DAILY CURRENT AFFAIRS: 16TH MAR 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN
1. ANDHRA PRADESH PRESENTS AROUND 1.57 LAKH CR BUDGETS FOR 2017-18
i. The Andhra Pradesh Finance Minister Yanamala Ramakrishnudu presented Rs 1,56,999 cr budget for the financial year 2017-18 in the Legislative Assembly.The proposed budget for 2017-18 is about 15.70% more than the budget for 2016-17.
ii. The objective of the gender budget is to save women and girls from discrimination and neglect in matters of development, progress, security and human rights.
iii. Revenue expenditure: Rs 1.25 lakh cr, Capital expenditure: Rs 31,087 cr, State’s revenue deficit in 2017-18: Rs 416 cr.
iv. Fiscal deficit: Rs 23,054 cr. Under Vision 2029, the state is targeting a growth rate of 12% every year.
2. CENTRE LAUNCHES NEW SCHEME TIES FOR DEVELOPING EXPORT LINKED INFRASTRUCTURE
i. Nirmala Sitharaman, the Commerce and Industry Minister launched a new scheme named Trade Infrastructure for Export Scheme for developing export linked infrastructure and boost the competitiveness of India’s shipments.
ii. TIES aims to bridge the infrastructure gap in India to ensure smoother movement of export cargo and also ensure quality standards and certification measures to promote outbound shipment.
iii. The scheme will have a total budgetary allocation of Rs 600 cr for 3 years with an annual outlay of Rs 200 cr.
3. ANNUAL KRISHI UNNATI MELA BEGINS IN NEW DELHI
i. The 3-day annual Krishi Unnati Mela was inaugurated by Radha Mohan Singh, Union Agriculture Minister, at the Indian Agriculture Research Institute in Pusa, New Delhi.
ii. Its aim is to provide information on new farm schemes and technologies and other welfare scheme that will help to double the farmer’s incomes by 2022.
iii. The 3 day fair has been organized by the Indian Agricultural Research Annual Krishi Unnati Mela 2017 Institute jointly with the Ministry of Agriculture and Farmers Welfare
iv. As a part of the event, the Minister also gave away Pandit Deen Dayal Upadhyay Rashtriya Krishi Vigyan Protsahan Puraskar 2016 to recognise contribution of Krishi Vigyan Kendras.
4. MEGHALAYA CHIEF MINISTER MUKUL SANGMA PRESENTS RS 1236 CRORE DEFICIT BUDGET
i. The CM of Meghalaya, Mukul Sangma, who also holds charge of Finance department, presented Rs 1236 cr deficit budget for the financial year 2017-18 in the state assembly with focus on development expenditure.
ii. In order to synchronize with the budgetary framework of the Union Government, the Meghalaya CM also announced the merger of the plan and non-plan expenditure and has increased the tax slabs for transportation to raise additional revenue.
iii. Fiscal deficit is pegged at Rs 1236 cr which is around 3.8 % of the GSDP.
iv. Rural Development: Rs 1731.57 cr, Road and Bridges: Rs 712.8 cr, Education: Rs 909.94 cr, Health and Family Welfare: Rs 420.93 cr.