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DAILY NEWS DIARY 04.06.2020 DAILY NEWS DIARY 13.10.2020
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DAILY NEWS DIARY
of
13.10.2020
For Prelims & Mains
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DAILY NEWS DIARY 13.10.2020 DAILY NEWS DIARY 13.10.2020
Warm Greetings. INDEX
Essay Paper
DnD aims to provide every day news analysis in Editorial
sync with the UPSC pattern. 1. The purpose of protests in a democracy.……………………………..........03
It is targeted at UPSC – Prelims & Mains.
GS 3
Daily articles are provided in the form of Economic Development
1. The Nobel Laureates theory for Economics, 2020………………………..05
Question and Answers
To have a bank of mains questions. Snippets
International Relations
And interesting to read. 1. Pakistan’s recent addition to the “Enhanced Follow up List”……….07
Providing precise information that can Economic Development
be carried straight to the exam, rather 2. Consumer Price Inflation Vis-a-Vis the Industrial Production……...08
than over dumping. 3. Steps taken under “mini-stimulus of sorts”………………………………...09
Enjoy reading.
THE HINDU - TH
INDIAN EXPRESS - IE
BUSINESS LINE - BL
ECONOMIC TIMES - ET
TIMES OF INDIA - TOI
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DAILY NEWS DIARY 13.10.2020 DAILY NEWS DIARY 13.10.2020
Essay Paper It is not the protests which cause a crisis. Protests arise simply
Editorial because the governments create a crisis — that too by lawful
Discuss the purpose of protests in a democracy and analyse the means, through the passage of discriminatory laws. Protests do not
judicial failures in case of the Shaheen Bagh Protestors? disturb the balance in society; they erupt only because a balance
has been upset.
INTRO = Resistance to authority or protest is intrinsic to citizenship or
History of the protest –
peoplehood. Protests cannot be made to order. Protests are speech
The CAA not only diminishes Muslims; it demeans India by making
acts. What to speak and how to say it is something you and I decide.
discrimination and inequality lawful. The protesters were there not
Governments cannot be allowed to dictate to you or me in these
only fighting for their rights, but also for a universal principle which
matters. This is precisely what the Supreme Court has unfortunately
does good to all.
tried to do in its judgment on the propriety of the nature of the
Failure of Police Force - When Muslims and believers in the
Shaheen Bagh protests –
principle of equal citizenship came out to lodge their protest, they
The recent order of the Supreme Court on the protests in Shaheen were brutalised by the police. Observers have noted the viciousness
Bagh in Delhi can help the state or the government further subjugate of police action in Uttar Pradesh, Jamia Millia Islamia and Aligarh
the people, and that too lawfully. The court made the dangerous Muslim University. Police action was carried out not to maintain
order, but to teach the protesters a lesson. The Chief Minister of
observation that “the mode and manner of dissent against colonial
Uttar Pradesh had said that he would take revenge on those
rule cannot be equated with dissent in a self-ruled democracy.”
involved in violence, effectively treating protesters as vandals.
Failure of Judiciary - When senior lawyers Indira Jaising and Colin
Gonsalves approached the Supreme Court requesting it to restrain
the police, the court said first the violence on the streets needed to
stop. The court effectively negated the right to protest then. It
failed the people.
Balancing Right to Protest and Right to Mobility - The court was
hearing a petition by a citizen who felt aggrieved by the Shaheen
Bagh sit-in as the protest and, as a consequence, the blocked roads
had deprived him of his right to mobility. The court equated the two
and felt that there had to be a balance between the right to mobility
and the right to protest.
When you speak, you expect a willing listener. But protests happen The court did not feel the need to find out if the traffic congestion
because the conditions for dialogue seem non-existent. Dialogues was entirely due to the protests or whether it was caused by the
presuppose equality. People protest because they feel that they have Delhi Police and the Uttar Pradesh Police which had blocked
been forced into an unequal situation. Protests attempt to gain or alternate roads leading to the capital.
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restore equality.
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It did not ask the police why were they causing inconvenience to the
commuters by closing certain routes. When asked about the same
during the protest, the police said it was “a security measure”.
The court thought it fit to send interlocutors to the protesters to
persuade them to stop the sit-in, but it did not ask the government a
simple question: why was it not talking to the protesters?
Shaheen Bagh was a choice arising out of a huge trust deficit in
society, which has only been aggravated by this majoritarian regime.
Way Forward –
The court accepts that democracy is not democracy if dissent is
disallowed, but it says protests cannot be indefinite and have to be
done in designated spaces. Protests are not done for the sake of
pleasure. It has to be appreciated that peaceful protesters endure
suffering to force the unjust party or the powers that be to speak to
them. Protests cannot be time bound. They’ll be indefinite if injustice
is indefinite.
GS 3
Economic Development
Q – How has the Nobel Laureates theory for Economics, 2020
benefitted sellers, buyers and taxpayers around the world?
Mr. Wilson, a professor at Stanford in the U.S., was spotlighted for
BACKGROUND = The duo was honoured “for improvements to
auction theory and inventions of new auction formats” Mr. Milgrom, developing a theory for auctions with a common value, “a value
72, and Mr. Wilson, 83, “have benefitted sellers, buyers and which is uncertain beforehand but, in the end, is the same for
taxpayers around the world. everyone”. His work showed why rational bidders tend to bid under
their own estimate of the worth due to worries over the “winner’s
curse,” or winning the auction but paying too much.
