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  • Who is a Chess Grandmaster?

    India’s teenage chess grandmaster Rameshbabu Praggnanandhaa has won praise for a stunning victory over world number one Magnus Carlsen in an online championship.

    Why are we reading this?

    • UPSC had asked three questions on sports in CSP 2021. They were based on Laureus World Sports Award, Summer Olympics, and ICC World Test Championship.
    • Try to ace uncertainties. No one can memorize such facts.

    Grandmaster: Behind the Title

    • Grandmaster is the highest title or ranking that a chess player can achieve.
    • The Grandmaster title — and other chess titles — is awarded by the International Chess Federation, FIDE (acronym for its French name Fédération Internationale des Échecs).
    • It is the Lausanne-Switzerland-based governing body of the international game.
    • The title is the badge of the game’s super elite, a recognition of the greatest chess talent on the planet, which has been tested and proven against a peer group of other similarly talented players.

    Other (lesser) titles

    Besides Grandmaster, the Qualification Commission of FIDE recognises and awards seven other titles:

    1. International Master (IM)
    2. FIDE Master (FM)
    3. Candidate Master (CM)
    4. Woman Grandmaster (WGM), Woman International Master (WIM), Woman FIDE Master (WFM), and Woman Candidate Master (WCM) and so on .

    Titles are for life

    • All the titles, including that of Grandmaster, are valid for life, unless a player is stripped of the title for a proven offence such as cheating.

    Qualifications for Grandmaster

    • The qualifications for Grandmaster were changed several times, including in 1957, 1965, and 1970.
    • Currently, FIDE awards chess’s highest honour to a player who is able to achieve a FIDE Classical or Standard rating of 2,500, plus three Grandmaster norms.
    • Grandmaster norms are defined by a set of complex and rigorous rules regarding tournaments, games, and players, that are set out in the FIDE Title Regulations.
    • The current regulations were approved by the FIDE Council on October 27, 2021, and came into effect on January 1, 2022.
    • Each norm is very difficult to attain.
    • Broadly, a player must have a performance rating of 2,600 or higher in a FIDE tournament that has nine rounds.

    Who holds maximum titles?

    • FIDE has so far recognized fewer than 2,000 Grandmasters out of the millions who play the game around the world.
    • A vast majority of Grandmasters have been male. Russia (and the erstwhile USSR) has produced the most Grandmasters in the world, followed by the United States and Germany.

    Grandmasters in India

    • India became a chess powerhouse in the 2000s, and now has more than 70 Grandmasters.
    • In 2016, Praggnanandhaa had become the world’s youngest IM at age 10 years, 10 months, and 19 days.

    Try this question from CSP 2021:

    Q. Consider the following statements in respect of the Laureus World Sports Award which was instituted in the year 2000:

    1. American golfer Tiger Woods was the first winner of this award.
    2. The award was received mostly by ‘Formula One’ players so far.
    3. Roger Federer received this award maximum number of times compared to others.

    Which of the above statements are correct?

    (a) 1 and 2 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

     

    Post your answers here.

     

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  • Registrations Closing Soon, Free Live Webinar  @ 8PM, ||Learn the ART OF TIKDAM TECHNIQUE || Secret of scoring 125+ in Prelims 2022  || By Mentor RAVI SIR || Free Session with Q&A || Register here

    Registrations Closing Soon, Free Live Webinar @ 8PM, ||Learn the ART OF TIKDAM TECHNIQUE || Secret of scoring 125+ in Prelims 2022 || By Mentor RAVI SIR || Free Session with Q&A || Register here

    Knowledge alone is not enough to clear UPSC Prelims. Elimination techniques alone are not enough to crack this exam. One needs both to clear UPSC Prelims from 2014 onwards. Since UPSC Prelims is the toughest exam out of Interview and Mains with over 9.5 lakh aspirants getting disqualified, it’s always better to think about increasing 20-30 marks with your existing knowledge using elimination techniques. 

    Why is that with the same syllabus, the same study materials and similar syllabus and similar study materials, most candidates score differently? For some, just a reading of the Spectrum book is enough to answer all the Modern History questions, but for others despite reading the same book they are still confused on the D Day.

    If it’s about prelims exam performance, then aspirants fall into either of these four categories. Which category are you in currently?

    1) Prelims score 0-40: They need to work on improving their knowledge and learn answering tricks
    2) Prelims score 50-70: They have decent knowledge and decent answering tricks.
    3) Prelims score 80-100: They have good knowledge but they need to develop answering tricks.
    4) Prelims score 120+: They have excellent knowledge and know all the answering tricks.

    IMPORTANCE OF ELIMINATION TECHNIQUE

    UPSC 2020 AIR 30 Topper & Civilsdaily Student Divyanshu Chaudhary says how elimination techniques are useful for UPSC Prelims

    So, what to do?
    Clearing Prelims is all about Knowledge + Answering Tricks (Tikdams). And while you are studying hard to improve your knowledge, Ravi sir will help you improve your answering techniques, for absolutely FREE!

    Let’s look at a few examples. Ravi sir will explain how you can answer these questions with smart techniques, even if you DON’T know the answer.

    A) With reference to ‘fuel cells’ in which hydrogen-rich fuel and oxygen are used to generate electricity, consider the following statements :(UPSC 2016)

    1. If pure hydrogen is used as a fuel, the fuel cell emits heat and water as by-products.
    2. Fuel cells can be used for powering buildings and not for small devices like laptop computers.
    3. Fuel cells produce electricity in the form of Alternating Current (AC).

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

    B) In India, under cyber insurances for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits? (UPSC 2020)

    1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer.

    2. Cost of a new computer if some miscreant willfully damages it, if proved so.

    3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion.

    4. Cost of defense in the court of law if any third party files a suit.

    Select the correct answer using the code given below:

    (a) 1, 2, and 4 only

    (b) 1,3 and 4 only

    (c) 2 and 3 only

    C) Regarding the taxation system of Krishna Deva, the ruler of Vijayanagar, consider the following statements: (UPSC 2015)

    1. The tax rate on land was fixed depending on the quality of the land.
    2. Private owners of workshops paid an industries tax.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

    You can solve these questions with the help of techniques that Ravi sir will teach you in the webinar.

    Key Takeaways of Free Live Webinar by Ravi Sir

    This is your opportunity to learn the tricks that can help you score 120+ in your Prelims. Join Ravi sir for a free webinar and this is what you can learn:

    1. 10 Different types of elimination/intelligent guess techniques for hard to verify facts through solving previous year UPSC questions.

