Gender Budgeting
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What is Gender Budgeting?
* It is an attempt to scrutinize the budget from the gender lens and bring out the gender differential impact.
* In Gender Budgeting, “Gender” means women and her empowerment.
* Gender budgeting is used as a tool for effective policy implementation where one can check if the allocations are in line with policy commitments and are having the desired impact
Gender budget is not:
* A separate budget.
* About spending the same on women and men.
* Just about assessing programmes targeted specifically at women and girls.
* Confined to budgets alone. It covers analysing various economic policies from the gender perspective.
Why is gender budgeting necessary?
* The achievement of human development is highly dependent on the development and empowerment of the 496 million women and girls. In addition, the Constitution of India has mandated equality for every citizen of the country as a fundamental right.
* Nevertheless, the reality is that women in India continue to face disparities in access to and control over resources. These disparities are reflected in indicators of health, nutrition, literacy, educational attainments, skill levels, occupational status among others.
* The poor status and value attached to women is also reflected in the fact that the female sex ratio for the 0-6 age group declined from an already low 945 in 1991 to 927 in 2001, implying that millions of girls went missing in just a decade. There are a number of gender-specific barriers which prevent women and girls from gaining access to their rightful share.
* Unless these barriers are addressed in the planning and development process, the fruits of economic growth are likely to completely bypass a significant section of the country’s population. This, in turn, does not augur well for the future growth of the economy.
What are the issues in Gender Budgeting adopted by India?
* Total magnitude of Gender Budget is very low.
* Focus has been mainly on identifying programmes/schemes meant entirely for women or having visible components that benefit women.
* Very little information is available in the public domain as regards the assumptions made by various ministries in the reviews of their expenditure profiles from a gender perspective.
* Many misleading and patriarchal assumptions limit the scope of Gender Budgeting.
* Sectors such as Water Supply, Sanitation, and Food & Public Distribution still remain outside the purview of the GB Statement.
* Large schemes do not figure yet in the Gender Budgeting Statement.
What needs to be done to make gender budgeting more effective?
* Gender budgeting should be fully incorporated into standard budget processes so that it becomes fully institutionalized. Otherwise, even initiatives adopted with enthusiasm may not be sustained. Some elements of gender budgeting, such as an analysis of benefits or tax incidence, may require periodic special efforts.
* It should address specific goals, such as reducing inequality in educational attainment, that have clear benefits and can be measured even with somewhat crude tools and data.
* It should draw on civil society for support and assistance with the more research-oriented aspects, and should apply to subnational levels of government where relevant. It should cover both spending and revenue.
* It should not be a rule set specific goals for spending on women-related objectives because this tends to reduce flexibility, making the budget process less effective.
Related Questions:
1. Women empowerment in India needs gender budgeting. What are requirements and status of gender budgeting in the Indian context? (UPSC Mains 2016)
------------------------
What is Gender Budgeting?
* It is an attempt to scrutinize the budget from the gender lens and bring out the gender differential impact.
* In Gender Budgeting, “Gender” means women and her empowerment.
* Gender budgeting is used as a tool for effective policy implementation where one can check if the allocations are in line with policy commitments and are having the desired impact
Gender budget is not:
* A separate budget.
* About spending the same on women and men.
* Just about assessing programmes targeted specifically at women and girls.
* Confined to budgets alone. It covers analysing various economic policies from the gender perspective.
Why is gender budgeting necessary?
* The achievement of human development is highly dependent on the development and empowerment of the 496 million women and girls. In addition, the Constitution of India has mandated equality for every citizen of the country as a fundamental right.
* Nevertheless, the reality is that women in India continue to face disparities in access to and control over resources. These disparities are reflected in indicators of health, nutrition, literacy, educational attainments, skill levels, occupational status among others.
* The poor status and value attached to women is also reflected in the fact that the female sex ratio for the 0-6 age group declined from an already low 945 in 1991 to 927 in 2001, implying that millions of girls went missing in just a decade. There are a number of gender-specific barriers which prevent women and girls from gaining access to their rightful share.
* Unless these barriers are addressed in the planning and development process, the fruits of economic growth are likely to completely bypass a significant section of the country’s population. This, in turn, does not augur well for the future growth of the economy.
What are the issues in Gender Budgeting adopted by India?
* Total magnitude of Gender Budget is very low.
* Focus has been mainly on identifying programmes/schemes meant entirely for women or having visible components that benefit women.