Later he came up with a more general theory of auctions, by
analysing bidding strategies in different auction forms. The academy
noted that while “people have always sold things to the highest
bidder,” societies have also had to allocate “ever more complex
objects... such as landing slots and radio frequencies.”
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Broad societal benefit
“In response, Milgrom and Wilson invented new formats for
auctioning off many interrelated objects simultaneously, on behalf
of a seller motivated by broad societal benefit rather than
maximal revenue. The winners will share the prize sum of 10
million Swedish kronor (about $1.1 million or €950,000).
Last year, the honour went to French-American Esther Duflo,
Indian-born Abhijit Banerjee of the U.S., and American Michael
Kremer for their experimental work on alleviating poverty.
The award closes the 2020 Nobel season, which saw the closely-
watched peace prize awarded to the UN’s World Food Programme
for its efforts to fight hunger.
GS 2
Snippets
International Relations
Q – Explain Pakistan’s recent addition to the “Enhanced Follow GS 3
up List”? Economic Development
''Enhanced follow-up'' is an intensive process of correction that Q – How is the Consumer Price Inflation Vis-a-Vis the Industrial
deals with members of FATF with significant deficiencies (for Production in India?
technical compliance or effectiveness) in their anti-money India’s industrial output fell for the sixth month in a row this August,
laundering and combating financing terror ( AML/CFT) systems. even as consumer price inflation surged past the 7% mark, hitting
Noting that Pakistan’s measures against money laundering and 7.34% in September, with food price spikes reaching 10.68% compared
terror financing “are not yet sufficient to justify a re-rating”, a with 9.05% in August.
regional affiliate of the Financial Action Task Force - Asia-Pacific The index of industrial production (IIP) shrank 8% in August on a year-
Group (APG) retained the country on its “Enhanced Follow-up” on-year basis, quick official estimates suggest, marking a marginally
list. improvement compared with July when output contracted 10.8% as
It underlined that the country’s progress on the 40 FATF per revised estimates. Earlier quick estimates had pegged July’s
recommendations on the effectiveness of anti-money laundering contraction at 10.4%.
and combating financing terror (AML/CFT) system largely Heightened inflation, driven by food inflation and transport costs, will
remained unchanged — non-compliant on four counts, partially make it difficult for the Reserve Bank of India to cut rates in its
compliant on 25 counts and largely compliant on nine December policy review meeting. Quite clearly, the initial boost
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recommendations. received (after the lockdown began to wind down) has [become]
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diluted post the unlock,” adding that basic metals, tobacco and on consumer goods, through a two-tiered structure involving LTC
transport equipment were the only manufacturing sectors that cash vouchers. While the tourism sector has termed Finance
saw some growth. Minister Nirmala Sitharaman’s cash-for-LTC announcement a ‘major
It appears that the supply disruptions-led inflation is slowly blow’ to the sector, the consumer durables sector has welcomed it
coming under control, as core inflation (5.67%) moderated in along with the festival advance scheme, calling these a boost to
September 2020 over the previous month. consumer sentiment and economic activity.
Eligible return fare would be given to employees once they provided
Economic Development proof of digital payment to GST-registered vendors for three times
Q – What are the steps taken under “mini-stimulus of sorts”, to the fare, on items that attracted a GST rate of over 12%. Effectively,
nudge the economy’s demand in the second half of the year? this converts the LTC payout into a 33% subsidy for acquiring white
Hoping to spur fresh demand of about ₹1 lakh crore in the second goods.
half of the year, Union Finance Minister Nirmala Sitharaman
unveiled a mini-stimulus of sorts, comprising incentives for the
government and public sector employees to spend more on
consumer durables and services, and interest-free loans of ₹12,000
crore to the States for a 50-year tenure to finance capital
expenditure.
Government employees and many organised sector employees
have had their jobs and salaries protected [during the pandemic]
and some initial indications suggest savings have increased as many
couldn’t spend their usual expenditure during the lockdown,
stressing that the idea behind the stimulus was to nudge those
whose jobs were unaffected to contribute to the revival of demand
for the benefit of the less fortunate.
Ms. Sitharaman also enhanced the Centre’s own capital expenditure
plans by ₹25,000 crore, from the earlier allocation of ₹4.13 lakh
crore, for spending on roads, urban development, water supply,
defence infrastructure, and domestically-produced capital
equipment for defence infrastructure.
With Central government and public sector employees unable to
travel during the pandemic, an alternative has been offered to spend
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their leave travel concession (LTC) benefits that expire in March 2021
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How about this today!?
Which of the following metallodrug - might also have anti- UPSC - CSE
viral properties that could fight the SARS-CoV-2
coronavirus?
a. Ruthenium COMPREHENSIVE & FOUNDATION COURSE
b. Ranitidine bismuth citrate
c. Oligonucleotides (ONLINE & OFFLINE)
d. Indazolium ruthenate
From: 29.07.2020
Hey from yesterday….
The Nobel Prize in Economic Sciences, 2020 for COURSE INCLUDES:
improvements to auction theory and inventions of new
auction formats goes to? • NCERT
1. Paul R.Milgrom • Daily Tests & Writing Practice
2. Robert B.Wilson • Optionals (ANTROPOLOGY / GEOGRAPHY)
3. Esther Duflo
4. Abhijjit Banerjee • Nine Months • GS Foundation
Course • Prelims & Main • CSAT
a. 1 and 2 • Mentoring with Individual Focus
b. 1,2,3 • SAVVY Sessions
c. 2 and 3
• IAO Certification of Quality
d. 1,2,3,4
Answer: a
OPTIONALS
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From: 21/10/2020
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