25 August, 2020

  • DNA Technology Regulation Bill, 2019 (Science & Technology)
  • India does need a Fiscal Council (Editorial) (Economy)
  • Palestine, now a footnote (Editorial) (International Relations)
  • The challenge of catching elusive taxpayers (Editorial) (Economy)
  • Back and forth (FATF) (International Relations)
  • Reversing health sector neglect with a reform agenda (Editorial)
  • About Bonda people (Social Issues)
  • QOD

Prelims Quiz

    Solution.

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    Description

    DNA bill can be misused, flags draft report + Parliamentary panel calls DNA bill premature

    Currently, the use of DNA technology for identification of individuals is not regulated.  In the past, several expert groups including the Law Commission, have looked at the use and regulation of DNA technology.  The Commission submitted its report as well as a draft Bill in July 2017.2   In this context, the DNA Technology (Use and Application) Regulation Bill, 2018 was introduced in Lok Sabha on August 9, 2018.  The Bill regulates the use of DNA technology for the purpose of identification of persons in criminal and civil matters.   

    • Highlights of the Bill
    • Issues raised in the draft bill

     

    India does need a Fiscal Council

    One standout feature in much of the discussion around the Union budget this year—both before and after the budget—has been the concern with the credibility of the budget numbers.

    The fiscal situation in India has been under severe stress even before COVID-19 and the novel coronavirus pandemic has only worsened it.

    • Need for transparency
    • Recommendations of 13th Finance Commission
    • Recommendations FRBM Review Committee
    • Recommendations 14th Finance Commission
    • The mandate
    • Diverse role, more acceptance
    • The important tasks of these IFIs include
    • The final word

     

    Palestine, now a footnote

    • Israel – UAE Agreement
    • Iran factor in bringing the Israel and UAE closer
    • Palestinian issue has become a non-issue in the region

     

    The challenge of catching elusive taxpayers

    Expenditures related to the pandemic are ballooning. There are committed expenditures which cannot be curtailed. But India’s tax collection is set to decline sharply this year because of the decline in national income and fall in employment due to COVID-19. Thus, the fiscal deficit in the budget is set to rise.

    So, there is no option but to try and collect more taxes. In this context, the Prime Minister unveiled income tax reforms to make the system faceless, painless and seamless.

    • The current status of payment of tax in India
    • Recent government effort to increase the tax-to-GDP ratio
    • The government has decided to computerise the process of taxation
    • Appeal by the author to the rich

     

    Back and forth

    Pakistan was earlier placed on the grey list by the FATF in June last year for failing to curb anti-terror financing. It has been scrambling in recent months to avoid being added to a list of countries deemed non-compliant with anti-money laundering and terrorist financing regulations.

    • About Financial Action Task Force (FATF)
    • Objectives of FATA
    • FATF ‘40+9’
    • Mutual Evaluations
    • FATF Listings

     

    Virus breaches another wall, four Bondas test positive

    The COVID-19 pandemic has reached the Bondas, a tribal community residing in the hill ranges of Malkangiri district in Odisha. Four members of the community have tested positive for COVID-19. They have been isolated from the rest of the community members.

    Bondas, a particularly vulnerable tribal group (PVTG), live in settlements comprising small hutments in the hills of the Khairaput block. Their population is around 7,000.

    • Munda ethnic group
    • Bonda Language
    • Isolated location
    Comments

    Dharmendra Kumar 3 months ago

    Explanation of q no 3 isis contradicto sir

    Vishal Gohil 3 months ago

    Question 3's ans explanation has minor issue, Question 2 is poorly framed as financial crime is also a crime eventually.

    Khushboo 3 months ago

    Targets of FRBM Act : 
    1. keep fiscal deficit at 3% of GDP
    2. eliminate revenue deficit
    3. no deficit monetisation by RBI
    4. 3 documents to be presented by the govt along with the annual budget statement : 
    • Medium term fiscal policy statement
    • Fiscal Policy strategy statement
    • Macroeconomic framework statement
    Besides , the concept of effective revenue deficit was also introduced by an amendment



    Srinanda Das 3 months ago

    Qs 3 has an issue. Money laundering,financial crimes are also crimes ,sir. Then why is option 2 incorrect?