking PM Modi for providing COVID-19 vaccines
  • China's 'two sessions' conclude with passing of resolution on Hong Kong which ensures only 'patriots' can rule Hong Kong