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CURRENT AFFAIRSTHE HINDU : JUNE 2019

Daily Current Affairs : 28 JUNE 2019: The Hindu Analysis


BOMBAY HIGH COURT UPHOLDS THE RESERVATION OF THE MARATHAS

The Bombay High Court opined that the reservation should not go further than 12% for education
and 13% for jobs as per the recommendation of Maharashtra State Backward Class Commission.


As per the Indra Sawhney case of Supreme Court, a 50% reservation limit has been set and it is in the Gaikwad Commission report that the exceptional and extraordinary situations and circumstances has been mentioned that justifies the crossing of this limit.

There are certain conditions specified according to which the limit could be crossed which includes availability of quantifiable data that reflect the backwardness and inability of representation and it must not affect the efficiency of administration.

Source : The Hindu

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NATIONAL MISSION ON NATURAL LANGUAGE TRANSLATION TO BE LAUNCHED SOON


The mission is one of the key missions identified by the Prime Minister's Science, Technology and Innovation Advisory Council (PM-STIAC). The proposal for this is a part of the 100-day action plan of Ministry of Electronics and Information Technology.

Mission : To make science and technology accessible to all by facilitating to teaching and research material bilingually ( English and the one's native Indian language )
Proposed Cost : Rs. 450 crores.


Translation activities can prove to be a boost to generate employment for educated unemployed and also would help not just students who find it difficult to access knowledge because of language barrier, but also teachers, authors, publishers, translation software developers and general readers.

Implementing Agency : Ministry of Information and Technology is the main lead agency for the implementation of the mission along with the Ministry of HRD and Department of S&T.

Source : The Hindu 

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AMMA VODI SCHEME OF ANDHRA PRADESH

It is a scheme to be unveiled by the Andhra Pradesh Government in January 2020 which will provide an assistance of Rs. 15000 per annum to all the mothers who would send their children to school.

Eligibility : Intermediate students in both private and government colleges and also residential schools and hostels shall be eligible under this scheme.

Source : The Hindu

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SEBI TIGHTENS NORMS FOR MUTUAL FUNDS INVESTMENTS
The board of SEBI has decided on key reforms over liquid funds, credit rating firms, promoter's pledge of share and royalty payments.

According to SEBI, MF now :
  • Mandated to invest only in the listed non-convertible debentures.
  • All fresh investments by MFs in Commercial papers (CPs) and equities will also be allowed only in listed securities
  • Liquid MFs will have to hold atleast 20% in liquid assets.
SEBI also approved the framework for issuance of differential voting rights and introduction of superior voting rights for tech companies. 

What do you need to know about commercial papers? 

These are the short-term debt instruments which are issued by the companies to raise funds normally for a time period up to an year. 

These generally have a min maturity of 7 days and maximum of 1 year from the issue date. These can be issued in denominations of Rs. 5 lakh rupees or its multiples.

Individuals and banking companies along with other corporate bodies which are registered or incorporated in India and other unincorporated bodies, NRIs and FIIs etc can invest in these. 

Source : The Hindu

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EDITORIAL ANALYSIS

A POLICY TO REGULATE COACHING CENTRES

Since a while the regulation of the coaching centers are the main topic of discussion among the policy makers. Specially after all that happened in May this year, when a deadly fire broke out in a coaching center in Surat that claimed around 22 lives.

  • According to the data provided by the NSSO's 71st round, more than one-fourth of Indian students that make up a huge number of about 7.1 crores, take private coaching.
  • Also, around 12-15% of the family's expenses, whether rich or poor, goes to the coaching institutes, thus creating a huge financial family pressure.
  • The rate of suicides in Kota, Rajasthan is quiet high where a lot of students converge to prepare for entrance examinations. And yet, coaching industry is on a rapid growth.
What role does a coaching industry plays? Is it good or bad?
  • The coaching industry can only be a good option if it help to enhance the Human Capital like the way schools and colleges do. But, if it is not the case, then these institutions impose a huge emotional cost to the society as one way or the other it is playing a role in crushing the creativity.
  • And in most of the cases, the only help that a student get from these is to secure a good merit in some entrance examination, which is widely understood as a sign of merit.
So, coaching institutes are in existence only to achieve an idea of merit and not the human capital which is a small benefit one can acquire from it. Hence, the social cost of destroying the natural talent of the students far outweighs its benefits and therefore must need a regulation.

Why do people start a coaching institution?

Apart from few exceptions, the sole reason is that these institutions sell a valueless but costly idea. Hidden behind the legislation which is meant for tiny shops as 'other' businesses, these institutions runs an entire empire where they charge an exorbitant fee which is often untaxed, and yet remains unaccountable.

What do these institutions actually costs?

These institutions basically ignite psychological disorders in students, undermine the mainstream education and impose the high opportunity cost to the students and this paints a grave image of institutions as a market bully.

The social cost further worsen by the disregard for the well being of the students, who are fitted into tiny rooms with very little ventilation, let alone a fire exit. The cost of this is borne by the Society only for the sake of finding out who is better than the other in some entrance examination.

The case of Surat : A case study
  • The building of Surat had an illegally constructed terrace.
  • The wooden staircase in it got burned hence no possibility of escape.
  • It had no fire safety equipment, nor any compliance and inspection certificate.
  • According to the approved plan of 2001, the building in which that incident of fire happened was located in an area which was supposed to be a residential place.
  • In 2007, a 2-floor commercial complex was illegally built which was later legalized in 2013 after a span of 6 years.
  • The other floors where fire broke out were also illegally constructed later.
Why such Institutions are in existence?

The one of the main reason for such a growth of coaching industry is the culture of entrance exam of India. Every second child in India is preparing for some sort of entrance examination and due to increased trend of higher cutoffs to clear such examination the focus narrow down to securing merit which gives a boost to these institutions.

Way forward?

What is urgently required now is the policy for the regulation of these institutions. All the centres must register with the government and must meet certain basic criteria with respect to safety, employment of teachers, number of students in a particular batch, etc.

Read more at : The Hindu Editorial

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QUICK FEEDS
  1. Futarchy : It is used to denote a government where voters vote on the values that need to upheld by their government, but the best policies that need to be adopted in order to achieve these popular values is decided through the means of prediction markets.
  2. Nagaland governor P. B. Acharya sworn in as the Manipur Governor
  3. Vespersaurus paranaensis is a was a theropod (bipedal and adapted to grow huge), a group of double-footed, flesh-eating dinosaurs that included the better recognized Tyrannosauras and Velociraptor. Its fossils of this desert-based dinosaur were discovered in Cruzeiro do Oeste municipality of Parana state, Brazil.
  4. Cyrus Poonawalla, founder and chairman of the Serum Institute of India, received an honorary degree from Oxford University for his work in the field of philanthropy and life-saving vaccines.
  5. Kumkum Mohanty, a crusader of Odissi music. She is an eminent researcher, composer and guru, who successfully continued parallel careers as a dancer and an IAS officer. She worked as a special secretary to Odisha Govt. and later after her retirement in 2004, she started her dance school Geeta Govinda.
  6. Mother's milk bank to come up in Maharashtra.

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