PPT: Daily Analysis of 'The Hindu'- 1st Sept, 2020 Notes | EduRev

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Current Affairs : PPT: Daily Analysis of 'The Hindu'- 1st Sept, 2020 Notes | EduRev

 Page 1


01-09-2020
1
A A L Y S A L I S N
01-SEPTEMBER-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
GST reform needs a new grand bargain (Editorial)
10 8 8 8
2
Tamil Nadu rejects Centre’s options for GST compensation 
7 - - -
3
Kerala FM chairs meet of States on Centre’s GST dues
12 10 10 -
4
Six States forge unity on GST compensation 
- - - 1
5
Taking a leaf out of the Air Force (OPED)
11 9 9 9
6
GDP falls 23.9% in first quarter 
1, 12 1, 10 1, 10 1, 10
7
Estimates not surprising as govt. did nothing to stop slide
14 12 12 12
8
Conservation work on grand mosque nearing completion
- - - 2
9
PLA aggression blocked at Pangong Tso
1, 12 1, 10 1, 10 1, 10
10
Prelims Practice Questions
The Hindu News Analysis – 01
st
September 2020
Page 2


01-09-2020
1
A A L Y S A L I S N
01-SEPTEMBER-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
GST reform needs a new grand bargain (Editorial)
10 8 8 8
2
Tamil Nadu rejects Centre’s options for GST compensation 
7 - - -
3
Kerala FM chairs meet of States on Centre’s GST dues
12 10 10 -
4
Six States forge unity on GST compensation 
- - - 1
5
Taking a leaf out of the Air Force (OPED)
11 9 9 9
6
GDP falls 23.9% in first quarter 
1, 12 1, 10 1, 10 1, 10
7
Estimates not surprising as govt. did nothing to stop slide
14 12 12 12
8
Conservation work on grand mosque nearing completion
- - - 2
9
PLA aggression blocked at Pangong Tso
1, 12 1, 10 1, 10 1, 10
10
Prelims Practice Questions
The Hindu News Analysis – 01
st
September 2020
01-09-2020
2
Pg – 10 – C;
Pg – 8 – B, H, D 
Pg – 12 – C; Pg – 10 – D, B
Pg – 1 – Hyderabad Edition
Pg – 7 – Chennai 
Edition
Page 3


01-09-2020
1
A A L Y S A L I S N
01-SEPTEMBER-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
GST reform needs a new grand bargain (Editorial)
10 8 8 8
2
Tamil Nadu rejects Centre’s options for GST compensation 
7 - - -
3
Kerala FM chairs meet of States on Centre’s GST dues
12 10 10 -
4
Six States forge unity on GST compensation 
- - - 1
5
Taking a leaf out of the Air Force (OPED)
11 9 9 9
6
GDP falls 23.9% in first quarter 
1, 12 1, 10 1, 10 1, 10
7
Estimates not surprising as govt. did nothing to stop slide
14 12 12 12
8
Conservation work on grand mosque nearing completion
- - - 2
9
PLA aggression blocked at Pangong Tso
1, 12 1, 10 1, 10 1, 10
10
Prelims Practice Questions
The Hindu News Analysis – 01
st
September 2020
01-09-2020
2
Pg – 10 – C;
Pg – 8 – B, H, D 
Pg – 12 – C; Pg – 10 – D, B
Pg – 1 – Hyderabad Edition
Pg – 7 – Chennai 
Edition
01-09-2020
3
Part A—Preliminary Examination
Paper I - (200 marks) 
? C u r r e n t e v e nt s o f n a t i o n a l a n d i n t e r n a t i o n a l i m por t a nc e .
? Ec o n o m i c a n d S o c i a l D e v e l o p m e n t - S us t a i na bl e
D e v e l opm e n t , P ov e r t y , I nc l u s i o n , D e m og r a p h i c s , S o c i a l
S e c t o r I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-III 
General Studies-II: Governance, Constitution, Polity, Social
Justice and International relations
• F un c t i o n s a n d r e s p o n s i bi l i t i e s o f t h e U n i on a n d t he S t a t e s ,
i s s u e s a n d c h a l l e n g e s p e r t a i n i ng t o t h e f e d e r a l s t r u c t u r e ,
d e v ol u t i o n o f p o w e r s a nd f i n a n c e s u p t o l oc a l l e v e l s a nd
c h a l l e n g e s t he r e i n .
PAPER-IV
General Studies-III: Technology, Economic Development,
Biodiversity, Environment, Security and Disaster
Management
• I n d i a n E c o n o m y a n d i s s u e s r e l a t i n g t o pl a n n i n g , m obi l i z a t i o n ,
o f r e s our c e s , gr ow t h , d e v e l o p m e n t a n d e m p l o y m e nt .
• Projected shortfall in GST revenue for the
states for FY 2020-21 would be ?3 lakh
crores.
? Compensation cess available - ?65, 000
crores.
? Unmet shortfall - ?2.35 lakh crores.
The GST (Compensation to States) Act, 2017
• Section 7 - the compensation under this Act
shall be payable to any State during the
transition period, which is a period of 5
years from the date on which the State GST
Act of the concerned State came in to force.
• Section 8 - to levy and collect a
compensation cess for providing compensation
to the States for a period of five years or
for such period as may be prescribed on the
recommendations of the Council.
• Out of the 3-lakh crore revenue shortfall, only
Rs. 65, 000 crores could be met through
compensation cess collection.
? Of the remaining 2.35 lakh crores, only
around Rs. 97, 000 crores shortfall can be
attributed to implementation of GST
? Remaining 1.38 lakh crores is due to
COVID-19
• Realising other than Rs. 65, 000 crores, is up
to the states through two borrowing options
given by the Centre.
Page 4


01-09-2020
1
A A L Y S A L I S N
01-SEPTEMBER-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
GST reform needs a new grand bargain (Editorial)
10 8 8 8
2
Tamil Nadu rejects Centre’s options for GST compensation 
7 - - -
3
Kerala FM chairs meet of States on Centre’s GST dues
12 10 10 -
4
Six States forge unity on GST compensation 
- - - 1
5
Taking a leaf out of the Air Force (OPED)
11 9 9 9
6
GDP falls 23.9% in first quarter 
1, 12 1, 10 1, 10 1, 10
7
Estimates not surprising as govt. did nothing to stop slide
14 12 12 12
8
Conservation work on grand mosque nearing completion
- - - 2
9
PLA aggression blocked at Pangong Tso
1, 12 1, 10 1, 10 1, 10
10
Prelims Practice Questions
The Hindu News Analysis – 01
st
September 2020
01-09-2020
2
Pg – 10 – C;
Pg – 8 – B, H, D 
Pg – 12 – C; Pg – 10 – D, B
Pg – 1 – Hyderabad Edition
Pg – 7 – Chennai 
Edition
01-09-2020
3
Part A—Preliminary Examination
Paper I - (200 marks) 
? C u r r e n t e v e nt s o f n a t i o n a l a n d i n t e r n a t i o n a l i m por t a nc e .
? Ec o n o m i c a n d S o c i a l D e v e l o p m e n t - S us t a i na bl e
D e v e l opm e n t , P ov e r t y , I nc l u s i o n , D e m og r a p h i c s , S o c i a l
S e c t o r I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-III 
General Studies-II: Governance, Constitution, Polity, Social
Justice and International relations
• F un c t i o n s a n d r e s p o n s i bi l i t i e s o f t h e U n i on a n d t he S t a t e s ,
i s s u e s a n d c h a l l e n g e s p e r t a i n i ng t o t h e f e d e r a l s t r u c t u r e ,
d e v ol u t i o n o f p o w e r s a nd f i n a n c e s u p t o l oc a l l e v e l s a nd
c h a l l e n g e s t he r e i n .
PAPER-IV
General Studies-III: Technology, Economic Development,
Biodiversity, Environment, Security and Disaster
Management
• I n d i a n E c o n o m y a n d i s s u e s r e l a t i n g t o pl a n n i n g , m obi l i z a t i o n ,
o f r e s our c e s , gr ow t h , d e v e l o p m e n t a n d e m p l o y m e nt .
• Projected shortfall in GST revenue for the
states for FY 2020-21 would be ?3 lakh
crores.
? Compensation cess available - ?65, 000
crores.
? Unmet shortfall - ?2.35 lakh crores.
The GST (Compensation to States) Act, 2017
• Section 7 - the compensation under this Act
shall be payable to any State during the
transition period, which is a period of 5
years from the date on which the State GST
Act of the concerned State came in to force.
• Section 8 - to levy and collect a
compensation cess for providing compensation
to the States for a period of five years or
for such period as may be prescribed on the
recommendations of the Council.
• Out of the 3-lakh crore revenue shortfall, only
Rs. 65, 000 crores could be met through
compensation cess collection.
? Of the remaining 2.35 lakh crores, only
around Rs. 97, 000 crores shortfall can be
attributed to implementation of GST
? Remaining 1.38 lakh crores is due to
COVID-19
• Realising other than Rs. 65, 000 crores, is up
to the states through two borrowing options
given by the Centre.
01-09-2020
4
Option I
• The shortfall arising out of GST
implementation, (Rs. 97,000 crores) will be
borrowed by States through issue of debt
under a Special Window coordinated by the
Ministry of Finance.
? The centre has agreed to keep the cost
of debt at or close to the G-sec yield.
? If the interest increases, some margin
will be borne by the centre through
subsidy.
• The interest on the borrowing under the
Special Window will be paid from the Cess
until the end of the transition period.
• After the transition period, principal and
interest will also be paid from proceeds of
the Cess - the cess arrangement will be
extended beyond the transition period.
• The States will not be required to service the
debt or to repay it from any other source.
• Borrowing under the Special Window will not be
treated as debt of the State for any norms
which may be prescribed by the Finance
Commission etc.
Option II
• The entire shortfall of Rs 235,000 crores may
be borrowed by States through issue of market
debt.
• The principal on the amount will be paid from
Cess after the transition period.
• The interest shall be paid by the States from
their resources.
• Under this, Rs. 97, 000 crore will not be
treated as debt of the state.
Editorial
• The onus is on the centre
? As centre is well positioned in terms of
borrowing options and in getting debt at low
interest rates than the states.
? Fighting this recession through increased
fiscal stimulus is basically the job of
macroeconomic stabilisation, which is the
domain of the centre.
? Centre moving away from its promise may
cause a serious dent in the trust between
the Centre and States.
Important reforms required in existing GST
implementation
• GST must include all goods and services with
very few exceptions, such as food and medicine.
• Adopt a low and a standard rate of 12% for
at least five years, almost for all Goods and
Services.
? 10% - equally shared between the States and
the Centre,
? 2% - exclusively for the urban and rural
local bodies.
• Simplification of implementation of interstate
GST and the administration of the e-way bill.
Page 5


01-09-2020
1
A A L Y S A L I S N
01-SEPTEMBER-2020
S. 
No.
News Articles
Page Number* 
C B D H T
1
GST reform needs a new grand bargain (Editorial)
10 8 8 8
2
Tamil Nadu rejects Centre’s options for GST compensation 
7 - - -
3
Kerala FM chairs meet of States on Centre’s GST dues
12 10 10 -
4
Six States forge unity on GST compensation 
- - - 1
5
Taking a leaf out of the Air Force (OPED)
11 9 9 9
6
GDP falls 23.9% in first quarter 
1, 12 1, 10 1, 10 1, 10
7
Estimates not surprising as govt. did nothing to stop slide
14 12 12 12
8
Conservation work on grand mosque nearing completion
- - - 2
9
PLA aggression blocked at Pangong Tso
1, 12 1, 10 1, 10 1, 10
10
Prelims Practice Questions
The Hindu News Analysis – 01
st
September 2020
01-09-2020
2
Pg – 10 – C;
Pg – 8 – B, H, D 
Pg – 12 – C; Pg – 10 – D, B
Pg – 1 – Hyderabad Edition
Pg – 7 – Chennai 
Edition
01-09-2020
3
Part A—Preliminary Examination
Paper I - (200 marks) 
? C u r r e n t e v e nt s o f n a t i o n a l a n d i n t e r n a t i o n a l i m por t a nc e .
? Ec o n o m i c a n d S o c i a l D e v e l o p m e n t - S us t a i na bl e
D e v e l opm e n t , P ov e r t y , I nc l u s i o n , D e m og r a p h i c s , S o c i a l
S e c t o r I n i t i a t i v e s , e t c .
Part B—Main Examination 
PAPER-III 
General Studies-II: Governance, Constitution, Polity, Social
Justice and International relations
• F un c t i o n s a n d r e s p o n s i bi l i t i e s o f t h e U n i on a n d t he S t a t e s ,
i s s u e s a n d c h a l l e n g e s p e r t a i n i ng t o t h e f e d e r a l s t r u c t u r e ,
d e v ol u t i o n o f p o w e r s a nd f i n a n c e s u p t o l oc a l l e v e l s a nd
c h a l l e n g e s t he r e i n .
PAPER-IV
General Studies-III: Technology, Economic Development,
Biodiversity, Environment, Security and Disaster
Management
• I n d i a n E c o n o m y a n d i s s u e s r e l a t i n g t o pl a n n i n g , m obi l i z a t i o n ,
o f r e s our c e s , gr ow t h , d e v e l o p m e n t a n d e m p l o y m e nt .
• Projected shortfall in GST revenue for the
states for FY 2020-21 would be ?3 lakh
crores.
? Compensation cess available - ?65, 000
crores.
? Unmet shortfall - ?2.35 lakh crores.
The GST (Compensation to States) Act, 2017
• Section 7 - the compensation under this Act
shall be payable to any State during the
transition period, which is a period of 5
years from the date on which the State GST
Act of the concerned State came in to force.
• Section 8 - to levy and collect a
compensation cess for providing compensation
to the States for a period of five years or
for such period as may be prescribed on the
recommendations of the Council.
• Out of the 3-lakh crore revenue shortfall, only
Rs. 65, 000 crores could be met through
compensation cess collection.
? Of the remaining 2.35 lakh crores, only
around Rs. 97, 000 crores shortfall can be
attributed to implementation of GST
? Remaining 1.38 lakh crores is due to
COVID-19
• Realising other than Rs. 65, 000 crores, is up
to the states through two borrowing options
given by the Centre.
01-09-2020
4
Option I
• The shortfall arising out of GST
implementation, (Rs. 97,000 crores) will be
borrowed by States through issue of debt
