President of India Current Affairs - 2020

15th Finance Commission to monitor COVID-19 before second report

On March 19, 2020, the Finance Commission announced that it will monitor situation of COVID-19 before releasing its second report.

Highlights

The Commission is to set up a committee to review fiscal consolidation of the government. The commission has recommended grants for health sector under its report. It has recommended setting up of State Disaster Risk Management Fund and National Disaster Risk Management Fund. This will replace the existing Disaster Relief Funds both at centre and state level. This is being done to give larger priority to disaster management, mitigation, relief and response.

Finance Commission

The Finance Commission was set by President of India in 1951 under Article 280. The commission makes recommendation to distribute taxes between centre and state. It is an autonomous body. The main aim of the finance commission is to address the vertical and horizontal imbalances between the centre and the states.

The Finance Commission (Miscellaneous) Act, 1951 defines qualification, disqualification, eligibility, terms and powers of Finance Commission.

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Corona Virus: National Emergency in the USA

The President of United States of America Donald Trump has declared national emergency over the spread of corona virus. Also, the government has allocated 50 billion USD to fight against the disease.

History

This kind of emergency in the country is rare. Earlier, the same kind of emergency was declared by President Bill Clinton over widespread of West Nile Virus.

National Emergencies Act

The Emergencies in the US are declared under National Emergencies Act. So far, 61 national emergencies have been declared in the country. There are 136 statutory situations under which emergencies shall be declared in the US sub-continent.

Emergency in India

In India Emergency shall be proclaimed under Article 352. Also, it shall be proclaimed only when the president is satisfied. The article allows emergency only when there is security threat to the country or to a region.

The President shall proclaim emergency only when the union cabinet under the Prime Minister advises him to do so.

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