{"id":54471,"date":"2020-02-02T21:00:49","date_gmt":"2020-02-02T15:30:49","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?p=54471"},"modified":"2020-02-26T18:09:03","modified_gmt":"2020-02-26T12:39:03","slug":"9-pm-current-affairs-brief-february-2nd-2020","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-february-2nd-2020\/","title":{"rendered":"9 PM Current Affairs Brief \u2013 February 2nd, 2020"},"content":{"rendered":"\n<p><a href=\"https:\/\/pib.gov.in\/newsite\/PrintRelease.aspx?relid=197837\"><strong>Union Budget\n2020-21<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>TheGeneral Budget 2020-21\nhas been presented by the Union Finance Minister in the Lok Sabha.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nBudget:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The word Budget has not been used\nin the Constitution of India.Rather Article 112 of the Constitution of India\nmentions the term \u201cAnnual Financial statement\u201d.<\/li><li>The budget is a statement of the\nestimated receipts and expenditure of the Government of India among other\nthings.<\/li><\/ul>\n\n\n\n<p><strong>Theme\nof Budget 2020-21:<\/strong>The Union Budget has been structured\non the overall theme of \u201cEase of Living.\u201d<\/p>\n\n\n\n<p><strong>Aim of\nthe Budget:<\/strong>Union Budget 2020-21 aims to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To achieve seamless delivery of\nservices through Digital governance<\/li><li>To improve physical quality of\nlife through National Infrastructure Pipeline<\/li><li>Risk mitigation through Disaster\nResilience<\/li><li>Social security through Pension\nand Insurance penetration.<\/li><\/ul>\n\n\n\n<p><strong>Prominent\nTheme:<\/strong>The&nbsp;\nbudget is woven around three prominent themes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Aspirational India<\/strong> in which all sections of\nthe society seek better standards of living, with access to health, education\nand better jobs.<\/li><li><strong>Economic development for all<\/strong>, indicated in the\nPrime Minister\u2019s exhortation of \u201cSabkaSaath, SabkaVikas, SabkaVishwas\u201d.<\/li><li><strong>Caring Society<\/strong> that is both humane and\ncompassionate, where Antyodaya is an article of faith.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"661\" height=\"534\" src=\"https:\/\/i0.wp.com\/blogadmin.forumias.com\/wp-content\/uploads\/2020\/02\/Picture1-7.png?resize=661%2C534&#038;ssl=1\" alt=\"\" class=\"wp-image-54478\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1601466\"><strong>Budget\n2020:Macro-economic Framework Statement (MFS) 2020-2<\/strong><\/a><strong>1<\/strong><\/p>\n\n\n\n<p><strong>News:<\/strong>In Budget 2020-21,Government of India has presented the Macro-economic\nFramework Statement(MFS) 2020-21.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Key\nHighlights of the statement:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Macroeconomic Framework\nStatement(MFS) 2020-21 describes the return path of fiscal consolidation\nwithout compromising the needs of investment out of public funds.<\/li><li><strong>Fiscal Deficit:<\/strong>The government\u2019s fiscal deficit\nfor 2019-20 will be 3.8% of the gross domestic product(GDP) compared to 3.3%\nprojected last year.For the financial year 2020-21,the fiscal deficit target\nhas been set at 3.5%.<\/li><li><strong>Disinvestment target:<\/strong>The government has pegged\ndisinvestment target for 2020-21 at Rs 1.20 lakh crore nearly double of Rs 65,000\ncrore it expects to raise in the current financial year. <\/li><li><strong>Capital Expenditure:<\/strong>The Finance Minister has\nproposed a 21% increase in capital expenditure for the FY 2020-21. <\/li><li>India is now the <strong>fifth-largest<\/strong> economy in the world<\/li><li><strong>FDI<\/strong>:India\u2019s Foreign Direct Investment(FDI)\nelevated to US$ 284 billion during 2014-19 from US$ 190 billion during 2009-14.<\/li><li><strong>National Infrastructure Pipeline(NIP):<\/strong>To\nimprove the physical quality of life,the Government has announced the NIP of\nprojects worth Rs. 102 lakh crores which would commence in phases from 2020-21\nto 2024-25.<\/li><li><strong>Debt:<\/strong>Centre\u2019s debt as a percentage of GDP has\ncome down to 48.7% as of May, 2019. <\/li><li><strong>Poverty:<\/strong>271 million people raised out of\npoverty between 2006 and 2016. <\/li><li><strong>Taxpayers:<\/strong>6 million new taxpayers have been\nadded in the last four years due to the GST. <\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"691\" src=\"https:\/\/i0.wp.com\/blogadmin.forumias.com\/wp-content\/uploads\/2020\/02\/Picture2-6.png?resize=750%2C691&#038;ssl=1\" alt=\"\" class=\"wp-image-54479\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1601536\"><strong>National\nTechnical Textiles Mission Proposed in Union Budget<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Union Minister for Finance &amp; Corporate Affairs has announced a\nproposal to set up a National Technical Textiles Mission.