152989058.09-11-15

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Current Affairs from The Hindu DATE: 09-11-15

S.NO. NEWS TE! S"##$%$S ESSENCE O& THE A'TC#E

1. Pak in a losing

nuclear race (Page

12)

a) International a) Pakistans official position is that it needs more

nuclear weapons to counter Indias conventional arsenal.

Its expected to become the worlds third largest nuclear

power with as many as 12 warheads! behind the "# and

$ussia.

2. %illions vote in

%yanmar polls

(Page 1&)

a) International a) %illions of citi'ens voted in %yanmars historic

general election that will test whether the militarys long

standing grip on power can be loosened! with pposition

leader *ung #an #uu +yis party expected to secure an

easy victory.

,. nly democracy

can decide future

(Page 1&)

a) International a) *s -hinas top newspaper warned peace was at risk

if it opted for independence! aiwans opposition leader

and presidential frontrunner said that only the people ofaiwan can decide its future and will do so in elections in

/anuary.

&. -ameron says he

will not rule out

"+s exit from

0uropean "nion

(Page 1&)

a) International a) *fter months without a breakthrough! avid

-ameron will finally give more details of what reforms

he wants for ritain to stay in the 0uropean "nion before

a looming referendum.

3. 4rances climate

warning5 life on

planet is at stake

(Page 1&)

a) International a) 4rances top diplomat (who will preside over a year

end Paris summit tasked with inking a global pact to rein

in global warming) warned of a looming planetary

catastrophe.

6. Pluralist vision

triumphs in ihar

(Page 1)

a) 7ational a) he clear mandate for the 8rand *lliance of the

/anata al ("nited)! the $ashtriya /anata al and the

-ongress in ihar is not only a vote for social welfareand economic development! but also a vote against all

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forms of divisive politics of communal hate and religious

intolerance.

9. Perils of being a

hegemon (Page

16)

a) 0conomy a) :egemony is defined as political! economic or

cultural dominance or authority over others. ;hen

applied to the current global economy! hegemony refers

to the primacy of the *merican dollar in relation to other

currencies.

<. %ars rbiter

%ission is in good

nick! says I#$

chief (Page =)

a) 7ational

b) #>

a) Indian #pace $esearch rganisation -hairman *.#.

+iran +umar said that the health of the %ars rbiter

%ission or %angalyaan was extremely good.

=. *mateur

archaeologists

discover

%esolithic rock

paintings in

+adapa (Page =)

a) 7ational

b) 8eography

a) *mateur archaeologists have stumbled upon

%esolithic period rock paintings at 8andikota 4ort in

+adapa district.

S.NO. NEWS TE! S"##$%$S %AC()'O$ND !*O'TANT *ONTS

1. Pak in a losingnuclear race (Page

12)

a) International a) Pakistans nuclearweapons programme

b) 7uclear #uppliers

8roup (7#8)

a) *ccording to he 7ew

?ork imes! persuading

Pakistan to rein in its nuclear

weapons programme should be

an international priority. It said

Islamabads competition with

India (which is adding to its

own nuclear arsenal) is a losing

game.

b) Pakistans official position

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is that it needs more nuclear

weapons to counter Indias

conventional arsenal. Its

expected to become the worlds

third largest nuclear power with

as many as 12 warheads!

behind the "# and $ussia.

c) he 7? has also urged

the "# to keep trying to reach adeal with Pakistan aimed at

reining in its nuclear

programme.

d) he ma@or world powers

spent two years negotiating an

agreement to restrain nuclear

ambitions of Iran! which does

not have a single nuclear

weapon. ?et there has been nocomparable investment of effort

in Pakistan! which (along with

India) has so far refused to

consider any limits at all.

e) he bama administration

has begun talks with Islamabad

in this regard. ut a nuclear deal

similar to the one with India is

not on the cards. "# officialsare discussing what Pakistan

needs to do to @ustify *merican

support for its membership in

the &<nation 7#8! which

governs trade in nuclear fuel

and technology.

f) It is worth noting that the

7? editorial comes at a time

when tensions are running high between India and Pakistan. he

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editorial also criticises P%

%odi for not doing anything to

engage Pak on security issues!

and he also bears responsibility

for current tensions.

