Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

Y.V. Reddy to be the chairman of 14th Finance Commission

image The constitution of the 14th Finance Commission has been announced by the government. The Commission will have 5 members which will be headed by former RBI Governor Y.V. Reddy. The panel is to submit its report by October 31, 2014.

What this Commission will do?

Main purpose of the Commission:

  • Recommend ways of tax sharing b/w centre and states which will apply for a five-year period beginning April 1, 2015.
  • Recommend steps for pricing of public utilities such as electricity and water in an independent manner.
  • Look into issues like disinvestment, GST compensation, sale of non-priority PSUs and subsidies.
  • Look into the need for insulating the pricing of public utility services like drinking water, irrigation, power and public transport from policy fluctuations through statutory provisions.
  • Review the state of finances, deficit and debt levels of the Centre and States, keeping in view, in particular, the fiscal consolidation roadmap suggested by the 13th Finance Commission.
  • Suggest measures for maintaining a stable and sustainable fiscal environment consistent with equitable growth.

Who are the members of the panel?

Members of the Panel:

  • Chairman: Dr. Y.V. Reddy
  • Former Finance Secretary Sushma Nath
  • NIPFP Director M. Govinda Rao
  • Planning Commission Member Abhijit Sen
  • Former Acting Chairman of National Statistical Commission Sudipto Mundle.


By 2015, Internet mobile users expected to double to 165 million

As per a report by the Internet and Mobile Association of India (IAMAI), the number of mobile Internet users in India is set to nearly double and touch 165 million by 2015, increasing from the present 87 million users.

Why this increase?

  • The rise is being attributed to enhanced bandwidth on mobile networks and cheaper availability of internet-enabled cellular phones.