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The Hindu Analysis Free PDF Download

Date: 15 June 2021

NEWS

  • PM Modi addresses UN High-Level Dialogue; Says India is working towards restoring 2.6 crore hectares of degraded land by 2030
  • India’s per-capita carbon dioxide emission is lowest amongst big economies: Union Minister Piyush Goyal
  • Pashupati Kumar Paras replaces Chirag Paswan as leader of Lok Janshakti Party in Lok Sabha
  • Centre relaxes electronic filing of Income Tax forms; Allows submission in manual format to authorized dealers till June 30
  • India emerges as 14th most charitable country in the World
  • More than 25.87 crores doses of COVID-19 vaccine administered in the country so far
  • PMGKAY to provide free food grains to country's 80 crore poor people badly affected by Covid-19 pandemic
  • Over 425.77 Lakh Metric Tonnes of Wheat procured so far in ongoing Rabi season
  • DoPT asks all govt servants at under secretary level and above to attend office on working days from 16th to 30th June
  • India to showcase its Space Power in all its dimensions in upcoming World Expo at Dubai in October this Year
  • UK PM Boris Johnson delays easing of Corona restrictions until July 19
  • NATO leaders declare China a constant security challenge
  • Trial of ousted Myanmar leader Aung San Suu Kyi gets underway, 4 months after military coup removed elected govt from office

FINANCIAL NEWS

  • CPI Soars to 6-Month High; WPI Also at Record Peak
    • Retail inflation hardened to a six-month high in May, joining the rising trend in wholesale inflation that also strengthened to a record, but experts said the Reserve Bank of India (RBI) may tolerate these levels for a while given concerns over growth.
    • Retail inflation, as measured by the consumer price index (CPI), accelerated to 6.3% in May from 4.23% in April, breaching the upper band of the RBI’s 2-6% range for the first time in six months
    • The wholesale price index (WPI), released separately by the commerce department, showed inflation at 12.94% in May, the highest in the current series with 2011-12 as the base, magnified by the year-earlier low base. WPI inflation was -3.37% in May 2020 and 10.49% in April 2021.
  • NHAI Plans to Expand InvIT Size
    • State-owned National Highways Authority of India (NHAI) plans to increase the size of its proposed infrastructure investment trust (InvIT) and is expected to raise as much as ₹15,000 crore in two rounds.
    • As part of the monetisation programme announced by the government, NHAI plans to sell about 32 more operational road assets spanning 1,500 km as well as upcoming TOT (toll-operate-transfer) projects.
    • Out of the 32 roads, about 20 totalling 1,000 km will be brought under the proposed private-listed InvIT in the second round.
    • The InvIT is likely to hit the market by next month, having obtained approval from the Securities and Exchange Board of India (Sebi) in May.
  • e-Marketplaces Test Waters with a Wave of Measures
    • Online marketplaces are launching a slew of initiatives to test consumer appetite as the devastating second wave of Covid-19 slows down across the country.
    • While Flipkart announced a sale across categories on Sunday, Amazon India is due to kickstart a sale event next month, people aware of the matter said.
    • As India records a sharp drop in new infections and larger states begin to relax lockdown guidelines that came into effect in the final week of April, etailers are exploring options for a steady recovery in all segments, including those regarded as non-essential.
  • Petrol, Diesel Prices in India Rise Again as Crude Oil Rates Top $73 a Barrel
    • Fuel prices rose again on Monday, setting new records in the country as crude oil prices topped $73 a barrel, the highest in a little more than two years.
    • Petrol and diesel sold for ₹102.58 and ₹94.7 per litre, respectively, in Mumbai on Monday.
    • Petrol now costs ₹96.41 and diesel ₹87.28 in Delhi. Petrol prices are up ₹25 a litre and diesel ₹18 a litre in just about a year.
    • Crude oil prices have almost doubled since the beginning of November as fuel demand has returned with the reopening of economies.
    • Wider vaccination has helped governments lift Covid-linked restrictions, easing mobility and boosting economic activity.