    2. How to master the Elimination techniques, used by toppers.

    3. Ideal strategy for the Last 120 days for UPSC prelims 2022.

    4. Which are the tricky topics in the syllabus where one can use elimination techniques? Like for example information technology is a perfect topic where tricky questions can come from. 

    6.Open Q&A session with Ravi sir

    There are limited slots available so we request you to enroll now!

    Date: 24/2/2022

    Time: 8:00 P.M.

  • [pib] Quantum Key Distribution

    A joint team of scientists from DRDO and IIT Delhi, for the first time in the country successfully demonstrated Quantum Key Distribution (QKD) link between Prayagraj and Vindhyachal in Uttar Pradesh, a distance of more than 100 kilometers.

    What is QKD Technology?

    • Quantum key distribution (QKD) is a secure communication method that implements a cryptographic protocol involving components of quantum mechanics.
    • It enables two parties to produce a shared random secret key known only to them, which can then be used to encrypt and decrypt messages.
    • It gives the ability of the two communicating users to detect the presence of any third party trying to gain knowledge of the key.
    • This is a result of a fundamental aspect of quantum mechanics: the process of measuring a quantum system, in general, disturbs the system.
    • By using quantum superposition or quantum entanglement and transmitting information in quantum states, a communication system can be implemented that detects data leak.

    How does it work?

    • QKD works by transmitting many light particles, or photons, over fiber optic cables between parties.
    • Each photon has a random quantum state, and collectively, the photons sent make up a stream of ones and zeros.
    • This stream of quantum states that make up ones and zeros are called qubits — the equivalent of bits in a binary system.
    • When a photon reaches its receiving end, it will travel through a beam splitter, which forces the photon to randomly take one path or another into a photon collector.
    • The receiver will then respond to the original sender with data regarding the sequence of the photons sent, and the sender will then compare that with the emitter, which would have sent each photon.

    Benefits offered

    • It allows the detection of data leak or hacking because it can detect any such attempt.
    • It also allows the process of setting the error level between the intercepted data in dependence.

     

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  • India risks being left out of TRIPS waiver

    Context

    When the Covid-19 pandemic pounded the globe, India, with South Africa, piloted a proposal to waive key provisions of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement on Covid-19 vaccines.

    Significance of TRIPS waiver for Covid-19 related  medical products

    • The TRIPS agreement is part of the international legal order on trade enshrined in the World Trade Organization (WTO).
    •  The core idea behind the proposal is that intellectual property (IP) rights such as patents should not become a barrier in scaling up the production of medical products like vaccines, diagnostics and therapeutics essential to combat Covid-19.
    •  However, the WTO has failed to adopt a TRIPS waiver to date.
    • Geographically limited waiver: The developed world is talking of a TRIPS waiver that would be geographically limited and exclude India.
    • This is a failure of India’s economic diplomacy.
    • There are also attempts at limiting the waiver to vaccines alone, leaving out diagnostics and therapeutics.

    Domestic factors that affected India’s global campaign for TRIPS waiver

    1] India failed to use provisions under Indian Patent Act

    • During the entire pandemic, India rarely made use of the existing flexibilities under the Indian Patent Act, such as compulsory licences (CL), which are consistent with the TRIPS agreement, to increase the supply of Covid-19 medical products despite being nudged by the judiciary to do so.
    • On the contrary, during the peak of the second Covid wave, the central government filed an affidavit in the Supreme Court stating that the main constraint in boosting the production of key drugs is the unavailability of raw materials, not IP-related legal hurdles.
    • .This stand completely contradicted India’s argument internationally that views IP as an obstacle to augmenting the supply of Covid-19 medical products.

    2] Lack of national strategy

    • India did not proactively develop a national strategy to implement the TRIPS waiver as and when it is adopted.
    • In other words, a TRIPS waiver at the WTO would only be an enabling framework.
    • It would then require member countries to amend their domestic IP laws to implement the waiver.

    3] Failure to involve Indian pharma industry

    • The government failed to get the Indian pharmaceutical industry on board.
    • Pharmaceutical bodies are a divided lot with many Indian companies speaking against the waiver, thus denting India’s global campaign.

    4] Failure to walk the talk on indigenously developed Covaxin

    • India should have unlocked the technical know-how of Covaxin to the world.
    • While technology transfer agreements for Covaxin have been inked with domestic companies, making the vaccine technology available to anyone interested globally, at a minimal price.
    • This would have exhibited India’s resolve to walk the talk on the TRIPS waiver.

    Conclusion

    While India would oppose the attempted exclusion, the lesson is that for economic diplomacy to flourish, it should be backed by concrete actions on the domestic front.

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  • Why Wait Till June For UPSC 2023 Batches When you Can Get Them Now?||UPSC 2023 Foundation Course & Ultimate Assessment Program For Prelims  & Mains || For Beginners & Working Junta|| Prelims-Mains Integrated Test Series, Foundational Classes, Essay Writing Program and Current Affairs|| In Both Online/Offline Modes – Fill the Form To Register Now

    Why Wait Till June For UPSC 2023 Batches When you Can Get Them Now?||UPSC 2023 Foundation Course & Ultimate Assessment Program For Prelims & Mains || For Beginners & Working Junta|| Prelims-Mains Integrated Test Series, Foundational Classes, Essay Writing Program and Current Affairs|| In Both Online/Offline Modes – Fill the Form To Register Now

    Everything that is important. Nothing that is not.


    In 2020-21, we connected with over 9,000+ IAS aspirants via our
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    With an average call time of ~40 minutes, we spent ~3.84 lakh minutes (~6,500 hours) in understanding you and your preparation strategies.

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    You have doubts. Lots of them. Almost on a daily basis. 70% of them are academic, 20% are strategy related and 10% about life and thereabouts.

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  • Untangling Kerala’s Lokayukta controversy

    Context

    The controversy surrounding the amendment to the Lokayukta Act of Kerala — effected through an ordinance —has raised the political temperature in the State.

