Daily Current Affairs - 07-August-2019 (The Hindu, Indian Express, Livemint and Economic Times Newspapers)

Find all the important news articles and editorials from The Hindu, Indian Express, Livemint and Economic Times on our Daily Current Affairs Feed.

Please find the daily current affairs and links to read the articles.

A tale of two UTs: Can division have multiplier effect?

  • Jammu and Kashmir derives a large part of its revenue from tourism and trade of saffron, dry fruit, wool, apples and handicrafts 
  • The government provides benefits on income tax and GST to firms set up in Jammu & Kashmir

Read Livemint article here

Rajya Sabha passes Consumer Protection Bill

Parliament approved a new bill to revamp the process of administration and settlement of consumer disputes, with strict penalties including jail term for adulteration and misleading ads by companies. 

The Consumer Protection Bill 2019, already passed by Lok Sabha, was approved in the Upper House by voice vote and will replace the Consumer Protection Act, 1986.

Read The Hindu article here

Kashmir has been cut to the quick (Editorial)

In the face of a massive security build-up in Kashmir at the close of July, a seasoned journalist conjectured, “This is just the right time when militants and their masters in Rawalpindi could do with a terror attack in Kashmir.” Such were the arguments trotted out by experienced media persons in seeking to account for the extraordinary lock down that had descended on Kashmir throwing its citizens into a panic, with a run on banks, petrol pumps and stores across the Valley. I began receiving phone calls from friends and associates as far as Gopalpora, Mattan and Doabgah and Sopore asking what was happening. My former colleagues in government, some in key positions, had no inkling and made dire predictions.

Read complete Hindu editorial here

Idea of dividing Kashmir has a chequered history

The idea of dividing Jammu and Kashmir into two or more parts has a chequered history, tracing its origin to the Dixon Plan of 1950. 

Owen Dixon, an Australian jurist chosen by the United Nations to mediate between India and Pakistan on the J&K issue, in his report of September 1950, suggested a package, which did not find acceptance from India.

Read complete Hindu editorial here

Poor states need special attention from the next Finance Commission

Increase in tax devolution by the finance commission resulted in the share of general purpose transfers going up significantly, but this was offset by cuts in ‘specific purpose’ transfers

Read Livemint article here

All eyes on RBI today amid growth slump, trade woes, geopolitical tensions

  • RBI seen paring repo rate by 25 bps today, the fourth cut in a row since Das took over as governor in December 
  • The RBI may retain accommodative stance in the August policy

Read Livemint article here

Great expectations: on Surrogacy Bill (Editorial)

Ending commercial surrogacy will not be possible without regulating ART clinics

Read complete article here

E-commerce regulator to hear your complaints

The regulator will not only protect the rights of consumers purchasing goods and services both online and offline, but also have the power to initiate class action against companies including enforcing recalls, refunds and returns.

Read Economic Times article here

IIP base, methodology review in the works

India will review the methodology of estimating its factory output – index of industrial production (IIP) – and identify gaps amid concerns over the credibility of such data in recent past. 

The IIP provides a single representative figure to measure the general level of industrial activity in the economy on a monthly basis. The Ministry of Statistics and Programme Implementation (Mo-SPI) has set up a working group to revise the indicator’s base to 2017-18 from 2011-12 and monitor if global practices are followed in its estimation, said an official.

Read Economic Times article here

China vows to counter U.S. deployment of intermediate-range missiles in Asia

China has already shown “maximum restraint” in developing its arsenal and stuck to its policy that it would not be the first to use a nuclear weapon in a conflict, Mr. Fu said.

Read Hindu article here

The hard realities of India’s fast-track courts (Editorial)

Fast-track courts are in the limelight yet again. Smriti Irani, Minister for Women and Child Development, informed the Rajya Sabha that the government has proposed to set up 1,023 fast-track courts to clear the cases under the Protection of Children from Sexual Offences (POCSO) Act. A few weeks ago, the Supreme Court in a suo motu petition had issued directions, stating that districts with more than 100 cases pending under the POCSO Act need to set up special courts that can deal specifically with these cases.

Read the Hindu article here

China voices Ladakh concern, India says internal affair; Pakistan fears more attacks

China, with which India shares a contested border, said that “the parties concerned should exercise restraint and act with caution, especially to avoid actions that unilaterally change the status quo and exacerbate the tension”.

Read Indian Express article here

1/4 of world’s population faces huge water stress, bulk in India

India is 13th among these 17 countries. India has more than three times the population of the other 16 extremely highly stressed countries combined, the WRI noted.

Read Indian Express article here

US says China manipulates yuan. What does that mean, how is it done?

Currency manipulation happens when governments try to artificially tweak the exchange rate to gain an “unfair” advantage in trade.

Read Indian Express article here

Triple Talaq Bill passage is a transformative point in India’s socio-political context (editorial)

The India of 2019, under PM Modi, is set on a path of reform. The mantra of reform, perform and transform is not only for governance or economy, it extends even to the reforming of society without discrimination or without any reference to vote bank politics.

Read Indian Express article here

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