Comprehensive News Analysis - 19 January 2016

Table of Contents:

A. GS1 Related:
B. GS2 Related:

1. Meritocracy: Class X Rule for Elections

2. Death of a Dalit scholar

C. GS3 Related:

1. Crude Oil Prices Plummet!

2. Some nice Numbers

D. Important Editorials: A Quick Glance

The Hindu:

1. Back with Iran

2. Chief Economic Advisor Vs. RBI Governor

Indian Express:

Others:

1. The Hindu Business Line: All you wanted to know about BS VI

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:

1. Meritocracy: Class X Rule for Elections

Topic: Elections, Constitution

Category: Reforms, Elections

Location: IE – Headline news

Key points:

– Haryana: Class X rule means only young women elected, only four of them

– The state law, upheld by the Supreme Court last year, requires that general candidates should have passed the Class X examination while women and Dalit candidates need to have cleared Class VIII. Dalit women candidates must clear Class V.

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2. Death of a Dalit scholar

Topic: Elections, Constitution

Category: Reforms, Elections

Location: Hindu, IE Headline news + Editorials

Key points:

– The suicide of Rohith Vemula, a Dalit research scholar at the University of Hyderabad…

– Political Conflict or elements of caste exclusion? Vemula-university

C. GS3 Related:

Oversupply in oil market causes the plummet. Now with Iran also entering it might plummet more…

The OPEC is overproducing as part of a price war, supplying 2.5 million bpd more than demand!

crude oil price 2016

AND INDIA? – Not passing on the bonanza to customers – retail prices remain the same!

International Energy Agency’s World Energy Outlook 2015 has predicted India’s oil imports to double to 90 per cent from 3.7 million barrels/per day (mb/d) in 2014 to 7.2 mb/d by 2040.

oil and india

Related Article: Effects of LOW PRICE on Investments? 

– The existing low oil price, which now has dropped to below $30 a barrel, has already dried up upstream investments and is now delaying the next round of oil and gas bidding.

– The ninth round of National Exploration Licensing Policy (NELP) was conducted in 2010. As a result of this, low domestic hydrocarbon production has spurt India’s oil imports further, thwarting government’s ambitious goal of cutting down oil imports by 10 per cent by 2022.

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2. Some nice Numbers 🙂

employment india

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D. Important Editorials: A Quick Glance

The Hindu:

1. Back with Iran

Topic: IR, Paper II

Category: Middle-east

Key points:

– A peaceful solution to the Iranian nuclear crisis was a remarkable moment in International diplomacy

– Iran quickly acted to rein in its nuclear programme. It decommissioned its enrichment centrifuges, removed the core of its heavy-water reactor and shipped out most of its low-enriched uranium stockpile…

– Then, the International Atomic Energy Agency confirmed Iran had complied with its commitments. Within hours, nuclear sanctions were removed, signalling Iran’s reintegration with the global economy.

Related Article: India silent on lifting of sanctions against Iran

Video help:

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2. Chief Economic Advisor Vs. RBI Governor

Topic: Economy, Paper II

Category: Growth, GDP

Key points:

– The economy is slowing down: in the first six months of the financial year, real GDP grew 7.2 per cent, slower than the 7.5 per cent in the corresponding earlier-year period.

– Chief Economic Advisor Arvind Subramanian publicly differed with RBI Governor Raghuram Rajan and took a bet on accelerating growth. He is clearly losing –  He projected a sharp recovery with growth of up to 8.1-8.5 per cent; Dr. Rajan’s call was 7.4 per cent.

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Indian Express:

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Others:

1. The Hindu Business Line: All you wanted to know about BS VI emission norms

Topic: Environment, paper III

Category: Fuel emission, Pollution

Key Points:

– Bharat Stage (BS) IV emission norms now —  to BS VI norms by 2020

– While vehicle manufacturers have been asked to gear up to meet the new deadline, oil companies will also have to prepare to retail BS VI-compliant fuel.

– Introduced in the year 2000, the Bharat norms are emission control standards put in place by the government to keep a check on air pollution. Based on the European regulations (Euro norms), these standards set specifications/limits for the release of air pollutants from equipment using internal combustion engines, including vehicles. Typically, the higher the stage, the more stringent the norms.

– Other developing countries such as China having already upgraded to the equivalent of Euro V emission norms a while ago — India has been lagging behind. While BS IV-compliant fuel currently in use has 50 parts per million (ppm) sulphur, BS VI stipulates a low 10 ppm.

Video on Air Pollution:

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F. Fun with Practice Questions 🙂
Question 1: As per the International Monetary fund, India's projected Gross Domestic Product for the year 2016-17 would be:

a) 11.5%
b) 17.4%
c) 12.5%
d) 15.6%
e) 7.5%

Question 2:The Iran-Libya Sanctions Act 1995 passed by the United States Congress , foreign companies were restricted to invest in Iranianpetroleum resources by $ .......... million.

a) $60 million
b) $100 million
c) $37.6 million
d) $20 milliion
e) $12 million

Question 3: The Upcoming New Exploration and Licensing Policy(NELP) X  intends to have implement the OALP which stands for:

a) Open Air Limiting Plan
b) Open Acreage Licensing Policy
c) Overhaul  Accident Leakage Plan
d) Online Arbitrary Listing Plan
e) On-Shore Augment Live Program

Question 4:The Oil And Petroleum Exporting Companies(OPEC) consists of ...........member countries.

a) 20 members
b) 34 members
c) 12  members
d) 14 members
e) 17 members

Question 5: Which of the following does not follow under the category of the subtypes of atmospheric particles:

a) Suspender Particulate Matter
b) Resprirable Suspended Particle
c) Chlorofluorocarbon
d) TNT
e) Soot

Options:
a) Options 2 and 3
b) Options 3 and 4
c) Option 5

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Check Your Answers

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