* Very little information is available in the public domain as regards the assumptions made by various ministries in the reviews of their expenditure profiles from a gender perspective.
* Many misleading and patriarchal assumptions limit the scope of Gender Budgeting.
* Sectors such as Water Supply, Sanitation, and Food & Public Distribution still remain outside the purview of the GB Statement.
* Large schemes do not figure yet in the Gender Budgeting Statement.
What needs to be done to make gender budgeting more effective?
* Gender budgeting should be fully incorporated into standard budget processes so that it becomes fully institutionalized. Otherwise, even initiatives adopted with enthusiasm may not be sustained. Some elements of gender budgeting, such as an analysis of benefits or tax incidence, may require periodic special efforts.
* It should address specific goals, such as reducing inequality in educational attainment, that have clear benefits and can be measured even with somewhat crude tools and data.
* It should draw on civil society for support and assistance with the more research-oriented aspects, and should apply to subnational levels of government where relevant. It should cover both spending and revenue.
* It should not be a rule set specific goals for spending on women-related objectives because this tends to reduce flexibility, making the budget process less effective.
Related Questions:
1. Women empowerment in India needs gender budgeting. What are requirements and status of gender budgeting in the Indian context? (UPSC Mains 2016)
Examine the difference between “multi-stakeholder” and “multilateral” models of discussion to decide the future of issues such as global internet governance and net neutrality. Also critically comment on India‘s position on the issue of global internet governance. (200 Words)
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India to join Global Foreign Exchange Committee
India will soon join Global Foreign Exchange Committee (GFXC), a newly-constituted forum of central bankers and experts working towards promotion of a robust and transparent foreign exchange (Forex) market. The committee has been set up under guidance of the Bank for International Settlements (BIS), an international financial organisation.
About Global Foreign Exchange Committee (GFXC) The GFXC was established in London during a meeting in May 2017 of public and private sector representatives from the foreign exchange committees (FXCs) of 16 international forex trading centres. The newly expanded and formalised GFXC, replaces a similar but more informal organisation of eight FXCs from Australia, Euro area, Canada, Hong Kong, Japan, Singapore, UK and US. It will now also include representatives from existing, or soon to be established FXCs or similar structures in China, India, Brazil, Korea, Mexico, South Africa, Sweden and Switzerland.
The objectives GFXC: (i) Promote collaboration and communication among the local FXCs and non-GFXC jurisdictions with significant FX markets (ii) Exchange views on trends and developments in global FX markets, including on the structure and functioning of those markets, drawing on information gathered at the various FXCs; (iii) Promote, maintain and update on a regular basis the FX Global Code (the Code) and consider good practices regarding effective mechanisms to support adherence. It will also maintain and update ‘Global Code of Conduct for the Foreign Exchange Markets’ issued by Bank for International Settlements (BIS).
Bank for International Settlements (BIS) BIS is an international financial organisation owned by 60 member central banks, representing countries from around the world including India. It fosters international monetary and financial cooperation and serves as a bank for central banks. It carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. Its headquarter is in Basel, Switzerland.
India to join Global Foreign Exchange Committee
India will soon join Global Foreign Exchange Committee (GFXC), a newly-constituted forum of central bankers and experts working towards promotion of a robust and transparent foreign exchange (Forex) market. The committee has been set up under guidance of the Bank for International Settlements (BIS), an international financial organisation.
About Global Foreign Exchange Committee (GFXC) The GFXC was established in London during a meeting in May 2017 of public and private sector representatives from the foreign exchange committees (FXCs) of 16 international forex trading centres. The newly expanded and formalised GFXC, replaces a similar but more informal organisation of eight FXCs from Australia, Euro area, Canada, Hong Kong, Japan, Singapore, UK and US. It will now also include representatives from existing, or soon to be established FXCs or similar structures in China, India, Brazil, Korea, Mexico, South Africa, Sweden and Switzerland.
The objectives GFXC: (i) Promote collaboration and communication among the local FXCs and non-GFXC jurisdictions with significant FX markets (ii) Exchange views on trends and developments in global FX markets, including on the structure and functioning of those markets, drawing on information gathered at the various FXCs; (iii) Promote, maintain and update on a regular basis the FX Global Code (the Code) and consider good practices regarding effective mechanisms to support adherence. It will also maintain and update ‘Global Code of Conduct for the Foreign Exchange Markets’ issued by Bank for International Settlements (BIS).