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nNational Technical Textiles Mission:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The National Technical Textiles\nMission will be implemented for a period of four-years from 2020-21 to 2023-24\nat an estimated outlay of \u20b91,480 crore.<\/li><\/ul>\n\n\n\n<p><strong>About\nTechnical Textiles:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Technical textiles are materials\nand products manufactured primarily for their technical properties and\nfunctional requirements rather than for aesthetic characteristics. <\/li><li>Technical textiles include\ntextiles for automotive applications, medical textiles (e.g., implants),\ngeotextiles (reinforcement of embankments), agrotextiles (textiles for crop\nprotection) among others.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.thehindu.com\/business\/budget\/budget-2020-deposit-insurance-cover-raised-to-5-lakh\/article30714464.ece\"><strong>Budget\n2020:Deposit Insurance cover raised to \u20b95 lakh<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The Finance minister has announced in the Budget that the Deposit\ninsurance cover for bank deposits has been raised to Rs 5 lakh from Rs 1 lakh.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nDeposit Insurance:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Deposit insurance is providing\ninsurance protection of Rs 1 lakh to the depositor\u2019s money by receiving a\npremium.<\/li><li>The government has set up Deposit\nInsurance and Credit Guarantee Corporation (DICGC) under RBI to protect\ndepositors if a bank fails.<\/li><li>The Deposit cover is for deposits\nin commercial banks, regional rural banks (RRBs), local area banks (LABs) and\ncooperative banks and branches of foreign banks in India.<\/li><li>In Budget 2020,the Government has\nnow raised this Deposit insurance cover to Rs 5 lakh from Rs 1 lakh.<\/li><\/ul>\n\n\n\n<p><strong>About\nDICGC:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Deposit Insurance and Credit\nGuarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of\nIndia(RBI).<\/li><li>It was established in 1978 as a\nstatutory body under Deposit Insurance and Credit Guarantee Corporation\nAct,1961.<\/li><li>The act provides for the\nestablishment of a Corporation for the purpose of insurance of deposits and\nguaranteeing of credit facilities and for other matters connected therewith or\nincidental thereto.<\/li><li>The Deputy Governor of RBI acts as\nits Chairman of DICGC.It is headquartered in Mumbai.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1601455\"><strong>Budget 2020:\nGovt unveils 16-point action plan to revive agricultural sector<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Union Finance minister has proposed 16 action points focusing on\ndoubling Farmers income, Horticulture sector, Food storage, Animal Husbandry\nand Blue economy.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\n16 point Action Plan:<\/strong>The key highlight of the 16-point\naction plan includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Help 20 lakh farmers setup\nstandalone solar pumps under <strong>PM-KUSUM\nscheme.<\/strong><\/li><li><strong>Artificial insemination<\/strong> to be increased to 70%\nfrom the present 30%.<\/li><li>Expansion of NABARD Refinancing\nScheme while MGNREGS to be used to develop fodder farm<\/li><li>State governments who undertake\nimplementation of model laws (issued by the Central government) to be\nencouraged.<\/li><li><strong>Village Storage Scheme<\/strong> which will be run by\nthe SHG (Self Help Group) to provide farmers a good holding capacity and reduce\ntheir logistics cost.<\/li><li>Indian Railways will set up a <strong>Kisan Rail<\/strong> for transporting perishable\ngoods.<\/li><li><strong>Krishi Udaan<\/strong> will be launched by the Ministry\nof Civil Aviation on national and international routes for agricultural\nexports.<\/li><li>Target for Agricultural credit has\nbeen increased to Rs 15 lakh crore from Rs 12 lakh crore<\/li><li>Fish production to be raised to\n200 lakh tonnes by 2022-23<\/li><li>By 2025, milk processing capacity\nto be doubled to 108 MT<\/li><li>Government proposes measures to\nimprove the situation in 100 water-stressed districts<\/li><li><strong>One District One Product<\/strong> to be extended to\nHorticulture<\/li><li>Integrated Farming systems in Rain\nfed areas to be expanded<\/li><li><strong>Jaivik Kheti Portal <\/strong>\u2013 online national organic\nproducts market to be strengthened.<\/li><li>Foot and Mouth Disease,\nBrucellosis in cattle and Peste Des Petits ruminants(PPR) in sheep and goat to\nbe eliminated by 2025.<\/li><li>Self Help Groups(SHGs) of Deendayal\nAntyodaya Yojana to be mobilised.