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Modi hits out at UPA for neglecting health
PM inaugurates medical college in hometown Vadnagar
Homecoming: Prime Minister Narendra Modi waves to the crowd
during his visit to Vadnagar on Sunday. Vijay Soneji
Prime Minister Narendra Modi on Sunday flayed the previous UPA
regime for neglecting health care in the country. While inaugurating a
new medical college and launching a new vaccination drive on his first
visit to his hometown Vadnagar after becoming Prime Minister, Mr.
Modi said his government has accorded top priority to the health care
sector.
During its entire 10 year term, the UPA had failed to bring a health
policy, which was last formulated during the previous NDA regime
headed by Atal Bihari Vajpayee, Mr. Modi said.
‘No empathy for people’
“The last health policy was announced during Atalji’s regime around 15
years back. After that, such a government assumed power which used to
hate development. It did not have any empathy for the people,” Mr.
Modi said, referring to the UPA government’s 2004-2014 tenure. “As a
result, a new health policy was introduced after almost 15 years by our
government,” he said.
He added that the previous regime had not considered it necessary to
increase seats in medical colleges in the country, which was facing a
huge shortage of medical practitioners.
“As a result, very few students could get into the medical field. Now,
our government has taken up the task of opening a new medical college
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for every three to four parliamentary constituencies,” Mr. Modi said,
inaugurating a medical college set up by the Gujarat government in
Vadnagar.
Seats in PG courses
"Since we also need good professors and faculty members for new
colleges, we have also increased 6,000 seats in PG medical courses in
the last one year. Though some people criticised the move, we remained
firm because we understand that we will need good professors for
producing good doctors,” Mr. Modi added.
Besides opening new colleges, the Prime Minister said the government
has focussed on bringing down medical costs to make health care more
affordable.
“Earlier, the prices of stents were around ₹1.5 lakh to ₹2 lakh. Someone
would get a heart attack by just hearing such a high price. We decided to
reduce costs. So [we] called the manufacturers and asked them and
today, stents are available at just 40% of its original price of three years
ago.”
He added that similarly, the government has set up a chain of stores to
sell generic medicines at subsidised rates to bring down the price of
medicines.
Punjab government faces heat over stubble burning
Farmers have threatened to continue burning crop residue unless the
govt suitably compensates them
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BKU (Lakhowal) has decided to defy the ban and will not allow officials
to enter villages. File photo
Several farmers’ unions in Punjab are up in arms against the State
government over the issue of stringent action against farmers who burn
crop residue.
The main Opposition party in the State, the Aam Aadmi Party, has also
come out in support of the farmers, blaming the ruling Congress
government for failing to secure the farmers’ interest.
With harvesting of paddy in full swing, farmers have already started
burning crop residue as they prepare their farms for the upcoming rabi
crop.
Farmers have warned that they will continue to burn paddy stubble
unless the government suitably compensates them for the expenses
incurred on alternative methods of disposing of crop residue.
“The government should first come out with an alternative and then ask
us [farmers] to refrain from burning crop residue. We should be given a
bonus of ₹200 per quintal on paddy or paid ₹ 5,000 per acre in
connection with the ban on stubble burning,” Harinder Singh, general
secretary of the Bharti Kisan Union (Lakhowal), told The Hindu.
Mr. Singh said the BKU (Lakhowal) has decided to defy the ban and
will not allow officials to enter villages when farmers burn crop residue.
Govt cautioned
Leader of the Opposition in the State Assembly Sukhpal Khaira on
Sunday cautioned the State government against registering cases against
farmers for burning stubble.
“The State government has failed to arrange for equipment and
machinery required for ploughing the paddy straw back into the fields.
Until the government makes alternative arrangements, it should refrain
from taking action against farmers,” he said.
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Mr. Khaira claimed that the National Green Tribunal (NGT) while
issuing directions to stop stubble burning for a cleaner environment had
ordered the State government to provide equipment to farmers.
“Instead of providing equipment and machinery to farmers on a rental
basis, the Punjab government is penalising them by registering cases
against them,” he alleged.
Punjab Pollution Control Board chairman K.S. Pannu had expressed
hope that the problem of stubble burning in the State would be contained
to a considerable extent this season.
Penalty imposed
“Farmers are more aware now and we have been taking steps against
those who violate the ban. Till now, of the 300 cases of stubble burning
reported in the State, penalty has been imposed in 100 cases,” he said
Ex-SC judges could soon be appointed NHRC chief
The Home Ministry has moved the Cabinet to amend the recruitment
process of the National Human Rights Commission (NHRC).
A key change being contemplated is that a retired Supreme Court judge
could also be considered for the Chairperson’s position, currently
reserved for former Chief Justices of the Supreme Court.
Similarly an amendment for appointment of members is also being
considered. The members could be picked from a pool of retired Chief
Justices of High Courts. Currently, a serving or retired SC judge is
considered.
The NHRC was constituted under the Protection of Human Rights Act in
1993. The Act was last amended in 2006.
Wider pool
“The amendments are being done on the request of the NHRC itself.
Complying with international norms, some changes are being made in
the Act that will open the floor for recruitment from a wider pool,” said
a senior government official.
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The Commission consists of a chairperson, one member who is or has
been a Judge of the Supreme Court, one member who is or has been the
Chief Justice of a High Court and two members to be appointed from
among persons having knowledge of, or practical experience in, matters
relating to human rights.
16 balsam species found in 5 years in Arunachal
Discovery crucial as these varieties are facing a threat to their habitat
from fast-changing landscape of the region
Impatiens lohitensis
Impatiens paramjitiana
Impatiens rugosipetala
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Impatiens pathakiana
Impatiens zironiana
Impatiens walongensis
In August 2017, a research paper describing Impatiens walongensis, a
new species of balsam, was published in the peer-reviewed scientific
journal Phytotaxa.
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The species was discovered from Arunachal Pradesh’s Anjaw district,
one of India’s easternmost. About a meter tall with ovate elliptical
leaves and light pink flowers, the plant was named after Walong, the
locality where it was found. Impatiens walongensis is the latest but not
the only new discovery of balsam in Arunachal Pradesh.
In 2017 alone, scientists discovered and published their findings on five
other new species of balsam, taking the total number of balsam species
discovered this year to six.
Impatiens arunachalensis, which bears purple flowers and a pink throat,
was discovered from the Upper Siang district. Since only 50 plants of
the species were found at a particular location, scientists described the
conservation status of the plant as critically endangered.
Another species, Impatiens zironiana, with lanceolate pale yellow floral
buds flowering and fruiting in the rainy season from July to September,
was discovered from the Lower Subansiri district.
Two more species of balsam, Impatiens rugosipetala from the State’s
Lower Dibang valley, and Impatiens tatoensis from the West Siang
district, were also discovered and described earlier this year.
“Three new species of balsam were discovered from Arunachal Pradesh
in 2016, and five [were discovered] in 2015. Since 2013, at least 16 new
species of plants under the genus Impatiens, commonly referred to as
balsam, have been discovered from Arunachal Pradesh,” said Rajib
Gogoi, a scientist with the Botanical Survey of India (BSI), who has
been working on balsams in Arunachal Pradesh since 2012, told The
Hindu.
He said that botanists have found 55 species of balsam from the
northeastern State, 16 of which are new discoveries to science.
Soil requirement
Known for their starkly differing flower shapes, which are produced
along the stem with vivid colours like pink, red, white, purple and
yellow, balsams grow in rich moist soil. Across the world, about 1,000
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species of these angiosperms or closed seeded plants are known to
occur.
In India, about 210 balsam species were known till these new
discoveries from Arunachal Pradesh emerged. Now, the number of
balsam species has increased to 230.
“What makes the Impatiens interesting is the high endemism among
these plants. In most cases, while collecting the specimens, only a
handful of plants are spotted. Since these plants have a very small
habitat, they face a threat from the fast-changing landscape of the
region,” said Souravjyoti Borah, another botanist associated with these
discoveries.
Mr. Borah, who has been working with Mr. Gogoi on genus Impatiens,
pointed out that inaccessibility and the difficult terrain of the region
were among the reasons why it took so long for the new species to be
discovered.
The researchers also had to dissect and study their morphology in the
field itself.
Study on hybrids
Both botanists emphasise that balsams have immense horticultural
importance. Studies on hybrids of the plants have been undertaken in
parts of the country to produce flowers that can sustain in different
environmental conditions. Different hybrids can be created from wild
balsam species, so it is important to know the actual number of balsam
species in the wild, Mr. Borah said.
A revolutionary power to heal
Fifty years after Che’s death, the ideas that keep his legend alive
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Getty Images/iStockphoto digitalimagination/Getty Images/iStockphoto
On October 9, 1967, in southern Bolivia, near the barren and desolate
village of La Higuera, the Bolivian Army, under instructions from the
government of the U.S., trapped the isolated guerrilla column led by
Ernesto ‘Che’ Guevara. Che, a hero of the Cuban Revolution of 1959,
believed that Cuba, only 90 miles away from the mainland of the U.S.,
would remain vulnerable unless other revolutions succeeded in the
world. His reaction to the violent U.S. bombardment of Vietnam had
been similar, not enough to defend Vietnam, he had said, but it was
necessary ‘to create two, three, many Vietnams’. Failure to spark
revolution in Congo led Che to Bolivia, where its army trapped him. He
was eventually captured and brought to a schoolhouse. Mario Terán
Salazar, a soldier, was tasked with the assassination. Che looked at this
quivering man. “Calm down and take good aim,” he told him. “You’re
going to kill a man.” Che died on his feet.
