Feb 23, 2016: Kudremukh National Park in the Western Ghats

Feb 23, 2016: Kudremukh National Park in the Western Ghats

General Studies: Daily Capsule

Curtain Raiser –News Update (Feb 23, 2016)

Kudremukh National Park in the Western Ghats:

Kudremukh National Park in the Western Ghats	·         A part of the world’s 38 ‘hottest hotspots’ of biological diversity ·         A UNESCO world heritage site
The park is home to:	Endangered biodiversity including lion-taled macaques, tigers, Mallabar civets and great pied hornbills
Rivers originating from oark	Tunga, Bhadra and Netravati

Source: Disappearing forests of Kudremukh by Suman Jumani & D.V.Girish, Feb 23, 2016, The Hindu

Some important topics that require attention:

Fiscal Deficit target vs stimulating growth (by increasing Government expenditure):

Kelkar committee’s report:

Fiscal Responsibility and Budget Management Act 2003:

Some facts:

Aggregate tax to GDP Ratio in India	About 17 per cent
Gross tax collection at the Union level	A little over 10 per cent
After devolution, Union government gets	About 6.5 per cent
Non-tax revenue collection	About 2.5 per cent
Total Revenue available to the Union Govt	Less than 10 per cent

Source: A fine balance on the Budget by M. Govinda Rao, Feb 23, The Hindu