The Hindu Editorial Newspaper Analysis Free PDF Download

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 February 7, U.S. tech and automobiles billionaire Elon Musk made history when the Falcon Heavy, the world‟s most powerful rocket, was successfully launched by SpaceX
 Falcon Heavy’ is a partially reusable super heavy-lift launch vehicle designed and manufactured by SpaceX
 230-ft-tall rocket with 2,500 tonnes of thrust, the equivalent of 18 Boeing 747 aircraft
 comparison, the ISRO GSLV Mark-III, the rocket with maximum payload carrying capacity, can hoist only about 10 tonnes payload to low Earth orbit
 At $90 million, it is light on the pocket compared with Delta IV Heavy, which costs about $435 million per launch.
 It is sheer engineering brilliance that makes the Falcon Heavy cheaper.

As the borders begin to close

 India‟s policymakers must be alive to uncertainty in migrant remittances from the West and
West Asia
 Global •financial crisis in 2008, the world has begun looking to developing nations to show the
way to high economic growth and development.
 Emerging economies, India and China
 23 countries, led by India and followed by China, Philippines, Mexico, Pakistan and
Nigeria, receive over 80% of global remittances
 Share of gross domestic product (GDP), the top •five recipients are smaller nations: Haiti, the
Kyrgyz Republic, Liberia, Nepal and Tajikistan
 Helped lift millions out of poverty and unemployment and enhanced their standard of living
and human development.
 In this context, India’s case is no different- Kerala, which receives remittances equalling 36.3%
of its gross State domestic product
 India has witnessed sharp remittance growth since 1991.
 Remittances, which were valued at $2.1 billion in 1991, touched $70.4 billion in 2014
 Since then, the value of remittances to India has seen a modest decline: $68.9 billion in
2015 and $62.7 billion in 2016
 There was a slight improvement last year — $65.4 billion.
 World- debate on migration, considerable uncertainties about remittances remain.
 India receives about 56% of its remittances from migrants in West Asia, with the remainder
from mainly North America and Europe.
 Rapid changes in the economy and the sociopolitical climate in West Asia have had an impact
on remittances
 Additionally, developments such as Brexit and the Trump presidency in the U.S. have
further complicated matters.
 Declining oil prices and sluggish regional economies, the regional governments decided to
prioritise •filling their workforce with their nationals.
 In 2011, the Saudi government enacted “Saudisation”, or Nitaqat system in Arabic, with a
view to reducing unemployment
 Poorer nation can rely on remittances for its development needs and to achieve the SDGs
 Kerala’s remittance economy
 It is not unfair to say that without remittances, Kerala would have had to adopt an entirely
different economic growth path
 Decrease in migration is expected to result in a similar decrease in remittances to the State
 Return emigrants account for 1.2 million of Kerala‟s population.
 The State thus faces the huge challenge of reintegrating and rehabilitating them into society
and the economy.
 India Migration Survey 2020 will explore these issues and evolve adequate policy responses.

Prelims Focus Facts-News Analysis

 Page-1- Canada will not support separatists, says Trudeau
 Page-1- Kamal‟s party to focus on a new south India
 Makkal Needhi Maiam (People‟s Justice Centre)
 Blockchain tech could help prevent frauds like at PNB
 Given the distributed ledger technology‟s potential to improve monitoring, SBI has adopted it
in its reconciliation systems, payment gateways
 „NITI Aayog preparing new list of sick PSUs‟
 Rare creatures found in ocean abyss
 The haul collected o•Australia is to be studied by scientists this week