NATION NEWS
1.Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana and Mizoram to be held in four phases from November 12:-
The Election Commission has announced assembly elections for five states – Chhattisgarh , Madhya Pradesh , Rajasthan , Mizoram and Telangana. Chief Election Commissioner O.P. While announcing this in New Delhi, Rawat said that only Chhattisgarh will have two phases , while in Madhya Pradesh , Mizoram , Rajasthan and Telangana elections will be held in the same phase.
The votes of all the states will be counted on December 11. He said that the Model Code of Conduct has been implemented in all the election states. However , it was implemented from the day the dissolution of the assembly in Telangana. In response to a question, the Chief Election Commissioner said that no pressure has been pressed by the government to declare the election date. .The 18 seats of the 90-seat Chhattisgarh assembly are held in Naxal-affected areas , where on 12th November under the first phase , and in the second phase, for the 72 seats of the state, the votes will be cast on November 20. Voting for 230 seats, Madhya Pradesh assembly and 40 seats of Mizoram assembly will take place on November 28 in the same phase. For the 200-seat Rajasthan assembly and the 119-seat Telangana assembly, elections will be held in a single phase on December 7.
2.Punishment may be on voluntary confession of court outside court:-
In one of its decisions, the Supreme Court has given an important arrangement regarding the confessional statement given out of the court. He says that the confessional statement given outside the court, though there is a weak evidence, but it can be used to punish any person, provided the court is satisfied that the said statement is voluntary. The bench of Justice R Bhanumati and Justice Indira Banerjee gave the above arrangement in a decision. According to the bench, in matters related to confession of outside the court, the court must ensure that the said statement is reliable and confirm other evidence of the prosecution. According to the Supreme Court, “If the court is satisfied that confessions given outside the court are voluntary, then the basis for the punishment can be made.” However, there is no need to confirm this kind of confession of the accused in all cases. According to the Supreme Court, it is an established belief that punishment should be based on voluntary confession, but it is necessary in law to make sure that as far as possible, it should be confirmed by other evidence. The top court has given the above remarks in his decision to uphold the punishment of a former banker convicted by lower courts in Himachal Pradesh.
Under the provisions of the Prevention of Corruption Act and the Indian Penal Code (IPC) by the lower court and the Himachal Pradesh High Court, the convicted banker had approached the Supreme Court seeking relief. He had said in the petition filed in the apex court that he has been punished on the basis of his confessional statement given to two senior officials. His said statement can not be called voluntary. But the Supreme Court did not listen to his arguments and upheld the High Court order. However, the apex court reduced the sentence of former banker’s five-year prison sentence to three years.
3.Unicef’s praise for Modi government for health and hygiene campaigns:-
The Modi government has given special attention to issues like health and cleanliness. From the Central Government, the Ayushman Bharat Scheme has been started in the past, which has benefited millions of people. On the other hand, Swachh Bharat Abhiyan has also seen very positive impact in the field of sanitation. These schemes being run by the Modi government are now being appreciated internationally. UNICEF has praised the Modi government’s schemes for health and cleanliness.
UNICEF’s executive director, Henrieta Four, praised PM Modi for investing in ‘political time and efforts’ in issues such as health and hygiene. He said that people start looking at things that need to be improved when they think their community is doing better. He said, “If you invest a dollar for cleanliness solutions, then in case of health costs, the profit will be four dollars. People will be reduced to doctors, costs will be reduced on medicines. ‘Henrieta came here to participate in a program jointly organized by UNICEF and the National Stock Exchange (NSE). While appreciating PM Modi’s ambitious plan ‘Swachh Bharat Abhiyan’, he said, ‘Prime Minister Narendra Modi invested political time and effort in issues like cleanliness. He dedicated the Swachh Bharat campaign to Mahatma Gandhi, dedicated the countrymen and he was proud of it. Explain that the main hygiene campaign launched by the Prime Minister in 2014 is to clear the roads and infrastructure of cities, towns and rural areas of India. Significantly, Prime Minister Narendra Modi was recently given the highest environmental award ‘Champions of the Earth’ from the United Nations. In a program organized in Delhi, United Nations Secretary-General Gutareson gave this honor.
