Atal Bhujal Yojana

Ministry of Jal Shakti

  • Central Sector Scheme with a total outlay of Rs.6000 crore to be implemented over 5 years (2020-21 to 2024-25).
  • The scheme aims to improve groundwater management through community participation in identified priority areas in seven States, viz. Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh.
  • Implementation of the scheme is expected to benefit nearly 8350 Gram Panchayats in 78 districts in these States.
  • ATAL JAL will promote panchayat led groundwater management and behavioural change with a primary focus on demand-side management
  • Out of the total outlay of Rs. 6000 crore, 50% shall be in the form of World Bank loan, and be repaid by the Central Government. The remaining 50% shall be through Central Assistance from regular budgetary support. The entire World Bank’s loan component and Central Assistance shall be passed on to the States as Grants.

Continue reading “Atal Bhujal Yojana”

IMF Report Highlights on India(Dec 2019)

  • India should “recommit” to cutting on debt by bringing down its public sector borrowing requirements and enhance focus on having greater fiscal transparency to help investors make informed economic decisions.
  • Despite some improvement in reported fiscal deficits, debt as a share of GDP remains little changed over the past decade partly due to increases in off-budget financing

Continue reading “IMF Report Highlights on India(Dec 2019)”

New mechanism to reward whistle-blowers and other informants for sharing information about insider trading: SEBI

  • Insider trading refers to the trading of securities while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities.

  • Under the new framework, it would be mandatory to disclose the source of information, besides, confidentiality regarding the identity of the informant would be protected
  • SEBI said the reward would be given in case the information provided leads to disgorgement of at least Rs 1 crore in accordance with the PIT (Prohibition of Insider Trading) Regulations

Continue reading “New mechanism to reward whistle-blowers and other informants for sharing information about insider trading: SEBI”

Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019

 

The liability of a corporate debtor for an offence committed before the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall not be prosecuted for such an offence from the date the resolution plan has been approved by the Adjudicating Authority if the resolution plan results in the change in the management or control of the corporate debtor to a person who was not: Continue reading “Promulgation of the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019”