Swasthya Bharath Yatra
- Tamil Nadu has received the Swasth Bharat Yatra award under ‘The Best Performing State’ category recently.
- 'Swasth Bharat Yatra' is a pan-India Cyclothon and a key element of the ‘Eat Right India’ movement and
- It was also organized in commemoration of the 150th birth anniversary of Mahatma Gandhi.
- Swasth Bharat Yatra would provide the trigger for cascading the message of Eat Right India to every corner of the country.
- 'Eat Right India' movement has been launched by Food Safety and Standards Authority of India (FSSAI) under the Ministry of Health and Family Welfare.
- The 'Eat Right India' movement is a collective effort of key stakeholders and citizens.
- It is aligned with Government's recent focus on public health through its three key programmes, namely 'Ayushman Bharat', 'Swachh Bharat Mission', and 'POSHAN Abhiyaan'.
Suraj Kund Mela
- The 33rd Surajkund International Crafts Mela-2019 is being organized in Faridabad,Haryana.
- Surajkund Mela brings together artisans from all over the world and India to the fair, especially from SAARC nations.
- The Mela is organised by the Surajkund Mela Authority and Haryana Tourism in collaboration with Union Ministries of Tourism, Textiles, Culture and External Affairs.
- Thailand is the Partner Nation Country for the Year 2019.
- For, the state of Maharashtra has been chosen to be the Theme State.
World Wetlands Day 2019
- World Wetlands Day is celebrated every year on 2 February.
- This day marks the date of the adoption of the Convention on Wetlands on 2 February 1971, in the Iranian city of Ramsar on the shores of the Caspian Sea.
- The theme for 2019 is ‘Wetlands and Climate Change’.
- India currently has 27 sites designated as Wetlands of International Importance (Ramsar Sites).
- India has designated Sundarban Wetland as a Wetland of International Importance.
- The latest added Sunderban is located within the largest mangrove forest in the world.
- The Sundarbans encompasses hundreds of islands and a maze of rivers, rivulets and creeks, in the delta of the Rivers Ganges and Brahmaputra on the Bay of Bengal in India and Bangladesh.
GSAT-31
- Indian Space Research Organisation will launch its latest communication satellite GSAT-31.
- The satellite is being launched on board Arianespace launch vehicle from French Guiana.
- GSAT-31 is the country’s 40th communication satellite.
- This satellite will augment the Ku-band transponder capacity in Geostationary Orbit.
- GSAT-31 will be used for supporting VSAT networks, Television uplinks, Digital Satellite News Gathering, DTH-television services, cellular backhaul connectivity and many such applications
- It also provides wide beam coverage to facilitate communication over large oceanic region, comprising large parts of Arabian Sea, Bay of Bengal and Indian Ocean, using a wide band transponder.
Accrual accounting
- Accrual accounting is an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur.
- In other words: in accrual-based accounting, the revenue and expenditure of an entity is recorded in the books when it is earned or incurred irrespective of when cash is actually paid or received.
- But in the case of cash-based accounting, books are prepared wholly on the basis of cash flows.
- The accrual based accounting method can be used by the government instead of cash based accounting to get a clear picture of the fiscal deficit.
- The Twelfth Finance Commission had noted that the cash-based system of accounting creates room for ‘fiscal opportunism’.
- Fiscal opportunism is possible as tax revenues can be collected in excess during a period and payments easily be deferred to future periods.
Source: PIB, The Hindu, Business Line
