India featured in UN's Honour Roll for timely payment of regular budget assessments
India Recognized on UN Honour Roll for Timely Budget Payment
The Permanent Mission of India in New York has announced that India has been included in the United Nations (UN) 'Honour Roll' for paying its regular budget assessments in full within the specified 30-day period. This recognition highlights India's commitment to the UN's financial regulations.
UN Honour Roll
The 'Honour Roll' is a list of countries that have successfully met their financial obligations to the UN within 30 days of receiving a payment note. The UN General Assembly approves the Regular Budget each December, and Member States are assessed based on an approved Scale of Assessment. Payment notes are issued in early January.
India's Consistent Commitment
India has consistently appeared on the UN's Honour Roll, demonstrating its support for the UN's principles and its commitment to maintaining the organization's financial stability. This recognition reaffirms India's role as a responsible member of the UN.
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UN
The UN, or United Nations, is an international organization that works to maintain peace and security around the world, help countries develop, and promote human rights.
Honour Roll
The Honour Roll is a list made by the UN to recognize countries that pay their financial dues on time. It shows which countries are responsible and supportive of the UN's work.
Budget Payment
Budget payment refers to the money that countries need to give to the UN to help it run its programs and activities. Paying on time helps the UN function smoothly.
Financial Regulations
Financial Regulations are rules set by the UN to manage how money is collected and spent. These rules ensure that the UN has enough funds to carry out its missions.
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