#everydayquiz #thehindu #guardian #business stadard #indian express
The
Hindu:
The
challenge from France’s far-right
Business
Standard
A
vote for gradualism
Indian
Express
A
flying start
The
Guardian view on the European summit: symbols before substance
#SSC #IBPS #SBI #RBI #NABARD #NICL #NIACL #CAT #NMAT #everydayquiz
The Hindu:Unseemly turn in Arunachal Pradesh
The saddest aspect of
the political turmoil in Arunachal Pradesh is that its key actors have revived
unedifying practices that one would have thought the Indian polity had left
behind some years ago: dissident ruling party legislators joining hands with their
political rivals to bring down an elected government, holding parallel or
unauthorised Assembly proceedings, and the Governor playing a partisan role.
The conduct of Governor J.P. Rajkhowa in the ongoing crisis facing the Nabam
Tuki government, set off by a group of ruling Congress MLAs revolting against
his leadership, is questionable. In S.R. Bommai in 1994, the Supreme Court
decided that the only place for determining whether a Chief Minister has lost
his majority is the floor of the House, and not the Raj Bhavan. When it
appeared that Mr. Tuki had lost the support of many of the legislators, the
Governor could have either asked him to prove his majority when the Assembly
met on January 14, 2016, or, if the matter brooked no delay, requested him to advance
the session for the same purpose. There was no justification for the Governor
to advance the session to December 16 on his own, and a legitimate question
arises whether the Constitution permits such action. In another partisan act,
he sent a message to the House to take up ‘Resolution for removal of the
Speaker’ as the first item on the agenda.
The Congress has been
ruling the State with the support of 47 MLAs in the 60-member Assembly, but 20
ruling party legislators have rallied under former Minister Kalikho Pul and
joined hands with the 11-member Bharatiya Janata Party group in a bid to unseat
Mr. Tuki. They accuse the Chief Minister of financial mismanagement and
corruption. In a pre-emptive move against the rebels convening the Assembly on
the Governor’s order, the government locked down the legislature building and
the Speaker disqualified 14 out of the 20 dissidents to bring down the number
required for a majority. Disqualification under the anti-defection law is
subject to judicial review and the rebels could have challenged the Speaker’s
decision. Instead, showing unseemly hurry, the Deputy Speaker, a dissident
himself, ‘revoked’ their disqualification. All the rebels, along with the BJP
and independent MLAs, held a sitting of the ‘Assembly’ at a makeshift venue,
and ‘removed’ the Speaker and then the Chief Minister through a ‘no-confidence
motion’. With the Guwahati High Court keeping in abeyance all the decisions
taken at the rebel ‘session’, and sharply questioning the Governor’s action in
convening the Assembly, the rest of the crisis may play out in a courtroom.
Nevertheless, it would be a travesty of democracy if the current crisis results
in the imposition of President’s Rule without Mr. Tuki being given an
opportunity to prove his majority on the floor of the House. The Centre should
avoid any impression that constitutional norms will not be respected while
handling the issue.
un·seem·ly
(of behavior or
actions) not proper or appropriate.
tur·moil
A state of great
disturbance, confusion, or uncertainty.
un·ed·i·fy·ing
(especially of an
event taking place in public) distasteful; unpleasant.
dis·si·dent
A person who opposes
official policy, especially that of an authoritarian state.
con·duct
The manner in which a
person behaves, especially on a particular occasion or in a particular context.
con·vene
Come or bring together
for a meeting or activity; assemble.
re·voke
Put an end to the
validity or operation of (a decree, decision, or promise).
a·bey·ance
A state of temporary
disuse or suspension.
trav·es·ty
A false, absurd, or
distorted representation of something.
The
Hindu:
The
challenge from France’s far-right
The failure of Marine
Le Pen’s Front National to win even a single region in this month’s elections
in France demonstrates that the majority of French voters are not yet ready to
let the far-right party join governance. Had Ms. Le Pen’s anti-migrant,
anti-European party seized at least one of the regions, it would have had
dramatic consequences for the French polity. However, the election results, as
the Socialist French Prime Minister, Manuel Valls, himself had pointed out, are
hardly a cause for triumphalism. The FN had done remarkably well in the first
round of the elections, held weeks after the November 13 Paris terror attacks
in which 130 people were killed. The party captured 28 per cent of the vote and
came top in six out of 13 regions in that round. This alarming rise of the FN
had forced the two mainstream parties — Nicolas Sarkozy’s centre-right
Republicans and President François Hollande’s Socialists — to enter into a de
facto deal. The Socialists had even withdrawn their candidates from two regions
to support the Republicans against the FN. It took increased voter turnout and
tactical voting by the main parties to deliver the final blow to the FN in the
second round of elections.
