6 December 2017-The Hindu Editorial News Paper Analysis- [UPSC/SSC/IBPS] Current affairs HD - Videos

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  2. India get highest remittance from UAE and second highest from USA.

    WAQF BOARD
    Established in 1964
    Comes under Ministry of minority affairs
    it is a statuary body

    Awards to shashi kapoor
    1) Dadasaheb phalke award
    2) Flimfare lifetime achievment award
    3) padmabhushan
    4) flimware award
    5) many national flim awards. .

    JAPAN
    Capital -Tokya
    Currency -japanese yen
    it comes in East asia
    it ia an isalnd nation in Pacific ocean.
    It called 'Land of Rising sun'.
    located in Pacific Ring of Fire.
    It is closest to Russia.

  3. पुलिस रिफॉर्म में अफसर को मानवता और लोगो के साथ तमीज से बात करने की भी ट्रेनिंग दी जाए (कुछ अफसर को ही लागु होता हे )

  4. Veer sir you told us that china promotes it's exporters by devaluating its currency.

    My doubt is if any country devaluate its currency it will impact very negatively sply for their exportes

    Pls let us know clearly if I am wrong

  5. The awards given to shashi kapoor are as follows
    Dadasaheb phalke 2015
    Lifetime achievement 2010
    Padma bhushan 2011
    Acharya panel was set to change the time of fiscal year from jan to dec.
    Central waqf board 1964 by waqf act comes under ministry of minority affair
    India recieves highest remittance from uae

  6. 7) What are the important functions of Finance Commission? Do you think Finance Commission is functioning as an arbitrator between the Union and State governments? Critically examine.
    A finance commission is set up very five years by the President under Article 280 of the Constitution. Its main function is to recommend how the Union government should share taxes levied by it with the states
    Important Functions of finance commission are as follows.
    1. To distribute taxes between Center and State as per their contribution
    2. To determine the factors which govern Grant-in-aid to states
    3. To make recommendation to President for utilizing the fund for usage in Panchayats and Municipalities on the basis of recommendation made by the state finance commission
    4. To recommend President about any other factors related to State Finance commission

    Finance commission plays a role of arbitrator between the center and the state because
    1. It helps to distribute taxes between center and state
    2. It provides Grant-In-Aid to states in case of revenue shortfall
    3. It establishes a perfect method for devolution of aid in the states
    Previous finance commissions used to provide Central Financed Schemes (ex. Say education). But few states started complaining that the formula used for devolution treats the states on unequal grounds.
    Also Planning Commission (which is an non-constitutional and non-statutory body) used to overshadow the recommendations of Finance commission.
    Now that the NITI AAYOG has came instead of planning commission The suggestions concerning making Finance commission a permanent, constitutional body, can be taken into account, as it will further strengthen its position in the sphere of financial administration.
    So Finance Commission plays the role of an arbitrator in limited ways.

    please review, rate, and suggest any corrections

  7. Japan
    Capital. Tokyo
    Currency..Yen
    Climate : Temperate type.
    Location.. Pacific ocean, Sea of Japan lies on Western side and pacific ocean on eastern side.
    73% land us unsuitable for agriculture.major population lives on near shore.
    It is constitutional monarchy.
    Economy:3rd largest in terms of nominal gdp after us, china. And 4th in terms of purchasing power parity. After us, china, india.
    HDI category very high.
    Economy mainly based on industry producing steel, automobiles, electronic, machinery etc.
    Member of: G8 , APEC, TPP.
    MOUNT FUJI is highest peak.

  8. सर दादा साहब फाल्के पुरस्कार 2014 में मिला या 2015 में
    2015 में तो मनोज कुमार को मिला सर आप बताये को सा सही है

  9. Wakf Board comes under the " Central Wakf Council " which works under " Ministry of Minority Affairs ".
    "Central Wakf Council was established in 1964 by the GOI under " Wakf Act, 1954 ".

  10. About japan
    Capital tokyo
    Currency japanese yen
    Legislature DIET
    Japan is group of island
    Religion buddishm

    Shashi kapoor
    Padam bhusan 2011
    Dadasaheb phalke award 2015

    Fiscal year shift from jan to dec
    Recommended by former chief economic advisor shankar acharya committee

    India receive the higjest remittance from
    UAE
    USA
    SAUDI ARABIA

    Central wagf council is an indian satutory body
    Established 1964 under wagf act 1954
    Hq New delhi
    Under ministry of minority affairs

    Finance commission under art 280
    Qausi judiciary body
    1 chairman and 4 member appoinment by president
    Eligible by reappointment
    Recommendation of finance commission not complusory on GOI

  11. Question: 6th December 2017
    What are the important functions of Finance Commission? Do you think finance commission is function as an arbitrator between the Union and State Government? Critically examine (150 -250 Words)
    Solution:
    “Finance Commission” is Constitutional and Quasi-judicial body. The provision of it is given in our constitution under Article 280 & 281.It is advisory in nature. It is constituted by the president in every five years or earlier time when president feel it necessary. Finance commission recommends to president on following matters and these are important functions of it.
    i. Vertical devolution of Taxes from Centre to State
    ii. Grant-in-aid by Centre- from “consolidate fund of India”
    iii. Augment aid to Panchayat and Municipality on the “state finance commission” recommendations
    iv. Whenever President feel about the “Sound Finance”, can be done through Finance commission
    Do you think finance commission is function as an arbitrator between the Union and State Government?
    Yes, Finance commission is act as agent/arbitrator between the Centre and state during monetary transaction and balancing the “fiscal federalism”. In the 14th Finance commission, 42 % of total pool will be given to state under the finance commission recommendations. Once amount (42%) is allocated to states pool then the same amount will be distributed among the state (Horizontal devolution) as per certain criteria.
    Those criteria are below:
    i. Population of state
    ii. Hilly terrain or Forest cover
    iii. Area
    iv. Fiscal discipline
    v. Income distance

    Conclusion:
    “Finance commission” and “Planning Commission” are the two body which balancing the fiscal federalism concept in India. Now Planning commission’s name has been changed to NITI Aayog.NITI Aayog more concentrate on Planning and development prepared by “Think-Tank” where as Finance commission played vital role in Vertical and horizontal fiscal Transactions. Both are played as important component for proper administration and growth of States and enhance the concept of “cooperative federalism”.

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