 a very good evening aspirants welcome to the hindi newspaper analysis now today is the last day that you are going to receive the hindi newspaper analysis from our side now don't panic we have an alternative plan you are going to pick up 50 to 55 questions from the previous months and we are going to compile it and give it to you for your preliminary exam revision you will get weekly once video okay so with this happy note let us get into the newspaper analysis today's date is 28th of March 2023 displayed here on the list of news articles that we are going to discuss today so without much delay let us get into the first news article discussion look at this editorial article it talks about the growing significance of the blue economy the author believes that as india is holding the g20 presidency now india can play an important role in facilitating the transition towards a sustainable blue economy so in this context let us understand the points discussed in the article more elaborately this discussion would fall under this part of the syllabus kindly go through it now first we'll try to understand the blue economy and what is the significance of the blue economy see according to the world bank the blue economy is defined as sustainable development of ocean resources for economic growth improved livelihoods and jobs while preserving the health of the ocean ecosystem and it includes all these activities like generating marine energy sustainable tourism sustainable fisheries international trade through maritime transport waste management etc then most importantly by managing our marine resources we could combat climate change impacts this is because oceans are highly impacted by extreme weather events changing ocean current patterns ocean acidification and sea level rise so what are the significance of blue economy see every dollar invested in key ocean activities yield five times that is five dollar in return according to a recent research it is no wonder we all know that the most prosperous cities and countries are end over the coast cities which are landlocked are considered to be in a disadvantageous position because oceans are a treasure of opportunities also oceans are reservoirs of global biodiversity they are critical regulators of the global weather and climate apart from these oceans also support the economic well-being of billions of people in coastal areas but the blue economy is not only about ocean dependent economic development it also means inclusive social development and environmental and ecological security okay recognizing the importance of the blue economy india has taken a host of initiatives to promote the development of blue economy we'll see what are those initiatives now firstly the author mentions about the saharmala project see the saharmala project has been initiated by the government of india in 2015 to promote port led development in india one of the major components of the project is port modernization and new port development the project mainly aims to cut down logistics cost of exports and import by developing world-class ports okay secondly we have the shipbuilding financial assistance policy to encourage domestic shipbuilding here financial assistance is being granted to indian shipyards on the contract price received for each vessel built by them okay thirdly pradhan mantri matsya sampatha yojana it is a flagship scheme for focused and sustainable development of the fisheries sector in the country it aims to enhance fish production by an additional 70 lakh tonne and to increase fisheries export earnings then it also has a profound goal of doubling the income of fishermen and fish farmers then the recently launched sahar mantan dashboard by the ministry of ports shipping and waterways which is in short quarters m o ps w this new digital platform has all the integrated data related to the ministry and other subsidiaries the dashboard will provide well coordinated real time information on the working of different departments it can even track vessels in real time then there is the deep ocean mission it aims to explore the marine diversity in our country which is still unexplored know that this ambitious project is managed by the ministry of earth sciences the main focus is on studying and exploring the deep water bodies in order to get an idea about the undiscovered minerals stones living or non-living entities then india adopted the coastal regulations own notification to clarify and better manage coastal regions then in 2022 through the plastic waste management rules india banned the use of single-use plastic which often ends up in oceans and pollutes them finally under india's g20 presidency the blue economy is a priority area under the environment and climate sustainability working group the aim is to promote adoption of high-level principles that guide sustainable and equitable economic development through the marine resources this can be done when we simultaneously address climate change and other environmental challenges related to oceans so these are all some of the measures taken by india apart from this g20 has also been working to safeguard the oceans and has taken up many ocean related issues so far these include the g20 action plan on marine litter the usaka blue ocean vision and the coral research and development accelerated platform now india is also committed to prioritize oceans and the blue economy under its presidency so this would ensure continued discussions on this crucial subject now what are the challenges in the development of blue economy see we all know that ocean or interconnected this means that activities occurring in one part of the world could have ripple effect across the globe therefore the responsibility of their protection conservation and sustainable utilization lies with all nations but unfortunately it involves quite a lot of stakeholders like there are businesses there are environmentalists there are coastal communities like fishermen and all these groups have different interests so it is a big challenge to bring all the participants on one stage this is one of the challenges then the ocean itself is facing so many threats like marine pollution over extraction of resources and unplanned urbanization this may affect the ocean coastal and marine ecosystems and biodiversity without a sustainable marine resource management developing blue economy is not possible so finally the author says that india's g20 presidency would play an important role in promoting individual and collective actions