23 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.

The Hindu Daily News Analysis

Get Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper for free.

The Hindu newspaper is one of the most important source for preparing GS/GK for any competitive exam in India. This free Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper will help you make notes for various competitive exams like SSC, CDS, UPSC Civil Services, UPSC CAPF, Banking, Railways RRBs, Insurance, UPSC IES, UPSC IFS, etc. This complete analysis contains both fact based news highlights for objective exams and in depth analysis of editorials and opinions for descriptive papers and essays in very easy and simplified language.
Also, keep reading and subscribing to our main website TheRadical - Information That Matters for articles on various issues like defence, army, navy, air force, economics, politics, current affairs, etc.

Important Headlines

Front Page

  • Rajasthan’s free medicine scheme gets first rank.
  • India to receive first Rafale fighter jet next month: Modi.

National

  • Punjab to canalise rivers with help from World Bank.
  • Maharashtra Finance and Planning Minister Sudhir Mungantiwar on Thursday directed his department to set up a committee of experts for guidance to make Maharashtra a $1 trillion economy by 2025.
  • Andhra Pradesh Finance Minister Buggana Rajendranath Reddy has stated that Amaravati would continue to be Andhra Pradesh capital, even as a controversy rages over its purported shifting.

International

  • Financial Action Task Force (FATF) Asia ­Pacific Group may blacklist Pakistan.
  • With earnings of $65 million, Bollywood actor Akshay Kumar has beaten Hollywood stars like Chris Evans and Will Smith to secure fourth place in the Forbes’ annual list of world’s highest paid actors.
  • Russia launches rocket with humanoid robot into space. Its name is FEDOR(Final Experimental Demonstration Object Research).
  • India-US 2+2 meeting being held in California.

Business & Economy

  • Sensex plunges 587 points.
  • Rupee hits 8 month low.


    In-depth News Analysis

    1. Rajasthan ranks 1st in free medicine scheme implementation

    Background

    The National Health Mission (NHM) has given first rank to Rajasthan among 16 States in the implementation of its flagship free medicine scheme.

    Details

    • Chief Minister of Rajasthan Ashok Gehlot had launched the scheme on October 2, 2011, during his previous tenure, for providing free drugs to patients coming to public health facilities.
    • To implement the scheme, Rajasthan Medical Services Corporation Limited (RMSCL) was incorporated in 2011, as a Public Limited Company.
    • The initiative was aimed at reducing out-of-pocket expenditure of patients suffering from cancer, heart and kidney-related diseases as well as other serious ailments.
    • Since 2011, as many as 67 crore patients have benefited from the scheme. About 2.25 lakh patients get free medicines every day.

    2. SC refers Oxytocin ban to larger bench

    Background

    The Supreme Court has referred a batch of petitions challenging a government notification banning private companies from manufacturing Oxytocin to a larger Bench. An April 2018 notification issued by the Centre under Section 26A of the Drugs and Cosmetics Act, 1940 restricting the manufacture of Oxytocin for domestic use is at the centre of controversy. The notification said, only public sector undertakings could manufacture the drug.

    What is Oxytocin?

    • Oxytocin is a hormone that is made in the brain, in the hypothalamus. It is secreted by, the pituitary gland, which is located at the base of the brain.
    • Oxytocin is a first line drug administered to save the lives of young mothers suffering from excessive bleeding immediately after childbirth.
    • Oxytocin is included as a lifesaving drug in the National List of Essential Medicines (NLEM).

    Details

    According to the SC, the bench should look into various aspects like:
    • Whether the government notification will result in monopoly
    • Whether the restriction on its manufacturing is in public interest
    • Whether the government's decision would achieve the objective and purpose of preventing the unregulated and illegal use of the drug, among others.

