The Hindu NOTES – 23rd Dec, 2017(Daily News Paper Analysis)

📰 THE HINDU NEWSPAPER– DAILY  Hindu Current Affairs Analysis 23rd, Dec 2017


Date:- 23-Dec, 2017

Archive

Click To Download PDF



 RCEP: India hardens stand ahead of ASEAN summit {Economic Policy}

In news

Ministry of External Affairs (MEA) has taken a strong stand that the country should restrain itself from concluding any such pact from which it would not gain in the medium term.

Why?

India’s Free Trade Agreement (FTA) negotiations could slow further.

Issue

  • RCEP countries have so far been lukewarm to India’s demands for greater market access in services, particularly on easing norms on the movement of professionals and skilled workers across borders for short-term work.
  • India’s goods trade deficit with ASEAN widened from $4.98 billion in 2010-11 to $14.75 billion in 2015-16, and then narrowed to $9.56 billion in 2016-17.
  • The huge goods trade deficit has led to questions on whether the pact is only helping ASEAN nations and not benefiting India.

free-trade area is the region encompassing a trade bloc whose member countries have signed a free-trade agreement (FTA). Such agreements involve cooperation between at least two countries to reduce trade barriers – import quotas and tariffs – and to increase trade of goods and services with each other. If people are also free to move between the countries, in addition to a free-trade agreement, it would also be considered an open border. It can be considered the second stage of economic integration.

Regional Comprehensive Economic Partnership (RCEP)

It is a proposed free trade agreement (FTA) between the ten member states of the Association of Southeast Asian Nations (ASEAN) (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, Vietnam) and the six states with which ASEAN has existing free trade agreements (Australia, China, India, Japan, South Korea and New Zealand).


 ‘PCA only to improve banks’ financial health’ {Economy}

In news

The Reserve Bank of India (RBI) has once again clarified that prompt correction action (PCA) is imposed to encourage banks to improve their financial health.

PCA framework

  • It is intended to encourage banks to eschew certain riskier activities and focus on conserving capital so that their balance sheets can become stronger.
  • RBI has issued a policy action guideline (first in May 2014 and revised effective from April 1, 2017) in the form of Prompt Corrective Action (PCA) Framework if a commercial bank’s financial condition worsens below a mark.  The PCA framework specifies the trigger points or the level in which the RBI will intervene with corrective action. This trigger points are expressed in terms of parameters for the banks.

The parameters that invite corrective action from the central bank are:

  1. Capital to Risk weighted Asset Ratio (CRAR)
  2. Net Non-Performing Assets (NPA) and
  3. Return on Assets (RoA)
  4. Leverage ratio

 SEBI raids brokers in data leak probe 

In news

The Securities and Exchange Board of India (SEBI) raided 34 locations on Friday, aimed at members of a particular WhatsApp group, as part of a probe into alleged leak of sensitive financial information by analysts and company officials over social media.

Issue

  • Some of the admins of the WhatApp group also came forward and shared the chat records with SEBI that led to today’s action. The group also comprised some officials of a private sector bank and a private insurance entity
  • Such select sharing of information by companies or even analysts is barred under the current regulatory norms and SEBI can issue show-cause notices to companies and even analysts alleged to be involved in such activities.

Solution

SEBI, however, also needs to tread carefully as being a member of a group without any trade or further tipping someone may not be chargeable for insider trading.

What is ‘Insider Trading’

  • Insider trading is the buying or selling of a security by someone who has access to material nonpublic information about the security. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still nonpublic.
  • Illegal insider trading includes tipping others when you have any sort of nonpublic information. Legal insider trading happens when directors of the company purchase or sell shares, but they disclose their transactions legally. The Securities and Exchange Commission has rules to protect investments from the effects of insider trading.

 Sun-like star found eating its own planetary offspring {Science & Tech.}

In news

Researchers have found evidence to show that a Sun-like star 550 light years from the earth is slowly consuming its “offspring” — crushing one or more planets in its orbit into vast clouds of gas and dust.

Research

The researchers found the star’s temperature to be about 5,330 degrees Celsius — only slightly cooler than the sun. The study also showed that the star could be relatively young.

Benefits of this discovery

  • This discovery really gives us a rare and beautiful glimpse into what happens to many newly formed planets that don’t survive the early dynamical chaos of young solar systems,
  • The discovery may shed light on a brief but volatile period in the history of many solar systems, including our own.

 Foundation laid for mega power project {Energy}

In news

Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Friday laid the foundation stone for the “world’s largest” ultra mega solar power plant at Gurh tehsil in the district.

Highlights

The green energy generated at this station will be provided to Delhi Metro Rail Corporation (DMRC) to run its trains in the national capital.

  • It will generate maximum green power without any pollution. Earlier, electricity was generated using thermal and hydro sources and it (thermal) causes lot of damage to the environment.
  • The solar plant will generate 750 MW electricity and is being established with at an investment of Rs 4,500 crore. It will spread in an area of nearly 1,600 hectares land.

 India’s digital gender gap could further marginalise women: Unicef

In news:

UNICEF’s “State of the World’s Children Report-2017”

  • With less than one-third of India’s internet users being females, the country’s girls and women risk becoming further marginalised in society and at home if they remain digitally illiterate
  • This is in the backdrop of the country making a public push towards a more digital economy
  • There is a digital gender gap as well. Globally, 12% more men than women used the internet in 2017

Report:

  • Themed “Children in a digital world”, the latest report provides country-level examples to give a sense of the kinds of barriers girls and women confront
  • Pointing out that digital connection and literacy offer advantages in a knowledge-based society, improving children’s lives and their future earning potential, the report says: “At the same time, connectivity doesn’t always equalise opportunity.”
  • Digital divides can mirror broader societal divides — between rich and poor, cities and rural areas, between those with or without an education — and between women and men

Factors behind digital gender divide in India

  • Social norms
  • Education levels
  • Lack of technical literacy and lack of confidence among them
  • It is more often rooted in parents’ concern for the safety of their daughters
  • There is also a fear that allowing girls to use the internet will lead to liaisons with men, bringing shame on the family
  • For most girls, if they are allowed to use the internet, their every move is monitored by their parents or brothers
  • For girls, traits like deference and obedience are often valued over intelligence and curiosity
  • In some households, technology is not seen as necessary or beneficial for girls and women.

 

Print Friendly, PDF & Email
1 Comment
  1. Reply
    The Hindu NOTES – 25th Dec, 2017(Daily News Paper Analysis)
    December 25, 2017 at 1:51 pm

    […] 📰 THE HINDU NEWSPAPER– DAILY  Hindu Current Affairs Analysis 25th, Dec 2017 […]

    Leave a reply

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Current Affairs ONLY
    Register New Account
    Reset Password