    The background of the Lokayukta

    • The term Lokpal was first used in a report of the Administrative Reforms Commission headed by Morarji Desai as far back as in 1966.
    • The first Bill on Lokpal was introduced in the Lok Sabha in 1968 which lapsed with the dissolution of the House.
    • Finally, after 45 years the Lokpal and Lokayuktas Bill was passed by Parliament in 2013.
    • The Lokpal and Lokayukta Act delegates the power to States to establish by law the Lokayukta to deal with complaints relating to corruption against public functionaries.
    • The Lokpal has jurisdiction to inquire into allegations of corruption against the Prime Minister, Ministers, Members of Parliament, Group A, B, C and D officers and officials of the central government.
    • After the conclusion of the investigation, the Lokpal may file a case in the special court in case the findings disclose the commission of offence under the Prevention of Corruption Act by the Prime Minister, Ministers or Members of Parliament.
    • Some States already have established Lokayuktas. For example, Maharashtra in 1971, and Kerala in 1999.

    How Lokpal is different from other investigative bodies

    • The Lokpal is no ordinary investigative body.
    • Connection with judiciary: It is headed by the incumbent Chief Justice of of India or a retired judge.
    • It has eight members, four of whom are judicial members.
    • The Lokpal has an inquiry wing and a prosecution wing to deal with investigation and prosecution, respectively.
    • The director of prosecution files the case in the special court based on the findings of the Lokpal.

    Issue in Kerala

    • In order to get a clearer perspective on the Kerala Lokayukta controversy, it is necessary to understand the scheme of the Lokpal and Lokayuktas Act enacted by Parliament.
    • The long title of the Act says: “An Act to provide for the establishment of a body of Lokpal for the Union and Lokayukta for States to inquire into allegations of corruption against certain public functionaries….”
    • Investigative body: Thus, the Lokpal is conceived of as a body which will inquire into allegations of corruption.
    •  Section 14 of the Lokayukta Act in Kerala which has now been amended said that if  the Lokayukta is satisfied on the complaint against the public servant being substantiated that he should not continue to hold the post held by him.
    • In other words, if the public servant is the Chief Minister or a Minister, he shall forthwith resign his office.
    • It may be noted here that such a provision does not exist in any of the State laws or the Lokpal Act of the Centre.
    •  An investigative body does not have the legal authority to direct the public servant to resign his post on the basis of its findings.
    • The Chief Minister or a Minister holds office during the pleasure of the Governor (Article 164).
    • The Constitution of India does not contemplate any external pressure on the Governor to withdraw his pleasure.
    • The Sarkaria Commission had suggested that the Governor can dismiss a Chief Minister only when he loses his majority in the Assembly and refuses to step down.
    • The Supreme Court has accepted this recommendation of the Sarkaria Commission.
    • No agency created by a law made by the Assembly, particularly an investigative body, can declare that its decision be carried out by the Governor.
    • It would amount to a violation of the Constitution.
    • State law includes the office bearers of political parties within its definition of ‘public servant’. 
    • The Lokayukta law was enacted to inquire into cases of corruption of public functionaries such as Ministers, legislators, etc. who are covered by the Prevention of Corruption Act.
    • This Act does not include office-bearers of political parties in its definition clause.
    • Another problematic provision in this law is the one which deals with the reports of Lokayukta (Section 12).
    • It says that the Lokayukta shall, on the allegation of corruption being substantiated, send the findings along with recommendation of action to the competent authority who is required to take action as recommended by the Lokayukta.
    • It further says that if the Lokayukta is satisfied by the action taken by the competent authority, he shall close the case.
    • There is no provision in the central law under which the Lokpal can close the case before it reaches the court.
    • The Lokayukta not being a court does not have the legal capacity to close the corruption case under any circumstances.

    Conclusion

    The Kerala Lokayukta Act should be re-examined by a committee of the Assembly and should be brought on a par with the Lokpal Act. A legislation which seeks to punish corrupt public functionaries should be placed above controversies.

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  • 23rd February 2022| Daily Answer Writing Enhancement(AWE)

    Topics for Today’s questions:

    GS-1     Indian culture will cover the salient aspects of Art Forms, literature and Architecture from ancient to modern times.

    GS-2     Bilateral, regional and global groupings and agreements involving India and/or affecting  India’s interests.

    GS-3    Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.

    GS-4    Probity in Governance: Concept of public service; Philosophical basis of governance and probity; Information sharing and transparency in government

    Question 1)

     

    Q.1 Cave paintings in India have a long tradition with both religious as well as secular attributes. Elucidate. (10 Marks)

     

    Question 2)

    Q.2 What makes Myanmar significant for India? What should be India’s approach towards the situation in Myanmar? (10 Marks)

    Question 3)

    Q.3 Where does India stands in terms of spending on R&D? Why spending on R&D is important? Suggest the measures to increase it. (10 Marks)

    Question 4)  

    Q.4 The right to information (RTI) and the right to privacy (RTP) complement each other in holding the government accountable to the people, however, in cases of conflict, they can be reconciled keeping public interest in mind. Discuss. (10 Marks)

     

    HOW TO ATTEMPT ANSWERS IN DAILY ANSWER WRITING ENHANCEMENT(AWE)?

    1. Daily 4 questions from General studies 1, 2, 3, and 4 will be provided to you.

    2. A Mentor’s Comment will be available for all answers. This can be used as a guidance tool but we encourage you to write original answers.

    3. You can write your answer on an A4 sheet and scan/click pictures of the same.

    4.  Upload the scanned answer in the comment section of the same question.

    5. Along with the scanned answer, please share your Razor payment ID, so that paid members are given priority.

    6. If you upload the answer on the same day like the answer of 11th  February is uploaded on 11th February then your answer will be checked within 72 hours. Also, reviews will be in the order of submission- First come first serve basis

    7. If you are writing answers late, for example, 11th February is uploaded on 13th February , then these answers will be evaluated as per the mentor’s schedule.

    8. We encourage you to write answers on the same day. However, if you are uploading an answer late then tag the mentor like @Staff so that the mentor is notified about your answer.

    *In case your answer is not reviewed, reply to your answer saying *NOT CHECKED*. 

