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The Hindu Editorial Analysis | 12th November ’21 | PDF Download

Q.) Name the fintech company whose initial share sale was fully subscribed in the final hours of the issue period on Wednesday?

  • PhonePe
  • Paytm
  • Bharat Pe
  • RazorPay

Season of floods | TH

  • Chennai is a coastal metropolis with a flat terrain
  • The ongoing spell of heavy rain in Chennai has again exposed the vulnerability of the city.
  • The first spell of heavy rain of 21 cm, mostly in the early hours of Sunday (November 7), caught everyone by surprise.
  • Even as the city was struggling to get back to normality, there was a depression in the Bay of Bengal, which crossed the coast near Chennai on Thursday.
  • This time, the city did not experience very heavy rainfall but several suburbs such as Tambaram and Red Hills recorded over 22 cm of rain.
  • In the last four days, other parts of the State too were at the receiving end of the monsoon.
  • Nagapattinam, one of the backward areas of the Cauvery delta, was battered after 31 cm fell in a day.
  • The crux of the problem is the issue of drainage, be it in Chennai or in Nagapattinam.
    • Shrinking open space
    • The gap between the coverage of the drains and that of sewer lines
    • Ageing drains and sewer networks in core areas of the city
    • Encroachments or obstructions hampering the free flow of water are responsible for the mess
  • The city is blessed with a few rivers such as the Cooum and the Adyar, apart from a number of canals including the Buckingham Canal.
  • All these waterbodies, if properly maintained, can be very effective flood carriers, sparing several residential localities from inundation.
  • Mr. Stalin, who was Chennai Mayor and Local Administration Minister earlier, is well-placed now to put his experience to use and pull the city out of the quagmire.
  • The people too should be responsible enough in ensuring that the waterbodies and drains are not turned into dumps.

Supply Chains at Risk From Urban Floods | ET

  • Warmer atmospheric conditions seem to have increased the frequency of heavy rainfall and other extreme weather events.
  • The vast bulk of economic activity does happen in dense urban centres, and regular disruptions, including damage to civic amenities, possible deterioration of water quality and the very real risk of epidemics, are totally avoidable.
  • Chennai is also very much a part of global value chains and networks, and cannot afford periodic flooding.
  • A 2017 flood report says that the Tamil Nadu government desilted over 22,000 tanks,11,000 km of water bodies and recharged nearly 7,000 pits following the 2015 floods.
  • The way forward is to modernise these operations, install sensors to monitor water flow and take pre-emptive action against silting.
  • Timely local action is of paramount import to prevent urban flooding.

How To Play The Kabul Game | ToI

  1. Provide Afghan people humanitarian assistance;
  2. Ensure that Afghan territory is not used to spread radicalism or terrorism;
  3. Preserve the social and economic gains made over past two decades;
  4. Establish inclusive governance, with the representation of women and minorities;
  1. Allow the United Nations to play an important role;
  2. Implement the United Nations Security Council resolution 2593;
  3. A unified international response to the current situation
  • Refashioning India’s policies vis-à-vis Afghanistan requires patient work.
  • Although China declined to participate in the Delhi consultations of the regional National Security Advisers on November 10, it continues to exchange notes with India bilaterally on the situation in Afghanistan.
  • Iran’s position is same as of India.
  • Following their telephonic conversation on August 24, Prime Minister Narendra Modi and the Russian President Vladimir Putin tasked their senior officials to remain in touch on Afghanistan.
  • Fifteen days later, General Nikolai Patrushev, the Secretary of the Security Council of the Russian Federation, visited New Delhi for intergovernmental exchanges.
  • Although there has been some backtracking in Moscow in the Russian interpretation of the results of the Delhi meeting of the regional NSAs, his presence in the regional security dialogue was useful.
  • India’s long-term objective is to establish linkages between South and Central Asia.
  • This will also make Afghanistan’s economy sustainable and help it become a regional hub for trade, transportation, energy, and minerals

  • The Pakistan government and the Tehrike-Taliban Pakistan have agreed on a truce, mediated by the Haqqani Network.
  • Continued presence of UN
  • The Declaration underlined that Afghan people should be provided humanitarian assistance in an assured manner.
  • Should Pakistan refuse, India must explore sending the assistance through Kandla and Chabahar.

