DAILY GK 7 JULY
1. HIGHLIGHTS
OF UNION BUDGET 2019-20
✔Union
Minister for Finance and Corporate Affairs Nirmala Sitharaman made her maiden
Budget Speech and presented the Union Budget 2019-20 in the Lok Sabha.
✔She
broke away from the tradition when she replaced the conventional leather
briefcase with a bright red cloth bag to carry the Budget papers to the
Parliament House.
✔
“Gaon, Garib and Kisan” (Village, Poor and Farmer) was
the centre of all policies of the Modi 2.0 Government.
✔10-point
Vision for the decade
- Building
Team India with Jan Bhagidari: Minimum Government Maximum Governance.
- Achieving
green Mother Earth and Blue Skies through a pollution-free India.
- Making
Digital India reach every sector of the economy.
- Launching
Gaganyan, Chandrayan, other Space and Satellite programmes.
- Building
physical and social infrastructure.
- Water,
water management, clean rivers.
- Blue
Economy.
- Self-sufficiency
and export of food-grains, pulses, oilseeds, fruits and vegetables.
- Achieving
a healthy society via Ayushman Bharat, well-nourished women &
children, safety of citizens.
- Emphasis
on MSMEs, Start-ups, defence manufacturing, automobiles, electronics, fabs
and batteries, and medical devices under Make in India.
2. INDIA
TO GET THE FIRST E-VEHICLE CHARGING HIGHWAY BY MARCH 2020
✔The
highways of Delhi-Jaipur and Delhi-Agra are India’s first highway corridors
will get charging stations for electric vehicles by March 2020.
✔The
total distance of the corridors on Yamuna Expressway (between Delhi and Agra)
and National Highway 48 (between Delhi and Jaipur) will be 500 km and 18
charging stations will be set up near toll plazas on both these highways routes
to charge &change batteries.
✔The
e-corridor was first proposed under the Ease of Doing Business Programme of the Advance Services for Social and
Administrative Reforms, a private firm backed by the central government.
✔About
two crore rupees would be spent in the development of a single charging station
and the electricity tariff.
✔The
government expects 25 % of the total vehicles on roads will be e-vehicles by
2030.
3. THE
INDIAN ARMY RELEASES SPECIAL TRIBUTE VIDEO TO COMMEMORATE 20 YEARS OF
‘OPERATION VIJAY’
✔To
commemorate the 20th anniversary of Kargil Vijay Diwas, the Indian army has
released a special Kargil Tribute Song’ to honor, salute and pay homage to the
Kargil martyrs and the war veterans who sacrificed and fought for the country.
✔The
song titled ‘Tujhe Bhulega Na Tera Hindustan’ has been written by renowned
Bollywood lyricist Sameer featuring Bollywood megastar Amitabh Bachchan,
Olympic bronze medallist boxer Mary Kom, actors Salman Khan, Vicky Kaushal,
Anupam Kher, Kangana Ranaut, and Suniel Shetty.
4. RBI
GETS THE POWER TO REGULATE HOUSING FINANCE COMPANIES INSTEAD OF NHB
✔Finance
Minister Nirmala Sitharaman stated that India’s central bank, Reserve Bank of
India will now given power to takes over as the regulator of Housing Finance
Firms instead of NHB.
✔The
government will also provide a one-time six-month partial guarantee to
state-run banks for the acquisition of up to 1 trillion rupees ($14.6 billion)
of highly-rated assets from NBFCs.
✔NBFCs
stocks surged after the credit guarantee announcement. Mahindra & Mahindra
Financial Services Ltd and L&T Finance Holdings Ltd rose more than 5%,
while Shriram Transport Finance Co. rose more than 3%.
✔The
RBI has also proposed plans to tighten NBFCs’ asset-liability management and
liquidity coverage ratios and resisted demands from within the industry to
provide a separate liquidity window for NBFCs.
