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Page 1: Copyright @ Study-IQ education, All rights reserved...Inflation conundrum(पह ल ) Record low retail inflation poses a monetary policy dilemma( व ) for the RBI. Latest Consumer

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Delhi Edition of The Hindu

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Inflation conundrum(पहेली)

Record low retail inflation poses a monetary policy dilemma(दुविधा) for the RBI. Latest Consumer Price Index data show head-line retail inflation has decelerated to a record

low of 1.54% in June. Below the 2% lower bound of the Reserve Bank of India’s medium-term target. Led to calls for the RBI to support economic growth by cutting interest rates. Economists, including Chief Economic Adviser Arvind Subramanian- openly questioned the

assumptions made by the majority of the members of the RBI’s Monetary Policy Committee. Core inflation, which strips out the relatively volatile food and fuel prices, has also trended

lower and eased below 4% for the first time in at least •five years. latest industrial output data from May- weaknesses in key sectors like capital goods

and consumer durables. Central bank to reduce interest rates are only going to grow ahead of its next bimonthly policy

review at the beginning of August

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Six members- including Governor Urjit Patel and his deputy overseeing monetary policy, Viral Acharya, the data pose a conundrum(पहेली) that is going to test their sagacity(बुद्धिमत्ता)

Impact of Goods and Services Tax, for instance, will begin to feed into prices only over the coming months.

Payment of increased allowances under the Seventh Central Pay Commission’s award, which came into effect from the beginning of this month, could also start to transmit into price gains.

Mr. Acharya had pointed out at the last meeting- measures taken by several State governments to address farmers’ demands for debt relief could pose a “tail risk” by triggering generalisedinflation over time.

Ultimately, the RBI will have to weigh(तौलना) whether the current trend in inflation is likely to remain durable enough for it to make a move that doesn’t end up proving to be a costly error in the long run.

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Core inflation is a measure of inflation which does not include CPI components such as food, energy, fuel etc. It is the more stable variantHeadline inflation contains all items including items like food and oil. Whose prices are highly volatile

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It’s not help, it’s work

We need a legislation to regulate domestic work “An unverified domestic help can pose a serious security risk.” “Contact your beat constable or local police station for domestic help verification.” Indeed, hardly a week goes by without some news report about a domestic help being abused

by her employer. Cases of torture, beatings, sexual assault, and incarceration(क़ै द कर देना) are common. It is the employer who poses a bigger security threat — to the employee. For the record, no other category of workers is required to register themselves with the police. In a country where 93% of the workforce is in the unorganised sector. They are not even recognised as workers. Work - cooking, cleaning, dish-washing, baby-sitting — is not recognised as work by the state

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India has only two laws Unorganised Workers’ Social Security Act, 2008, (UWSSA) and Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.While the former is a social welfare scheme, the latter is aims to protect working women in

general. Neither of these recognises domestic helps as rights-bearing workers. Strangely enough, it exists — in the form of a draft National Policy for Domestic Workers. This policy not only calls for promoting awareness of domestic work as a “legitimate labour

market activity”, but also recommends amending existing labour laws to ensure that domestic workers enjoy all the labour rights that other workers do.

But the government seems to be in no hurry to adopt it. Though the 2011 NSSO data put the number of domestic workers at 3.9 million Trade unions estimate the number to be around 10 million.

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Most of these are from vulnerable communities – Adivasis, Dalits or landless OBCs. Nearly all of them are migrant workers. And an overwhelming number are women. Neither the Maternity Bene•ts Act nor the Minimum Wages Act or any of the scores of other

labour laws apply to domestic work. Domestic workers can be hired and •red at will. The employer has no legally binding obligations. A regulatory framework National Platform for Domestic Workers submitted a draft bill, the Domestic Workers

Regulation of Work and Social Security Bill, 2016. It calls for the compulsory registration of the employer and the employee with the District

Board for regulation of domestic workers. A good place to start would be to consider enacting a Domestic Workers Regulation of Work

and Social Security Act.

