Hindu Editorial Analysis 19th December 2017

Hindu Editorial Analysis 19th December 2017 - Dailygkaffairs

For A Safe CyberSpace :-

Context :-

  • India is one of the key players in the digital and knowledge-based economy, holding more than a 50% share of the world’s outsourcing market.
  • Pioneering and technology-inspired programmes such as “Aadhaar, MyGov, Government e-Market, DigiLocker, Bharat Net, Startup India, Skill India and Smart Cities” are propelling India towards technological competence and transformation.
  • India is already the third largest hub for technology-driven startups in the world and its Information and Communications Technology sector is estimated to reach the $225 billion landmark by 2020.

Problems ahead :

  • Innovation in technology
  • Enhanced connectivity
  • Increasing integration in commerce and governance
  • India is  the fifth most vulnerable country in the world in terms of cybersecurity breaches, according to the Internal Security Threat Report of 2017 by Symantec.
According to the Indian Computer Emergency Response Team’s report till June 2017, there were 27,482 cyber security threats had been reported in the country,  As this is a 23% increase from 2014 figures, it coincides with rapid growth and innovation in the ICT sector.

The second Global Cybersecurity Index, released by the International Telecommunication Union in July, which measured the commitment of nations to cyber security, found that India ranked 23 out of 165 nations.

Types of Attacks we are facing :-

  • Ransomware attacks have been the most common in the last few years (Ransomware is a type of software that threatens to publish a person’s data or block it unless a ransom is paid). There were so many Ransomware attacks that made news globally were
    – WannaCry
    – Petya
    – Locky
    – Cerber
    – Bucbi
    – SharkRaaS
    – CryptXXX
    – SamSam.
  • Data Stolen :- In India, in May 2017, a data breach at the food delivery App, Zomato, led to personal information of about 17 million users being stolen and put for sale on the Darknet.
  • There are operating systems which are most vulnerable to cyber attacks like Windows and now there are number of Android threats have also been reported in the last couple of years, including potent crypto-ransomware attacks on Android devices.

What India needs to do to tackle this problem of cyber attacks & What steps have been taken by Govt ?

  • India needs to quickly frame an appropriate and updated cybersecurity policy
  • Create adequate infrastructure and foster closer collaboration between all those involved to ensure a safe cyberspace.

Steps took by Govt :-

  • Govt has announced that it will award a grant worth 5 crore to startups working on innovations in the field of cyber security.
  • Even in Global Conference on Cyberspace 2017, Minister of Communications Manoj Sinha has said that there must be enhanced cooperation among nations and reaffirmed a global call to action for all United Nations member nations to not attack the core of the Internet even when in a state of war.
  • At the 15th Asia Pacific Computer Emergency Response Team conference in Delhi, Minister for Electronics and Information Technology Ravi Shankar Prasad highlighted the need for robust cyber security policies and frameworks.
Conclusion :- This also clearly emphasises the fact that more than ever before, there is a need for a Geneva-like Convention to agree on some high-level recommendations among nations to keep the Internet safe, open, universal and interoperable.

Focus on Income Mobility :-

Context :- 

The World Inequality Report 2018 released by the World Inequality Lab last week says that income inequality in India has increased since economic liberalisation.

Situation so far :-

  • Rich and the middle class control a major share of the world’s resources, which consequently is not available to the poor.
  • They enjoy higher incomes from better jobs and investments, which allows them to outbid the poor to purchase various goods.

Many critics suggests that the rich get richer at the expense of the poor, so there should be more taxes on rich so there will be income equality between rich & poor. But it is not true, lets understand how :-

  • When taxes are high on people (rich people), who help produce the goods that the rich and the middle class enjoy today will have less of an incentive to do their jobs as before.
  • Workers, for instance, may no longer be attracted towards high-skill jobs when their income from such jobs is taxed at high rates.
  • Investors too will have lesser reason to put in their money in crucial projects when their profits are taxed at high rates.
  • In fact, India before economic liberalisation faced this problem when it tried to tax its way to prosperity.

Study shows that :-

  • Income inequality will always exist in a market economy where people are allowed to engage in free exchange and earn incomes according to their personal capabilities.
  • The higher incomes of the rich and the middle class do not last forever in a marketplace that is free of legal entry barriers. More people will be attracted towards professions and businesses that offer higher returns, which in turn will drive up the incomes of the new entrants while driving down the returns of incumbents.
Conclusion :- 
What govt needs to look beyond taxes and handouts is to ensure social goods — education and healthcare — for all in order to level the playing field.

 

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