CAO The Hindu NOTES – 2nd Mar, 2018 (Daily News Paper Current Affairs Analysis)
Date:- 2nd Mar 2018
ASSETS OF FUGITIVE ECONOMIC OFFENDERS WILL BE SEIZED (GS 2 POLITY)
In the Back drop of Nirav Modi scam, he Union Cabinet on Thursday approved the introduction of the Fugitive Economic Offenders Bill, 2018, in Parliament.
The move is aimed at giving the government more powers to bring fugitive economic offenders to book by attach properties of such offenders, both within the country and overseas.
The Bill proposes to be made applicable for all offences where the monetary value exceeds Rs100 crore. All individuals eluding the Indian legal process on the date of the enactment of the law will come under the ambit of the law, thereby ensuring that existing fugitives are covered.
A person would be considered fugitive under the law if an arrest warrant has been issued by a competent court but the person has left the country to escape prosecution.
As per the provisions of the bill, the government will be able to confiscate all the assets of an offender both within and outside the country and the confiscation will not be limited to properties that are proceeds or profits of the crime.
The bill also aims to seek international cooperation for confiscation of overseas assets
The government also decided to set up a National Financial Reporting Authority (NFRA) to frame rules governing the conduct of chartered accountants and auditors. It is intended to act as an independent regulator for the auditing profession, in line with one of the key changes that has been made in the Companies Act, 2013
CONGRESS BOYCOTTS LOKPAL SELECTION PANEL MEETING (GS 2 POLITY)
Mallikarjun Kharge, leader of the Congress party in Lok Sabha on Thursday boycotted a meeting of the committee that will select or Lokpal, in protest against being asked to attend as a “special invitee”.
The Congress has been demanding that the government amend the Lokpal Act to state that in the absence of a recognised Leader of the Opposition, the leader of the single largest party in the Opposition will be included in the panel to appoint the Lokpal.
The ‘Lokpal’ is the central governing body that has jurisdiction over all members of parliament and central government employees in case of corruption
It is to be a multimember body, made up of one chairperson and maximum of 8 members.
The members are to be appointed by President on the recommendations of a selection committee. This selection committee is made up of:-
- Prime Minister—Chairperson;
- Speaker of Lok Sabha
- Leader of Opposition in Lok Sabha
- Chief Justice of India or a Judge nominated by him / her
- One eminent jurist
According to the act, the Lokpal would constitute an Inquiry Wing and a prosecution wing
The appointment of Lokpal has been pending since the NDA government came to power. The government’s hesitance to accept an opposition leader in Lok Sabha has led to a situation where by the quorum of Selection panel could not be fulfilled.
NBA CALLS FOR PLAN TO MANAGE IMPORT OF EXOTIC FISH (GS 3 ENVIRONMENT)
The National Biodiversity Authority (NBA) has urged the government to regulate the import of ornamental fishes to the country.
Import of ornamental fishes to the country often in species which are not permitted to be imported is posing a threat to India’s native fish populations as they often turn out to be invasive species.
The huge market for Invasive Alien Species (IAS) is turning out to be major threat to India’s aquatic biodiversity
What is an invasive species
A species is termed invasive if it’s previously absent in that ecosystem and has been introduced in that area from outside mostly by human intervention. A common trait is the presence of some trait absent in local fauna or flora which enables it to have a competitive edge over the native species and tend to replace the native species in a small time frame thus damaging the ecology of the region.
The NBA is a Statutory, Autonomous Body and it performs facilitative, regulatory and advisory function for the Government of India on issues of conservation, sustainable use of biological resources and fair and equitable sharing of benefits arising out of the use of biological resources.
At the national level, National Biodiversity Authority (NBA) was established by the Government of India in October, 2013 at Chennai under the Biological Diversity Act while the State Biodiversity Boards (SBB) are to be established by the State Governments
NBA is trying to bring out a national list of IAS under the Centre for Biodiversity and Policy and Law. And it is high of significance as scientists and experts in the country are still divided over the number of IAS and their economic and ecological impact.
CEBPOL is a bilateral collaboration between the Indian and Norwegian governments, and focuses on biodiversity policies and laws.
NO EXPENDITURE CUT IN FY’18 TO MEET FISCAL DEFICIT TARGET (GS 3 ECONOMY)
The government has ruled out an expenditure cut in 2017-18 to meet fiscal deficit target of 3.5% of GDP.
Central government has been quoted that ‘There is no expenditure cut. There has been a policy, there will not be any expenditure cut’. The government will meet the revised fiscal deficit target of 3.5% through Revenue buoyancy through indirect tax collection
Earlier the risk of the government breaching its fiscal deficit target of 3.2% of gross domestic product (GDP) in the fiscal year ending March 2018 increased significantly as it exhausted 112% of its Rs5.5 trillion full-year fiscal deficit by November-end due to lower-than-expected revenue collections and higher revenue expenditure. And then the government had revised upwards the fiscal deficit at Rs. 5.95 lakh crore or 3.5% of GDP in the Union Budget 2018-19 but Fiscal deficit has touched Rs. 6.77 lakh crore at the end of January 2018
RURAL ODISHA CELEBRATES FOLK CULTURE (GS 1 CULTURE)
Odisha is famous for its traditional folk culture. Holi and Dola Purnima celebrations in rural areas of Ganjam district in Odisha lights up the celebration of these folk culture . This week-long celebrations keep folk traditions alive.
It also known as Dola Yatra, a five day long Dola Purnima is a festival celebrated with pomp and fervor across the state. Followed by Dola Purnima comes Holi. The celebration is mostly celebrated in Villages where Idols of Krishna and Radha come to a common place.
Some important folk arts of ODISHA are
- Chhau Dance: It has developed into an intricate and highly stylised form of dance over the ages. The dance arrays from celebrating martial arts, acrobatics and athletics presented in cheerful themes of a folk dance, to a structured dance with religious themes found in Shaivism, Shaktism and Vaishnavism.
- Danda Nata: Danda Nata or Danda Jatra is one of the most significant traditional dance festivals arranged in dissimilar parts of South Odisha and mainly in the Ganjam District. Danda begins on an auspicious day before the Chaitra Sankranti or Meru Parba with traditional worship and fasting. Only males take part in this festival. The participants are known as the ‘Bhoktas’. Jatra: Jatra is a popular folk-theatre form of Bengali theatre as well as in Odisha. Jatras are generally the classic four-hour-long plays, headed by a musical performance often which attracts audience
- Leela: This is presented mainly on the event of Holi and Rasa Purnima. People in the village communities in certain parts of Odisha join in singing and dancing to the addition of mridanga and cymbals.
- Pattachitra: Pattachitra is a picture painted on a piece of cloth. This form of art is intimately related to the cult of Shri Jagannath and the temple traditions in Puri. Pattachitra is mainly an icon painting.
- Brass and Dhokra Works: It is a very old form of craft that is still practiced in some parts of Odisha. Dhokra or bell metal craft is a tribal craft that joins metallurgical skills with wax technique to create things of individual beauty.