thereby facilitating the transition towards a sustainable blue economy this is because g20 is an excellent forum to build an effective communication with all stakeholders so the first challenge could be sorted out here every stakeholder can share best practices then the members can also foster collaborations for advancements in science and technology then the member countries can work on public private partnerships and to create novel blue finance mechanisms that's all regarding this news article discussion and this news article discussion we saw in detail about the blue economy steps taken by indian government to safeguard the blue economy and the challenges faced by the blue economy and how it can be rectified using india's g20 presidency so these learned points now let us move on to the next news article discussion take a look at this article here according to the article supreme court asked the solister general to provide an updated position of the bills pending with telengana governor tamilisai soundarajan this is because several bills passed by the assembly or pending so the state has blamed the governor for creating a constitutional impasse by refusing to act on several bills passed by the legislature so this is the cracks of the news article given here in this context let us revise about the veto powers of governor and compare it with the veto power of president first we'll see what is veto power see it is the power or right vested in one branch of a government to cancel or postpone the decision or enactment of another branch in indian context it denotes the right of a president and governor to reject bills passed by the legislature okay know that there are three types of veto powers first one is absolute veto second one is suspensive veto and the last one is pocket veto absolute veto means the power to withhold the ascent to the bill suspensive veto means it gives the power to return the bill to the legislature for reconsideration then pocket veto means it is the power to not act upon a bill okay now let us see the veto powers of governor in indian constitution article 202 governs the veto power of governor now let us see about them see when a bill is presented to the governor for his ascent four cases all possible firstly he can give his ascent to the bill after the ascent the bill becomes an act secondly he can withhold the ascent to the bill this is absolute veto thirdly he can return the bill to the state legislature for reconsideration here you should know two things one is governor cannot return a money bill and the other one is if the bill is passed again by the legislature with or without any amendments now governor cannot withhold his ascent so here government only enjoys suspensive veto now lastly he cannot withhold his ascent after the bill is passed again by the legislature but he can reserve the bill for the consideration of the president this is only article 201 okay clearly understand the difference between the both so these are the four cases possible while giving ascent to an ordinary bill this is about the veto powers of governor now let us compare it with president president's veto power or governed by article 111 see with respect to ordinary bill president has three options firstly she can give ascent to the bill secondly she can withhold the ascent that is absolute veto and thirdly she can return the bill for reconsideration of the house here like governor president also enjoys only suspensive veto this is because if the bill is passed again with or without any amendments by the houses then president cannot withhold her ascent here also president cannot return a money bill important point here is that if the governor reserves a state money bill for the consideration of the president then also she cannot return the state money bill okay another important point here is let us say governor has reserved a bill and it is not a money bill now president is returning the bill for the reconsideration of the state legislature and the bill is passed again with or without amendment and sent to the president in this case president is not bound to give his ascent okay so to sum up when a bill is returned to the state legislature for reconsideration and if the bill is passed again by the legislature with or without any amendments the governor cannot withhold his ascent but he can reserve the bill for the consideration of the president but on the other hand if the president is returning the bill for the consideration of the state legislature and the bill is passed again with or without amendment and sent to president in this case president is not bound to give his ascent okay it is a little bit confusing but UPSC might ask tricky questions in these areas that is why we picked up this news article so with these learned points let us move on to the next news article discussion for our next discussion we will take up this news article from foreign page it says that israeli prime minister announced a delay in his judicial overhaul plan the centerpiece of the overhaul is a law that would give the governing coalition the final say over all judicial appointments this is about the news article given here see here judicial overhaul plan is not much relevant to our examination so today let us restrict ourselves to see about the location of Israel since Israel and Palestine is always in use there might be a map based question with respect to Israel that is why we are going to revise about the location of Israel in this discussion okay now look at this map given here it is the political map of Israel as you can see the important regions include Gaza Strip, West Bank, Golan Heights we all know the history of Israel independence right so there is a constant fight between Palestine Arabs and Israeli Jews this map here shows how the Palestinians Arabs population decline over the years now it is confined to only the Gaza Strip and West Bank now talking about Israel Israel is a small country in the Middle East the country has a diverse climate with snowy mountains in the north and the hot desert in the south the Negev desert in southern Israel receives only one inch that is 32 mm of rain a year in the north Gallele is known to have the most fertile farmland in the country now coming to the location of it as I already said it is a country in Middle East it is bordered by Lebanon to the north Syria and Jordan to the east Egypt to the south Israeli is connected to Mediterranean Sea Red Sea here you can see that it is connected to Red Sea through Gulf of Aquaba finally