Saturday, July 18, 2015

News Summary : July 18

Economy :
1: Quantitative easing is tool to increase money supply in the economy . With Improved liquidity investment can pick up for rapid growth of economy.

2: Boost strategy should focus on easing regulation , efficient risk allocation , Renegotiation and resourcing improvement.

3: Banking : Rising NPAs have been big pull back factor for current economic scenario. Suggestions have been made to create asset management company which will help in restructuring the bad loans.

4 :  Keynesian way involve state leadership in boosting investment to revive the economy.

5: Infrastructure : Smart city should be a city with heart i.e. it should be just and inclusive.

Governance :

6: Ordinance : This tool should be used when parliament is not in session and there is emergent need for the same. Lack of consensus building can not be reason for Ordinance . This tool has been misused by successive governments in form of promulgation and re-promulgation of ordinances. Currently Land Ordinance has been in news .

7: NJAC : Role of CJI has come under question in NJAC which will consider him as one among 6 members. Article 124 considers him as chief justice of India and Oath of CJI makes him Chief justice of Supreme court. This question need to be answered in light of role in NJAC mandate.


International Relations :
8: Indo-Iran : Chabahar port has been long pending infrastructure project . This will help in establishing connectivity with Afghanistan , Central Asia , Russia . This should be seen in terms of Geo-political , Economic , Combating terrorism angle.

9: Indo-Pak : Wullar barrage ( tulbul ) navigation has been long standing issue between India and Pak just like Sir Creek , Siachin .


Expert Comment : Land acquisition will be hotly debated topic in Monsoon session of parliament. Government will require to build consensus for proposed changes in the 2013 act. NJAC being looked by constitutional bench and will cover various aspects of the commission , role of CJI is one of them. This makes it important topic for mains Paper 2 of GS . Government has provided broad outline for smart cities , minute details will be visible in time to come. This is ambitious infrastructure project and provide decisive push to positive growth of Indian Economy. International news have been more or less continuation of past news .




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