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3 Delhi Edition of The Hindu

4 Process The Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget. First draft of the economic survey is prepared by the department of economic affairs in the finance ministry. Then, this draft is cleared by the Chief Economic Advisor and secretary of economic affairs. The final version is scrutinized by the Finance Secretary and Finance Minister. Most of the data are given by Central Statistical Office (CSO) of Ministry of Statistics & Programme Implementation (MOPSI). Finance Minister Arun Jaitley - table it in Parliament India s first economic survey was presented for the financial year Before 1964, Economic Survey was circulated along with the Budget documents. However, from 1964 onwards, it was de-linked from the budget and circulated in advance, so that a context to the budget can be provided. It is the ministry's view on the annual economic development of the country. A flagship annual document of the Ministry of Finance, Government of India, Economic Survey reviews the developments in the Indian economy over the previous 12 months, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session.

5 In South Asia, be the Un-China As the stand-of between the Indian and Chinese militaries enters its third month at Doklam, entire neighbourhood is watching. (Mainly Bhutan) Other part like-> even Kashmir with a notional India China-Pakistan tri-junction. Nepal will not get dragged into this or that side in the border dispute. Sushma Swaraj, who had travelled to Kathmandu for the Bay of Bengal Initiative for Multi- Sectoral Technical and Economic Cooperation (BIMSTEC) regional summit. Chinese Vice Premier Wang Yang will be in Kathmandu next week, and Nepal s Prime Minister Sher Bahadur Deuba in Delhi the week after. Columnists in the country too are increasingly advocating that Bhutan distance itself from both Indian and Chinese positions.

6 Continue A policy of equidistance for our closest neighbours is a far cry from India s past primacy in the region. When the Maldives first turfed(पत त स फ) private infrastructure group GMR out of its contract to develop Male airport in 2012, few could have imagined the situation today with Chinese companies having bagged contracts to most infrastructure projects. This includes development of a key new island and its link to the capital Male and a 50-year lease to another island for a tourism project. Similarly, when the then Prime Minister of Nepal K.P. Sharma Oli signed a transit trade treaty and agreement on infrastructure linkages with China in late Today, China is building a railway to Nepal, opening up Lhasa-Kathmandu road links, and has approved a soft loan of over $200 million to construct an airport at Pokhara.

7 Continue According to the Investment Board Nepal->Chinese investors contributed $8.2 billion, more than 60% of foreign direct investment commitments made by the seven countries present. Sri Lanka s Hambantota port construction project went to the Chinese in 2007 only after India rejected it. Today, China doesn t just own 80% of the port; it has also won practically every infrastructure contract from Hambantota to Colombo. Chinese President Xi Jinping s visit to Bangladesh last October was another such overture, with $24 billion committed in infrastructure and energy projects. Even if Pakistan is not counted in this list, it is not hard to see which way India s immediate neighbours, which are each a part of China s Belt and Road Initiative (BRI), are headed in the next few years. More pointedly, once the investment ows in, it will be that much harder for them to stave o a more strategic presence

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10 Continue To begin with, India must regain its role as a prime mover of the South Asian Association for Regional Cooperation (SAARC), the organisation it abandoned a year ago over its problems with Pakistan. Despite sneers all around, SAARC has survived three decades in spite of its biggest challenge, India-Pakistan tensions. That New Delhi would cancel its attendance at the summit to be held in Pakistan in the wake of the Uri attack, winning support from other countries similarly affected by terrorism such as Bangladesh and Afghanistan, is understandable. But a year later, the fact that there have been no steps taken to restore the SAARC process is unfortunate China s repeated requests, SAARC was one club it never gained admittance to

11 Continue India must recognise that picking sides in politics of its neighbours makes little difference to China s success there. Prime Minister Sheikh Hasina, who has overseen the closest ties with New Delhi over the past decade, has also forged ahead on ties with China. Should her Awami League lose next year s election, the Bangladesh Nationalist Party will most certainly strengthen the shift towards China In Bhutan s election, also next year, it is necessary that India picks no side, for nothing could be worse than if the Doklam stand-off becomes an India-versus-China China election issue.

