The hindu(JUNE -29)

Reserve Bank of India Governor ruled out Andhra Pradesh Governments request to approve its loan
waiver scheme, the government is now pinning its hopes on rescheduling of loans given to farmers in
drought and cyclone-affected mandals in the last kharif and rabi season.
The united Andhra Pradesh government had issued a GO in January this year declaring 113 mandals
as drought-hit and 462 mandals as cyclone-affected. However, for the routine approval of RBI for rescheduling of loan repayment, the State government should have issued a GO within 90 days after a
region was struck by a calamity.
Subsequently, the State government had been writing to the banks for rescheduling of loans in these
mandals but in vain.
The Kotaiah Committee on Loan Waiver, which met RBI officials recently, also raised the rescheduling of loans for farmers in 575 drought and cyclone affected mandals. However, no concrete
assurance was given to the committee, sources said.
If the RBI concedes the State governments request, then farmers will get some relief on repayment
of loans worth about Rs.12,000 crore availed by them in the last kharif and rabi seasons, sources
added. Farmers will get four years time, first year moratorium and from second year onwards,
outstanding loans will have to be repaid at 12 per cent interest in three annual instalments.
Normally, crop loans are given at four per cent interest.
The issue is expected to figure in the State Level Bankers Committee meeting here on June 30,
according to official sources.

CHALLENGES BEFORE MODI ON J& K VISIT ON JULY 4

1.

Annulling Article 370

2. Free flow of foreign funds through NGOs and hawala channels to sustain insurgency
separatist movement, a purported al-Qaeda threat to extend its base to the Valley after the
withdrawal of U.S. troops from Afghanistan, spurt in jihadist attacks in Pakistan, ceasefire
violations and infiltration of militants besides the proposed upgrading of the border fencing
will be key issues during Mr. Modis first security review in the State.
PIL AGAINST ADANI : Gujarat High Court on Friday issued notices to Adani Power Ltd. and
Adani Port and Special Economic Zone (SEZ) Ltd. in response to a PIL petition alleging that the
firms had violated environmental norms in the States Kutch district.
Kheti Vikas Seva Trust, a Kutch-based organisation, filed the petition calling for adherence to the
MoEFs conditions.

WATER CRISIS IN MAHARATHRA :- CAUSE Owing to delayed monsoon, the storage

level across all dams in Maharashtra has gone down to 19 per cent compared with 22 per cent last
year.
PANCHSHEEL:- FAILED IN MYNAMAR 1.One of the five tenets of Panchsheel is noninterference in the internal affairs of countries.
U Nu, the first and last democratically elected Prime Minister of Myanmar, was along
with Jawaharlal Nehru and former Chinese Premier Zhou Enlai a founding advocate of Panchsheel
the five principles of peaceful coexistence to guide relations between nations that was conceived
of 60 years ago this Saturday.
U Nu was deposed by the military in a 1962 coup, spending years in jail before going to India in exile.

HIGHLIGHTS OF ANSARI VISIT TO CHINA SPOKEN BY CHINA PRESIDENT 1.

60th commemoration of the Panchsheel here, he asserted that China would follow the five principles
of Panchsheel even as it is ready to work with the West to uphold world peace and development.
2. Chinese President said no country should monopolise international affairs and with a word of
caution against countries that use the law of the jungle by which the strong bully the weak, he
called for strengthening South-South Cooperation and bettering North-South dialogue.

3. adhering to territorial integrity and sovereignty, mutual non-aggression and non-interference in

internal matters, and peaceful co-existence the basics of Panchsheel, and said these continue to
remain relevant and grow.

India, China may soon ink pact on industrial parks

India and China are close to inking an agreement on setting up of industrial parks.
On Saturday, following a bilateral meeting between the two sides, Foreign Secretary Sujatha Singh
told mediapersons here that both countries had agreed that a growing trade deficit was
unsustainable.
Without giving out the specifics, she said India was eyeing an investment of $1 trillion by China. If
trade and investment between the two countries have to grow, we need to work towards reducing the
trade deficit, she said.
The details of the industrial parks will be fleshed out at a meeting between Minister of State for
Commerce Nirmala Sitharaman and her Chinese counterpart in Beijing on Monday. New Delhi is
keen to address the nearly $40 billion trade deficit with China.
Indian Ambassador to China Ashok K Kantha said the issue of correcting trade imbalance was
reaffirmed at the meeting between Vice-President Hamid Ansari and Chinese Premier Li Keqiang.
Given Chinas track record in manufacturing, India was keen to seek its involvement. Mr. Kantha

said the focus would be on broad-basing economic engagement with China and enhancing two-way
investment flows
India wants greater market access to cut the deficit. The Narendra Modi government is keen to
reinvigorate the manufacturing sector to create more jobs and give a fillip to the economy.
The issue of setting up of industrial parks came up during the recent visit of Chinese Foreign
Minister Wang Yi to India and his meeting with his counterpart Sushma Swaraj.
Need to work towards reducing trade deficit, says Foreign Secretary Sujatha Singh