4.Prime Minister Narendra Modi inaugurated Uttarakhand investor conference in Dehradun:-
Prime Minister Narendra Modi has accused Congress of doing vote bank politics and splitting among the people for the Congress. While addressing a public meeting on the concluding day of Rajasthan Gaurav Yatra in Ajmer in Rajasthan, he said that only those parties who vote for politics of vote bank split even in the bureaucracy , which governs the government.
Prime Minister Modi said: “The votes which the politics of the bank do. They enjoy playing Hindu-Muslim anytime. Sometimes enjoy playing in the past and the past where you get the opportunity to make pieces , where you get the opportunity to create a crack. We are connecting , society every strata , at all levels of society , no terrain is left far behind. This too is not approved by us. ” Mr. Modi, while targeting the opposition, said that these people have insulted the soldiers by questioning the surgical strike.
Surgical Strike was a great feat of the heroes of my country. Has politics pushed you so much down that you have tried to insult the surgical strike before. There was no chance to scuttle the bravery of my brave soldiers.
INTERNATION NEWS
5.What is Trade Deficit? Trade surplus with high levels, with China:-
Trade deficit of India (trade deficit) has reached the highest level of five years ($ 19 billion) in July this year. It is only a one-month figure and it is believed that it will be much more for the entire fiscal year than against the previous year. The direct impact of the trade deficit affects the country’s economic situation, especially on current account, employment generation, growth rate and currency. What is Trade Deficit? What measures have the government taken to reduce it? The difference between import and export is called trade balance. When a country imports more than exports, then it is called Trade Deficit. This means that the country is not able to produce enough goods and services to meet the needs of the customers here, so they have to import these from other countries. On the contrary, when a country makes exports more than imports, it is called trade surplus. In the financial year 2017-18, India accounted for a total trade of $ 769 billion ($ 303 billion in exports and $ 465 billion imports) with about 238 countries and governmental sectors and a trade deficit of $ 162 billion. India had trade surplus with 130 of these countries, with about 88 countries having trade deficits. India’s biggest trade deficit is $ 63 billion with neighboring China. This means that trade with China is less beneficial for India and more beneficial for this neighboring country’s economy.
India’s trade deficit is high even with countries like Switzerland, Saudi Arabia, Iraq, Indonesia, South Korea, Australia, Iran, Nigeria, Qatar, Russia, Japan and Germany. If we talk about trade surplus, India’s trade surplus with the US is the highest ($ 21 billion). This means that our country is less imported from the US and there is more to export. In this way, the bilateral trade balance with America is inclined towards India. Simply put, the trade from America is favorable to the Indian economy. India is also a trade surplus with countries like Bangladesh, United Arab Emirates, Nepal, Hong Kong, Netherlands, Pakistan, Vietnam and Sri Lanka.
6.Exemption under Katsa is only on parts: America:-
The White House says the exemption given by the U.S. President under the Countering America’s Adventuress Through Sections Act (Katsa) is very narrow. Its purpose is to allow countries like India to get rid of Russian equipment and to allow things like spare parts for previously purchased equipment. It is known that India has signed an agreement to purchase S-400 missile defense system from Russia . The National Security Council spokesman in the White House said on Saturday , “The administration has indicated that the focus of implementation of Section 231 of Katsa is on the qualitative increase in new and potential, including the Area S-400 air and missile defense system.” Explain that the US had banned China on the purchase of S-400 from Russia last month. However ,US-India strategic partnership and forum believes chairman Mukesh Agi , was the conversation began several years ago with Russia that our friends will understand , so do not think that would prohibit the US India.
SPORTS NEWS
7.Pollard in ODI series against India, these veterans did not get a place in the team!:-
Twenty20 cricketers Dwayne Bravo, Kieron Pollard and Sunil Narine have the potential to not play in the West Indies in the forthcoming one-day series against India, because they are in the list of 25 players in the board prepared for the Indian visa. Names are missing. After the Test series, India and the West Indies will play one-day series from October 21. According to Dot TT to Newsday, “Dwayne Bravo is unlikely to be selected in the India-T20 squad, as cricketers West Indies (CWI) have approached players to get India’s visa, He is not included in it, while leading the Trinbago Knight Riders, he recently won the Caribbean Premier League title.
The CWI has started the process for the probables for the series starting on October 21. For the selection of players, it will be important to play in the domestic West Indies Super 50 (National ODI Championship) starting from October 3.