Bank for International Settlements (BIS) BIS is an international financial organisation owned by 60 member central banks, representing countries from around the world including India. It fosters international monetary and financial cooperation and serves as a bank for central banks. It carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. Its headquarter is in Basel, Switzerland.
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What is Gi-Fi ?
Gi-Fi or gigabit wireless refers to a wireless communication at a data rate of more than one billion bits (gigabit) per second. By 2004 some trade press used the term "Gi-Fi" to refer to faster versions of the IEEE 802.11 standards marketed under the trademark Wi-Fi. Some press reports called this "GiFi".
This leads to the development of a new technology called
Gi-Fi.
The Gi-Fi technology has faster information rate, low cost for short range transmission and consumes less power. Gi-Fi is developed on an integrated wireless transceiver chip.
What is Gi-Fi ?
Gi-Fi or gigabit wireless refers to a wireless communication at a data rate of more than one billion bits (gigabit) per second. By 2004 some trade press used the term "Gi-Fi" to refer to faster versions of the IEEE 802.11 standards marketed under the trademark Wi-Fi. Some press reports called this "GiFi".
This leads to the development of a new technology called
Gi-Fi.
The Gi-Fi technology has faster information rate, low cost for short range transmission and consumes less power. Gi-Fi is developed on an integrated wireless transceiver chip.
Impact Of GST On Your Household Budget
The tax system in India has seen an overhaul with the launch of Goods and Services Tax (GST) from July 1. The GST, in its making, was met with both inhibitions and excitement. While the country is still debating the impact of the four-structure tax system, some of its benefits have already started to trickle down to the masses.
India now has four tax slabs – 5%, 12%, 18% and 28% and an exempt and additional cesses category. Though GST will impact the budget of everyone differently, depending on their lifestyle patterns, the change in household expense is set to be more or less the same for everyone.
Some household articles have seen a price increase, while the prices of many others have come down. Food products have seen a GST imposition of 0-5%, while toiletries have seen an imposition of 18%. Let us take a look at the overall impact of GST on your basic household expenditure.
The tax system in India has seen an overhaul with the launch of Goods and Services Tax (GST) from July 1. The GST, in its making, was met with both inhibitions and excitement. While the country is still debating the impact of the four-structure tax system, some of its benefits have already started to trickle down to the masses.
India now has four tax slabs – 5%, 12%, 18% and 28% and an exempt and additional cesses category. Though GST will impact the budget of everyone differently, depending on their lifestyle patterns, the change in household expense is set to be more or less the same for everyone.
Some household articles have seen a price increase, while the prices of many others have come down. Food products have seen a GST imposition of 0-5%, while toiletries have seen an imposition of 18%. Let us take a look at the overall impact of GST on your basic household expenditure.
Critically analyse the merits and demerits of Section 7 and 57 of the Aadhaar Bill?
GS-4
1. In the age of social media and information explosion, what role can family play in inculcating values in children? Explain with examples.
2. Means are as important as ends in ethics. Do you agree? Elucidate.
GS-2
1. There has been an impetus on streamlining political funding in India. In this light, discuss the potential of electoral bonds.
1. In the age of social media and information explosion, what role can family play in inculcating values in children? Explain with examples.
2. Means are as important as ends in ethics. Do you agree? Elucidate.
GS-2
1. There has been an impetus on streamlining political funding in India. In this light, discuss the potential of electoral bonds.
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GS-1 (ForumIAS 2017 MGP)
Q.What are Littoral and Swamp forests and where are they found in India? Why they are important for ecological balance? (12.5 Marks/200 Words)
GS-4 (Vision Mains)
Q. The most important challenge in managing the public sector in India is balancing its accountability with autonomy. Discuss with relevant examples. (12.5 Marks/200 Words)
GS-1
Q. How did the entry of Mahatma Gandhi changed the discourse of India's struggle for freedom? Examine.
GS-1
Q. 'Indian Agriculture became a victim of its own success'. Elaborate.
GS-1
Q. The Bengal Famine of 1943 was a man-made holocaust which was the result of the British unsympathetic and ruthless economic agenda imposed on India. Critically Examine.
GS-1
Q. Dr. Rajendra Prasad can be said to be a true maker of Modern India for his contribution to both pre-independence and post-independence India. Elaborate.
GS-1
Q. Examine the distribution of flood prone areas of India. What initiatives can be taken for controlling the menace of floods?
