CAO The Hindu NOTES – 06th Feb, 2018 (Daily News Paper Current Affairs Analysis)

📰 THE HINDU NEWSPAPER  DAILY  Hindu Current Affairs Analysis


Date:- 06th Feb 2018

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 Bitcoin PoS maker eyes India entry {Economy}

In news

The Jakarta-based Pundi X is planning to bring cryptocurrency Point of Sale (POS) devices into India.

Highlights

The company has developed a POS device that store owners can use. The device interacts with a ‘pass card’ that customers hold, similar to a debit card but only for cryptocurrencies.

“Essentially, it is the first device that allows people to use a card to purchase items using the cryptocurrency that they have.

Transaction in rupees

The key in all of this is the fact that the actual transactions will be conducted in rupees, whereas the asset being exchanged would be bitcoins. Both the Reserve Bank of India and the government have repeatedly said that cryptocurrencies do not qualify as legal tender and hence cannot be used to conduct transactions.

Technology helps store owners “convert a crypto currency to a local currency, so all the transactions that we do are in the local currency. What will be exchanged is the bitcoin, but the actual mode of exchange will take place in rupees.”

India is one of the biggest markets and constitutes about 10% of the trading volume of bitcoin. 50% of the trading globally is from Asia, a major [part] from Japan and South Korea.”

What is Pundi X?

Pundi X POS facilitates cryptocurrency payment or transactions but also accepts transactions through mobile wallets and bank cards.

Point of Sale System

The point of sale (POS) system is the place where your customer executes the payment for goods or services bought from your company.


 Equity indices lose ground for fifth straight session {Economy}

In news

An overall weak global trend, along with domestic concerns related to fiscal deficit, long-term capital gains (LTCG) tax and the central bank’s scheduled monetary policy review saw the Indian equity indices lose ground for the fifth consecutive session on Monday.

Apart from the LTCG tax dilemma, the Budget has raised concerns of further rise in inflation, which could prompt the apex bank to raise interest rates sooner than expected.

The India VIX index, used as a barometer for near-term volatility, has jumped close to14% in the last two sessions since the Budget.


 Gobardhan Yojana to support farmers {Economy}

Gobar-Dhan Yojna Gobar-Dhan Yojana (also known as Galvanizing Organic Bio-Agro Resource Fund scheme) aims to improve lives of the villagers. Under it, solid waste of dung and ×elds will be changed into compost, biogas and bio-CNG.

The Haryana government has launched the ‘Gobardhan Yojana’ to provide organic manure and cow urine with an aim to benefit farmers.

A provision of Rs. 11 crore has been made to provide benefits of various projects under this scheme.


 J&K asks Centre to adopt Atal doctrine {Governance}

In news

Recently on the Line of Control (LoC) in the Pir Panchal Valley witnessed heightened tension, due to it the J&K government asked the Centre to revisit former Prime Minister Atal Bihari Vajpayee’s doctrine to defuse tension with Pakistan.

Dialogue and reconciliation is the only way to restore peace along the borders and on the mainland

Atal Bihari Vajpayee’s doctrine to defuse tension with Pakistan

Kashmiriyat, jamhooriyat and insaniyat.

  • Atal Ji’s doctrine of peace, progress and prosperity in Jammu & Kashmir in the spirit of Insaniyat (Humanity) , Jamhuriyat (Democracy) and Kashmiriyat (Identity of the people of Kashmir) was universally acclaimed by all segments across political spectrum in the state, including the extremist elements in the valley and perhaps the Kashmiris across the Line of Control (LOC) in the Pak-occupied Kashmir.
  • All the setbacks to his dialogue initiatives, including Kargil conflict, high- jacking of an Indian Airlines plane to Kandhar and terrorist attack on the Indian Parliament, notwithstanding, Vajpayee did not allow the peace process to derail despite serious provocations by the Pakistan army and the ISI.
  • His NDA government continued to encourage confidence building measures and people-to-people contact in the larger interest of peace and tranquility in the sub-continent, an essential ingredient of progress and development of the region where one-third of the population lives below the poverty line.
  • As external affairs minister in the 1977 Janata Party government, Vajpayee pursued the policy of friendly relations with India’s neighbours, including Pakistan, on the principle of peaceful co-existence & mutual respect. His famous quote “youcan change friends but not your neighbours” went on to become a dictum in the Indian foreign office establishment.
  • Resolving all the outstanding issues with Pakistan, including the issue of Jammu & Kashmir issue in a peaceful manner through bilateral dialogue without any third party intervention was Vajpayee’s Mantrawhen he became the prime minister, first for 13 days in 1996, then for 13 months in 1998 and again for a full five-year term in 1999.
  • He carried his message of peace to Pakistan during a bus journey to Lahore on February 19, 1999.
  • Vajpayee also signed a Lahore Declaration with Prime Minister Nawaz Sharif on February 21, 1999, wherein Pakistan agreed to resolve all bilateral issues between the two countries, including the issue of Jammu & Kashmir in a peaceful manner and through dialogue and to promote people to people contact.
  • The Delhi–Lahore Bus ServiceSada-e-Sarhad (Call of the Frontier) was launched as a symbol of the efforts of the Vajpayee government to promote peaceful and friendly relations with Pakistan on the basis of reciprocity.

 Vehicular pollution to impact generations {Environment}

In news

The Supreme Court on Monday described the issue of vehicular pollution as “very serious” and a “critical problem” and observed that it would have an impact not only on this generation but also on the children yet to be born.

Governments initiative

 The apex court said the Government could not take the issue lightly and directed the Ministry of Petroleum and Natural Gas (MoPNG) to file an affidavit indicating the position as regards the availability of Bharat Stage (BS)-VI emission standard compliant fuel in Delhi. BS-VI emission standard is scheduled to come into force from April 1, 2020 across the country.

What should be done?

BS-VI norms should be made applicable in the Delhi-National Capital Region (NCR) from April 1, 2019 as the government itself had acknowledged that the people were suffering due to pollution. Referring to data, she said pollution would come down by around 80% in case of the BS-VI vehicles, as compared to the BS-IV ones.

Electric cars can also be option for protecting the environment from degrading


 ‘When 2 adults marry, none should interfere {Social Issue}

In news

Two adults are free to marry and “no third party” has a right to harass or cause harm to them, said Chief Justice of India Dipak Misra, speaking against honour killings on 5th February, 2018.

When two people get into wedlock, no one should interfere. Neither parents, society, khap or panchayat no one at all

Arguments

The counsel said such panchayats were age-old traditions and they do encourage inter-caste marriages now. He argued that the objection of khaps to marriages between people from the same gotra was upheld in Section 5 of the Hindu Marriage Act of 1955.

The section said “sapinda should be removed by five degrees from the father’s side and by three degrees from the mother’s side.”

The CJI said only three per cent of honour killings were linked to gotra. The remaining 97% were due to religion and other reasons.

Honor Killing

An honor killing (also spelled honour, see spelling differences) or a shame killing is the homicide of a member of a family, due to the perpetrators’ belief that the victim has brought shame or dishonor upon the family, or has violated the principles of a community or a religion, usually for reasons such as refusing to enter an arranged marriage, being in a relationship that is disapproved by their family, having sex outside marriage, becoming the victim of rape, dressing in ways which are deemed inappropriate, engaging in non-heterosexual relations or renouncing a faith


 

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