From man, Ernesto Guevara (b.1928) became a myth. It is difficult not
to be moved by the life of this Argentinian doctor who became a
revolutionary.
Radicalised by reality
His tutelage in revolutionary thought came from his experiences among
the leprosy patients of Venezuela and the tin miners of Bolivia, among
the revolutionaries of Argentina and the 1954 coup in Guatemala.
Reality radicalised him. Only later would he recount that he had been
influenced by, as he put it, ‘the doctrine of San Carlos’, his sly reference
to Karl Marx.
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In 1953, in Mexico, Guevara met Hilda Gadea, a revolutionary from the
Peruvian APRA (American Popular Revolutionary Alliance). Gadea
schooled Guevara in Marxist theory and in the radical currents then
inflaming the region. They moved to Guatemala in September 1954,
which was then in the midst of a major struggle against the U.S.
government and U.S.-based corporations. A democratically elected
government led by Jacobo Árbenz attempted to conduct basic land
reforms, which ran afoul of the United Fruit Company. Guevara was
marked by the role of this corporation in governing Guatemala.
To his aunt Beatriz, he wrote, “I have had an opportunity to go through
the land owned by United Fruit, and this has once again convinced me of
the vileness of these capitalist octopuses. I have sworn before a portrait
of old, tearful Comrade Stalin not to rest until these capitalist octopuses
have become annihilated. I will better myself in Guatemala and become
a true revolutionary.”
When the U.S. initiated the coup against Arbenz’s government, Guevara
took to the streets. No good came of it. Guevara and Gadea fled to
Mexico. It was there that they, thanks to Gadea, met Raul Castro and
eventually his brother Fidel. Not long after, Guevara would board a
rickety boat, the Granma, with the Castros and 79 others to launch the
Cuban Revolution. When their boat arrived in Cuba, the military killed
70 of the revolutionaries. The survivors rushed inland, and with sheer
grit proceeded to build the peasant army that eventually overcame the
U.S.-backed dictator Fulgencio Batista at the close of 1959.
The young revolutionaries inherited a bankrupt country. Batista had
shifted $424 million of Cuban reserves to U.S. banks. Loans were not
forthcoming. In a late night meeting, Castro asked if there were an
economist among them. Che raised his hand. He became the head of the
economy. Later when Castro asked him about these credentials, Che
answered that he thought Castro had asked, “Who is a communist?” Che
took to his task with energy and determination. The U.S. had set an
embargo against the island in 1962. It suffocated Cuba. The Uruguayan
journalist Eduardo Galeano went to interview Che in 1964. “I don’t want
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every Cuban to wish he were a Rockefeller,” Guevara said. He wanted
to build socialism, a system that “purified people, moved them beyond
egoism, saved them from competition and greed”. It was a daunting task,
made difficult by the poverty of the treasury and of the population;
although the Cuban people’s spirit drove them to volunteer their labour
to build their resources.
The Cuba years
“Cuba will never be a showcase of socialism,” Guevara told Galeano,
“but rather a living example.” It was too poor to become paradise. It
could however exude love for its own people and for the world. For
Guevara, love was everything, key to his idea of socialism. In a letter to
his five children written en route to Bolivia, Guevara said, “Always be
able to feel deep within your being all the injustices committed against
anyone, anywhere in the world. This is the most beautiful quality a
revolutionary can have.”
The afterword
As for the fate of those who killed Guevara 50 years ago, Bolivian
dictator René Barrientos died a year later when his helicopter burst into
flames. General Joaquín Zenteno Anaya, who led the operation against
Che, was shot to death in the streets of Paris. Major Andrés Selich Chop,
who led the Rangers to capture Che, was killed by the dictatorship of
Hugo Banzer. Monika Ertl, a member of the National Liberation Army
of Bolivia, killed Colonel Roberto Quintanilla Perez, who had
announced Che’s death to the world, in Hamburg.
Mario Terán Salazar, the soldier who shot Che, went into hiding. Many
years later, in 2006, the Cuban government operated on Che’s killer to
remove a cataract from his eye without charge. Che’s legacy was not
revenge. It remains a doctor’s love for humanity.
Course correction
The GST Council does well to simplify the tax regime; it must sustain
this conciliatory stance
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Nearly 100 days after India’s tryst with the new Goods and Services Tax
regime began, the GST Council empowered to oversee its
implementation has approved several alterations. These relate to
coverage and compliance norms with a view to easing the burden of
paperwork and stretched cash flows imposed on smaller businesses and
exporters. The Council lowered the rates on 27 items, including dried
sliced mango, khakhra, unbranded namkeen and, more importantly, yarn
and sewing threads to soothe the textile industry that has been in distress
over GST norms and is a bulwark for job-creation. Prime Minister
Narendra Modi has said the Council’s decisions at its 22nd meeting,
taken at his behest to overcome the GST system’s apparent
shortcomings, are akin to an early Deepavali. That the meeting was
advanced by almost 20 days, and that it has tried to deliver on the Prime
Minister’s promise to fix the problems faced by traders in the first
quarter of GST is welcome. The decision to switch the requirement to
file three monthly returns and an annual return to a quarterly frequency
for firms with a turnover of ₹1.5 crore will ease the burden of
compliances on small and medium enterprises, and reduce the workload
on the tax regime’s fledgling IT backbone.
Equally critical is the expansion and proposed simplification of the
composition scheme, under which firms with an annual turnover of up to
₹1 crore pay a flat and low tax, and the six-month suspension of the
reverse charge mechanism that required large firms to deduct tax on
supplies from firms outside the GST net. This should spur fresh
confidence among small firms and help expand the tax base. The
promise of faster tax refunds, starting Tuesday, for exporters facing a
working capital crunch too is re-assuring. Time will tell how smoothly
these decisions pan out on the ground, but suspension for six months of
the payment of integrated GST (IGST) on inputs used for exports will
bring immediate relief. While putting off the e-way bill provisions
dealing with movement of goods that were making businesses and
transporters nervous, the Council is instead considering a staggered
introduction. So the system would begin with one or more States from
January 2018 and cover the entire country by April 2018. It is not clear
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how this will impact inter-State movement of goods in the interim three
months, and industry has good reason to worry about fresh
complications. Amidst this flurry of adjustments, suspense persists on
the operationalisation of the GST law’s anti-profiteering provisions,
which cramp pricing decisions by businesses. The government needs to
move swiftly to bring clarity on all such remaining grey areas. Lastly,
though some of the latest rate revisions may be based on impeccable
economic rationale, it is important to resist giving the impression that
some tweaks, even if they are warranted, are based on the Assembly
election schedules.
Navigating a changing world
A close relationship between the India and the EU will benefit both
Cementing bonds: “India and the EU should continue to welcome each
other’s leadership roles in the world, primarily because of commonly
shared values.” (L-R) European Council President Donald Tusk, Prime
Minister Narendra Modi, and European Commission President Jean-
Claude Juncker in New Delhi. AP
That the talks to negotiate the India-European Union trade pact, the
Broad-based Trade and Investment Agreement (BTIA), have not
progressed during the 14th India-EU Summit, held in New Delhi on
October 6, is, among other things, a sign that both sides continue to
recalibrate their bargaining power and understanding of their relative
positions on the international stage. Nevertheless, there are some
important positive outcomes of these interactions, which go beyond just
trade. The very fact that the two sides are talking and working together
in several areas is significant.
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Much has changed for the EU since the last summit held in Brussels in
2016: Brexit; several key elections, including in France and Germany;
and visible rifts between eastern and western European countries on
what core EU values are and should be. The inaugration of Donald
Trump as U.S. President and consequent retreat of America from its
leadership role in the West has provided a significant external stimulus
to the EU’s identity shift.
Interestingly, the EU leadership referred to India and the EU as being the
“world’s largest democracies” — a statement usually made with regard
to politically sovereign entities. The EU is a single market, the world’s
largest, but comprises 28 sovereign democratic countries, i.e., it is not
sovereign in itself (Britain has just driven home that point). This
projection as one of the world’s largest democracies, which happened at
the end of last year’s summit as well, is more notable this time in light of
the U.S.’s uncertain position on the international stage and the fact that
pro-EU leaders such as French President Emmanuel Macron have been
pushing for a stronger union in Europe as Britain leaves the EU.