    For the philosophy of AWE and payment: 

  • Q.4 The right to information (RTI) and the right to privacy (RTP) complement each other in holding the government accountable to the people, however, in cases of conflict, they can be reconciled keeping public interest in mind. Discuss. (10 Marks)

    Mentor’s Comments-

    • Briefly introduce the right to information and the right to privacy.
    • Discuss how they complement each other.
    • Bring out the inherent conflicts between the right to information and the right to privacy.
    • Conclude accordingly.
  • Q.3 Where does India stands in terms of spending on R&D? Why spending on R&D is important? Suggest the measures to increase it. (10 Marks)

    Mentor’s comment-
  • Q.2 What makes Myanmar significant for India? What should be India’s approach towards the situation in Myanmar? (10 Marks)

    Mentor’s comment-
    • https://indianexpress.com/article/opinion/columns/myanmar-military-tookover-government-a-year-ago-7775644/
    • In the intro, mention coup by the military in Myanmar.
    • In the body, mention India’s balance towards the situation in Myanmar.
    • Next, mention declining popular support to military regime, insurgency at India-Myanmar border, China’s influence etc. In India’s approach mention need to recognise declining support for Army, focusing on relations with PDFs.
    • Conclude by mentioning the need to support stability in Myanmar.
  • Q.1 Cave paintings in India have a long tradition with both religious as well as secular attributes. Elucidate. (10 Marks)

    Mentor’s Comments-

    • Giving a brief introduction about the cave paintings.
    • With the help of examples, elucidate how cave paintings in India have a long tradition with both religious and secular attributes.
    • Conclude accordingly.
  • Russia-China Axis

    Russian President Vladimir Putin’s visit to China this month, as well as the Ukraine crisis, have turned the spotlight on Russia’s relations with China.

    News: China-factor in Ukraine Crisis

    • Many in the west have blamed the Russia-China axis for motivating Moscow’s recent moves and ensuring it will not be completely isolated in the face of western sanctions.
    • At the same time, Beijing has found itself walking a tightrope in its response and has so far stopped short of endorsing Russia’s actions.

    Russia-China Relations: A backgrounder

    • Relations between China and the former Soviet Union were frosty, marked by mistrust and doctrinal differences for most of the Cold War decades.
    • The change came in 1989, when Mikhail Gorbachev became the first Soviet leader to land in Beijing since Nikita Khrushchev in 1958.
    1. Economic dependency: A decade after the Soviet Union broke up, disappointed and humiliated and deep in economic crisis, Russia under Putin’s first presidency turned to China under President Jiang Zemin.
    2. Neighborhood: In 2001, the two countries signed the Treaty of Good-Neighbourliness and Friendly Cooperation, paving the way for expanding economic and trade ties.
    3. Technological support: For the new People’s Republic of China, the Soviet Union was the most important source of financial and technological support.
    4. Respect for sovereignty: Russia’s backing for China’s position on Taiwan is also a benchmark.

    Current state of ties

    • Last year, Russia’s Foreign Minister has described relations as the “best in their entire history”. Both premiers have met 38 times (in person and virtually) since 2013.
    • The biggest factor behind their current closeness is:
    1. Shared discomfort with the US and its allies
    2. NATO and its ideological cold war approaches
    3. Indo-Pacific strategy and QUAD
    4. One-China Principle

    Military closeness

    • China in 2014 became the first foreign buyer of the S-400 missile defence system, which India has also purchased (although there have been reported delays in delivery for reasons unknown).
    • Their joint exercises have also grown in scope.
    • Last year, a third “joint strategic air patrol” was held over the East China Sea.

    Trade and Commerce

    • Russia is China’s largest source of energy imports and second largest source of crude oil.
    • Energy set to account for 35% of trade in 2022.
    • China has been Russia’s biggest trading partner for 12 consecutive years and accounts for close to 20% of Russia’s total foreign trade (Russia, on the other hand, accounts for 2% of China’s trade).
    • But Russia is, for China, a key market for project contracts besides energy supplies.
    • Chinese companies signed construction project deals worth $5 billion last year — for the third straight year.

    Chinese response to the Ukraine Crisis

    • Given these deep trade linkages, China does not want instability (or, for that matter, a spurt in energy prices).
    • China has iterated that the sovereignty, independence and territorial integrity of all countries should be respected and safeguarded.
    • China has preferred resolution to the current crisis through diplomacy and a return to the Minsk Agreement.
    Minsk Agreement: They were a series of international agreements which sought to end the war in the Donbas region of Ukraine.

    Implications for the world

    • China has repeatedly underlined that it is sympathetic to Russia’s concerns on NATO, which mirror its own opposition to America’s allies in the Indo-Pacific.
    • As strategic back-to-back fraternal partners, China is obliged to bolster Russia in time of need.
    • With consistent support from China, the Russian economy has become increasingly resilient following years of sanctions imposed by the US and other Western developed countries.
    • A strong economy will back up Moscow to deflect ruthless economic coercion from the US.

    Implications for India

    • Strategists in the west and in India have often questioned the robustness of the relationship as well as Russia’s possible unease at being the “junior partner” and increasingly beholden to Chinese interests.
    • The Russian President’s invite to Pak PM Imran Khan is the recent unwelcomed moved for India.
    • In this regard, New Delhi expects Sino-Russian closeness to continue, which poses its own challenges.
    • This is not, however, an entirely new situation, as history reminds us, on how the Soviet Union responded to China’s attack on India in 1962.

    Conclusion

    • It is no doubt that India would restrict its foreign policy choices and undermine its own status as a rising power of global standing by taking sides in a conflict that has nothing to do with it.

     

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  • IT Ministry pitches for Data Monetization Policy

    The Ministry of Electronics and Information Technology’s proposal to monetise data collected at the central level has data policy and other experts divided.

    Backgrounder to this policy

    • The idea of monetising citizens’ data for greater public good was first floated by the government in the Economic Survey of 2018-19.
    • It had noted that since such data is generated and belongs to the people, it should be used for the people.
    • The survey had also noted that private sector could be granted access to “select databases” for commercial use.

    India Data Accessibility and Use Policy, 2022

    Key Propositions:

    • Sale of Public Data: The data, which has been collected by the central government and undergone some value addition be allowed to be sold for some price.
    • Identifying value data: The draft of the policy suggests new framework for identifying “high value data-set” on the basis of the data’s degree of importance in the market.
    • Establishment of India Data Office: The draft has also suggested setting up of a central India Data Office will be created under MeitY.
    1. Chief Data Officer: All the central government’s line ministries will have to form their respective Data Management Unit, which will be headed by a Chief Data Officer.
    2. India Data Council: These chief data officers along with the India Data Officer will together form the IDC, which will decide on the policy matters of data accessibility and its usage.
    • Data sharing toolkit: It will be the broad umbrella to help respective central or state government ministries and departments “assess and optimally manage” the risks associated with the release and sharing of such data.

