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THE HINDU editorial Analysis in Hindi today EDITORIAL The Hindu Editorial Decode in Hindi DATE: 18 May 2018 Friday BY: UPSC IAS EXAM YOUTUBE CHANNEL KARDAM RAVAL GENERAL STUDIES EXPERT WE BELIEVE IN DELIVERING EXCELLENCE
Today s Roadmap Making life easier for small savers The East Asian reset FUN FACT ANALYSIS' VOCABULARY
FUN FACT Yesterday's Answer: 42 nd Constitutional Amendment added Article 48A and 51A(G). Correct answer given by Mr. Rajesh Kumar The Japanese monarchy is the oldest continuous hereditary monarchy in the world. The imperial house recognizes 125 monarchs beginning with the Emperor Jimmu and continuing up to the current emperor, Akihito(Kinjo). Who was the first Chinese visitors, who traveled to India?
Making life easier for small savers The Union Cabinet in February 2018 decided to bring a law to make life easier for small savers, especially those who save for girl children and senior citizens. It proposed the Government Savings Promotion Act by merging the Public Provident Fund (PPF) Act of 1968, the Government Savings Banks Act of 1873 and the Government Savings Certificates Act of 1959. There is no proposal to take away existing benefits to depositors through this merger. The main objective, as stated by the Ministry of Finance, is to make implementation easier for the depositors through this Act. The government says that the proposed Act has certain new benefits for depositors. Exe. The PPF Act states that an account cannot be closed before completion of five financial years. So, if any depositor wished to close his account before five years, she could not.
Continue.. The proposed Act seeks to make premature closure of an account easier by introducing provisions through a specific scheme notification. Investment in SSS can be made by a guardian on behalf of minor(s). Under the provisions in the proposed Act, the guardian may also be given associated rights and responsibilities. There was no clear provision earlier regarding deposits by minors in the existing Acts. A provision has been proposed to promote a culture of savings among children. If the minor dies and there is no nomination, the balance amount shall be paid to the guardian. The Bill also has clear provisions on the operation of accounts in the name of physically infirm and differently abled persons. As per the existing Acts, if a depositor dies and nomination exists, the outstanding balances will be paid to the nominee. The proposed law has clearly defined the right of nominees.
The East Asian reset After years of mistrust, China reaches out to Japan with high-level visits. It appears to be the season for diplomatic resets in Asia. Would-be hegemon China is at the centre of this regional spring thaw. India is not the only rival with which Beijing has recently been trading pleasantries rather than threats. Usually fraught China-Japan ties are in the midst of an upswing as well. Chinese Premier Li Keqiang was in Japan on a three-day state visit, his first trip to Tokyo since taking office five years ago. It was also the first top-level bilateral visit after relations between the two countries plummeted in 2012 over a chain of disputed islands claimed by both sides. In last September, Japanese PM Shinzo Abe became the first Japanese leader in 15 years to attend the Chinese Embassy s annual National Day celebrations in Tokyo. Since then, Mr. Abe and Mr. Xi have met on the sidelines of an Asia- Pacific Economic Cooperation summit in Vietnam.
Continue.. Beijing believes Japan is yet to properly atone for its brutal invasion of China in the run-up to and during the Second World War. In East China Sea, both Japan and China claimed Diaoyu/Senkaku islands. China and Japan trade stands at about $350 billion in comparison with India-China trade, which is $84.44 billion. China has overtaken Japan as the world s second largest economy and has also eclipsed it as a global geostrategic player. China and Japan both try to dominate South China region. U.S. President Donald Trump s America First policy and the tariffs he has slapped on some $60 billion worth of Chinese products have also impacted Japan, which despite its status as a U.S. ally, failed to get any exemption from new duties on steel and aluminium. Mr. Abe is also hoping that China can use its influence with North Korea to highlight Japan s concerns, at a time when Tokyo feels somewhat shut
Continue.. The idea of Japan s leader asking for support on North Korea plays well domestically as an example of Beijing s international clout. China is keen on getting Japan to play ball with its signature Belt and Road Initiative (BRI). China is willing to establishment of a public-private council in Japan to discuss joint projects with China related to the BRI. The Japan-backed Asian Development Bank is exploring co-financing projects with the Beijing-led Asian Infrastructure Investment bank. China-Japan alignment is a tactical and provisional affair, rather than long-term and strategic. And as with the India-China reset, although it is temporarily beneficial to both sides, the foundation of the bilateral relationship remains troubled and treacherous.
VOCABULARY IGNORAMUS (NOUN): (म र ख) stupid 2. DIRTBALLS (NOUN): (बहक ह आ/ भटक ह आ) creep 3. NOUS (NOUN): (प रज ञ ) common sense 4. CEDE (VERB): (आत मसमर खण करन ) surrender 5. GLIMPSE (VERB): (झलक र ड न ) glance 6. BOOST (NOUN): (बढ व ) hike 7. TRADITIONAL (ADJECTIVE): (र र र र गत) classic 8. ABSTINENCE (NOUN): (र रह ज ) chastity 9. OFFSET (VERB): (प रततव द करन ) balance 10. FAVOUR (NOUN): (एहस न) support
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