Also notable is that India and the EU reaffirmed their commitment to a
“rules-based” international order and a “multipolar” world. This is
significant in the context of the U.S. moving towards reneging on
several international deals. Mr. Trump has said he is going to “decertify”
the nuclear deal with Iran — a deal that the EU is keen to uphold — and
his administration has given notice of intent to withdraw from the Paris
Accord. He has shown a willingness to walk away from the game if the
rules are not altered as per his taste. The reference to multipolarity is a
recognition that there is more than just one chair at the top table, not just
with the U.S.’s shifting position but also due to Russia and China’s
ascent.
The India-EU joint statement on terrorism this year called for “decisive
and concerted actions” against Hafiz Saeed, Dawood Ibrahim, Lashkar-
e-Taiba and other purveyors of terror; this will further bolster India’s
efforts to call out Pakistan on the issue of sponsoring terror. The EU
itself has been no stranger to terrorism these last few years and the two
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sides have agreed to enhance cooperation at multilateral and bilateral
interactions.
Talking of trade
The centrepiece of the recent summits, the BTIA, however continues to
be conspicuous by its absence. Among the reported causes for the failed
talks is a disagreement on whether the protection of foreign investments
will be part of the BTIA or dealt with in a stand-alone treaty. (India has
allowed tens of bilateral investment treaties to lapse, including those
with EU states, so it can bring these in line with a model treaty from
2015.)
Other sticky points in the negotiations have been India wanting a greater
ease of movement of temporary skilled workers to provide services in
the EU and the EU wanting greater market access for its automobiles
and its wines and spirits.
India is right to strike a hard bargain as far as the temporary movement
of skilled workers is concerned. The EU and other developed countries
have been historically reluctant about moving forward on this and the
issue has become more challenging with the rise of populism and
protectionism in Europe. Nevertheless, the liberalisation of services and
access to EU markets for those who deliver them go hand in hand with
the liberalisation of the goods market; wanting an open market for
automobiles and liquor but unduly restricting the movement of natural
persons seems to be a case of ‘have your cake and eat it too’ thinking. It
bears repeating that there are winners and losers from globalisation on
both sides of the border and it is up to governments to institute policies
to redistribute the gains from trade. All too often, the movement of
skilled workers from India to developed countries is made onerous with
barriers to overcome in terms of salary thresholds, recognition of
qualifications, visa fees, social security and so forth.
Another issue holding up the trade talks has been the EU not granting
“data secure” certification to India — a condition that facilitates the
cross-border transfer of personal data, key to a number of companies’
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services, especially in the IT industry. India does not have a stand-alone
data privacy law yet and the state recently went to great lengths to create
a false dichotomy between development and privacy during the right to
privacy hearings in the Supreme Court, including, by (unsuccessfully)
arguing that privacy was an elitist concern. On the other hand, the EU is,
commendably, at the forefront of protecting citizens’ rights as regards
what happens to their data online. It will be no easy task for the
government — whose approach to privacy can be described as casual at
best (one got the impression that the government’s equivocation on its
position on privacy, apparent during the conclusion of the hearings in
the case, were face-saving measures undertaken to resonate with the tide
of public opinion and then the Supreme Court ruling itself) — to align
its laws to a standard required by the EU to get the appropriate
certification. It would certainly be a shot in the arm for consumer rights
and privacy standards in the digital age if India were to adopt and
implement strict standards for handling data, an outcome desirable in
itself.
Taking a longer view
India and the EU should continue to welcome each other’s leadership
roles in the world, primarily because of commonly shared values. For
those who prefer to take a more expedient view of the situation, reasons
can perhaps be found in the fact that the EU is India’s largest trade
partner and it is also, like India, wary of China’s political (the summit
declaration makes a reference to freedom of navigation principles) and
economic dominance. The EU is concerned about China flooding global
markets with inexpensive steel and its response to China’s Belt and
Road Initiative has been lukewarm, but the strength of China’s
relationship with EU member states themselves is heterogeneous, with
China trying to make inroads into Eastern and Central Europe through
infrastructure investments. This makes it vital for India to cement its
bonds with the EU further.
With around €100 billion in bilateral goods and services trade last year,
India and the EU have a lot to gain from a trade deal. It’s not just about
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trade. It is far from clear what presence the EU will have in a decade’s
time as this is a matter that can only be settled internally by its
constituents. But the sands are shifting, both in Europe and the world,
and spaces and opportunities for leadership and partnership are opening
up. It will certainly pay for both India and the EU to keep each other
close as they feel their way around the emerging international order.
Resources aplenty, no jobs
Redefining economic models to get them in sync with the technology-
accelerated age is the need of the hour
We are in the midst of the most transformative age in human history
where technological leaps could make possible a world of limitless food,
water, and energy. Although we have attained the ability to produce any
resource at any speed or in any quantity, human capital requirement is
on a steep decline owing to the advent of cutting-edge technologies such
as artificial intelligence and robotics.
While five high-technology firms find themselves among the list of the
top seven most valuable companies in the world, with a cumulative
market capitalisation of almost $3 trillion, it is distressing to note that
that they employ just under 700,000 people among them. The inevitable
widespread adoption of next generation technologies indicates a future
of mass unemployment, and concentration of wealth in the hands of a
few enterprises capable of providing minuscule job openings.
Today’s primary challenge is the optimal allocation of copiously
produced resources among an increasing population with dwindling
wage-earning opportunities. Taking cue from these trends, several
progressive political outfits across Europe have started demanding
legislation favouring reduced working hours with no cuts in pay, three-
day weekends, and the introduction of a universal basic income.
Even if new models built around the reduction, sharing, and diffusion of
work and the provision of a supplementary income can sustain
employment levels and living standards in wealthy nations with a steady,
declining, or ageing population, with most of them plugged into the
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formal economy, it will be impractical in countries like India. The Indian
scenario already looks grim with the Labour Bureau stating that India
added just 1.35 lakh jobs in eight labour-intensive sectors in 2015,
against a backdrop of almost 1.5 crore annually entering the job market.
Conditions are ripe for the creation of a plenitude of frustrated people
who would be easy prey to the sway of radical nationalists and populists.
Nevertheless, the informal economy employs more than 90% of our
workforce. Efforts to structure the informal sector, by encouraging them
to adopt modern-day tools and best practices, and by giving them
adequate access to capital for expansion, would stimulate the economy
and the job market.
India has massive basic infrastructural capacity requirements. Focussed
government planning and spending, along with the creation of an
environment that would encourage private investments into these
potentially large-scale projects, could create immediate openings for
millions in sectors like construction, India’s second largest employer,
providing jobs for over 44 million. If leveraged to create essential and
permanent assets, employment-guaranteeing schemes like MGNREGA
would also effectively absorb a large slice of job seekers. Redefining the
existing economic planning, employment and resource-allocation
models, to get them in sync with this technology-accelerated age, is the
need of the hour.
Simultaneous polls feasible: EC
‘Apart from amendments to Constitution, all parties should come on
board’
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O.P. Rawat
Favouring simultaneous Lok Sabha and Assembly polls, the Election
Commission on Sunday said all political parties need to be brought on
board before such an exercise was carried out.
“The Election Commission has always been of the view that
simultaneous elections will give enough time to the incumbent
government to formulate policies and implement programmes
continuously for a longer time without interruptions caused by the
imposition of the model code of conduct,” Election Commissioner O.P.
Rawat said.
He said the step would be possible only when necessary changes were
carried out in the Constitution and the Representation of the People Act.
Existing legal and constitutional provisions mandate that elections are to
be held within six months ahead of the end of the term of an Assembly
or the Lok Sabha.
“The Commission may conduct such elections after six months [after
constitutional and legal changes are made],” he said. The Assembly
elections for Andhra Pradesh, Telangana and Odisha are due in mid-
2019, along with the next general polls.
Mr. Rawat said the Election Commission was in 2015 asked to give its
view on the synchronised polls. “The Commission gave its views on the
matter in March that year. It had suggested a few steps that need to be
taken before such elections are made feasible.”
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Mr. Rawat said it would be logistically possible to hold the elections
together if sufficient time was given to the Commission. Besides, it
needs 24 lakh each Electronic Voting Machines (EVMs) and Voter
Verifiable Paper Audit Trail (VVPAT) Machines.
“We need two sets of EVMs — one for the Lok Sabha and another for
the Assembly polls,” he said.
‘Orders placed for EVMs’
Mr. Rawat said orders had already been placed for more number of
EVMs and VVPAT machines and new inventory had started coming in.
“The Commission would be able to get the required number of EVMs
and VVPAT machines by mid 2019 or before if need be.”
Mr. Rawat’s assertion assumes significance as Prime Minister Narendra
Modi had already pitched for simultaneous polls.
Ready to scramble any time: IAF chief
Concerned over loss of lives during peacetime
Air Chief Marshal B.S. Dhanoa on Sunday voiced concern over the loss
of lives of Air Force personnel in peacetime.
“Despite the high intensity of our flying [sorties], we cannot afford to
have accidents and lose valuable lives and assets. Our losses in
peacetime are a cause for concern, and we are making efforts to prevent
accidents...,” he said, paying homage to the seven soldiers who were
killed when an Mi-17 V5 helicopter on an air-maintenance mission
crashed in Tawang last Friday.