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Tale of two countries

Sri Lanka’s tea industry is in celebratory mode, while India’s struggles Sri Lanka 1)-Release of a coin, 2)-Outreach programmes in its seven tea growing regions, 3)-A charity auction, 4)-An international Colombo Tea Convention, 5)-An award ceremony, and 6)-An international tea festival. The aim is to promote tea as well as tourism The Sri Lankan tea industry, with an annual production of about 300 million kg, accounts for

5% of world output. It is also among 1)-The world’s top •five exporters of the agro-commodity and 2)-Contributes to 15% of the nation’s foreign exchange revenue and 3)-Supports 20% of the country’s population through direct and indirect employment

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The celebratory mood in Sri Lanka stands in contrast to Indian tea industry. Big companies are exiting the industry. The remaining few are witnessing increased pressure on their bottom line in the wake of

increased costs amid decreased earnings. Tea quality has become an issue and this is reflected in depressed prices. In 2016-17, India’s tea output stood at 1,250.5 million kg. Exports dropped for the second consecutive year. Industry employs over one million people directly and also provides housing facilities to their

families, yet it is plagued by the issue of absenteeism(अनुपद्धथित) as well as worker migration. Darjeeling imbroglio, where a political shutdown has dealt a body blow to a tottering industry Tea industry is on its way to losing its second-most valuable crop It will not only result in a foreign exchange loss to the country, but also affect the global brand

equity of Darjeeling tea in the global market

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It is not as if the problems being faced here are unique to the Indian tea industry. Sri Lankan tea industry is beset with similar problems of 1)-High cost, 2)-Climate change and 3)- •Fluctuating exports. However, unlike India- The government pulls out all the stops to promote an export-oriented

industry. The current round of events is directed at keeping up its international presence. It rarely misses an opportunity to expose its industry to a world where consumption of the

beverage is growing.

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Gender empowerment

A Bill seeks to integrate transgender persons into the mainstream Effort to bring transgender persons out of the shadows is on with the Kochi Metro, followed by

the Chennai Metro, hiring them in their workforce. Supreme Court’s judgment on April 15, 2014 in the National Legal Services Authority vs. Union

of India case, in which it asked the government to take steps for the welfare of transgender persons and treat them as a third gender for purpose of safeguarding their fundamental rights.

But the Transgender Persons (Protection of Rights) Bill, 2016 is still pending in Parliament. It attempts to bring the community into the mainstream. Decades after the Indian Constitution guaranteed the fundamental right to equality, freedom

from discrimination on the basis of sex and gender and freedom of speech and expression, transgender persons face problems ranging from social exclusion to discrimination, lack of education facilities, unemployment, lack of medical facilities, to name a few.

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Bill seeks to define and provide recognition to transgender persons, prohibit discrimination against them, ensure inclusive education, create a statutory obligation on public and private sectors to provide them with employment and recognises their right to “self-perceived gender identity”.

Provide for a grievance redressal mechanism in establishments and to establish a National Council for Transgenders.

Further, the definition of a ‘transgender person’ is left vague. The Bill does not separately define any of these terms used, like for example, “trans-men” and

“trans-women”. However, the Bill does not address the issue of Section 377 of the Indian Penal Code. Chapter XVI, Section 377 of the Indian Penal Code dating back to 1860, introduced during

the British rule of India, criminalises sexual activities "against the order of nature", arguably including homosexual sexual activities.

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Page-1- Tribunal prohibits dumping of waste near Gangabanks

Green Tribunal for ‘No Development Zone’ close to river An area of 100 metres from the edge of the Ganga

between Haridwar and Unnao has been declared a ‘NoDevelopment Zone,’ with the National Green Tribunal(NGT) on Thursday prohibiting dumping of waste within500 metres of the river

An environment compensation of ₹50,000 will beimposed on anyone dumping waste in the river.

The NGT also directed the Uttar Pradesh and Uttarakhandgovernments to formulate guidelines for religious activities on the ghats of the Ganga and its tributaries.

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Be Happy, Share & Help Each Other!!!Continue… Page-12- Liu Xiaobo, Chinese dissident who won Nobel Prize, dies The pro-democracy activist succumbed to cancer while in police custody

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Last Day- Q’s- Ans…

Brahamputra Origin: Angsi Glacier (Tibet) Ans

Kaziranga Park: Rhinoceros

Sattriya (Assam) Manipuri (Manipur)

Spider Man 2: "With Great Power, comes great responsibility"

Rupee Sign: Designed by D. Udaya Kumar Ans

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