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Front Page News
Mod auds awess PSLV aunch
Weghts of ve
foregn satetes
- 714-kg
French
earth
observaton
satete
SPOT-7,
- The 14-kg
German
AISAT,
- Tthe two
15-kg
Canadan
NLS7.1
(CAN-X4)
and NLS7.2
(CAN-X5)
- The 7-kg Sngapore VELOX-1
About ISRO Mars Mission:
- Indas rst nter panetary msson
- Successfuy aunched on November 5, 2013 onboard PSLV-C25
- The voyage of the spacecraft towards Mars, foowng cruca orbta
maneuver of Trans-Mars In|ecton on December 01, 2013, made Inda to
become one of the four natons n the word to send space msson to Panet
Mars.
- Mars Orbter spacecraft has been reazed on fast track mode n a record tme
of ess than 18 months to meet the earest aunch opportunty (the next
opportunty woud have been ony after 26 months).
- Why Mars Msson: Mars Orbter Msson s many ntended to estabsh the
Indan technoogca capabty to reach Martan orbt and to expore Mars
surface features, morphoogy, mneraogy and Martan atmosphere by
ndgenous scentc nstruments.
- Besdes the scentc and technoogca chaenges, Mars Orbter Msson s a
vta step n enthusng the younger generaton n the country n scentc
research n genera and panetary exporaton n partcuar.
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Time Line of ISRO Mars Mission
To know more
about MOM,
refer to beow
nk:
http://mrunal.org/2013/11/sci-techthehindu-sep-oct-novpart4of4-space-defense-related-isro-mars-mission-
maven-insat3d-vikramaditya-emp-napalm.html#13
Number of poor to rse under Rangara|an formua
The Rangara|an Commttee s key to recommend a formua
More than 370 mon Indans were beow the poverty ne (BPL) n 2011-
12 as aganst the Tendukar panes estmate of 270 mon, f the
government accepts the recommendatons
Whats Rangara|an Commttee Recommendatons:
o denk the estmaton of poverty from a xed eve of consumpton
o The bottom 35 per cent of rura Indans at any gven tme (based
on monthy consumpton) be dened as poor
o In the case of urban Indans, the cut oh w be at 25 per cent
o The Rangara|an formua s for an reatve Poverty Lne where as the
Tendukar formua s for an absoute Poverty Lne
o The Rangara|an panes Poverty Lne formua s not for use for nter-
tempora poverty comparsons; rather t s ony for dentfyng the
poor at any pont n tme for the purpose of pocy-makng and
targetng
The earer Tendukar Commttees poverty ne faced sharp crtcsm after
the Pannng Commsson, based on ts norms, announced that the
number of poor stood ehectvey reduced from 40.7 crore to 27 crore
durng the seven-year perod 2004-05 to 2011-12
Understandng the poverty ne
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What it signifes, what it does not tell us and what it will
defnitely not be used for
A Commttee chared by one of Indas nest economsts, former Charman of the
Prme Mnsters Economc Advsory Counc and the Natona Statstca
Commsson, the ate Suresh Tendukar, computed poverty nes for 2004-05 at a
eve that was equvaent, n purchasng power party (PPP) terms, to one U.S. doar
per person per day, whch was the nternatonay accepted poverty ne at that
tme.
Tendulkar Line
PPP refers to a method used to !ork out the money that !ould "e needed to purchase the same
goods and services in t!o places. #cross countries$ this is used to calculate an implicit foreign
e%change rate$ the PPP rate$ at !hich a given amount of money has the same purchasing po!er
in different countries. &he 2004-0' &endulkar poverty line !as (s.1)$ !hich in PPP terms$ is
e*uivalent to one +.,. dollar per person per day.
&he ne! poverty estimates of (s. 2- per person per day recently released "y the Planning
.ommission are e*uivalent$ in PPP terms$ to the ne! internationally accepted poverty line of
/1.2'. &he suggestion that someho! this much money is enough for people to survive in any
conceiva"le form has given rise to understanda"le pu"lic anger.
