In News : Kali Tiger Reserve, Black Money, OBOR Complete News Analysis August 03

Current Affairs and News Digest for August 03

 

Tiger reserve eco-zone runs into trouble

  • The protective cover around Kali Tiger Reserve in Karnataka has been sharply reduced, as the State government, facing “public pressure,” has decided to limit the eco-sensitive zone (ESZ) around the park.
  • ESZ declarations for Bannerghatta National Park and Cauvery Wildlife Sanctuary, where political pressure and local objections are strong, are yet to be made.

About Kali Tiger Reserve

Located in the Western Ghats range. The park is a habitat of Bengal tigers, black panthers and Indian elephants. The Kali River flows through the tiger reserve and is the lifeline of the ecosystem and hence the name. Nearest city is Dandeli.

Kali River

The Kali River has its origin near the village of Kushavali in the Western Ghats

Flows eastwards into the Supa Dam Reservoir where it is joined by the Pandri River from the left.

Sino-Pak. highway, a one-way street?

The China-Pakistan Friendship Highway runs over 1,300 km from the far western Chinese city of Kashgar through the world’s highest mountain pass and across the border.

But for many Pakistani businessmen living and working on the Chinese side of the border, the road is a one-way street.

About  China-Pakistan Economic Corridor (CPEC)

connecting Kashgar to the Arabian Sea port of Gwadar.

The project is part of China’s One Belt, One Road (OBOR) initiative, a massive global infrastructure programme to revive the ancient Silk Road and connect Chinese companies to new markets around the world.

How to curb ‘invisible money’

Background

The statement by Union Finance Minister Arun Jaitley recently that the Election Commission has failed to curb ‘invisible money’

Problem with the statement

The Election Commission (EC) works in accordance with Article 324 of the Constitution of India, the Representation of the People Act (RP Act), 19511 and the rules framed by the government thereunder, and various judgments of the Supreme Court and High Courts. The power to frame rules under the RP Act has not been given to the EC by successive governments.

Proposals in Budget 2017

Introduction of electoral bonds

Remove the limit of 7.5% on profits that a company can donate to a political party.

Remove the requirement that the company making a donation to a political party disclose the name of the party and the amount donated.

Recommendations

  • Law Commission presented report in 1998-99, titled ‘Reform of the Electoral Laws’ which highlights need of  necessity to introduce internal democracy, financial transparency and accountability in the working of the political parties.
  • Another Report in 2015 titled  “Election finance reform”  contains valuable recommendations to reform the election finance system
  • Another recommendation by Law commission is to bring all parties under RTI, the argument is also supported by CIC Central Information Commission.

Important News For The Day

According to recently released report-ICT Facts and Figures 2017, India and China are home to 39% of the 830 million young people worldwide who use the Internet.
Coconut palm declared State tree of Goa
World Bank has allowed India to construct Kishanganga, Ratle hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions under the 1960 Indus Waters Treaty (IWT).
The Union Government has launched e-Rashtriya Kisan Agri Mandi (e-RaKAM) portal to provide a platform for farmers to sell agricultural produce. e-RaKAM will connect farmers from the smallest villages to the biggest markets of the world through internet.

RBI Monetary Policy Review complete Story

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Source The Hundu Economic Times

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