Dear Aspirants
IASbhai Current Affairs News Analysis | Prelims & Mains 2020-21 is an initiative to dilute major articles from leading Newspapers in India which are most relevant to UPSC preparation –‘THE HINDU, LIVEMINT , INDIAN EXPRESS’ and help millions of readers who find difficulty in answer writing and making notes everyday. Hence we choose articles on daily basis and analyse them with respect to UPSC PRELIMS 2021.

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HIGHLIGHT INFO:

ORANGE COLOUR: Important for Prelims.

RED COLOUR: Important for Mains.

BLACK COLOUR: Must Read !

BLUE COLOUR : Important Links/Survey.

PINK COLOUR: Reports/Themes/Summits.

Current Affairs News Analysis for UPSC | 2nd Dec 2020

GST inflows top ₹1 lakh cr

      HEADLINES:

GST inflows top ₹1 lakh cr. for second month in a row

      WHY IN NEWS:

November revenues were 1.4% higher than 2019 collection

MINISTRY? :- Ministry of Finance
SYLLABUS COVERED: GS 3: GST : Taxation

      ISSUE: 

The GST revenues from the first eight months of 2020-21 add up to ₹6,64,709 crore.

GST COLLECTIONS

  • Gross revenues from the Goods and Services Tax (GST) crossed ₹1 lakh crore for the second month in a row.

Current Affairs News Analysis for UPSC | 2nd Dec 2020

KEY POINTS

  • The Gross Revenue ₹1,04,963 crore collected in November 2020.
  • This was 1.4% higher than a year ago but a tad lower than October’s collections.

The pick-up in GST revenues over the last two months could reduce the shortfall in GST compensation dues to the States.

  • It was reflecting a 17.4% dip from the ₹8,05,164 crore collected in the same period of 2019-20.

[wc_highlight color=”yellow” class=””]ALSO READ : MUST NEEDED GST REFORMS  [/wc_highlight]

The revenues for November 2020 are 1.4% higher than the GST revenues in the same month last year.

  • During the month, revenues from imports was 4.9% higher.

Revenues from domestic transaction are 0.5% higher than the revenues from these sources during the same month last year.

[wc_highlight color=”yellow” class=””]ALSO READ : GST COMPENSATION TO STATES  [/wc_highlight]

      IASbhai WINDUP: 

  • Economists urged caution till December to assess if the economy is truly out of the woods after the festive demand factor has played out.
     SOURCES:  THE HINDU | Current Affairs News Analysis for UPSC | 2nd Dec 2020

‘No move for universal vaccination’

      HEADLINES:

‘No move for universal vaccination’

      WHY IN NEWS:

Various mechanisms are in place to ensure the safety of the volunteers participating in drug/vaccine testing and ensuring the efficacy of the end product.

SYLLABUS COVERED: GS 3:Health:Diseases

      ISSUE: 

The government has never spoken about vaccinating everyone against COVID-19- Health Secretary Rajesh Bhushan

NO UNIVERSAL COVID-19 VACCINATION PLAN

REASONS

  • It is important to discuss such scientific issues based on factual information only.

Vaccination would depend on the efficacy of the vaccine, and our purpose is to break the chain of virus transmission.

  • If we’re able to vaccinate a critical mass of people and break virus transmission, then we may not have to vaccinate the entire population.
  • Adverse events are unlikely to impact the delivery timeline of the vaccine.
  • Adverse events do occur with drugs or vaccines or any other health intervention.

ROLE OF REGULATOR

  • It is the role of the regulator after collating all data to ascertain or refute whether there is a link between the event and intervention.

The start of a clinical trial subjects were expected to sign a prior informed consent form.

  • Also clinical trials are multi-centric and multi-site where each site has an institutional ethics committee independent of manufacturer.

AUTHORIZATION

  • Also the Data Safety Monitoring Board monitors clinical trials from day-to-day basis and keeps an eye on adverse events.

These reports are analysed by the Drug Controller and action taken accordingly.

      IASbhai WINDUP: 

  • The country reported a total 12,78,727 COVID-19 cases in November, a decrease from October’s 18,71,498.
     SOURCES:  THE HINDU   | Current Affairs News Analysis for UPSC | 2nd Dec 2020

The gavel falls on ‘indecorous attire’

      HEADLINES:

The gavel falls on ‘indecorous attire’

      WHY IN NEWS:

After lawyer appears shirtless during virtual hearing, judge says ‘this is not done’

SYLLABUS COVERED: GS 2 : Contempt of Court : Judiciary

      ISSUE: 

On Tuesday, a “shirtless” man’s appearance saw Justice L. Nageswara Rao lose his usual stoicism to say “this is not done”.

  • A few seconds later, the visual disappeared, thanks to the control room’s deft manoeuvre, but the after-taste remained.

