The document discusses the trade deal signed between the UK and EU to avoid a catastrophic no-deal Brexit scenario. Key points:
- The tariff-free trade agreement signed will mitigate economic losses from Brexit but UK still faces 4% potential GDP loss over 15 years compared to remaining in EU. No deal would have led to 6% loss.
- Zero tariffs on goods trade preserves supply chains and benefits consumers and retail. However, freedom of movement restrictions remain.
- Access to EU market averts fears of UK undercutting rules to pursue low-tax growth. Fisheries access was a major issue but is now on a transition.
- Challenges remain to minimize border checks and ensure smooth
The document discusses the trade deal signed between the UK and EU to avoid a catastrophic no-deal Brexit scenario. Key points:
- The tariff-free trade agreement signed will mitigate economic losses from Brexit but UK still faces 4% potential GDP loss over 15 years compared to remaining in EU. No deal would have led to 6% loss.
- Zero tariffs on goods trade preserves supply chains and benefits consumers and retail. However, freedom of movement restrictions remain.
- Access to EU market averts fears of UK undercutting rules to pursue low-tax growth. Fisheries access was a major issue but is now on a transition.
- Challenges remain to minimize border checks and ensure smooth
The document discusses the trade deal signed between the UK and EU to avoid a catastrophic no-deal Brexit scenario. Key points:
- The tariff-free trade agreement signed will mitigate economic losses from Brexit but UK still faces 4% potential GDP loss over 15 years compared to remaining in EU. No deal would have led to 6% loss.
- Zero tariffs on goods trade preserves supply chains and benefits consumers and retail. However, freedom of movement restrictions remain.
- Access to EU market averts fears of UK undercutting rules to pursue low-tax growth. Fisheries access was a major issue but is now on a transition.
- Challenges remain to minimize border checks and ensure smooth
The document discusses the trade deal signed between the UK and EU to avoid a catastrophic no-deal Brexit scenario. Key points:
- The tariff-free trade agreement signed will mitigate economic losses from Brexit but UK still faces 4% potential GDP loss over 15 years compared to remaining in EU. No deal would have led to 6% loss.
- Zero tariffs on goods trade preserves supply chains and benefits consumers and retail. However, freedom of movement restrictions remain.
- Access to EU market averts fears of UK undercutting rules to pursue low-tax growth. Fisheries access was a major issue but is now on a transition.
- Challenges remain to minimize border checks and ensure smooth
12th 3 4 5 6 7 8 Key Features: ➢500+Study Hours ➢200+Live Classes ➢ALL PDFs (Topic Wise) ➢Quizzes ➢Dedicated Doubt Sessions ➢India’s Best Educators ➢All subjects in one subscription NIMISHA NIMISHA THE HINDU EDITORIAL THE NDU HINDU VOCABULARY
1. backburner: postpone consideration of or action on.
2. anomalous: नयम व : deviating from what is standard, normal, or expected 3. milieu: a person's social environment. 4. rigging: similar network (as in theater scenery) used for support and manipulation. 5. rancour: व े ष: bitterness or resentfulness, especially when long standing.
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THE HINDU EDITORIAL THE HINDU VOCABULARY
6. catastrophic: आप जनक: involving or causing sudden great
damage or suffering. 7. juxtapose: place or deal with close together for contrasting effect. 8. set off: begin a journey. 9. give someone the nod : to give someone approval 10. strike a blow: to do something to fight for or against something
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THE HINDU EDITORIAL
Today’s Editorial Topic
Recharging DTH Scaled down licence fee will help, but there is no escaping competition
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★ The Union Cabinet’s approval of a revised scheme for the Direct-to-Home (DTH) television distribution sector beginning with 100% FDI brings a measure of calm to an industry buffeted by technological change and revenue pressures this year. Under the new norms, the licence period will go up to 20 years from the present 10, and, importantly, the fee has been reduced to 8% of Adjusted Gross Revenue, after setting off service tax, as opposed to 10% on Gross Revenue now. The proposal for a reduction in the licence fee has been on the backburner for six years since the regulator, TRAI, recommended it.
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★ The DTH operators have also been facing a challenge from high bandwidth Internet and new generation entertainment providers using Over The Top (OTT) channels that are chipping away at their urban viewer base so valuable to advertisers. Many broadcasters now have a live Internet presence, and newer screen casting technologies pair mobiles to large screen TVs. In such an environment of flux, some existing players have combined technologies, incorporating DTH, Internet service and OTT.
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★ There is relief among the DTH players on the licence fee decision, although the Indian Broadcasting Foundation would like to see further liberalisation — the removal of cross media ownership restrictions. Significantly, a legal challenge against the existing annual licence fee in the Supreme Court was recently posted for hearing in February 2021. ★ The DTH operators have been arguing that, since TRAI issued the New Tariff Order (NTO) for television last year, they have become mere carriers of channels and bouquets, with no pricing powers for these. Any high fee would, therefore, be anomalous, in their view.
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★ The broadcasters, on the other hand, have approached the courts against the amended NTO issued in January, which increased the available channels for a mandated network capacity fee paid to platforms like DTH, reduced the maximum price of pay channels in bouquets, and curbed price rigging using bouquet arrangements. These are measures that strike a blow for the common man. While major platforms accepted the network fee provision, the channels have baulked at regulation.