GS-1
Q. What is the strategic and economic significance of India’s islands in the Bay of Bengal and Arabian Sea?
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GS-1 (ForumIAS 2017 MGP)
Q.What are Littoral and Swamp forests and where are they found in India? Why they are important for ecological balance? (12.5 Marks/200 Words)
GS-4 (Vision Mains)
Q. The most important challenge in managing the public sector in India is balancing its accountability with autonomy. Discuss with relevant examples. (12.5 Marks/200 Words)
GS-1
Q. How did the entry of Mahatma Gandhi changed the discourse of India's struggle for freedom? Examine.
GS-1
Q. 'Indian Agriculture became a victim of its own success'. Elaborate.
GS-1
Q. The Bengal Famine of 1943 was a man-made holocaust which was the result of the British unsympathetic and ruthless economic agenda imposed on India. Critically Examine.
GS-1
Q. Dr. Rajendra Prasad can be said to be a true maker of Modern India for his contribution to both pre-independence and post-independence India. Elaborate.
GS-1
Q. Examine the distribution of flood prone areas of India. What initiatives can be taken for controlling the menace of floods?
GS-1
Q. What is the strategic and economic significance of India’s islands in the Bay of Bengal and Arabian Sea?
Sunday sweet. Taste it by your paper.
#KarpathuIAS
Since Independence, India’s relations with the US have gone through three phases. Analyse these phases and critically comment on nature of India’s relationship with the US today. (200 Words)
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Since Independence, India’s relations with the US have gone through three phases. Analyse these phases and critically comment on nature of India’s relationship with the US today. (200 Words)
Historical Background of India-USA relations
India’s relations with the US have gone through three phases.
From 1947 to 1971, India tilted towards the US even as it insisted on non-alignment. Jawaharlal Nehru disdained communism and was on record stating that, at the limit, in a fight, India would side with the Anglo-American democracies.
In the second phase of the relationship, from 1971 to 1989, India tilted the other way, siding with the Soviet Union and against the Anglo-Americans while remaining formally non-aligned.
We are now in the third phase of India-US relations. What is striking about the last 27 years is that India has increasingly tilted towards the US in global strategic terms.
India’s relations with the US have gone through three phases.
From 1947 to 1971, India tilted towards the US even as it insisted on non-alignment. Jawaharlal Nehru disdained communism and was on record stating that, at the limit, in a fight, India would side with the Anglo-American democracies.
In the second phase of the relationship, from 1971 to 1989, India tilted the other way, siding with the Soviet Union and against the Anglo-Americans while remaining formally non-aligned.
We are now in the third phase of India-US relations. What is striking about the last 27 years is that India has increasingly tilted towards the US in global strategic terms.
Totalisation agreement
When employee from one country works in another and ends up paying taxes in both the countries. Totalization helps by eliminating such dual Social Security taxation.
It also helps in filling the gaps in benefit of the protection for the workers who divided their career between two countries by totalisation of the period of contribution in the host country for determining the eligibility for benefits.
When employee from one country works in another and ends up paying taxes in both the countries. Totalization helps by eliminating such dual Social Security taxation.
It also helps in filling the gaps in benefit of the protection for the workers who divided their career between two countries by totalisation of the period of contribution in the host country for determining the eligibility for benefits.
What is FATCA?
The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that requires United States persons, including U.S. citizens who live outside the United States, to report their financial accounts held outside of the U.S., and requires foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. clients
Why is FATCA compliance necessary in India?
India had signed an agreement with the U.S. on July 9, 2015 which enables automatic exchange of financial information between India and the U.S.
The agreement provides that Indian Financial Institutions will provide the necessary information to the Indian tax authority i.e. Central Board of Direct Taxes (CBDT), which information will then be transmitted to the U.S. automatically in the case of FATCA
Which financial transactions need FATCA compliance? The compliance is needed for bank accounts, mutual fund, national pension scheme and other such transactions.
The Foreign Account Tax Compliance Act (FATCA) is a United States federal law that requires United States persons, including U.S. citizens who live outside the United States, to report their financial accounts held outside of the U.S., and requires foreign financial institutions to report to the Internal Revenue Service (IRS) about their U.S. clients
Why is FATCA compliance necessary in India?
India had signed an agreement with the U.S. on July 9, 2015 which enables automatic exchange of financial information between India and the U.S.
