The Hindu – August 22, 2018

//The Hindu – August 22, 2018

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The Hindu – August 22, 2018

Today’s National News- The Hindu

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1. 16-year-old Saurabh Chaudhary shot his way to gold in the 10-meter air pistol event at the Jakarta-Palembang Asian Games on Tuesday.

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2. The UAE government has promised 700 crore assistance for Kerala’s post-flood reconstruction effort even as the State on Tuesday sought a 2,600 crore special package from the Centre to cope with the deluge.

On the offer of aid, Mr. Vijayan told reporters that Abu Dhabi Crown Prince and Deputy Supreme Commander Sheikh Mohammed bin Zayed Al Nahyan had communicated the decision to Prime Minister Narendra Modi.

3. Bihar Governor Satya Pal Malik was appointed Governor of Jammu and Kashmir by the President on Tuesday. He replaces N.N. Vohra, who has occupied the J&K Raj Bhavan since 2008.

4. The Supreme Court on Tuesday scrapped the use of NOTA (none of the above) option for Rajya Sabha polls, saying it would usher back the “Satan of defections.”

A three-judge Bench, led by Chief Justice of India Dipak Misra, held that the option is meant only for universal adult suffrage and direct elections and not elections held by the system of proportional representation by means of the single transferable vote as done in the Rajya Sabha.

5. Decks have been cleared for the construction of an elevated railway line in Kurukshetra city to decongest the traffic, an official spokesperson said on Tuesday. The proposal was cleared after Haryana Chief Minister Manohar Lal Khattar gave in-principle approval to the project recently.

6. Central assistance of ?600 crore was released to the Kerala government on Tuesday. This includes ?500 crore announced by Prime Minister Narendra Modi and ?100 crore announced by Home Minister Rajnath Singh.

The National Crisis Management Committee, chaired by Cabinet Secretary P.K Sinha, was informed by the Kerala government that while the situation was improving in the State some isolated pockets were still under water.

7. The State Finance Commission (SFC) is a unique institution created by the 73rd and 74th Constitutional Amendments (CAs) to rationalise and systematise State/sub-State-level fiscal relations in India. It has few parallels in other federal systems. Its primary task is to rectify growing horizontal imbalances in the delivery of essential public services to citizens. But there has been inadequate appreciation of the significance of this institution by the Union, States as well as the professional community.

Article 243I of the Constitution mandated the State Governor to constitute a Finance Commission within one year of the CAs (before April 24, 1994) and thereafter every five years. This means fifth generation SFCs ought to have submitted reports by now, with around 140 reports available in the public domain. Till date, only Assam, Himachal Pradesh, Tamil Nadu and Kerala have submitted their fifth SFC reports.

8. Last month, India received the happy news that that one of the three newly designated geological ages of the Holocene Epoch was named after Meghalaya. The International Commission on Stratigraphy (ICS), a body of geological timekeepers, had divided the Holocene Epoch, which began 11,700 years ago, at the 8,200-year and 4,200-year points, thereby creating the Greenlandian, the Northgrippian and the Meghalayan Ages.

9. The following Press Communique has been issued by the Government of Mysore: It is noticed that, during the last few weeks, certain letters have appeared in the Madras Press creating an impression that the shortage of water supply in the Cauvery River in the Trichinopoly and the Tanjore Districts was in some way due to the construction of the Krishnaraja Sagara Dam at Kannambadi in the Mysore State. 2. The true cause of the shortage complained of is the almost complete failure of the South West Monsoon in the months of June and July.

10. Extrapolative expectations

Economics

This refers to expectations about the future value of an economic variable based on its most recent value. For instance, while trying to determine the price that customers would be willing to pay for their goods, businessmen rely mostly on data about the price that customers were willing to pay in the recent past. Data on actual sales in the past is also often used by businesses to forecast likely demand in the future. Such expectations based on historical data, while mostly accurate, can mislead people when there are unforeseen changes in the value of economic variables.

