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Lecture

1- Quote

2- Editorials

3- Current Affair Q

4- Subjective Q

5-Vocabulary

6- Maps Practice

7- Capital & Currency

8-News Analysis

9-Revision



VeeR Talyan

@247veer


COIMBATORE Edition of The Hindu

Caliphate- खलीफा-Raqqa

Telecast beheadings and mass shootings, is now absent


A •first step

With the introduction of a new financial instrument, India is a step closer to building a vibrant market

for commodities(माल)- Raw material or primary agricultural product

Success in the long journey, however, will require avoiding some policy mistakes of the past.

Multi Commodity Exchange has introduced gold option contracts for the first time in India.

Allows investors to enter into contracts to either buy or sell gold some time in the future at a pre-

determined price.

Gold options will also help bring into formal channels more of the gold that is traded.

Trading volumes, satisfy rules set by SEBI.

Apart from the standardised derivatives approved by SEBI for trading in exchanges, a framework that

promotes over the-counter products will help improve the scope for risk mitigation.

The debut of gold options should be seen as a step towards greater reforms.




Commodities


EGoM and GoM Both EGoM as well as the GoM get appointed under the Government of India‟s Transaction of

Business Rules 1961

Empowered Group of Ministers (EGoM) is a Group of Ministers (GoM) of the Union

Government who, after being appointed by the Cabinet, a Cabinet Committee or the Prime

Minister for investigating and reporting on such matters as may be specified, are also authorised

(empowered) by the appointing authority to take decisions in such matters after investigation.

While a GoM investigates and reports to the Cabinet, which takes the decision

As part of empowering the Ministries and Departments, PM on 31 May 2014 decided to

abolish all the existing 9 EGoMs and 21 GoMs.

Expected to expedite process of decision making and usher in greater accountability in the system.

The issues pending before the EGoMs and GoMs will be processed by respective Ministries

/Departments to take appropriate decisions at the level of Ministries and Departments itself.

Wherever the Ministries face any difficulties, the Cabinet Secretariat and the Prime Minister‟s Office

will facilitate the decision making process.



„Minimum government, maximum governance’ promise.

Nearly 100 such groups had been set up by the Congress-led United Progressive Alliance

(UPA) during its 10-year tenure

After all, the Atal BihariVajpayee government also used such groups as well as the Cabinet

Committee on Disinvestment to push through some of its biggest decisions.

Goods and Services Tax (GST) Council has also formed two GoMs and several committees

of officials to resolve the hurdles that have come up so far in the new indirect tax system

Late September, Mr. Modi reconstituted the Economic Advisory Council to Prime Minister

(EAC), another institution suspended since May 2014, amidst a growing debate on the government‟s

alleged mishandling of the economy.

To go before the Lok Sabha elections, the challenge for the Council is to bring something to the table

that can possibly push a quick enough revival of the economy, and perhaps suggest a course

correction for reforms such as the GST that seem to be inhibiting industrial activity.


Back to the future


•First meeting this month, the EAC agreed there is a slowdown underway, but didn‟t reveal

the reasons behind it nor gave a diagnosis of how deep-rooted the problem may be.

It would be instructive to know how the Council views the need for transparency and clear

communication while governing the economy.


Continue…

A separate peaceAshley Tellis’s 91-page essay ‘Are India-Pakistan Peace

Talks Worth a Damn?

U.S. President Donald Trump is unlikely to help India and, even if

he tries, it could actually make matters worse

“Even if satisfactory solutions could be devised,” Mr. Tellis argues,

the Pakistan army will not accept them “if the end result dethrones

the military from its privileged power in and over the state.”

Preserves the internal hegemony of the Pakistan Army.

It won‟t want to give this up.Only two countries that could persuade Pakistan to change its attitude to India are China and the U.S.

However, given China‟s geopolitical rivalry with India, Mr. Tellis says “it is highly unlikely that Beijing will

ever press Rawalpindi to terminate its terrorism against New Delhi.”

In America‟s case, Washington‟s dependence on Pakistan makes it unlikely that it will apply real

pressure.

•Kerala Hindu Places of Public Worship

(Authorisation of Entry) Act, 1965.

•Obstruction to women‟s entry on the

ground of menstruation

•Supreme Court of India has repeatedly

struck down discriminatory religious

practices, the latest of which is triple talaq

(in Shayara Bano v. Union of India, 2017).

•Clearly offends the equality

•Woman‟s right against discrimination

guaranteed under Article 15(1)

•Curtails her religious freedom assured by

Article 25(1)

•B.R. Ambedkar

•S.R. Bommai (1994), the Supreme Court

said that “secularism operates as a bridge”

“Sabarimala women entry case” has been

referred to a 5-member Constitution Bench

This case has, in effect, become somewhat like

the celebrated Kesavananda Bharati case

(1973)- „Basic Structure‟

Case- Constitutional and Cultural dimensions

The deity has certain rights which the courts

are bound to uphold(कायम रखना).

