Daily News

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FM emphasises on building ''caring society'' in budget

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.

Did you Know

Govt allocated Rs 3,5600 crore for nutrition-related schemes.

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Budget 2020: Rs 99,300-crore blueprint to take education to next level

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.

Did you Know

National Universities for Forensic & Police were proposed.

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Budget 2020: Sixteen Action Points for Agriculture, Irrigation & Rural Development

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.

Did you Know

Broad measures for 100 water-stressed districts proposed.

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Budget 2020: New scheme NIRVIK to be launched to achieve higher export credit disbursement

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.

Did you Know

Textiles Mission has an estimated outlay of Rs 1480 Cr.

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Budget 2020 proposed Rs.6000 Cr for Bharatnet programme in 2020-21

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.

Did you Know

Allocation of Rs. 2500 crore for 2020-21 for tourism promotion.

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Fiscal deficit hits 132 per cent of Budget Estimate till December

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.

Did you Know

Government's revenue receipts were 58.4% of the 2019-20 BE.

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Union Govt aims to achieve objective of Housing for All by 2022 under PMAY-G

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.

Did you Know

Govt has set a target of 60 lakh houses for the current FY.

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Union Government plans to raise funds through LIC IPO

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.

Did you Know

LIC owns 51% stake in IDBI Bank, while government holds 46%.

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Government appoints M Ajit Kumar as Chairman of CBIC

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.

Did you Know

CBIC was founded on 1 January 1964.

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Mumbai's favourite arts festival Kala Ghoda kicks off

Mumbai's favourite arts festival Kala Ghoda kicked off on 1 February. In its 21st edition, this year the annual arts extravaganza is packed with a bigger selection of vibrant events. It will be held for 9 days. Festival will extend till Cross Maidan.

Did you Know

Contemporary artworks, music & theatre will be its part.

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World's First Transcatheter Mitral Valve Approved in Europe

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.

Did you Know

It provides a safe and effective solution for MR patients.

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Australian Open: American Sofia Kenin wins her first Grand Slam title

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.

Did you Know

Men's final is between Novak Djokovic & Dominic Thiem.

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Flame-Throated Bulbul 'Rubigula' official mascot for Goa 2020 National Games

'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.

Did you Know

The Flame-Throated Bulbul is the state bird of Goa.

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Liberty General Insurance Introduces 'Pay for the Distance'- an Innovative Feature for Low Mileage Drivers

Under IRDAI’s Regulatory Sandbox initiative, Liberty General Insurance Ltd. introduced a new and innovative feature ‘Pay for the Distance’ under its existing Private Car Package Policy. It will be applicable only for the Own Damage section of the policy.

Did you Know

IRDAI (Insurance Regulatory Development Authority of India)

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2 February: World Wetlands Day

World Wetlands Day occurs annually on February 2 since 1997, marking the date of the adoption of the Convention on Wetlands on February 2, 1971 when a small group of environmentalists signed an international agreement at the Ramsar Convention in Iran.

Did you Know

2020 Theme: Wetlands and Biodiversity.