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.
