Editorial Simplified : 02nd May

//Editorial Simplified : 02nd May

Editorial Simplified : 02nd May

Editorial Simplified : 02nd day of May 2016

This Series of posts covers the essential Editorial from prominent newspapers. The Editorial from the newspapers are compiled by the Subject Teachers form the Academy and provided in notes format so that the aspirants does not waste their precious time in sifting through the newspapers. 

The aspirants are advised to bookmark this page for future reference 

Click on the tab below to read the Editorial Simplified for each newspaper

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[accordion_content accordion_label=”Indian Express”]

Editorial : Band-aid solutions

Context

Maharashtra cabinet has adopted a draft legislation to control the prices of pulses. Similarly centre has asked all states to follow the lead of Maharashtra in regulating prices of pulses. Centre has also empowered state and its agencies to check hoarding of sugar to regulate its storage, trade, supply and distribution.

FLAWED SUBSIDY REGIME

  • India has most complicated regime in agriculture sector, case in point is, subsidy of fertilizer
  • General opinion of the people is that hoarding of stocks results in arbitrary increase in agri-prices which only benefit middlemen
  • However, govt, the largest agri-stockholder, use the same mechanism to improve the situation of fluctuating prices

MARKET SHOULD BE THE KING

  • Due to arbitrarily set up Minimum Export Price of onions, at present, there is glut in the market and price of onion has crashed to under Re 1; classic example of govt mishandling in agri-prices
  • Sustainable solution is that govt should allow greater play of market forces in agriculture as it will help agriculture to remain profitable for farmers

Editorial : Latest position

Context

ISRO has launched Indian Regional Navigation Satellite System (IRNSS) 7th satellite IRNSS-1G which has enlisted India into select category of countries having their own satellite based positioning system (USA has GPS, Russia-GLONASS, France-DORIS, EU: Galileo, China-Beidou). India has named IRNSS as Navic.

NAVIC- A REQUIREMENT

  • With resolution of 10 m and footprint extending to 1500 Km beyond Indian borders, military usage of Navic is of paramount importance
  • Right now, Indian military depends upon USA’s GPS (Global Positioning System) which cannot be relied in war times as illustrated in Kargil War.

PUBLIC USAGE

  • Navic will also offer public access to civilian applications like logistics, transportation, vehicle automation, robotics, disaster management, prospecting, tracking etc
  • However as GPS is an open system, choice of usage of positioning system should remain with Indian customers between Navic and others
  • Navic requires fitting of an electronic component in devices and it requires time to develop its full scale commercial implications.

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[accordion_content accordion_label=”The Hindu”]

Editorial : Where are India’s taxpayers?

Context

The Income tax department recently released details of tax data of the country showing narrow direct tax base and regressive trend in taxation. The article examines the situation.

Important points revealed in the data released

  • The tax data reveals only 2.9 crore Indians that is less than 4% of adults filed personal income tax returns.
  • The data reveals that in 2015-2016, direct taxes contributed only 51% of total tax revenue, lower than in recent years.
  • Another startling fact in the data is that only 18,358 individuals declared income over Rs 1 crore in 2012-13, these numbers grossly mismatch with the sales of luxury cars, gold and real estate.

What does the data imply

  • The data points towards very narrow direct tax base in India, showing evasion of taxes by many.
  • An increasing indirect tax share is alarming as indirect taxes increase tax burden on the poor population.

How does high indirect tax burden the poor

Indirect tax rate is same for both rich and poor; the poor generally spend a greater fraction of their income on essentials than rich hence with wider indirect taxation the poor end up paying a higher tax rate.

Suggestions for improving the situation

  • The government needs to push through meaningful reforms like taxing large farm incomes and rationalizing the the tax savings enjoyed by well offs.
  • Most importantly the government needs to match the available databases to prevent tax evasion.

Editorial : Self-reliance is the key

Context

The Indian Space Research Organisation recently launched the seventh satellite of the Indian Regional Navigation Satellite System (IRNSS)  to complete the constellation of the system. The editorial studies the situation.

Important points

  • ISRO with the launch of seventh satellite IRNSS has now attained independent regional navigation capability.
  • The navigation system will cover the entire country and an area of 1500 square kms  beyond the border, with a position accuracy better than 20m in all weather conditions.
  • The IRNSS will provide both Standard positioning service for civilians and also Restricted service for military.
  • The IRNSS has 3 satellites in geostationary orbit and 4 in geosynchronous orbit.

OTHER NAVIGATION SYSTEMS AROUND THE WORLD

  1. The Global Positioning System of the USA has a global outreach and at least 24 operational satellites.
  2. Global Navigation Satellite System of Russia- it is global in coverage too.
  3. Beidou Navigation Satellite System- China. Currently regional to be upgraded to global by 2020.
  4. Galileo-European Satellite Navigation system, global in reach but will be operational by 2019-2020.
  5. Japan’s navigation system is under construction.

Analysis

  • Navigation using satellite positioning is becoming a part and parcel of life.
  • IRNSS will provide reliable data and accurate positioning to Indian military.
  • During normal times interoperability between the existing navigation systems will provide civilian users with additional sources of data, allowing greater accuracy.
  • As the IRNSS becomes operational the focus should now shift on receivers, starting from smartphones.

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By | 2016-05-02T22:10:02+00:00 May 2nd, 2016|Categories: Editorial Simplified|Tags: , , |0 Comments

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