Budget 2019

Budget 2019

The Constitution, under Article 112, refers to the Budget in India as the ‘annual financial statement’. In other words, the term ‘budget’ has nowhere been used in the Constitution. The budget is a statement of the estimated receipts and expenditure of the Government of India in a financial year, which begins on 1 April and…

The Global Nutrition Report 2018

The Global Nutrition Report 2018

International Food Policy Research Institute (IFPRI) released the Global Nutrition Report 2018, highlighting the poor status of nutrition in India. About: “Hunger is quiet violence” — Amratya Sen Findings of the Report: • With 46.6 million children who are stunted, India holds almost a third of the world’s burden for stunting. • India also accounted…

ILO Global Wage report 2018-19

ILO Global Wage report 2018-19

According to the International Labour Organisation (ILO) Global Wage report 2018-19, India has recorded the highest average real wage growth in South Asia during 2008-17. About: • The report highlighted that the global wage growth in 2017 was not only lower than in 2016, but fell to its lowest growth rate since 2008, remaining far…

Cash Transfer Model for Power Sector

Cash Transfer Model for Power Sector

As per recently released World Bank Report, India needs investment and reform to target inefficiency in entire electricity supply chain to boost and sustain its energy supply. About: • According to the World Bank report, ‘In the Dark – How much do power sector distortions cost South Asia’, the distortions in power sector impose a…

ENSURE Portal

ENSURE Portal

An online portal “ENSURE” has been launched to ease the subsidy payment in the livestock sector through Direct Benefit Transfer (DBT). About: • Recently, Ministry of Agriculture has launched a portal ‘ENSURE’ under Entrepreneurship Development and Employment Generation (EDEG) component of National Livestock Mission. • It is developed by NABARD and operated under the Department…

Insolvency and Bankruptcy Code, 2016 (IBC)

Insolvency and Bankruptcy Code, 2016 (IBC)

NCLT, while hearing a case, has given the powers related to resolution or liquidation to the CoC under the Insolvency and Bankruptcy Code, 2016 (IBC). About: • National Company Law Tribunal (NCLT) was hearing a case related to Ashok Magnetics, which was brought under insolvency proceedings last year. • The company owed almost Rs 13…

Food Sustainability Index (FSI)

Food Sustainability Index (FSI)

France has topped the Food Sustainability Index (FSI), 2018 while India is poorly placed. About: • The Food Sustainability Index (FSI) is a global study on nutrition, sustainable agriculture and food waste which collects data from 67 countries across the world to highlight best practices and key areas for improvement in relation to the food paradoxes…