DAILY NEWS DIARY FOR PRELIMS AND MAINS - 12.01.2021 Of - Sosin Classes

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DAILY NEWS DIARY FOR PRELIMS AND MAINS - 12.01.2021 Of - Sosin Classes
DAILY NEWS DIARY                                   12.01.2021

                    DAILY NEWS DIARY
                            Of

                        12.01.2021

                   FOR PRELIMS AND MAINS

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DAILY NEWS DIARY FOR PRELIMS AND MAINS - 12.01.2021 Of - Sosin Classes
DAILY NEWS DIARY                                                12.01.2021

 Warm Greetings.

  DnD aims to provide every day news analysis in sync with the
   UPSC pattern.
  It is targeted at UPSC – Prelims & Mains.
  Daily articles are provided in the form of Question and
   Answers
         To have a bank of mains questions.
         And interesting to read.
         Providing precise information that can be carried
          straight to the exam, rather than over dumping.

 Enjoy reading.

                       THE HINDU      - TH
                       INDIAN EXPRESS - IE
                       BUSINESS LINE  - BL
                       ECONOMIC TIMES - ET
                       TIMES OF INDIA - TOI

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DAILY NEWS DIARY FOR PRELIMS AND MAINS - 12.01.2021 Of - Sosin Classes
DAILY NEWS DIARY                                                           12.01.2021

                                     INDEX
 Essay Paper
   Editorial
1. Is Paying women for domestic and care work a step back in gender equality…………….04

   GS 2
 Governance
1. The role of federalism displayed in Vaccine disbursal in ……………………………………….....05

   GS 3
 Economic Development
1. Current warnings of disconnect between markets and real economy…………………...…07

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DAILY NEWS DIARY FOR PRELIMS AND MAINS - 12.01.2021 Of - Sosin Classes
DAILY NEWS DIARY                                                                                12.01.2021

                                                  ESSAY PAPER
     EDITORIAL
     Q – Is Paying women for domestic and care work a step back in gender equality. Critically Analyse?
     INTRODUCTION = The proposal, put forth by Kamal Haasan’s political party, Makkal Needhi Maiam, has
     generated curiosity and reopened the old but unsettled academic debate. On the face of it, the proposal
     might appear progressive. However, closer scrutiny suggests otherwise.
     Need to pay women for domestic and care work has arisen due to –
1.   Women bearing a disproportionately high burden of unpaid domestic work and care work in India.
2.   In Tamil Nadu, the all-India Time Use Survey (2019) says that 82% of females (six years and above) as
     against 24% of males from Tamil Nadu participate in unpaid domestic work.
3.   A similar disparity prevails at the all-India level as well: 81% of females (six years and above) and 26% of
     males participate in unpaid domestic work.
4.    There is an equally huge disparity in the average time spent by participating males and females. While
     females (six years and above) in Tamil Nadu spend, on average, 261 minutes a day in unpaid domestic
     work, males spend only 91 minutes. The corresponding figures for females and males in India are 299
     minutes and 97 minutes, respectively.
5.    The data suggest that females bear more than 83% of the burden of domestic and care work both in Tamil
     Nadu and India.

     Critical Analysis of the proposed policy –
     The question is - What should a progressive policy proposal aim at: paying women a wage for domestic
     and care work or addressing the huge gender disparity?

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DAILY NEWS DIARY                                                                                12.01.2021

   The insights offered by the feminist economist Diane Elson (2017) are pertinent. The gist of her
    argument is this: public policy should aim at closing the huge gender gap in unpaid domestic and care
    work through ‘recognition, reduction and redistribution’ (Triple-R).
    Pros - The party’s proposal only satisfies the first component of Triple-R, that is ‘recognition’ = Paying a
    wage is a formal recognition of the fact that unpaid domestic and care work are no less important than
    paid market work, as the latter is parasitic on the former.
     Since it is women who predominantly carry out unpaid domestic and care activities, often at the expense
    of their employment prospects and health, the monetary reward is a recognition of their contribution to
    the well-being of the household and the opportunities forgone by women. The proposal appears
    progressive, for this reason and to that measure.
    Cons - The proposal not only fails miserably in addressing the 2nd aspect of Reduction, but also has the
    potential to increase women’s burden.
    This is because paying monetary benefits carries with it the possible danger of formally endorsing the
    social norm that domestic and care work are ‘women’s work’, for which they are being paid. The
    purportedly progressive proposal thus has the risk of furthering the gender disparity in unpaid work within
    homes.
    What’s more, it also fails in the other crucial aspect of ‘redistribution’ of the burden of unpaid work.
    In fact, it might give space for men to claim that women are bound to do these unpaid activities as they
    are being compensated for the time spent or income foregone, and that women can at best expect men
    only to help but not participate daily in carrying out these activities.
    The fact that only 24% of men from Tamil Nadu participate in and spend less time than women on unpaid
    domestic work calls for a policy proposal that increases men’s participation and the time they spend in
    unpaid work at home.
     Instead, the WAY FORWARD can be of incentivising men to participate more in household work and
    reducing women’s burden by redistributing the responsibility, the current proposal might do the
    opposite. As paying women a wage for shouldering the primary responsibility is not viable. At best, the
    latter might help meet what the academic Caroline Moser referred to as ‘practical’ gender needs. But it
    cannot possibly address the ‘strategic’ gender needs of reducing and redistributing women’s burden. The
    electoral promise, therefore, lacks the transformative potential of achieving gender equality in sharing
    unpaid work.

