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Saturday, September 19, 2020

The HINDU Notes – 19th September 2020



📰 Market failure

New deal for agriculture needs good regulated markets ahead of private competition

•The ambitious initiative of the Narendra Modi government to bring about far-reaching reform in agriculture has run into severe weather, mainly over fears that the free market philosophy at its core could spell the end of MSPs for produce that has so far been centrally procured by the government. An allied party’s Minister, Harsimrat Kaur Badal (Akali Dal) has resigned in protest, and there is a strong pushback from farmers against three Bills that seek to replace ordinances issued in June, on key aspects of the farm economy — trade in agricultural commodities, price assurance, farm services including contracts, and stock limits for essential commodities. The opposition to the Bills, particularly on trade, flows from the position, articulated by Punjab, that agriculture and markets are State subjects, and there should be no tinkering with the MSP and Agricultural Produce Market Committees (APMC), that form the backbone of existing trading arrangements. Several States have already liberalised agricultural marketing, amending their APMC Acts, and some have allowed regulated private commerce including direct marketing. Yet, provisions in the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, providing for unfettered commerce in designated trade areas outside APMC jurisdictions without levy of any fee, and more generally, empowering the Centre to issue orders to States in furtherance of the law’s objectives, have alarmed States. A challenge has been mounted by Rajasthan, declaring central warehouses as procurement centres under its APMC Act, and therefore required to pay a market fee to the State.

•Mr. Modi has characterised the arguments as misleading, promising that the MSP system will continue. This is welcome, but the new dispensation cannot bring cheer to small farmers, who form the majority and whose access levels to markets under the APMC system are at the rate of one for an area of 434.48 sq. km on average — well below the recommendation of the National Commission on Farmers (NCF), at one market for 80 sq. km. There is evidence also that mere liberalisation does not lead to private investment in new markets. When Bihar removed the APMC system, markets suffered loss of fee revenue, with no significant private investments in the sector. If the Centre’s intent is to strengthen competition, it should massively fund the expansion of the APMC market system, removing trade cartels, and providing farmers good roads, logistics of scale and real time information. Rather than opt for heavy centralisation, the emphasis should be on empowering farmers through State Farmers Commissions recommended by the NCF, to bring about a speedy government response to issues. Without strong institutional arrangements, laissez-faire policy may harm lakhs of unorganised small farmers, who have been remarkably productive and shored up the economy even during a pandemic.

📰 Another Afghan peace push and a role for India

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UPSC Topper Gaurav Agrawal Art and Culture Notes PDF


 UPSC Topper Gaurav Agrawal Art and Culture Notes PDF

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Employment News 19 September to 25 September 2020 Download pdf


Download Employment News pdf of this week  19 September to 25 September 2020 . Check latest job recruitment

Employment News pdf 01 December to 07 December 2018 download

Employment News pdf This Week -  19 September to 25 September 2020.

Hey Aspirants, its the latest for free of Employment Weekly Magazine. You can check latest job recruitment at various office/board. You can check upcoming vacancies and for this week/month. To download this employment magazine click on the link given below.

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Friday, September 18, 2020

Daily Current Affairs, 18th September 2020



1) World Bamboo Day: 18 September

•World Bamboo Day is observed globally on 18 September every year. This day is celebrated to raise awareness of the benefits of bamboo and to promote its use in everyday products. The theme for 11th edition of WBD 2020 is ‘BAMBOO NOW.’

2) International Equal Pay Day: 18 September

•International Equal Pay Day is observed globally for the first time on 18th September 2020. On the occasion of the first International Equal Pay Day, and in the midst of the fallout from the global COVID-19 pandemic, the Equal Pay International Coalition (EPIC) will host a virtual global Call to Action to encourage all labour market actors to take the necessary steps to ensure that equal pay is at the heart of recovery efforts worldwide.

3) World Water Monitoring Day: September 18

•The World Water Monitoring Day is observed globally on 18th September since 2003. This day is celebrated to increase public awareness and involvement in water monitoring and protecting water resources around the world. World Water Monitoring Day engages people of all ages in monitoring the condition of local rivers, streams, estuaries and other water bodies. This year theme for World Water Monitoring Day 2020 is ‘Solve Water.’

4) Karnataka Govt launches “Arthika Spandana” loan disbursal programme

•Karnataka Chief Minister, B.S. Yediyurappa has launched the “Arthika Spandana” programme of disbursing loans to the tune of Rs 39,300 crores through various cooperative institutions. Under this scheme, Rs 15,300 crores would be disbursed to the agriculture sector while a sum of Rs 24,000 crores would be earmarked for the non-agricultural sector.

•The Chief Minister, who launched the programme by symbolically handing over cheques towards loans to 50 beneficiaries, hailed the cooperative institutions for helping people during the times of COVID-19 and floods.

5) Mexico issues world’s first sovereign bond

•Mexico has become the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations. It has raised EUR 750 million ($890 million) by such bonds. The SDG bond will mature in September 2027 and offers a yield to maturity rate of 1.603% and a coupon rate of 1.350%. This new bond was issued under Mexico’s new “SDG Sovereign Bond Framework,” which was released in February in partnership with French investment bank Natixis.

•This issue will aid the Mexican Government in three ways viz. strengthens budget transparency, increases earmarked spending for sustainable development programs and contributes to the development of the local and international capital markets aimed at development finance.

6) India Happiness Report 2020 announced

•The first all India Happiness Report 2020 covering all States and Union Territories measuring happiness across the country, what contributes to people’s happiness, the impact of COVID-19 on happiness, and insights from thought leaders. The study is based on a nationwide survey covering 16,950 people between March and July 2020 by Professor Rajesh K Pillania.

7) IMD’s Global Smart City Index 2020

•The Institute for Management Development, in collaboration with Singapore University for Technology and Design (SUTD), has released the Smart City Index 2020. In 2020 Smart City Index, 109 cities were surveyed.

•The index ranks cities based on economic and technological data, as well as by their citizens’ perceptions of how “smart” their cities are. The index has been topped by Singapore, followed by Helsinki and Zurich as top three smart cities. In the 2020 Smart City Index, Hyderabad was the top Indian city, placed at the 85th position. The Indian cities have witnessed a significant drop in their rankings in the Smart City Index 2020.

8) ICICI Home Finance launched “Apna Ghar Dreamz” Home Loan Scheme

•The ICICI Home Finance launched “Apna Ghar Dreamz”, its new home loan scheme for skilled laborers like electricians, mechanics, painters, grocery store owners etc in the informal sector of Delhi.

9) Chef Vikas Khanna honoured with Asia Game Changer Award 2020

•Chef Vikas Khanna has been chosen to be honoured with the prestigious Asia Game Changer Award 2020. This award is given to him for feeding millions of people across India in the COVID-19 pandemic through a massive food distribution drive ‘FeedIndia’. He is the only Indian among the six honourees named by the leading organisation. He coordinated his massive food distribution drive in India from thousands of miles away in his Manhattan home in New York.

•The Asia Game Changer Awards was launched by the Asia Society, a US-based non-profit organization, in 2014, to identify and honour true leaders who make a positive contribution to the future of Asia.

10) A new book titled “Azadi” authored by Arundhati Roy

•Arundhati Roy’s new book titled “Azadi: Freedom. Fascism. Fiction” is published by Penguin Books Limited. The nonfiction book is a collection of essays that shows the meaning of Freedom in the world of increasing authoritarianism. The essay collection includes meditations on language and roles of fiction and alternative imaginations amid global pandemic due to COVID-19.

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Insights IAS Insta PT 2020 International Relations Part 2 PDF