    Significance of the move

    • Non-personal data as national resource: The thought process to consider non personal data as community or national resource, in itself is commendable.
    • Revenue generation: The core problem with the government selling citizens’ data is the revenue generation.
    • Boosting investments: The new policy will encourage data sharing among government departments and potentially help the investor ecosystem.

    Issues flagged with the Policy

    • Individual privacy: Data monetization may happen at cost of individual privacy. The most sought-after datasets are those that contain sensitive personal data of individuals, ex. medical history, financial data.
    • Absence of Data Protection Law: The new draft policy has been announced at a time when the country is yet to finalise the countours of a data protection law.
    • State interference: The policy could also face pushback from big tech companies whose business model is based on the monetisation of large-scale data collection model.
    • Political risks: When the govt starts selling citizen data, even if anonymised, the government gets into business its making money.
    • Un-regulation: Once the govt starts making money, its very hard to reduce that activity or to regulate it in a manner where it is impartial to the public.
    • Anonymisation of data: There is a lack of proper standard and framework on data anonymisation leading to a possible that such data may be “reverse-engineered”.

    Way forward

    • This policy is a good intent in which the government can monetise the wide range of data it currently holds.
    • However it remains to be seen how the pricing mechanism would work.
    • It is important to understand that datasets cannot be priced uniformly, and the value of a particular dataset varies depending on the context in which it is solved.

     

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  • Learn the ART OF TIKDAM TECHNIQUE || Secret of scoring 125+ in Prelims 2022  || By Mentor RAVI SIR || Free Session with Q&A || Register here

    Learn the ART OF TIKDAM TECHNIQUE || Secret of scoring 125+ in Prelims 2022 || By Mentor RAVI SIR || Free Session with Q&A || Register here

    Knowledge alone is not enough to clear UPSC Prelims. Elimination techniques alone are not enough to crack this exam. One needs both to clear UPSC Prelims from 2014 onwards. Since UPSC Prelims is the toughest exam out of Interview and Mains with over 9.5 lakh aspirants getting disqualified, it’s always better to think about increasing 20-30 marks with your existing knowledge using elimination techniques. 

    Why is that with the same syllabus, the same study materials and similar syllabus and similar study materials, most candidates score differently? For some, just a reading of the Spectrum book is enough to answer all the Modern History questions, but for others despite reading the same book they are still confused on the D Day.

    If it’s about prelims exam performance, then aspirants fall into either of these four categories. Which category are you in currently?

    1) Prelims score 0-40: They need to work on improving their knowledge and learn answering tricks
    2) Prelims score 50-70: They have decent knowledge and decent answering tricks.
    3) Prelims score 80-100: They have good knowledge but they need to develop answering tricks.
    4) Prelims score 120+: They have excellent knowledge and know all the answering tricks.

    IMPORTANCE OF ELIMINATION TECHNIQUE

    UPSC 2020 AIR 30 Topper & Civilsdaily Student Divyanshu Chaudhary says how elimination techniques are useful for UPSC Prelims

    So, what to do?
    Clearing Prelims is all about Knowledge + Answering Tricks (Tikdams). And while you are studying hard to improve your knowledge, Ravi sir will help you improve your answering techniques, for absolutely FREE!

    Let’s look at a few examples. Ravi sir will explain how you can answer these questions with smart techniques, even if you DON’T know the answer.

    A) With reference to ‘fuel cells’ in which hydrogen-rich fuel and oxygen are used to generate electricity, consider the following statements :(UPSC 2016)

    1. If pure hydrogen is used as a fuel, the fuel cell emits heat and water as by-products.
    2. Fuel cells can be used for powering buildings and not for small devices like laptop computers.
    3. Fuel cells produce electricity in the form of Alternating Current (AC).

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 and 3 only

    (c) 1 and 3 only

    (d) 1, 2 and 3

    B) In India, under cyber insurances for individuals, which of the following benefits are generally covered, in addition to payment for the loss of funds and other benefits? (UPSC 2020)

    1. Cost of restoration of the computer system in case of malware disrupting access to one’s computer.

    2. Cost of a new computer if some miscreant willfully damages it, if proved so.

    3. Cost of hiring a specialized consultant to minimize the loss in case of cyber extortion.

    4. Cost of defense in the court of law if any third party files a suit.

    Select the correct answer using the code given below:

    (a) 1, 2, and 4 only

    (b) 1,3 and 4 only

    (c) 2 and 3 only

    C) Regarding the taxation system of Krishna Deva, the ruler of Vijayanagar, consider the following statements: (UPSC 2015)

    1. The tax rate on land was fixed depending on the quality of the land.
    2. Private owners of workshops paid an industries tax.

    Which of the statements given above is/are correct?

    (a) 1 only

    (b) 2 only

    (c) Both 1 and 2

    (d) Neither 1 nor 2

    You can solve these questions with the help of techniques that Ravi sir will teach you in the webinar.

    Key Takeaways of Free Live Webinar by Ravi Sir

    This is your opportunity to learn the tricks that can help you score 120+ in your Prelims. Join Ravi sir for a free webinar and this is what you can learn:

    1. 10 Different types of elimination/intelligent guess techniques for hard to verify facts through solving previous year UPSC questions.

    2. How to master the Elimination techniques, used by toppers.

    3. Ideal strategy for the Last 120 days for UPSC prelims 2022.

    4. Which are the tricky topics in the syllabus where one can use elimination techniques? Like for example information technology is a perfect topic where tricky questions can come from. 

    6.Open Q&A session with Ravi sir

    There are limited slots available so we request you to enroll now!

    Date: 24/2/2022

    Time: 7:00 P.M.

  • Panel on AFSPA removal misses ‘45-day’ deadline

    A committee constituted by the Union Home Ministry to study the withdrawal of the Armed Forces (Special Powers) Act, or AFSPA, from Nagaland, slated to submit a report within 45 days is yet to conclude its findings.

    AFSPA: A Backgrounder

    • The AFSPA, 1958 came into force in the context of insurgency in the North-eastern States decades ago.
    • It provides “special power” to the Armed Forces applies to the Army, the Air Force and the Central Paramilitary forces etc.
    • It has been long contested debate whether the “special powers” granted under AFSPA gives total immunity to the armed forces for any action taken by them.

