Monday, 9 February 2015

7-feb


First meeting of NITI Aayog

1)      The first meeting of NITI (National Institution for Transforming India) Aayog was held on 6 Feb, 2015.

2)      Attention was drawn towards the need for a renewed focus on India’s high-cost, low-productivity farm sector, in addition to the manufacturing sector that is being given a push through the “Make in India” campaign .

3)      The Modi government has not launched any flagship programme for the agriculture sector.

4)      The economists invited to the meeting emphasised the need for the government to work towards high growth, a predictable tax regime, fiscal prudence and rapid infrastructure development.

5)      Meanwhile, the Finance Minister advocated an increase in public spending and tapping domestic savings to finance infrastructural projects.

6)      the Centre has no plans to give the NITI Aayog, planned as a think tank, statutory status.

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'Breakthrough understanding' in civil nuclear cooperation between India and US

1)      the “breakthrough understanding” in civilian nuclear cooperation, which President Barack Obama reached with Indian Prime Minister Narendra Modi is being described as the bilateral understanding that the Indian nuclear liability law was in “alignment” with the Vienna Convention on Supplementary Compensation (CSC).

2)      it was the confluence of liability implications of the Civil Liability for Nuclear Damage Act, 2010 (CLND) and the CSC that comprises the “breakthrough understanding.

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Greenpeace violated Foreign Contribution (Regulation) Act [FCRA] norms

1)      Greenpeace may face action for alleged violation of the law regulating the receipt of foreign contributions i.e. FCRA.

2)      As per FCRA, only 50 per cent of the funds can be spent on administrative costs. Income Tax alleged that Greenpeace India Society spent more than 60 per cent of the funds on recruitment, consultancy and office maintenance.

3)      The society got Rs. 5.59 crore funding for the financial year 2010-11; of this Rs. 5.11 crore was from the Netherlands.

4)      The trust and society are completely different, but money has been used from the trust for the society and vice-versa. The trustees are also members and office bearers of the society.

5)      Faced with a hefty tax demand of Rs. 3.79 crore last year, Greenpeace has paid 50 per cent of the amount and appealed against it.

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Punjab govt approaches SC for reallocation of river waters' share

1)      Citing a drastic reduction in flow in the Ravi- Beas rivers systems and receding groundwater table, Punjab government moved the Supreme Court under Art. 131 of the Constitution, seeking directions for the Union Government to constitute an appropriate tribunal for reallocation river water share which has been disputed and counter claimed by Haryana.

Ø  Art. 131 - Original jurisdiction of Supreme Court

2)      the State Government has sought the setting up of the tribunal under Section 4 of the Inter-State River Water Disputes Act, 1956.

3)      Punjab has also sought a revision in river waters distribution

a)      The present allocation of river waters share is based on the 1981 inter-State agreement.

b)      In 1986, after the Rajiv-Longwal pact, when construction of Sutlej-Yamuna link canal was agreed upon, the Union government had set up the Eradi Tribunal.

c)      The Tribunal allocated 8.60 MAF to Rajasthan, 3.83 MAF to Haryana, 0.20 MAF to Delhi 0.20 MAF, while Punjab and Jammu and Kashmir got 5.00 MAF and 0.65 MAF, respectively.

4)      Punjab Government has contended that circumstances had changed over the years, which was reflected in drastic reduction in the availability of Ravi-Beas waters from 17.17 MAF to 13.38 MAF based on 1981-2013 flow series.

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