Current Affairs – March, 2019

Current Affairs 2019 (March) with Latest Current Affairs and news summary on current events of national and international importance for UPSC, Banking, SSC, CLAT, State PCS, IBPS, Railways and other Competitive Examinations.

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India’s April-February Fiscal Deficit at 134% of Target

India’s fiscal deficit stood at 134.2% of the full-year revised budgeted estimate at the end of February 2019. This humungous level of fiscal deficit is attributed to the tepid growth in revenue collections.

The fiscal deficit for April-February 2018-19 stood at Rs 8.51 lakh crore against the revised estimate (RE) of Rs 6.34 trillion for the entire year. The government has stated that it is committed to restricting the fiscal deficit at 3.4% of the Gross Domestic Product (GDP) as envisaged in the Budget.

The receipts of the government stood at Rs 12.65 trillion which is 73.2% of the revised budgetary estimate (BE) and the expenditure incurred by the government stood at Rs 21.88 trillion.

The tax revenue of the government stood at Rs 10.94 trillion and non-tax revenue was Rs 1.7 trillion.

Out of the Rs 21.88 trillion expenditure of government, Rs 19.15 trillion was on revenue account and Rs 2.73 trillion on capital account.

Of the total revenue expenditure, Rs 5.01 trillion was on account of interest payments and Rs 2.63 trillion on major subsidies. The government has also transferred Rs 5.96 lakh crore to the state governments as devolution of a share of taxes by the central government.

Month: Categories: Business, Economy & BankingUPSC

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Why Ballot Papers will be used in Nizamabad instead of EVM?

While the entire Country will vote in EVMs in the Lok Sabha Polls 2019, the people of the Nizamabad in Telangana will vote through Ballot Papers.

Why Ballot Papers in Nizamabad?

For the Lok Sabha Polls 2019 in the Nizamabad Lok Sabha seat, there are 185 candidates in contention. As one EVM can accommodate only 16 candidates and a maximum of 4 EVMs can be used in one polling booth, the Election Commission is forced to switch back to the age-old practice of ballot papers.

Of the 185 candidates in contention 178 are farmers who cultivate Turmeric and Jowar. They are contesting polls to highlight their demand for the remunerative price for their crops.

The Nizamabad Lok Sabha Constituency had received around 200 nominations of these some were rejected and 189 candidates remained in contention after the scrutiny of nomination papers. Of these 4 candidates withdrew their nomination papers.

K Kavitha who is also the daughter of Telangana Chief Minister, Chandrashekhar Rao is the sitting MP from the Nizamabad seat.

Month: Categories: Places in NewsUPSC

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