before concluding let us see about the physical geography of Israel the four major physical features of Israel include first is Mediterranean coastal Plains then central hill region it includes Upper and Lower Gallele then Jordan Rift Valley region and finally is Negev region okay some of other important features include Lake Kinaret which is also called as Sea of Gallele it is located between the hill of Gallele and the Golan Heights it is Israel's largest lake and serves as the country's main water reservoir next is Jordan River it flows from north to south through the rift it empties into the Dead Sea now the third important feature is the Dead Sea it is the lowest point on the earth at about 1300 feet below sea level okay Dead Sea's water is rich in potash magnesium and bromine so it is the highest level of salinity and density in the world we know that right so that's all regarding the location of Israel there might be a question regarding Israel so just make note of it and revise it once before the examination okay so these learnt points now let us move on to the next news article discussion this news article informs us about a statement made by our finance minister in Lok Sabha in her statement our finance minister mentioned that 54 foreign direct investment that is FDI proposals with investors from China and Hong Kong are pending before the government this she mentioned is due to the government amended FDI policy according to the amended FDI policy of the government for investments arising from countries that share land borders with India a government route is the only option so this is about the news article given here in this context let us quickly revise FDI and FBI okay first let us take FBI FBI or foreign portfolio investment refers to passive investments in the financial assets of a foreign economy here financial assets include stocks bonds and securities the FBI has some characteristics associated with it first one is they invest only in financial assets and not physical assets like buildings and protection units second one is FBI or not involved in the day-to-day operations of the companies they invest in the third one is the main motive behind the FBI is to generate short-term financial gains the FBI or not focused on gaining managerial operations of the business so the investment through FBI are very volatile okay now let us take up FDI or foreign direct investment see in the case of FDI a company invest in foreign companies with the intention of taking control of the ownership and by participating in the company's day-to-day business in case of FDI the focus is not just on the financial assets but also the physical assets for example walmart acquired 77 percentage stake in flipkart for $16 billion it is a very good example of FDI okay now let us see some of the features of FDI first one is like I already mentioned FDI is aimed at taking over the day-to-day management of the company second one is in the case of FDI there is transfer of technology and knowledge which does not happen in case of FBI the last one is that FDI is more stable when compared to FBI this is because the focus of FDI is not on short-term gains so these are the characteristics of FDI this we came to the end of this news article discussion in this news article discussion we saw about the difference between FDI and FBI so these learned points now let us move on to the next news article discussion now look at this news article the news article is about the response of our union minister for fisheries animal husbandry and dating to a question raised by a Tamil Nadu MP in Rajeshabha the union minister replied to the question by providing some data on funds allocated for schemes in Tamil Nadu this is about the news article given here in this context let us discuss about the financial relationship between the center and the state say part 12 of the Indian constitution deals with finance property contracts and suits in part 12 article 268 to 293 deals with the financial relations between the center and the state let us first take article 268 article 268 deals with the taxes levied by the union but collected and appropriated by the states article 268 mainly deals with the staff duties mentioned in the union list for example the staff duties on bills of exchange checks promissory notes letters of credit policies of insurance and transfer of shares the taxes levied by the union government but the state government collects the tax and keep it as a part of its own consolidated fund in case of the union territories the union government levies the tax collects the tax and appropriates the tax moving on to article 269 article 269 deals with taxes levied and collected by the union but assigned to the states this includes taxes on the sales and purchase of goods in interstate trade or commerce only items that is excluded here is newspaper in case of article 269 the union government levies and collects the tax the collector taxes then assigned to the states okay next is article 269 a article 269 a was inserted by the 101st constitutional amendment and we know that the 101st constitution amendment was introduced to implement the GST regime a article 269 a deals with the tax on goods and services in case of interstate commerce and trade taxes under article 269 a or levied and collected by the union the collected tax is then appropriated between the union and the states the way the collected tax is to be appropriated between the union and the state is decided by the GST council from time to time okay note here that article 269 mainly deals with tax on interstate trade in goods and 269 a deals with tax on interstate trade and commerce of goods and services moving on to article 270 article 270 deals with the taxes that are levied and collected by the union and distributed between the union and the states tax under article 270 includes all the taxes mentioned in the union list except for the taxes and duties mentioned in the article 268 269 and 269 a in addition to the citizen surcharge okay article 270 includes tax like income tax and corporation tax here note that the manner of distribution of net proceeds of these taxes is prescribed by the president on the recommendation of the finance commission then we have article 271 article 271 deals with surcharge of the union the proceedings of the surcharge will be part of the consolidated fund of India then there is article 279 a article 279 a deals with the GST council this article was also added to the constitution through the 101st constitution