All and All, It Could Be Ethanol | ToI

  • India has a fastgrowing economy, is the fifth-largest producer of light vehicles, and third-largest of heavy ones.
  • In recent months, GoI has taken measures directed to increasing the use of ethanol, from cane, damaged grains and cellulosic materials, to address these concerns.
  • In this direction, the successful experience of ethanol implementation in Brazil — which in 2020 replaced 48% of its petrol with ethanol — could provide India a pointer.
  • This has been achieved through the mixture of 27% anhydrous ethanol in gasoline and the use of pure ethanol by a ‘flex fleet’, which represents more than 86% of the total vehicle fleet.
  • In Brazil, ethanol is sold in a network of more than 41,700 retail outlets.
  • So, while many countries opt for electrification in mobility, ethanol’s role in sustainable mobility should be considered.
  • The most appropriate combination of motorisation and transport energy will depend on the geography and characteristics of each country or region.
  • The option to be adopted will depend on how public policy will be measuring the energy and environmental impacts.
  • If public policy is interested in measuring only exhaust emissions, the battery-powered vehicle can be considered a solution, even using electricity produced from a fossil source.
  • If the policy assesses related emissions from energy generation to its final use, we will have a more complete ‘well-to-wheel’ assessment.
  • If the policy assesses full emissions including those related to the construction and disposal of vehicles and power-generation systems, it will follow the ‘cradle-to-grave’ concept.
  • Some emission-control strategies have been based on engines without, however, worrying about the source of energy.
  • In Europe and the US, under the ‘well-to-wheel’ concept, petrol or diesel vehicles emit 122-150 gm of CO2-equivalent/km (gCO2e/km).
  • Batterypowered electric vehicle (BEV) in Europe, however, emit about 92 gCO2e/km using the average local fossil-renewable electricity mix.
  • Reducing emissions from 122 to 92 gCO2e/km is an advance, despite the high cost of the vehicle and new infrastructure required.
  • But this level of emissions is still far above the 58 gCO2e/km emitted by ethanol-fuelled ICEs of the flex fleet in Brazil, and the 29 gCO2e/km of flex ethanol hybrids being sold there since September 2019.
  • By 2032, BEVs are expected to be emitting 74 gCO2/km, ethanol ICE vehicles down to 38 gCO2e/km, and ethanol hybrids 27 gCO2e/km, the same level as ethanol fuel cells, all under ‘well-to-wheel’.
  • In the cradle-to-grave concept, the advantage of ethanol-powered engines is even greater.
  • Several countries follow the Brazilian example.
  • Others are unable to produce biofuels in sufficient volume due to the limitations of land, sun and water.
  • Some have announced plans to expand wind and solar photovoltaic generation — intermittent sources of energy — storing them in the form of hydrogen generated from electrolysis of water.
  • Sustainably produced biofuels, such as ethanol and biomethane, allow many countries to enter the Age of Hydrogen.
  • As India intensifies the use of ethanol in mobility, it will not only promote a sustainable source of energy in transport, but will simultaneously address 3 pressing issues:
  1. dependence on oil imports and its impact on the trade balance;
  2. diversification and promotion of income and jobs in agriculture using available feedstocks;
  3. the significant reduction in local and global emissions.

Financial News

  • Companies and retailers selling discretionary products such as apparel, electronics, liquor and cosmetics said they will increase prices by 8-10% to offset rising raw material and supply chain costs although it could impact demand for some products.
  • Companies across grocery essentials, personal care products, packaged food, and dining had already raised prices and will make another round of hikes in the new year.
  • The cost challenge comes at a time when retailers across segments breached the pre-pandemic sales mark during the festive season and are trying to sustain the momentum in the next few quarters.
  • Wholesale inflation, an indicator of input costs for businesses, has been in double digits for over six months now, while retail inflation has declined in recent months to a five-month low of 4.35% in September.
  • This divergence confirms high input cost inflation that has not yet been passed to consumers.

NEWS

  • PM Modi to launch two innovative customer centric initiatives of Reserve Bank of India
  • President Kovind presides over 51st conference of Governors, LGs in New Delhi
  • Health Minister Mansukh Mandaviya urges States, UTs for collective efforts to ensure that no citizen is left without protection of COVID vaccines
  • Over 110 crore COVID vaccine doses administered in the country so far
  • Health Ministry issues new guidelines for international arrivals
  • Govt says that India has not accepted illegal Chinese occupation of its territory
  • Auction for 5G spectrum likely in April-May 2022: Ashwini Vaishnaw
  • National Recruitment Agency will be established by March 2022 which will conduct Common Eligibility Test for recruitment: Jitendra Singh
  • India undertook a comprehensive and effective campaign against COVID: President Kovind
  • IAF contingent to take part in biennial Dubai Air Show
  • Chinese President Xi Jinping tightens grip on power as Chinese Communist Party eulogizes him in historic resolution
  • High Commission of India organises ICCR alumni meet in Dhaka

ANSWER

Q.) Which city has been selected by UNESCO as a creative city?

  1. Delhi
  2. Lucknow
  3. Srinagar
  4. Kolkata

 

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