However, the FN’s
political momentum appears undiminished. What was an untouchable xenophobic
far-right party on the fringes of French politics is now a force that cannot be
ignored. In the regional election, it received more votes than ever before, and
the number of its regional councillors tripled to 316. Ever since she took the
reins of the party, Ms. Le Pen has been trying to “mainstream” the FN without
changing its basic ideological premises. She isolated the overtly anti-Semitic,
racist wings of the party, and projected the FN as a nationalist force with
tough views on security, terrorism and migration. The rising security
challenges in the wake of the terrorist attacks, the inflow of refugees fleeing
the conflicts in West Asia and North Africa, and persistent economic slowdown
and the crippling austerity policies of the government that have strengthened calls
for protectionism have all helped Ms. Le Pen sell her sectarian narrative to a
large section of French society. The way the mainstream parties blocked the FN
in the election is commendable. But it’s not a sustainable strategy. If the
material conditions that helped the FN grow continue to persist, how long can
the Socialists and the Republicans keep them away from power through tactical
voting? This is the biggest challenge French politicians face. If left
unchecked, the influence of the far-right sections could redraw the French
political landscape, endangering the values of liberty, equality and
fraternity.
tri·um·phal·ism
Excessive exultation
over one's success or achievements (used especially in a political context).
main·stream
The ideas, attitudes,
or activities that are regarded as normal or conventional; the dominant trend
in opinion, fashion, or the arts.
tac·ti·cal
Of, relating to, or
constituting actions carefully planned to gain a specific military end.
xen·o·pho·bic
Having or showing a dislike
of or prejudice against people from other countries.
crip·ple
Cause (someone) to
become unable to move or walk properly.
aus·ter·i·ty
Sternness or severity
of manner or attitude.
com·mend·a·ble
Deserving praise.
Business
Standard
A
vote for gradualism
At its two-day meeting
this week, the United States Federal Reserve (Fed) lived up to expectations and
raised its baseline policy rate by 0.25 per cent. The impact on world markets
was generally positive. US short-term bonds hit five-year highs, equity indices
gained, and the dollar showed an expected strength. Asia-Pacific, which was
closely watched, showed a calm gain, as the FTSE Asia Pacific index went up 1.1
per cent. In initial trading, the major European indices gained between 1.5 and
two per cent. In many cases, the gains were led by financial stocks. However,
this exuberance did not extend to commodity markets, which continued their
sustained gloom.
The strong response in
the markets was thanks to a Fed statement that emphasised that its approach to
future tightening would be cautious, and gradual. The Fed noted that US
domestic inflation was still below its two per cent target, and that there was
still room for the labour market to improve. This set to rest any questions
about whether a sharp series of hikes was possible in 2016, and investors were
consequently relieved. The Fed also indicated that its balance sheet would stay
at its current extraordinarily large size until the rate-normalisation process
was properly underway. It is being seen as unlikely that any further hikes will
come before March and probably not before June, and the overall schedule will
depend upon a clear observable, namely US domestic inflation’s divergence from
the Fed’s target. In this response, however, some important data points are
being missed — such as the fact that the Fed’s committee, judging by its
forecasts that were released, generally believes that there will be at least
four more quarter-point rate increases by the end of next year.
Investors were also
cheered by the Fed’s cautious optimism about the state of the US economy. Janet
Yellen, chair of the Federal Reserve Board, viewed US domestic spending as
healthy and “growing at a solid pace.” On the overall picture, she said: “The economic
recovery has clearly come a long way, although it is not yet complete.” In
general, investors interpreted Dr Yellen’s view of the US economy as rosy, and
noted also that she did not seem to emphasise the existence of any major
overseas threats to financial stability and growth recovery. She did admit to
being “surprised” by oil’s continuing slide in prices, but insisted that, once
oil stabilised, inflation would resume its steady rise.
