CAO Daily Editorial analysis for UPSC IAS 13-November, 2017

Current Affairs Only Daily Editorial Analysis for Competitive Exams

13 November, 2017


Why do ministers ask for RBI rate cuts? What does Banks Board Bureau do? {Economic Policies}



In this article many questions has been raised in form of satire related to Indian banking

Responsive and Responsible Banking workshop

  • Union Finance Minister Arun Jaitley, in the wake of the investments made towards strengthening the banking system
  • Challenges that came before became those that came before the economy. Some part of lending within banks created a problem, and the whole system struggled to deal with this.

This report aims to identify core priorities for working more politically smart in rule of law reform.

Best scheme introduced to solve NPAs (non-performing assets)?

Sustainable structuring of stressed assets (S4A)

The S4A is RBI’s latest attempt to try and chip away at the mountain of stressed loans smothering Indian banks. The scheme tries to strike a compromise between banks with problem accounts and corporate defaulters of the non-wilful variety, by converting a portion of large loan accounts into equity shares.

Why it is important?

The borrowing binge by Indian companies during the boom times from 2003 to 2008 has left Indian banks saddled with a large pile of bad loans. At last count, they amounted to 11.5 per cent of their total book. This pile of unpaid debt has led to big write-offs that have dented bank profits, gobbled up bank capital and made them wary of giving out new loans that can keep the wheels of the economy turning.

The idea behind instituting Insolvency and Bankruptcy Code, 2016 

  • The Insolvency and Bankruptcy Code, 2016 (IBC) has consolidated and amended the laws relating to reorganization and insolvency of corporate persons, partnership firms and individual firms.
  • The sole intention of this legislation is to facilitate resolution of corporate bankruptcy in a time bound manner.
  •  The IBC has introduced new and distinct concepts of Financial Creditor’ andOperational Creditor as opposed to the Companies Act, 2013 which merely introduced the term ‘creditor’, without any classification thereof.

Why are the banks not proactively pursuing NCLT (National Company Law Tribunal) as a process to resolve the stress?

The top management in banks are more worried of their next postings.

What is the future of public sector banks and their employees?

Some weak banks will continue to shrink in size but they will keep on getting capital till such time India remains a democratic country.

What is Earth’s climate future?{Environment}

(The Hindu)


This article discusses the change in climate of earth in coming future

Climatic Change

Climate change is a change in the statistical distribution of weather patterns when that change lasts for an extended period of time (i.e., decades to millions of years). Climate change may refer to a change in average weather conditions, or in the time variation of weather within the context of longer-term average conditions.

Climate change is a change in the statistical properties of the climate system that persists for several decades or longer—usually at least 30 years

Geological history

Image result for Climatic Change

Australian climate scientist and conservationist Tim Flannery, inThe Weather Makers(2005), provides a researched and cogent explanation of carbon dioxide’s role in keeping the globe warm and preventing it from deep freezing

Three principal cycles that are responsible for Earth’s climatic variability —

 Its orbit, axis and a wobble on its axis.

To this we must add human interventions in the latest warm phase over the past 8,000 years that culminated in atmospheric carbon dioxide of 280 parts per million (ppm) just before the Industrial Revolution.

What are the causes of climate change?

  • The primary cause of climate change is the burning of fossil fuels, such as oil and coal, which emits greenhouse gases into the atmosphere—primarily carbon dioxide. Other human activities, such as agriculture and deforestation, also contribute to the proliferation of greenhouse gases that cause climate change.
  • While some quantities of these gases are a naturally occurring and critical part of Earth’s temperature control system, the atmospheric concentration of CO2 did not rise above 300 parts per million between the advent of human civilization roughly 10,000 years ago and 1900.
  • Today it is at about 400 ppm, a level not reached in more than 400,000 years.

What are the effects of climate change?

Even small increases in Earth’s temperature caused by climate change can have severe effects. The earth’s average temperature has gone up 1.4° F over the past century and is expected to rise as much as 11.5° F over the next. That might not seem like a lot, but the average temperature during the last Ice Age was about 4º F lower than it is today.

Rising sea levels due to the melting of the polar ice caps (again, caused by climate change) contribute to greater storm damage; warming ocean temperatures are associated with stronger and more frequent storms; additional rainfall, particularly during severe weather events, leads to flooding and other damage; an increase in the incidence and severity of wildfires threatens habitats, homes, and lives; and heat waves contribute to human deaths and other consequences.

The AI battlefield {Science & Tech}

(The Hindu)


We need global norms to address the rise of machine autonomy in armed conflict

In the Mahabharata, Krishna wielded what would today be called a lethal autonomous weapon: the Sudarshana Chakra would track its target to the ends of the earth, eliminate it and return to its owner.


Throughout history, the capacity to wield new technologies — from gunpowder to nuclear weapons to long-range missiles — has changed how wars are fought, and the strategic balance between attack and defence maintained.

Shaped by technology

The norms around what is considered acceptable in warfare have also evolved in response to new technologies. Since the 19th century, those norms have been codified in international humanitarian law, which is more or less universally accepted as regulating armed conflict among civilised nations.

AI Advancement

Recent advances in artificial intelligence (AI) are throwing up a new challenge to these norms

AI applications are already a growing reality in areas such as health, finance and retail. Civilian applications of AI technologies will undoubtedly continue apace.

A new approach

The discussions in Geneva are an opportunity to test a new approach, one we might call ‘distributed technology governance’. This means the multilateral system’s search for durable international norms needs to integrate national regulatory approaches and industry self-regulation.

Each level in this chain of subsidiarity — international humanitarian law, national regulations, and industry self-regulation — needs to move in full cognition of the other two.



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1 Comment
  1. Reply
    Dharm prakash arya
    November 13, 2017 at 10:26 am

    Very helpful ! Please make an App .

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