At a function to mark the 85th Air Force Day at the Hindon Air Force
Station, he said the force was ready to fight at short notice, and fully
geared to meet any security challenge.
He said the Air Force was acquiring multi-spectrum strategic capabilities
and remained committed to building “jointmanship” with the Army and
the Navy.
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As for the measures to improve safety, he said state-of-the-art flight
simulators had been inducted for training. “To avoid bird strikes, we
have inducted microlight aircraft for bird surveys.”
He said that according to the preliminary assessment, the helicopter
crashed at Tawang after its tail-rotor disengaged. “The exact cause will
be known later. I will not speak more on the issue as a court of inquiry is
on.”
Stunning display
The IAF enthralled the audience with an interesting flypast. The
aerobatic team Surya Kiran performed at full strength with nine aircraft,
and the indigenous Netra Airborne Early Warning and Control System
mounted on an Embraer aircraft made its debut. The Surya Kiran team
did not fly for four years following a shortage of intermediate jet
trainers.
An interesting part of the Surya Kiran performance was the various
formations. A surprise formation was that of the SAAB Gripen which is
in the race for the single-engine aircraft tender along with F-16 of
Lockheed Martin.
China swears by 1890 treaty with Britain
Urges India to abide by the provisions of the agreement
China on Sunday referred to the 1890 U.K.-China treaty which it claims
demarcated the Sikkim sector of the India-China border as it urged New
Delhi to abide by its provisions, a day after Defence Minister Nirmala
Sitharaman made her maiden visit to the Nathu La post.
Reacting to Ms. Sitharaman’s visit, the Chinese Foreign Ministry said,
“The Sikkim section of the China-India border has been demarcated by
the historical boundary.”
‘Face the facts’
“It is the best testimony to this fact. We urge the Indian side to face the
facts, abide by the provisions of the historic boundary treaty and the
relevant agreement of the parties, and work together with the Chinese
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side to maintain peace and tranquillity in the border areas,” it said in a
written response to PTI.
The Ministry did not directly name the 1890 Britain-China treaty which
Beijing often referred to during the Doklam standoff stating that as it
had defined the Sikkim section of the boundary with Tibet, the border in
that area had been settled.
Ms. Sitharaman on Friday visited the Nathu La area, and interacted with
the Army and Indo-Tibetan Border Police officials. Nathu La is the last
post separating the border between Sikkim and Tibet.
Ms. Sitharaman’s trip was the first high-level visit to the area after the
73-day standoff at Dokalam which ended on August 28 following a
mutual agreement.
China reinforces mediation call as Rohingya crisis spirals
Beijing says it is willing to continue promoting peace talks in its own
way
Tough task: A man beats Rohingya children with a cane as things spiral
out of control during aid distribution at a camp in Cox's Bazar,
Bangladesh. getty Images
Without alienating Bangladesh, China is backing Myanmar, setting the
stage of mediation between the two countries to resolve the Rohingya
humanitarian and refugee crisis.
On September 28, China flew 2,000 tents and 3,000 blankets as part of a
150-tonnes relief package for Rohingya refugees, fleeing the violence in
Myanmar.
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The Chinese stressed that they had flown in the supplies purely on
humanitarian considerations to help Bangladesh shoulder the burden of
the sudden refugee surge. Politically, Beijing empathised with Myanmar,
which had become a target of harsh criticism from the West on the
familiar grounds of violating human rights and engaging in “ethnic
cleansing.”
“The Chinese side is highly concerned about the difficulty facing
Bangladesh in resettling the displaced people in the Myanmar-
Bangladesh border area. In order to help the government of Bangladesh
with the resettlement efforts, the Chinese government has decided to
provide emergency humanitarian supplies to the government of
Bangladesh,” said Chinese Foreign Ministry spokesperson Lu Kang
during a September 30 media briefing.
However, Beijing also ensured that Myanmar avoided harsh
international sanctions, which the United Nations could impose. During
the first debate in the UN Security Council on September 28, the
Chinese side defended Myanmar, highlighting the context of the
humanitarian crisis.
Myanmar’s Rakhine State is at the heart of the Rohingya crisis. On
August 25, the Arakan Rohingya Salivation Army (ARSA), operating in
the State, attacked 30 police posts, killing 84, with 54 going missing.
The massive retaliation by the Myanmar armed forces triggered an
exodus of 4,00,000 people, seeking sanctuaries in the Chittagong hill
tracts of neighbouring Bangladesh.
Strategically vital
Rakhine is strategically vital for both China and India. The website The
Irrawaddy from Myanmar has reported that Beijing has been pushing for
preferential access to the deep seaport of Kyaukphyu — part of its
ambitious infrastructure investment plan to deepen its links with
economies throughout Asia and beyond. China has plans to pitch in $10
billion in the neighbouring Kyaukphyu Special Economic Zone.
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Besides, it wants to establish a railway from the Bay of Bengal, linking
Myanmar with its Yunnan Province, within the framework of its Belt
and Road undertaking. India, on its part is developing the Sittwe port,
the capital of Rakhine province, for providing port access to its
landlocked northeast.
With the crisis escalating, China has reiterated its offer to mediate
between Myanmar and Bangladesh.
“China is willing to continue promoting peace talks in its own way, and
hopes the international community can play a constructive role to ease
the situation and promote dialogue,” China’s Foreign Minister Wang Yi
was quoted as saying.
Pakistan’s role
China’s offer to broker a resolution is not new. In April, Chinese Special
Envoy for Asian Affairs Sun Guoxiang visited Bangladesh and offered
to tackle a diplomatic row between Bangladesh and Myanmar over the
flight of the Rohingya.
Yet, China’s efforts may not succeed without active behind-the -scenes
support from Pakistan, another player that has been drawn into the
Rohingya entanglement.
Writing in the Asia Times, Bertil Lintner, a Myanmar specialist, points
out that ARSA’s leader, Ataullah abu Ammar Junjuni, also known as
Hafiz Tohar, was born in Karachi and received madrasa education in
Saudi Arabia. The group was earlier known as Harakah al-Yaqin, or “the
faith movement,” and only last year adopted its more ethnically oriented
name.
Mr. Lintner pointed out there were thousands of first, second and third
generation Rohingya living in Orangi, Korangi, Landhi and other
impoverished suburbs of Karachi. “The areas where they live are long-
time hotbeds of extremist activity, with some known to have been
recruited to fight in the wars in Afghanistan,” the article observed
Spanish PM may suspend Catalonia’s autonomy
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‘Any declaration of independence will lead to nothing’
Mariano Rajoy
Spanish Prime Minister Mariano Rajoy has refused to rule out
suspending Catalonia’s regional autonomy unless its leaders withdraw a
threatened declaration of independence as thousands rallied for national
unity.
“I don’t rule out anything,” Mr. Rajoy said in an interview with the daily
newspaper El Pais published on Sunday when asked about applying the
constitutional provision that allows the suspension of autonomy and the
imposition of direct rule from Madrid. “But I must do things at the
proper time... I would like the threat of an independence declaration to
be withdrawn as quickly as possible.”
Seeking to reassure Spaniards, he added: “The government will ensure
that any declaration of independence will lead to nothing.”
He also urged moderate Catalan nationalists to distance themselves from
the “radicals” in the separatist camp who are pushing hardest for an
independence move. He spoke after tens of thousands of demonstrators
rallied across Spain on on Saturday, calling for Spanish unity and
demanding action to resolve the volatile political crisis.
Rally in Barcelona
Meanwhile, hundreds of thousands of people rallied in downtown
Barcelona to protest against the plans of Catalonia’s regional
government to secede from the rest of Spain. The march was the largest
pro-union showing since the rise of separatist sentiment in the
prosperous northeastern region that has pushed Spain to the brink of a
national crisis.
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Barcelona police said 3,50,000 people participated, while march
organisers Societat Civil Catalana claimed that 9,30,000 people turned
out.
Six airports may take off via land-pooling
‘New model to help remove resistance from land owners’
Flight plan: The airports will come up in Tamil Nadu, West Bengal,
Maharashtra, Uttar Pradesh and Bihar.
The Union government is planning to build six airports under the public-
private partnership (PPP) model in Tamil Nadu, West Bengal,
Maharashtra, Uttar Pradesh and Bihar adopting a land-pooling model for
land acquisition.
The Centre proposes to develop a greenfield airport each in Chennai,
Kolkata, Bagdogra, Pune, Varanasi and Nalanda, Civil Aviation
Secretary R.N. Choubey told The Hindu. Separately, the Airports
Authority of India (AAI) will spend ₹18,000 crore in the next four years
for expanding its airports.
“We plan to adopt a ‘land-pooling’ approach at places where land is a
constraint,” said Mr. Choubey. “It will help remove a lot of obstacles
such as fund requirement and resistance from land owners. This model
has so far not been adopted in the airport segment,” he said.
Under the model, land owned by different people is pooled together and
the owners get back a certain portion of the land in the developed area
whose value is much higher than the value of the original land holding.
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The AAI has hired the Centre for Environmental Planning and
Technology for studying this model.
