Comprehensive News Analysis – 17 January 2016

Table of Contents:

A. GS1 Related:
B. GS2 Related:
C. GS3 Related:

1. The Start-up Push

2. NGT fine for Adanis

3. Taiwan gets new President

4. AIIB Opened

D. Important Editorials: A Quick Glance

The Hindu:

1. How to help the Whales?

Indian Express:

Others:

1. Mint: Best Places to Start up in India

E. Concepts-in-News: Related Concepts to Revise/Learn
F. Practice Questions
G. Archives

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Useful News Articles

A. GS1 Related:

— Nothing here today, folks! —

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B. GS2 Related:

— Nothing here today, folks! —

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C. GS3 Related:

1. The Start-up Push

Topic: Economy

Category: Business, Growth

Location: Hindu, IE – Headline news

Key points:

– Tax holiday + 10,000 cr fund + credit guarantee scheme + patent regime to be improved… + Ease of Doing Business to be improved.

blueprint startup india

start up india

2. NGT fine for Adanis

Topic: Environment

Category: Clearance, Infrastructure, NGT

Location: Hindu, Page 8

Key points:

– The National Green Tribunal (NGT), western zone, has penalised Adani-Hazira Port Pvt Ltd (AHPPL) and Hazira Infrastructures Pvt Ltd (HIPL), sister companies of Adani Group, for environment damage and ordered them to deposit a total of Rs 25 crore for restoration.

– The tribunal was hearing a petition moved by Hazira Fisher-men Committee, challenging the Environment Clearance (EC) given by environment ministry to these firms in 2013.

Assignment: Summarize EC process in India

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3. Taiwan gets new President; China ties on the line

Topic: IR

Category: Neighbors

Location: Hindu, page 14

Key points:

taiwan india

4. AIIB Opened

Topic: Economy

Category: International Finance

Location: Hindu, page 15

Key points:

– The AIIB is expected to open a new channel of funding for the Global South, which was so far dependent on the western backed International Monetary Fund (IMF), the World Bank and the Asian Development Bank (ADB), in which Japan plays a pre-eminent role.

– Observers say that the new lender will focus on infrastructure development in Asia

– India failed to get vice presidency; China does not get veto

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D. Important Editorials: A Quick Glance

The Hindu:

Topic: Environment, Paper III

Category: Biodiversity

Key points:

– Whales are sensitive to noise pollution, sonar – makes them disoriented. Can cause “Beaching” and deaths

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Indian Express:

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Others:

1. Mint: Best Places to Start up in India

Topic: Economy, paper III

Category: Investment

Key Points:

– According to the World Bank’s report, India is ranked 130 out of 189 countries in the overall “ease of doing business” ranking.

– Opening a business in India is much harder than in any of its counterpart BRIC countries.

– Basic issues like getting credit, electricity, paying taxes and resolving insolvency continue to be sluggish and difficult in India.

– Karnataka, Tamil Nadu, Maharashtra, Andhra Pradesh and Kerala have been able to create an entrepreneur-friendly system.

415294-setting-up-business

Assignment: See more data in the article & summarize.

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E. Concepts-in-News: Related Concepts to Revise/Learn:

Bit of a slow news day. Relevant coverage is less…

i. Ease of Doing Business

ii. Biodiversity + Noise pollution

iii. NGT + Environmental Clearance Process

1v. Diplomacy: Soft Vs Hard (from debate on whether to talk with pakistan or not)

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F. Fun with Practice Questions 🙂
Question 1: Regarding Ease of Doing Business:

1. India ranks lowest in Doing Business among the BRICS nations

2. Credit availability is a measure considered in constructing the index

3. Resolving insolvency is a measure in the index

Which among the above statements is/are wrong?

a) 1, 2 & 3

b) 2 & 3

c) 2 only

d) None

Question 2: Which of the following is not considered by WB in creating Ease of Doing Business Index?

a) Getting electricity

b) Construction permits

c) Investor Protection

d) Social security for workers

Question 3: Consider the statements below about EC in India:

1. MoEFCC and state environmental ministries are involved

2. MoEFCC has been taking initiatives to ease the process such as online portals and web applications

3. The decision by the ministry on EC is final and cannot be challenged

Answer choices:

a) Only 1 is true

b) Only 1 and 2 are true

c) Only 2 and 3 are true

d) All of the above are true

Question 4: Which of the following is false about NGT?

a) It is a statutory body

b) It is a constitutional body

c) NGT chairperson is appointed in consultation with Chief Justice of the SC

d) NGT has jurisdiction over The Biological Diversity Act, 2002, among other acts.

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Check Your Answers

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