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India’s new finance minister, Arun Jaitley, presented his maiden Budget on July 10. Much has been expected from this government, which is widely considered to be pro-industry and reform-friendly.
While the Budget had significant announcement like the raising of foreign investment caps in defense and insurance, as well as a change in income-tax norms, it also set very ambitious growth targets.
Can Jaitley achieve them even as the global economy struggles to get back on track? This is an uphill task and will require more bold and politically tough decisions.
Share your feedback with us on twitter @MSLGROUP_India
Current Affairs
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UPPSC
BPSC
JKPSC
HPPSC
PPSC
HPSC
JPSC
UKPSC
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MPPSS
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DANICS
Chhattisgarh Public Services Commission
Manipur Public Services Commission
Nagaland Public Services Commission
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Tripura Public Services Commission
Arunchal Pradesh Public Services Commission
Mizoram Public Services Commission
Maharashtra Public Services Commission
Goa Public Services Commission
Gujarat Public Services Commission
India’s new finance minister, Arun Jaitley, presented his maiden Budget on July 10. Much has been expected from this government, which is widely considered to be pro-industry and reform-friendly.
While the Budget had significant announcement like the raising of foreign investment caps in defense and insurance, as well as a change in income-tax norms, it also set very ambitious growth targets.
Can Jaitley achieve them even as the global economy struggles to get back on track? This is an uphill task and will require more bold and politically tough decisions.
Share your feedback with us on twitter @MSLGROUP_India
Current Affairs
UPSC
TNPSC
UPPSC
BPSC
JKPSC
HPPSC
PPSC
HPSC
JPSC
UKPSC
RPSC
MPPSS
APPSC
KPSC
Kerala Public Services Commission
TSPSC
DANICS
Chhattisgarh Public Services Commission
Manipur Public Services Commission
Nagaland Public Services Commission
Assam Public Services Commission
Sikkim Public Services Commission
Meghalaya Public Services Commission
Tripura Public Services Commission
Arunchal Pradesh Public Services Commission
Mizoram Public Services Commission
Maharashtra Public Services Commission
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4. Odisha CM launches health scheme
• Odisha Chief Minister Naveen
Patnaik announced the start of
Biju Swasthya Kalyan Yojana
(BSKY), an universal health
coverage scheme in the state on
15th August 2018.
• The scheme would benefit 70
lakh families.
• Under the scheme, secondary
and tertiary chashless health care
assistance will be provided up to
Rs 5 lakh per family per annum.
5. Raj to observe Sept as ‘month of nutrition’
• Rajasthan will observe
September as the “month of
nutrition” to create awareness
among people living in the
state.
• In the month of nutrition
awareness in rural as well as
urban areas will be created for
nutrition.
• From September, students of
Class 1 to 8 of government
schools will be given milk daily
instead of thrice a week.
6. Trade deficit hits 62-month high in July
2018
• A sharp rise in the crude oil bill led
to India’s trade deficit widening to
a 62-month high in July 2018,
despite exports growing by
14.32%.
• The trade deficit increased to
$18.02 billion in July 2018, up from
$16.61 billion in June 2018.
• A broad-based hardening of the
international crude price has led to
the trade deficit rising every month
in 2018-19.
7. Shaurya Chakra for Major Aditya, Aurangzeb
• Rifleman Aurangzeb and Major
Aditya Kumar of Indian Army
will be conferred the Shaurya
Chakra along with 18 others
Armed Forces Personnel and
members of Paramilitary
Forces.
• Sepoy Vrahma Pal Singh was
selected for Kirti Chakra
posthumously.
• The President has approved
131 Gallantry Awards to
armed forces personnel and
members of paramilitary
forces.
8. Prez awards medals to Indian Coast Guard
• President of India has awarded
one President’s Tatrakshak Medal
for Distinguished Service, five
Tatrakshak Medal for Gallantry
and two Tatrakshak Medal for
Meritorious Service on the to
Indian Coast Guard personnel.
• The President’s Tatrakshak Medal
for Distinguished Service has
been awarded to IG Rakesh Pal.
• These awards are being given to
the personnel of Indian Coast
Guard since 1990.
9. Ramesh appointed women’s team head coach
• The Board for Control of Cricket
in India (BCCI) appointed
Ramesh Powar as the Head
Coach of Indian Women’s
Cricket Team.
• Powar’s term will include a tour
to Sri Lanka, a bilateral series in
the West Indies in October 2018
followed by the ICC Women’s
World T20 in West Indies in
November 2018.
• Powar has played 31 ODIs and
two Tests from 2004 to 2007 for
India.
10. REC inks pact with German bank
• Rural Electrification Corporation
has inked a loan agreement with
German bank KfW for EUR 200
million.
• The fund will be used to finance
clean energy projects in India.
• This is REC’s fourth line of credit
under Indo-German development
cooperation which REC will utilise
to finance renewable energy
projects in India.
11. New concession model for greenfield airports
• The Ministry of Civil Aviation has
proposed a new financial model for
building greenfield airports.
• Under new model, the concession
fee given by the airport operator to
the concessioning authority will be
based on a ‘per passenger
aeronautical model’.
• The new model will be followed for
building the Jewar airport in Uttar
Pradesh.
• The new model will encourage
increased private investment.
12. Scheme for monitoring drugs safety aspects
• The AYUSH Ministry introduced a
new central sector scheme for
monitoring of the safety aspects
of Ayurveda, Siddha, Unani and
Homoeopathy drugs and
documenting their adverse
effects.
• The ministry introduced the
scheme for promoting
pharmacovigilance of these
drugs.
• All India Institute of Ayurveda
was designated as the National
Pharmacovigilance Centre.
13. WB govt lifts income ceiling for ‘Kanyashree’
• The West Bengal government has
widened the reach of its flagship
women welfare scheme
‘Kanyashree’ by lifting the ceiling
on annual family income.
• As per the scheme, unmarried
girls above 13 years are offered
cash incentive for remaining
unmarried till 18.
• Kanyashree was launched in 2013
to prevent child marriage in
economically weaker sections
with an annual household income
of ₹1.2 lakh.