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The Hindu PDF 3 February 2024 Analysis

The Hindu PDF GKGSCA

The Hindu PDF 3 February 2024 Newspaper is considered an important source of news and information for UPSC (Union Public Service Commission) aspirants in India. The Hindu Epaper PDF newspaper covers a wide range of topics that are relevant to the UPSC exam, including politics, economics, international relations, governance, and social issues.

In the following article, we have shared the key points from The Hindu Newspaper today pdf for the students preparing for the UPSC and other competitive exams. These points from The Hindu newspaper pdf serve as current affairs material for their preparation.

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The Hindu Epaper Analysis 3 February 2024 for UPSC

Champai Soren sworn in as 12th CM of Jharkhand: Page 1
  • Champai Soren sworn in as 12th CM of Jharkhand
  • Satyanand Bhokta (RJD) and Alamgir Alam (Congress) take oath as Cabinet Ministers
  • 39 MLAs of ruling coalition moved to Hyderabad ahead of floor test
  • Hemant Soren sent to 5-day ED custody
  • New CM pledges to continue Hemant Soren’s work, vows to focus on tribal rights
  • Special two-day session of Jharkhand Assembly convened from February 5
  • Hemant Soren arrested in connection with money laundering case linked to land scam
  • Supreme Court directs him to approach High Court, refuses to entertain his plea
  • Champai Soren elected as leader of the legislative party, seeks blessings from party chief Shibu Soren
  • BJP leader alleges Champai Soren will be a ‘remote control CM’ under Shibu Soren’s family influence
Population priorities: Page 6
  • Union Finance Minister Nirmala Sitharaman announced a high-powered committee to consider challenges from population growth and demographic changes
  • Census for this decade has been postponed; last conducted in 2011
  • India’s total fertility rate (TFR) has decreased to 2 overall, with some states still above 2.1
  • Population growth rate has significantly decreased since the 20th century
  • Southern states show a rapid reduction in TFR due to better socio-economic outcomes and education
  • Rising life expectancy and demographic shift pose challenges and opportunities
  • Demographic dividend meaningful only with sufficient job creation and social security
  • High unemployment and lack of skilled employment opportunities threaten the demographic dividend
  • Committee’s role crucial in addressing job creation, social security, urbanization, and mechanization challenges
  • Risk of committee focusing on population issues through the lens of religion and immigration, distracting from addressing core challenges
Exposing India’s financial markets to the vultures: Page 6
  • J.P. Morgan plans to include Indian local currency government bonds (LCGBs) in its index suite from June 2024, followed by Bloomberg and FTSE Russell
  • India began the process of incorporating government bonds into global indices in 2019, with FAR introduced in 2020
  • Benefits include decreased dependence on domestic institutions and greater stability of funds tracking indices
  • Opening local bond markets could facilitate financing of current account and fiscal deficits, lower public borrowing costs, and increase lending and private investment
  • Foreign investment in local currency bonds exposes emerging economies to exchange rate risk and interest rate volatility
  • Experience from Malaysia and Türkiye shows potential risks and challenges in managing offshore currency markets
  • Y.V. Reddy emphasizes that currency internationalization requires a long evolutionary process and sustained development of the financial system
  • Internationalization of bond markets and currencies in emerging economies could lead to increased exchange rate instability and boom-bust cycles in capital flows
Two states: Page 6
  • British Foreign Secretary considering recognizing Palestine state
  • Remarks indicate change in UK’s stance post-Israel-Hamas war
  • Comment triggered criticism within Conservative Party
  • Downing Street claims no policy change despite debate
  • State Department reviewing options for Palestine state recognition
  • Palestine question back at center of major powers’ political discussions
  • Two-state solution seen as pathway to peace in strife-stricken West Asia
  • Britain has historical responsibility due to Balfour Declaration supporting Zionist claim to Palestine in 1917
  • Declaration boosted Zionist movement and led to creation of Israel in 1948
  • Multiple diplomatic attempts for two-state solution since Oslo process in 1990s futile due to Palestine occupation
  • Roughly 700,000 Jewish settlers in West Bank and East Jerusalem; Gaza being destroyed by Israel
  • Israeli leaders, including Benjamin Netanyahu, reject two-state solution; far-right settlers seek control of Palestinian territories
  • Current scenario unsustainable, leading to cycles of violence and instability
  • Two-state proposal already on deathbed due to settlements, violence, and rise of extremists
  • British government urged to realize historical responsibility and offer political horizon to Palestinians
Centre likely to foot bill for PM rooftop solar scheme: Page I0
  • Centre likely to cover entire cost of household rooftop solar systems for families consuming less than 300 units/month
  • Scheme estimated to cost around ₹1 lakh crore
  • Union government companies to handle implementation instead of state-run power distribution companies
  • One crore households to benefit, receiving up to 300 units of free electricity per month
  • PSU’s like NTPC to identify eligible households and install rooftop solar systems at no cost to the household
  • Centre to subsidize 60% of installation cost, PSU to take loan for remaining 40%
  • Households with consumption over 300 units can also participate, but need to fund 40% themselves
  • Each PSU to collaborate with private companies to execute the program
  • No specific budgetary allocation mentioned yet, but estimated cost at least ₹1.5 lakh crore
  • No deadline specified for the scheme, aiming for exponential expansion to reach one crore households
  • Expected increase in installation speed due to direct outreach by PSU to eligible households
India will ‘replace’ its military personnel by May I0: Maldives: Page 11
  • India to replace military personnel in the Maldives by May 10 in two phases
  • Decision made after Maldives’ demand to end presence of Indian military personnel
  • Complicated by social media controversy over remarks by three Maldivian Ministers disrespectful of PM Modi
  • Statement does not clarify if Indian military personnel will be replaced by civilians or another batch of armed forces
  • Both sides agree on solutions to enable continued operation of Indian aviation platforms providing humanitarian and medevac services to Maldives
  • Maldives confirms continued cooperation in defense and security with India
  • Development follows revised Indian Budget estimates for 2023-24, granting Maldives a bigger financial allocation

Source: The Hindu Epaper

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