Since the trade balance exports minus imports is generally the biggest determinant of the current account surplus or deficit, the current account balance often displays a cyclical trend.
Statutory, regulatory and various quasi-judicial bodies. The Enforcement Directorate has zeroed in on some non-government organisations NGOs that are suspected to have funded Naxal operatives in Chhattisgarh. The action is being taken following several rounds of multi-agency meetings Current account deficit india devising a coordinated strategy to choke funding to Naxal operatives in various States.
It is a law enforcement agency and economic intelligence agency responsible for enforcing economic laws and fighting economic crime in India.
It is part of the Department of Revenue, Ministry of Finance. Other objectives are primarily linked to checking money laundering in India. ED- composition and objectives. Extremism- spread, challenges, funding and efforts by security forces.
Government policies and interventions for development in various sectors and issues arising out of their design and implementation.
Dam Safety Bill Context: The Tamil Nadu Assembly has unanimously adopted a special resolution urging the Centre to keep the Dam Safety Bill,in abeyance until the concerns raised over the legislation by Tamil Nadu and other States are addressed. Highlights of Dam Safety Bill, The Bill provides for proper surveillance, inspection, operation and maintenance of all specified dams in the country to ensure their safe functioning.
The Bill provides for constitution of a National Committee on Dam Safety which shall evolve dam safety policies and recommend necessary regulations as may be required for the purpose. The Bill provides for establishment of National Dam Safety Authority as a regulatory body which shall discharge functions to implement the policy, guidelines and standards for dam safety in the country.
Functions of the National Dam Safety Authority: It shall maintain liaison with the State Dam Safety Organisations and the owners of dams for standardisation of dam safety related data and practices.
It shall provide the technical and managerial assistance to the States and State Dam Safety Organisations. It shall maintain a national level data-base of all dams in the country and the records of major dam failures.
It shall examine the cause of any major dam failure. It shall publish and update the standard guidelines and check-lists for the routine inspection and detailed investigations of dams and appurtenances. It shall accord recognition or accreditations to the organisations that can be entrusted with the works of investigation, design or construction of new dams.
It will also look into unresolved points of issue between the State Dam Safety Organisation of two states, or between the State Dam Safety Organisation of a State and the owner of a dam in that State, for proper solution.
Further, in certain cases, such as dams of one State falling under the territory of another State, the National Authority shall also perform the role of State Dam Safety Organization thereby eliminating potential causes for inter-state conflicts.
Need for a legislation: There are over large dams in India and about are under construction. Plus there are thousands of medium and small dams. Due to lack of legal and institutional architecture for dam safety in India, dam safety is an issue of concern.
Unsafe dams are a hazard and dam break may cause disasters, leading to huge loss of life and property. For Prelims and Mains: Highlights of the Bill and key functions of the National Dam Safety Authority, concerns expressed by states over the Bill.
India and its neighbourhood- relations. The proposed project will be financed by heavily-subsidised loans, that will be disbursed to the Government of Pakistan by Chinese banking giants such as Exim Bank of China, China Development Bank, and the Industrial and Commercial Bank of China.
But, why is India concerned? Besides, India shares a great deal of trust deficit with China and Pakistan and has a history of conflict with both. Only by respecting the sovereignty of countries involved, can regional connectivity corridors fulfil their promise and avoid differences and discord.
China is a country which is very sensitive on matters concerning its sovereignty. Meanwhile, India must uphold its specific reservations on the project and draft a strategy to revert suitably in case CPEC is offered formally through official channels.Sep 07, · Watch video · India’s current-account deficit widened in the April-June quarter from a year ago, on account of a larger trade gap.
The $ billion . The Office of Public Affairs (OPA) is the single point of contact for all inquiries about the Central Intelligence Agency (CIA). We read every letter, fax, or e-mail we receive, and we will convey your comments to CIA officials outside OPA as appropriate.
Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.
International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates. The latest MENA Economic Monitor Report - Spring , expects Libya’s fiscal and current account deficits to continue in , with the budget deficit at about 60 % of GDP and the current account deficit at 70 % of GDP.
A nation’s current account balance is influenced by numerous factors – its trade policies, exchange rate, competitiveness, forex reserves, inflation rate and others.