In Today’s News:
- Jal Shakti Abhiyan-Catch the Rain
- Electoral bonds
- Trade Deficit widens to $6.3 billion.
1. Jal Shakti Abhiyan-Catch the Rain
Minister of State for Jal Shakti, Shri Rattan Lal Kataria has written personal letters to all MPs, both Lok Sabha and Rajya Sabha, to support the ongoing “Jal Shakti Abhiyan: Catch The Rain”.
Prelims GS – Governance
Jal Shakti Abhiyan- Catch the rain campaign:
- Jal Shakti Abhiyan with the theme- “Catch the Rain where it falls, when it falls’ was launched by Prime Minister Shri Narendra Modi on the occasion of world water day – March 22, 2021.
- The campaign aims at tapping rainwater by constructing artificial recharge structures, revitalizing existing ponds and water bodies, creating new water bodies, provisioning check dams, rejuvenating wetlands and rivers before the onset of the monsoon.
- It is also planned to create a database of all water bodies in the country by geo-tagging them and using this data to create scientific and data-based district-level water conservation plans.
- Jal Shakti Abhiyan: Catch The Rain campaign covers all rural and urban areas of all districts of the country.
- The Jal Shakti Abhiyan-1 of 2019, covered only 1592 water-stressed blocks out of 2836 blocks in 256 districts of the country.
- National Water Mission, under the Ministry of Jal Shakti, is the nodal agency for its implementation.
Click here to view the official PIB release.
2. Electoral bonds
There is a piece of news article related to the Electoral bonds from a political angle. But for the examination, the scheme may acquire importance.
Prelims GS – Governance
Electoral Bond scheme:
- The Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 02nd January 2018.
- As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India.
- A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals.
- Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one percent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the State, shall be eligible to receive the Electoral Bonds.
- The Electoral Bonds shall be encashed by an eligible Political Party only through a Bank account with the Authorized Bank.
- State Bank of India (SBI) has been authorized to issue and encash Electoral Bonds.
- The Electoral Bonds shall be valid for fifteen calendar days from the date of issue and no payment shall be made to any payee Political Party if the Electoral Bond is deposited after expiry of the validity period.
- The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day.
Click here to view the Courtesy: PIB Press Release dated 01-May-2019.
3. Trade deficit widens to $6.3 billion
Imports during the month of May rose to $38.6 billion and exports surged by 69% to $32.3 billion. This led to a trade deficit of $6.3 billion during the month of May.
Prelims GS – Economic Development
- A Trade Deficit is said to occur when the imports done by a country exceed the exports of a country during a given period of time.
- It is also called the Negative Balance of Trade(BOT).
- Trade deficits can help nations to avoid shortages of goods and other economic problems in the short run.
- In the long run, if a country continually runs trade deficits, citizens of other countries acquire funds to buy up capital in that nation.
- This will lead to foreign investors eventually owning nearly everything in the country and it is a disadvantage for the country.
Click here to view more about Trade Deficit on the Courtesy website.
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