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Why in the News? Finance Minister Nirmala Sitharaman asserts that 25 crore Indians were lifted out of poverty in the past decade. This achievement is attributed to the government’s inclusive policies under ‘Sabka ka Saath’. Source: IE Basis of Assessment: Discussion paper titled “Multidimensional Poverty in India Since 2005-06” by NITI Aayog, co-authored by Ramesh …
Read MoreWhy in the News? Uttarakhand government has prepared a draft to implement Uniform Civil Code In the State. Source: Organizer Key Aspects of the Draft: Exemption for tribal communities from proposed legislation. Prioritization of women’s equality and ban on practices like polygamy. Uniform marriage age suggested across religions. Punishment for practices like halala, iddat, and …
Read MoreSyllabus: GS 3 : Government Budgeting Focus: India’s economic strategy, characterized by fiscal prudence and capital expenditure-led growth, has garnered global acclaim for its effectiveness in navigating economic challenges while fostering inclusive development. Emphasizing fiscal responsibility alongside strategic investments in infrastructure and human capital, India’s approach aims to create a conducive environment for sustainable economic …
Read MoreWhy in the News? Finance Minister echoes Prime Minister’s pledge to electrify one crore households through rooftop solar setups in the Interim Budget 2024-25. Each household can potentially receive 300 units of free electricity monthly, amounting to yearly benefits of ₹15,000-18,000 by selling surplus power back to distribution companies. Budget Allocation and Current Scenario: Government …
Read MoreWhy in the News? The Union Ministry of Railways receives ₹2.55 lakh crore for FY 2024-25, a 5.8% increase from the previous year’s allocation. Finance Minister announces three major economic railway corridor programs. About Economic Corridor Programs: Three major economic railway corridor programs: Energy, Mineral, and Cement Corridor; Port Connectivity Corridor (Rail Sagar); and High-Traffic …
Read MoreWhy in the News? The Finance Minister announces a new scheme for bio-manufacturing and bio-foundry in the interim Budget speech. About the Scheme: Aims to promote eco-friendly alternatives like biodegradable polymers, bio-plastics, pharmaceuticals, and agricultural inputs. Part of the strategy to boost India’s bio-economy, targeting a $300 billion contribution by 2030, aligning with sustainability and …
Read MoreWhy in the News? ASHA and anganwadi workers will now receive health cover under Ayushman Bharat, aiming to enhance healthcare accessibility for grassroots health workers. The Interim Budget increases the allocation to the Health Ministry to ₹90,658.63 crore, with additional funding for the Ayush Ministry. Health Sector Enhancements: The U-WIN platform for managing immunization and …
Read MoreWhy in the News? The Centre reduces fertilizer subsidies, citing improved conditions in Ukraine and higher domestic production. The Fertilizer Department’s allocation for the Budget is ₹1,64,150.81 crore, down from ₹1,75,148.48 crore in the previous year. Source: IE Key Highlights: Food subsidy allocation rises, including ₹2,05,250 crore for PM-GKAY and ₹1 lakh crore for Sugar …
Read MoreWhy in the News? The Interim Budget earmarks ₹86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), up by ₹26,000 crore from the previous year. However, this matches the revised estimates for the ongoing financial year, potentially resulting in no net gain for the scheme Source: GeeksforGeeks Key Highlights: MGNREGS expenditure is …
Read MoreWhy in the News? Finance Minister Nirmala Sitharaman announced the establishment of a high-power committee during her interim Budget speech. This committee’s primary focus will be to examine the challenges stemming from rapid population growth and demographic shifts. Source: ORF About the Committee: Committee Aims: Aims to offer comprehensive solutions for addressing challenges effectively. Raised …
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