Sign up now
to enroll in courses, follow best educators, interact with the community and track your progress.
Download
2 FEB- Current Affairs (PIB and The Hindu)
38 plays

More
Part 4

Ashish Malik is teaching live on Unacademy Plus

Ashish Malik
Verified UPSC Educator@Unacademy Plus, Writer, Poet, Alignment Design engineer, Motivational speaker, YouTuber, Blogger, Counsellor

U
Unacademy user
sir .....plz upload the full chapter... plz
PALASH MANDI
a year ago
yes u r right
  1. Press Information Bureau THE HINDU Ashish Malik's Daily Current Affairs (With MCQs)- 02/02/19 unacademy - AshishMalik-8996


  2. Budget at a Glance INTERIM 2017-18 (Actuals) 2018-19 (BE) 2018-19 (RE) RECEIPTS (in crore) EXPENDITURE 2019-20 (in crore) BE) Revenue Capital Revenue Capital Deficit Trends % of GDP 3.5 3.3 2.2 1.2 0.3 3.4 2.2 1.1 0.2 2018-19 3.4 2.2 1.3 0.2 2019-20 Fiscal Deficit 2.6 Revenue Deficit Effective 1.5 0.4 Revenue Deficit Primary Deficit 19 2017-18 (Actuals) 2018- (Budget Revised Estimates) Estimates) Es


  3. 1. Revenue deficit = Total revenue expenditure-Total revenue receipts. . 2. Fiscal deficit Total expenditure - Total receipts excluding borrowings 3. Primary deficit Fiscal deficit-Interest payments.



  4. INTERIM BUDGET 2019-20 Rupee comes from Rupee goes to I5 Borrowings and Other Corporation Tax Central Sector Schemes Interest Payments Liabilities 21p Income Tax Centrally 18p 19p 17p Sponsored 12 Schemes Defence 9p 8p Non-Debt Capital Receipts Customs 4 p Other Expenditure Subsidies RUPEE RUPEE 8p 9p 2019 Union Excise Duties 8p 5 Pensions 21 p 8p Non-Tax Revenue Goods and Service Tax States' Share of Taxes & Duties inance Commission and Other Transfers


  5. Interim Budget and Vote on Account An Interim Budget is not the same as a 'Vote on Account'. . While a 'Vote on Account, deals only with the expenditure side of the government's budget, an Interim Budget is a complete set of accounts, including both expenditure and receipts An Interim Budget gives the complete financial statement, very similar to a full Budget.


  6. * The vote-on-account is normally valid for two months . As a convention, a vote-on-account is treated as a formal matter and passed by Lok Sabha without discussion o But passing for budget happens only after discussions and voting on demand for grants.


  7. U.S. to pull out of nuclear Treaty The U.S is suspending its obligations under the Intermediate-Range Nuclear Forces (INF) Treaty effective February 2 and will withdraw from the treaty in six months . The 1987 Intermediate-Range Nuclear Forces (INF) Treaty required the United States and the Soviet Union to eliminate and permanently forswear all of their nuclear and conventional ground-launched ballistic and cruise missiles with ranges of 500 to 5,500 kilometers. INF Treaty, the United States and the Soviet Union destroyed a total of 2,692 short-, medium-, and intermediate-range missiles by the treaty's implementation deadline of June 1, 1991


  8. Interesting Facts INF Treaty covers all types of ground-launched cruise and ballistic missiles - whether their payload is conventional or nuclear. Moscow and Washington are prohibited from deploying these missiles anywhere in the world, not just in Europe. However, the treaty applies only to ground-launched systems. Both sides are free to deploy air- and sea- launched missiles within the 500-to-5,500-kilometer range.


  9. Reason for US decision? US has repeatedly alleged that Russia was violating the treaty by fielding a ground-based cruise missile, the Novator 9M729 ("SSC-8" in NATO terminology) that could strike Europe at a short notice, an allegation that Russia has repeatedly denied. . The Russians have raised counter-allegations against the U.S., with regard to launchers for antiballistic missile systems in Europe The U.S. has also been concerned that China has been gaining a strategic advantage over it as it is not party to the treaty and bound by its terms. Withdrawal from the treaty will increase the weapons options for the U.S. in the Pacific, where China has increased its influence.


  10. MCQs- 02/02/2019 Q.1 ldate Commission, recently in news is related to which of the following? a) 10% Reservation on Economic basis b) Police Reforms c) Welfare of nomadic communities d) Findings of Demonetization impact


  11. Q.2 As announced in Budget 2019-20, a committee is going to be formulated for welfare panel for nomadic, semi-nomadic and de-notified communities under: a) NITI Aayog b) Ministry of Social Justice and Empowerment c) Ministry of Women and Child development d) Ministry of Home Affairs


  12. Vision 2030 1. To build physical as well as social infrastructure and to 2. To create a Digital India, digitise government processes with 3. Making India pollution-free by leading transport revolution 4. Expanding rural industrialisation using modern digital 5. Clean up rivers, provide safe drinking water to all Indians provide ease of living leaders from youth. with Electric Vehicles and focus on Renewables. technologies to generate massive employment. and ensure efficient use of water through micro-irrigation


  13. Q.4 Pradhan Mantri Shram-yogi maandhaarn a new initiative of Budget 2019-20 relates to:- a) Unorganised workers b) Child Labours c) Bonded Labours d) Organised workers


  14. Q.4 Pradhan Mantri Shram-yogi maandhaarn a new initiative of Budget 2019-20 relates to:- a) Unorganised workers b) Child Labours c) Bonded Labours d) Organised workers


  15. Q.5 Consider the following statements about PM-Kisan scheme 1. It's a direct income support scheme for farmers 2. Rs.6000 per year will be provided to farmers having cultivable land upto 2 hectare Select the correct code: a) 1 only b) 2 only c) Both d) None


  16. Q.7 Considering the budget breakdown, select the correct statement(s): 1. Allocation for agriculture and defence has been increased 2. There is significant increase in allocation of budget for education and health sector. Code:- a) lonly b) 2only c) Both d) None


  17. Q.8 Arrange the following items in decreasing order of expenditure estimates as per Budget 2019-20 1. State's share of taxes and duties 2. Interest payments 3. Central sector schemes 4. Subsidies Code a) 3-2-1-4 b) 1-2-3-4 c) 2-1-4-3 d) 3-1-2-3


  18. Q.9 Choose the correct statement(s): 1. Interim Budget deals only with the expenditure side of the government's budget, whereas 'Vote on Account' includes both expenditure and receipts. 2. The vote-on-account is normally valid for two months 3. Vote-on-account is passed by Lok Sabha without discussion, whereas passing for budget happens only after discussions and voting on demand for grants. Code: a) 1 and2 b) 1 and 3 c) 2 and 3 d) 1,2 and3


  19. Q.9 Choose the correct statement(s): 1. Interim Budget deals only with the expenditure side of the government's budget, whereas 'Vote on Account' includes both expenditure and receipts. 2. The vote-on-account is normally valid for two months 3. Vote-on-account is passed by Lok Sabha without discussion, whereas passing for budget happens only after discussions and voting on demand for grants. Code: a) 1 and2 b) 1 and 3 c) 2 and 3 d) 1,2 and3