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Aspirantforum.Com Hindu and PIB Crux Vol News for July 2017 aspirantforum.com Hindu and PIB Crux Vol. 35 NewsVol. and 35 Events of July 2017 aspirantforum.com Vol. 35 July 2017 35 July Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 35 News and Events of July 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..........11 Editorial Team: PIB Compilation: Nikhil Gupta International News....37 The Hindu Compilation: Shakeel Anwar India and the World..48 Ranjan Kumar Shahid Sarwar Karuna Thakur Science and Technology + Designed by: Anupam Rastogi Environment..............57 The Crux will be published online Miscellaneous News and for free on 10th of every month. We appreciate the friends and Events.........................82 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. 35 July 2017 35 July Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 35 News and Events of July 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. 35 July 2017 35 July Vol. Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 35 News and Events of July 2017 Officers’ body opposes central bank CFO plan National The Reserve Bank of India’s (RBI) decision to appoint a chief financial officer (CFO) is facing stiff opposition as its officers’ association has questioned the move on the Presidential assent for Kambala Bill grounds that such a requirement is neither a statutory nor All the hurdles for resuming Kambala — the traditional a legal mandate. slush-track buffalo race of the coastal districts — are In May, the Reserve Bank of India invited applications cleared with the Prevention of Cruelty to Animals (Kar- for the post of CFO with the rank of an executive director nataka Amendment) Bill, 2017, finally getting Presidential from outside the organisation. The RBI had said the CFO assent. would be responsible for accurate and timely presenta- The Legislative Assembly passed the Bill in February tion and reporting of financial information of the central 2017 to put the traditional sport out of the ambit of PCA bank, and establishing accounting policies and proce- Act. Governor Vajubhai R. Vala then referred the Bill to dures and ensuring compliance with regulations. the President for his assent. In a letter to Governor Urjit Patel, Reserve Bank of India In April, the Union Home Ministry suggested modifica- Officers’ Association said the move to induct a CFO came tions to the Bill and returned it to the State. It wanted the as an “unpleasant shock” as they were not clear about government to modify or omit the phrase “subject to such the intended purpose for the move. other conditions as may be prescribed”, which would ‘Not clear’ open the window for inclusion of more such sports. “The rationale behind recruiting a CFO in the rank of an ED is not at all clear. RBI has been set up through an act of the Parliament and there is no statutory requirement Centre may partially lift AFSPA of having a CFO,” according to the letter, a copy of which The Centre is considering partial removal of the Armed was reviewed by The Hindu. Forces (Special Powers) Act (AFSPA) from Assam and “Further, we are not governed by the companies act and Arunachal Pradesh, a senior Home Ministry official said. therefore, there is no legal requirement of having a CFO.” The Ministry has asked the two BJP-ruled States for their The officers’ association argued that since no account- views on AFSPA withdrawal and said that it was open to ing standards strictly applied to a central bank, it was not reviewing the stringent law in other States like Manipur. clear why the central bank should have a CFO. There was no proposal to withdraw it in Jammu and By having a CFO, RBI is gradually opening doors for the Kashmir, the official said. “We are waiting for the State Government to have a say in its internal matters since, governments’ comments and will take the final decision “from control perspective, if anyone has a right to appoint once they reply. In Arunachal Pradesh, we are looking an independent CFO in RBI, it is the Government of In- at complete withdrawal, except two districts in the east dia,” according to the letter. bordering Myanmar and Nagaland,” Kiren Rijiju, Minister This is not the first time that the central bank’s move to of State for Home told The Hindu. have an outsider is facing resistance. Mr. Patel’s prede- The AFSPA gives powers to the Army and Central forces cessor, Raghuram Rajan’s proposal to induct a chief op- deployed in “disturbed areas” to kill anyone acting in con- erating officer with the rank of a deputy governor, also travention of law, arrest and search any premises without faced opposition and the plan was finally shelved. a warrant and provide cover to forces from prosecution The officers’ body has also questioned the need to in- and legal suits without the Centre’s sanction. It is effec- duct the CFO from outside as there is enough staff within tive in the whole of Nagaland, Assam, Manipur (exclud- the organisation with the required skill set. “We strongly ing the seven Assembly constituencies of Imphal). In feel that the skill sets required for a CFO are adequately Arunachal Pradesh, it is in force in 16 police stations and available in the bank (e.g. there are several chartered ac- in Tirap, Longding and Changlangaspirantforum.com districts bordering As- countants in the bank) in its existing experienced senior sam. Tripura withdrew AFSPA in 2015. It is not in force in level staff,” the letter said, adding that recent experiments Meghalaya (except 20 kilometre area along Assam bor- on lateral hires have not met the objectives of the central der) and Mizoram. bank. Vol. 35 July 2017 35 July Vol. On-off recruitment Visit Aspirantforum.com for guidance and study material for IAS Exam. aspirantforum.com Hindu and PIB Crux Vol. 35 News and Events of July 2017 The officers have also reminded the governor that three Mr. Divan, along with advocate Vipin Nair, retorted, but years ago when they were opposing lateral recruitment of later told the court that he would make mention before an officer in the ‘F’ grade in one of the research depart- the Chief Justice next week for an Aadhaar Bench. ments of the bank, the then governor assured the United The hearing started with Justice Chelameswar enquir- Forum of Reserve Bank Officers and Employees that the ing why the court had not heard the main plea on the recruitment was one-off. constitutionality of Aadhaar despite a Bench led by him, “Today, our association and the members feel betrayed way back in 2015, having referred this for hearing by a as the commitment has not been honoured,” according Constitution Bench. to the letter. A three-judge Bench led by Justice Chelameswar had Requesting the proposal to induct the CFO to be kept in on October 7, 2015 referred to a Constitution Bench the abeyance, the officers’ association sought a meeting with question whether a person can voluntarily shed his right Mr. Patel to discuss the issue. An e-mail sent to the RBI to privacy by enrolling for Aadhaar to easily access gov- spokesperson went unanswered. ernment welfare services. However, the court also took note of the Aadhaar Act giv- NGT questions pollution control board ing the scheme statutory status.
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