‘Present laws adequate to deal with defaulters’

‘Present laws adequate to deal with defaulters’ Context: Cabinet approves Fugitive Economic Offenders Bill to deal with those escaping overseas to evade law. National Financial Reporting Authority (NFRA): The Cabinet has also approved the establishment of National Financial Reporting Authority (NFRA), which will act as an independent regulator for the auditing profession which was one… Continue reading ‘Present laws adequate to deal with defaulters’

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Fear of forfeiture

Fear of forfeiture Context: The proposed law to seize the wealth of economic offenders is a welcome measure. Shortcomings of the Previous Laws Legal provisions to confiscate the assets of offenders already exist, but these are regarded as somewhat inadequate. From the provision in the Code of Criminal Procedure for attachment of the property of… Continue reading Fear of forfeiture

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Ministry denies vendetta against Prasar Bharati

Ministry denies vendetta against Prasar Bharati Context: The Prasar Bharati is bound by the government’s general financial rules and must sign a memorandum of understanding (MoU) with the Information & Broadcasting Ministry on financial targets and timelines for activities to use grants in a financial year, the Ministry said. Why in news? The Ministry’s statement… Continue reading Ministry denies vendetta against Prasar Bharati

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KRMB panel allows AP to draw 9 tmc ft water for irrigation

KRMB panel allows AP to draw 9 tmc ft water for irrigation Context: Krishna River Management Board (KRMB) has allowed Andhra Pradesh and Telangana to avail 33 tmcft of Krishna waters till the March-end for meeting immediate irrigation needs. Details: The KRMB has allowed Andhra Pradesh to utilise 9 tmcft and Telangana 24 tmcft water… Continue reading KRMB panel allows AP to draw 9 tmc ft water for irrigation

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‘Gwadar, Chabahar not comparable’

‘Gwadar, Chabahar not comparable’ Context: Former Union Minister Manish Tewari has said that Gwadar port and Chabahar port could not be compared. Points of Differences: The development of the Chabahar port in Iran is a commercial enterprise, On the other hand, development of the Gwadar port in Pakistan by China is a strategic-military enterprise with… Continue reading ‘Gwadar, Chabahar not comparable’

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India to help build nuclear plant in Bangladesh

India to help build nuclear plant in Bangladesh Context India, Bangladesh and Russia have signed a tripartite memorandum of understanding (MoU) for cooperation in the construction of the Rooppur nuclear power plant in Bangladesh. Introduction: The MoU was signed in Moscow by the Department of Atomic Energy of India, the Ministry of Science and Technology… Continue reading India to help build nuclear plant in Bangladesh

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‘Climate change has reduced coral cover’

‘Climate change has reduced coral cover’ Context: According to conservation group WWF India, climate change has resulted in substantial decrease in India’s coral cover and growth n the last two decades Coral diversity in India: Coral diversity and formation of reefs are centred around four major regions: The Gulf of Kutch The Lakshadweep atolls The… Continue reading ‘Climate change has reduced coral cover’

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TB drugs policy to be discussed at meet

TB drugs policy to be discussed at meet Context: Global public health agencies will discuss the Union Health Ministry’s policy on rationing new tuberculosis medicines at a forthcoming meeting in New Delhi. Inadequacy of medicines: The Hindu had earlier reported that advanced patented medicines used to treat Drug Resistant Tuberculosis (DR-TB) are available to only… Continue reading TB drugs policy to be discussed at meet

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