Column: Your approach to Current Affairs for TSPSC exams
Hyderabad: This article is in continuation to the last article on subject specific approach to current affairs for Telangana State Public Service Commission exams. ECONOMY • Disinvestments – Government over the last couple of years has been actively disinvesting – selling its shares in Public Sector Undertakings (PSU). All major disinvestments – PSU name, percentage […]
Hyderabad: This article is in continuation to the last article on subject specific approach to current affairs for Telangana State Public Service Commission exams.
ECONOMY
• Disinvestments – Government over the last couple of years has been actively disinvesting – selling its shares in Public Sector Undertakings (PSU). All major disinvestments – PSU name, percentage of disinvestment and money raised from disinvestment is important.
Example: 1. Disinvestment of Hindustan Aeronautics Ltd (HAL)
• HAL is the first major disinvestment carried out by the government for the 2021 fiscal for which it has set an ambitious target of Rs.2.1 trillion.
• % of GoI’s shares disinvested: 14.82
• Method of disinvestment: offer for sale (OFS)
• Receipts: Rs.4924.23 crore
• GoI’s shareholding post disinvestment: 75.15 (initially, it was 89.97%)
Budget – The highlights of the budget of the Government of India and State Government are important. Special focus should be on
• Achievements of the previous financial year – the growth rate and so on
• New schemes announced – aim, target segment, budget allocation, sector and so on
• Existing schemes discussed in the budget – continuance, change of name of the scheme, merger with a new scheme, extension of the scheme to other social groups or regions and so on.
• Taxation proposals – increase or decrease in taxes and the reasons for the same, new taxes proposed (on/how much), new cesses proposed and its purpose, new surcharges and so on.
Q. The union Budget for FY 2022-23 this year aims to strengthen the infrastructure with its focus on which of the following?
1. PM Gati Shakti
2. Financing of Investments
3. Productivity Enhancement & Investment
4. Inclusive Development
5. Disinvestments of various PSUs
Choose the correct code.
a) 1, 2 and 5
b) 3 and 4
c) 2, 3 and 4
d) 1, 2, 3 and 4
Answer: d
Explanation:
1. The union Budget for FY 2022-23 this year aims to strengthen the infrastructure with its focus on four priorities of:
2. PM GatiShakti
3. Inclusive Development
4. Productivity Enhancement & Investment, Sunrise opportunities, Energy Transition, and Climate Action
5. Financing of Investments
Q. In 2022-23, States will be allowed a fiscal deficit of what percent of GSDP?
a) 3%
b) 4%
c) 5%
d) 6%
Answer: b
Explanation: In 2022-23, States will be allowed a fiscal deficit of 4% of GSDP, of which 0.5% will be tied to power sector reforms.
Q. Consider the following statements regarding Raising and Accelerating MSME Performance (RAMP) Programme?
1. During the union Budget 2022-23, it was announced that RAMP programme is to be rolled out at an estimated cost of Rs.6,000 crore
2. It aims to improve the condition of MSMEs and agricultural marketing in India
3. RAMP will incentivisefintech and will increase the digital lending and borrowing
Choose the correct code.
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 1, 2 and 3
Answer: c
Explanation: RAMP is a post Covid-19 resilience and recovery programme. It aims to improve the condition of MSMEs in India. The MSMEs were badly affected due to Covid-19 pandemic and lock down. It provides better access to finance to the MSMEs.
To be continued…
By Shikara Academy
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