CURRENT AFFAIRS 23rd Dec 2017

1 . 1241 Gram  Panchayats  adopted  under  Saansad  Adarsh  Gram Yojana  (SAGY)
  •  Members of Parliament have adopted 1241 Gram Panchayats under SAGY till recently.
  • As an initial step, the Gram Panchayats identified under SAGY conduct awareness generation and social mobilisation activities.
  • This is followed by a baseline survey and participatory formulation of a development plan for the village under the guidance of MPs.
  • The Gram Panchayats adopted under SAGY prepare Village Development Plans (VDP) containing prioritised time-bound activities to achieve holistic progress of the village, through the convergence of resources.

About Saansad  Adarsh  Gram Yojana  (SAGY)

Sansad Adarsh Gram Yojana (SAGY) is a village development project launched by Government of India on 11th October, 2014, under which each Member of Parliament will take the responsibility of developing physical and institutional infrastructure in three villages by 2019.

GOAL

The goal is to develop three Adarsh Grams by March 2019, of which one would be achieved by 2016. Thereafter, five such Adarsh Grams (one per year) will be selected and developed by 2024.

OBJECTIVES

The main objectives of SAGY are:

1 . To trigger processes which lead to holistic development of the identified Gram Panchayats
2 . To substantially improve the standard of living and quality of life of all sections of the population through-
Improved basic amenities
Higher productivity
Enhanced human development
Better livelihood opportunities
Reduced disparities
Access to rights and entitlements
Wider social mobilization
Enriched social capital
3 . To generate models of local level development and effective local governance which can motivate and inspire neighbouring Gram Panchayats to learn and adapt
4 . To nurture the identified Adarsh Grams as schools of local development to train other Gram Panchayats.

 

SAGY

IDENTIFICATION  OF  ADARSH  GRAM

A Gram Panchayat would be the basic unit. It will have a population of 3000-5000 in plain areas and 1000-3000 in hilly, tribal and difficult areas. In districts where this unit size is not available, Gram Panchayats approximating the desirable population size may be chosen.The MP would be free to identify a suitable Gram Panchayat for being developed as Adarsh Gram, other than his/her own village or that of his/her spouse.

 

2 .  bad  loan  is  eating  away  India’s  economic  growth : IMF
  • India bad loans currently have soared to whopping Rs 9.5 lakh crore.
  • It’s not just a big number, it’s a big monster that is eating away India’s economic growth.
  • IMF in a report said India’s key banks appear resilient, but the system is subject to considerable vulnerabilities.
  • The financial sector is facing considerable challenges, and economic growth has recently slowed down.
  • High non-performing assets (NPAs) and slow deleveraging and repair of corporate balance sheets are testing the resilience of the banking system, and holding back investment and growth.

COMPARISON  WITH  CHINA

Country’s bad loan story  is far worse  than China. In 2016, India’s loan defaults were at 9.2% of the total gross loans, while that of China stood at just 1.7%

India’s bad loans have soared to Rs 9.5 lakh crore and the pile-up happened because defaulters were not dealt strictly in the past. In fact, sometimes, bankers even resort to providing additional funding to defaulters to repay previous loans.

3 . India supports Palestine with key interests in mind

Just what persuaded the US to announce, on December 6, that it was recognising Jerusalem as Israel’s eternal capital is not very clear.  But it did put New Delhi in a spot of bother.

ALIENATION  OF  US

On December 19, the US vetoed a resolution in the UN Security Council calling on Trump to withdraw his recognition. All other 14 members including UK and France supported the resolution.

Then on December 21, came a stronger rebuke when the UN General Assembly passed a resolution denouncing the US move. As many as 128 countries voted for the resolution with just 9 including the US opposing and 35 abstentions. India came through, as one of those who supported the resolution.

But it may have been a near run thing. Following Trump’s announcement, there was a distinct waffle in New Delhi’s position.

INDIA’S  STAND  ON  THE  ISSUE

The present government puts much store on its relations with Israel. In his visit there earlier this year, PM pointedly refused to visit Ramallah, the capital of Palestine.

Indian interests in the Persian Gulf region are paramount. That is from where we get 70 per cent of our oil, and where 7 million of our citizens labour and send back remittances of around $35 billion per annum, three times more than the rich NRIs send from the US.

. The Abu Dhabi Investment Authority has put $ 1billion into the special HDFC affordable housing scheme, $1billion in the NIIF and $300 million in a renewable energy project, all in this year.

The stinging rebuke to the US on Jerusalem has come at a time when Washington has been criticising countries that it says do not want a “rule based international order” such as s Russia which grabbed Crimea and China which has trashed the UNCLOS. Yet, the US, which has itself not ratified the UNCLOS, has no hesitation in taking a decision which shreds the international law on Jerusalem.

LEGAL  STATUS  OF  EAST  JERUSALEM

As of today, the legal position is that East Jerusalem is part of occupied Palestinian territory. There are are seven operative UNSC resolutions condemning the attempted annexation of East Jerusalem by Israel.

The US has abstained on most of them. However they determine the legal position that the status of East Jerusalem is yet to be decided under international law.

New Delhi has done well to maintain its traditional position on the issue. Consistency may well be the virtue of an ass, but in international relations, it also provides for credibility. As the global hegemon, the US can get away with a lot, not so a poor South Asian country, no matter how big.