The agreement provides that Indian Financial Institutions will provide the necessary information to the Indian tax authority i.e. Central Board of Direct Taxes (CBDT), which information will then be transmitted to the U.S. automatically in the case of FATCA
Which financial transactions need FATCA compliance? The compliance is needed for bank accounts, mutual fund, national pension scheme and other such transactions.
How many types of Pandas exist?
There are two types of Pandas in existence. The giant panda (which is the more popular type) and the red panda. They are both found in southwest China and feed major on bamboo.
The giant panda can attain a height of 4 to 6 feet. It lives in the forests of southwest China, and its diet consists largely of bamboo. The red panda is about 42 inches long, including its tail, and is found in southwest China and in the eastern Himalayas. While it relies on bamboo for most of its sustenance, it also dines on berries, insects and bird eggs. Both types of pandas are endangered.
There are two types of Pandas in existence. The giant panda (which is the more popular type) and the red panda. They are both found in southwest China and feed major on bamboo.
The giant panda can attain a height of 4 to 6 feet. It lives in the forests of southwest China, and its diet consists largely of bamboo. The red panda is about 42 inches long, including its tail, and is found in southwest China and in the eastern Himalayas. While it relies on bamboo for most of its sustenance, it also dines on berries, insects and bird eggs. Both types of pandas are endangered.
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What are the types of SIM ?
There are basically 3 types of SIMs:
Non-programable - cannot be programmed and must be replaced with a new SIM if changing SIM info.
Programable - integrated into the phone, can be reprogrammed, i.e., does not have to be replaced if changing info (also referred to as embedded).
Soft SIM - an application, not a separate piece of hardware, in the phone, it can be programmed.
Soft SIMs are not really deployed yet ,because of security concerns.
What are the types of SIM ?
There are basically 3 types of SIMs:
Non-programable - cannot be programmed and must be replaced with a new SIM if changing SIM info.
Programable - integrated into the phone, can be reprogrammed, i.e., does not have to be replaced if changing info (also referred to as embedded).
Soft SIM - an application, not a separate piece of hardware, in the phone, it can be programmed.
Soft SIMs are not really deployed yet ,because of security concerns.
*Ramanuja** the great Vaishnava theologian who reinvented and revitalised HinduismAnd Martin Luther’s triggering of the Protestant Reformation which fundamentally reshaped ChristianityThis year marks the 1,000th birth anniversary of Ramanuja and the 500th anniversary of Martin Luther’s
Ramanuja’s role in Srirangam Mutt
When he became head of the Srirangam Mutt, Ramanuja inherited a theological tradition that had championed the Pancaratra Agamas
What are Agamas?
The Agamas sanctioned image worship and inclusive temple-based rituals that women and lower caste believers could participate in
Other things done by Ramanuja
He organised the daily pujas and annual festival cycle at the Srirangam Ranganatha temple in line with Agamic normsThis broadened the temple’s constituency to include rising peasant castes and womenRamanuja profoundly reinvented Hinduism in response to societal conditions of the 11th century
What was the Lutheran revolution?
The Lutheran revolution was the idea that Christians should themselves read the Bible rather than have it presented to them by their priests.
Ramanuja’s role in Srirangam Mutt
When he became head of the Srirangam Mutt, Ramanuja inherited a theological tradition that had championed the Pancaratra Agamas
What are Agamas?
The Agamas sanctioned image worship and inclusive temple-based rituals that women and lower caste believers could participate in
Other things done by Ramanuja
He organised the daily pujas and annual festival cycle at the Srirangam Ranganatha temple in line with Agamic normsThis broadened the temple’s constituency to include rising peasant castes and womenRamanuja profoundly reinvented Hinduism in response to societal conditions of the 11th century
What was the Lutheran revolution?
The Lutheran revolution was the idea that Christians should themselves read the Bible rather than have it presented to them by their priests.
#KarpathuIAS
Is the rotation of earth slowing down ?
Yes it is .
due to a transfer of Earth's rotational momentum to the Moon's orbital momentum as tidal friction slows the Earth's rotation. That increase in the Moon's speed is causing it to slowly recede from Earth (about 4 cm per year), increasing its orbital period and the length of a month as well.
To picture what is happening, imagine yourself riding a bicycle on a track built around a Merry-go-Round. You are riding in the same direction that it is turning. If you have a lasso and rope one of the horses, you would gain speed and the Merry-Go-Round would lose some. In this analogy, you and your bike represent the Moon, the Merry-Go-Round is the rotating Earth, and your lasso is gravity. In orbital mechanics, a gain in speed results in a higher orbit.
