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DAILY NEWS UPDATE

23rd November 2014

Dream IAS
Disclaimer : The content of this document is a compilation from various sources. The creator of the document
does not take any credit for these articles.

National
Worlds largest ring road will be developed in capital of AP

The worlds largest ring road of 180 km will be developed in iconic capital of Andhra Pradesh at
a cost of $ 5,000 million.

This claim was made by the Andhra Pradesh government in the 51-page brochure brought out in
connection with the visit of the Chief Minister N. Chandrababu Naidu to Japan.

Massive potential for PPP investments and world class urban infrastructure were also mentioned.

The project brief stated that the Greenfield Capital City area as over 12,000 hectares and the
metropolitan region of 7,000 sq.km with population of 2.1 million.

Hyderabad will be home to $50b IT industry by 2025: Mr. Reddy

Speaking at the 25th anniversary celebrations of the National Association of Software and
Services Companies (NASSCOM), they said Hyderabad was on the path of healthy growth, with
the scope to create massive job opportunities in the future.

Hyderabad was a late entrant to the IT industry, but it is poised to grow to $50 billion by 2025.
The IT industry has benefited the youth in the city massively, said NASSCOM vice-chairman
B.V.R Mohan Reddy.

Hyderabads IT industry currently employs 14.5 lakh, which is set to increase in the coming years.

More fresh water needed to save Sunderbans ecosystem- The Hindu

The present flow of fresh water in the Sunderbans is insufficient to maintain its unique ecosystem,
with additional supply required to save the archipelago from degradation, a study by Jadavpur
Universitys School of Oceanographic Studies (SOS) and IIT Roorkee have revealed.

The study is part of the International Union for Conservation of Natures Ecosystem For Life: a
Bangladesh-India Initiative in which researchers from both the countries have collaborated. The
pilot study indicates that the present level of flow is insufficient to maintain the ecosystems and
ecosystem services in Sunderban even at the present level.

Sunderbans, needs 507 cubic metres per second (cumec) of fresh water and the Hooghly 1200
cumec.

Sunderbans, a UNESCO world heritage site with over 300 species of plants 600 species of wildlife,
is the home of Royal Bengal tigers. It is spread over West Bengal and Bangladesh and has 8 million
inhabitants.

The study was carried out in two spots in the archipelago: Swarupganj on the Hooghly and Majdia
on the trans-boundary Ichamati river, and studied four indicators:

the Gangetic

dolphins,

Sundari trees, Hilsa migration and navigation.

Over the past few years, Sundari trees, from which Sunderbans derives its name, have dwindled
in numbers while the number of salinity-tolerant Avicennia sp has gone up; sightings of dolphins
too have decreased.

Parrikar clears expanded IACCS for Air Force The Hindu

The first Defence Acquisition Council (DAC) meeting, chaired by Defence Minister Manohar
Parrikar cleared a proposal for 814 mounted gun systems for the Army.

Request for Information (RFI) will be issued to Indian vendors within the next couple of months
kicking off the tendering process. Indian private sector majors Bharat Forge, L&T and Tata have
already tied up with global Original Equipment Manufacturers and are likely to participate in the
tender.

The Armys Field Artillery Rationalisation Plan (FARP) formulated in 1999 envisages inducting
around 3,000 guns of various types to equip its 220 artillery regiments. No new gun has been
acquired since the 1980s, when 400 Bofors guns were bought from Sweden.

Another major deal cleared is for the Air Force to expand the Integrated Air Command & Control
System (IACCS) for Rs.7,160 crore. The IACCS presently has 5 nodes and an additional 4 nodes
will be set up to connect the Indian mainland with Island regions for seamless communication and
connectivity.

International
China flags train to Madrid to revive the ancient Silk Route

An 82-wagon cargo train has left for Madrid from the Chinese city of Yiwu, signaling the feverish
efforts by China and Russia, to revive the ancient Silk Route, and shift the balance of power in
Eurasia towards the East.

The train, which began its journey, will travel a distance off 10,000 kilometers, 741 kilometers more
than the trans-Siberian railway, the longest so far.

