Current Affairs Today
Finance minister Piyush Goyal presented the Interim Budget for 2019-20.
Some highlight on the budget 2019 are:
♦ The defence budget has been increased to over Rs.3 lakh crore. Additional funds for defence will be provided if needed
♦ Income tax exemption limit raised up to Rs.5,00,000 annual income to get full tax rebate
♦ Current Fiscal Accounts to be contained to 2.5%
♦ The fiscal deficit has been brought down to 3.4% in FY19
♦ Rs.60,000 crore allocated for MGNREGA under PM Gram Sadak yojana for a year
♦ Rs.19,000 crore allocated for rural roads under Gram Sadak Yojana
♦ PM Kisaan Samman Nidhi announced at Rs.75,000 crore
♦ No tax on bank interest up to Rs.40,000
♦ Govt has announced that it is to allocate Rs.75,000 crore per year to support farmers’ incomes
♦ It is after the impact of Rs.20,000 crore in the current fiscal year
♦ The Vulnerable farmers will receive Rs.6,000 per year in three equal installments
♦ The government will also allocate Rs.60,000 crore for UPA’s flagship MNREGA in 2019/20
Department of Public Health and Preventive Medicine said that the National Pulse Polio Immunisation Campaign will be held in Tamil Nadu on March 10. Nearly 72 lakh children under the age of five will be covered in Tamil Nadu. K. Kolandaswamy, Director of Public Health and Preventive Medicine, over 40,000 booths will be set up across the State, including railway stations and bus terminals.
The Telecom Regulatory Authority of India (TRAI) said that more than 170 million digital TV customers in India would not face any service disruption on account of the introduction of the new tariff regime in broadcasting from February 1, 2019.
About 62% of the over 100 million cable TV consumers and 30% of the over 70 million DTH subscribers had registered their channel choices under the new tariff guideline.
The Department of Industrial Policy and Promotion (DIPP) has been renamed as the Department for Promotion of Industry and Internal Trade with a mandate to deal with matters related to start-ups, facilitating ease of doing business among others. The order has been approved by President Ram Nath Kovind.
It functions under the Ministry of Commerce and Industry will look into matters related to promotion of internal trade, including retail trade, the welfare of traders and their employees, facilitating ease of doing business and start-ups.
With a view to improving the first and the last-mile connectivity to Kochi metro in the city, a competition titled “Data Innovation Challenge” was launched in Kochi, Kerala. The challenge seeks innovative solutions and visualizations on the connectivity network.
The contest was launched by Kochi Metro Rail Ltd (KMRL) in collaboration with WRI India Ross Center for Sustainable Cities and Toyota Mobility Foundation, the challenge seeks solutions in two tracks. It is expected that the initiative would fuel the constant innovation that is being pursued by KMRL.
The Ministry of Finance said that Goods and Services Tax (GST) collections crossed the Rs.1 lakh crore mark in January.
Goods and Services Tax (GST):
♦ GST is an indirect tax (or consumption tax) levied in India on the supply of goods and services
♦ It came into effect from July 1, 2017
♦ GST is divided into five tax slabs for collection of tax - 0%, 5%, 12%,18% and 28%
The Indian Space Research Organisation (ISRO) is to get its new communication satellite GSAT-31 aloft in space on February 6 from French Guiana on a hired European rocket. GSAT-31 will replace the INSAT-4CR. GSAT-31 weighs roughly 2,500 kg.
The latter with 12 Ku-band transponders was put to orbit in September 2007 to drive what was then a new DTH industry. The launch of Ariane-5 V247 mission is fixed for 2.31 a.m. IST on February 6.
Ajai Kumar is appointed as the interim CEO of Yes Bank. He will hold the charge of MD & CEO till the new CEO Ravneet Gill joins the lender. Yes Bank said that the Reserve Bank of India had approved the interim appointment.
About Yes Bank:
Type: Banking, Financial Services
Founder: Rana Kapoor, Ashok Kapur
Headquarters: Mumbai, Maharashtra
Non-Exe Chairman: Brahm Dutt
MD & CEO: Rana Kapoor
Yes Bank is India's 4th largest private sector Bank
Italian Prime Minister Giuseppe Conte along with UN representative launched Africa Centre for Climate and Sustainable development.
The new center is located near the Food and Agriculture Organization headquarters in Rome.
The major objective is boosting the agricultural sectors and promoting rural development in Africa.
India will take on Italy in the Davis Cup World Group qualifiers beginning in Kolkata.
The country rely heavily on in-form Prajnesh Gunneswaran and favorable home conditions to upset former champions Italy in their bid to qualify for the inaugural Davis Cup Group Finals.
Prajnesh will clash with Italian Matteo Berrettini while Andreas Seppi, who will be leading the Italian challenge, will face Ramkumar Ramanathan today in the singles.
In the doubles match to be played tomorrow at the Centre court, Rohan Bopanna and Divij Sharan will lead India against Italy's duo Marco Cecchinato and Simone Bolleli.
In the reverse singles, Prajnesh will take on Andre Seppi of Italy and Ramkumar will vie against Matteo Berrettini in the last match.
The Reserve Bank of India (RBI) has decided to allow three public sector banks, Bank of India, Bank of Maharashtra and Oriental Bank of Commerce, to exit the PCA framework following capital infusion by the government and a decline in net non-performing asset (NPA) ratio.
RBI, which conducted a review following a demand made by the government to lift the restrictions in order to boost credit growth. RBI said that few banks are not in breach of the PCA (Prompt Corrective Action) parameters as per their published results for the quarter ending December 2018, except for return on assets (RoA).
However, though the RoA continues to be negative, the same is reflected in the capital adequacy indicator. The PCA framework is triggered when a bank breaches one of the three risk thresholds, and crossing 6% net NPAs is one of them.
Scientists developed an artificial pancreas smartphone app that will help to analyze blood sugar levels in diabetes patients.
This application is formed with the capacity to connect with glucose monitors, insulin pump devices, and decision-making algorithms.
Lt Gen Rajeev Chopra took charge as the Director General of NCC (DGNCC) in New Delhi.
He has been awarded Ati Vishisht Seva Medal for his distinguished service in January 2018.
Punit Goenka, Managing director and CEO, Zee Entertainment Enterprises Ltd re-elected the new chairman of TV viewership measurement company, BARC India.
He was the founder of BARC India.
Punjab govt gave approval for ‘Smart Village Campaign’ worth of Rs 385 crores
Punjab government approved a rural development scheme”‘Smart Village Campaign” worth Rs 384.40 crore to build village infrastructure and provide essential amenities.
Getting approved by Chief Minister Amarinder Singh, Reformation and implementation of the scheme would be financed with funds from the 14th Financial Commission and MGNREGA.
As per National Sample Survey Office (NSSO’s) periodic labour force survey (PLFS) India’s unemployment rate hit a 45 year high of 6.1%in 2017-18.
It is the first comprehensive survey on employment conducted by a government agency after demonetization.
Unemployment is higher in urban areas which is 7.8% as compared to 5.3% in rural areas of the country.
The unemployment rate is at its highest level as in 1972-73.
Unemployment rate among youth reached a record high level in 2017-18 as compared to that in the overall population.
Youth’s moving away from the Agriculture sector as it is becoming less remunerative and moving to urban areas.