Lakhs of women congregate( एकत्रित होना) in

Sabarimala every year.

There is only one caveat: they should not be

between 10 and 50 because of the specific

nature of the prathishta (idol)

Let us respect these diversities as India is the

land of pluralism and multiple paths to the

divine reality.

In any civilised society, gender equality is

to be treated as one of the core values

Other core values of our democracy and

Indic civilisation are respect for diversity

among the enormous range of communities

matters of faith, cultural practices, value

systems, dress codes.

You are free to opt for the devata or devi

that suits your taste

it is not to suggest that Hindu faith

traditions are writ in stone and unchanging.

That is how we have countless rewritings

of Ramayanas in different ages with each

interpreting Ram in its own way

While delivering its judgment, the SC

should keep in mind that none among the

devotees of Sabarimala have come to court

demanding changed rules.


Not bounty(इनाम) but property(संपत्ति) Updating the Payment of Gratuity(उपहार) Act

Justice P.B. Gajendragadkar of the Supreme Court once aptly described the obligation of employer.

Thus, Payment of Gratuity Act, 1972

Gratuity law provides social security to workmen after retirement, no matter whether this

retirement was a result of the rules of superannuation, or physical disablement, or impairment

of a vital part of the body.

Justice V.R. Krishna Iyer, held that “gratuity for a worker is no longer a gift but a right”.

Upgradation was in September when the Union Cabinet gave its approval for the introduction of the

Payment of Gratuity (Amendment) Bill of 2017 in Parliament.

Bill doubles the ceiling of tax-free gratuity to ₹20 lakh

2017 amendment proposes to increase- ₹10 lakh on the gratuity amount was introduced in a

2010 amendment.

Before that- maximum amount of gratuity was ₹3.5 lakh

Seventh Central Pay Commission, ceiling was doubled to ₹20 lakh with effect from January 1, 2016.



News Analysis…Page-1-

Air quality nosedives in spite of a quieter Deepavali

Smog and pollution touch toxic highs as weather system prevents dispersal of particulate matter in

several cities



Two bird varieties sighted


Page-1-


Online purchases bring business to India Post

With consumers making more online purchases during the festival season, Postal Department saw a

jump in the e-commerce packets it handled in the western region this year.


Page-2-


New species of large gecko

discovered

8-inch lizard found in Eastern Ghats

The Kanger valley rock gecko

Hemidactylus kangerensis is

the newest addition to India‟s lizard

species.


Page-5-



Page-9-


Land for Taj Mahal was forcibly

acquired: Swamy

BJP leader claims he has proof to show

Shah Jahan took it from the Jaipur kings

Bharatiya Janata Party leader

Subramanian Swamy on Wednesday

said he has access to documents that

suggest the property where Taj

Mahal was built was acquired by

Mughal emperor Shah Jahan from the

kings of Jaipur


Page-10-


‘India, Pakistan are both important to U.S. policy’

Tillerson says both are part of its approach on South

Asia

India and the U.S. are “two bookends of stability — on

either side of the globe” and the “emerging Delhi-

Washington strategic partnership” has the potential to

anchor the rules-based world order for the next

hundred years, Secretary of State Rex Tillerson has said.


Page-11-


MPC minutes spotlight risks to

inflation; signal RBI may stay on ‘hold’

Monetary panel to meet in December

A majority of the members of the Reserve

Bank of India‟s (RBI) monetary policy

committee, which met on October 3-4,

flagged an increase in inflation risks, according

to the minutes of the meeting released by the

RBI on Wednesday.

The central bank held its key policy interest

rate at 6%.

The MPC had voted 5-1 to leave the repo

rate unchanged at 6%,


Page-12-


Last Day- Q’s- Ans… Article- 20 & 21- Can't be suspended in any circumstances- Emergency Time 1975.

Rajya Sabha- Upper House of our country is chaired by Ex- Officio Vice President.

Chairperson of Rajya Sabha-Vice President

Darjeeling Himalyan Railway (DHR)- Toy Train- UNESCO world heritage site on- 1999.

It was the 1st Mountain Railway of India, which included in UNESCO world heritage site.

International Organisation for Migration (IOM)

It provides services & advice concerning migration to Government & migrants.

Establishment- 1951- HQ- Geneva, Switzerland

Ministry of AYUSH (India) created on 9th of November, 2014.

Previously- It came under- Ministry of Health & Family Welfare.

11th Fundamental Duty was added- 86th Constitution Amendment Act, 2002.

Every Citizen of India- who is a parent or guardian, to provide opportunities for education to his/her child or, as the case

may be, ward between age of 6 & 14 years.


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