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Daily Current Affairs – 2 Feb 2021 : GKToday Updates
1. Union Budget 2021-22 Key Highlights
- The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st Feb in the Parliament. The first paperless budget was touted as an Economic vaccine.
- 6 pillars of the Union Budget 2021-22:
- Health and Wellbeing;
- Physical & Financial Capital, and Infrastructure;
- Inclusive Development for Aspirational India;
- Reinvigorating Human Capital;
- Innovation and R&D;
- Minimum Government and Maximum Governance
- The Budget 2021 has proposed several new schemes and announcements including the launch of PM Atmanirbhar Swasth Bharat Yojana, Mission Poshan 2.0, Urban Jal Jeevan Mission, Urban Swacch Bharat Mission, Voluntary Vehicle Scrapping Policy, National Railway Plan, National Hydrogen Mission, First Digital Census, Investor Charter and first central university in Leh.
- Finance Minister made no announcement for change in the Income Tax Slabs or exemptions in the Union Budget. However, the Budget 2021 exempts senior citizens of 75 years & above from filing ITR.
- Fiscal deficit estimated at 9.5% of GDP for 2020-21. Fiscal deficit for 2021-22 pegged at 6.8% of GDP.
- Rs 35,000 crore to be allocated for further funds for COVID-19 vaccines.
- FM announces further infusion of Rs 20,000 crore in PSBs.
- FDI in insurance sector proposed to be hiked to 74% from 49% now.
- Agriculture Infrastructure & Development Cess (AIDC) of Rs 2.5 per litre & Rs 4 per litre on Petrol & Diesel to be imposed respectively.
- A record Rs 1,10,055 crore has been provided for Indian Railways. Out of the total, Rs 1,07,100 crore will be provided for capital expenditure in 2021-22.
- The budget proposes an increase in agriculture credit target to Rs 16.5 lakh crore.
2. India, Qatar holds fourth Foreign Office Consultations virtually
- The fourth Foreign Office Consultations between India and Qatar were held virtually. The Indian side was led by Sanjay Bhattacharyya, Secretary (Consular, Passport and Visa and OIA), Ministry of External Affairs.
- The Foreign Office Consultations provided an opportunity to review the entire gamut of bilateral relations, including political, energy, trade, investments, defence, food security, health security, science and technology, consular, community and cultural issues.
- Both sides reiterated their commitment to work closely together in these areas and further discussing new areas of cooperation.
- The two sides also exchanged views on issues of mutual interest at the regional and multilateral levels, including cooperation at the UN and other international forums.
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Capital: Doha; Currency: Qatari Riyal
3. Centre allows cinema halls to operate with full capacity
- The Centre has allowed cinema halls to operate with their full capacity from Feb 1st.
- Information and Broadcasting Minister Prakash Javadekar released the new Standard Operating Procedures on preventive measures to contain spread of COVID-19 for cinema halls and theatres.
- The SOP states that no Exhibition of Film shall be allowed in containment zones and Sates and UTs may consider proposing additional measures as per their field assessment.
- The SOP also clarifies that all COVID related safety measures must be adhered to inside the premises which includes face masks, social distancing and prohibition on spitting.
4. BCCI secretary Jay Shah appointed Asian Cricket Council President
- Jay Shah, BCCI Honorary Secretary has been elected as the President of the Asian Cricket Council (ACC). He was appointed following the virtual annual general meeting of the regional body.
- He has become the youngest administrator to be appointed as the ACC President.
- The 32-year-old will be succeeding Nazmul Hussain, Chief of Bangladesh Cricket Board (BCB), who was previously heading the Asian Cricket Council.
- The Asian Cricket Council is Asia’s regional cricket administrative body. It was established in 1983 to promote and develop cricket as a sport in Asia.
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The Asian Cricket Council was formed initially as the Asian Cricket Conference in New Delhi on Sept 19, 1983. The original members of the Asian Cricket Council included India, Bangladesh, Pakistan, Sri Lanka, Malaysia and Singapore. The name was changed to Asian Cricket Council in 1995.