To address the slow pace of decline in the under nutrition and to bring nutrition to the centre-stage ofthe National Development Agenda, NITI Aayog has drafted the National Nutrition Strategy.
The Strategy lays down a roadmap for effective action, among both implementers and practitioners, in achieving our nutrition objectives.
It envisages a framework wherein the following four determinants of nutrition work together to accelerate decline of under nutrition in India –
Uptake of health services,
Food,
Drinking water & sanitation and
Income & livelihoods.
Currently, there is a lack of real time measurement of these determinants, which reduces our capacity for targeted action.
The framework envisages a Kuposhan Mukt Bharat - linked to Swachh Bharat and Swasth Bharat.
It enables states to make strategic choices, through decentralized planning and local innovation, with accountability for nutrition outcomes.
Surya Kiran
India and Nepal began their 12th edition of joint military exercise with around 300 troops each side in Rupandehi district in the western part of Nepal.
It focuses on counter-terrorism and forest fighting operations.
According to the Indian Army officials, the Surya Kiran is the largest joint exercise in terms of troop participation.
Disaster management and joint operations for disaster relief will also be a part of the exercise.
The exercise will provide the two armies a platform to exchange experiences, ideas and skills.
Surya Kiran series of exercises are held alternately in India and Nepal.
Domestic Systemically Important Banks (D-SIBs)
Following the global financial crisis of 2008, it was observed that problems faced by certain large and highly interconnected financial institutions hampered the functioning of the financial system.
This in turn negatively impacted the real economy.
It was decided to identify such institutions and prescribe them higher capital requirements.
Following this, RBI had started listing D-SIBs from August 2015.
The banking regulator prescribes higher capital requirements for such entities.
HDFC Bank is the second largest private sector lender of the country
RBI has added HDFC in the list of D-SIBs.
State Bank of India and ICICI Bank are also in this category.
Central Vigilance Commissioner (CVC)
CVC is the chief of the country’s top anti-corruption body- Central Vigilance Commission.
Central Vigilance Commission (CVC) is an autonomous apex Indian governmental body created to address governmental corruption.
It is free of control from any executive authority, charged with monitoring all vigilance activity under the Central Government of India.
The Commission shall consist of
A Central Vigilance Commissioner - Chairperson;
Not more than two Vigilance Commissioners - Members;
Recently allegations were raised in a PIL, challenging the appointments as “arbitrary, illegal and in violation of the principle of institutional integrity.”
The Centre told the Supreme Court that K.V. Chowdary was appointed Central Vigilance Commissioner (CVC), with the “unanimous consensus” of a high-profile committee led by the Prime Minister in June 2015.
Advance Pricing Agreement
The Central Board of Direct Taxes (CBDT) has entered into Advance Pricing Agreements (APAs) between Indian Company and UK based Company.
An APA is a contract, usually for multiple years, between a taxpayer and at least one tax authority specifying the pricing method that the taxpayer will apply to its related-company transactions.
It was introduced in IT act, 2012.
It helps taxpayers voluntarily resolve transfer pricing disputes in a cooperative manner reducing the incidence of double taxation.
It also involves resolving both the future and existing transfer pricing audits and adjustments.
It fosters a non-adversarial tax regime.
Unilateral APA – It involve agreements between only the taxpayer and one government.
Bilateral APA – Tax payer enter into APA with more than one tax authority.
Transfer Pricing - A transfer price is the price at which different divisions of a same company transact good or services with each other.
Transfer pricing are used when individual entities of a large multi-entity firm are treated as separately run entities.
