Andhra Pradesh unveils Rs 2.56 lakh crore budget, revenue deficit at Rs 17,000 crore
Finance minister BugganaRajendranath on Friday tabled the budget for 2022-23 with an outlay of Rs 2.56 lakh crore and a revenue deficit of Rs 17,036 crore. This was against Rs 2.29 lakh crore budget with just Rs 5,000 crore revenue deficit that he had presented for financial year 2021-22.
Rajendranath said that the government is guiding the people “on the path of development and prosperity” through the four pillars of development policy making, which are the standard models of economic focus. They are human capacity development, infrastructure provision, livelihoods support and social security, the minister said.
He said that the government’s programmes being implemented through the Navarathnalu are categorised in these four pillars and integrated them with the Sustainable Development Goals (SDGs) of the United Nations. However, Covid-19 pandemic had hit the state economy, the minister said and added that the government had taken several steps to protect the lives and livelihoods of the people.
He said that the policy-making with the combination of Navaratnalu and the guiding four pillars principle have helped the state to registered an upward growth to keep peoples’ lives protected and the SDGs are guaranteed.
The allocation for all the social service sectors touched Rs 1,13,340 crore which is nearly 42 per cent of the total budget.
The finance minister granted nearly Rs 30,000 crore for the education sector while the agriculture sector got Rs 13,000 crore.
The health sector got Rs 15,384 crore. The finance minister granted Rs 69,306 crore for the economic activities sector. This is nearly 27.5 per cent of the total outlay.
The irrigation sector got Rs 11,482 crore while the energy sector got Rs.10,281 crore.
Buggana granted Rs 170 crore for the construction of multi-speciality hospitals in tribal areas.
Rs 250 crore was granted for the upgradation of the district hospitals into medical colleges.
Minister had also granted Rs 320 crore for new medical colleges. He spared Rs 753 crore for the renovation of medical colleges under Nadu-Nedu.
Rs 1,603 crore was granted for Nadu-Nedu in other hospitals across the state.
The core scheme of YS Jagan Mohan Reddy government-YSR Arogyasri got Rs 2000 crore allocation.
The brainchild of chief minister YS Jagan, the AmmaVodi scheme will get Rs 6,500 crore.
The finance minister granted Rs.18518 crore for SC Sub-Plan which was increased from Rs 13, 835 crore.
ST sub-plan got Rs 6,145 crore which jumped from Rs 5,318 crore. BC sub-plan grant was increased to Rs 29,143 crore from Rs 28,238 crore.
Minority action was increased to Rs 3,532 crore from Rs 3,306 crore. EBC welfare budget saw a nearly 100 per cent of increase from Rs 3,306 crore to Rs 6,639 crore.
Finance minister BugganaRajendranth, special SC (finance) SS Rawat, principal secretary Sashibhushan Kumar and secretary KVV Satyanarayana held special prayers in the secretariat before the presentation of the budget to the state cabinet.
Cabinet chaired by chief minister YS Jagan Mohan Reddy stamped its nod to the annual budget little before the minister presented it to the assembly.
Saudi schools to introduce yoga as a sport soon
Yoga will soon be introduced in schools in Saudi Arabia as part of the sports curriculum due to its significance for mental and physical health, the president of the Saudi Yoga Committee, Nouf Al-Marwaai, said. Notably, the commerce ministry approved the teaching and practice of yoga as a sport in the Kingdom in 2017.
With the cooperation of the ministry of education, the president said that yoga will be introduced in the curriculum because of its multitude of health benefits. Earlier this week, there was an introductory lecture highlighting the cooperation between the Saudi Yoga Committee and the Saudi School Sports Federation.
Permanent Normal Trade Relations (PNTR)
U.S. and others in the Group of Seven (G7) advanced economies would end normal trade relations, known as Permanent Normal Trade Relations (PNTR) with Russia as it pursues its invasion of Ukraine.
PNTR is USA’s version of Most Favored Nation (MFN).
In international trade, MFN status (or treatment) is awarded by one nation to another.
Most Favoured Nation status designation means two countries have agreed to trade with each other under the best possible terms: low tariffs, few barriers to trade and the highest possible imports allowed.
A nation with MFN status will not be discriminated against and will not be treated worse than any other nation with MFN status.
In USA’s case, granting of permanent normal trade relations status is automatic, except where specifically denied by law.
National Vaccination Day: 16 March
Every year, March 16 is observed as National Vaccination Day in India to increase the importance of vaccines in the human health system. The Covid-19 has made us understand the importance of vaccines and their role in benefitting our lives.
This day creates awareness regarding how effective vaccination is to prevent deadly diseases. Mostly, this day celebrates India’s victory over polio disease along with an improvement in the health and life expectancy of an individual.
The first dose of oral polio vaccine got started in the year 1995 in India.
IIFL securities launches primary markets investment platform OneUp
IIFL Securities on Friday launched ‘OneUp’, India’s first primary markets investment platform for investing in initial public offerings (IPOs), non-convertible debentures (NCDs) and sovereign gold bonds (SGBs), among others.
As per the brokerage, on the OneUp platform, the IPO applications are accepted 24×7 and up to three days before the IPO bidding opens. Another unique feature of the OneUp platform is that it allows investors to place bids for others as well, be it, friends or family members, which can increase chances of allotment.
Delhi Government launched Online portal ‘My EV’
An online portal “My EV” was launched by the Delhi government for the purchase and registration of electric autos in Delhi.
The portal is accessible to all users on the website of the Delhi government’s transport department.
The portal will enable holders of the Letter of Intent (LoI) to purchase electric autos and also claim the incentives provided by the Delhi government. Around 4,261 Letters of Intent (LoIs) for electric autos are being given by the Delhi government. Also, there is a 33% reservation provided for women.
The online portal will ensure that the interest subvention on the loans is provided to beneficiaries via a smooth automated channel.
The ‘My EV Portal’ is an online portal developed by the Delhi government in collaboration with Convergence Energy Services Limited (CESL).
An Employment initiative Capital Employer
The Capital Employer Initiative is a programme financed by the Ministry of Rural Development (MoRD) under the DeenDayalUpadhyayaGrameenKaushalyaYojana (DDU-GKY), which is a nationwide placement-linked skill training program.
Captive Employer’, is a first of its kind initiative that is aimed at addressing the vision of a demand-based and dynamic skilling ecosystem that caters to the requirements of the industry while assuring sustainable placements for the rural poor youth of the country. Under this initiative, post-training placement of candidates for at least six months with a minimum CTC of Rs 10,000 has been assured.APPSC GROUP 1 Notes brings Prelims and Mains programs for APPSC GROUP 1 Prelims and APPSC GROUP 1 Mains Exam preparation. Various Programs initiated by APPSC GROUP 1 Notes are as follows:-
- APPSC GROUP 1 Mains Tests and Notes Program 2022
- APPSC GROUP 1 Prelims Exam - Test Series and Notes Program 2022
- APPSC GROUP 1 Prelims and Mains Tests Series and Notes Program 2022
- APPSC GROUP 1 Detailed Complete Prelims Notes 2022