The Civil Aviation Secretary said the State governments of Tamil Nadu,
West Bengal, Maharashtra, Uttar Pradesh and Bihar have been asked to
identity land for development of airports under this model. “We have
asked the States to identify minimum 2,500 acres of land. We will then
conduct a technical feasibility of the site,” Mr. Choubey said.
Talks with States
He said the Centre had already held two rounds of meetings with the
Tamil Nadu Government for identifying land for developing a second
airport for Chennai. The West Bengal Government has informed the
Centre that Andal Airport in Durgapur can be developed as the second
airport for Kolkata, Mr. Choubey said.
According to sources, the Centre has done a detailed analysis of top 30
airports in a bid to increase the airport capacity in the country. “We are
looking at three areas — increasing the efficiency of existing terminals,
building new terminals and the need to build new airports,” an official
said.
Minister of State for Civil Aviation Jayant Sinha had said last year that
the Centre will require funds up to ₹3 lakh crore for doubling the airport
capacity over the next 10 to 15 years. According to an internal analysis
by the Civil Aviation Ministry, there is a potential for flight operations at
200 airports in the next 10-15 years.
Mr. PM: it’s time for bold economic thinking
The chief of the government would do well to take a leaf out of
Narasimha Rao’s book and show statesmanship
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The Indian economy is currently in a paradoxical situation. The world
has been praising India for its rapid economic growth, inflation is down,
forex reserves are more than $400 billion, fiscal deficit is on target and
current account deficit until recently has been less than 1% of GDP and
comfortably financed by capital inflows.
India’s oil imports in FY13 was $164 billion and by FY17 it was only
$83 billion, thereby lowering the current account deficit as a percentage
of GDP from 4.8% in FY13 to just 1.1% in FY17. The lucky
government has also had two straight years of good monsoons.
However, both the supporters and detractors of the present government
have described the state of the economy as ‘sinking’ and as being ‘in a
tailspin’, etc.
The stock market is at an all-time high in anticipation of a surge in
earnings which is yet to materialise. The newly appointed head of the
NITI Aayog, Rajiv Kumar, has been refreshingly honest in admitting
that lack of investment and anaemic job creation are significant
challenges for this government.
The RBI, in its latest monetary policy report, lowered the projected
growth rate for FY18 from 7.3% to 6.7% and, more importantly,
reserved its opinion as to whether the marked consecutive dip in growth
rates for the last two quarters was a blip or not. So, what’s going on?
Politically, the government is on the defensive. But, it has so far
refrained from taking hasty and populist spending decisions.
‘Production possibility’
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Going by the hefty anecdotal evidence available, both the
demonetisation episode of 2016 and the introduction of GST in July
have imposed short-term costs in the form of lowering of growth rate in
the current fiscal.
But it must be told in the same breath that the culture as well as the
regime for direct and indirect tax compliance in India is undergoing a
fundamental shift for the better in a way that has not happened before.
This is certainly going to expand the ‘production possibility frontier’ of
the economy. However, there is uncertainty on how fast this is going to
happen. A lot will depend on follow-up policy actions on the part of the
government. The equity market seems to bet the recent downward
growth rate trend is just a blip.
‘Eroded confidence’
Our diagnosis is, the lack of speedy resolution of the stress in PSU banks
and corporate balance sheets has eroded business confidence leading to
lower investment and poor job creation. The government announcement
of a stimulus package may deal with the problem cosmetically rather
than address it at its root. The current government has shown limited
appetite for serious financial sector reform.
It has been long on rhetoric such as ‘Indra Dhanush’ and has evinced
little resolve to deal with the massive non-performing loans problem.
The recent RBI move to refer large stressed accounts to the National
Company Law Tribunal so that they could be dealt with under the
Insolvency and Bankruptcy Code will likely lead to two consequences:
One, the resolution will take a very long time, and two, recoveries will
be much lower than what would have been possible by way of one-time
payments that could have been negotiated with delinquent borrowers for
full and final settlement of dues.
The aim to ring-fence boards and executive of PSU banks from probes
by the three Cs, CBI, CVC and CAG, will impose a cost on the economy
by delaying resolution of distressed loans and causing more losses to
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PSU banks. A decisive break from the shackles and shibboleths of the
past is needed in respect of PSU bank policies.
The high savings in India are currently not directed to productive, long-
term investments as corporates have still not been able to repair their
balance sheets.
Further, that intangible thing called “confidence”, be it consumer or
business, has been faltering. In fact, the Dun and Bradstreet composite
CFO Optimism Index which takes into account the overall financial and
macroeconomic conditions has declined to a five-quarter low, slipping to
11% on an annual basis and by 5.7% on a sequential basis.
The AC Nielsen Consumer confidence index for India in Q2 2017 was
128, declining 7 percentage points compared with Q42016, while global
consumer confidence rose 3 percentage points during this time interval.
Despite the fall, Indian consumers are still the second most optimistic
among the 63 countries surveyed by AC Nielsen.
The table captures the real interest in India (calculated as the difference
between the yield on the 90-day Treasury Bill and consumer price
inflation) which is currently hovering around 4%. Against the backdrop
of a perceptible decline in the investment rate in the recent quarters and
given such high real rates, it would be irrational to expect investment to
pick up in an environment where earnings growth has also been elusive.
What needs to be done now to get India back on the high growth track?
We recommend a five-step plan:
Five-step plan
First, demonetiation was politically successful but an economic failure.
We can use the current crisis to introduce an amnesty scheme, a la
Indonesia, to allow tax payers to voluntarily disclose hitherto
undisclosed income kept domestically and abroad. Indonesia — a nation
of 250 million people, with 32 million registered tax payers but only 8.9
million actual tax payers — had close to 1 million people disclose $365
billion (40% of GDP) of undisclosed income this year, the bulk of which
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was held domestically and a portion abroad, notably $55.5 billion in
Singapore.
The Indian government should announce a one-time programme valid
till December 31, by when anyone can disclose previously undisclosed
income held within the country and abroad, for which they will pay a
small, one-time fine of 4%, while 50% of the domestic holdings (100%
of foreign cash/ near cash holdings) will need to be invested in two large
government funds — one for infrastructure and the other for bank
recapitalisation.
The amounts thus invested will be locked for seven years with a
compound interest of 4% per annum. Post redemption, the amounts and
the interest thereon can be used freely for any lawful purposes in India.
While scheme will be generous, come January 1, criminal prosecution
should be instituted against Indian residents holding large sums of
undisclosed income. This government has built some credibility to
pursue cases of high-profile corruption. By highlighting the automatic
exchange of financial account data with nations such as Singapore and
Switzerland, it can ensure that the scheme is taken seriously.
The work done so far by the SIT on money stashed abroad and the
information obtained through Panama leaks could be a good input to test
and start the scheme. After all, this government had made the bringing
back of black money kept abroad as one of its core election promises.
Now it needs to walk the talk.
Second, ensure that the full extent of the NPA problem is recognised
latest by December 31 and that banks make necessary provisions in this
regard. The consequent shortfall in equity capital adequacy for PSU
banks should be met through recapitalisation by March 31.
The boards of PSU banks should be recast by bringing in persons with
demonstrated professional experience and achievement. The selection of
CEOs of PSU banks and determination of their tenure and compensation
package should henceforth be the exclusive domain of their boards.
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Boards should be fully empowered decide on loan resolution by way of
real restructuring, with or without haircut, and one-time payment. All
cases of suspected wrongdoing involving collusion between borrowers
and banks in loan resolution should be screened and vetted first by a
high-level committee of former bankers drawn from public and private
sectors before being taken up by the 3 Cs. Clear guidelines should be
established for such screening and vetting.
Third, accelerate infrastructure investments, especially in agricultural
storage/ support infrastructure, in post-harvest processing, water
efficiency technologies, extension services etc. to make agriculture more
productive.
Fourth, facilitate new export engines — ‘Make in India’ and ‘Serve in
India’ — with emphasis on defense exports and medical tourism. An
ambitious target of $100 billion over the next 10 years can be set for
these two segments as the world is becoming an increasingly dangerous
place and global population less healthy with chronic diseases for which
India can offer holistic cures.
Lastly, the PM must take a leaf from the book of former Prime Minister,
Narasimha Rao, who was heading a minority government. Despite its
existence on the edge, he dared to bring in a technocrat at that time —
Dr. Manmohan Singh — to launch economic reforms. That was
statesmanship. Mr. Modi needs fresh and bold economic thinking to
steer the future of 1.3 billion aspiring Indians and the next big battle for
the ballot in 2019.
Mapping the not-so-normal monsoon
States where rainfall has been deficient make a difference to crop
prospects
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If you’re statistically inclined, you may be celebrating the fact that the
south-west monsoon for 2017, which is now bowing out, has turned out
to be normal for the second consecutive year. But farmers know that
there can be many shades of grey to an officially ‘normal’ monsoon.
Another bumper year?
India has received a total 841.3 millimetres (mm) of rain in the south-
west monsoon season from June 1 to September 30 this year.
