DAILY NEWS ANALYSIS
23 June, 2020
2 Min Read
Source: PIB
20 June, 2020
5 Min Read
Source: TH/WEB
15 February, 2020
3 Min Read
Syllabus subtopic: Functions and Responsibilities of the Union and the States, Issues and Challenges Pertaining to the Federal Structure, Devolution of Powers and Finances up to Local Levels and Challenges Therein.
Prelims and Mains focus: about the highlights of the assessment report; about NIPFP; about finance commission
News: The Union Territory of Puducherry was entitled to Rs.2,731 crore for the current fiscal from the Centre than the actual allocation of Rs.1,545 crore, according to an assessment report prepared by the National Institute of Public Finance and Policy (NIPFP), a Central government organisation.
Background
The assessment was done against the backdrop of Union Territories not coming under the purview of the Finance Commission recommendations for devolution of funds
What did the assessment report say?
Revenue shortfall in Puducherry
About NIPFP
Source: The Hindu
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New START Treaty Recently, due to western sanctions, Russia halted inspections under the new START treaty. About New START Treaty The New START treaty, signed in 2010 by President Barack Obama and Russian President Dmitry Medvedev, limits each country to no more than 1,550 deployed nuclear warheads and 700 deployed missiles and bombers,
Palestine - Israel Ceasefire Recently, there was a ceasefire between Israel and Palestine following three days of fighting that claimed the lives of hundreds of people in both nations. Tensions between Palestinians and Israeli police erupted at Jerusalem's al-Aqsa Mosque earlier this year as well. Recent conflict Since Israe
India’s Tourism Market In 2024, India's outbound tourism will exceed USD 42 billion, according to a report recently published under the title "Outbound Travel and Tourism - An Opportunity Untapped.", released by Nangia Andersen LLP in association with FICCI. Traveling "outside" of one's native country for tou
Food Processing Sector The government's recent efforts to help the food processing sector were recently detailed in a written response to the Rajya Sabha Minister of State (Food Processing Industries). Present status of the food sector in India A type of manufacturing called food processing uses science and technology to transform
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