The deeper point here
is that the US Federal Reserve and Dr Yellen have clearly learnt from the
“taper tantrum” that resulted when the Fed almost casually let slip in 2013
that its bond-buying “quantitative easing” programme would begin to be reduced
in scale. Clear and coherent communication of its intentions has allowed
markets to gradually price in the future. It is also worth noting that this is,
in some sense, the beginning of the end of the extraordinary policies that were
put into place worldwide following the 2008 financial crisis. Too many
economies, including India’s, have begun to grow accustomed to those
extraordinary policies, and the excess liquidity they provided. While India’
external account is stable, the government and the central bank must remain
watchful.
grad·u·al·ism
A policy of gradual
reform rather than sudden change or revolution.
ex·u·ber·ance
The quality of being
full of energy, excitement, and cheerfulness; ebullience.
cau·tious
(of a person) careful
to avoid potential problems or dangers.
di·ver·gence
The process or state
of diverging.
tan·trum
An uncontrolled
outburst of anger and frustration, typically in a young child.
co·her·ent
(of an argument,
theory, or policy) logical and consistent.
ac·cus·tomed
Customary or usual.
Indian
Express
A
flying start
A little over a
half-century ago, when the mayor of New York decided to rename Idlewild, or New
York International Airport, after John F. Kennedy two months after his
assassination, he declared that “Our purpose in gathering here today is to
honour our international airport and our city and not the man whose name we
take for this place and occasion. The name is already assured of remembrance in
the chronicles of these times and of all time. Thus, we do not pretend to add
to the name’s lustre by adopting it even for this great crossroads of the
world’s skyways.” In the 52 years since, the naming of airports, especially in
this country, has become imbued with the opposite spirit. Tamil Nadu CM J.
Jayalalithaa skipped the 2013 inauguration of the new terminal at Chennai,
slighted by the rejection of her proposal it be named after her mentor and
AIADMK founder M.G. Ramachandran. When actor-director Girish Karnad suggested
that the Bangalore airport be renamed after Tipu Sultan, he was caught in a
double jeopardy — Hindutva forces attacked him for promoting a Muslim ruler,
while the Gowda community took it as an insult to Kempe Gowda, the 16th century
chieftain widely accepted as the founder of the city after whom its airport is
presently named.
In Chandigarh, too,
controversy has been brewing on the naming of the new airport terminal at
Mohali, shared between Punjab and Haryana. There has long been a demand to name
it after Bhagat Singh, the revolutionary freedom fighter. The Punjab Assembly
passed a resolution to this effect in 2009. The present Haryana chief minister,
Manohar Lal Khattar, said in September that he had no objection to the
proposal. Most other political parties in the two states also agree on naming
it after Bhagat Singh. Yet, more recently, Khattar has sent off a proposal to the
Centre asking that it be named after the late Mangal Sen, deputy chief minister
of Haryana between 1977-79, and an RSS leader.
Those accusing Khattar
of insulting Bhagat Singh’s memory are doing the martyr a disservice. Not
having his name adorn an airport does not diminish Bhagat Singh. What would be
best, though, is for Chandigarh International Airport to be left with its
present secular appellation, a precedent-setter in breaking away from the
increasingly fraught exercise of naming public assets, caught between competing
claims of political parties, religions, castes and linguistic communities. In
any case, those who want airports named after their heroes (or heroines) would
do well to remember that no one, except the flight attendant making the landing
and take-off announcements, refers to the airport in Delhi or Chennai or Mumbai
by its given name.
as·sas·si·na·tion
The action of
assassinating someone.
lus·ter
A gentle sheen or soft
glow, especially that of a partly reflective surface.
im·bue
Inspire or permeate
with a feeling or quality
jeop·ard·y
Danger of loss, harm,
or failure.
chief·tain
The leader of a people
or clan.
brew
Make (beer) by
soaking, boiling, and fermentation.
mar·tyr
A person who is killed
because of their religious or other beliefs.
dis·serv·ice
A harmful action.
a·dorn
Make more beautiful or
attractive.
The
Guardian view on the European summit: symbols before substance
The European project
is today in a more fragile state than it has been for many years. Battered by successive
crises, it is also trying to cope with a sea change in European public opinion.