#ll that the Planning .ommission has done is to use the most credi"le source of consumption
data availa"le in the country 0the 1ational ,ample ,urvey 2rganisation3 to compute poverty
estimates that are "oth on parity !ith international standards and ena"le comparisons !ithin
4ndia over time and across ,tates. &here is no value 5udgment "eing made a"out the ade*uacy of
this amount of money for any meaningful purpose. #ll that is "eing done is to provide an
estimate 0using the very same methodology3 that allo!s one to compare the num"er of people
"elo! a certain consumption level 0aka poverty line3 in 1--3--4$ 2004-0' and 2011-12. 1othing
more$ nothing less.
6andmark contri"ution
clear landmark contri"ution made "y the +P#-44 government is that for the first time in the last
20 years$ the poverty line has "een delinked from entitlements of the people of 4ndia.
4ndeed$ !ith the 12th Plan$ this government has taken the first steps in ackno!ledging that
poverty is a multi-dimensional concept that cannot "e reduced to consumption e%penditure alone.
Who dentfy BPL, dherent formuas for cacuaton (Tenduakr commttee); what s
reatve and absoute poverty ne
.ourtesy:
http://!!!.thehindu.com/opinion/lead/understanding-the-poverty-line/article4-7-04'.ece8ref9related1e!s
France condent of cnchng Rafae dea
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Out of the four commttees that have been estabshed, ncudng those
reated to work-sharng wth the Hndustan Aeronautcs Lmted (HAL) and
transfer of technoogy, three have made a postve recommendaton
about the Rafaes nducton.
Anaysts ponted out that the transfer of technoogy eement of the Rafae
pro|ect woud be cruca.
O) The Governments decson to aow 100% FDI n defense sector has both pros
and cons. Comment
Busness News
SAT dsmsses RIL appea n nsder tradng case
What s the Issue?
Reance Petroeum (RPL) was set up to bud a renery n |amnagar, no onger
exsts and has been merged wth RIL.
In Nov.2007, RIL sod about 4% of Reance Petroeums equty for Rs 4,023 crore.
Accordng to SEBI ndngs, the seers had same regstered address and phone
numbers as RIL n Mumba and |amnagar; had opened ther accounts wth the
brokers on the same day; share a common ema address; and had receved margn
nancng from two other companes promoted by Amban Nav Mumba SEZ Pvt.
Ltd and Mumba SEZ Pvt. Ltd.
Sebs aeges that the company -whch controed the agents deang on ts behaf
-knew that t ntended to se shares n the cash segment when t transacted n the
futures segment so Ths amounted to nsder tradng.
RIL made 500 cr. Rupees prot from these transactons. So the possbe penaty (f
proven) w be 500 x 3 = 1500 cr
What s Insder
Tradng?
Insders
(empoyees and
board members)
have advance
knowedge of
Companys
accounts, secrets,
nanca
statements, future
pans of merger &
acqustons etc.
They can benet from ths nsde nformaton to trade and make prot n the share-
market.
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If the CEO of Company A earned (pror to a pubc announcement) that Company A
w be taken over, and bought shares n Company A knowng that the share prce
woud key rse. In ths case he made prot, ony because he knew the nsde
nformaton.
Insder tradng s an ohence punshabe under the SEBI Act of 1992.
The penaty Insder tradng s Rs 25 crore or three tmes the gan -whchever s
hgher.
About Securty Appeate Trbuna (SAT)
,ecurities #ppellate &ri"unal is a statutory "ody esta"lished under the provisions of ,ection 1': of the
,ecurities and ;%change <oard of 4ndia #ct$ 1--2 to hear and dispose of appeals against orders passed
"y the ,ecurities and ;%change <oard of 4ndia or "y an ad5udicating officer under the #ct and to e%ercise
5urisdiction$ po!ers and authority conferred on the &ri"unal "y or under this #ct or any other la! for the
time "eing in force.
&he .entral =overnment shall specify the matters and places in relation to !hich the ,ecurities #ppellate
&ri"unal may e%ercise 5urisdiction.
O) Shoud aws be amended wth "retrospectve ehect". Comment
Core sector growth sows to 2.3 %
O)
Manufacturng
Sector s one of
the areas where
Inda needs to
mprove.
