daily-news-prescription-12th-december-2020

GS2: Polity   

GS3: Economy 

  • N.K. Singh calls for a fresh look at the Seventh Schedule (TH) Fifteenth Finance Commission chairman N.K. Singh has called for a fresh look at the Constitution's Seventh Schedule, which forms the basis for allocating subjects to the Centre and States, and hinted at the need to fill an 'institutional vacuum' created by the abolition of the Planning Commission.
  • Draft Indian Ports Bill, 2020 issued for Public Consultation The proposed bill will provide measures to facilitate conservation of ports, taking into account the prevalent situation with respect to the high number of non-operational ports, it said

GS3: Environment  

  • Worldwide legal wildlife trade increased by 2,000% since 1980 (DTE) According to the report, the international legal wildlife trade has increased 500 per cent in value since 2005 and 2,000 per cent since the 1980s. On the other hand, the estimated value of the global illegal trade in wildlife is worth around $7-23 billion per year, equivalent to nearly 25 per cent of the value of the legal market.