United Nations Warns: 4.4 billion people to live with limited water by 2050

On World Water Day, the United Nations warned that 3.5 to 4.4 billion people are to live with limited access to water by 2050. Of these more than 1 billion are to live in major cities.

Highlights

The United Nations also said that today there are 2.2 billion people in the world lacking safe drinking water. Around 4.2 billion of global population are living without adequate sanitation. The data was provided by the UN Secretary General Antonio Gueterres at a press meet.

Recommendations

The United Nations Suggests that the member countries should pay attention to climate risks at all the levels of water management. Also, they should increase their investments towards climate resilient water storage infrastructure.

The upcoming COP26 that is to be held at Glasgow should be used as to reduce the emissions and increase water sustainability. The 26th COP26 is to be held in Glasgow, UK in November 2020.

 

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Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion.

Key Features of the Bill

The bill provides the financial proposals of the fiscal year 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has come into effect. The GOI proposed to spend Rs 30,42,230 crores of rupees in the financial year 2020-21. This is 12.7% more than the revised estimate of 2019-20.

NRI

Several amendments have been made to the bill. The passed bill withdrew certain features that affected non-resident Indians. It includes NRIs with income more than 15 lakhs from business owned by them in India will fall under tax net. However, their global income is not to be taxed.

The bill has abolished Dividend Distribution Tax. It is the tax imposed by the GoI on Indian Companies based on the dividend paid by them to their investors.

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