17-12-21 Daily-Himachal Pradesh-HPPSC Current Affairs

The Comptroller and Auditor General (CAG) of Indias report, for the year ending March 2020, tabled in theHimachal Pradesh assemblyon Wednesday revealed thatof the State Government increased from Rs 27,910 crore in 2015-16 to Rs 40,572 crore in 2019-20 registering an increase of 45.37 per cent during the period 2015-20.

The burden of interest payment ranged from nine to 10 per cent of the Revenue Receipts.
During 2015-20, 45.83 to 72.71 per cent of debt receipts were used for discharging existing liabilities.

However, during the five-year period 2015-16 to 2019-20, while GDP has grown at a CAGR (compound annual Growth rate) of 7.69 per cent, the outstanding public debt has grown at a faster rate of 7.77 per cent.

The CAG said that borrowed funds should ideally be used to fund capital creation and developmental activities.

Using borrowed funds for meeting current consumption and repayment of interest on outstanding loans are not sustainable.

It said that during 2015-20, no portion of debt receipts was used for meeting Revenue Expenditure.

The borrowed funds are used for repayment of previous borrowings (principal) and on Capital Expenditure.
It said that there has been a continuous decreasing trend in the growth of revenue receipts except the year 2018-19.

As compared to a growth of 31.37 per cent in 2015-16, the revenue receipts registered a decrease of 0.67 per cent in 2019-20, which resulted in higher dependency on borrowed funds for meeting the current consumption.

Only 33 per cent of the revenue receipts came from the states own Resources comprising taxes and non-taxes, while the remaining 67 per cent was contributed by central transfers comprising the States share in central taxes and duties (15 per cent) and grants-in-aid from GoI (52 per cent).

Delayed implementation of the projects in India increases the project cost as well as disturb the pace of development. This portal will help in mitigating this concern. Because of ranking available to all the States, it will be easier to monitor the progress of developmental projects. This in turn will increase the speed of projects.

MIS portal is being dubbed as a Vikas Portal. Portal will not only show data and figures but also the speed of development in India. It is a result of the vision of Prime Minister Narendra Modi to provide impetus to the Gati Shakti Mission.

Union Minister for Rural Development & , Giriraj Singh, launched MIS (Management Information System) portal to ranking of States/UTs in Land Acquisition Projects.

With the launch of this portal, states/UTs will be ranked in Land Acquisition Projects under RFCTLARR Act, 2013, which is dubbed as Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013.

Based on the ranking and performance, the top 3 States and top 3 districts will be awarded.

The United Nations cultural agency, UNESCO placed a traditional Haitian soup called Joumou Soup in the intangible cultural heritage list.

Haitian soup is widely considered as a symbol of Indias independence.

Joumou soup is much more than a dish. It tells the story of heroes & heroines of Haitian independence as well as their struggle for Human Rights and hard-won freedom.

It is a squash-based soup and it became a symbol of things long forbidden to slaves under the French domination until Haiti became independent on January 1, 1804.

Haitians celebrated their freedom by consuming the soup.

They traditionally serve the soup on New Years Day for commemorating the anniversary of liberation from slavery.

A new generation Nuclear-Capable Ballistic Missile called Agni P was test-fired by DRDO.

Dr. APJ Abdul Kalam‘s island off the coast of Odisha was the launch site for Agni P.

Several telemetries, electro-optical stations, radar, and downrange ships positioned along the eastern coast followed and monitored the missile’s trajectory and parameters.

Agni P followed a textbook trajectory and met the mission’s goals with great precision.

Agni P is a two-stage solid-propellant ballistic missile with a redundant and guidance system.

It is the successor to the Agni-I and Agni-II missiles, created by the DEFENCE Research and Development Organisation (DRDO).

India and Vietnam signed a statement of intent for improved postal cooperation on 17 December.

Highlights:

It was signed to recognize the two countries’ extensive strategic and economic connections.

India-Vietnam relations have been extraordinarily amicable and cordial. Prime Minister Nehru and President Ho Chi Minh created the foundations for the relationship 50 years ago. Cultural and commercial ties between the two countries, on the other hand, extend back to the second century.

Since 1992, bilateral ties have grown significantly in economics, <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture, and .

The relationship is not solely based on economic considerations; there has also been substantial development of bilateral military cooperation.