India Current Affairs 2017

Budget Box: Countrywide coverage of Direct Benefit Transfer Scheme – “Aapka Paisa, Aapke Haath”

Government’s direct cash transfer programme- the Direct Benefit Transfer Scheme which began on January 1, 2013 which benefitted 11 lakh poor people will be rolled out throughout the country.

“Aapka Paisa, Aapke Haath”

Slogan for the Direct Cash Transfer scheme from Govt: Aapka Paisa, Aapke Haath (your money in your hands)

Direct Cash Transfer to beneficiaries of various welfare schemes by Govt.

Objective:

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Budget Box: Fiscal deficit for 2012-13 contained at 5.2%

As per Finance Minister P Chidambaram, government has contained the fiscal deficit for the current financial year at 5.2% of GDP, lower than 5.3% as was targeted. Revenue Deficit has been contained at 3.9% in the current fiscal.

Future Roadmap:

  • The Budget 2013-14 proposed to slash it to 4.8% by 2013-14 and then further bringing it down to 3% by 2016-17.
  • Revenue Deficit would be brought down to 3.3% in 2013-14 and then a further low to 1.9% by 2016-17 as proposed.

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