    Armed Forces (Special Powers) Act, 1958

    • Armed Forces Special Powers Act, to put it simply, gives armed forces the power to maintain public order in “disturbed areas.”
    • AFSPA gives armed forces the authority use force or even open fire after giving due warning if they feel a person is in contravention of the law.
    • The Act further provides that if “reasonable suspicion exists”, the armed forces can also arrest a person without warrant; enter or search premises without a warrant; and ban the possession of firearms.

    What are the Special Powers?

    The ‘special powers’ which are spelt out under Section 4 provide that:

    (a) Power to use force, including opening fire, even to the extent of causing death if prohibitory orders banning assembly of five or more persons or carrying arms and weapons, etc are in force in the disturbed area;

    (b) Power to destroy structures used as hide-outs, training camps, or as a place from which attacks are or likely to be launched, etc;

    (c) Power to arrest without warrant and to use force for the purpose;

    (d) Power to enter and search premises without a warrant to make arrest or recovery of hostages, arms and ammunition and stolen property etc.

    What are the Disturbed Areas?

    • A disturbed area is one that is declared by notification under Section 3 of the AFSPA.
    • As per Section 3, it can be invoked in places where “the use of armed forces in aid of the civil power is necessary”.

    Who can declare/notify such areas?

    • The Central Government or the Governor of the State or administrator of the Union Territory can declare the whole or part of the State or Union Territory as a disturbed area.
    • A suitable notification would have to be made in the Official Gazette.

    Presently ‘Disturbed Areas’

    • AFSPA is currently in force in Assam, Nagaland, Manipur, 3 districts of Arunachal Pradesh, and areas falling within the jurisdiction of 8 police stations in Arunachal Pradesh bordering Assam.
    • In Jammu and Kashmir, a separate law Armed Forces (Jammu and Kashmir) Special Powers Act, 1990 has been in force.

     Is it a License to Kill?

    While the operation of the Section has been controversial in itself, it has attracted much criticism when actions have resulted in the death of civilians.

    • Power to kill: Section 4 of the Act granted officers the authority to “take any action” even to the extent to cause the death.
    • Protection against prosecution: This power is further bolstered by Section 6 which provides that legal can be instituted against the officer, except with the previous sanction of the Central Government.

    Supreme Court’s Observations over AFSPA

    • These extra-judicial killings became the attention of the Supreme Court in 2016.
    • It clarified that the bar under Section 6 would not grant “total immunity” to the officers against any probe into their alleged excesses.
    • The judgment noted that if any death was unjustified, there is no blanket immunity available to the perpetrator(s) of the offense.
    • The Court further noted that if an offense is committed even by Army personnel, there is no concept of absolute immunity from trial by the criminal court constituted under the CrPC.

    Constitutionality of AFSPA

    • Attempts have been made to examine the constitutionality of the Act on the grounds that it is contravention to the:
    1. Right to Life and Personal Liberty (Article 21) and
    2. Federal structure of the Constitution since law and order is a State subject

    Recommendations to repeal AFSPA

    (1) Justice B.P. Jeevan Reddy Commission

    • The 2004 Committee headed by Justice B.P. Jeevan Reddy, the content of which has never officially been revealed by the Government, recommended that AFSPA be repealed.
    • Additionally, it recommended that appropriate provisions be inserted in the Unlawful Activities Prevention Act, 1967 (UAPA) instead.
    • It also recommended that the UAPA be modified to clearly specify the powers of the armed forces and paramilitary forces and grievance cells should be set up in each district where the armed forces are deployed.

    (2) ARC II

    • The Administrative Reforms Commission in its 5th Report on ‘Public Order’ had also recommended that AFSPA be repealed.
    • It recommended adding a new chapter to be added to the Unlawful Activities Prevention Act, 1967.
    • However, the recommendation was considered first and then rejected.

    Controversies with AFSPA

    (1) Sexual Misconduct by Armed Forces

    • The issue of violation of human rights by actions of armed forces came under the consideration of the Committee on Amendments to Criminal Law (popularly known as Justice Verma Committee) set up in 2012.
    • It observed that- in conflict zones, legal protection for women was neglected.

    (2) Autocracy

    • The reality is that there is no evidence of any action being taken against any officer of the armed forces or paramilitary forces for their excesses.

    Caution given by the Supreme Court

    A July 2016 judgment authored by Justice Madan B. Lokur in Extra Judicial Execution Victim Families Association quoted the “Ten Commandments” issued by the Chief of the Army Staff for operations in disturbed areas:

    1. Definite circumstances: The “power to cause death is relatable to maintenance of public order in a disturbed area and is to be exercised under definite circumstances”.
    2. Declaration preconditions: These preconditions include a declaration by a high-level authority that an area is “disturbed”.
    3. Due warning: The officer concerned decides to use deadly force on the opinion that it is “necessary” to maintain public order. But he has to give “due warning” first.
    4. No arbitrary action: The persons against whom the action was taken by the armed forces should have been “acting in contravention of any law or order for the time being in force in the disturbed area”.
    5. Minimal use of force: The armed forces must use only the “minimal force required for effective action against the person/persons acting in contravention of the prohibitory order.”
    6. Empathy with perpetrators: The court said that: the people you are dealing with are your own countrymen. All your conduct must be dictated by this one significant consideration.
    7. People friendliness: The court underscored how the Commandments insist that “operations must be people-friendly, using minimum force and avoiding collateral damage – restrain must be the key”.
    8. Good intelligence: It added that “good intelligence is the key to success”.
    9. Compassion: It exhorted personnel to “be compassionate, help the people and win their hearts and minds. Employ all resources under your command to improve their living conditions”.
    10. Upholding Dharma (Duty): The judgment ended with the final Commandment to “uphold Dharma and take pride in your country and the Army”.

    Conclusion

    • Despite demands by civil society groups and human rights activities, none of the recommendations have not been implemented to date.

     

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  • What are Swiss Banks?

    A whistleblower has leaked information on more than $100 billion held in 30,000 accounts of Zurich-headquartered Credit Suisse, one of the world’s most infamous banks which hold black money.

    What is the news?

    • The investigation refocused attention on Swiss banks and their famous, century-old culture of secrecy.
    • This swiss tradition is under pressure as countries around the world try to get their super-rich to pay legitimate taxes on their wealth.

