The Hindu Review 31 January 2019
♠The Hindu Review♠
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♦ India improves global corruption index ranking by 3 points to 78 in 2018
- India has improved its ranking on a global corruption index in 2018, while its neighbour China lagged far behind, according to the annual index released by an anti-graft watchdog on Tuesday.
- India rose by three points to 78 in the list of 180 countries in the world, while China ranked 87 and Pakistan 117 in 2018, the Transparency International said in its Corruption Perceptions Index (CPI) for 2018.
- “As India gears up for its upcoming elections, we see little significant movement in its CPI score, which moved from 40 in 2017 to 41 in 2018,” the global watchdog said.
- “Despite spectacular public mobilisation in 2011, where citizens demanded that the government take action against corruption and advocated for the passage of the comprehensive Jan Lokpal Act, these efforts ultimately fizzled and fell flat, with little to no movement on the ground to build the specialist anti-corruption infrastructure required,” it said.
- The top countries on the list are Denmark and New Zealand, with scores of 88 and 87 respectively. Somalia, Syria and South Sudan are at the bottom of the list, with scores of 10, 13 and 13 respectively.
- Overall, more than two-thirds of countries score below 50 in the 2018 CPI, with an average score of only 43.
♦ Dilip Sadarangani Appointed Part Time Chairman of Federal Bank
- Dilip Sadarangani has been appointed as Part Time Chairman of Federal Bank. The Bank obtained approval of Reserve Bank of India in this regard. He has been in the board of Federal Bank since 2013. Shri. Dilip Sadarangani is a renowned banker with experience in various facets of banking, particularly technology, in different countries. He has played key roles in setting up of IT infrastructure in different banks in India, Australia and Kuwait.
- He was also a Core member of the team which automated the first 50 branches of State Bank of India. He has made contributions in business-technology strategies for banks including ANZ Grindlays
- Bank, Standard Chartered Bank (SCB) etc.
- He holds a Post Graduate Diploma in Computer Management from Jamnalal Bajaj Institute of Management, University of Bombay. The appointment of this veteran banker who has been instrumental in ushering in of technology in multiple banks, as chairman of the board of Federal Bank comes at a time when Federal Bank makes
- confident strides in gaining market share in India with its mantra of Digital at the Fore and Human at the Core.
♦ Tamil Nadu named best state for active participation in Swasth Bharat Yatra
- Tamil Nadu has been declared as the best state for its active participation in the national campaign ‘Swasth Bharat Yatra’, which was launched on October 16 last year under which a pan-India cycle rally was organised to sensitize people about eating safe food and being healthy, food regulator FSSAI said Monday.
- Pawan Kumar Agarwal, the CEO of the Food Safety and Standards Authority of India (FSSAI), said the 105-day cyclothon will culminate in a grand finale scheduled at Connaught Place in the central Delhi.
- The cyclothon began from six different locations – Leh, Panaji, Thiruvananthapuram, Puducherry, Kolkota and Agartala on six different tracks in which more than 10,000 volunteer cyclists covered over 20,000 km across 36 States and UTs spreading the message of ‘Eat Safe, Eat Healthy and Eat Fortified’, he added. “The campaign has re-energized the food safety departments at States level,” Agarwal said, adding that this movement would go a long way in meeting the objective of ensuring safe and nutritious food to every citizen.
- The relay cycling is a part of the ‘Eat Right India’ movement, a one-of-a-kind, pan-India, public health revolution to create a sustainable culture and habit of safe and healthy diets. “The goal of this campaign (cyclothon) was achieved through engagement activities and events in more than 2,100 locations along the Yatra and the creation of over 21,000 local, community ‘Eat Right Champions’ who would sustain this movement in the future,” the regulator said in a statement.With more than 10 lakh participants and 2.5 crore people reached, the yatra has made ‘Eat Right India’ a people’s movement, it added. Agarwal said about 250 awards and certificates will be distributed to recognize the tremendous effort of states. Tamil Nadu has been declared the ‘Best State Overall’ for its exemplary participation.
- Gujarat, Madhya Pradesh, Uttar Pradesh and Maharashtra were adjudged the best states with a population above 3 crores. Punjab, Goa and Delhi have been recognised as the best states having a population less than 3 crores, the statement said. Meghalaya, Jammu and Kashmir and Uttrakhand were given special awards for their participation despite their hilly and difficult terrain.
♦ K J Alphons inaugurates first Swadesh Darshan Project in Sikkim
- K.J. Alphons, Union Minister for Tourism, on January 30, 2019 inaugurated the first project under the Swadesh Darshan Project of the Union Ministry of Tourism at the Zero Point, Gangtok, Sikkim. This project was sanctioned by the Ministry of Tourism in June 2015 for Rs. 98.05 crores and is the first ever project in Sikkim under the scheme.
- The project is officially named as “Development of North East Circuit: Rangpo– Rorathang- Aritar- Phadamchen- Nathang-Sherathang- Tsongmo- Gangtok-Phodong- Mangan- Lachung-Yumthang- Lachen- Thangu-Gurudongmer- Mangan- Gangtok-Tuminlingee- Singtam”.
