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7/25/2019 CA 17Feb 5Mar
1/13
IIM Indore PGP Mumbai Follow us on
Current Afairs (17thFeb-5thMarch 2016)Budget Highlights
The total budget size has been estimated to be Rs 19.78 Lakh Crorewith non-plan expenditure kept at Rs14.28 lakh Crores.The Government has set its pre-announcedscal decit targetto 3.! o"G#P.
Fund Allocation$Total outla% "or in"rastructure - &s. ''$(')*crore
'
+llocation "or +griculture and Farmers, wel"are is &s. 3() crore3
+llocation "or social sector including education and health care / &s.$( $($ crore.)
+llocation "or s0ill development / &s. $1) crore. This includes training through Massive 2pen 2nlineourses and entrepreneur education.
5 +llocation "or rural sector - &s. 4(4* crore. + sum o" &s 3(11 is allocated towardsMahatma Gandhi &ural 5mplo%ment Guarantee 6cheme7M8&5G69
Major Policy Decisions$Natinal !ensin "#ste$ (N!"9 which was earlier ta:able on maturit%( has now been made partiall%ta: e:empt.8P6 will have )1! o" maturit% e:empt "rom ta:. +nnuit% "und which goes to legal heir willnot be ta:able
'%&"(%a' &educted at "urce9-T#6 is a means o" indirect ta: collection and ismanaged b% the entral Board o"#irect Ta:es 7B#T9.Incomes such as salar%( lotteries"rom ban0s and pa%ment o" amount is withheld as source The government has decided toimpose a %&"at $ ! on the purchase o" lu:ur% cars costing more than $1la0h whereasT#6 on lotteries has been reduced to !.
metro cities and *1 s;. meters in other cities
)
The government has decided to bring bac0 General +nti-+voidance rules7G++&9 "rom $+pril '1$4
deserving. This will allow eas% access "or
7/25/2019 CA 17Feb 5Mar
2/13
Business
1
hichce$ent
$arhasrec
entl#ac3uired
4ai+raas
hAssciates Ce$ent!lants
+nswerAltra%echCe$ent
*'+lanatin8>ltraTech
ement(
the
largest
cement
compan%
o" India
owned b%
+dit%a
Birla
Group has
ac;uired
P cement
"or a sum
o" &s
$*11rores.
The deal
will help
>ltraTech
to access
cement
plants in
Madh%a
Pradesh(
>ttarPradesh(
Himachal
Pradesh(
>ttara0ha
nd(
+ndhra
Pradesh
and
7/25/2019 CA 17Feb 5Mar
3/13
C
a
r
n
a
t
a0
a
.
2hh
asbeena++intedasthechair$an.9a
ns 9ard9ureau
+nswerA:ind ;ai
*'+lanati
n8 ?inod&ai( alongwith +nil C.
Chandelwal
( &upa
Cudwa and
HM 6inor(
has been
elected as
the
chairmano" the BBB.
He was the
"ormer
omptrolle
r and
+uditor
General
7+G9 o"
India. BBB
will ta0e
over the
process to
appoint
"ull-time
directors
and non-
e:ecutive
chairmen
in state-
owned
ban0s( and
is aimed at
in"using
eDcienc%
and
transparen
c% in the
sector.
7/25/2019 CA 17Feb 5Mar
4/13
ld$ine
+nswerA:edanta?i$ited
*'+lanatin8The
ac;uired
mine
situated
in Baloda
baEaar-Bhata
Para
district
o"
hattisg
arh( It is
one o"the
oldest
e:plodedeposits
o"
precious
metal in
central
India.
?edanta
Group(
led b%
+nil+garwal
was
"ormerl%
0nown
as 6esa
Goa
=imited
and is
7/25/2019 CA 17Feb 5Mar
5/13
o
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"
t
h
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w
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r
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r
g
e
s
t
g
l
o
b
a
l
d
i
v
e
r
s
i
"
i
e
d
natural
resource
maors.
@ hhas been
raned asthendia,srichestbillinaireas +er the2016Frbeslist .rld9illinaires
+nswerAMueshA$bani
*'+lanatin8 2uto" the '4billionaires inIndia(
Mu0esh+mbanihas beenran0ed
$st
with anet wortho" $.3Billion.Theworld listwas
toppedb% 9ill>ateswith networth o" 4Billion"ollowedb%A$anci
7/25/2019 CA 17Feb 5Mar
6/13
rtega
( the"oundero" Indite:Group7araBrand9.
7/25/2019 CA 17Feb 5Mar
7/13
5 hich c$+an# in ndia has t++ed the C"; s+ending
+nswerA;eliance ndustries
*'+lanatinA&eliance Industries led b% Mu0esh +mbani( has emerged as the topcompan% in terms o" 6&spending. &eliance industries shelled out &s. 4*1 rore on6&. 28G ran0s second on the list with a spending o" &s. ) crore. In ompanies +ct
it is mandator% "or companies to set aside ' percent o" their 3 %ear average annual net
pro
7/25/2019 CA 17Feb 5Mar
8/13
starrer"+tlight hasbeen awarded as the best
7/25/2019 CA 17Feb 5Mar
9/13
6ports
hhasre
centl#been
elected
as thene=+resident .
%heFDdDratinnternatinaledeFtball
Assciatin(FFA)
+nsA>iannin.antin
*'+lanatin8+"ter the
"orced
resignati
on o"
6eppBlatter
due to
allegatio
ns o"
corrupti
on(
7/25/2019 CA 17Feb 5Mar
10/13
G
i
a
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I
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"
a
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oh
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b
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c
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a
s
t
h
e
F
I
F
+ "or a
period
o" 3 %rs.
Gianni
got
decisivemaorit%
ahead o"
6hei0h
6alman
o"
Bahrain.
.
Ehichndian
"hter=n>ld in"hting rldCu+recentl#
+nswerA4itu ;ai
*'+lanatin8Indias
itu &ai
beat a
strong
7/25/2019 CA 17Feb 5Mar
11/13
w
i
n
g
ol
d
i
n
t
h
e
m
e
n
s
1
m pistol
event o"
shooting
Korldup. itu
scored$$.3
points in
the
7/25/2019 CA 17Feb 5Mar
12/13
7/25/2019 CA 17Feb 5Mar
13/13
*'+lanatin8 India has been ran0ed at the 1th
placed among $'* countries whichwere rated onparameters li0e aJordabilit%( environmental sustainabilit%( securit% andaccess. The list is topped b%
6witEerland. +mong the B&I nations BraEil tops the list.