11. Stepping up efforts to clamp down on the spread on “sinister” messages through WhatsApp, the Union government on Tuesday asked the instant messaging platform to implement three measures in India: set up a local corporate entity; appoint a grievance officer in India; and find a solution to trace the origin of fake messages.

This was conveyed to the newly appointed WhatsApp CEO, Chris Daniels, during a meeting with Electronics and IT Minister Ravi Shankar Prasad.

12. Real average daily wages in India almost doubled in the first two decades after economic reforms, but low pay and wage inequality remains a serious challenge to inclusive growth, the International Labour Organization warned in its India Wage Report published on Monday.

Overall, in 2009-10, a third of all wage workers were paid less than the national minimum wage, which is merely indicative and not legally binding. That includes 41% of all casual workers and 15% of salaried workers.

In 2011-12, the average wage in India was about ?247 rupees a day, almost double the 1993-94 figure of ?128. However, average labour productivity (as measured by GDP per worker) increased more rapidly than real average wages. Thus, India’s labour share — or the proportion of national income which goes into labour compensation, as opposed to capital or landowners — has declined.

The rise in average wages was more rapid in rural areas, and for casual workers. However, these groups started at such a low base that a yawning wage gap still remains. Thus, the average wage of casual workers — who make 62% of the earning population — was only ?143 a day.

Daily wages in urban areas (?384) also remain more than twice as high as those in rural areas (?175), the report said. Regional disparities in average wages have actually increased over time, with wages rising more rapidly in high-wage States than in low-wage ones.

The gender wage gap decreased from 48% in 1993-94 to 34% in 2011-12, but still remains high by international standards. And of all worker groups, the average wages of casual rural female workers was the lowest, at just ?104 a day. (Today’s national news & latest current affairs in English)

13. The National Crime Records Bureau (NCRB) would be the designated nodal agency for monitoring the complaints received on a government portal that records child pornography and sexual violence videos.

The NCRB would coordinate with service providers such as Facebook, YouTube and WhatsApp and ask them to block malicious videos and contents.

A government notification has been issued under the Information Technology Act, 2000 to enable NCRB take action against such videos.

14. The Army has issued a Request for Information (RFI) for the procurement of 30,000 light machine guns (LMG) to equip the infantry.

The RFI, which was issued on Monday, set a four-week timeframe for interested vendors to submit bids. “Tentative date of issue of Request For Proposal (RFP) is October 2018,” it said.

An RFI is the first step in the tendering process which details the broad parameters envisaged. Based on the responses, an RFP with the exact specifications would be issued to qualified vendors. In February, the Defence Acquisition Council (DAC) cleared the procurement of 41,000 LMGs for the three services at a cost of ?3,000 crore. These are to be procured under the Buy and Make (Indian) category and of the total quantities envisaged, about 30,000 will be through Indian industry and the balance from the Ordnance Factory Board.

The 7.62mm x 51mm LMG should have an effective range of not less than 800 metres and be lethal up to that range in wound profile, energy transferred and penetration. The gun should be compatible with modern sights and accessories with provision for mounting the same.

(Today’s National News- The Hindu)

15. Chinese Defence Minister and State Councillor General Wei Fenghe arrived in Delhi on Tuesday on a four-day visit. The visit comes exactly a year after the 73-day military standoff at Doklam. Gen. Wei called on Prime Minister Narendra Modi during which Mr. Modi termed India-China relations as a factor of stability in the world.

16. National Testing Agency will conduct NEET.

17. Iran unveiled its first domestic fighter jet on Tuesday, with President Hassan Rouhani insisting that Tehran’s military strength was only designed to deter enemies and create “lasting peace”. State media said it had “advanced avionics” and multi-purpose radar, and that it was “100% indigenously made” for the first time.

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18. The Indian government has asked its biggest state-owned firm, Oil and Natural Gas Corporation (ONGC), to list its overseas unit ONGC Videsh.

The move to float the unit — which has investments in 11 producing assets in countries including Russia, Brazil and Iran — is part of a government push to sell state-assets to raise funds.