amendment as per article 279 a the council is chaired by the union finance minister its members include the union state minister of revenue or finance and ministers in charge of finance or taxation of all the states the GST council makes recommendation to the union and states on these issues firstly it can make recommendations on the taxes, services and surcharge that are levied by the union states and local bodies which may be subsumed under GST then it makes recommendations on the goods and services that may be subjected to or exempted from the GST then it will recommend the principles of levy allocation of integrated GST that is IGST next the GST council recommends the limit below which GST will be exempted finally it makes recommendations on any special rate or rates for a specific period this is done to rise additional resources during any natural calamity or disaster so this is about article 279 a under GST council see a discussion about the financial relation between the union and the state is not complete without mentioning the finance commission and article 280 deals with the finance commission according to article 280 the finance commission is constituted by the president every five year it is a quasi judicial body the main purpose of the body is to give recommendations on distribution of tax revenues like how the distribution should be made between the union and amongst the states themselves the constitution basically determines the method and formula for distributing the tax proceeds between the center and the states the finance commission also decides the share of taxes and grants to be given to the local bodies in the states now remember the finance commission has a chairman and four members appointed by the president since they are appointed by the president they serve for the length of time indicated by the president in his order the members of the finance commission are eligible for appointment the government of India provides a necessary support and manpower including a secretary to the commission to facilitate its works these are some basic points about finance commission and article 280 that's all regarding this news article discussion in this news article discussion we focused mainly on financial relations between the union and the states and we also saw the various constitutional provisions that govern the financial relation between the union and the states so with these learnt points now let us move on to the next news article discussion look at this article given here yesterday the loka icta polis arrested a bjp mla of karnataka he was arrested after his anticipatory bail was dismissed by the karnataka high court according to loka icta the mla had demanded 81 lakh rupees bribe to pass a bill and the mla son was caught in his office while accepting 40 lakh rupees out of 81 lakhs this is why the mla got arrested by the loka icta polis this is about the news article given here in this context let us understand the difference between the lokal and loka icta now let's start with the formation of lokal and loka icta see first of all know that both lokal and loka icta were established under the lokal and loka icta act 2013 so both of them are statutory body and since they don't have any constitutional status they are non-constitutional bodies okay now talking about the mandate both lokal and loka ictas are mandated to inquire into allocation of corruption charges that are made against public functionaries here the term public functionaries means that the person who are falling within the ambit of the lokal and loka icta act 2013 now particularly talking about lokal lokal was established at the union level it inquires into allegations of corruption charges that are made against former and current central government executives and employees they include the prime minister union government ministers members of parliament group ab cnd officers and other officials of the union government so you can even rise a compliant about prime minister in lokal apart from this functionaries of any body corporate society trust or autonomous body that was established by an act of parliament or wholly or partly funded by union or state government they are also covered under the ambit of lokal in addition to this lokal also covers any society or trust or body that receives foreign contribution above 10 lakh rupees now coming to loka icta loka icta were established at the state level to inquire into allegations of corruption charges that are made against former and current state government executives and employees the jurisdiction of loka icta is not the same in all states in some states apart from state government officials the c m and state ministers were also brought under the ambit of loka icta that is in some states the c m and ministers were excluded from the ambit of loka icta now moving on to see about the membership let's start with lokal the lokal consists of a chairperson and not more than eight members talking about the qualification of the chairman chairman shall be the president of former chief justice of india or the present or former judge of the supreme court or an eminent person with integrity and outstanding ability and he or she must possess special knowledge and a minimum experience of 25 years in matters relating to anti-corruption policy public administration vigilance finance including insurance and banking then law and management so this is about the qualification of chairman of lokal now talking about the qualification of the members see 50 percentage out of the total members shall be judicial members the judicial members must be either a former judge of the supreme court or a former chief justice of the high court the remaining 50 percentage have to fulfill the eligibility conditions same as an eminent person which i mentioned earlier okay also know that at least half of the lokal members must be from scheduled cast scheduled tribes other backward classes minorities and women this is all about the membership of lokal now coming to lokal icta as i mentioned earlier lokal icta were established at the state level the structure of lokal yuktas is not the same in all the states some states have created only lokal yukta whereas some states have created both lokal yukta and upal lokal yuktas apart from this some states have designated some officials as lokal yukta so the structure is not the same in all the states note that in some states the lokal yukta would consist of chair person and some members so this is all about the membership now moving