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Thursday, February 2, 2017

DAILY CURRENT AFFAIRS: 2ND FEB 2017

DAILY CURRENT AFFAIRS: 2ND FEB 2017
(Daily News India)
Shared By: WWW.DailyGk.IN

1. UNION BUDGET 2017
i. Finance Minister Arun Jaitley presented the Union budget 2017-2018 in Lok Sabha on 01 February 2017.
ii. This is the 4th budget by the Narendra Modi government. It was broadly focused on 10 issues rural population, farming sector, infrastructure, youth, poor and health care for the underprivileged, financial sector for stronger institutions, public services, speedy accountability, tax administration for the honest and prudent fiscal management.

2. FISCAL DEFICIT REACHES 94% OF THE BUDGET ESTIMATE
i. Fiscal deficit in the first 9 months of 2016-17 touched 93.9 % of the Budget estimate. The fiscal deficit had stood at 87.9% in the corresponding 9 months a year ago. The fiscal deficit is the gap between revenue and expenditure.
ii. According to data released by the Controller General of Accounts, tax revenue was 71.4% of the full-year budget estimate. Total expenditure, Plan and Non-Plan, was 74.3% of the government's full-year estimate.

3. RAJASTHAN, TELANGANA BAG EGOV AWARDS
i. This year, under the State category, Telangana and Rajasthan emerged Winners of Excellence while the Award of Recognition went to Nagaland and Odisha.
ii. Instituted by the Computer Society of India’s Special Interest Group with sponsorship from Nihilent Technologies, these awards help recognize the efforts of eGovernance practitioners from across central and state departments, projects and in district administrative units as well.

4.  RAILWAY MINISTRY REQUESTS SEPARATE FUND FOR RASHTRIYA RAIL SAFETY FUND
i. The Ministry of Railway has proposed the Finance Ministry to create a non-lapsable safety fund named ‘Rashtriya Rail Sanraksha Kosh’ over 5 years with initial corpus of Rs. 20000 cr and contribute a portion to fund it in the Budget 2017.
ii. The decision to set up the safety fund is based on the recommendation of a high-level safety review committee under the chairmanship of Dr. Anil Kakodkar, former chairman of Atomic Energy Commission.

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