    3. Amid increased India-Pak tension, the United States is hosting an inter-sessional meeting of the US-India

    Background

    2+2 Dialogue in California to discuss ways to advance cooperation on critical diplomatic and security
    priorities.
    Details
    • Indian and U.S. officials have gathered in the Naval Postgraduate School at Monterey, California, for the 2+2 intersessional and the Maritime Security Dialogue.
    • The two countries will discuss maritime developments in the Indo-Pacific and the strengthening of  bilateral maritime security cooperation. Discussions would be on
        • The ways to advance cooperation on critical diplomatic and security priorities
        • Shared vision of a free and open Indo-Pacific region
        • Review preparations for the next 2+2 Ministerial Dialogue.
    • Since their first 2+2 Dialogue in September 2018, India and the U.S. have had intense engagement,albeit with mixed results in the trade, strategic and defence aspects of their relationship.
    • External Affairs Minister S. Jaishankar and U.S. Secretary of State Michael Pompeo are set to meet for the 2+2 Dialogue later in the autumn in the U.S. The interactions will lay the ground work for the visit.

    4. SEBI’s liberalized norms for FPIs

    Background

    • The Securities and Exchange Board of India (SEBI), based on the recommendations of the R. Khan committee, eased several regulatory restrictions that are likely to make life easier for foreign portfolio investors (FPIs).
    • FPIs have been withdrawing from Indian equities after the finance minister introduced higher tax surcharge on the super-rich in the budget in July.
    • In the past two months, FPIs have sold Indian shares worth $3.07 billion, while they were net buyers of shares worth $11.3 billion till June.
    • Foreign investors who have been fleeing the country since the Union budget have something to cheer about finally.

    Measures taken by SEBI

    • Among a slew of measures, the financial markets regulator has simplified the registration process for FPIs by doing away with the broad-based eligibility criteria, which required a minimum of at least 20 investors in a foreign fund, and certain documentary requirements.
    • FPIs can now also engage in the off-market sale of their shares with fewer restrictions.
    • Further, SEBI has allowed entities registered at an international financial services centre to be automatically classified as FPIs. This might help foreign investors bypass some of the restrictions.
    • Mutual funds with offshore funds too can invest in India as FPIs to avail certain tax benefits now.
    • Central banks that are not members of the Bank of International Settlements are also allowed to register as FPIs and invest in the country under the new norms. 

    5. Increasing investment to stimulate growth

    Introduction

    • India’s current economic slowdown is due to a combination of two underlying trends.
    • First, there is the short-run cyclical slowdown exhibited by a number of high-frequency indicators, reflecting a significant fall in demand, especially for sectors such as automobiles, consumer durables and housing.
    • Second, there is the more serious long-term fall in investment and savings rates. Raising growth requires that attention be paid to both cyclical and structural dimensions of the problem.

    Gross Fixed Capital Formation (GFCF)

    • As per RBI, Gross capital formation refers to the ‘aggregate of gross additions to fixed assets (that is fixed capital formation) plus change in stocks during the counting period.’
    • It consists of resident producers’ investments, deducting disposals, in fixed assets during a given period.
    • GFCF is not a measure of total investment, because only the value of net additions to fixed assets is  measured, and all kinds of financial assets are excluded, as well as stocks of inventories and other  operating costs
    • Fixed asset refers to the construction, machinery and equipment.
    • They are tangible or intangible assets produced as outputs from production processes that are used repeatedly, or continuously, for more than one year.
    • The most important exclusion from GFCF is land sales and purchases.
    • Any rise or increase in GFCF means an increase in investment in fixed assets which gets translated into higher rate of economic growth in long run.