2. %illions vote in

%yanmar polls

(Page 1&)

a) International a) %yanmar internal

issues

b) 7ational Aeague for

emocracy party

c) "nion #olidarity

evelopment Party

a) %illions of citi'ens voted

in %yanmars historic general

election that will test whetherthe militarys longstanding grip

on power can be loosened! with

pposition leader *ung #an

#uu +yis party expected to

secure an easy victory.

b) It was the first time even

for #uu +yi! the epitome of the

democracy movement who had

defied the @unta for decades.

c) *lthough more than =

parties are contesting elections!

the main fight is between #uu

+yis 7ational Aeague for

emocracy and the ruling

"nion #olidarity evelopment

Party! made up largely of former

@unta members.

d) -ertainly! though! the

election will not bring full

democracy to this nation! which

spent nearly five decades under

brutal military rule and the last

five years under a Buasicivilian

government.

e) %yanmars constitution

guarantees 23 percent of seats inParliament to the military! and

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was rewritten to keep #uu +yi

(the countrys most popular

politician) from the presidency.

f) *fter taking power in 1=62!

the @unta first allowed elections

in 1==! which #uu +yis party

won overwhelmingly. *

shocked *rmy refused to seat

the winning lawmakers! withthe excuse that a new

constitution first had to be

implemented! a task that ended

up taking 1< years.

,. nly democracy

can decide future

(Page 1&)

a) International a) -hina C aiwan

relation

b) ne -hina policy

a) * day after -hinese

President Di /inping and aiwan

President %a ?ing@eou held

historic talks in #ingapore! saiIngwen (leader of aiwans

independenceleaning

emocratic Progressive Party)

said the leaders meeting had

done nothing to make aiwans

people feel safer.

b) *s -hinas top newspaper

warned peace was at risk if it

opted for independence! he saidthat only the people of aiwan

can decide its future and will do

so in elections in /anuary.

c) $eferring to the rule of the

-hinafriendly %a! sources said

that progress over past seven

years has been possible due to a

@oint political will to oppose

aiwan independence andaccept there is one -hina! albeit

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it with different interpretations.

&. -ameron says he

will not rule out

"+s exit from

0uropean "nion

(Page 1&)

a) International a) 0uropean "nion a) *fter months without a

breakthrough! avid -ameron

will finally give more details of

what reforms he wants for

ritain to stay in the 0" before

a looming referendum.

b) :e also highlighted that

there would have to be four

months between any deal being

agreed and the vote being held.

In recent weeks! 0uropean

partners have put increasing

pressure on -ameron to lay out

in more detail what kind of

reforms he wants.

3. 4rances climate

warning5 life on

planet is at stake

(Page 1&)

a) International a) Paris -limate summit

213

b) 8reenhouse gas

(8:8) emissions

c) 8lobal warming

a) 4rances top diplomat (who

will preside over a yearend

Paris summit tasked with inking

a global pact to rein in global

warming) warned of a looming

planetary catastrophe.

b) ;ith the key "7 conference

@ust three weeks away! he alsoannounced that $ussias

President Putin would attend the

7ov , opening. $ussia (a

ma@or oil producer) is seen as a

dealmaker or breaker in the

yearslong attempt to negotiate

the worlds first truly universal

pact to rein in global warming

by curbing climatealtering

greenhouse gas emissions.

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c) :e added that there is

absolute urgency in chasing "7

goal of limiting global warming

to 2 degrees -elsius (,.6

degrees 4ahrenheit) over pre

Industrial $evolution levels.

d) he Paris agreement will

be the first uniting all nations in

curbing 8:8 emissions.

6. Pluralist vision

triumphs in ihar

(Page 1)

a) 7ational a) ihar politics

b) /anata al ("nited)

c) $ashtriya /anata al

d) -ongress

e) /P

a) he clear mandate for the

8rand *lliance of the /anata

al ("nited)! the $ashtriya

/anata al and the -ongress in

ihar is not only a vote for

social welfare and economic

development! but also a vote

against all forms of divisive politics of communal hate and

religious intolerance.

b) etween the Aok #abha

election of 21& and this years

*ssembly election! politics in

ihar saw unprecedented

churning! bringing together

parties of different ideologies

and social bases in the face of arising tide of aggressive

ma@oritarianism stirred up by

the /P.