    Swiss Banks: Defined by Secrecy

    • Since at least the beginning of the 18th century, Geneva had become a favoured destination of French royalty and other European elites seeking discreet havens to stash their wealth.
    • In 1713, Swiss government authorities announced laws prohibiting bankers from giving out information about their customers.
    • Thus began a powerful culture of silence and secrecy that went on to become the defining feature of Swiss banking.
    • In 1934, Switzerland passed the Federal Act on Banks and Savings Banks, commonly known as the Banking Law of 1934 or the Swiss Banking Act.

    What’s behind this upmost secrecy?

    • Article 47 made it a crime to reveal details or information of customers to almost anyone — including the government — without their consent and in the absence of a criminal complaint.
    • Violators can get five years in prison; Article 47 lies at the heart of some of the most stringent banking secrecy laws anywhere.

    Why are they favourite destination to park black money?

    • As wealth became easily mobile across international borders, the safety and stability of Swiss banks, located in a peaceful country presented an irresistible attraction for the super-rich.
    • Switzerland itself is a politically neutral country.
    • Swiss bank accounts are attractive to depositors because they combine low levels of risk with very high levels of privacy.
    • The Swiss economy is extremely stable, and the banks are run at very high levels of professionalism.
    • Almost any adult in the world can open an account in a Swiss bank. Opening an account is not difficult, and requires not much more than basic KYC, including a proof of identity such as a passport.

    Question of ‘black money’

    • “Black money” allegedly stashed away by Indians in Swiss banks is a political issue in India, and parties and political functionaries have often made promises to “bring it back”.
    • Swiss authorities have maintained that they cooperate with the Indian government to fight tax evasion and fraud.

    Indian motives and moves

    • The two countries have had a system of automatic exchange of information in tax matters since 2018.
    • Under this, detailed financial information on all Indian residents with accounts in Swiss financial institutions was provided for the first time to Indian authorities in September 2019.

     

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  • Who are the Angadias?

    An FIR has been registered against some Mumbai Police officials last week for allegedly threatening Angadias and extorting money from them in south Mumbai.

    Who are Angadias?

    • The Angadia system is a century-old parallel banking system in the country where traders send cash generally from one state to another through a person called Angadia that stands for courier.
    • It is by and large used in the jewellery business with Mumbai – Surat being the most popular route as they are two ends of the diamond trade.
    • The cash involved is huge and it is the responsibility of the Angadia to transfer cash from one state to another for which they charge a nominal fee.
    • Generally, it is the Gujarati, Marwari and Malbari community that are involved in the business.

    How does the system work?

    • The Angadia system works completely on trust as large sums, at times in crores, are involved.
    • Generally, traders have the same Angadias for decades together.
    • If a trader from Zaveri Bazaar in south Mumbai wants to pay a diamond trader in Surat, he will send an Angadias who usually delivers the money within 24 hours.
    • They also have fixed trains that leave from Mumbai at night and reach Gujarat by early morning.
    • Usually, to verify authenticity, the trader will, for example, will give a Rs 10 note to the Angadia and provide the number of the note to the recipient.
    • It is only after the recipient confirms the note number that the Angadia will hand over the money to the person.
    • After making the payment, the Angadias return to Mumbai the same day.

    Is the system legal?

    • While the Angadia system per se is legal, there hangs a cloud over the activity as it is suspected that a lot of times it is used to transfer unaccounted money.
    • Since the business deals in cash and there is no account maintained for the same, there have been suspicions that it is also used for transfer of black money like the hawala.

     

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  • [Sansad TV] Perspective: Green Hydrogen

    UPSC 2022 countdown has begun! Get your personal guidance plan now! (Click here)

    The government has unveiled the first part of the much-awaited National Hydrogen Policy.

    In this article, we shall study some broad contours of this policy – how will it benefit producers of green hydrogen, how will it boost India’s energy security and also make India the hub of green hydrogen.

    What is Green Hydrogen?

    • Green hydrogen is hydrogen gas produced through electrolysis of water.
    • It is an energy intensive process for splitting water into hydrogen and oxygen— using renewable power to achieve this.

    Key takeaways of the Green Hydrogen Policy

    • The new policy offers 25 years of free power transmission for any new renewable energy plants set up to supply power for green hydrogen production before July 2025.
    • This means that a green hydrogen producer will be able to set up a solar power plant in Rajasthan to supply renewable energy to a green hydrogen plant in Assam.
    • It would not be required to pay any inter-state transmission charges.

    Major incentives offered

    • The government is set to provide a single portal for all clearances required for setting up green hydrogen production.
    • It will facilitate producers to transfer any surplus renewable energy generated with discoms for upto 30 days and use it as required.
    • The requirement of time bound clearances for these projects would spur investment while grid connectivity on priority will ease operational processes.
    • The energy plants set up to produce green hydrogen/ammonia would be given connectivity to the grid on a priority basis.
    • State DISCOMS may also procure renewable energy to supply green hydrogen producers but will be required to do so at a concessional rate.
    • Such procurement would also count towards a state’s Renewable Purchase Obligation (RPO) under which it is required to procure a certain proportion of its requirements from renewable energy sources.

    Hydrogen Energy: A Backgrounder

    • Hydrogen is an important source of energy since it has zero carbon content and is a non-polluting source of energy in contrast to hydrocarbons that have net carbon content in the range of 75–85 per cent.
    • Hydrogen energy is expected to reduce carbon emissions that are set to jump by 1.5 billion tons in 2021.
    • It has the highest energy content by weight and lowest energy content by volume.
    • As per International Renewable Energy Agency (IRENA), Hydrogen shall make up 6 per cent of total energy consumption by 2050.
    • Hydrogen energy is currently at a nascent stage of development, but has considerable potential for aiding the process of energy transition from hydrocarbons to renewable.

    Why hydrogen?

    • Better properties: At standard temperature and pressure, hydrogen is a nontoxic, nonmetallic, odourless, tasteless, colourless, and highly combustible diatomic gas.
    • Clean fuel: Hydrogen fuel is a zero-emission fuel when burned with oxygen. It can be used in fuel cells or internal combustion engines. It is also used as a fuel for spacecraft propulsion.
    • Ample sources: Hydrogen can be sourced from natural gas, nuclear power, biomass, and renewable power like solar and wind.
    • Phasing out carbon: India remains committed to environmental and climate causes with a massive thrust on deploying renewable energy and energy efficiency measures.
    • Diversification of our energy basket: This would be the key lever enabling this transition. That’s why the emergence of hydrogen at the centre stage is a welcome development.

    How Hydrogen can be produced?