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/m.economictimes.com\/news\/economy\/policy\/budget-2020-allocates-inr-99300-crore-for-skill-development-quality-education\/videoshow\/73833400.cms\"><strong>Union Budget\n2020:Education and Skill Development <\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The Budget 2020 was presented at the Parliament under three themes. One\nof the themes is Aspirational India.The Education and Skills is a subtheme\nunder Aspirational India.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Key\ntakeaways in the Education Sector and Skill Development:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Under Study in India Programme,<strong>IND-SAT exam<\/strong> will be conducted in\nAfrican and Asian countries for foreign candidates who wish to study in India.<\/li><li>National Police University and a\nNational Forensic Science University have also been proposed in the domain of\npolicing science, forensic science and cyber-forensics.<\/li><li>Degree level full-fledged <strong>online education programme <\/strong>will be\nstarted to provide quality education to students of deprived sections.However,\nthese shall be offered only by institutions who are ranked within the top 100\nin the National Institutional Ranking Framework(NIRF).<\/li><li>The Urban Local Bodies to provide\ninternship opportunities to the local youths especially fresh engineers for a\nperiod of 1 year.<\/li><li>External Commercial Borrowings and\nFDI to be enabled for the education sector.<\/li><li>The <strong>medical colleges <\/strong>to be established along with district hospitals in\nPPP mode to address the problem of lack of qualified medical doctors.<\/li><li><strong>National Skill Development Agency <\/strong>to be given\nspecial thrust to infrastructure-focused skill development opportunities.<\/li><\/ul>\n\n\n\n<p><a href=\"http:\/\/www.newsonair.com\/News?title=Britain-formally-gives-up-membership-of-European-Union&amp;id=379615\"><strong>Brexit:UK\nleaves the European Union<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Britain has officially left the European Union(EU) and has become the first\ncountry to leave the 28-member bloc.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>UK-EU\nBrexit withdrawal agreement:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>As part of the withdrawal\nagreement,there will be a transition period until December 31st,2020.<\/li><li>The transitional period is\ndesigned to make the separation process smoother and will be used by UK and EU\nto negotiate a new relationship.<\/li><li>During the transition period,the\nUK will be officially out of the EU and not be represented on EU bodies but\nwould still have the same obligations as an EU member. <\/li><li>These include remaining in the EU\ncustoms union and the single market, contributing to the EU\u2019s budget and\nfollowing EU law.<\/li><\/ul>\n\n\n\n<p><strong>About\nBrexit:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Brexit is a term used to define\nUnited Kingdom coming out of European Union(EU).During a referendum in 2016,UK\nvoted by a narrow margin in favour of Brexit.<\/li><li>Article 50 of the Treaty of Lisbon\ngives any European Union(EU) member state the right to quit unilaterally and\noutlines the procedure for doing so.<\/li><\/ul>\n\n\n\n<p><strong>European\nUnion:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The European Union is an\ninternational organization which will now consist of 27 European countries.It\ngoverns common economic,social and security policies of its member states.<\/li><li>It operates an internal (or\nsingle) market which allows free movement of goods, capital, services and\npeople between member states.<\/li><li>The 19 EU countries use EURO as\ntheir official currency.But eight EU members namely Bulgaria, Croatia, Czech\nRepublic, Denmark, Hungary, Poland, Romania and Sweden do not use the euro.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Union Budget 2020-21 News:TheGeneral Budget 2020-21 has been presented by the Union Finance Minister in the Lok Sabha. Facts: About Budget: The word Budget has not been used in the Constitution of India.Rather Article 112 of the Constitution of India mentions the term \u201cAnnual Financial statement\u201d. The budget is a statement of the estimated receipts&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-february-2nd-2020\/\">Continue reading <span class=\"screen-reader-text\">9 PM Current Affairs Brief \u2013 February 2nd, 2020<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":48116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-54471","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-9-pm-brief","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/06\/9-PM-Brief.png?fit=1000%2C500&ssl=1","views":{"total":0,"cached_at":1700778469,"cached_date":1704941036},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=54471"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/48116"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=54471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=54471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=54471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}