The Hindu NOTES – 13th Dec, 2017(Daily News Paper Analysis)

📰 THE HINDU NEWSPAPER– DAILY  Hindu Current Affairs Analysis 13th Dec 2017


Date:- 13-Dec, 2017

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📰 Inflation up, industrial growth slows {Indian Economy}

In news

Retail inflation accelerated to 4.88% in November on the back of quickening food and oil price rises

Why?

  • A separate government release showed that industrial activity growth slowed sharply in October to 2.24%. Inflation as measured by the Consumer Price Index was at 3.58% in October.
  • It quickened to 4.41% in the food and beverages category in November from 2.26% in October.
  • In the fuel and light segment it accelerated to 7.92% from 6.36% over the same period. Inflation in the housing segment quickened to 7.36% in November from 6.68% in October.

Basics

Retail inflation means the increase in prices of certain products or commodities compared to a base price.

In India, retail inflation is linked to Consumer Price Index(CPI) which is managed by Ministry of Statistics. CPI numbers are numbers are widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks.

Consumer Price Index (CPI)

Consumer Price Indices (CPI) measure changes over time in general level of prices of goods and services that households acquire for the purpose of consumption. CPI numbers are widely used as a macroeconomic indicator of inflation, as a tool by governments and central banks for inflation targeting and for monitoring price stability, and as deflators in the national accounts. CPI is also used for indexing dearness allowance to employees for increase in prices. CPI is therefore considered as one of the most important economic indicators.


📰 Centre to give Rs. 500 to TB patients every month {Health policy}

In news

About 35 lakh identified Tuberculosis patients across the country will soon get Rs. 500 every month from the Centre as social support.

Reason for the social support

In the absence of nutritional support, undernourished patients with TB do get enmeshed in a vicious cycle of worsening disease and undernutrition, which can be detrimental and even fatal.

Food insecurity in household contacts of TB patients increases their risk of developing active TB.


📰 India, Australia call for ‘open’ Asia-Pacific zone {International Relations}

In news

Australia and India on 12/12/2107 discussed the need to maintain the Asia-Pacific region as a “free” and “open” zone under the “2+2” dialogue model which includes the foreign and defence secretaries of both sides.

The discussion was the first meeting of this level since the two sides participated in the quadrilateral discussion for a new strategic partnership targeting the Asia-Pacific region.

Highlight

Both sides agreed that a free, open, prosperous and inclusive Indo-Pacific region serves the long-term interests of all countries in the region and of the world at large. The dialogue indicated that the focus remains on freedom of navigation in the South China Sea, where China has been reclaiming land for infrastructure, boosting its maritime influence.


📰 Investment facilitation, norms for small firms gain push at WTO talks {Economic Policy}

In news

India is holding its ground on issues such as food security as well as the centrality of development in the talks of WTO

Issues 

  • A group of countries, including Pakistan and China, have demanded taking forward discussions on investment facilitation and proposed norms relating to small firms.

According to India, these are “new issues” and, therefore, should be considered only after resolving outstanding issues relating to food security that are part of the ongoing round of negotiations which began in Doha in 2001.


📰 NASA’s Juno probes depths of Jupiter’s Great Red Spot {Science and Technology}

Data Collected by Juno

Jupiter’s Great Red Spot, the solar system’s most famous storm, is almost one-and-a-half Earths wide and penetrates about 300 km into the planet’s atmosphere, according to data collected by NASA’s Juno spacecraft.

Other findings

  • Measuring 16,000 km in width as of April 3, this year, the Great Red Spot is 1.3 times as wide as the earth. “Juno found that the Great Red Spot’s roots go 50 to 100 times deeper than the earth’s oceans and are warmer at the base than they are at the top
  • “Winds are associated with differences in temperature, and the warmth of the spot’s base explains the ferocious winds we see at the top of the atmosphere

The storm has been monitored since 1830, it has possibly existed for more than 350 years.


📰 SC dismisses plea on ‘Vande Mataram’ {Social Justice}

In news

The Supreme Court has dismissed a plea to provide equal statutory protection to ‘Vande Mataram’ as the national anthem ‘Jana Gana Mana’.

Background

Plea was represented by senior advocate Pravin H. Parekh.

The special leave petition had challenged a Delhi High Court order dismissing a petition filed by Gautam Morarka that the song ‘Vande Mataram’ should get the same statutory recognition, respect and dignity as the national anthem.


 

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