    Commercially viable Hydrogen can be produced from –

    1. Hydrocarbons including natural gas, oil and coal through processes like steam methane reforming, partial oxidation and coal gasification
    2. Renewables like water, sunlight and wind through electrolysis and photolysis and other thermo-chemical processes.

    How is green hydrogen produced?

    • For source material, green hydrogen today is typically generated from water through a process known as electrolysis, which uses an electric current to split water into its component molecules of hydrogen and oxygen. 
    • This is done using a device called an electrolyzer, which utilizes a cathode and an anode (positively and negatively charged electrodes). 
    • This process produces only oxygen – or steam – as a byproduct. 
    • As for energy supply, to qualify as “green hydrogen,” the source of electricity used for electrolysis must derive from renewable power, such as wind or solar energy.
    • Currently the production of green hydrogen is two or three times more expensive than blue hydrogen.

    How can green hydrogen be used?

    Hydrogen can be used in broadly two ways. It can be burnt to produce heat or fed into a fuel cell to make electricity.

    • Fuel-cell  Mobility: Hydrogen electric cars and trucks
    • Container ships powered by liquid ammonia made from hydrogen
    • “Green steel” refineries burning hydrogen as a heat source rather than coal
    • Hydrogen-powered electricity turbines that can generate electricity at times of peak demand to help firm the electricity grid

    Challenges in producing Green Hydrogen

    India’s transition towards a green hydrogen economy (GHE) can only happen once certain key issues are addressed.

    • Supply-Chain Issues: GHE hinges upon the creation of a supply chain, starting from the manufacture of electrolysers to the production of green hydrogen, using electricity from a renewable energy source.
    • Technology: Green hydrogen needs electrolysers to be built on a scale larger than we’ve yet seen.
    • Storage: Either very high pressures or very high temperatures are required, both with their own technical difficulties.
    • Explosion Hazard: It is hazardous because of its low ignition energy and high combustion energy.
    • Risk to use: Automotive fuels are highly inflammable, but a vehicle laden with hydrogen is likely to be more vulnerable in case of a major accident.
    • High Cost of Production: To become competitive, the price per kilogram of green hydrogen has to reduce to a benchmark of $2/kg. At these prices, green hydrogen can compete with natural gas.
    • Energy intensivity: Creating green hydrogen needs a huge amount of electricity, which means an enormous increase in the amount of wind and solar power to meet global targets.
    • Lack of proper infrastructure, only 500 Hydrogen stations exist globally. Only countable manufacturers are involved as market players in this technology.
    • Others: Low user acceptance and social awareness. Developing after-sales service for hydrogen technology.

    Policy and Economic Challenges

    • Economic sustainability: One of the biggest challenges faced by the industry for using hydrogen commercially is the economic sustainability of extracting green or blue hydrogen.
    • Technological challenges: The technology used in production and use of hydrogen like Carbon Capture and Storage (CCS) and hydrogen fuel cell technology are at nascent stage.
    • Cost Factor: These technologies are expensive which in turn increases the cost of production of hydrogen and will require a lot of investment which in turn add fiscal pressure on government.
    • Higher Maintenance costs: Maintenance costs for fuel cells post-completion of a plant can be costly.
    • Need for legal and administrative adherence: Certification mechanisms, recommendations, and regulations for different components of the system.

    Way forward

    • Hydrogen energy is at a nascent stage of development but has significant potential for realizing the energy transition in India.
    • The new policy is a futuristic vision that can help the country not only cut down its carbon emissions but also diversify its energy basket and reduce external reliance.
    • Having missed out on many technology-led innovations in the past, hydrogen presents India with the opportunity to lead the change.
    • India’s transition towards a green hydrogen economy can be a testament to the world on the achievement of energy security, without compromising the goal of sustainable development.
    • The GoI must strongly pursue the objective of creating a GHE to make India a global manufacturing hub and place itself at the top of the green hydrogen export market.

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  • Issues with corporate governance in the context of NSE scam

    Context

    Over the past 10 days, the revelations about the functioning of the National Stock Exchange (NSE) during the tenure of Chitra Ramkrishna as Managing Director and Chief Executive Officer (CEO) have raised questions about the governance.

    Managerial misconduct at NSE

    •  There was managerial misconduct at NSE.
    • An effective board of directors: That is why we need checks on management such as an effective board of directors.
    • After the board was informed about the irregularities in Mr. Subramanian’s appointment, it discussed the matter but chose to keep the discussions out of the minutes on grounds of confidentiality and the sensitivity of the matter.
    • Second, despite being aware of Ms. Ramkrishna’s transgressions, it allowed her to resign and on generous terms instead of taking action against her.
    • Third, the Public Interest Directors (PIDs) failed to keep SEBI informed about the goings-on at the NSE.

    Issues with corporate governance

    • In the corporate world, much is forgiven on grounds of performance.
    • When a performing CEO chooses to unduly favour a particular individual or individuals, boards see that as a forgivable infirmity.
    • As for dysfunctional or ineffective boards, these remain the norm despite numerous regulations, seminars and papers over the past four decades.
    • In case of the the NSE, the problem is structural.
    • Selection and absence of penalty: It has to do partly with the way board members are selected and partly with the absence of penalties where directors do not live up to their mandate.
    • Board members are selected by top management (or, in India, by the promoter who is also top management).
    • Board members have every incentive to nod their heads to whatever the management wants to be done.

    Way forward

    • 1] Diversity in the selection of board members: As long as the top management selects all board members or can influence their selection, there is little hope of any active challenge to management.
    • The top management must be allowed to choose not more than 50% of the independent directors.
    • The rest must be chosen by various other stakeholders — financial institutions, banks, small shareholders, employees, etc.
    • 2] Accountability of board members: A second thing that needs to happen is holding board members accountable for lapses.
    • Regulators act against directors where there is financial malfeasance.
    •  This must change. Regulators must penalise errant directors through a whole range of instruments — strictures, financial penalties, removal from boards and a permanent ban from board membership.
    • 3] Accountability of regulator: Regulators themselves must be held to account.
    • In the NSE affair, questions have been asked of SEBI.
    •  For instance, why did SEBI not seek the help of the cyber police to ascertain the identity of the yogi?
    • SEBI needs to explain itself.

    Conclusion

    Convulsions of outrage after particular episodes will not take us very far. We need significant institutional reform if corporate governance is not to remain an illusion.

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