Is the rotation of earth slowing down ?
Yes it is .
due to a transfer of Earth's rotational momentum to the Moon's orbital momentum as tidal friction slows the Earth's rotation. That increase in the Moon's speed is causing it to slowly recede from Earth (about 4 cm per year), increasing its orbital period and the length of a month as well.
To picture what is happening, imagine yourself riding a bicycle on a track built around a Merry-go-Round. You are riding in the same direction that it is turning. If you have a lasso and rope one of the horses, you would gain speed and the Merry-Go-Round would lose some. In this analogy, you and your bike represent the Moon, the Merry-Go-Round is the rotating Earth, and your lasso is gravity. In orbital mechanics, a gain in speed results in a higher orbit.
#KarpathuIAS
GS-4
Aristotle - the golden mean. Moral behavior is the mean between two extremes - at one end is excess, at the other deficiency. Find a moderate position between those two extremes, and you will be acting morally.
GS-4
Aristotle - the golden mean. Moral behavior is the mean between two extremes - at one end is excess, at the other deficiency. Find a moderate position between those two extremes, and you will be acting morally.
Sagar Island:
Sagar island is an island in the Ganges delta, lying on the continental shelf of Bay of Bengal about 100 km (54 nautical miles) south of Kolkata.This Island under South 24 Parganas District in India State West Bengal. It belongs to the Republic of India and is governed by the State government of West Bengal. The island is large — with an area of 224.3 km², lying between 21°36’ to 21°56’ north latitude and 88°2’ to 88° 11’ east latitude. It has 43 villages and a population of over 160,000. The largest village is also named "Ganga Sagar" or "Gangasagar". Although Sagar island is a part of Sunderban Administration, it does not have any tiger habitation or mangrove forests or small river tributaries as is characteristic of the overall sunderban delta.
Sagar island is an island in the Ganges delta, lying on the continental shelf of Bay of Bengal about 100 km (54 nautical miles) south of Kolkata.This Island under South 24 Parganas District in India State West Bengal. It belongs to the Republic of India and is governed by the State government of West Bengal. The island is large — with an area of 224.3 km², lying between 21°36’ to 21°56’ north latitude and 88°2’ to 88° 11’ east latitude. It has 43 villages and a population of over 160,000. The largest village is also named "Ganga Sagar" or "Gangasagar". Although Sagar island is a part of Sunderban Administration, it does not have any tiger habitation or mangrove forests or small river tributaries as is characteristic of the overall sunderban delta.
Why do various planets appear to be of different colours?
Each planet has a different colour, because of its unique compositions. Mercury is grey. Since this planet has no atmosphere, we see only the dark rocky surfaces with plains, craters and ridges like those on the Moon. Venus is yellowish white due to the thickness of is colourless sulphuric acid clouds. Mars, the red orange planet is covered with a red dust of iron oxide. It has some spectacular features like volcanoes and enormous mountains. Jupiter has white and orange bands. Ammonia clouds cause the white bands, while orange is due to the ammonium hydrosulphide clouds. The north of Saturn is blue and the south, pale yellow. The ring around the planet blocks the Sun's rays from reaching the northern half. Uranus and Neptune appears light blue due to the methane clouds. Neptune is slightly darker blue because of its great distance from the sun. When watched from space Earth appears to be light-blue with white patches of clouds.
Each planet has a different colour, because of its unique compositions. Mercury is grey. Since this planet has no atmosphere, we see only the dark rocky surfaces with plains, craters and ridges like those on the Moon. Venus is yellowish white due to the thickness of is colourless sulphuric acid clouds. Mars, the red orange planet is covered with a red dust of iron oxide. It has some spectacular features like volcanoes and enormous mountains. Jupiter has white and orange bands. Ammonia clouds cause the white bands, while orange is due to the ammonium hydrosulphide clouds. The north of Saturn is blue and the south, pale yellow. The ring around the planet blocks the Sun's rays from reaching the northern half. Uranus and Neptune appears light blue due to the methane clouds. Neptune is slightly darker blue because of its great distance from the sun. When watched from space Earth appears to be light-blue with white patches of clouds.
