Daily Current Affairs 08th Sept, 2017 : Hindu Editorial, PIB, AIR News and Important News

 Hindu Editorials 

1. Social Revultion in JAM – Jandhan, Adhar and Mobile Linking og Govt Schemes 
   • Summary :  This article talks about success of JanDhan, Cash Less Economy, Linking Adhar card for various govenment subsidies and its success at ground level i.e. People of India are still struggling with Bricks and Mortar, Flood, Ground level issues and government claimed the success of its JAM that is more of virtual, far from reality.
   • Background :
   • • Jan Dhan Yojana started with linking every individual with bank account which is quite successful.
     • It then shifted to Mobile and Adhar Linking of all Governmnet Subsidies right from LPG to recent move to provide fertilizer subsidy etc.
     • Demonetization aimed to bring cashless payment – BHIM App, Adhar enabled payment etc are the move with government started for it.
     • It has achieved success in leakage of subsidies, connecting mass people etc.
   • Can JAM trinity be termed as Economic Inclusion or Success ?
   • • Bringing people to banking system doesnt guaranteed the economic inclusion, it doesnt ensure equal opportunity to job etc.
     • For real Economic inclusion we  need – demand in economy, which will give opportunity to work and then provide the right work force to meet the demand, JAM doesnt ensure any of above, reality exist in bricks and mortar world where none of reforms were initiated since 1991 itself.
   • What Needs to be Done 
   • • Generate  proper infrastructure for bricks and mortar world to grow and expand.
     •  Focus on Capability :
     • • Achieve success in Health and Education first
       • Enhence public infrastructure – sewage, drainage and take help form JAM to seamless transfer of funds
     • Replicatae the IT success in the manufacturing ecosystem, health, improve investment in Private Sector which is declining.
   • To conclude,
   • • JAM is realy linked people to government however real objective of economic inclusion and growth is still far from reality, unless there is growth in real world.
   • Article link : http://www.thehindu.com/todays-paper/tp-opinion/social-revolution-in-a-jam/article19639696.ece
2. Demonetization : Is Proven Failure ?
   • There are various articles in the hindu or else where after RBI published the data that 99 % of old currency deposited back in the bank account, so there are questions about the success of it, here is two different views
   • Benefits of Demonetization :
   • • Bringing all currency into baking system
     • increase in cashless economy trend
     • curb on terrorism, naxalism etc
     • fake currency reduced
     • long term growtt.
   • Failure factors on Demonetization
   • • RBI divident is reduced
     • pople lost jobs
     • common man has suffered a lot due to scarcity of notes
     • black money became white in not time
     • failure of indian IT department in finding black transactions
     • growth rate went down to 5.71 %
   • Article Link : http://www.thehindu.com/todays-paper/tp-opinion/demonetisation-now-a-proven-failure/article19639711.ece

3. Committee on Data Protection Law –
   • 5 member com chaired by BN Srikrisna on data protection from online by state or non-state actors
   • Srikrishna Commitee – emphasized need for data protection
   • SC order on right to privacy compel govt to work on these type of laws
   • Justice Shah committee ensured to collect data on users consent
   • Article Link : http://www.thehindu.com/todays-paper/tp-opinion/for-a-robust-data-protection-regime/article19639718.ece

 Other  News Articles  From InsightOnIndia,PIB, AIR etc

1. Indian Literacy Day celebrated at 08th Sept, 2017
   • Theme is Literacy in Digital World.
   • UNESCO – started it in 1966
   • Indian Literacy Scenario –
   • • As per 2011 – 69% of Literacy rate, 2011 it was 61%
     • Man’s rate if 78 %
     • Global Literacy rate is 91 %
2. India escaped itself from Bali Declaration of World Parliamentary Forum for Achieving Sustainable Development Goal.
   • There was private reference to a counntry which was not there in the forums objective
   • Not in-lined with principal of Forum
3. Government Started – Startup Fund under DIPP – Department Industrial Policy and Promotion
   • Envisage 10k crore fund for startups
   • Will be given as Loan which can be taken easily.
4. Hyperloop Transporation Technology – in Andhra from Amrawati to Vijayawada – It works at speed of 1000km/hr.
5. Island Parali I is vanished, is almost vanished due to erosion.
   • Rate of Erosion is higher in most of the Parali Group of Islands
   • • net erosion was higher in Parali II (80%), followed by Thinnakara (14.38%), Parali III (11.42%) and Bangaram (9.968%)