Blog

The Hindu News Analysis 09th March 2020

Print Friendly, PDF & Email

QUESTIONS OF THE DAY : –

1. ‘K Vijay Raghavan’ Committee is associated with

 a) 5G Mobile Network

 b) Funding of NGOs

 c) Adjusted Gross Revenue

 d) Patent licensing

2)Consider the following statements 

The westernmost state of India is Rajasthan.

The easternmost state of India is Nagaland.

Select the correct statements

 a) 1 Only

 b) 2 Only

 c) Both

 d) None

3)‘Caspian Sea’ is NOT bordered by

 a) Kazakhstan

 b) Uzbekistan

 c) Azerbaijan

 d) Turkmenistan

1) About ED ( Enforcement Directorate ) :-  It is economic intelligence and law enforcement agency responsible for enforcing economic laws and fighting economic crime in India. It functions under aegis of Department of Revenue, Union Ministry of Finance.

Its prime objective is enforcement of two key Acts of Government of India namely:

  1. Foreign Exchange Management Act 1999 (FEMA) and
  2. Prevention of Money Laundering Act 2002 (PMLA)

to check money laundering by curb black money and hawala trade cases.

It is composed of officers from the Indian Revenue Service, Indian Police Service and the Indian Administrative Service. It was established in 1956 as ‘Enforcement Unit’ in Department of Economic Affairs. It is headquartered in New Delhi.

2)‘Over 40% govt. schools don’t have power, playgrounds’: Almost half the government schools in the country do not have electricity or playgrounds, according to a report submitted by the parliamentary panel on education.

Parliamentary Standing Committee on Human Resource Development (HRD) expressed concern that budgetary
allocations saw a 27% cut from proposals made by the School Education Department.

.Noting similar 27% reductions for the central and centrally sponsored schemes as well, the panel recommended
that these core schemes get additional funds at the revised estimates stage.

Only 56% of schools have electricity, with the lowest rates in Manipur and Madhya Pradesh, where less than 20% have access to power.Less than 57% of schools have playgrounds, including less than 30% of schools in Odisha and Jammu and Kashmir, according to the Unified District Information System for Education (UDISE) 2017-18 survey.

3)Arunachal bans entry of foreign tourists:- After Sikkim, the Arunachal Pradesh government has decided to ban entry of foreign tourists in order to eliminate any possibility of the COVID-19 outbreak in the State.

Officials in Arunachal Pradesh’s capital Itanagar said the State government has stopped issuing Protected
Area Permits (PAPs) to foreigners temporarily.
Arunachal Pradesh is one of the four northeastern States that a foreign tourist can visit only if he or she possesses a PAP. The other three states are Manipur, Mizoram and Nagaland.

Meanwhile, the Konyak (Naga tribe) Union in Nagaland has banned the entry of foreign as well as domestic
tourists in the State’s Mon district.

4)Though hunters lose interest in Red Panda, traps still snare endangered:- The iconic and endangered Red Panda (ailurus fulgens) has fewer hunters because the younger generations of people across its Himalayan habitat are losing interest in animal products, a new study by wildlife trade monitoring network TRAFFIC has found.

The only living member of the genus Ailurus, the Red Panda is listed as ‘endangered’ on the IUCN Red List of threatened species.

About 5,000-6,000 red pandas are estimated to be present in four Indian states – Arunachal Pradesh, Meghalaya,
Sikkim and West Bengal.
This is the second largest population after China (6,000-7,000).

ONE MORE RECENT RESEARCH ABOUT RED PANDA:-

The scientists reported finding major differences in three genetic markers between Chinese red pandas and Himalayan red pandas.

Chinese red pandas live in northern Myanmar, as well as southeastern Tibet, Sichuan, and Yunnan provinces in China. Himalayan red pandas are native to Nepal, India, Bhutan and southern Tibet in China, the researchers said.

The two species differ in coloration and skull shape. The Himalayan red panda is the rarer of the two.

Major threats to red pandas include deforestation and habitat loss. Red pandas are sometimes called living fossils because they have no close living relatives. They are the only remaining member of their mammalian family.* The family is called ‘Ailuridae’.

ABOUT  TRAFFIC-Wildlife Trade Monitoring Network{1976}
  • Joint programme of WWF and IUCN
  • TRAFFIC International based in Cambridge, UK
  • It is an NGO & works in close collaboration with Governments & CITES Secretariat

EDITORIAL OF THE DAY:-

No green shoots of a revival in sight as yet

Central Theme :- The latest GDP data show that there has been an undeniable decline in the growth rate over seven consecutive quarters

National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation).

As the third quarter GDP was marginally higher than the second quarter ( July-September 2020) figure of 4.5% (as reported in the earlier data released), experts in the media were quick to infer that the economy is turning around.

SIGNS OF DECLINE ARE THERE :- However, if we accept the latest data, it is clear, though in an alarming way, that there has been an undeniable decline in the GDP growth rate over seven consecutive quarters, from 7.1% in Q1 of 2018-2019 to 4.7% in Q3 of 2019- 2020. Considering that physical indicators of production, such as the official index of infrastructure output, or monthly automotive sales, continue to show an unambiguous deceleration, the economic slowdown has apparently not bottomed-out as the government would like to believe.

More seriously, the quarterly GDP deceleration comes over and above the annual GDP growth slowdown for four years now: from 8.3% in 2016-17 to 5% in 2019-20 (as per the second advance estimate).

To conclude, India’s quarterly GDP estimates have limited primary information in them. Their revisions are largely extrapolations and projections of the annual figures.Hence, one should be cautious in reading too much into the
specific numbers.

6)YES BANK CRISIS CAUSES:-

7)Australia defeated India in the finals of World Cup T-20 Women and became Champions.

Final was held in MCG ground Australia.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: