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Current Affairs for IAS Exams - 08 November 2014
Current Affairs for IAS Exams - 08 November 2014
National
Supreme Court sets aside order directing caste census
• The Supreme Court has set aside two orders of the Madras 
High Court, directing the Centre to conduct a caste-based census, holding that 
it should not have interfered in the domain of policy.
• Endorsing the instruction manual provision that referred to public 
participation in the census as a “true reflection of the national spirit of 
unity in diversity,” the Supreme Court said the High Court, while passing such a 
direction, had “tried to inject the concept of social justice” on its own.
• In its 23-page judgment, a Bench led by Justice Dipak Misra noted that the 
true objective of the Census was building a source of all welfare schemes, and 
not a “mere information-collection” exercise.
• The verdict comes on a special leave petition by the Census Commissioner 
against decisions of the Madras High Court in 2008 and 2010, directing holding 
of caste-wise census in a time-bound manner.
• “The High Court not only travelled beyond the list in the first round of 
litigation but also had really yielded to some kind of emotional perspective, 
possibly paving the adventurous path to innovate. It is legally impermissible,” 
Justice Misra wrote.
• The Supreme Court held that the government policy allowed enumeration of 
members of the Scheduled Castes and the Scheduled Tribes but no other castes. In 
Census 2011, no question on enumeration of other castes had been included.
Persons in news
Robin Raphel
• The U.S. State Department has launched a 
counterintelligence investigation against Robin Raphel (67), a former Assistant 
Secretary of State for South Asia who served in India and Pakistan, and also as 
an advisor on Israel, West Asia and as an analyst for the Central Intelligence 
Agency.
• Her 30-year service as a career diplomat, followed by five years as a top 
advisor to the State Department on Pakistan was brought to an abrupt end last 
month when her security clearances were revoked, her home in Northwest 
Washington DC was searched by officials, and she was placed on administrative 
leave after her contract with the federal agency was allowed to lapse.
• Ms. Raphel, a former Ambassador to Tunisia, was a controversial figure in 
India, where during her time as political counsellor since 1991 she described 
the state of Jammu and Kashmir as a “disputed territory,” and called for the 
dispute there to be resolved as per the wishes of the Kashmiri people.
• Although the Federal Bureau of Investigation and the Department of Justice 
declined to comment on the investigation State Department Spokesperson Jen Psaki 
said, “We are aware of this law enforcement matter,” adding, “Ms. Raphel’s 
appointment expired; she is no longer a State Department employee.”
• Calls and messages to mobile and landline phone numbers of Ms. Raphel were not 
answered and numerous individuals who said that they knew her or her family 
personally declined to comment for this story.
Keith Vaz is ‘Labour MP of the Year’ (Register and Login to read Full News..)
International
United Nation resolution aims to improve journalists’ safety
• Nearly 50 countries are co-sponsoring a U.N. resolution 
that condemns attacks against journalists and the failure to punish those 
responsible for killing, torturing, kidnapping and arbitrarily arresting media 
workers.
• The draft General Assembly resolution circulated urges the 193 U.N. member 
states “to do their utmost to prevent violence, threats and attacks” against the 
media. It calls for speedy and independent investigations of alleged attacks and 
prosecution of alleged perpetrators and those who aid them or cover up their 
crimes.
• The draft also urges the immediate release of members of the media who have 
been taken hostage and are victims of “enforced disappearances.”
• It expresses deep concern at the increased number of journalists and media 
workers who have been killed in recent years “as a direct result of their 
profession.” It stresses that “impunity for attacks against journalists remains 
one of the biggest challenges to the safety of journalists.”
• According to the Committee to Protect Journalists, 42 journalists have been 
killed so far in 2014 while 211 were imprisoned in 2013 and 456 have been exiled 
since 2008.
• The draft resolution must first be approved by the General Assembly’s human 
rights committee and then by the assembly itself.
• Unlike Security Council resolutions, General Assembly resolutions are not 
legally binding but if adopted they do reflect world opinion.
Nuclear Reactors to reactivate in Japan
• The Governor of Japan’s Kagoshima prefecture approved the 
reactivation of two nuclear reactors at the Sendai plant.
• Sendai was the first plant in Japan on which new regulations were imposed by 
Japan’s Nuclear Regulation Authority after the accident at the Fukushima plant 
triggered by an earthquake and tsunami on March 11, 2011.
• The plant is expected to start its commercial activities from 2015 after the 
NRA completes its last security reviews in Sendai.
• The approval granted is almost the final step for the reactivation of the 
power stations, whose 48 commercial-use reactors are non-functional until they 
adopt the NRA norms.
India& Bhutan agree to collaborate on Nalanda University
• India and Bhutan agreed to collaborate on the “noble 
objectives” of the establishment of Nalanda University in Bihar to develop the 
institution as an international centre of excellence.
• The two sides signed a memorandum of understanding (MoU) in this regard in 
Thimphu after President Pranab Mukherjee held talks with Bhutanese King Jigme 
Khesar Namgyel Wangchuck.
• According to the MoU, signed by Foreign Secretary Sujatha Singh and her 
Bhutanese counterpart Yeshey Dorji, Nalanda University will be located at Rajgir 
in Bihar and will have the power to confer degrees, diplomas and certificates.
• The MoU says the objectives and functions of the university include the 
establishment “of an international institution of learning that will bring 
together the brightest and the most dedicated students from all countries 
irrespective of gender, caste, creed, disability, ethnicity or socioeconomic 
background.”
• According to the MoU, India will provide visa to students, faculty and staff 
for travel to India to study or work in the university.
Nikki Haley to visit India to lure jobs & promote tourism (Register and Login to read Full News..)
Sports
No minor boxer put through pregnancy test, says SAI
• A livid Sports Authority of India rejected reports that 
minor boxers were subjected to pregnancy tests in a camp for the World 
Championships this month, saying that the squad does not have a single under-18 
in its ranks.
• “The minimum eligibility age for participation in the World Championship is 
19. So where does the question of testing the minors arise,” SAI Director 
General Jiji Thomson said, adding the youngest member of the squad was born in 
1994.
• Media reports had alleged that Boxing India forced the boxers participating in 
the World Championship, scheduled in Jeju Islands, South Korea from November 13, 
to undergo a pregnancy test and also went on to claim that some of those tested 
were minors.
• The World Boxing body (AIBA) has made it mandatory for all boxers 
participating in the World Championship to submit a non-pregnant certificate 
from a qualified medical professional before the weigh-in for the event.
• “Boxing India had conducted the test on the players selected for the world 
championship through SAI doctors after a formal request from the players and 
their coaches as the very purpose of conducting such a test is to ensure that 
there is no untoward incident of pre-natal death,” Thomson stated.
• “We were only following the guidelines of AIBA on the request of Boxing India 
and the players. Reports of minors being tested are incorrect and have no 
factual basis to them.
Science & technology
Comet flyby caused intense meteor shower on red planet: NASA
• NASA said comet Siding Spring, which buzzed past Mars on 
October 19, caused an intense meteor shower and added a new layer of ions, or 
charged particles, to the ionosphere.
• The effect of the comet on the Martian atmosphere was detected by two NASA 
spacecraft, including the MAVEN mission and a European spacecraft.
• The ionosphere is an electrically charged region in the atmosphere that 
extends about 120 kilometres to several hundred kilometres above the Martian 
surface.
• Using the observations, scientists were able to make a direct connection 
between the debris from the meteor shower to the subsequent formation of the 
transient layer of ions - the first time such an event has been observed on any 
planet, including Earth, said the MAVEN research team.
• “They call this comet encounter an once-in-a-lifetime event, but it is more 
like once-in-a-million years,” said Nick Schneider, scientist with the MAVEN 
mission and associate professor at the University of Colorado, Boulder.
• “The numbers suggest a Martian would have seen many thousands of shooting 
stars per hour - possibly enough to be called a meteor storm - so it must have 
been a spectacular event that night on Mars,” Dr. Schneider added.
• The comet travelled from the most distant region of the solar system called 
the Oort Cloud and made an approach within 139,500 kilometres of the Red Planet.
Exclusive drug controller to test Ayurvedic drugs: Health minister
• India will soon have an exclusive drug control department 
to facilitate testing of Ayurvedic drugs, Health Minister Harsh Vardhan said.
• The department will look after research and development, monitor quality 
control and standardise the manufacturing of medicinal products of Ayurveda and 
other traditional Indian treatment systems, the health minister announced at the 
inauguration of the Arogya Expo organised alongside the 6th World Ayurveda 
Congress in New Delhi.
• He said that under the newly-created AYUSH (Ayurveda, Yoga and Naturopathy, 
Unani, Siddha and Homeopathy) mission, the government would provide funding 
support to states wanting to set up manufacturing facilities and would create 
manpower for the traditional medicine industry.
• “The chief objective of the mission is to encourage integration of AYUSH with 
modern medicine and create a holistic healthcare system that can be emulated 
globally and which will achieve the universal goal of health for all,” he said.
• Harsh Vardhan said the government, which has allocated Rs. 5,000 crore to the 
AYUSH Mission in 12th five-year plan, is keen to partner with states in creating 
state-of-the-art research and development facilities, drug testing laboratories 
and herbal gardens that will help meet growing industry and market demand for 
quality raw material and products.
• “People across the world are talking about integration and holistic 
development. Yoga will be one of the greatest healers of the 21st century. That 
is the reason we have established the AYUSH mission,” he said, adding: “We are 
trying to promote all Indian systems of medicine on a big scale.”
New drug molecules offer hope in treatment of CML (Register and Login to read Full News..)
Business & economy
India’s inflation has a ‘Long way’ to go before it eases: H.R Khan
• India’s inflation has a ‘long way’ to go before it eases 
because of high input costs, while the reasons for elevated food price inflation 
remain ‘structural’, Reserve Bank of India Deputy Governor H. R. Khan said.
• Dr. Khan, in a speech here, also noted rural inflation was high because of 
supply chain issues.
• The markets have been pricing in an early rate cut from the RBI after consumer 
prices-led inflation slowed to 6.46 per cent in September, its lowest since the 
series was started in January, 2012.
• Dr. Khan also warned against too much complacency in markets, but he did not 
elaborate. Expectations for earlier-than-expected rate cuts, the stability in 
the rupee and hopes about Prime Minister Narendra Modi’s reform drive have been 
among the reasons for a rally in domestic markets this year.
Coal India to produce 1 billion tonnes in next 5 years: Goyal
• State-miner Coal India (CIL) is looking to double its 
production to a billion tonnes in the next five years, Power and Coal Minister 
Piyush Goyal said.
• “I see Coal India production doubling in the next five years. It makes about 
500 million tonnes hopefully this year. We’ll do a billion tonnes in 2019,” Mr. 
Goyal said at the India Economic Summit.
• Mr. Goyal, who is also minister for New and Renewable Energy (MNRE), said a 
“huge investment opportunity” of nearly $250 billion beckons in the energy 
sector over the next four to five years, including $100 billion in renewables 
and $50 billion in transmission and distribution.
• “I see investments also coming into wind (energy) with the re-introduction of 
the fiscal benefits that were earlier available,” he said.
• “This government is sincere in giving power to all and this government will 
protect investments as we go forward,” the minister added.
• Emphasising that renewable sources of energy are one of the thrust areas of 
the government, Mr. Goyal said his ministry was taking measures to ensure that 
solar power generation would touch 100 GW by 2019.
FDI in construction, Govt is expected to issue clarifications soon
• After recently liberalising foreign direct investment norms 
for construction development sector, the government is expected to soon come out 
with some clarifications on the rules of the policy.
