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The Hindu News Analysis 05th March 2020

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1)Consider the following statements with respect to ‘Nilgiri Tahr’.

i. It is only found in Tamil Nadu.

ii. It is listed as ‘Endangered’ under the IUCN Red List.

Select the correct statements

a) 1 Only

 b) 2 Only

c) Both

d) None

2)‘Ajeya Warrior’ is a biltaerla military exercise between India and

 a) United Kingdom

b) France

c) Japan

d) Russia

3)Consider the following statements with respect to ‘13th Conference of Parties (COP) of the Convention on the conservation of migratory species of wild animals (CMS)’

i. It will be hosted by India, in Gandhinagar, Gujarat.

ii. The mascot for CMS COP13 is ‘Gibi – The Bengal FLorican’.

Select the correct statements

a)1 only
b)2 only
c)Both
d)None

1)SC frees trade in crypto-currencies, annuls RBI curb:-

What is Cryptocurrency?

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference.

Cryptocurrencies can be sent directly between two parties via the use of private and public keys.  These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.

Reading between the Lines the Verdict :-

1)First, the order upholds the principle of fairness and equal opportunity. The fact that the apex court outright shot down a strong policy step by RBI against a whole industry has consequences on the fairness of our regulators given their quasi-judicial status. Since the RBI curbs impact a whole innovative industry — an industry that posed challenges to a whole setup of incumbent players under the regulators’ active supervisory umbrella – it also means the industry was probably not provided equal opportunity to exist and grow.

2)Secondly, the verdict would raise questions on how our regulators understand themselves and their role and jurisdiction. RBI was formed under an act of Parliament and that act gives it powers to form regulations. Those regulations cannot, therefore, supersede the rights and freedoms given to citizens and corporations through acts of the Constitution.

3)Third, by extension the SC verdict tells us regulation is not an absolute right or power, it’s a duty as well: Since the authority to regulate is vested with a single identified regulator, companies do not have a choice to go to anyone else. Similarly, the regulator also does not and must not have an absolute choice of killing an industry.

2)IIT Bombay and Delhi ranked among world’s top 50 tech institutions:– In fact, five IITs – including Kharagpur, Madras and Kanpur – made it into the top 100 list in that category of the QS (Quacquarelli Symonds) World University Ranking by Subject for 2020. IIT Bombay was ranked at 44, while IIT Delhi stood at 47.

Jawaharlal Nehru University remained the country’s top institution in the Arts and Humanities category, with a global ranking of 162.

However, Delhi University topped the Social Sciences and Management category, with a global ranking of 160,
followed by IIT- Delhi
at 183.

3)One Fact : Israel Parliament is Knesset.

4)ISRO postpones launch of GISAT-1:– India on Wednesday postponed the launch of its earth observation satellite “GISAT-1” onboard powerful geosynchronous rocket due to “technical reasons”, a day before its scheduled liftoff from Sriharikota in Andhra Pradesh, the Indian Space Research Organisation (ISRO).

EDITORIAL OF THE DAY :- 

Dark tales in Andhra Pradesh’s IIT success story

Every Year Andhra Pradesh is Producing a lot of  IItians. But underlying these grand successes is an ugly story, which emerged during a study on secondary education I conducted in AP in 2018-19. The State owes its distinction
in producing the largest number of IIT entrants to two major chains of ‘corporate schools’, which focus on preparing students for the IIT, and failing that, other engineering colleges. These schools had initially been established
for Classes XI and XII, but now cover the whole school cycle.

The pressure on students was enormous. As per the principal, students were divided into three ‘levels’ according to ability, and taught separately. There were fortnightly exams and cumulative exams every month, and students
were reallotted to different levels after the latter.

Behind this story of lost childhoods, and for many students, lost career opportunities too, lay corporate greed and state failure. Corporate greed was visible in aggressive campaigns to enrol students.

All the students in such schools lost the chance to be children, explore and grow, develop their special talents, and form their unique identity. But for those who did not get admission to engineering colleges, the loss was manifold.

Many students take Maths Forcefully when they can easily excel in Music, arts, sports or other fields.

This nasty tale of state collusion with uncaring profit makers remains hidden as the faces of successful entrants of IITs stare at us from newspaper advertisements every year.

5)Nod for changes to Companies Act for decriminalising offences:- 

The Centre proposes to amend the Companies Act again, in a bid to decriminalise a number of offences and ease corporate social responsibility (CSR) requirements, especially for smaller companies.

The amendment bill will also enable the listing of Indian companies on stock exchanges in foreign jurisdictions.
This is expected to give Indian firms greater access to capital, a broader investor base and better valuations.

6)Cabinet allows NRIs to take 100% in Air India:– The Union Cabinet on Wednesday decided to allow Non-Resident Indians (NRIs) who are Indian nationals to own up to 100% stake of Air India, which is bound for disinvestment.

Union Information and Broadcasting Minister Prakash Javadekar said at a press conference that the Cabinet, at a meeting chaired by Prime Minister Narendra Modi, had decided to increase the maximum stake for NRIs from 49% to 100%.

 

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