Current Affairs News Analysis for UPSC | 2nd Dec 2020

  • The Supreme Court has seen and heard almost all in the virtual court system during the pandemic months.

Lawyers have appeared without shirts or in T-shirts, mothers scolding children and guttural cries of vendors, dogs and cats have disturbed the hearings of the top court.

[wc_highlight color=”yellow” class=””]ALSO READ : CRITICISM VS CONTEMPT  [/wc_highlight]

OF RESPECTABILITY

  • The judges agreed that such gaffes are “inappropriate”.
  • People need to be respectably attired while engaging with the highest court of the country.

Chief Justice of India Sharad A. Bobde makes it a point to show his displeasure when lawyers appear without their bands on.

  • On the other hand, lawyers usually complain that they are muted.
  • They find themselves disconnected during hearings.

      IASbhai WINDUP: 

FULL ATTENDANCE

  • The Supreme Court had heard and disposed of over 30,000 cases during these months of public health crisis.

Justice D.Y. Chandrachud- The virtual court system was citizen-centric and an attempt from the judiciary to tell citizens that “we value your time”.

  • CJI Bobde- There is a need for courts to access fibre-optic networks to ensure better connectivity even in the remotest parts.
SUGGESTED READING : CONTEMPT OF COURT 
     SOURCES:  THE HINDU | Current Affairs News Analysis for UPSC | 2nd Dec 2020

SII reiterates vaccine safety

      HEADLINES:

SII reiterates vaccine safety

      WHY IN NEWS:

Pune firm says it will be released for use only after being proved immunogenic

SYLLABUS COVERED: GS 3:Health:Diseases

      ISSUE: 

Amid allegations by a “Covishield” volunteer of “adverse reaction” during trials, the Pune-based Serum Institute of India (SII) reiterated that the vaccine was “safe” and “immunogenic”.

  • The vaccine-maker said that the authorities were informed and the Principal Investigator, Data and Safety Monitoring Board (DSMB).
  • Ethics Committee had independently cleared and reckoned the case as “a non-related issue” in the vaccine trials.
  • The SII said that following the incident, it had submitted all reports and data related to the incident to the Drugs Controller General of India (DGCI).

It further said that it wanted to assure everyone that the vaccine would not be released for mass use unless it was proven immunogenic and safe.

      IASbhai WINDUP: 

‘MALICIOUS’ CHARGE

  • The SII, calling the allegations “malicious” and “misconceived”.
  • The SII’s chief executive officer, said last week that “zero hospitalisations” had been reported during the trials.
  • “The trials have established Covishield’s efficacy as it has shown to reduce the virus in a person’s system by 60%.
SUGGESTED READING : VACCINE POLICY IN INDIA
     SOURCES:  THE HINDU  | Current Affairs News Analysis for UPSC | 2nd Dec 2020

PMI shows manufacturing losing steam

      HEADLINES:

PMI shows manufacturing losing steam

      WHY IN NEWS:

Survey-based index pegs sector’s expansion at 3-month low; job shedding apace, confidence fades

SYLLABUS COVERED: GS 3: Economy : PMI

      ISSUE: 

November’s manufacturing PMI marked a three-month low, indicating loss of momentum.

WHAT IS THE PURCHASING MANAGERS’ INDEX?

  • The Purchasing Managers’ Index (PMI) is an index of the prevailing direction of economic trends in the manufacturing and service sectors.

It consists of a diffusion index that summarizes whether market conditions, as viewed by purchasing managers, are expanding, staying the same, or contracting.

  • The purpose is to provide information about current and future business conditions to company decision makers, analysts, and investors.

KEY TAKEAWAYS

  • The PMI is based on a monthly survey of supply chain managers across 19 industries, covering both upstream and downstream activity.

The value and movements in the PMI and its components can provide useful insight to business decision makers, market analysts, and investors. 

  • It is a leading indicator of overall economic activity.
  • A figure above 50 denotes expansion in business activity. Anything below 50 denotes contraction.
  • The Purchasing Managers’ Index (PMI) for India’s manufacturing touched 56.3 in November.
  • It is signaling that even as an improvement in wider industrial activity continued.

The sector’s expansion as well as the pace of of new orders slowed down while employment declined further as business optimism faded during the month.

  • After hitting 58.9 in October, the highest in over a decade, November’s manufacturing PMI marked a three-month low, IHS Markit, which compiles the index.

      IASbhai WINDUP: 

  • The Purchasing Managers Index (PMI) is a measure of the prevailing direction of economic trends in manufacturing.
  • Business optimism faded slightly in November.
  • Firms are projecting sustained demand growth in the near-term and responded to this by lifting input buying to increase their safety stocks.
     SOURCES:  THE HINDU | Current Affairs News Analysis for UPSC | 2nd Dec 2020

J&K’s Roshni Act(TOMORROW)

DISCOVER MORE : Important Daily Current Affairs for UPSC PRELIMS 2021

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