c) *s a matter of fact! the

seeds of the /Ps defeat in

ihar in 213 were sown even

before its spectacular victory in

21& Aok #abha election. *s

%odi became the national faceof the /P in 21,! the prime

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mover of the /(") (-% 7itish+umar) was Buick to recognise

the social cost of his political

alliance with the saffron party.

d) *fter his attempt to emerge

as the sole alternative to /P

ended in failure! with the $/

and the -ongress occupying the

political space for a secular

opposition! +umar piecedtogether the 8rand *lliance

with his longtime political foes.

hus Aalu Prasad became his

principal ally against a

marauding /P! which was

feeding into a highly divisive

communal agenda.

e) ut it was not @ust the

electoral arithmetic that workedagainst the /P. In the months

since the Aok #abha election!

the party pushed the :indutva

agenda very hard even while

paying lip service to growth and

development.

f) +umar must now use the

mandate to scale up his vision

for ihar and build on efforts toimprove governance. * lot was

done in the last 1 years to alter

ihars image as one of the most

backward #tates in the country!

but he needs to do more. ut

most importantly! the new govt

in ihar will need to counter the

socially disruptive agenda of

:indutva elements. *fter all!

the vote is for a pluralist visionof India! for an idea of ihar

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that is both inclusive and progressive.

9. Perils of being a

hegemon (Page

16)

a) 0conomy a) 8lobal economic

situation

b) 8lobal financial

system

c) $eserve currencies

d) -urrency devaluation

e) -urrent account

deficit

a) :egemony is defined as

political! economic or cultural

dominance or authority over

others. ;hen applied to current

global economy! hegemony

refers to the primacy of the

*merican dollar in relation toother currencies.

b) ;hether @ustified or not!

the primacy of the dollar over a

long period of 9 years has

brought about a degree of

stability to the global financial

system and by extension to the

global economy. he dollar has

remained the superpower of thefinancial and monetary system.

c) *ccording to the #tatistics!

there are seven ma@or reserve

currencies. *part from the

dollar! the reserve currencies are

the euro! ritish pound!

/apanese yen! #wiss franc!

-anadian and *ustralian

dollars. *bout 62 percent ofinternational currency assets are

held in "# dollars! 2, percent in

euros and & percent in yen and

sterling. *lmost two thirds of

Indias forex reserves are said to

be in dollars.

d) o Bualify as a reserve

currency! the country must run a

large current account deficitwhich will be easily financed by

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other countries desiring to park

their reserves in that currency.

4or most parts! the dollar has

been the first choice of central

banks to invest their reserves.

e) ?et and not for the first

time doubts have been raised as

to the stability of the system

presided over by the dollar. hisis because the dollars

supremacy rested on a strong

"# economy. he "#s share of

global 8P is 2, percent and its

share of global merchandise

trade is 12 percent.

f) hose are impressive

numbers but not sufficient to

reinforce its number one position when one considers

that 6 percent of the global

output lies within a de facto

dollar 'one (currencies are

either pegged to the dollar or

move in tandem with it).

g) he "#s share of global

corporate investment has been

declining. :owever! it is ;all#treet that has an overreaching

influence over stock markets

everywhere.

h) *s the 0conomist puts it

succinctly the costs of dollar

dominance are starting to

outweigh the benefits. *s seen

in India too! currencies and

stock markets suffer wildgyrations. * miniscule rise in

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the *merican interest rate or

even a talk about it is enough to

cause huge reverse flows of

dollars invested elsewhere.

i) #econd! there are limits

beyond which the "# can make

up for liBuidity shortage in the

global financial system which

has grown enormously. hree!*mericas political system is

seen to be dysfunctional. he

Buestion needs to be asked for

how long countries will tie their

financial systems to vagaries of

"# politics. 4inally! the "# is

not averse to using its financial

clout to achieve political

ob@ectives.

@) he case for one or more

currencies sharing the burden

with the dollar looks strong.

:owever! over the years no

other currency! not the euro not

even the much touted yuan can

occupy that place.

k) he yuan particularly has a

strong backing in India andother emerging market

countries. #ooner rather than

later the yuan will acBuire

reserve currency status.

:owever the recent slowing

down of its economy as well as

series of currency devaluations

have lent some opacity to

-hinas macro management. *

very recent report from -hinatalks of accelerated financial

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152989058.09-11-15

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