Starting from Yiwu, a major trading hub 300 kilometers south of Shanghai, the train will cross Altaw
pass in Chinas Xinjiang province, before entering Kazakhstan.

It will then cover five other countries Russia, Belarus, Poland, Germany and France before
completing its mammoth 21-day journey in the Spanish capital.

The train from China is run by Trans-Eurasia Logistics, a joint venture of Germanys Deutsche Bahn
AG and the Russian Railways (RZD).

It symbolises the growing transportation links among Beijing, Moscow and Berlin to revive the Silk
Route a land corridor that, in its heyday, was at the heart of trade between Asia and Europe.

It also illustrates President Xi Jinpings vision, unveiled last year in Kazakhstan, to establish an
economic belt along the Silk Road, which passes through the Central Asia before heading for
Europe. The Chinese hope that the trans-Eurasian project would impact three billion people, across
40 countries once it is completed.

The dream of an economic belt demands that a string of growth clusters is established along the
New Silk Road. One such economic hub within China is Chongqinga major junction along the
Eurasian corridor.

Chongqing's Liangjiang New Areaa 1200 square kilometer zonehome to big brands, such as
Hewlett Packard, and Iveco is based on Shanghais Pudong and Tianjins Binhai New Area
model.

An intricate rail and road network that connects it with west and middle China has enabled
Chongqing to emerge as the growth locomotive for the entire delta area of the Yangtze river, which
flows to the south, and is a major trade artery.

The new Eurasian rail links feed directly into Chongqings growing international profile. In 2011 the
train between Chongqing and Germanys Duisburg in the Ruhr industrial area, was flagged,
accelerating the Yangtze Deltas integration with the global economy.

Tunisia hold landmark presidential election

Tunisia took another step forward in its peaceful transition to democracy by holding its first free
presidential election, with voters hoping for more stability and a better economy.

Many Tunisians weighed security against the freedoms brought by their revolution and by its
democratic transition, which has remained on track in sharp contrast to the upheavals brought by
the Arab Spring elsewhere in the region, including the brutal military coup in Egypt and the conflicts
in Syria, Yemen and Libya.

It hasnt been easy for Tunisia, however, and the nearly four years since the revolution have been
marked by social unrest, terrorist attacks and high inflation that has voters punishing the moderate
Islamists that first came to power.

The front runner of the nearly two dozen candidates for the presidency is Beji Caid Essebsi, an 87year-old former minister from the previous administrations who many are hoping will get the country
back on track.

The Islamists, who won about a quarter of the seats in parliament, opted not to field a presidential
candidate.

Voters have since turned to Mr. Essebsis Nida Tunis party, a loose collection of liberal and leftist
politicians, giving them nearly 38 percent of the new parliament last month.

There are fears, however, that Mr. Essebsi has authoritarian tendencies and that his domination of
the parliament and the presidency could bring back the old one party state.

G20: the Main Outcomes


Economic growth:

The leaders of the worlds most powerful industrial economies pledged to grow their combined
economic output by an extra 2.1% around $2 trillion over the next five years.

This was above the 2% goal they were initially targeting. The strategy to achieve this goal through
domestic policy reforms will be known as the Brisbane Action Plan.

Infrastructure investment:

The summit agreed to launch the Global Infrastructure Initiative to unlock private financing for
infrastructure investment worldwide, including the creation of a Global Infrastructure Hub based in
Sydney to support best practices and coordination.

Trade liberalisation:

Increased global trade will be a requirement if the G20 is to achieve its growth target. The leaders
committed to the implement all elements of the Bali package and swiftly define a WTO work
programme on the remaining issues of the Doha Development Agenda.

Tax and financial regulation:

The G20 leaders agreed to complete by 2015-end a plan to combat tax avoidance by multinational
companies.

They also vowed to strengthen financial institutions, protect taxpayers from having to fund bailouts
of too big to fail banks and to make derivative markets safer.

Gender Equality:

The summit won a commitment by each country to close the gap between its male and female
labour-force participation rates by 25% by 2025.

This will bring an estimated 100 million additional women into the labour force.