    Stats

    • When it comes to the Gross Fixed Capital Formation (GFCF) relative to GDP at current prices, a steady fall has been visible since 2011-12, when it was 34.3%. By 2017-18, it had fallen by 5.7% points, to a level of 28.6%.
    • Assuming an Incremental Capital Output Ratio (ICOR) of 4, this meant a fall of nearly 1.4%  points in the potential growth rate. The fall consisted of sectoral decreases in the household, private corporate and public sectors
    • It is noticeable that the fall in the household sector’s investment rate got arrested by 2015-16.
    • However, by then, the rate had already fallen by 6.3% points.
    • From 2016-17, the sector’s investment rate even showed some recovery.
    • In contrast to the household sector rate, the private corporate sector investment rate did not show any fall up to 2015-16 when, at 11.9%, it was in fact higher than the corresponding rate for 2011-12 (11.2%).
    • It fell in the subsequent years, but only by 0.7% points.
    • This near-constancy runs counter to what industry leaders have been saying and what other data sources such as CMIE indicate, casting some doubts on the veracity of the figures.
    • In the case of the public sector, the rate fell by 0.3% points between 2015-16 and 2017-18.
    • Thus, the period from 2011-12 to 2017-18 can be seen as consisting of two parts:
        • 2011-12 to 2015-16, when the household sector investment rate fell sharply;
        • 2015-16 to 2017-18 when the investment rates of the private corporate and public sectors fell marginally.

    Conclusion

    • On the structural reforms that are needed to push the economy onto a sustained high growth path, much can be said.
    • We need a re-look at the Fiscal Responsibility and Budget Management Act (FRBM) Act.
    • The government should actually move towards reducing the revenue deficit to zero.
    • This can happen if the Centre focusses more on items on the Union list.
    • Once this is achieved, the Central Government can be given full freedom over fiscal deficit, as the entire deficit will be directed towards meeting capital expenditures. This was described as the ‘golden rule’ in U.K.

      If you have any questions or opinions, please let us know in the comments!
      If you like what you just read, make sure to subscribe to our daily newsletter and our YouTube channel.
      Also, please share this with someone who might find this information useful.

      COMMENTS

      Disclaimer:thRADICAL is only for the Educational Purpose & Education sector. We are not owner of any Book, Notes, Magazine, PDF Materials, eBooks Available on it, Neither it been Created nor Scanned. We are only provide the link and Material already Available on the Internet. If any Violates the Law or there is a Problem so Please Just CONTACT US.
      Name

      2019,10,2019 || Important news articles The Hindu || Daily GK,10,26 November 2018 || Important news articles The Hindu || Daily GK,1,ACC,1,AFCAT,3,BOOKS,4,CDS,2,Daily GK,10,DAILY GK TH,76,eBOOK,4,ELIGIBILITY,1,EXAMS,1,FRONT NATIONAL INTERNATIONAL OPINION BUSINESS,5,FRONT NATIONAL INTERNATIONAL OPINION,4,Important news articles,10,NDA,2,PPDT & TAT,1,SSB,4,SSB HELP MATERIAL,10,SYLLABUS,1,The Hindu,10,WAT,1,
      ltr
      item
      theRADICAL news: 23 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.
      23 AUGUST 2019 || THE HINDU DAILY NEWS & CURRENT AFFAIRS ANALYSIS FOR UPSC, SSC, CAPF, CDS etc.
      Get Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper for free. The Hindu newspaper is one of the most important source for preparing GS/Gk for any competitive exam in India. This free Daily News Analysis, Editorial Analysis and Current Affairs from The Hindu newspaper will help you make notes for various competitive exams like SSC, CDS, UPSC Civil Services, UPSC CAPF, Banking, Railways RRBs, Insurance, UPSC IES, UPSC IFS, etc. This complete analysis contains both fact based news highlights for objective exams and in depth analysis of editorials and opinions for descriptive papers and essays in very easy and simplified language.
      https://1.bp.blogspot.com/-fijs07gm0Jw/XVdZ-V9lsII/AAAAAAAAHTg/suboKc6dnO0XT3lwh5gGB9K_meg5NJnGACLcBGAs/s640/hindu.jpg
      https://1.bp.blogspot.com/-fijs07gm0Jw/XVdZ-V9lsII/AAAAAAAAHTg/suboKc6dnO0XT3lwh5gGB9K_meg5NJnGACLcBGAs/s72-c/hindu.jpg
      theRADICAL news
      https://news.theradical.in/2019/08/23-august-2019-hindu-daily-news-current.html
      https://news.theradical.in/
      https://news.theradical.in/
      https://news.theradical.in/2019/08/23-august-2019-hindu-daily-news-current.html
      true
      2733039477521013595
      UTF-8
      Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy