Daily Analysis

An in-depth analysis of the best and most relevant editorials of the day from the best dailies known for civil services preparation.

DAILY CURRENT AFFAIRS, 10th August2019

IIT Guwahati develops hand-held device to detect bacteria without going to lab

Focus: GS3.

Topic: Science and Technology-indigenization of technology and developing new technology.

Image result for IIT Guwahati develops hand-held device to detect bacteria without going to lab

Context

  • Researchers at Indian Institute of Technology, Guwahati have developed a low-cost, hand-held device to detect bacteria called as Organic Field Effect Transistor (OFET).
  • The device has the ability to detect bacteria rapidly without the need for cell culture and microbiological assays.

About OFET

  • The OFET is an electronic device that works on the principle which charges in the vicinity of the channels of certain semiconductors which can induce a current in them. 
  • Thus, the charges on the surface of the bacterium induces a current in the OFET which is registered and read.

Highlights

  • The device can not only detect bacteria but also differentiate between Gram positive and Gram negative bacteria.
  • The device was developed in a bid to overcome the prevailing challenge of detecting bacterial infection through time-consuming techniques.
  • The device will enable rapid detection of bacteria which is important not only in healthcare but also help in monitoring environmental applications. 
  • At present, the detection of bacteria in body fluids is done in laboratories.

Source: The Hindu.

Pakistan halts Samjhauta Express at Wagah,Indian crew brings it in 

Focus: GS3.

Topic: Infrastructure: Energy, Ports, Roads, Airports, Railways etc.

Context

  • Pakistan has taken more retaliatory actions in response to India’s decision to revoke Jammu and Kashmir’s special status under Article 370.
  • Pakistan has stopped the Samjhauta Express on their side at Wagah border citing security concerns. 

Background

  • It has also decided to downgrade it diplomatic ties with India and has suspended bilateral trade. 
  • Pakistan has also decided to approach the United Nations, including the UN Security Council over India’s move on Kashmir.

About the Samjautha Express

  • The Samjhauta express commonly called the Friendship Express is a bi-weekly train that runs on Monday and Thursday between Delhi and Attari in India and Lahore in Pakistan. 
  • The train was started in 1976 following the Shimla Agreement.

Source: The Hindu. 

PM Modi to people of J&K, Ladakh: Your representatives will be elected by you, among you

Focus: GS2.

Topic: Functions and responsibilities of the Union and the States, issues and challenges pertaining to the federal structure, devolution of powers and finances up to local levels and challenges therein.

Why in News?

  • Indian Prime Minister has addressed the nation for the first time since the Parliament has approved the Constitution (Application to Jammu and Kashmir) Order, 2019.
  • The order effectively abrogates the special status accorded to Jammu and Kashmir under the provision of Article 370.

Background

  • The Parliament has also passed the Jammu and Kashmir (Reorganisation) Bill, 2019.
  • The bill bifurcates the State into two separate union territories of Jammu and Kashmir (with legislature) and Ladakh (without legislature).
  • Prime minister has assured the J&K that Article 370 of the Constitution had been removed for their benefit, to fulfill the aspirations of the people, and to lift roadblocks on the path to development and progress of the region.

Highlights

  • Prime minister said that Jammu & Kashmir will not remain a Union territory for long and would regain its statehood. 
  • However, the UT status for Ladakh will continue with the Centre seeing it as its special responsibility.
  • He also said that Article 370 had failed to benefit J&K and has only led to separatism, terrorism and corruption. 
  • He also emphasised that doing away with Article 370 and the reorganisation of J&K was an internal matter of India.
  • He said that doing away of Article 370 and scrapping of Article 35A would soon see their negative effects fading away. 
  • The important laws like right to education and political reservations for SCs and STs would apply to J&K.
  • Further, he said that a plant in Ladakh called Solo which is a boon to those living in high altitudes can be sold worldwide as it has vast medicinal properties.

Source: The Hindu.

CBDT eases plight of start-ups with pending angel tax cases

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Image result for angel tax india

Context

  • The Central Board of Direct Taxes (CBDT) has issued a circular on angel taxes on startups.
  • The circular has instructed income tax officers that registered startup companies that have already been selected for verification under the angel tax provision will not be scrutinised. 

Background

  • Further, even unregistered companies have been given relief with the assessing officer being allowed to scrutinise them only after getting permission from his superior officer.
  • This development comes after finance minister in the budget had said that startups who file requisite declarations and provide information in their returns will not be subjected to any kind of scrutiny in respect of valuations of share premiums. 