IMD deems the season ‘normal’ if the all-India quantum of rain falls
within a 10% range of its long-period average of 887.5 mm. The 2017
monsoon fell short of the number only by 5%. In fact, the cumulative
rainfall numbers this year aren’t very different from 2016 when the
country recorded 862 mm of rain. This may seem like good news. In
2016-17, India harvested a record crop of cereals (252.7 million tonnes)
and managed a quantum jump in its output of both pulses (16.3 million
tonnes in 2015 to 22.9 million tonnes in 2016) and oilseeds (25 to 32
million tonnes). This contributed to a significant bump-up in the
agriculture leg of the GDP which grew 4.9% in FY17 compared with
0.7% in FY16.
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But expecting an encore of that impressive performance just because this
year’s monsoon has turned out ‘normal’, would be unrealistic. More
than the quantum of rainfall that is dumped on the sub-continent during
the four critical months, it is the spatial and temporal distribution of
rains that make or break crop prospects. On this score, the 2017
monsoon has been quite whimsical.
Patchy distribution
For the purposes of measuring the spatial spread of rainfall, the IMD
categorises India into 36 meteorological sub-divisions.
IMD’s wrap-up of the recent monsoon season tells us that in the just-
concluded monsoon season, 5 of India’s 36 sub-divisions received
excess rains, 25 received normal rains and 6 witnessed deficient rains.
Last year, 4 sub-divisions were showered with excess rains, 23 were
normal and 9 were deficient.
But the devil really lies in the details and the identity of the States that
suffered deficient rains really matter to crop prospects. This year’s
monsoon has played truant in some key food-bowl States. For instance,
West Bengal, Uttar Pradesh and Punjab account for a lion’s share of
kharif rice production. But this year’s monsoon has been 29% below
normal in Uttar Pradesh and 22% short of normal in Punjab. West
Bengal alone has enjoyed a near-normal season, as has much of the
southern peninsula. Madhya Pradesh, which is a critical growing region
for the rabi wheat crop, has seen a deficiency of 20%.
Madhya Pradesh, Rajasthan and Maharashtra are similarly critical for
pulses output. Of these, while Rajasthan has received excess rains (8%
above normal) and Maharashtra has been just about normal, rains
playing truant in Madhya Pradesh look set to impact pulses output.
While excess rains in Gujarat (19% above normal) could augur well for
the groundnut and cotton crops, the patchy show in both Madhya
Pradesh and Haryana (26% below normal) cloud the prospects for
oilseeds such as soyabean, rapeseed, mustard and sunflower. There have
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also been wide variations between growing regions within each state,
which can have a bearing on crop prospects.
Weak ending
Month-wise rainfall patterns during the south-west monsoon also play a
big role in deciding cropping area and yield. In 2016, the monsoon got
off to a snail-paced start, but picked up pace in the latter half of the
season.
But this year’s monsoon has behaved in exactly the opposite fashion.
After excess rains of about 4% and 2% against normal seasonal patterns
in June and July, the months of August and September have seen all-
India rainfall fall 12-13% short of normal levels. Good rains in the
months of June and July may have contributed to good sowing and
coverage of the kharif crops. But deficit rains in August and September
could impact the eventual output by pruning crop yields.
It is also important to note that rainfall in the last two months of the
south-west monsoon dictate reservoir storage and soil moisture, both of
which set the tone for the planting of the winter crops. Though there is
much tracking and analysis of India’s south-west monsoon and the
kharif crop, the rabi season has been equally important to the country’s
agricultural prospects in recent years. Rabi output often matches or even
exceeds the kharif output.
The rabi season accounts for the whole of India’s wheat and gram
harvest, a fourth of the output for coarse cereals and chips in with over a
third of the yearly harvest of urad and moong. Oilseeds such as rapeseed
and mustard, sunflower and safflower are also predominantly winter
crops. Therefore, dry spells in the latter half of this monsoon, taken with
deficient rains in key rabi growing regions, can make for less than rosy
rabi prospects.
All this could explain why the agriculture ministry, in its First Advance
Estimates, has painted a somewhat muted picture of crop prospects for
FY18. The estimates are based mainly on cropping and sowing patterns
and a lot can change on yields and output, as the year progresses. But so
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far, it appears as if India will have a hard time living up to the 4.9%
expansion in agriculture GVA that it so comfortably managed last year.
Why do we need external benchmarks while pricing loans?
An internal Study Group constituted by the Reserve Bank of India (RBI)
has recommended that banks should set interest rates based on an
external benchmark and not as per internal benchmarks as is the practice
now. Here is what you need to know on the subject:
What is the need for external benchmarks?
The Study Group has found that the present loan pricing regime, that is,
the marginal cost of fund based lending rate (MCLR) or the base rate
under the previous regime were both calculated based on banks’ internal
factors such as cost of funds. They are insensitive to changes in the
policy interest rate or repo rate. Analyses by the group suggested that
banks deviated in an ad hoc manner from the specified methodologies
for calculating the base rate and the MCLR to either inflate the base rate
or prevent the base rate from falling in line with the cost of funds.
What external benchmarks are available?
The study group has cited 13 possible candidates as external
benchmarks: the weighted average call rate (WACR), collateralised
borrowing and lending obligation (CBLO) rate, market repo rate, 14-day
term repo rate, G-sec yields, T-Bill rate, certificates of deposit (CD) rate,
Mumbai interbank outright rate (MIBOR), Mumbai inter-bank forward
offer rate (MIFOR), overnight index swap (OIS) rate, Financial
Benchmark India Ltd. (FBIL) CD rates, FBIL T-Bill rates and the
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Reserve Bank’s policy repo rate. The report also said that no instrument
in India met all the requirements of an ideal benchmark.
However, the group shortlisted 3 candidates from these 13 — one of
which could be selected by RBI as external benchmarks after receiving
feedback from all stakeholders. The Study Group is of the view that the
T-Bill rate, the CD rate and the RBI’s policy repo rate are better suited
than other interest rates to serve the role of an external benchmark.
From when will the external benchmark come into effect?
The Study Group has recommended that all floating rate loans extended
beginning April 1, 2018 could be referenced to one of the three external
benchmarks selected by RBI. The report said banks may be advised to
migrate all existing loans to the new benchmark without any conversion
fee or any other charges for switchover on mutually agreed terms within
one year from the introduction of the external benchmark, i.e., by end-
March 2019.
What will the spread be?
The Study Group was of the view that the decision on the spread over
the external benchmark should be left to the commercial judgment of
banks. However, the spread fixed at the time of sanction of loans to all
borrowers, including corporates, should remain fixed all through the
term of the loan, unless there is a clear credit event necessitating a
change in the spread.
What is the reset clause?
The group suggested quarterly interest rate resets as opposed to a one-
year reset as practised now for improvement in monetary transmission.
Will deposits also be linked to the external benchmark?
The report said banks may be encouraged to accept deposits, especially
bulk deposits at floating rates linked directly to one of the three external
benchmarks. The new State Bank of India chairman Rajnish Kumar has
already expressed the need to move deposits rates to an external
benchmark, in case loan prices are based on such benchmarks.
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‘Air pollution affects children’s memory’
PM2.5, black carbon exposure poses risk
Exposure to air pollution on the way to school can have damaging
effects on children’s cognitive development and reduce their working
memory, a study has found.
The study published in the journal Environmental Pollution, led by
researchers from the Barcelona Institute for Global Health (ISGlobal) in
Spain, assessed the impact of fine particulate matter (PM2.5) and black
carbon during the walking commute to and from school.
The findings of an earlier study had shown that 20% of a child’s daily
dose of black carbon — a pollutant directly related to traffic — is
inhaled during urban commutes. “The results of studies have shown that
these short exposures to very high concentrations of pollutants can have
a disproportionately high impact on health,” said Mar Alvarez-Pedrerol,
researcher at ISGlobal.
The study was carried out in Barcelona and enrolled over 1,200 children
aged from seven to 10, from 39 schools, all of whom walked to school.
Statistical analysis of the findings showed that exposure to PM2.5 and
black carbon was associated with a reduction in the growth of working
memory — an interquartile range increase in PM 2.5 and black carbon
levels was associated with a decline of 4.6% and 3.9%, respectively, in
expected annual growth of working memory.
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International Conference on Dialogue of Civilizations – IV (8th –
15th October, 2017)
The Archaeological Survey of India (ASI), Ministry of Culture,
Government of India, in collaboration with National Geographic Society
is hosting an international conference on “Dialogue of Civilizations –
IV” from 8th – 15th October, 2017 at Delhi, Gandhinagar and
Dholavira. This conference is fourth in this series of ‘dialogues’
initiated by National Geographic Society in 2013 with an objective to
encourage scholarly and public discourse about the five ancient, literate
civilizations of the world, i.e. Egypt, Mesopotamia, South Asia, China
and Mesoamerica and how the study of the past can share our present
and future towards the right direction. The first conference of this series
was inaugurated in Guatemala in 2013 followed by Turkey in 2014 and
China in 2015. The present conference is the fourth in this series, with
the final dialogue planned in Egypt.
The inaugural function of the conference held at 4.30 PM on
8.10.2017 at the Banquet Hall, The Ashok, Chanakyapuri, New Delhi.
