25th May'18 - The Hindu Editorial Complete Analysis

Table of Contents

Seller beware

 The Union Cabinet has cleared an ordinance amending the Insolvency and Bankruptcy
Code (IBC), a law which came into force in November 2016.
 To hasten(जल्दी करना) the process of winding up failed businesses
 The amendment, if it meets expectations, could also reduce the inconsistencies between
the IBC and the Real Estate Regulation Act (RERA).
 While RERA was introduced with the goal of protecting the rights of buyers by ensuring the
timely and honest delivery of homes
 The removal of this inconsistency can help courts deliver better justice to homebuyers
in the future.
 Government refused to divulge specific details of the amendment, the change to the
law is expected to help offer better treatment to homebuyers when it comes to
recovering their dues from bankrupt companies
 Homebuyers simply want the delivery of a good that was promised to them.
 It will help in the development of a transparent and more efficient real estate market.

The transatlantic variants

 India must be careful in picking up best practices from elsewhere in drafting a data
protection law
 Americans and Europeans both call a sport football, they play a very different
game.
 This difference is rooted not only in culture but in the rules of the game
 With the European General Data Protection Regulation (GDPR) coming into
effect on May 25, 2018,
 What path should it take? Should it follow the U.S. or Europe?
 Or, in fact, should India take the lead in this regard?
 U.S. seems to be a poor defender of privacy and data protection
 Edward Snowden on surveillance programmes
 our constitutional doctrine, there always remains room for learning

Continue

 Growing European influence
 In contrast, the GDPR seems like as a modern, progressive text
 GDPR is in a lot of ways closer to our constitutional understanding of data protection as
articulated by the Puttaswamy judgement last August
 Supreme Court unanimously held privacy to be a pivot for our fundamental rights.
 When it provides a “strong law” for users, the GDPR also seems like a strong arm law to
trade and commerce.
 Two common business objections are made.
 The first cites a rise in costs that would impact users
 Regulation will make them unable to compete globally.
 Blind adoption of the GDPR would present immediate peril(जोखिम) for several reasons.
 As India stands at a crossroads, it should chart its course picking up the best ideas and
practices that promote user control over data.
 This requires adaptation from both the U.S. and the GDPR

Prelims Focus Facts-News Analysis

 Page-1- Tamil Nadu CM says Sterlite will be shut; power supply cut

Prelims Focus Facts-News Analysis

 Page-1- Trump calls off summit with Kim
 U.S. President Donald Trump on Thursday called off his June 12 meeting with
North Korean leader Kim Jong-un, which was to take place in Singapore.

Prelims Focus Facts-News Analysis

 Page-1- Delhi Assembly may pass resolution on Statehood
 The question of full statehood for Delhi would be up for discussion during the
three-day Assembly session that begins on June 6. Sources in the AAP said a
resolution on the issue was likely to be passed after the discussion.

Prelims Focus Facts-News Analysis

 Page-1- Top officials for Kashmir talks
 It is essential for a lasting solution in the region, they tell Union Home Minister

Prelims Focus Facts-News Analysis

 Page-1- UGC allows online degrees
 With the University Grants Commission approving the UGC (Online Courses)
Regulations, 2018, in its meeting on Thursday, higher educational institutions can now
offer certificate, diploma and degree programmes in full fledged online mode in
line with their regular programmes.
 Clean Air India Initiative‟ launched
 Prime Minister of Netherlands Mark Rutte, who is in India on a two-day visit, launched the Clean Air India Initiative‟ in the national capital.
 Aims to curb air pollution in Indian cities by promoting partnerships between Indian start-ups and Dutch companies and build a network of entrepreneurs working on business solutions for cleaner air.