DAILY CURRENT
AFFAIRS: 16TH MAR 2017
(DAILY NEWS INDIA)
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.