• “We will issue clarification on FDI in construction shortly...it would be out 
in next 2—3 days,” Secretary in the Department of Industrial Policy and 
Promotion (DIPP) Amitabh Kant said on the sidelines of India Economic Summit.
• On October 29, the Union Cabinet relaxed rules for FDI in the construction 
sector by reducing minimum built—up area as well as capital requirement and 
eased the exit norms to boost to cash—starved real estate industry.
• In view of depleting FDI inflow in construction and real estate sector in last 
couple of years, the Cabinet decided to reduce the minimum floor area to 20,000 
sq mt from the earlier 50,000 sq mt. It also brought down the minimum capital 
requirement to USD 5 million from USD 10 million.
• In case of development of serviced plots, the condition of minimum land of 10 
hectares has been completely removed.
• It also permitted foreign investors to exit on project completion or 3 years 
from the date of final investment subject to the development of trunk 
infrastructure.
• The government had said that the relaxation was necessary as FDI inflows in 
the sector, which witnessed a steady rise during 2006—07 and 2009—10, have 
started declining.
Indian Rupee ends almost flat at 61.41 against US dollar
• The Indian rupee ended almost flat at 61.41 against the 
Greenback on alternate bouts of buying and selling.
• Despite a strong start, the rupee erased all its morning gains during 
intra-day due to sharp bouts of dollar demand from importers. However, it fell 
later before recouping losses to close almost flat at 61.41 on the back of fresh 
dollar selling from banks and exporters.
• Sustained capital inflows into equities also helped the rupee to cap the fall 
to some extend, dealers said.
• At the Interbank Foreign Exchange market (Forex), the domestic unit commenced 
higher at 61.35 a dollar from previous close of 61.40. It moved in a range of 
61.34 and 61.49 before settling at 61.41, showing a marginal fall of one paise.
• Meanwhile, US dollar continued its strong rallying momentum against a basket 
of currencies in late Asian session trade in the wake of Republican wins during 
the mid-term elections as well as steady improvement in US data.
• The benchmark Sensex conquered yet another milestone of 28,000 for the first 
time briefly before concluding at a new closing peak of 27,915.88, a rise of 
55.50 points of 0.20 per cent.
• In the forwards market, premium continued to fall on sustained receipts from 
exporters.
• The benchmark six-month premium payable in April declined to 218-220 paise 
from previous close of 226.5-228.5 paise.
Syndicate Bank net drops 33% in Q2
• Syndicate Bank saw its net profit plunge 33 per cent in the 
second quarter of the current financial year. The total income, however, rose by 
a little over 17 per cent.
• According to the results, the net profit was Rs.315.60 crore as against 
Rs.470.12 crore posted during the corresponding period of 2013-14.
• The decline happened on the back of higher provisions and contingencies at 
Rs.537.79 crore (Rs.339.96 crore). The global net interest margin dropped to 
2.57 per cent (2.90 per cent), while the domestic NIM came down to 2.96 per cent 
(3.38 per cent).
• The total income, at nearly Rs.5,681 crore (Rs.4,850.35 crore), was boosted by 
the 58 per cent surge in other income. From Rs.276.39 crore in the second 
quarter of previous fiscal, other income soared to Rs.436.95 crore in the period 
under review.
• The net NPA (non-performing asset) ratio increased to 2.20 per cent (1.66 per 
cent), while the gross NPA ratio was 3.43 per cent (2.88 per cent). The 
provision coverage ratio stood at 65.38 per cent (70.58 per cent).
• The bank, in a press release, said towards accelerate recovery of NPAs it had 
conducted two Bruhat Synd Adalats during the current fiscal. It proposes to 
conduct such adalats across the country on November 18.
Telecom industry needs more spectrum for growth: Sunil Mittal (Register and Login to read Full News..)
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Sources: Various News Papers & PIB
        