UPSC CURRENT AFFAIRS| PRELIMS & MAINS | 14th May 2020

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Daily UPSC Current Affairs | 14th May 2020

Dear Aspirants
IASbhai Daily Current Affairs for UPSC is an initiative to dilute major articles from leading Newspapers in India which are most relevant to UPSC preparation –‘THE HINDU, LIVEMINT , INDIAN EXPRESS’ and help millions of readers who find difficulty in answer writing and making notes everyday. Hence we choose articles on daily basis and analyse them with respect to UPSC PRELIMS2020.

Everything is either an opportunity to grow or an obstacle to keep you from growing. You get to choose.– Wayne Dyer

HIGHLIGHT INFO:

ORANGE COLOUR: Important for Prelims.

RED COLOUR: Important for Mains.

BLACK COLOUR: Must Read !

BLUE COLOUR : Important Links/Survey.

PINK COLOUR: Reports/Themes/Summits.

Ek Sankalp, Ek Lakshya

      HEADLINES:

Ek Sankalp, Ek Lakshya – Aatmanirbhar Bharat: Shri Amit Shah

      WHY IN NEWS:

From 1st June 2020, only Indigenous Products will be sold at the Central Armed Police Forces (CAPF) canteens and stores across the country

MINISTRY? :-Ministry of Home Affairs
SYLLABUS COVERED: GS 3:Defence

      LEARNING: 

For PRELIMS just remember this initiative and its aim . That’s it !

      CONTEXT: 

Prime Minister, Shri Narendra Modi, made an appeal yesterday to make the country self-reliant and use products made in India.

INITIATIVE :

  • Union Home Minister Shri Amit Shah has described this appeal as a guiding light to make India the Global Leader in future.

Central Armed Police Forces (CAPF) canteens and stores across the country will now sell only indigenous products.

  • The total purchase value would be around Rs. 2800 crore.
  • With this decision, 50 lakh family members of about 10 lakh CAPF personnel will use indigenous products.

      IASbhai WINDUP: 

Appealing to the people of the country, the Home Minister said, “Let us all strengthen the hands of Prime Minister Modi in this journey of making India self-reliant, by using indigenous products.”

     SOURCES:THE HINDU & PIB/DAILY CURRENT AFFAIRS for UPSC CSE Prelims & Mains

 Rs 20 lakh cr package

      HEADLINES:

Coronavirus update: Sitharaman breaks down Modi’s Rs 20 lakh cr package

      WHY IN NEWS:

Rs 3 lakh without guarantee for MSMEs

SYLLABUS COVERED: GS 2:Governance : Finances : Financial devolution

      ISSUE: 

DISTRIBUTION MAPPED:

Nirmala Sitharaman at press conference to explain finacial package to fight COVID-19

A quarter of taxes deducted and collected at source to be slashed from May 13, 2020 through March 31, 2021.

TAX REBATES :

  • Pending tax refunds to be issued immediately.
  • Income-tax return filing deadlines extended to November 30.
  • Union housing and urban development ministry to issue advisories to states and Union territories so that Force Majuere clause can be invoked suo motu to extend by six months registered real estate projects that were to conclude in March 25 but couldn’t due to the COVID-19 lockdown.
  • Up to six months extension from government agencies (Indian railways, road transport, etc) to contractors without any added cost.

INFRASTRUCTURE BOOST :

  • To cover construction, goods and services.
  • To include concessional periods too.
  • Government to release proportional bank guarantees for partially completed projects.

Rs 90,000 crore allocated to support power distribution companies.
 

  • Government procurement of up to Rs 200 crore to disallow global tenders.
  • Payment for government orders to MSMEs to be expedited.
  • Running government support towards employees’ provident fund to continue through August.
  • Other than the above, EPF contibutions rate cut to 10 per cent from 12 per cent to boost liquidity.
  • Rs 30,000 crore to buy debt papers for non-banking finance companies.
  • Existing scheme for liquidity guarantee for NBFCs to be extended to rs 45,000 crore.

