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Current Affairs 01 February 2022

CONTENTS

  1. Cross border insolvency: UN model UNCITRAL
  2. What the Economic Survey says
  3. Fortified rice
  4. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme

 Cross border insolvency: UN model UNCITRAL


Context:

The Economic Survey 2021-22 has called for a standardised framework for cross-border insolvency as the Insolvency and Bankruptcy Code (IBC) at present does not have an instrument to restructure firms involving cross-border jurisdictions.

Relevance:

GS-II: International Relations

Dimensions of the Article:
  1. What are Cross border insolvency proceedings?
  2. About UNCITRAL
  3. The UNCITRAL model
  4. Indian framework’s difference with the model law

Click Here To Read More: Cross border insolvency: UN model UNCITRAL


What the Economic Survey says


Context

Putting the spotlight on the way forward after the pandemic, the Economic Survey of 2021-22  has analysed aspects such as inflation, global liquidity measures, and rising energy prices to detail the risks for the economy going ahead.

  • It has also taken stock of growing revenues to indicate the availability of fiscal space, should the government see the need to provide additional support.
Relevance:

GS III- Indian Economy

Dimensions of the article:
  1. Fiscal space
  2. Vaccine economics
  3. Inflation pressures
  4. Global uncertainty
  5. Energy risks
  6. Supply side reforms
  7. Industrial growth
  8. Public spending
  9. Way forward

Click Here To Read More: What the Economic Survey says


Fortified rice


Context:

The Centre has distributed 3.38 lakh metric tonnes of fortified rice till December 2021 through anganwadis and mid-day meal schemes at government schools, according to the Economic Survey.

Relevance:

GS III- Indian Economy, Public distribution system

Dimensions of the article:
  1. Key Points
  2. About Food Fortification
  3. Need for Food Fortification
  4. About Fortification of Rice

Click Here To Read More: Fortified rice


Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme


Context:

Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic Affairs said in its annual Economic Survey.

Relevance:

GS-II: Social Justice and Governance (Health and Poverty related issues, Government Interventions and Policies, Issues arising out of the design and implementation of Government Policies)

Dimensions of the Article:
  1. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
  2. How MGNREGA came to be?
  3. Features of MGNREGA
  4. Objectives of MGNREGA

Click Here To Read More: Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme

 

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