on to say about the appointment of the members in lokal the chair person and the members are appointed by the president on the recommendation of a select committee the select committee consists of the chair person and some other members they include the prime minister who act as the chair person of the select committee then the members include the speaker of loksaba leader of opposition in the loksaba or the leader of single large opposition party in the loksaba chief justice of india are a judge of a supreme court nominated by cji one eminent jurist now talking about the appointment of lokal yukta members as i said earlier the structure of lokal yukta is not the same in all the states in case if the states is having lokal yukta the chair person and members are appointed by the governor of the respective state the members are appointed based on the recommendation of a select committee the select committee consists of the chief minister as the chair person and the other members includes the speaker and leader of opposition in the legislative assembly for states that have a legislative council the select committee should also include the chairman and the leader of opposition in the legislative council note that while selection the chief minister has to consult with the chief's justice of the high court okay that's all regarding this news article discussion in this news article discussion we saw in detail about lokal yukta and lokal and we saw the difference between both the bodies so with these learned points now let us move on to the next news article discussion now take a look at this news article according to the news article the securities exchange board of india that is sebi has been given responsibility by the government for overseeing the actions of market index providers this step has been taken due to the worries about the security of savings held by passive investors in funds linked to indices that have added or kept a number of adhani group stocks okay now the issue here is not relevant to our examination instead let us revise basic facts about sebi see the securities and exchange board of india was constituted as a non-statutory body on april 12 1988 through a resolution of the government of india in the year 1992 sebi was established as a statutory body okay so at the beginning itself it is not a statutory body later it became a statutory body by enacting of securities and exchange board of india act 1992 okay now why was it established firstly sebi was introduced to develop transparency in the indian stock market secondly to protect the interest of investors issuers of securities and other market participants to protect them sebi is provided with the authority to check the account books of stock exchanges and audit the books of market intermediaries like companies banks and registered brokers so this is why sebi was introduced and these are the objectives of sebi now talking about its structure sebi consists of nine members a chairman who is selected by the union government then two representatives from the union finance ministry one representative from the rba and the remaining five members are selected by the union government of india so with this information now let us see the powers of sebi see sebi has three key powers in stock market they are legislative power executive power and judicial power now let us see them one by one firstly let us see the powers of sebi as quasi-judicial body see as a quasi-judicial body it has the authority to deliver judgments related to fraud and unfair activities secondly as a quasi-executive body sebi executes rules and regulations to safeguard the interest of investors now thirdly as a quasi-legislative body sebi has rights to frame guidelines like trading guidelines disclosure requirements and listing obligations etc so these are the powers of sebi now finally before concluding our discussion let us see some of the functions of sebi firstly it encourages the development of the stock market and controls the market activities secondly it offers a platform for investment advisors portfolio managers merchant bankers underwriters bankers and other associated participants thirdly it regulates the working of depositaries and foreign portfolio investors fourthly it prevents insiders trading and any unfair trade practices in the stock market fifthly it prohibits price manipulation of stocks in the securities market sixthly it updates investors about various cautions through media they also educate investors by conducting online and offline classes to provide market insights now finally sebi regulates the merger and acquisition of companies so these are all some of the important facts that you have to remember about sebi with these learned points now let us move on to the next news article discussion look at this news article it says that some prominent muslim leaders and intellectuals have written a letter to the rastreya svayam sevak sank that is rss the letter was written to inform the organization that that have been continued instances of hate speech against the minority community so in this context let us use this opportunity to learn about hate speech laws in india first of all what is hate speech according to 267th report of the law commission of india hate speech is stated as an incitement to hatred primarily against a group of people defined in terms of race ethnicity gender sexual orientation religious belief under like so hate speech is any word written or spoken science or visible representations that have the intention to incite violence now in india we have some provisions to curtail the hate speech firstly hate speech can be curtailed under article 19 clause 2 on the grounds of public order incitement to offense and security of the state then we have some sections in the ipc to punish hate speech first is section 295 a of the ipc it lays down the punishment for the deliberate and malicious acts that are intended to outrage religious feelings of any class by insulting its religion or religious beliefs so this is one of the hate speech laws in india this law prohibits blasphemy against all religions in india what is blasphemy blasphemy is a speech crime and religious crime it is usually defined as an act that disrespect or insult a deity or disrespects the sacred belief of a religious community then we have section 153 a under this section promotion of enmity between different groups on grounds of religion race place of birth residence language etc and doing acts prejudicial to maintenance of harmony is