DAILY CURRENT
AFFAIRS: 14TH MAR 2017
(DAILY NEWS INDIA)
1. TELANGANA FINANCE MINISTER PRESENTS REVENUE SURPLUS BUDGET ESTIMATE
2017-18
i. The Telangana
State Finance Minister Etala Rajender presented the budget estimate of Rs.
1,49,646-cr for 2017-18 in the state assembly.
ii. The Rs 4,471.30
cr revenue surplus budget mainly focuses on the development and welfare
measures.
iii. The 2017-18
budget is Rs 15 lakh cr more when compared to Rs 130 lakh cr in the 2016-17
Budget.
iv. The Gross State
Domestic Product growth at constant prices in 2016-17 is likely to be 10.1% as
against expected national GDP growth of 7.1%.
v. Committed
expenditure in 2017-18 has been pegged at Rs 61,607.20 cr while the Revenue Expenditure
at Rs 50,954.61 cr.
2. RBI REMOVES LIMIT ON CASH WITHDRAWAL FROM SAVINGS BANKS ACCOUNTS
i. In order to comply
with the pace of demonetization, the Reserve Bank of India has decided to
remove the restrictions on cash withdrawals from Saving Bank accounts
(including accounts opened under PMJDY) in a 2 step process.
ii. Effective from
February 20, 2017, the limits on cash withdrawals from the Savings Bank
accounts was enhanced to Rs. 50,000 per week from the current limit of Rs.
24,000 per week.
iii. Effective from
March 13, 2017, there will be no limits on cash withdrawals from Savings Bank
accounts.
iv. On January 30,
the RBI had ended all curbs on withdrawals from Current Accounts, Cash Credit
Accounts and Overdraft Accounts.
3. HSBC APPOINTS MARK TUCKER AS ITS NEW CHAIRMAN
i. Europe’s biggest
bank HSBC Holdings Plc. has appointed Mark Tucker as its Chairman.
ii. AIA Group Ltd
Chief Executive, Mark Tucker will take
over on October 1, succeeding Douglas Flint who has been in the role since
2010.
iii. Mr Tucker has been
chief executive of AIA for 7 years. Prior to this, he was the chief executive
of insurance giant Prudential, AIA Group Ltd.
4. FINANCE MINISTER ARUN JAITLEY ASSUMES ADDITIONAL CHARGE OF
DEFENCE
i. The Union Finance
minister Arun Jaitley was given the additional charge of the Defence Ministry after
Manohar Parrikar resigned to take on the new role of Goa Chief Minister.
ii. Upon the advice
of PM Narendra Modi, the President Pranab Mukherjee directed that Arun Jaitely
shall be assigned the charge of the ministry of defence, in addition to his
existing portfolios.
iii. This is the 2nd
time that Jaitley is holding the additional portfolio of Defence Ministry
during the present NDA government.