Substantate
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NATIONAL/INTERNATIONAL NEWS
Chna to et Indan experts montor Brahmaputra n Tbet
Chna has for the rst tme formay agreed to aow Indan hydroogca
experts to conduct study tours n Tbet to montor the ows on the upper
reaches of the Brahmaputra, accordng to a new agreement sgned durng the
vst of Vce-Presdent Hamd Ansar
Both countres have aso formased a framework for settng up Chna-
dedcated nfrastructure parks n Inda and for the rst-ever tranng
exchange programme for omcas of both countres, between the La Bahadur
Shastr Natona Academy of Admnstraton (LBSNAA), Mussoore, and the
Chna Executve Leadershp Academy (CELAP) n Shangha.
O) Chna has been takng about the "Prncpe of Recprocty" wth Inda. What s
ths prncpe and how far both the countres have mantaned t.
Keraa moves Supreme Court seekng revew of Muaperyar verdct
Issue: The Keraa government moved the Supreme Court seekng a revew of the
May 7 verdct quashng the aw enacted by the State to prevent Tam Nadu from
rasng the water eve n the Muaperyar dam from 136 ft to 142 ft.
"If the Standst Agreement partakes potca character, the enforcement of the
sad agreement s barred by provso to Artces 131 and 363 of the Consttuton. If
the Standst Agreement s not enforceabe, the ease deed of 1886 s aso not
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enforceabe snce the sad ease deed contnued to be n force even after August
15, 1947 by reason of standst agreement. If ths error s not corrected by your
ordshps, t woud cause rreparabe n|ury to the rghts and nterests of the
Pettoner Defendant State of Keraa as we as ts nhabtants
Lets go nto the hstory and know about "Standst agreement"
Pate and Menon backed up ther dpomatc ehorts by producng treates that were
desgned to be attractve to ruers of prncey states. Two key documents were
produced. The rst was the Standst Agreement, whch conrmed that the
agreements and admnstratve practces that exsted as between the prncey state
n queston and the Brtsh woud be contnued by Inda. The second was
the Instrument of Accesson, by whch the ruer of the prncey state n queston
agreed to the accesson of hs kngdom to ndependent Inda, and to grantng Inda
contro over speced sub|ect matters.
>ullaperiyar ?am and its .ontroversy
&his is a pro5ect involving the east!ard diversion of the !aters of a !est-flo!ing river$ !hich
has "een cele"rated as a gigantic feat of 1-th century engineering. 4t !as a ma5or intervention in
nature of a kind that is no longer much in favour. &he pro5ect !as constructed and Periyar !aters
have "een flo!ing to &amil 1adu for over a hundred years.
+nder the 177) agreement "et!een the former >adras Presidency and the princely ,tate of
&ravancore$ &ravancore agreed to the diversion of Periyar !aters to >adras Presidency$ and to
lease a piece of land 07000 acres3 in its territory to >adras Presidency for "uilding and operating
the pro5ect designed for this purpose. &he curious fact is that the lease !as for --- years.
4n :erala$ there is an almost universal feeling 0right or !rong3 that the 177) agreement !as an
unfair one imposed on a reluctant &ravancore "y a more po!erful >adras Presidency !ith the
prestige and po!er of the <ritish government "ehind it@ and that !hile >adras 0no! &amil 1adu3
"enefited su"stantially from the agreement$ &ravancore 0:erala3 got little more than a negligi"le
lease-rent for the land leased to >adras. 4n 1-A0$ an increase in the lease rent !as negotiated "y
:erala "ut there !as no radical revision of the totality of the agreement.
&he learned 5udges decided to deal !ith the matter themselves$ and appointed an ;mpo!ered
.ommittee to e%amine and report on it. &he ;mpo!ered .ommittee includes eminent e%perts
"ut their opinion$ even if the ,upreme .ourt accepts it$ may not necessarily "e the final !ord on
the su"5ect$ particularly if a different opinion is given "y other e*ually distinguished e%perts
outside.
&he dam in this case is 11) years old$ and even !ith all the strengthening measures$ one can
hardly "e !holly confident a"out its safety under all circumstances. &he recent tremors in the
area might have "een minor "ut no one can guarantee that a stronger earth*uake !ill not occur$
or that if it does the dam !ill !ithstand it@ or that if there is an e%ceptionally heavy flood the dam
!ill "e safe.
Ntsh Sngh