Fiscal Slippage

The Reserve Bank of India warned of the rising risks to fiscal consolidation of the states.

U.S. threatens to impose more sanctions on Iran

Recently, U.S. threatened to impose more sanctions on Iran “very soon” and warned Europe against doing business with Tehran via a system of non-dollar trade to circumvent U.S. sanctions.

WHO to target Trans fats- Elimination by 2023

Recently, WHO had met the International Food and Beverage Alliance (IFBA) representatives to discuss actions to eliminate industrial trans fats, and reduce salt, sugar and saturated fats in processed foods.

Anti-Defection Law

Supreme Court stays disqualification proceedings against three AIADMK MLAs.

Discom debt to return to pre-UDAY levels

As per the note from CRISIL, the external debt of state-owned electricity distribution companies (discoms) is set to increase to pre-UDAY levels of ₹2.6 lakh crore by the end of this fiscal.