About Angel Tax

  • Angel Tax is a 30% tax that is levied on the funding received by startups from an Angel investor. 
  • However, this 30% tax is levied when startups receive angel funding at a valuation higher than its ‘fair market value’. 
  • It is counted as income to the company and is taxed.
  • Section 56(2)(vii)(b) deals with the taxation of share premiums received in excess of the fair market value and has been used in the past to serve demand notices to startups over the angel capital they have raised.

source: The Hindu.

India emerges second largest scrap importer

Focus: GS3.

Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

Context

  • India has emerged as the world’s second largest scrap importer. 
  • Turkey is still the world’s largest recycler and scrap importer of the world.
  • According to the data, the scrap imports have increased by 35% in the first half of this year to 3.87 million tonnes. 

Background

  • The imports have increased due to slowdown in the domestic steel industry and cheap price of imported scrap metals.
  • However, India’s internal scrap market holds huge potential as India will have 22 million obsolete vehicles by 2025 from 8.7 million at present.
  • Experts have said that incentivisation for scrapping old vehicles can be one of the solutions. 
  • They suggested that government could waive off registration charges of a new car provided the buyer produces a certificate proving scrapping of his old car. 

Highlights

  • Government has also recently published its draft steel scrap policy that aims to promote scrap processing to supply the scrap towards electric arc furnace and induction furnace-based steelmaking.
  • Union road ministry has also come out with a vehicle scrapping policy, which has proposed a mandatory cap of 20 years on the life of all commercial vehicles starting in 2020.
  • However, it has been delayed as it is going through a consultative process with the state governments.

Source: The Hindu. 

Rajya Sabha gives its nod for Eviction Bill

Focus: GS2.

Topic: Government policies and interventions for development in various sectors and issues arising out of their design and implementation.

Image result for Eviction Bill india

Context

  • Rajya Sabha has passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2019.
  • The Bill amends the Public Premises (Eviction of Unauthorised Occupants) Act, 1971. 

Background

  • The Act provides for the eviction of unauthorised occupants from public premises in certain cases. 

Highlights

  • The Bill defines residential accommodation as the occupation of public premises by a person on the grant of a license for such an occupation.
  • The license must be given for a fixed tenure or for the period the person holds office.
  • The Bill adds a provision laying down the procedure for eviction from residential accommodation.
  • It requires an estate officer to issue a written notice to a person if he is in unauthorised occupation of a residential accommodation.
  • If the person fails to comply with the order, the estate officer may evict such person from the residential accommodation and take possession of it.
  • However, if the person challenges the eviction order passed by the estate officer in court, he will be required to pay damages for every month of such occupation.

Source: The Hindu.

Map of the Day–Telangana

Image result for telangana map

Quote for the Day

"If you really look closely, most overnight successes took a long time." -Steve Jobs

Mains Answer Writing

1.Rajya Sabha has passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2019. Discuss it’s salient features and it’s significance.
2.India has emerged as the world’s second largest scrap importer. Critically Analyse.
3.What do you understand by Angel Tax? Explain the issues and challenges ahead for angel tax investors in start-ups.

 

Test your Knowledge

1. Consider the following statements 

1.Organic Field Effect Transistor (OFET) is a low-cost, hand-held device to detect bacteria.
2.It is developed by IISc, Bengaluru.
3.The OFET is an electronic device that works on the principle which charges in the vicinity of the channels of certain semiconductors which can induce a current in them. 

Which of the above statements is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) All of the above

2. Consider the following statements:

1.The Samjhauta express is commonly called the Friendship Express.
2.The train was started in 1976 following the Shimla Agreement.
3.The train runs between India and Afghanistan via Pakistan. 

Which of the statements given above is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) All of the above 

3. Consider the following statements:

1.Angel Tax is a 30% tax that is levied on the funding received by startups from an Angel investor. 
2.This 30% tax is levied when startups receive angel funding at a valuation higher than its ‘fair market value’. 
3.It is not counted as income to the company and is not taxed.

Which of the statements given above is/are correct?

a) 1 and 2 only

b) 2 and 3 only

c) 1 and 3 only

d) All of the above 

4.‘Solo’ is a medicinal plant which is found in?

a.Deserts
b.Coastal regions
c.Under water
d.High Altitude regions 

5.Which of the following states does not share its land boundary with Telangana?

a.Maharashtra
b.Odisha
c.Tamil Nadu
d.Karnataka

Answers

  1. C 2.A 3.A 4.D 5.C