International groupings and agreements
India to join SCO in Astana: (The Hindu)
India says it is willing to join hands with Pakistan and China to combat terrorism.
SC to hear plea on cattle trade rules: (The Hindu)The Supreme Court on Wednesday agreed to hear a petition challenging the new notifications issued by the Centre banning sale and trade of cattle in livestock markets for the purposes of slaughter and religious animal sacrifices. Declare instant triple talaq invalid: (Editorial, The Hindu) Social boycotts and no-triple-talaq conditions in prenuptial contracts will not bring gender justice. Supreme Court sets aside order on PG medical seats in AMU, BHU: (The Hindu) Noting that the Allahabad High Court “overstepped” its jurisdiction, the Supreme Court on Wednesday set aside the High Court’s decision to remove the 50% institutional quota for admission to postgraduate medical courses in Aligarh Muslim University (AMU) and Banaras Hindu University (BHU). Effects of developed and developing countries policies India denies Iran shutting it out of gasfield development: (The Hindu) Indian officials have sought to downplay the significance of a memorandum of understanding signed between Iran and the Russian company Gazprom on the development of the Farzab B gasfield.
Trump doctrine’s first casualty: (Editorial, Indian Express)
The American president’s foray into West Asia, a fortnight ago, has emboldened Saudi Arabia, UAE, Bahrain, Egypt and Yemen to snap ties with Qatar.
Welfare schemesNew data on jobs to be ‘all inclusive’: (The Hindu) Revamped system will also cover information on govt. employment schemes.
Science and Tech
WHO revises antibiotics protocol: (The Hindu)
In an effort to curb antibiotic resistance, the World Health Organization (WHO) has divided the drugs into three categories — access, watch and reserve.
Indian Economy. Planning, Growth and EmploymentHolding the rate: (The Hindu) The RBI has rightly opined that premature action risks ‘disruptive policy reversals later’. RBI’s decision to hold interest rates reveals rift with Centre: (The Hindu) MPC declined Finance Ministry invite; CEA counters central bank’s inflation view. ‘India will remain among top 3 investment destinations till ’19’: (The Hindu) India will remain among the top three investment destinations globally till 2019, according to a survey by the United Nations Conference on Trade and Development (UNCTAD). ‘82.6% of pre-ban cash back in system’: (The Hindu) The RBI said 82.6% of currency that was in the banking system prior to demonetisation had returned to circulation. ‘GST may not raise paint prices much’: (The Hindu) The imminent roll-out of the Goods and Services Tax (GST) is unlikely to bring in either higher prices for consumers or result in any major supply disruption.
The monetary policy committee’s decision points to several indicators that are bubbling just beneath what look like benign conditions for an interest rate cut.
Prelims Related News
The neutrino opportunity: Setbacks to the Neutrino Observatory show the need to garner public support for scientific research. New species of flying squirrel discovered: Scientists have discovered a new species of flying squirrel in North America that had been hiding in plain sight for hundreds of years.