In country after country, the attractions of a simplistic nationalism the
continent thought it had left behind are growing and the habit of blaming any
bad news on Brussels is becoming more entrenched, while the relations between
European partners are increasingly quarrelsome. Elections keep punching home
this dismal message, most recently in Poland with the victory of the Law and
Justice party in October, and in the French elections earlier this month, when
the Front National, although its attempt to take control of some of the
country’s regions failed, demonstrated its increased political weight. Law and
Justice’s decision to remove the European flag from behind the rostrum from
which its prime minister conducts her weekly press conference can be seen as
symbolic of this shift. There are counter currents – Law and Justice is now
slipping badly in the polls, for example – but the overall direction is clear
After Ukraine, Greece,
the refugee influx and the terrorist attacks in Paris, Europe cannot afford
another crisis. Yet one threatens, in the shape of David Cameron’s risky bid
for concessions on British demands for changes in its relationship with the European
Union. That bid both increases European fragility, because a British departure
from the union could lead to a more general unravelling, and gives the British
prime minister leverage he did not have in the past. Britain’s needs have moved
along the spectrum from being a nuisance toward being an existential threat to
the European Union. Unimportant in themselves, because they are largely
imaginary and symbolic, they now have to be dealt with more seriously because
of the larger implications for Europe as a whole.
To be fair to Mr
Cameron, he is not alone in needing symbolic coin to help him prevail
politically at home. Chancellor Angela Merkel is engaged in a not entirely
dissimilar operation in her attempt, now largely stymied, to get Europe to
share the burden of looking after Syrian and other refugees in some systematic
way. She knows that whatever system might be agreed would be unlikely to be
effective, but she needs something to show her voters that other Europeans are
ready to relieve some of the strain on Germany. Most other Europeans,
reflecting on the fact that Mrs Merkel helped stimulate a large increase in the
flow of refugees into Europe without even a brief consultation with her
partners, are unsympathetic, but recognise her difficulty.
Those European leaders
who support the union, still by far the majority, are faced with a conundrum
which has been part of the European project since its early days. Ordinary
people tend to blame the problems with which European countries would have to
cope whether there was a union or not on their transnational institutions. The
changes in the global economy, which have undermined employment in Europe,
would have happened with or without the EU. The status of Ukraine could well
have been contested with or without an EU. And a Syrian civil war would have
happened regardless of Europe’s political arrangements. What is less unfair is
the perception that the union is failing to deal competently with these
challenges. The disarray evident in the European ranks in the last two or three
years, the failure to agree, the readiness to postpone and the angling for
national advantage has led many citizens to conclude that the EU is not very
good at protecting and looking after them, or is even compounding the
difficulties of their lives.
Mr Cameron was given
an opportunity to present his case to other European leaders in Brussels on
Thursday evening, speaking for 45 minutes at the summit dinner and then
fielding questions. He spoke well, and the atmosphere was warmer than it has
been. Even though they think he has brought it on himself, his peers grasp that
he needs some symbolic baggage to take home with him. But everything he wants
is difficult. “Ever closer union,” for example, has been effectively off the
agenda in the European Union for years. Mr Cameron’s government knows that, yet
it still wants those words struck out as far as Britain is concerned. It is a
clear example of how dangerous the game of symbols has become. For want of
concessions that are not real, what is real – an imperfect union that is
nevertheless better than none at all, or one still weaker – could be thrown
away.
sub·stance
A particular kind of
matter with uniform properties.
frag·ile
(of an object) easily
broken or damaged.
bat·tered
Injured by repeated
blows or punishment
en·trench
Establish (an
attitude, habit, or belief) so firmly that change is very difficult or
unlikely.
dis·mal
Depressing; dreary.
un·rav·el
Undo (twisted,
knitted, or woven threads).
sty·mie
Prevent or hinder the
progress of
co·nun·drum
A confusing and
difficult problem or question.
dis·ar·ray
A state of
disorganization or untidiness.
#SSC #IBPS #SBI #RBI #NABARD #NICL #NIACL #CAT #NMAT #everydayquiz
good collection ..keep updating..Thanks
ReplyDeleteyes Keep Visiting,, happy reading :)
Delete