ONGC Videsh was formed in 1965 to help India expand its overseas footprint.

19. After a silver at the Asian Championships in 2017 and a bronze at the CWG this year, Divya Kakran finished third yet again on Tuesday, making short work of Chen Wenling for a 10-0 technical superiority victory and bronze in the 68kg.

20. Swimmer Liu Xiang (China) set the first World record 50m backstroke in the Asian Games pool.

21. Tuesday’s medallists

Men: Gold: Saurabh Chaudhary (shooting, 10m air pistol).

Silver: Sanjeev Rajput (shooting, 50m rifle 3 positions).

Bronze: Abhishek Verma (shooting, 10m air pistol).

Divya Kakran (wrestling, 68kg freestyle).

22. As per the Supreme Court order of August 9, the Tamil Nadu Registrar of Societies registered the new constitution of the BCCI on Tuesday and the Board in turn informed its members that they have to amend their constitution in terms with the BCCI’s and report compliance by September 20.

The apex court order said: “Upon the registration of the said Constitution of BCCI, each of the members shall undertake registration of their respective Constitutions on similar lines within a period of 30 days thereafter. A compliance certificate must be furnished to the CoA, which shall file a status report before this Court with reference to the compliance undertaken by the State associations.” (Today’s national news in English)

23. The Indian Open, a World Snooker Tour tournament, has been postponed due to the Kerala floods, it was announced on Tuesday. The Indian Open was scheduled to be held at Kochi, from 18-22 September. More details on the rescheduling will be released in due course, a World Snooker Tour statement read.

24. Books:

1. 21 Success Sutras For CEOs

Author: M. S. Rao

The author takes readers through the challenges faced by corporate leaders, and uses case studies of successful CEOs including Jack Welch, Alan Mulally, Warren Buffett, Bill Gates, Richard Branson, Steve Jobs, Jeff Bezos, Herb Kelleher, Lakshmi Niwas Mittal and Carly Fiorina in his analysis.

2. Master Growth Hacking

Author: Apurva Chamaria and Gaurav Kakkar

Do you know how Hotmail amassed 30 million active members before getting acquired? How did Netflix build over 125 million users worldwide? Or, how did Facebook acquire over 2 billion active users?

Growth hacking, a combination of coding, data intelligence and marketing, is the new word for growth used by start-ups and entrepreneurs in India and across the world.

Founders of Zomato, IndiaMART, ShopClues, UrbanClap, Paisabazaar, Furlenco, FusionCharts, WittyFeed and UpGrad share their story of ‘growth hacking’ in the book. (

3. Dealing With People In The Organisation

Author: Tapash Bose

With many stories and anecdotes, the author offers lessons on how to interact with seniors, subordinates and peers at the workplace.

The book also explains the four circles of relationships, review of relationships and provides tips on managing relationships in general.

25. Abbreviations:

International Commission on Stratigraphy (ICS)
Employment and Unemployment Survey (EUS)
National Sample Survey Office (NSSO)
National Crime Records Bureau (NCRB)

26. Things to Remember:

New Goverrnor of Jammu and Kashmir – Satya Pal Malik
Kerala Chief Minister Pinarayi Vijayan
Electronics and IT Minister – Ravi Shankar Prasad
Newly appointed WhatsApp CEO – Chris Daniels
Chinese Defence Minister and State Councillor General Wei Fenghe
NITI Aayog Vice-Chairman – Rajiv Kumar

27. Improve your Vocabulary:

Shirk

Meaning – Avoid or neglect (a duty or responsibility)

Example – ‘I do not shirk any responsibility in this matter’
Example – ‘she is neither shirking nor lying’
Synonyms: evade, dodge, avoid, get out of, sidestep, shuffle off, run away from, shrink from, shun, slide out of, play truant from, skip, miss, not attend
evade one’s duty, be remiss, be negligent, skulk, play truant, malinger

(shirk from) – Meaning – Be unwilling to do (something difficult)
Example – ‘we will not shirk from closing a school if the evidence should justify it’

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