The Crux of the Hindu and PIB Vol 33
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News for May 2017 aspirantforum.com Hindu and PIB Crux Vol. 33 NewsVol. and 33 Events of May 2017 aspirantforum.com Vol. 33 May 2017 33 May Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 33 News and Events of May 2017 Aspirant Forum is a Community for the UPSC Contents Civil Services (IAS) Aspirants, to discuss and debate the various things related to the exam. We welcome an active National News.............4 participation from the fellow members to enrich the knowledge of all. Economy News..........16 Editorial Team: PIB Compilation: Nikhil Gupta International News....32 The Hindu Compilation: Shakeel Anwar India and the World..35 Ranjan Kumar Shahid Sarwar Karuna Thakur Science and Technology + Designed by: Anupam Rastogi Environment..............43 The Crux will be published online Miscellaneous News and for free on 10th of every month. We appreciate the friends and Events.........................75 followers for apprepreciating our effort. For any queries, guidance needs and support, Please contact at: [email protected] You may also follow our website Aspirantforum.com for free on- line coaching and guidanceforIASaspirantforum.com Vol. 33 May 2017 33 May Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 33 News and Events of May 2017 About the ‘CRUX’ Introducing a new and convenient product, to help the aspirants for the various public services examina- tions. The knowledge of the Current Affairs constitute an indispensable tool for all the recruitment examinations today.However, an aspirant often finds it difficult to read and memorize all the current affairs, from an exam perspective.The Newspapers and magazines are full of information, that may or may not be useful for the exams. Thus, acandidate is forced to spend a substantial amount of his time in selecting and maintaining notes for the current affairs. Another problem is that it is difficult to get every bit of information, relevant from the exam perspective at oneplace. Thus, candidates are often found wasting their time in search of current affairs material. It is with this problem in mind that we have come up with the GIST of The Hindu and Press Information Bureau(PIB). The whole concept of the CRUX is to provide you with a summary of the important news and current affairs,from an exam point of view. By reading the CRUX, you will be able to save your precious time and effort, as you get all the relevant matter in a summarized and convenient form. The Crux is particularly helpful for the Civil Services, Banking, SSC and other exams that have a current affairs section. The material is being provided in such a manner that it is helpful for both- objective and descriptive sections. Our aim is to help the candidates in their effort to get through the examinations. Your efforts and dedication inspire us to keep going. It is our sincere effort to make your journey easier. Best Wishes Editorial Board Team Aspirant Forum Courtesy: The Hindu Press Information Bureau (PIB) aspirantforum.com Vol. 33 May 2017 33 May Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 33 News and Events of May 2017 imports of populated printed circuit boards (PCBs) used for mobile phones, to push the Make in India campaign. The duty is aimed at providing ‘adequate protection to National domestic industry,’ the government had said, so that local manufacturers of PCBs get an incentive of sorts. Hand- set prices were expected to rise by over 1% owing to the Real estate Act will come into force today duty. The much-awaited Real Estate Regulatory Act, which Calling for a ‘low or no duty regime’ for key inputs of elec- promises to protect the rights of homebuyers and bring in tronic products, the Aayog has said that the 2% customs transparency to the sector, comes into force on Monday. duty on PCBs would provide modest protection to do- Though only 13 States and Union Territories have noti- mestic manufacturers, but hurt the mobile phone manu- fied the rules so far, the Centre believes that within the facturers. next two months, others too will follow suit. ‘Tariff handicap’ “All Sections of the Act will come into force from May 1 “At this stage, it is best for us to let mobile phone manu- and become operational. The clock now begins to tick facturing flourish and not be handicapped by tariffs on for registration of ongoing and new housing projects with its components. As this happens and we begin to export regulatory authorities within three months,” said a senior mobile phones in large volumes, the way to the manufac- official of the Ministry of Housing and Urban Poverty Al- ture of other components will be automatically paved,” leviation, who did not wish to be named. the Aayog has noted in its recommendations on the elec- Real estate developers shall get all the ongoing projects tronics sector. that have not received completion certificate and the new “We should return to zero duty on PCBs. We must build projects registered with regulatory authorities by July- industries that are globally competitive and do not need end. This enables the buyers to enforce their rights and to operate behind a wall of protection,” it stressed. seek redress, a Ministry spokesperson said. A senior official in the electronics and IT ministry ex- Project necessities pressed surprise at the Aayog’s suggestion and said Under these regulations, developers are required to dis- that though some mobile phone producers had initially play sanctioned plans and layout plans of at least 3X2 expressed apprehensions about the levy of the duty on feet size at all marketing offices, other offices where PCBs, they recognise that the idea is to incentivise do- properties are sold, all branch offices and head office of mestic production of PCBs. the promoters in addition to the site of project. “The duty is being levied at a nominal rate and is just a As per the new act, 70% of the funds would have to be signal in favour of local manufacturing,” the official said. deposited in a separate bank account in case of new pro- Though India has the potential to become a large elec- jects and 70% of unused funds in case of ongoing pro- tronics manufacturer and exporter due to its large labour jects. Projects with plot size of minimum 500 sq.m or at force, a growing domestic market and proximity to other least eight apartments shall be registered. Both develop- economies on the electronics value chain, the sector ac- ers and buyers will pay penalty for delays. The liability is counted for just 3% of India’s merchandise exports in on developers for structural defects for five years. 2015, the Centre’s think tank has pointed out. “The world market in electronics products is $2 trillion NITI Aayog for abolishing 2% duty on compared with only $65 billion in the domestic market. Therefore, an aggressive export strategy is essential to mobile phone circuits credibly prepare ourselves for the fourth Industrial Revo- Mobile phones could become cheaper if the government lution,” the Aayog noted. accepts a proposal by the NITI Aayog to drop the 2% im- port duty imposed on a critical component for handsets in the Union Budget for 2017-18. India to unveil new IIP series The Aayog, in its draft aspirantforum.comthree-year action plan, has said India will unveil a new series of Index of Industrial Pro- the duty will hurt mobile phone makers in the country and duction with a base year 2011-12 on May 9 with an aim to the government must ensure that industries are not built map economic activities more accurately. The new series behind ‘a wall of protection.’ for Index of Industrial Production (IIP), which captures in- Vol. 33 May 2017 33 May Vol. The Budget had imposed a 2% special additional duty on dustrial activities on monthly basis, will be launched by Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 33 News and Events of May 2017 Chief Statistician and MOSPI Secretary T. C. A. Anant, However, the Directorate General of Civil Aviation is not an official said. in favour of the proposal due to safety reasons, according A high-level panel had firmed up the methodology for the to a Ministry official. IIP with new base year of 2011-12. Currently, the IIP is “We are persuading them to allow single-engine aircraft calculated on base year of 2004-05. under the scheme,” the official said. The change in baseline for the IIP is expected to bring in more accuracy in mapping the level of economic activity Braj Bihari Kumar new ICSSR chief and calculating other numbers like national accounts. The Union government has appointed Braj Bihari Ku- mar as Chairman of the Indian Council of Social Science Govt. mulls changes to UDAN scheme to Research (ICSSR), which is dedicated to social science attract more players research in India. He replaces eminent academic S.K. The Centre may introduce changes to its regional con- Thorat, who was appointed by the UPA government. nectivity scheme or UDAN to attract more players in the Mr. Kumar, 76, is the founding member of Astha Bharati, second round of bidding. a non-profit organisation dedicated to promoting the “In- “In a recent meeting, we have received numerous sug- dia’s unity and integrity.” It publishes journals Dialogue gestions from stakeholders and we might bring some and Chintan Srijan .