12 Conclusion->A policy of respect It is about following a policy of mutual interests and of respect, which India is more culturally attuned to than its large rival is. Each of India s neighbours shares more than a geographical context with India. They share history, language, tradition and even cuisine(भ जन). With the exception of Pakistan, none of them sees itself as a rival to India, or India as inimical(व र ध ) to its sovereignty. As an Indian diplomat put it, when dealing with Beijing bilaterally, New Delhi must match China s aggression, and counter its moves with its own. When dealing with China in South Asia, however, India must do exactly the opposite, and not allow itself to be outpaced(स आग वनकल गय ). In short, India must be the Un-China.

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14 No level playing field Insolvency and Bankruptcy Code has loopholes to close down businesses instead of assisting entrepreneurs Insolvency and Bank-ruptcy Code, 2016 acted with the intention of improving the ease of doing business in India->where defaulting debtors abuse the law. It fails to provide adequate safeguards to protect the rights of the company before handing over the management in its entirety to the resolution professional. The entourage of appeals before the National Company Law Appellate Tribunal, and writ petitions before numerous High Courts, in a short span begs the question: Is the Code truly poised to meet the ends it proclaims? In relation to corporate persons, the Code looks to wrap up(लप ट ) the game in 180 days. Vitiates(भ रष ट करन ) the fundamental right to business under Article 19(1)(g).

15 Conclusion All this shows that the Code still requires a lot of hand-holding by the judiciary to put in place adequate safeguards and guidelines to ensure its smooth, effective, and fair enforcement. Code may have teething(श र आत ) troubles, such as infrastructure, but there is no excuse at all for basic constitutionality flaws(ख व य ).

16 News Analysis Page-1- Growth likely to be in the lower range, closer to 6.5% Indian economy s growth in is more likely to be closer to 6.5% than 7.5%, according to Chief Economic Adviser Arvind Subramanian, who outlined new downside risks to growth that have emerged since the presentation of this year s Union Budget, in the second volume of the Economic Survey tabled in Parliament on Friday. Demonetisation impact, GST, Farm Loan, 7 th pay comm

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18 Continue Page-1- Nihalani removed as CBFC chief Government on Friday appointed lyricist and screen writer Prasoon Joshi as chairperson of the Central Board of Film Certification, replacing film producer Pahlaj Nihalani. The Central Government is pleased to appoint Sh. Prasoon Joshi as Chairperson of the Central Board of Film Certification in an honorary capacity from 11th August, 2017 for a period of three years or until further orders, whichever is earlier, Mr. Nihalani s controversial decisions include demanding multiple cuts in 1)-Madhur Bhandarkar's film Indu Sarkar on the Emergency and 2)-His refusal to clear Lipstick Under My Burqa, a film exploring female sexuality.

19 Continue Page-10- U.S. military is locked and loaded on North Korea Trump says military solutions are now fully in place; Pyongyang accuses the U.S. President of driving the Peninsula to the brink of a nuclear war Russia, China push plan to defuse tension

20 Continue Page-10- India keen to run Sri Lanka airport Proposes to invest $205 million in the Mattala project near Hambantota India has expressed interest to operate Sri Lanka s second international airport situated in Mattala, about 40 km from the southern town of Hambantota, where China has majority stake in a strategic port it built. India proposes to operate, manage, maintain and develop the airport through a joint venture, holding 70% of the equity for 40 years China to help develop an industrial zone in the adjoining land, spanning some 15,000 acres

21 Continue Page-11- SBI net at 2,006 cr., NPAs soar post-merger State Bank of India (SBI), the country s largest lender, reported a standalone net profit of 2,006 crore for the quarter ended June 30, as against 2,521 crore in the year-earlier period. The numbers are not comparable since SBI merged five of its associate banks and Bharatiya Mahila Bank with itself on April 1, Bad loans registered a sharp increase for the merged entity, with gross non-performing assets increasing to 1.88 lakh crore (9.97%) from 1.01 lakh crore (6.94%).

22 Last Day- Q s- Ans 1. On 150th birth anniversary of Mahatma Gandhi jee Swachh Bharat Mission was launched in That lake in Ethiopia is Lake Tana. 3. Aswan Dam was Built on Nile River In Egypt. 4. SAARC countries : 1. Afghanistana 2. Bangladesh 3.Bhutan 4. India 5. Nepal 6. Maldives 7. Pakistan 8. Sri Lanka 5. Malala Yousafzai honoured with Nobel peace prize in 2014 shared with Kailash Satyarthi. 6. Right to Freedom of Religion is placed in part lll of Constitution ->aticle Doubling the income of farmers will be attained by Literacy Rate of India account to 2011 census is 74.04%

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