Sunday, 2 February 2020

ONE LINER OF THE DAY 2nd FEB 2020


1.On the 2020-21 budget, FM emphasised on building a caring society by including a slew of measures for social welfare, climate change & improvement of culture & tourism. She allocated Rs 4,400 Cr to encourage states to implement plans for cleaner air.Govt allocated Rs 3,5600 crore for nutrition-related schemes.

2.Presenting the Budget for 2020-21, FM said Rs 99,300 Cr has been allocated for the education sector and Rs 3,000 Cr for skill development for the next fiscal. Steps will be taken to attract external commercial borrowing and FDI in the education sector.National Universities for Forensic & Police were proposed.

3.A total of Rs. 2.83 lakh crore has been allocated in the union Budget 2020 for the Sixteen Action Points for Agriculture, Irrigation and Rural Development. Rs. 1.23 lakh crore has been allocated for the Rural development and Panchayati Raj projects.Broad measures for 100 water-stressed districts proposed.

4.Budget proposed a new scheme NIRVIK to achieve higher export credit disbursement for higher insurance coverage, reduction in premium for small exporters & simplified procedure for claim settlements. National Technical Textiles Mission is also to be set up.Textiles Mission has an estimated outlay of Rs 1480 Cr.

5.Policy to enable private sector to build Data Centre parks in the country to be brought out soon. Fibre to the Home connections through Bharatnet to link 100,000-gram panchayats this year is in plan. 6000 Cr has been proposed for the programme in 2020-21.Allocation of Rs. 2500 crore for 2020-21 for tourism promotion.

6.The government's fiscal deficit touched 132.4% of the full-year target at December-end mainly due to slower pace of revenue collections. In actual terms, the fiscal deficit was Rs 9,31,725 crore as per the Controller General of Accounts (CGA) reports.Government's revenue receipts were 58.4% of the 2019-20 BE.

7.Govt aims to achieve target of Housing for All by 2022 under Pradhan Mantri Awas Yojana-Grameen. A total of over 1 Cr 50 lakh rural houses have been completed in the last 5 years. Beneficiaries will get 1 Cr 95 lakh houses in the 2nd phase of the scheme.Govt has set a target of 60 lakh houses for the current FY.

8.FM Nirmala Sitharaman said that govt plans to sell a partial stake in LIC through IPO. The union budget proposed that the government will sell its stake in IDBI Bank to private investors & also amend the Banking Regulation Act to strengthen co-op banks.LIC owns 51% stake in IDBI Bank, while government holds 46%.

9.Appointments Committee has approved the appointment of M. Ajit Kumar as Chairman Central Board of Indirect Taxes and Customs. It is the national nodal agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India.CBIC was founded on 1 January 1964.

10.Appointments Committee has approved the appointment of M. Ajit Kumar as Chairman Central Board of Indirect Taxes and Customs. It is the national nodal agency responsible for administering Customs, GST, Central Excise, Service Tax & Narcotics in India.CBIC was founded on 1 January 1964.

11.Abbott Tendyne Transcatheter Mitral Valve Implantation (TMVI) system received European CE mark. It is the 1st transcatheter mitral valve replacement (TMVR) technology to gain commercial clearance in the world. This treats significant mitral regurgitation.It provides a safe and effective solution for MR patients.

12.In Tennis, American Sofia Kenin won her 1st Grand Slam title with victory over Spain's Garbine Muguruza at the Australian Open. Kenin won 4-6, 6-2, 6-2 against Muguruza. Kenin is the youngest Australian Open champion since Russian Maria Sharapova in 2008.Men's final is between Novak Djokovic & Dominic Thiem.

13.'Rubigula', Flame-Throated Bulbul, has been unveiled as the official mascot for the Goa 2020 National Games. Goa will host the 36th edition of the National Games from 20th October to 4th November 2020. The event will see participation by 36 states & UTs.The Flame-Throated Bulbul is the state bird of Goa.

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