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★ India is one of the biggest single markets for audiences, with an estimated 200 million cable and satellite households, and regulation favouring the consumer is warranted. In fact, the recent controversy surrounding fake audience numbers for channels points to the need for scrutiny of the methods adopted. What broadcasters, including state-run Doordarshan, must realise is that audiences are won by the power of authentic programming and entertainment. In a diverse cultural milieu, with a vibrant public sphere and a sporting tradition, there is space for everyone, and the best combination of technology and pricing will win the viewer’s favour.
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ARTICLE- 2
Limits of sovereignty Britain averted a ‘no deal’ Brexit, which would have been catastrophic for all
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referral code: “NIMISHA” to get Maximum discount 19 ★ The tariff-free trade accord in goods that the U.K. and the EU signed on Thursday, days before the post-Brexit transition expires, should mitigate somewhat the consequences of Britain’s narrow decision, in 2016, to leave one of the largest trading blocs. The eleventh hour agreement averts a catastrophic ‘no deal’ scenario. This is borne out by the findings from the UK Office for Budget Responsibility. The country now faces a potential 4% loss of GDP over 15 years, compared to remaining in the EU. Leaving without any agreement would have led to a potential loss of 6% of GDP, estimates the fiscal watchdog.
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★ Moreover, given the U.K.’s reliance on the EU for about 75% of food product imports, the significance of zero duty trade for consumers and the retail economy cannot be exaggerated. Brexit’s biggest trade-off for the ordinary citizen is perhaps the restrictions on the right to free movement and work. The tariff-free access to Europe’s single market has been realised in exchange for guarantees that Britain would not undercut EU competition rules and environmental regulations. Among the more contentious issues in the talks, the arrangement allays apprehensions about the potential economic threat from the “Singapore-on-Thames” growth model the U.K. might pursue outside the EU.
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★ The biggest stumbling block was the access for EU fisheries to British seas, which London was keen to reclaim as demonstration of wresting sovereignty after Brexit. There is now a five-and-a-half-year transition period that guarantees continued access for the affected EU states. The reduced terms for the latter are expected to help British fisheries. A major challenge now would be to keep border checks and red tape to the minimum, besides ensuring that supply chains are not unduly disrupted.
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★ U.K. businesses have given a cautious welcome to the agreement, which has left the EU market in services out of its purview, requiring Britain’s pre-eminent financial services sector to negotiate ad hoc measures with European counterparts. ★ Politically, the post-Brexit partnership could end the rancour that has polarised British society. Prime Minister Boris Johnson has predictably claimed victory for restoring the nation’s sovereignty that had supposedly eroded under its 47-year EU membership.
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★ His Conservative party’s massive parliamentary majority would enable its automatic approval early next week. The Opposition Labour party has announced its backing for the agreement. Thursday’s terms will provisionally enter into force on January 1, while the European Parliament is expected to give its nod in a few weeks. Conservative hardliners surely have their moment of triumph. But they can hardly escape the reality of their country juxtaposed to the EU 27 in areas of mutual cooperation. That will set the limits of national sovereignty.
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VOCABULARY QUIZ MATCH THE COLUMN QUIZ 5 QUESTIONS
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referral code: “NIMISHA” to get Maximum discount 25 MATCH COLUMN A WITH COLUMN B 1. galvanised: A. be indecisive. 2. rein in: B. short of money. 3. dithering: C. shock or excite (someone) into 4. strapped: taking action. D. to pay an amount of money, 5. fork out: especially unwillingly E. to limit or control (someone or something)
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Q. Descriptive Question:
Scaled down licence fee will help, but there is no escaping
competition
Write your opinion.
(Word limit:200)
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Maximum discount VOCABULARY FOR ALL 1. backburner: 2. anomalous: 3. milieu: 4. rigging: 5. rancour: 6. catastrophic: 7. juxtaposed: 8. set off: 9. give someone the nod : 10. strike a blow:
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1. galvanised: shock or excite (someone) into taking action.
2. rein in: to limit or control (someone or something) 3. dithering: be indecisive. 4. strapped: तंगी: short of money. 5. fork out: to pay an amount of money, especially unwillingly ` Here Are The Links of Most Important pdf’s :- 1) 120 RULES OF GRAMMAR BY NIMISHA MAM https://drive.google.com/open?id=1fO8fWl4Ev3JtKm8Y_6LQtnVOyg2qJJ9F 2] June 2020 Monthly vocab (The Hindu) https://drive.google.com/file/d/1CaQw1t_gIKldrJVIr9ebH952L8WhBfgG/view? usp=sharing 3] MOST IMPORTANT FIXED PREPOSITION https://drive.google.com/open?id=1fIVkc9Bm5r-gGPfwUtEj9cBrzpt7ar95 4] ROOT WORD 220 https://drive.google.com/open?id=1DQm7liff5f8dbSh6mhtwVqL-Iz2IGOaX 5] Top 3000 words https://drive.google.com/open?id=1SN_OBpMS2yLPHIzSth2iCiQx8MEl2F9g 6] May 2020 Monthly Vocab (The Hindu) https://drive.google.com/open?id=12Q18-XbJ1QX-o7hk68fNIwkoraClaUIx 35
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