Energy:

In a first, a session was dedicated to energy issues and the participants agreed that energy will
now be at the heart of the G20 agenda, with strong and resilient energy markets critical to economic
growth.

They asked energy ministers to meet and report back on options to take this work forward.

Ebola:

While not on the official agenda, leaders expressed support for an urgent coordinated international
response to the crisis raging in West Africa.

They called on international financial institutions to assist affected countries.

Climate:

The G20 leaders committed to addressing the challenge of climate change including
communicating post-2020 domestic climate targets as soon as possible and preferably by the first
quarter of 2015.

They also stressed the importance of climate finance, including contributions to the Green Climate
Fund.

2016:

Turkey takes over the presidency from Australia and will host the summit in Antalya next year, and
China would be home to the G20 in 2016.

Business & economy


BSE starts new investor service centre in the capital

Strengthening its efforts to reach out to a larger number of investors, leading bourse the Bombay
Stock Exchange (BSE) started an investor service centre in the national capital.

The new centre would be co-ordinating the investor education and grievance redressal activities of
other such centres in the northern region, including Kanpur and Lucknow.

The exchange has about 16 investor service centres in different parts of the country.

BSE Managing Director and Chief Executive Officer Ashishkumar Chauhan said the exchange has
been in the forefront of resolving issues related to investor grievances in the shortest possible
time.

Modi to push for SAARC Development Bank in summit

Prime Minister Narendra Modi is set to push for the creation of a South Asian Association of
Regional Cooperation (Saarc) development bank to boost trade and investment, as well as funding
for several infrastructure and intra-Saarc developmental projects.

The government had been quite vociferous in this regard, keeping in mind the importance of Indias
neighbourhood in the prime ministers foreign policy initiatives.

A senior official told Business Standard apparently, Modi was keen to push for the bank at the 18th
Saarc Summit in Kathmandu on November 26-27. This will be Modis first Saarc Summit since he
became prime minister in May.

At the Saarc ministerial meeting in Thimpu in July, the proposal was unanimously endorsed by all
member countries India, Pakistan, Sri Lanka, Nepal, Bhutan, Afghanistan, Bangladesh and
Maldives

The idea is to secure easier access to capital for funding infrastructure projects by all Saarc member
countries. If the plan is approved at the Kathmandu summit, the banks basic structure, equity base
and headquarters have to be worked upon.

Officials say though India will be the natural choice for setting up the bank, as it is the largest and
most powerful economy in the region, there could be opposition from countries such as Pakistan
and Bangladesh.

A decision on the location of the banks headquarters will depend on the equity contributions by
each country. This will also ascertain each countrys voting rights.

Science & technology


MP Says no to two GM seeds field trial

The Madhya Pradesh government has declined to give no objection certificate for field trials of two
genetically modified seeds chick pea and mustard in the State due to doubts over adverse
impact of those crops on humans, animals, biodiversity and environment.

The decision over-rules the permission granted for such trials by the Genetic Engineering Approval
Committee under the Central Government in August.

The trials are for testing the bio-safety of the two new crop varieties. The new chick pea seed
promises to increase productivity by preventing damage to crops by podborer pest.

Yield loss in chick pea due to this pest is estimated at 21 per cent. The seed has been developed
by the Delhi Universitys Centre for Genetic Manipulation of Crop Plants.

The new mustard variety is the first-ever hybrid version of the crop developed indigenously. It was
developed by the Delhi Universitys South Campus and had been given to Delhi-based Sungro
Seeds for field trial.

Sports
Cycling: Deborah finished with two more golds

Deborah finished her campaign in style by securing two more gold medals in the Track Asia Cup
cycling event, which concluded at the Indira Gandhi velodrome.

Deborah thwarted a late challenge from Kazakh rider Tatyana Zadnepryanova to take the top
honour in the womens keirin event. She beat compatriot Kezia Vargheese to grab the sprint gold
as well.

In the elite events, India gathered a total of five gold, four silver and five bronze medals.

In the mens keirin event, Amarjeet Singh Nagis spectacular performance to get past two Thai
riders on the home stretch and cross the line behind winner Pavel Vorzhev turned out to be a
disheartening affair as he was relegated to the sixth place for having ridden on