-The Hindu Business Line New accounting mechanism will help govt manage some savings; Revised Estimate for FY23 to be present in Budget for FY24 Initial indications from Inter-Ministerial meetings on the Budget show no significant cuts in allocations for various Ministries. It will be reflected in Revised Estimate (RE). Still, Finance Ministry could get high savings thanks to the new accounting mechanism. Inter-Ministerial meetings to finalise Revised Estimate for Fiscal Year 2022-23 and...

-The Telegraph Document says country is poised to consolidate and accelerate its revival over the rest of the year A Reserve Bank of India (RBI) document on Monday said contact-intensive sectors will lead India’s recovery. Besides, elevated inflation will cool from September ``albeit stubbornly’’ on the back of easing momentum and favourable base effects, according to a paper on the state of the economy co-authored by deputy governor Michael Patra, that is part...

-The Hindu Since the rules have not been drafted, the Citizenship Amendment Act, passed in 2019, cannot be enforced   The Ministry of Home Affairs (MHA) has sought an extension of another three months to frame the rules of the Citizenship (Amendment) Act (CAA), 2019, a legislation that fast tracks the citizenship of undocumented persons of six non-Muslim communities from Pakistan, Afghanistan and Bangladesh. Without the rules being framed, the Act cannot be...

-The Hindu ‘Many didn’t get government benefits due to difficulties in procuring death certificates’ For every child who lost its mother, three children lost their father to the COVID-19 pandemic in Maharashtra. ‘Vulnerable Children of Maharashtra’, a report on the status of children orphaned by COVID-19 by Vidhi Maharashtra, an independent think tank, found that 22,760 children lost their fathers while 2,678 lost their mothers to COVID-19. The loss of either parent has a...

-Business Standard Earlier, state governments had the responsibility to define the minimum quantum of work required to earn a day's wages The central government will now define the minimum quantum of work required to earn a day's wages under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA), as reported by the Economic Times (ET). It was earlier decided by the state government. The Centre may look to make changes under Section 27(1)...