Issue: March 2017
 
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 COVER STORY
 
 
  Union Budget 2017-18: A Take-off for Infrastructure Sector :- by Krishna Dev
  The article explains how the Budget 2017-18 provides fillip to infrastructure sector in country.
  Special Article Rail Budget in New Avatar:- by Arunendra Kumar
  With the merging of Rail budget with Union Budget this year, author explains the rationale
  Union Budget 2017-18: Fiscally Pragmatic :- by Charan Singh
  The author analyses the fiscal aspects of the Union Budget 2017-18 and explains that the focus
  Assessing the Changes in Structure and Processes:- by Happy Pant
  This year’s Union Budget is historic in the sense that it brings so many major changes
  Revenue Mobilisation Efforts and the Budget 2017-18 : - by Malini Chakravarty
  India’s tax structure is regressive with nearly two-third of total tax collected
Lead Article

The article broadly covers the Union Budget 2017-18. It gives insights into how the Budget tries to address a number of issues that could help in reviving growth in the country. It argues that the focus in Budget is more on the processes of growth instead of incentives that had been the strategy for...

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The Indian subcontinent is among the world’s most disaster-prone areas

The Indian subcontinent is among the world’s most disaster-prone areas. As per the current seismic zone map of the country, over 59 per cent of India’s land area is under threat of moderate to severe seismic hazard. Out of the total geographical area of 329 million hectares (mha), more than 40 mha is flood prone. On an average every year, 75 lakh hectares of land is affected, 1600 lives are lost and the damage caused to crops, houses and public utilities is Rs. 1805 crores due to floods. Disasters are, therefore, not strangers to humankind. Droughts, flood, famines, diseases, earthquakes, tsunami- humankind has seen them all. And, yet survived, that is the miracle of human existence- the ability to adapt to circumstances and overcome hardships. This has been well proved during the recent floods in Chennai when people reached out to each other in a tremendous effort of humanity. However, disaster management cannot be left to human effort alone. Some element of preparedness and planning is necessary to handle disasters both on the part of governments and the community because when disaster actually strikes, the time to prepare would have passed. Care shouldn’t start in the emergency room. Organizations like the National Institute of Disaster Management Authority are mandated to prepare pre-disaster management plans. Creating awareness among the public is equally important as sometimes a little knowledge can go a long way in mitigating the bad consequences of a disaster. People, especially in disaster prone areas, can be trained to anticipate disaster and to deal with it in case the disaster actually happens. Effective communication is the keyword. The recent floods in Odisha are an ideal example of how a well-thought out communication strategy can assist in disaster management.
 
 
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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