Heritage sites Hatra, Ashour under threat

Hatra and the Ashour Temples both UNESCO World Heritage Sites are causes of particular
concern to archaeologists.
The well-preserved 2CE complex at Hatra familiar to millions as the set for the opening scenes for
the iconic 1973 horror film The Exorcist is thought to be a potential target, because of its statues
of pre-Islamic gods. ISIS(Islamic State of Iraq and al-Sham insurgents,) also controls the temple
complex at Nimrud, home to 3,000-year-old statues of Assyrian deities and gods.
Islamist insurgents have frequently destroyed pre-Islamic art: Afghanistans Taliban blew up the
Buddha statues at Bamiyan in 2001, while Malis Ansar Dine destroyed Sufi shrines when it captured
Timbuktu in 2012. ISIS itself looted the museum at the Syrian city of Raqqa, after capturing the city,
selling the art on the international black market to raise funds.
Archaeologists concerned as the Hatra complex has statues of pre-Islamic deities

Safety regulator for oil sector likely

Minister of State for Petroleum and Natural Gas Dharmendra Pradhan indicated on Friday that the
Government could take a fresh look on a pending proposal by former Oil Minister Jaipal Reddy for a
statutory safety regulator specifically for the hydrocarbons sector.

Modi lauds flawless PSLV launch

Indias Polar Satellite Launch Vehicle C-23 on Monday successfully put five foreign satellites into
orbit in the presence of Prime Minister Narendra Modi at the Indian Space Research Organisations
spaceport in Sriharikota.

In a smooth 20-minute mission, the ISRO launched the 714-kg French earth observation satellite
SPOT-7, the 14-kg German AISAT, the two 15-kg Canadian NLS7.1 (CAN-X4) and NLS7.2 (CAN-X5)
and the 7-kg Singapore VELOX-1. Following a perfect lift-off at 9.52 a.m., the PSLV-C23s four
stages came to life and fell off as programmed the 4-storey heat shield which protected the
satellites from turbulence, split in two and fell into the Bay of Bengal. Soon, all five were in their slots
at a height of more than 660 km.Observing that 40 of the 67 PSLV satellites were put into orbit from
19 foreign countries, Mr. Modi said it was a global endorsement of Indias capabilities.
Five foreign satellites were put into orbit on Monday from Sriharikota
Telangana government States energy department, including the Principal Secretary, Energy, Suresh
Chanda,

Kerala moves Supreme Court seeking review of

Mullaperiyar verdict
Kerala government on Monday moved the Supreme Court seeking a review of the May 7 verdict
quashing the law enacted by the State to prevent Tamil Nadu from raising the water level in the
Mullaperiyar dam from 136 ft to 142 ft.
faulted the judgment on various grounds, and said it suffered from fundamental and erroneous
assumption that the Tamil Nadu government became the successor to the 1886 agreement between
the then Madras Presidency and Princely state of Travancore

Two-month extension for Nanavati panel

Nanavati Commission of Inquiry probing the 2002 post-Godhra riots
two-member commission consisting of Justices (retired) G.T. Nanavati and Akshay Mehta has been
probing the 2002 Godhra train burning incident and the subsequent communal riots in Gujarat
Commissions term has been extended by two months till August 31, the panels secretary C.G. Patel
to

Katchatheevu a settled issue

Ministry of External Affairs (MEA) has reiterated before the Madras High Court that the maritime
boundary issue between India and Sri Lanka,

Kaafiron Ki Namaaz wins best film award at

Ladakh film fest

CAUSE OF LESS RAINFALL IN JUNE

Impact of El Nino will not be severe on the monsoon. It was the cyclone Nanauk that stopped the
monsoon from coming into the mainland, after it had registered in Andaman and Kerala.

Erdogan to stand for presidency

Recep Tayyip Erdogan is to stand for the presidency in August elections, his party announced on
Tuesday, paving the way for him to extend his dominance of the countrys politics for at least another
five years.
The announcement which put an end to months of speculation was made at a glitzy ceremony at
Ankaras Chamber of Commerce attended by some 4,000 AKP party members

India ratifies Marrakesh Treaty for visually

impaired
first country to ratify the Marrakesh Treaty to facilitate access to published works for persons who
are visually impaired, or otherwise print disabled.
The Treaty was adopted by 79 member countries of the World Intellectual Property Organisation
(WIPO) on June 27, 2013, and India ratified it on June 24 this year.
India handed over the Instrument of Ratification to WIPO at the 28th session of the Standing
Committee on Copyright and Related Rights in Geneva.

Ecuadoran indigenous people protest against

water policy
Congress last week approved a new law that gives the state exclusive control over all water resources