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Uttarakhand flood: 2019 study warned Himalayan glaciers melting at alarming speed

-PTI/ The Hindu The 2019 study, spanning 40 years of satellite observations across India, China, Nepal and Bhutan, indicates that climate change is eating the Himalayas’ glaciers, the researchers said. As a part of the Nanda Devi glacier broke off in Uttarakhand’s Chamoli district on Sunday, leading to massive floods, a study published in 2019 had warned that Himalayan glaciers have been melting twice as fast since the start of this century...

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Fiscal indicators of Tamil Nadu deteriorated drastically: Finance Commission

-The Hindu ‘It moved from a revenue surplus to a revenue deficit State’ Chennai: Tamil Nadu’s fiscal indicators have deteriorated drastically from 2012-13 to 2018-19 and most borrowings in the recent years have gone to fund its revenue deficit, instead of capital expenditure, the 15th Finance Commission report tabled in the Parliament recently said. Tamil Nadu moved from a “revenue surplus” to a “revenue deficit” State after 2012-13, it noted. A revenue deficit...

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Jamtara turns a page with public library movement -Satyasundar Barik

-The Hindu Infamous as Jharkhand’s hub of online frauds, the tiny district now has 45 public libraries diverting youth away from cybercrime BHUBANESWAR: The library movement in Jharkhand’s Jamtara district got off to a flying start with public libraries developed in a short span of time receiving a steady inflow of students from different age groups. Jamtara’s love for books assumes huge significance as it has the dubious distinction of being the “phishing...

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NK Singh, chairman of the 15th Finance Commission, interviewed by Zia Haq (Hindustan Times)

-Hindustan Times The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts. The Constitution, through Article 280 to 281, provides for finance commissions every five years as a mechanism for sharing of taxes and revenues vertically between the Centre and states; and horizontally among all states, based on levels of development, demographic...

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TV Somanathan, Expenditure Secretary in the Ministry of Finance, interviewed by Vikas Dhoot (The Hindu)

-The Hindu Even with closures, capex exceeded plan, says Expenditure Secretary Expenditure Secretary T.V. Somanathan said the government has been very careful and realistic in its expenditure and receipts projections for 2021-22, and that its push for capital expenditure is the largest ever over a two-year period. Excerpts: * You have called it an expansionary budget, but overall spending is just about ₹33,000 crore in 2021-22 over this year’s revised estimates (RE). Also,...

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