Newspaper Must Read Articles of The Day– 12 November 2015

The Hindu

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Government relaxes FDI norms across 15 sectors: Regarding FDI reforms, Govt. eased norms across 15 sectors. Main sectoral changes in the FDI regime includes-Construction sector, Defence, Broadcasting, Plantation, Retail, LLPs, Aviation, Banking etc. No government approval is required for investment in automatic route by way of swap of shares. These (reforms) are the biggest path-breaking and the most radical changes in the FDI regime ever undertaken by the Centre.(Government Policies, Economic development – GS Paper III)

A checklist for success in Paris: Greenhouse gas (GHG) emissions reduction plans that can keep the world well below a safe level of warming compared with pre-industrial times; considerations of equity where both stock (historical) and flow (annual) emissions are reflected; support from rich countries to developing countries through finance, technology and capacity building; and support for loss and damage. (Environment – GS Paper III)

Don’t dismantle, reform: Why are 70% of the poor not participating in the MGNREGA? Only 30% of poor households participate. In the IHDS sample, more than 60% of interested households complained of not having sufficient work due to poor implementation. This phenomenon, known as work rationing, varies across the country and some of the poorest states, such as Bihar and Odisha, have particularly low participation rates. (Social development paper II)

GST, by another name:The Centre is empowered to impose a Central GST by merging the excise and service tax regimes. Malaysia implemented the GST on April 1 this year. Like India, it has had an overly extended debate on the GST since 2005.(Government Policies, Economic development – GS Paper III)

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