Dr. Mahesh Sharma, Hon’ble Minister of State (Independent Charge),
Ministry of Culture & Minister of State for Environment, Forest &
Climate Change will inaugurate the opening ceremony in the presence of
Smt. Rashmi Verma, Secretary (Culture & Tourism), Dr. Alexander
Moen, Vice President, Explorer Programs, National Geographic Society,
Smt. Usha Sharma, Director General, Archaeological Survey of India
and Prof. Monica Smith, Cotsen Institute of Archaeology, Los Angeles.
The inaugural function was followed by a lecture by Prof. B.B.
Lal, Padma Bhushan awardee on ‘Harappan Civilization’, which
introduced the earliest civilization of South Asia to the scholars working
on other ancient civilizations and others. The lecture of Prof. B.B. Lal
traced the Harappan Civilization and its history of discovery, and
highlighting on town planning, agriculture and animal husbandry, art
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objects, crafts, trade, both internal and external, script, disposal of dead,
religion, political set up. He gave a brief account of all these aspects.
Besides, Prof. Lal also briefed on some of the new breaking news,
and some unique features which are not found from other parts of the
world. For example, he highlighted on the earliest ploughed field from
Kalibangan in Rajasthan; evidence of earliest datable earthquake from
Kalibangan (Rajasthan); earliest dockyard of the world which was found
at Lothal (Gujarat); unique water management system that have been
found at Dholavira (Gujarat).
Prof. Lal also talked about the evolution of Harappan Civilization
and traced its history to the indigenous cultures only and not from any
external influences. Prof. Lal tried to emphasize on the authorship of the
Harappan civilization and he presented evidences related to, and while
stating this he concludes that it is high time that the Aryan Invasion
Theory has to be written off. He also traces the legacy of the civilization
and quotes many of the customs and traditions of modern times having
its roots to the Harappan civilization.
Prime Minister launches Intensified Mission Indradhanush (IMI)
Let no child suffer from any vaccine-preventable disease: Prime
Minister
Improving the health status of children of our country is amongst
the top priorities of the Government: Sh J P Nadda
"Let no child suffer from any vaccine-preventable disease". This was
stated by Prime Minister Shri Narendra Modi as he launched the
Intensified Mission Indradhanush (IMI) at Vadnagar in Gujarat, today.
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Through this programme, Government of India aims to reach each and
every child under two years of age and all those pregnant women who
have been left uncovered under the routine immunisation programme.
The special drive will focus on improving immunization coverage in
select districts and cities to ensure full immunization to more than 90%
by December 2018. The achievement of full immunisation under
Mission Indradhanush to at least 90% coverage was to be achieved by
2020 earlier. With the launch of IMI, achievement of the target has now
been advanced.
Shri Vijaybhai Rupani, Chief Minister of Gujarat, Shri J P Nadda, Union
Minister of Health and Family Welfare, Smt. Anandiben Patel, Ex-Chief
Minister of Gujarat, Nitin Bhai Patel, Dy Chief Minister of Gujarat and
Shankarbhai Chaudhary, Minister of State, Gujarat Health and Family
Welfare and Medical Education, Environment and Urban Development
were also present at the launch function along with other dignitaries.
Speaking on the occasion to a packed audience, Shri Narendra Modi
stated that the Government has made immunization a people's and a
social movement. The Prime Minister made a strong appeal to all those
present in the audience and the country men and women to own the
programme in order to make all efforts to reduce maternal and child
mortality.
The Prime Minister also highlighted other achievements of the
Government including the new National Health Policy 2017 which has
been unveiled after fifteen years, and is people-centered. “Regulating of
the prices of stents has immensely helped a large section of the country
by reducing the cost of healthcare on the middle income group and poor
families”, Shri Narendra Modi added. The Prime Minister expressed
satisfaction at the success of the Pradhan Mantri Matritva Suraksha
Abhiyaan where private doctors have volunteered to provide free ANC
services to pregnant women on the 9th of every month along with
government doctors.
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Speaking at the function, Shri J P Nadda, Union Minister of Health and
Family Welfare, said that the unwavering support of the Prime Minister
has always been a source of great inspiration. He added that improving
the health status of the children of the country is amongst the top
priorities of the Government. Shri Nadda informed that the four phases
of Mission Indradhanush have reached to more than 2.53 crore children
and 68 lakh pregnant women with life-saving vaccines including 5.21
lakh children & 1.27 lakh pregnant women in Gujarat. Through this
mission, we have accelerated our progress towards our target of 90% full
immunization coverage, he stated. Earlier the increase in full
immunization coverage was 1% per year which has increased to 6.7%
per year through the first two phases of ‘Mission Indradhanush’.
With a sharpened focus on high priority districts and urban areas, under
IMI, four consecutive immunization rounds will be conducted for 7 days
in 173 districts -- 121 districts and 17 cities in 16 states and 52 districts
in 8 north eastern states -- every month between October 2017 and
January 2018. Intensified Mission Indradhanush will cover low
performing areas in the selected districts and urban areas. These areas
have been selected through triangulation of data available under national
surveys, Health Management Information System data and World Health
Organization concurrent monitoring data. Special attention will be given
to unserved/low coverage pockets in sub-centre and urban slums with
migratory population. The focus is also on the urban settlements and
cities identified under National Urban Health Mission (NUHM).
Intensified Mission Indradhanush will have inter-ministerial and inter-
departmental coordination, action-based review mechanism and
intensified monitoring and accountability framework for effective
implementation of targeted rapid interventions to improve the routine
immunization coverage. IMI is supported by 11 other ministries and
departments, such as Ministry of Women and Child Development,
Panchayati Raj, Ministry of Urban Development, Ministry of Youth
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Affairs among others. The convergence of ground level workers of
various departments like ASHA, ANMs, Anganwadi workers, Zila
preraks under National Urban Livelihood Mission (NULM), self-help
groups will be ensured for better coordination and effective
implementation of the programme.
Intensified Mission Indradhanush would be closely monitored at the
district, state and central level at regular intervals. Further, it would be
reviewed by the Cabinet Secretary at the National level and will
continue to be monitored at the highest level under a special initiative
‘Proactive Governance and Timely Implementation (PRAGATI)’.
This Intensified Mission is driven based on the information received
from gap assessment, supervision through government, concurrent
monitoring by partners, and end-line surveys. Under IMI, special
strategies are devised for rigorous monitoring of the programme. States
and districts have developed coverage improvement plans based on gap
self-assessment. These plans are reviewed from state to central level
with an aim to reach 90% coverage by December 2018.
An appreciation and awards mechanism is also conceived to recognize
the districts reaching more than 90% coverage. The criteria includes best
practices and media management during crisis. To acknowledge the
contribution of the partners/Civil Society Organization (CSOs) and
others, Certificate of Appreciation will be given.
At the function, the Prime Minister also dedicated the GMERS Medical
College, Vadnagar to the nation and launched the Innovative Mobile
Phone Technology for Community Health Operation (ImTeCHO) for
improving coverage of community based maternal, neonatal and infant
health services to reduce neonatal and infant mortality in Gujarat by
empowering health staff through use of innovative mobile phone
application. GMERS Medical College serves nearly 400-500 outdoor
patients and 80-100 indoor patients daily.