MPLADS | Pioneer

  • Members of Parliament Local Area Development Scheme
  • Allots Rs 5 crore annually to every MP
  • Suspended for 2020-21 and 2021-22
  • There are 543 Lok Sabha and 250 Rajya Sabha MPs, a total of 793.
  • If fully utilised by every member, the Government of India would spend Rs 19,825 crore over five years.
  • Individual MPs are not accountable to anyone regarding what they have done with their Rs 25 crore during their terms.
  • It was introduced by Prime Minister Narasimha Rao
  • The figure then was Rs 2 crore annually
  • Manmohan Singh increased the figure to Rs 5 crore
  • Prafull Goradia’s own experience of the Rs 4 crore allocated to him for his two-year membership.
  • We are talking of the period towards the end of 2000.
  • Different people gave him different suggestions
  • Someone non-political suggested that I should build as many Sulabh Shauchalayas as possible on Vadodara’s streets.
  • It took two odd years to get all the piece of land too for 10 bus stops in the city.
  • In the rural sector, 88 brick and mortar bus stops were built, fortunately obliged by the same agency.
  • Medical equipment for Ahmedabad’s public hospital Sheth Vadilal Sarabhai, a computer system in a school in Vadodara city and several anganwadis in a few villages were also set up.
  • Imagine the amount of work that could be done with a mere Rs 4 crore!
  • In spite of these shortcomings, if there be a parliamentary consensus for resuming the grants to MPs, be it so.
  • But a change in procedure is necessary; let a keen MP apply to the Finance Minister giving what s/he proposes to do and how, within how much time.
  • If an earmarked joint secretary finds the proposal viable and useful for the particular area, an approval could be given but subject to audit by a licensed auditor empanelled for MPLADS.
  • The result would be beneficial to the area’s people, executed economically and with a degree of uprightness.

How Not to Upgrade Vital Websites

  • It is disappointing that the new income-tax portal announced as ‘modern, convenient and seamless’ continues to be plagued by glitches.
  • Justifiably, taxpayers are miffed as they are either unable to log in or carry out transactions — uploading relevant forms such as tax deducted at source on payments made to a non-resident or replying to a notice from the income-tax department.
  • The reported holding up of overseas remittances has led to corporates being treated by overseas parties as defaulters.
  • Premier technology service provider Infosys, which should have thought through the migration pangs, must fix the glitches swiftly.
  • It makes sense to keep the old system running for more time till the new system stabilises.
  • Unlike the GST Network, the income-tax system has been in place for over two decades now, operated by the same vendor over the last decade or so.
  • It is not unreasonable to expect aspects of migration and user interface to be handled flawlessly.
  • Once it is found stable and usable by the volunteer operational users, the rest can be invited to make the switch.
  • Continuous (24×7) service industries cannot afford to go down, and a roll-out of new IT systems must be preceded by robust internal testing as also providing a fallback option to users.
  • This lesson must be learnt by government departments outside income tax.
  • Systemic precautions are needed to avoid glitches of the income-tax site kind.

An elite club

  • The G-7 summit, sent out two very strong messages.
  • USA is back to take the lead on global challenges
  • The G-7 commitment to donate one billion coronavirus vaccines to poorer countries and to invest $12 trillion in their combined pandemic recovery plan depends on U.S. commitments for a large part.
  • The special communiqué on “Open Societies” for the G-7 outreach, and the invitation to “fellow democracies” India, Australia, South Korea and South Africa are also an extension of his stated commitment to convening a Democracy Summit this year.
  • Even the slogan for the G-7, “Build Back Better”, was a White House term to declare America’s economy and jobs recovery plan.
  • The second message was the consensus amongst the seven-member countries on countering China.
  • The final G-7 communiqué holds no less than four direct references to China, each negative, including criticising Beijing for its rights record in Xinjiang and democratic freedoms in Hong Kong, its “non-market policies and practices...”, concerns over its actions in the China Seas, and a demand for a transparent investigation into the origins of the COVID-19 virus.
  • What about emerging economies?
  • On economic issues, the EU is a more representative unit than the individual European G-7 member countries.
  • Finally, the premise of a group like the G-7, that of an exclusive club of the “haves” or “the best vs the rest”, seems anachronistic in a world that is much more interlinked now than in 1975, when the grouping first came about.
  • India, a special guest to the G-7/G-8 since 2003, has also maintained its independent course, especially on political issues.
  • India voiced concerns about some clauses in the joint communiqué on Open Societies which condemned “rising authoritarianism”, net shutdowns, manipulation of information, and rights violations — areas where the Modi government has often been criticised itself.
  • Addressing the session on Open Societies, Mr. Modi said that India is a “natural ally” to the G-7.
  • In the present, the Government will be expected to walk the talk on its commitments at the G-7 outreach, especially in the areas of information clampdowns, given that India had the largest number of Internet shutdowns in 2020.

ANS

Q.)Name the terrorist organisation deemed responsible by Burkinabe authorities for the recent massacre of at least 160 people in Burkina Faso?

  1. Islamic State in the Greater Sahara
  2. al-Qaeda in the Islamic Maghreb
  3. Jama’at Nusrat al-Islam wal Muslimeen
  4. Ansar-ul-Islam lil-Ichad wal Jihad

Q.)“New START” is a nuclear arms control treaty involving which 2 nations?

  1. USA, Iran
  2. Russia, North Korea
  3. USA, Russia
  4. USA, China