CWI Chief Executive Officer Johnny Grave said, “The reason for choosing a long list of ODIs before the Super 50 is that the players will leave for India on October 10 and will reach October 12. A camp will be held in Guwahati before the first ODI.
8.Arjun Tendulkar’s catastrophic bowling ahead of Gujarat, so many wickets for:-
After the great Indian batsman Sachin Tendulkar, Lord of the Cricket, his son has started celebrating his talent. Arjun is constantly spinning his glitter while bowling superbly. This time Arjun played the Mumbai Under-19 team in the Venu Mankad Trophy in 2018, bowling tremendously against Gujarat and taking 5 wickets. In this match, Arjun took 5 wickets for 30 runs, thanks to his team’s easy win by 9 wickets. Arjun took 5 wickets in his bowling with 1 Maidan in 8.1 overs. Arjun made a prey to Dattesh Shah (0), Priyesh (1), LM Kochhar (8), Jaimit Patel (26) and Dhruvang Patel (6) of Gujarat. Thanks to his bowling, the team of Gujarat got stuck on 149 runs in 49.2 overs. Going after chasing small scores, Mumbai achieved the target by losing one wicket in 38 overs. Opener Opener Suven Parker of Mumbai scored 67 not out and 45 for Mumbai’s first wicket partnership of 108 for the first wicket. Pragesh Kaunpillayer (27 not out) and Parker made an easy win in 38 overs.
BUSINESS NEWS
9.Government can take steps soon to reduce current account deficit: Finance Minister:-
Finance Minister Arun Jaitley said on the continuous decline in the rupee, some steps may be taken to reduce the current account deficit and increase foreign exchange flows in the country. Jaitley said that the government has taken some steps before taking it.
Arun Jaitley said that the government has reduced the market borrowing target by 70 thousand crore rupees for the current financial year. Along with this, oil companies, who market petroleum products, have been allowed to raise foreign exchange $ 10 billion in a year. Apart from this, withholding tax on spice bonds has been withdrawn.
He said that maintaining fiscal position is one of the top priorities of the government. The Finance Minister said that maintaining fiscal discipline in my opinion is one of the most important priorities. You can only take some advantage when your fiscal position is strong.
Jaitley said that we have gradually reduced the fiscal deficit below 4.6% and this year we aim to bring it to 3.3% of GDP. I am confident that the way the revenue collection is being done directly, we will achieve this.
Let us tell you that the rise in crude oil prices in the international market and rupee weakness against the dollar have affected the current account deficit of the country. Crude oil prices have surpassed an increase of $ 85 a barrel, while the rupee touched the fastest level of 74 rupees per dollar. This has increased the pressure on foreign exchange flows in the country.
10.RBI can stop falling rupee fall:-
The price of the rupee is constantly falling against the dollar over the past few days. Rupee is at the lowest level in history so far. The price of rupees is compared to the US dollar. Indeed, America is considered the world’s strongest economy. Therefore, there is acceptance of dollars worldwide. With the strengthening of the dollar the second currency becomes weaker. The loss of the dollar is rising rupee.
Due to the falling rupee, India has to pay more for import. Apart from this, the impact of inflation, interest rates, trade deficits, economic policies and the movement of the stock market are also on the health of the rupee.
What is the role of the Reserve Bank?
The Central Bank of India (RBI) does the work of strengthening the falling rupee. For this, the RBI has many ways. The first is direct purchasing or sale of dollars. If the RBI wants to raise the price of the rupee, then it can sell the dollar and make purchases to reduce the price. The second way is through their policies. If the RBI makes changes in the repo rate and the statutory liquidity ratio, then the price of the rupee can be controlled. It is also called an LLR.
Changes in interest rates affect th
RBI takes repo rates to keep inflation in control. The repo rate is the rate at which the RBI lends to other commercial banks. At the same time, the reverse repo rate is the rate at which RBI keeps the money of other banks.
The higher repo rate attracts foreign investors, the value of the domestic currency and the demand increase. Increase in repo rate increases the interest rates, bond yield and date papers. More attract investors than this. Apart from this, higher interest rates will have more money from RBI, which can be used for demand and supply of currency.
If the cost of the rupee decreases, it will increase inflation because the imported goods have to pay more. RBI tries to reduce demand and prices by increasing interest rates.