Happy Monday #KarpathuIAS
17th July 2017
Economic Times
Ø RBI holds back balance sheet for wk ended June 30
Ø Money laundering: Fines on 15 banks struck down
Ø Number of PSU banks set to go down to 12 from 21
Ø HPCL gets on anti-pollution bandwagon, sets aside Rs 61,000 cr to make cleaner fuel
Ø BPCL makes its first US oil purchase, buys Poseidon
Ø Mahindra group to pump in $1 bn in US over next 5 yrs
Ø Jan Dhan deposits surge to Rs 64,564 crore
Ø PE majors, AMCs show interest in GTL Infrastructure
Business Standard
Ø Hero MotoCorp set to be new profit leader after 10 qtrs
Ø Unilever competes with Hormel to buy £2.2-bn Reckitt Benckiser food unit
Ø Yogi govt tells sugar mills to settle Rs 2,500-cr arrears with farmers
Ø Bankruptcy Code: IBBI can initiate probe against insolvency professionals
Ø Trai to discuss tariff floor price with telecom CEOs on July 21
Ø Inox Wind asks NCLT to quash insolvency case over Rs 57 lakh dues
Business Line
Ø GSTN portal to be ready for invoice uploading from July 24
Ø Hindustan Paper units seek ₹900-cr govt aid
Ø SME IPOs catch investors’ fancy; raise Rs. 660 cr in Jan-June
Ø TCS may reduce employee headcount further
Ø Nine of 10 most valued companies add Rs. 67,754 cr in market cap
Mint
Ø GST Council to take stock on Monday
Ø RBI seen going for rate cut in August MPC meeting
Ø RBI may push for resolution of bad loans worth Rs8 trillion by March 2019: study
Ø Essar Oil -Rosneft: Intelligence agencies raise concern over Rs82,000 crore deal
Ø Tech Mahindra to hire over 2,000 people in US this year
Financial Express
Ø Vikram Limaye to join NSE as the new MD and CEO from Monday
Ø Rs 8 lakh crores NPAs may face bankruptcy proceedings by March 2019
Ø Centre makes proposal for states to make their own Aadhaar Acts
Ø IBBI notifies regulations for probe under bankruptcy code
Financial Chronicle
Ø Onus of pulses procurement may go to states
Ø HNIs’ appetite for IPOs grows as most give handsome returns.
17th July 2017
Economic Times
Ø RBI holds back balance sheet for wk ended June 30
Ø Money laundering: Fines on 15 banks struck down
Ø Number of PSU banks set to go down to 12 from 21
Ø HPCL gets on anti-pollution bandwagon, sets aside Rs 61,000 cr to make cleaner fuel
Ø BPCL makes its first US oil purchase, buys Poseidon
Ø Mahindra group to pump in $1 bn in US over next 5 yrs
Ø Jan Dhan deposits surge to Rs 64,564 crore
Ø PE majors, AMCs show interest in GTL Infrastructure
Business Standard
Ø Hero MotoCorp set to be new profit leader after 10 qtrs
Ø Unilever competes with Hormel to buy £2.2-bn Reckitt Benckiser food unit
Ø Yogi govt tells sugar mills to settle Rs 2,500-cr arrears with farmers
Ø Bankruptcy Code: IBBI can initiate probe against insolvency professionals
Ø Trai to discuss tariff floor price with telecom CEOs on July 21
Ø Inox Wind asks NCLT to quash insolvency case over Rs 57 lakh dues
Business Line
Ø GSTN portal to be ready for invoice uploading from July 24
Ø Hindustan Paper units seek ₹900-cr govt aid
Ø SME IPOs catch investors’ fancy; raise Rs. 660 cr in Jan-June
Ø TCS may reduce employee headcount further
Ø Nine of 10 most valued companies add Rs. 67,754 cr in market cap
Mint
Ø GST Council to take stock on Monday
Ø RBI seen going for rate cut in August MPC meeting
Ø RBI may push for resolution of bad loans worth Rs8 trillion by March 2019: study
Ø Essar Oil -Rosneft: Intelligence agencies raise concern over Rs82,000 crore deal
Ø Tech Mahindra to hire over 2,000 people in US this year
Financial Express
Ø Vikram Limaye to join NSE as the new MD and CEO from Monday
Ø Rs 8 lakh crores NPAs may face bankruptcy proceedings by March 2019
Ø Centre makes proposal for states to make their own Aadhaar Acts
Ø IBBI notifies regulations for probe under bankruptcy code
Financial Chronicle
Ø Onus of pulses procurement may go to states
Ø HNIs’ appetite for IPOs grows as most give handsome returns.