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When:
June 8, 2018 @ 1:00 am
2018-06-08T01:00:00+05:30
2018-06-08T01:15:00+05:30

NEWS

8 JUNE 2018

Sr. No.

Topic

News

1.

GS III: SECURITY

Talks only with right-minded people in J&K, says Rajnath

2.

GS III: SECURITY

Bhima Koregaon arrests: ‘activists were in touch with Naxal leaders’

3.

GS III: SECURITY

Seven-year jail term for Abu Salem

4.

GS I: HISTORY

A journey to mark an infamous event

5.

GS II: MULTILATERAL

India not ready to sign the Hague treaty

6.

GS III: DEFENCE

DAC approves procurement of radars, air cushion vehicles

7.

GS II: INTERNATIONAL -USA

Mystery grows as U.S. workers in China fall ill

8.

GS III: ECONOMY – BANKING

‘PSB recap plan inadequate for growth’

GS III: SECURITY

Talks only with right-minded people in J&K, says Rajnath

  • Union Home Minister Rajnath Singh said that the Centre was ready to hold talks with “right-minded people” in Jammu and Kashmir and Pakistan, but the neighbouring country should stop terror activities emanating from its soil.
  • He also said that if Pakistan was unable to stop terrorism from its soil on its own, it should take India’s help.
  • “Dialogue can be held with everyone. It is not necessary to be like-minded to hold talks, but it is compulsory to be right-minded,” Mr. Singh said, offering an olive branch to the separatists.
  • The Centre appointed Dineshwar Sharma as special representative to Jammu and Kashmir in October 2017.

GS III: SECURITY

Bhima Koregaon arrests: ‘activists were in touch with Naxal leaders’

  • A day after five activists were arrested in connection with the Bhima Koregaon violence, the police claimed that naxalite funds were used to sponsor the ‘Elgaar Parishad’ held in Pune’s Shaniwarwada Fort on December 31, 2017.
  • ‘Elgaar Parishad’ sought to mark the 200th year of the Battle of Bhima Koregaon.

GS III: SECURITY

Seven-year jail term for Abu Salem

  • A Delhi court sent gangster Abu Salem to jail for seven years in an extortion case of 2002.
  • The court had on May 26 held him guilty of demanding Rs. 5 crore from Delhi businessman Ashok Gupta.

GS I: HISTORY

A journey to mark an infamous event

  • External Affairs Minister Sushma Swaraj undertook a train journey from Pentrich to Pietermaritzburg, a railway station in South Africa where a young Mahatma Gandhi was thrown out of a “Whites-only” compartment 125 years ago.
  • Ms. Swaraj, who is in South Africa on a five-day visit, also inaugurated a two-sided bust of Gandhiji, called the “Birth of Satyagraha.”
  • 125th anniversary of the Pietermaritzburg incident100th Birth Centenary of Madiba [Nelson Mandela] and 25 years of the diplomatic relations. It couldn’t get bigger,” said Ms. Swaraj in her address at the event.
  • On the night of June 7, 1893, Mohandas Karamchand Gandhi, then a young lawyer, was thrown off the train’s first class compartment at Pietermaritzburg station after he refused to give up his seat as ordered by racially prejudiced officials.
  • The incident led him to develop his Satyagraha principles of peaceful resistance and mobilise people in South Africa and in India against the discriminatory rules of the British.
  • Ms. Swaraj, along with Deputy Foreign Minister of South Africa Luwellyn Landers, released postal stamps on Pandit Deendayal Upadhyaya and Oliver Tambo to mark 25 years of the establishment of diplomatic relations.
  • Tambo was a South African anti-apartheid politician who served as President of the African National Congress from 1967 to 1991. Upadhyaya was a co-founder of Bharatiya Jana Sangh.