under a Special Window coordinated by the
Ministry of Finance.
? The centre has agreed to keep the cost
of debt at or close to the G-sec yield.
? If the interest increases, some margin
will be borne by the centre through
subsidy.
• The interest on the borrowing under the
Special Window will be paid from the Cess
until the end of the transition period.
• After the transition period, principal and
interest will also be paid from proceeds of
the Cess - the cess arrangement will be
extended beyond the transition period.
• The States will not be required to service the
debt or to repay it from any other source.
• Borrowing under the Special Window will not be
treated as debt of the State for any norms
which may be prescribed by the Finance
Commission etc.
Option II
• The entire shortfall of Rs 235,000 crores may
be borrowed by States through issue of market
debt.
• The principal on the amount will be paid from
Cess after the transition period.
• The interest shall be paid by the States from
their resources.
• Under this, Rs. 97, 000 crore will not be
treated as debt of the state.
Editorial
• The onus is on the centre
? As centre is well positioned in terms of
borrowing options and in getting debt at low
interest rates than the states.
? Fighting this recession through increased
fiscal stimulus is basically the job of
macroeconomic stabilisation, which is the
domain of the centre.
? Centre moving away from its promise may
cause a serious dent in the trust between
the Centre and States.
Important reforms required in existing GST
implementation
• GST must include all goods and services with
very few exceptions, such as food and medicine.
• Adopt a low and a standard rate of 12% for
at least five years, almost for all Goods and
Services.
? 10% - equally shared between the States and
the Centre,
? 2% - exclusively for the urban and rural
local bodies.
• Simplification of implementation of interstate
GST and the administration of the e-way bill.
01-09-2020
5
Pg – 11 – C;
Pg – 9 – B, H, D 
Part A—Preliminary Examination
Paper I - (200 marks) 
? C ur r e n t e v e n t s of na t i ona l a n d i n t e r n a t i o n a l
i m p or t a nc e .
Part B—Main Examination 
PAPER-III 
General Studies- II: Governance, Constitution, Polity, 
Social Justice and International relations
• S t a t u t or y , r e g u l a t o r y a nd v a r i ou s qu a s i - j u di c i a l b od i e s .
• G ov e r n m e n t pol i c i e s a n d i nt e r v e n t i o n s f or
d e v e l o pm e n t i n v a r i ou s s e c t o r s a n d i s s ue s a r i s i ng o u t
o f t h e i r d e s i g n a nd i m p l e m e nt a t i o n .
PAPER-IV
General Studies-III: Technology, Economic
Development, Biodiversity, Environment, Security and
Disaster Management
• V a r i o u s S e c u r i t y f o r c e s a nd a g e n c i e s a n d t h e i r
m a n d a t e .
Central Armed Police Forces (CAPFs)
• Under the Ministry of Home Affairs,
1. Assam Rifles (AR)
2. Border Security Force (BSF)
3. Central Industrial Security Force (CISF)
4. Central Reserve Police Force (CRPF)
5. Indo Tibetan Border Police (ITBP)
6. National Security Guard (NSG)
7. Sashastra Seema Bal (SSB)
Read More
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