EXPANDING THE SCOPE OF MSME :

Micro, small and medium enterprises (MSME) can borrow Rs 3 lakh without any guarantee for four years, Finance minister Nirmala Sitharaman said May 13, 2020.

  • Rs 20,000 crore of subordinate debt for MSMEs with non-performing assets.
  • Rs 50,000 crore equity infusion through funds of fund for MSMEs.
  • Micro units investment limit raised to up to Rs 1 crore, turnover up to Rs 5 crore.
  • Small units: Investment limit up to Rs 10 crore, turnover up to Rs 50 crore.
  • Medium enterprises: Investments up to Rs 20 crore, turnover up to Rs 100 crore.
     SOURCES:THE HINDU & PIB/DAILY CURRENT AFFAIRS for UPSC CSE Prelims & Mains

Army proposes 3-year stint for civilians

      HEADLINES:

Army proposes 3-year stint for civilians

      WHY IN NEWS:

Proposal aims to reduce financial burden on the force and free funds for its modernisation

SYLLABUS COVERED: GS 3:Defence

      LEARNING: 

For PRELIMS let this become reality ! We will go into more depth .

For MAINS lateral entry last year also was into news ! Do you think this can reduce blooming defence budgets ?

      ISSUE:

Call of duty: As per the proposal, civilians will be inducted to serve as both officers and in other ranks.

In a first of its kind proposal, the Army plans to take civilians on a three-year “Tour of Duty” (ToD) or short service” on a trial basis to serve as officers and in other ranks initially for a limited number of vacancies which will be expanded later.

  • This is expected to result in significant reduction in the expenditure on pay and pensions and free up funds for the Army’s modernisation.
  • If approved, it will be voluntary and there will be no dilution of criteria in selection .

COST FACTOR:

  • The overall purpose of the ToD concept is ‘internship/temporary experience’ and so there will be no requirement of attractive severance packages, resettlement courses, professional encashment training leave, ex-servicemen status, ex-servicemen Contributory Health Scheme for ToD officers and other ranks.
  • Analysing the cost of training incurred on each personnel compared with the limited employment of the manpower for three years, the proposal calculates that it will indeed have a positive benefit.

THE COST BENEFIT ANALYSIS : 

  • The overall cost goes up even further as 50-60% of the SSC officers opt for permanent commission and continue in service till the age of 54 and thereafter get pension benefits.
  • “Similar costs for those released after a three-year ToD is just ₹80-85 lakh,” .
  • Estimates for a jawan with 17 years of service as compared to a ToD recruit with three years’ service shows that the prospective lifetime savings of just one jawan is ₹11.5 crore.
  • Thus, savings for only 1,000 jawans could be ₹11,000 crore, which could be used for the much-needed modernisation of the Army.

MANY ADVANTAGES :

  • This scheme is for those who did not want a full career in the Army but still wanted to put on the uniform.
  • Individuals who opted for ToD would get a much higher salary than their peers in the corporate sector.
  • They would also have an edge after leaving the service and going to the corporate sector.
  • This would attract individuals from the best colleges, including the Indian Institutes of Technology.
  • Initial survey; Corporates favour individuals aged 26 or 27 who have been trained by the military.
  • Several incentives such as tax-free income for three years and a lumpsum at the end of three years of about ₹5-6 lakh for officers and ₹2-3 lakh for others.
  • The Army’s pay and pension bill has been increasingly steeply over the years, accounting for 60% of its budget allocation.

In the last five years, though the growth in the defence budget has been 68%, and for defence salaries 75%, defence pensions have increased by a staggering 146%.

  • The proposal adds that in addition “the nation and the corporates are likely to benefit from trained, disciplined confident, diligent and committed men and women who have completed the ToD.”

      IASbhai WINDUP: 

“The proposal is under consideration.

     SOURCES:THE HINDU & PIB/DAILY CURRENT AFFAIRS for UPSC CSE Prelims & Mains

 

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