  GS 2
 Governance
  Q – Discuss the role of federalism displayed in Vaccine disbursal in India?
 Prime Minister Narendra Modi announced that the State governments would not have to pay for
  vaccinating the priority group of three crore healthcare and frontline workers, stating that the Centre
  would bear the cost.

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DAILY NEWS DIARY                                                                               12.01.2021

   The announcement came as the Central government placed a purchase order with the Pune-based Serum
    Institute of India (SII) for 11 million doses of Oxford COVID-19 vaccine, Covishield, at a cost of ₹210 per
    dose (including GST).
   Mr. Modi also “stressed ensuring that politicians don’t jump the queue, and take the vaccine when their
    turn comes”. The direction came amid requests by some States to include MPs, MLAs and panchayat
    heads in the priority groups.
   It’s a matter of pride that both the COVID-19 vaccines for which emergency use authorisation has been
    given are made in India.
   Both the approved vaccines are highly cost-effective in comparison to other vaccines from across the
    world. Keeping in mind that India would have faced great difficulty if it would have had to depend on
    foreign vaccines.

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DAILY NEWS DIARY                                                                           12.01.2021

   On this note India’s vast experience with vaccination would prove handy.

    For Prelims – Information on Global Vaccine Disbursals are –

   GS 3
 Economic Development
   Q – What are the current warnings of disconnect between markets and real economy that pose risks to
   the financial system in India?
   BACKGROUND = Reserve Bank of India (RBI) Governor Shaktikanta Das has flagged the growing disconnect
   between exuberant equity markets and real economic activity and warned that the ‘stretched valuations
   of financial assets’ threaten overall financial stability.
   According to RBI’s biannual Financial Stability Report (FSR), the current warnings can be summed up as –
1. Pointing to the interconnected nature of the financial system, the RBI Governor urged banks and
   financial intermediaries to be cognisant of the risk. India’s stock markets have been on a tear since
   plunging to their lowest levels in more than three years in March in the wake of the COVID-19 pandemic’s
   outbreak and ensuing lockdowns. As of a recent close, the benchmark S&P BSE Sensex had appreciated
   almost 90% from its March 23, 2020, low.

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DAILY NEWS DIARY                                                                              12.01.2021

2. The pandemic could also trigger balance sheet impairments and capital shortfalls, especially as
   regulatory reliefs are rolled back.
3. Congenial liquidity and financing conditions have shored up the financial parameters of banks, but it is
   recognised that the available accounting numbers obscure a true recognition of stress.
4. As per the FSR, the gross non-performing assets (GNPA) and net NPA (NNPA) ratios of banks fell to 7.5%
   and 2.1%, respectively, by September 2020. But the RBI warned that the withdrawal of pandemic-
   triggered reliefs could see a jump in bad loans at lenders.

   If the macroeconomic environment deteriorates, the ratio may escalate to 14.8% under the severe stress
    scenario. These projections are indicative of the possible economic impairment latent in banks’ portfolios
   Consequently, maintaining the health of the banking sector remains a policy priority and preservation of
    the stability of the financial system is an overarching goal.

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DAILY NEWS DIARY                                                                                 12.01.2021

       The book ‘Mahatma Gandhi and his apostles’ was written by which of the following
       authors?
       a. Sunil Kothari
       b. Ebrahim Alkazi
       c. Ved Mehta
       d. Sudhakar Chaturvedi

       Hey from yesterday….
        Which of the following statements is/are CORRECT regarding the COVID-19 Vaccine
       Intelligence Network (CoWIN)?
       1. This platform will assist the programme managers across all levels through automated
          session allocation for pre-registered beneficiaries
       2. It provides real time information of vaccine stocks, their storage temperature and
          individualised tracking of beneficiaries of the vaccine.
       3. And also generates a digital certificate upon successful completion of the vaccine
          schedule.
       a. 1 alone
       b. 2 and 3
       c. 1 and 2
       d. All of the above

       Answer – D
       NOTE: CoWIN is a digital platform to provide real time information of vaccine stocks, their
       storage temperature and individualised tracking of beneficiaries of the vaccine. This platform
       will assist the programme managers across all levels through automated session allocation
       for pre-registered beneficiaries, their verification and for generating a digital certificate upon
       successful completion of the vaccine schedule.

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DAILY NEWS DIARY               12.01.2021

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DAILY NEWS DIARY                                                               12.01.2021

                                      UPSC - CSE

             COMPREHENSIVE & FOUNDATION COURSE
                   OFFLINE From: 04.01.2021    ONLINE From: 08.01.2021

                   COURSE INCLUDES:
                 •NCERT       • Prelims & Main • GS Foundation   • CSAT
                 •Daily Tests & Writing Practice
                 •Optionals (ANTROPOLOGY / GEOGRAPHY)
                 •Nine Months Course
                 •Mentoring with Individual Focus
                 •SAVVY Sessions
                 •IAO Certification of Quality

                                      OPTIONALS
                                  NEW OFFLINE COURSES
                      ANTHROPOLOGY by Mrs. SOSIN REVELLA
                                    From: 23/12/2020

                                      OPTIONALS
                                   NEW OFFLINE COURSES
                       SOCIOLOGY by DR. HARSHAVARDHAN
                                    From: 03/02/2021

                                      OPTIONALS
                                  NEW OFFLINE COURSES
                       GEOGRAPHY by MR. SOHAN NARESH
                                    From: 03/02/2021

                                      OPTIONALS
                                  NEW OFFLINE COURSES
            TELUGU LITERATURE by DR. GARIKIPATI SUBRAMANYAM
                            From: 27/01/2021
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