IASbhai Editorial Hunt
Dont just follow your dream..so chase them down, grab hold, and dont let go.-Kellie Elmore
EDITORIAL 28:“Blunting the economic impact of a pandemic“
SOURCES: THE HINDU EDITORIAL/EDITORIALS FOR UPSC CSE MAINS 2020
Blunting the economic impact of a pandemic
There are a number of helpful actions the government can take in response to the unfolding distress across sectors
SYLLABUS COVERED: GS 3:Economy
The virus has eaten into the just-a-month-old Budget whose numbers now appear unrealistic. Substantiate -(GS 3)
How COVID-19 will impact the budget 2020 has been clearly mentioned in this article. Author suggests some wonderful measures to be taken to bounce back from the economic jerk which India is facing right now.
Here are some suggestions for the task force to discuss.
Those such as cab drivers, restaurant waiters, mall workers, domestic help, itinerant retailers and other casual job workers are either already without jobs and incomes or will soon find themselves in that position.
It may not be a bad idea to consider cash transfers of a fixed amount to these vulnerable sections.
There are 33 crore accounts under the Pradhan Mantri Jan Dhan Yojana that can be leveraged for this purpose.
There is also an efficient Public Distribution System prevalent in most States through which the beneficiaries can be identified for a cash handout.
There are a total of 23.53 crore ration cards in the country according to the National Food Security Portal.
Last month, Hong Kong announced a cash handout of HK$10,000 to every permanent resident as a supportive measure. The United States is also weighing the option of a cash handout totalling $250 billion to its citizens.
Service industries such as airlines, hotels and restaurants and tourism have begun to feel the pinch, and in course of time the pain will extend to the manufacturing sector as well.
The immediate problem for the services industry is that the cash spigot has been turned off.
There will be revenue and profit issues to deal with later but the immediate crisis is one of cash flows.
While the cash registers have stopped ringing, these businesses have to deal with expenses that cannot be put off such as salaries, lease instalments, loan repayments and so on.
Banks are obviously not going to offer any accommodation to these businesses given their own issues with sick loans.
This is where the government can consider what most of the affected nations in the West have done —offer loan guarantees to affected businesses.
Britain has pledged £330 billion of government-backed loans and guarantees, France and Spain have announced €300 billion and €100 billion aid, respectively.
The priority is to keep businesses liquid and that is the reason why these countries have pledged such large amounts as guarantees.
The cash machine has to be kept well-lubricated in these difficult times and the government can play a role in that.
For a start, it can provide guarantees to working capital loans and link it with assurances from the borrowers concerned that they will secure the jobs in their companies.
An equated monthly instalment (EMI) holiday can be a huge blessing for individuals and businesses when faced with a job loss, salary cut or loss of revenue.
A three-month mortgage holiday should be coaxed out of lenders by the government to begin with for businesses in obvious trouble and to those employed by such businesses.
The Reserve Bank of India should show regulatory forbearance in the matter of asset recognition for banks when it comes to these industries.
If this shutdown prolongs beyond the next couple of weeks, the government may have to look at offering temporary tax relief to businesses.
There are other helpful actions that the government can take such as promptly discharging its bills, refunding taxes without delay, promptly carrying out direct benefit transfers already budgeted for, and, if necessary, even permitting affected businesses to temporarily delay payment of statutory dues such as provident fund and ESI.
HOW TO FINANCE?
Kerala, for example, has already announced a ₹20,000 crore package and other States may follow suit.
It may be a good idea for the Centre to leverage State resources along with its own.
Second, the government will have to engage with the private sector while devising assistance measures.
There is a lot of expertise and sharp financial minds available in the private sector and these should be tapped into for innovative ideas.
A well-structured, tax-efficient bond issue can be an option to tap into the large pool of domestic savings.
EDITORIAL 29:“Crime and punishment“
SOURCES: THE HINDU EDITORIAL/EDITORIALS FOR UPSC CSE MAINS 2020
Crime and punishment
A society that prefers a male child has already condemned its women to an unequal world
SYLLABUS COVERED: GS 2:Judiciary
A society that endorses a preference for the male child has already condemned the girl child to an unequal world. Discuss -(GS 3)
Article discusses how laws for rape crime has been evolving yet the mindsets are same ! Whooping crime rates need to addressed at faster rates . There are some facts here which you dont need to remember .
A little over seven years later, the first date of execution was set for January 22, and the convicts tried all legal avenues possible to escape the punishment.
CRIME VS PUNISHMENT
After the executions, on Friday, her mother said, “Families will start teaching their boys that the punishment for such a crime will be severe.”
BUT IS INDIA ANY CLOSER TO GUARANTEEING SAFETY FOR WOMEN?
In 2012 : the state set up the Justice J.S. Verma Committee to look into rape laws.
The report, filed in a month, led to stringent changes through the Criminal Law (Amendment) Act, 2013, but several recommendations were simply not considered, including those relating to marital rape and police reform.
On the imposition of the death penalty, the government went against what the Verma report had suggested — that seeking such a punishment “would be a regressive step in the field of sentencing and reformation”.
Now, repeat offenders in rape cases, even those that unlike the Nirbhaya case did not involve murder, can be awarded the death sentence.
The Verma Committee had argued instead for rigorous imprisonment of a convict for life.
It is a fact that sexual crimes against women have not come down since the Delhi case.
FACTS AND REPORTS
Going by data in the National Crime Records Bureau report,#CRIMEAGAINSTWOMEN
- a total of 3.78 lakh cases were recorded across India in 2018 compared to
- 3.59 lakh in 2017 and
- 3.38 lakh in 2016.
The total number of rape cases in 2018 was pegged at 33,356, of which Madhya Pradesh registered 5,450 rapes, the maximum in 2018.
The crime rate per one lakh women population was 58.8 in 2018 compared to 57.9 in 2017.
At the end of 2018, 33.6% cases were pending police investigation.
Until Indian leaders, policy-makers and society shed the gender bias and the thinking that they need to protect women as a question of honour, there will be no stopping crimes such as rape, sexual assault and harassment.
This raises the key question — what does India need to do to protect its girls and women? It is apparent that laws may have changed, but not mindsets.