GS II: MULTILATERAL

India not ready to sign the Hague treaty

  • The government is not yet ready to sign the Hague treaty on inter-country abduction of children by parents fleeing a bad marriage, said a senior official of the Ministry of Women and Child Development (WCD).
  • There has been immense pressure from the U.S. on the government to sign the treaty though the government has long held the view that the decision could lead to harassment of women escaping marital discord or domestic violence.
  • “The government is not yet ready to sign the Hague treaty. If at all we do, we will follow the Japan example and put safeguards in place before acceding to the Hague treaty,” said the official on condition of anonymity.
  • The Hague Convention is a multi-national treaty that seeks to protect children wrongfully removed by one of the parents from the custody of the other parent.
  • committee constituted by the Centre to examine legal issues involved in international parental abduction submitted its report in April 2018, opposing a central provision of the Hague Convention. It said that the criterion of habitual residence of the child, which is used to determine whether the child was wrongfully removed by a parent as well as to seek the return of the child to the country of habitual residence, was not in the best interest of the child.
  • It also recommended setting up of a Child Removal Disputes Resolution Authority to act as a nodal body to decide on the custody of the child as well as a model law to deal with such disputes.
  • However, the government is contemplating assigning the National Commission for Protection of Children the responsibility to adjudicate on such cases along with a judicial expert.

GS III: DEFENCE

DAC approves procurement of radars, air cushion vehicles

  • The Defence Acquisition Council (DAC), chaired by Defence Minister, Nirmala Sitharaman, approved procurement of high powered radars for the Indian Air Force and air cushion vehicles for the Army and the Coast Guard together worth over Rs. 5,500 crore.
  • The 12 high power radars will be procured indigenously under the ‘Buy (Indian) IDDM’ category.
  • “The radars will provide long range medium and high altitude radar cover with the capability to detect and track high speed targets following parabolic trajectories. Technologically superior, the radars will have the capability to scan 360 degrees without mechanical rotation of Antenna and will operate on 24×7 basis with minimal maintenance requirement,” the Defence Ministry said in a statement.
  • In the other deal, air cushion vehicles (ACVs) to be procured from an Indian shipyard will enable travel at very high speeds over shallow water, sand banks, mud flats and swamps which are non-navigable by boats and small crafts due to draught restrictions or uncharted depths.

GS II: INTERNATIONAL -USA

Mystery grows as U.S. workers in China fall ill

  • A crisis over a mysterious ailment sickening U.S. diplomats and their families — which began in Cuba and recently appeared in China — has widened as the State Department evacuated at least two more Americans from China.
  • The Americans who were evacuated worked at the U.S. Consulate in the southern city of Guangzhou, and their colleagues and family members are being tested by a State Department medical team, officials said.
  • For months, U.S. officials have been worried that their diplomats have been subjected to targeted attacks involving odd sounds, leading to symptoms similar to those “following concussion or minor traumatic brain injury,” the State Department says.
  • The cases in China have broadened a medical mystery that started in 2016, when U.S. Embassy employees and their family members began falling ill in Havana.
  • In all, 24 of them were stricken with headaches, nausea, hearing loss, cognitive issues and other symptoms after saying they heard odd sounds.
  • The issue has roiled relations with Cuba, which immediately fell under suspicion, and led the United States to expel Cuban diplomats.

GS III: ECONOMY – BANKING

‘PSB recap plan inadequate for growth’

  • The government’s recapitalisation plan for the 21 public sector banks (PSBs) will not be sufficient to support credit growth but will take care of the provisioning requirement for bad loans, according to Moody’s.
  • “The PSBs’ capital shortfalls are larger than the scale that the government had expected when it announced the recapitalisation in October 2017, mainly because the banks have failed to raise additional capital from the marketand it may be difficult for them to raise more capital given the substantial decline in their share prices since the beginning of 2018,” says Alka Anbarasu, vice-president and senior credit officer at Moody’s.
  • In October 2017, the Centre had announced the infusion of Rs. 2.11 lakh crore in PSBs over two years, of which Rs. 1.35 lakh crore was to come through recapitalisation bonds. The government will infuse Rs. 65,000 crore in this financial year, following the Rs. 90,000 crore infusion made in FY18.
  • “Moreover, the capacity of these 21 banks to generate internal capital has deteriorated because of their weak financial performance and a sharp increase in government bond yieldswhich hurt their investment income,” said Ms. Anbarasu.
  • In addition, the discovery of the Rs. 14,400 crore fraud in Punjab National Bank in February 2018 increased the need for additional capital for the lender.

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