14 February, 2020
2 Min Read
Syllabus subtopic: Appointment to various Constitutional Posts, Powers, Functions and Responsibilities of various Constitutional Bodies.
Prelims and Mains focus: about the new panel to be set up and their mandate; about FFC; CAG; FRBM act
News: The Fifteenth Finance Commission (FFC) will soon set up a panel to address issues related to fiscal policy for both the Centre and the States, and present a road map for the same.
About the new fiscal panel/committee
Panel on Defence & Internal security
Does India require a new legal framework for fiscal consolidation?
According to the FFC, there wasn’t a need for a new legal framework as the FRBM already gives a robust legal framework, except for the fact the States need to align their own FRBM with the new FRBM enacted by the Union Government with the amendments to the earlier one in 2018. Also, there is a need to ensure there is strict compliance on the issues of off-Budget borrowing, contingent liabilities, etc
Source: The Hindu
India and Bangladesh Relations News: The 4th India-Bangladesh Annual Defence Dialogue, which was recently held in Delhi, decided to intensify the cooperation between the two-armed forces. Highlights Military training The discussions focused on the current bilateral training and exercises, and it was decided to make them more challeng
Digital Currency Over 7% of India's population possessed digital currency in 2021, according to a recent report by the United Nations Trade and Development Body (UNCTAD). Additionally, India was rated eighth in terms of population ownership of digital currencies among the top 20 economies worldwide. HIGHLIGHT When it comes to
Booster Dose: Corbevax According to a recent announcement from the Indian government, persons who have already taken Covishield or Covaxin as their first or second dosage of Covid-19 may take Corbevax as their third booster shot. Corbevax is still seeking the Emergency Use Listing (EUL)from the World Health Organization Up until this poin
Mid-day Meal Scheme There is recent proof that children who receive eggs as part of midday meals have a considerable boost in their growth, according to a study commissioned by the Karnataka government. About the recent study While the request to include additional dist
Declining Mangrove Cover NASA recently brought attention to the disappearance of mangroves on Katchal Island, which is a part of India's Nicobar archipelago. Findings Of NASA Mangrove loss: The study revealed how much of the world's mangroves have disappeared during the last two decades. On August 8, 2022, the NASA Earth
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