- Under this project, the Ministry has developed tourism infrastructure facilities like Tourist Information Centre, Meditation Centre, Organic Eco Tourism centre, Log Huts, Zip Line, Flower Exhibition Centre, Walkways, Souvenir Shops, Cafeteria, Rain Shelters, Wayside Amenity, Last Mile Connectivity, Parking, Public Toilets etc,.
♦ FDI grew 18% in FY18 to Rs 28.25 lakh crore: RBI data
- Foreign direct investment (FDI) during the previous fiscal grew 18 per cent to Rs 28.25 lakh crore, data from the Reserve Bank of India (RBI) showed Monday. FDI increased by Rs 4,33,300 crore, including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to RBI data on ‘Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18’.
- The RBI said as many as 23,065 companies responded to the latest round of the census, of which, 20,732 firms had FDI or ODI in their balance sheet in March 2018.
- Overseas direct investment (ODI) by Indian companies increased by 5 per cent to Rs 5.28 lakh crore.
- “FDI companies witnessed a substantial increase in other investment liabilities, largely due to the increase in trade credit,” the RBI said.
- The census showed that Mauritius continued to be the largest source of FDI in India (19.7 per cent) followed by the US, the UK, Singapore and Japan.
- In case of overseas investment by Indian companies, Singapore (17.5 per cent) was the major destination, followed by the Netherlands, Mauritius and the US.
♠Vocabulary (The Hindu)♠
- NEFARIOUS (ADJECTIVE): (कुटिल):bad
Synonyms: horrible, odious
Antonyms: delightful, gentle
Example: One man employed his nefarious scheme to hack into people’s computers and steal bank account’s information.
- JITTERY (ADJECTIVE): (परेशान):nervous
Synonyms: restless, anxious
Antonyms: calm, composed
Example: She felt jittery before her stage performance.
- ORDAIN (VERB): (स्थापित करना): establish
Synonyms: anoint, enact
Antonyms: ignore, refuse
Example: John knows the ministry will never ordain him as a priest because of his checkered past.
- SLING (VERB): (टांगना):throw
Synonyms: hoist, hurl
Antonyms: receive, keep
Example: When I tried to do it with the sling on, I lost my balance.
- VILIFY (VERB): (बदनाम करना):criticize
Synonyms: damn, malign
Antonyms: praise, laud
Example: She was vilifying Aman.
- ORCHESTRATE (VERB): (क्रमबद्ध करना):organize
Synonyms: arrange, set up
Antonyms: disperse, divide
Example: They will orchestrate the meeting for you.
- BRUTISHLY (ADVERB): (बेरहमी से): ferociously
Synonyms: fiercely, savagely
Antonyms: kindly, gently
Example: Param brutishly killed his daughter.
- HOCUS-POCUS (NOUN): (आकर्षण):spell
Synonyms: charm, magic
Antonyms: reality, actuality
Example: The hocus-pocus was just for the show.
Cloze test Based on The Hindu Editorial Article
Clear the air: on Rafale deal
That troubling questions about the purchase of 36 Rafale fighter jets will persist despite a clean chit of sorts from the Supreme Court, was demonstrated compellingly last week following The Hindu’s detailed investigation into the deal. It showed that in comparison to the bid under the UPA there ……..(1)…….. an overall escalation in the price of each jet in the 2016 deal struck by the Modi government, because the price of 13 India Specific Enhancements (ISEs), essentially upgrades that were sought on the bare-bones aircraft, was spread over 36 jets as opposed to the original 126. Significantly, as The Hindu’s investigation revealed, three Defence Ministry officials in the seven-member Indian Negotiating Team objected to the €1.3 billion assigned to ISEs; it was eventually approved by a narrow 4-3 majority on the ground that ISEs are a non-recurring cost. But this …….(1)…….an obvious and perplexing question: since they are a non-recurring cost, why did the government drop, or fail to secure, the follow-on provision, which would have given India the option to purchase more Rafales, and reduce the per-aircraft price by spreading the design and development costs involved in the upgrades? After all, the follow-on clause was a part of the deal under negotiation under the UPA government. The import of the question …….(3)……. an altogether different dimension given that the Air Force, with an old and depleting fleet, has required — and for some two decades now — far greater numbers of Medium Multi-Role Combat Aircraft (MMRCA) like the Rafale. Last year, the government issued a Request for Information for 110 fighters, of which about 15% will be acquired in a flyaway condition and the remainder manufactured under the strategic partnership route. With the same manufacturers back in the bidding fray, we are in a way back to where we were — in other words, to a place that casts doubts on the vigour of India’s long-term planning when it comes to defence preparedness.
Owing to a mix of investigation, statements and government ……(4)……, much of the information about the pricing, the acquisition process and the ISEs are already in the public domain. It is nobody’s case that information that could impact the aircraft’s operational capability or jeopardise national security should be shared, but the government has been less than willing to come forward to address the issue of pricing. Instead it has been taking cover, unconvincingly, under the secrecy clause in the general security agreement signed ……..(5)…….. India and France in 2008. Given the fog of doubt over a number of issues, it is unclear why it doesn’t adopt a more accommodating posture by arranging private briefings for Opposition leaders and permitting a JPC to examine the deal. Without this, the general presumption will be that it has something to hide.
E) With in
Question 6: Select the word which is most nearly the OPPOSITE MEANING as the word printed in bold as used in the passage.
6-E Vigour (शक्ति)
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