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प्रधानमंत्री ने सघन ममशन इंद्रधनुष का उद्घाटन ककया
टीके से इलाज संभव होने की स्थिति में कोई भी बच्चा टीके से वंचचि न रहे : प्रधानमंत्री
देश के बच्चों के थवाथ्य में सुधार सरकार की सवोच्च प्रािममकिा :
श्री जे.पी.नड्डा
प्रधानमंत्री श्री नरेन्द्र मोदी ने कहा है कक यदद टीके से ककसी रोग का इलाज संभव है तो ककसी भी बच्चे को टीके का अभाव नहीं होना चादहए। प्रधानमंत्री आज गुजरात के वडनगर में सघन ममशन इंरधनुष का शुभारंभ कर रहे थे। उन्द्होंने कहा कक इस काययक्रम के जररए भारत सरकार ने दो वषय की आयु के प्रत्येक बच्चे और उन गभयवती माताओ ंतक पहंुचने का लक्ष्य रखा है जो टीकाकरण काययक्रम के अंतगयत यह सुववधा नहीं पा सके हैं। ववशेष अमभयान के तहत टीकाकरण पहंुच में सुधार के मलए चनेु हुए जजलों और राज्यों में ददसंबर 2018 तक पूणय टीकाकरण से 90 प्रततशत से अधधक का लक्ष्य रखा गया है। ममशन इंरधनुष के अंतगयत 2020 तक पूणय टीकाकरण का लक्ष्य रखा गया है। इसके तहत 90 प्रततशत क्षेत्रों को शाममल ककया जाना है। गुजरात के मुख्यमंत्री श्री ववजय भाई रूपानी, कें रीय स्वास््य और पररवार कल्याण मंत्री श्री जे.पी.नड्डा, गुजरात की पूवय मुख्यमंत्री श्रीमती आनंदीबेन पटेल, गुजरात के उप-मुख्यमंत्री श्री तनततनभाई पटेल, गुजरात के स्वास््य और पररवार कल्याण और धचककत्सा मशक्षा, पयायवरण एवं
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शहरी ववकास मंत्री शंकर भाई चौधरी सदहत अन्द्य ववमशष्ट व्यजतत भी इस अवसर पर उपजस्थत थे। खचाखच भरे पररसर में जनसमुदाय को संबोधधत करत े हुए प्रधानमंत्री श्री नरेन्द्र मोदी ने कहा कक सरकार ने टीकाकरण को लोगों को जन एवं सामाजजक आदंोलन बनाया है। प्रधानमंत्री ने लोगों से जोरदार अपील की कक वे मात ृएवं मशशु मतृ्यु दर को रोकने के मलए चलाए जा रहे काययक्रम को अपनाए और इस ददशा में सरकार को सहयोग दें। प्रधानमंत्री ने सरकार की अन्द्य उपलजधधयों के बारे में भी जानकारी दी। उन्द्होंने कहा कक उनकी सरकार 15 वषों के बाद नई राष्रीय स्वास््य नीतत, 2017 लाई है जो जनकें दरत है। प्रधानमंत्री ने कहा कक सरकार ने स्टंट की कीमतों का ववतनयमन ककया है जजससे बडी संख्या में देश के लोगों का भला हुआ है। इससे मध्यम आय वगय और गरीब पररवारों के मलए स्वास््य के्षत्र में खचय में कटौती हुई है। प्रधानमंत्री मात्ततृ्व सुरक्षा अमभयान की सफलता पर संतोष व्यतत ककया। उन्द्होंने कहा कक तनजी डॉतटरों ने सरकारी डॉतटरों के साथ हर महीने की 9 तारीख को गभयवती मदहलाओ ं को तनिःशुल्क सेवाएं देने की पहल की है। इस अवसर पर कें रीय स्वास््य और पररवार कल्याण मंत्री श्री जे.पी.नड्डा ने कहा कक प्रधानमंत्री का अपार समथयन उनके मलए पे्ररणास्रोत रहा है। उन्द्होंने यह भी कहा कक देश के बच्चों में स्वास््य सुधार सरकार की सवोच्च प्राथममकता है। श्री नड्डा ने सूधचत ककया कक ममशन इंरधनुष के चार चरणों के तहत 2.53 करोड बच्चे और 68 लाख
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गभयवती मदहलाओँ को जीवनरक्षक टीकें उपलधध कराए गए हैं। इनमें से 5.21 लाख बच्चे और 1.27 लाख गभयवती मदहलाएं गुजरात से हैं। उन्द्होंने बताया कक ममशन इंरधनुष के जररए हम 90 प्रततशत पूणय टीकाकरण के लक्ष्य को हामसल कर लेंगे। इससे पहले पूणय टीकाकरण, कवरेज में वदृ्धध का लक्ष्य हर वषय 1 प्रततशत था। ममशन इंरधनुष पहले दो चरणों में टीकाकरण में 6.7 प्रततशत प्रततवषय की बढोत्तरी दजय की गई है। अततूबर 2017 और जनवरी 2018 के बीच हर महीने सघन ममशन इंरधनुष काययक्रम के तहत सवोच्च प्राथममकता वाले जजलों और शहरी के्षत्रों में 173 जजलों, 16 राज्यों के 121 जजलों और 17 शहरों और 8 पूवोत्तर राज्यों के 52 जजलों में तनरंतर टीकाकरण का दौर जारी रहेगा। सघन ममशन इंरधनुष काययक्रम चुतनदंा में ऐसे जजलों और शहरी के्षत्रों में वाले के्षत्रों में चलाया जाएगा जहां टीकाकरण कम हुआ है। यह के्षत्र राष्रीय सवेक्षण, स्वास््य प्रबंध सूचना प्रणाली डटेा एवं ववश्व स्वास््य संगठन से प्राप्त आकंडों के आधार पर तय ककए जाएंगे। एक स्थान से दसूरे स्थान पर प्रवास करने वाले शहरी झुग्गी-झोपडडयों और उप-कें रों में ऐसे के्षत्रों पर ववशेष ध्यान ददया जाएगा जहां टीकाकरण या तो नहीं हुआ या उसका प्रततशत बहुत कम है। राष्रीय शहरी स्वास््य ममशन के अंतगयत शहरी बजस्तयों और शहरों पर ववशेष ध्यान कें दरत ककया जाएगा । सघन ममशन इंरधनुष टीकाकरण कवरेज में सुधार के मलए अंतरमंत्रालय
Tathagat Best institute for UPSC & MPPSC
H-309, 3rd Floor, Sundram Complex, Bhanwar Kuan, Indore (M.P.) Ph. : 0731-4002328 Contact : 84351-81328,
8839177961 www.tathagatias.com Page 48
और अंतर ववभागीय समन्द्वय, कारयवाई आधाररत समीक्षा प्रबंध एवं सघन तनगरानी और जवाबदेही प्रणाली अपनाई जाएगी ताकक लक्षक्षत के्षत्रों में प्रभावी टीकाकरण का लक्ष्य हामसल ककया जा सके। इस काययक्रम में 11 अन्द्य मंत्रालय और ववभाग भी अपना समथयन प्रदान कर रहे हैं। मदहला एवं बाल ववकास मंत्रालय, पंचायती राज, शहरी ववकास, युवा कायय एव ं अन्द्य मंत्रालयों ने सघन ममशन इंरधनुष काययक्रम में अपना सहयोग ददया है। जमीनी स्तर पर कायय करने वाले ववमभन्द्न लोगों के जररए इस काययक्रम को प्रभावी ढंग से कायायजन्द्वत ककया जाएगा। आशा, आगंनबाडी वकय र, राष्रीय शहरी जीववका ममशन के अंतगयत जजला पे्ररक और स्वयंसेवी संगठनों के बेहतर समन्द्वय और प्रभावी कायायन्द्वयन के जररए यह काययक्रम चलाया जाएगा। जजला, राज्य और कें रीय स्तर पर तनयममत अंतराल के दौरान सघन ममशन इंरधनुष की कडी तनगरानी की जाएगी। बाद में राष्रीय स्तर पर मंत्रत्रमंडलीय सधचव इसकी समीक्षा करेंगे। प्रगतत काययक्रम के तहत सवोच्च स्तर पर इसकी तनगरानी होगी। सघन ममशन इंरधनुष काययक्रम में सरकार द्वारा तनरीक्षण, सहायकों की तनगरानी और सवेक्षण के जररए चलाया जाएगा। इस काययक्रम की तनगरानी के मलए ववशेष रणनीतत बनाई गई है। राज्य और जजला स्तर पर आत्मावलोकन के अंतराल पर आधाररत सुधार योजना तैयार की गई है। ये योजनाएं राज्य से कें रीय स्तर तक चलाई जाएंगी ताकक ददसंबर 2018 तक 90 प्रततशत तक टीकाकरण का लक्ष्य हामसल ककया जा
Tathagat Best institute for UPSC & MPPSC
H-309, 3rd Floor, Sundram Complex, Bhanwar Kuan, Indore (M.P.) Ph. : 0731-4002328 Contact : 84351-81328,
8839177961 www.tathagatias.com Page 49
सके। 90 प्रततशत से अधधक का लक्ष्य हामसल करने वाले जजलों के मलए मूल्यांकन और पुरस्कार पद्धतत अपनाई जाएगी। लक्ष्य के मागय में अवरोधों की जस्थतत में बेहतरी के मलए पद्धतत अपनाई जाएगी और मीडडया प्रबंधन के द्वारा जागरूकता अमभयान चलाए जाएंगे। साझीदारों/नाधगरक सोसाइटी संगठनों और अन्द्यों के सहयोग से प्रशंसा प्रमाणपत्र प्रदान ककए जाएंगे। समारोह में प्रधानमंत्री ने जीएमईआरएस धचककत्सा कॉलेज वडनगर को देश को समवपयत ककया। उन्द्होंने समुदाय स्वास््य अमभयान के मलए नवप्रवतयनशील मोबाइल फोन टेतनोलॉजी का शुभारंभ भी ककया। इससे समुदाय आधाररत मात ृ एवं मशशु स्वास््य सेवाओ ं का कवरेज संभव होगा और गुजरात में मात ृ और मशशु मतृ्यु दर को कम करने में सहायता ममलेगी। जीएमईआरएस मेडडकल कॉलेज में प्रततददन 400 से 500 बाहरी मरीज और 80 से 100 स्थानीय मरीजों का इलाज होता है। उन्द्नततशील मोबाइल फोन एप्लीकेशन के जररए स्वास््य सेवाओ ं के सुदृढ करने में सहायता ममलेगी।
Tathagat Best institute for UPSC & MPPSC
H-309, 3rd Floor, Sundram Complex, Bhanwar Kuan, Indore (M.P.) Ph. : 0731-4002328 Contact : 84351-81328,
8839177961 www.tathagatias.com Page 50