an offense punishable with three years imprisonment know that it attracts a five year term if the action is committed in a place of worship or in an assembly engaged in religious worship or religious ceremonies then we have section 505 here there are two subsections section 505 1 and 505 2 and the section 505 1 the statement publication report or rumor that is penalized should be the one that promotes mutiny by the armed force that is it causes the armed forces to rebel against the state or causes such fear or alarm among the people so that the people are induced to commit an offense against the state or an action which is intended to incite any class or community to commit an offense against another class or community that is when an action of a person incites community a to exhibit violence against community b so this attracts a jail term of up to three years then under article 505 clause 2 it is an offense to make statements creating or promoting enmity hatred or ill will between classes and under a subsection 3 the same offense will attract up to a five-year jail term if the offense takes place in a place of worship or in any assembly engaged in religious worship or religious ceremonies so these are the main provisions against hate speech in India make a note of all these you can use it in your main sansa so these we came to the end of this news article discussion in this news article discussion we saw in detail about the provisions against hate speech so these learned points now let us move on to the next part of the news article discussion which is the preliminary practice question discussion now look at this first question this question is about fdi statement one fdi helps bring better management skills and technology statement two fdi is considered to be more stable and statement three fdi's focus is mainly in the financial assets see here both the first statement and second statement is actually correct as we saw in the discussion fdi helps bring better management skills and technology and it is also more stable than fbi so the first and second statement all right but the third statement is incorrect here in case of fdi the focus is not just on the financial assets but also the physical assets and taking over the day to day operation so here the correct answer for the question is option a 1 and 2 only because the third statement is incorrect here moving on this question is about hate speech statement one representation of people's act 1951 rpa prevents a person convicted of the illegal use of the freedom of speech from contesting an election this statement is actually correct second statement in straya single versus union of india case supreme court upheld section 66 a of the information technology act 2000 relating to restrictions on online speech actually this statement is incorrect in straya single versus union of india case the supreme court struck down section 66 a of the information technology act 2000 relating to restriction on online speech as unconstitutional on grounds of violating the freedom of speech guaranteed under article 19 clause 1 a of the constitution of india so the correct answer for the question is option a 1 only now moving on two statements are given you have to find the incorrect statement here statement one gulf of alet connects israel with red sea this statement is actually correct look at the map gulf of aquaba only is called us gulf of alet so this statement is correct statement two dead sea is bordered by israel syria and jordan see this statement is actually incorrect you can see the map here dead sea is bridged between jordan and israel syria is nowhere near dead sea so the correct answer for the question is option b 2 only okay now moving on this question is about lokpal and lokayekta statement one the act states that all public officials need to furnish assets and liability of their own as well as their respective dependence this statement is actually correct as per lokpal and lokayekta act all public officials need to furnish their own assets and liabilities as well as their respective dependence statement two as per the act the lokpal possesses the power to super indents over the cbi this statement is also correct as per the act the lokpal possesses the power to super indents over the cbi it also has the authority to give directions to the cbi if a case is referred to cbi by the lokpal then the investigating officer in such a case cannot be transferred without the prior approval of the lokpal also the powers of a civil court has been vested with the inquiring wing of the lokpal okay so this statement is actually correct now look at this third statement as per the act the lokpal cannot have the power to confiscate assets proceeds and benefits arisen out of corruption see this statement is technically and logically incorrect okay the lokpal possesses power regarding the confiscation of assets proceeds receipts and benefits arisen are procured by means of corruption in special circumstances it also has the power to make recommendations regarding the transfer or suspension of public servants connected with the allocation of corruption okay so here since the question is asking for the correct statement the correct answer for the question is option a one and two only because third statement is incorrect here now moving on this question is about veto power statement one president cannot reject or return a constitutional amendment bill see this statement is actually correct the president must give his assent to the constitution amendment bill he can neither withhold his assent to the bill nor return the bill for reconsideration of the bill now the second statement says that the government cannot return a money bill to the state legislature for reconsideration but president can return a state money bill to the state legislature which has been reserved by the governor for the consideration of the president this statement is incorrect this we saw in the discussion that's right president cannot return state money bill for reconsideration so the question displayed here about the sebi is the quiz question for you today just go through the question try to answer it in the comment section now the questions displayed here are the mains practice questions for you today just go through the question try to write an answer and post it in the comment section with us we came to the end of the news article discussion if you like the video hit like do comment and don't forget to subscribe to shankar ios academy now thank you for listening