16-12-21 Daily-Himachal Pradesh-HPPSC Current Affairs

Himachal Pradesh Affairs

Himachal: Revenue receipts decreased by Rs 204 crore in 2019-20, CAG report shows

Himachal Pradesh witnessed a decrease of Rs 204.94 crore in in 2019-20 as compared to 2018-19, the Comptroller and Auditor General (CAG) of India stated.

The CAG of India in its report, tabled by Chief Minister Jai Ram Thakur in the state Assembly on the last day of the winter session at Tapovan in Dharamshala on Wednesday, said the total revenue receipts of the government for the year 2019-20 stood at Rs 30,745.36 crore as compared to Rs 30,950.28 crore during the previous year.

There was a decrease in revenue receipts over the previous year by Rs 204.92 crore.

The maturity profile of outstanding stock of Public Debt and interest of Rs 62,234 crore (principal Rs 40,572 crore and interest Rs 21,662 crore) as on March 31 2020 indicates that the annual outgo in the shape of public debt repayment and interest will be about Rs 6,207 crore during the next five years up to 2024-25, it added.

The CAG further stated the financial liability of the state increased 14.57 per cent during 2019-20 to Rs 62,212 crore. The internal debt of the government increased to Rs 39,528 crore (11.78 per cent) during 2019-20 from Rs 35,363 crore in 2018-19.

During 2019-20, the total expenditure (Rs 36,362 crore) of the state increased by Rs 1,869 crore (5.42 per cent) over the year 2018-19, it added.

The state had a negative Growth (minus 0.67 per cent) in revenue receipts during 2019-20 over the previous year, which was a significant reduction from 2015-16 (31.37 per cent).

Out of the total revenue receipts of Rs 30,745.36 crore, 33 per cent was raised through tax revenue and non-tax revenue avenues. The balance 67 per cent was received from the Government of India as the states share of divisible Union taxes (Rs 4,677.56 crore and grants-in-aid Rs 15 939.52 crore).

National and International Affairs

Ladakh gets its First FM Radio Station

Ladakh received its first ever FM radio station in the capital city Leh.

The first-ever Top FM radio in Leh was launched by Advisor of Ladakh, Umang Narula.

The frequency for Leh & Kargil will be 91.1 FM.

It will cover 50 kilometres aerial distance in radius.

Cabinet approved 76,000 crore scheme to boost semiconductor manufacturing

approved a Rs 76,000-crore scheme for boosting semiconductor and display manufacturing in India.

This scheme was approved in order to position India as a global hub for hi-tech production, as well as to attract large chip makers.

It would also strengthen Indias ambitions to be self-reliant in electronics manufacturing and bring huge investments.

This move will generate 35,000 specialised jobs and indirect EMPLOYMENT for one lakh people.

Under the scheme, government has lined up incentives for companies engaged in silicon semiconductor fabs, compound semiconductors, display fabs, sensors fabs, silicon photonics, semiconductor packaging and semiconductor design. With the launch of this scheme, government expects investments of about Rs 1.7 lakh crore and 1.35 lakh jobs in upcoming four years.

Accelerated Irrigation Benefit Programme (AIBP)

AIBP is a flagship programme, launched by government of India with the aim of providing financial support to Irrigation projects.

With the continuation of scheme during 2021-26, total target of additional irrigation potential creation is 13.88 lakh hectare.

Beside the focused completion of 60 ongoing projects, additional projects can also be taken up.

Cabinet has relaxed the inclusion criteria for projects under tribal and drought prone areas.

This component of the scheme focuses on development of rainfed areas for & water conservation, arresting runoff, regeneration of ground water and promoting extension activities related to water harvesting & management.

The approved Watershed Development component will cover 49.5 lakh hectare rainfed or degraded lands for bringing additional 2.5 lakh hectare under protective irrigation during 2021-26.

Cabinet approves implementation of PMKSY for 2021-26

Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi, approved implementation of Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2021-26.

Scheme was implemented with an outlay of Rs.93,068 crore.

CCEA approved central support of Rs.37,454 crore to States.

20,434.56 crore of debt servicing has been approved for loan availed by Government of India to develop Irrigation during PMKSY 2016-21.

As a part of the scheme, Accelerated Irrigation Benefit Programme (AIBP), Watershed Development and Har Khet ko Paani (HKKP) components have been extended for 2021-26.

India-Poland treaty on assistance in criminal matters receives Cabinet approval

chaired by Prime Minister Narendra Modi approved India andPolandtreaty on mutual legal assistance in criminal matters.

This treaty is aimed at enhancing capability and effectiveness of India as well as Poland in investigation and prosecution of crimes through mutual legal assistance. It will also include crimes related to terrorism.

It also seeks to enhance effectiveness in investigation and prosecution of crime, through mutual legal assistance.

With respect to transnational crime and its linkages to terrorism, the treaty will provide a legal framework for a bilateral cooperation withPolandin investigation and prosecution of crime.

UNESCO adds Durga Puja to its Intangible Heritage list

Intergovernmental Committee for Safeguarding of the Intangible Cultural Heritage decided, in its 16thsession, to inscribed in Kolkata on the Representative List of Intangible Cultural Heritage of Humanity.

16thsession of UNESCO is being held, starting from December 13, 2021. It will conclude on December 18, 2021.

Till now, Durga Puja was celebrated in many parts worldwide. But an official global recognition was pending.

Durga Puja is a classic fusion of religion and culture. It is regarded with a lot of pride. This festival is performed and celebrated predominantly by the Bengali community.

As per UNESCO, cultural heritage does not end at collections of objects and monuments. It also includes traditions or living expressions which have been inherited from ancestors and passed on to descendants. It is a practice, expression, representation, knowledge, or skill considered by UNESCO.

Background

The National Unity Government (NUG) comprises of pro-Democracy groups and some members from Myanmars civilian administration, which was overthrown in a military coup recently. The NUG has been working to raise funds for its revolution of toppling the ruling military government in Myanmar. In the other move, the Military government has outlawed and designated NUG as a terrorist.

Tether is a , which is hosted on the Ethereum blockchain. Its tokens are issued by Tether Limited. Tether limited is controlled by owners of Bitfinex. Tether is called a stablecoin, since it was originally designed to always be worth US$1 and maintain $1.00 in reserves.

Myanmar: NU Government officially accepts Tether cryptocurrency

Myanmars shadow government has allowed the use of worlds largest called Tether.

Tether Cryptocurrency will be used as an official currency.

This move will make it easier to raise funds and make payments.

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