#Budget 2024 Announcements for Bihar

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Budget 2024 में बिहार को मिली कई सौगात, सरकार ने इन क्षेत्रों में खोला भंडार

बजट 2024 (Budget 2024) में बिहार को जिस चीज की उम्मीद थी, सरकार की तरफ से उन्हें वह मिला है, जहां इस बार के बजट में सरकार ने बिहार के लिए पूरे के पूरे भंडार खोल दिए. आम बजट में बिहार को स्पेशल पैकेज मिलने के बाद भी विपक्ष इसे झुनझुना बता रहे हैं लेकिन असल में बिहार के लिए बजट में जो घोषणा की गई है उसमें कई बड़े-बड़े ऐलान हुए हैं. बिहार को 60000 करोड रुपए से अधिक की सौगात दी गई है. आपको बता दे कि…

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September Current Affairs For Bank Coaching Success

September current affairs is here. As we all know, bank exams are comparatively tough if you are unprepared. Current affairs are among the most critical topics in your bank exam preparation journey. Staying updated on current affairs is essential, not just an option. A strong knowledge of current affairs is necessary to prepare for IBPS RRB or other banking exams. Enroll in our best online bank coaching to stay updated. Our expert mentors help you achieve your dream job. Let’s read more about September current affairs.

Bank Coaching September Current Affairs 

Most Important September current affairs are listed here:

1 What is the primary objective of the ‘NPS Vatsalya scheme,’ recently launched by the Finance Minister of India?

[A] To help the parents and guardians plan for their children’s future financial needs [B] To offer the education loans to students for higher education [C] To provide health insurance to tribal families

Correct Answer: A [To help parents and guardians plan for their children’s future financial needs]

Notes:

Nirmala Sitharaman, the Union Finance Minister, launched the NPS Vatsalya scheme for minors on 17 September 2024 in New Delhi. The event was attended by schoolchildren and held in 75 locations across India. The scheme was initially announced in the 2024-25 union budget. NPS Vatsalya is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).

2. What is the theme of “8th INDIA WATER WEEK 2024”?

[A] Water Cooperation – Coping with 21st Century Challenges [B] Water Security for Sustainable Development with Equity [C] Partnership and cooperation for inclusive water development and management

Correct Answer: C [Partnership and cooperation for inclusive water development and management]

Notes:

President Draupadi Murmu inaugurated the 8th India Water Week on 17 September 2024 in New Delhi. The event runs from 17 to 20 September 2024 and is held at Bharat Mandapam. The Union Jal Shakti Minister, Gajendra Singh Shekhawat, was present at the inauguration. India Water Week is based on Stockholm Water Week and focuses on water management and cooperation. The International Wash Conference 2024 is also taking place alongside the event. The theme is “Partnerships and Cooperation for Inclusive Water Development and Management.”

3.“Subhadra Scheme,” recently seen in the news, is the largest women-centric scheme of which state?

[A] Uttar Pradesh [B] Odisha [C] Bihar

Correct Answer: B [Odisha]

Notes:

Prime Minister Narendra Modi launched Odisha’s Subhadra Yojana on his 74th birthday, alongside railway and highway projects. Subhadra Yojana aims to empower women, offering 50,000 rupees over five years to eligible women aged 21-60. Over one crore women will benefit, with 1,250 crore rupees transferred to 25 lakh women. He also inaugurated railway and highway projects worth 2,800 crore and 1,000 crore rupees.

Modi launched the Awaas+ 2024 app and new PMAY guidelines.

4. Recently, the Prime Minister of India inaugurated the “Tuticorin International Container Terminal” in which state?

[A] Kerala [B] Gujarat [C] Tamil Nadu

Correct Answer: C [Tamil Nadu]

Notes:

The Tuticorin International Container Terminal in Tamil Nadu was inaugurated, described as a crucial part of India’s marine infrastructure. The terminal enhances the capacity of the V.O. Chidambaranar Port, contributing to India’s goal of becoming a developed nation. It has a deep draft of over 14 meters and a 300-meter-long berth, helping reduce logistics costs and save foreign exchange. The terminal promotes gender diversity, with 40% of its workforce women. Tamil Nadu plays a vital role in India’s economic growth, with significant investments in port development, including an Outer Harbour Container Terminal. The port is also recognized for its role in Green Hydrogen and offshore wind energy. India’s vast transportation network positions it as a critical player in the global supply chain.

5 Who has recently been appointed Director General Sashastra Seema Bal (SSB)?

[A] Vikrant Thakur [B] Daljit Singh Chaudhary [C] Amrit Mohan Prasad

Correct Answer: C [Amrit Mohan Prasad]

Notes:

A senior Indian Police Service (IPS) officer from the Odisha cadre, Amrit Mohan, has been appointed Director General of Sashastra Seema Bal (SSB). He serves as Special Director General of the Central Reserve Police Force (CRPF). His appointment is approved until his superannuation on August 31, 2025. Sashastra Seema Bal (SSB) guards India’s borders with Nepal and Bhutan, preventing cross-border crime and smuggling. SSB’s headquarters, Force Headquarters (FHQ), is in New Delhi, led by a Director-General. An Additional Director-General supports the Director-General, and senior officers manage various directorates.

6.where was the third edition of the INDUS-X Summit held?

[A] Russia [B] United States [C] Australia

Correct Answer: B [United States]

Notes:

The third INDUS-X Summit concluded in the US, advancing joint defense innovation between India and the US. It was launched in 2023 during the Indian Prime Minister’s state visit to the US. The goal is to expand strategic tech partnerships and defense cooperation between governments, businesses, and academic institutions in both countries. INDUS-X will serve as a defense innovation bridge involving joint challenges, innovation funds, and industry collaborations. Focus areas include co-producing jet engines, long-range artillery, and infantry vehicles. It is led by iDEX (India) and DIU (US).

7. What is the name of the operation recently launched by India to provide humanitarian assistance to the countries affected by Typhoon Yagi?

[A] Operation Vikas [B] Operation Sadbhav [C] Operation Veer

Correct Answer: B [Operation Sadbhav]

Notes:

India launched Operation Sadbhav to provide humanitarian aid to Myanmar, Laos, and Vietnam, affected by Typhoon Yagi. These countries faced massive floods this year due to Asia’s most powerful storm. India sent 10 tonnes of aid to Myanmar via INS Satpura, including dry rations, clothing, and medicines. A military aircraft delivered 35 tonnes of aid to Vietnam and 10 tonnes to Laos, including gensets, water purifiers, hygiene items, mosquito nets, blankets, and sleeping bags. India’s quick response aligns with its ‘Act East Policy’ and its broader effort in Humanitarian Assistance and Disaster Relief (HADR) within ASEAN.

8.Which ministry recently launched the ‘BHASKAR initiative’ to provide comprehensive support to entrepreneurs?

[A] Ministry of Commerce and Industry [B] Ministry of Science and Technology [C] Ministry of Communication

Correct Answer: A [Ministry of Commerce and Industry]

Notes:

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry has launched a digital platform called ‘Bhaskar’ to boost India’s startup ecosystem. The platform is part of the Bharat Startup Knowledge Access Registry (BHASKAR) initiative under the Startup India program. It is designed to centralize and enhance collaboration among startups, service providers, investors, mentors, and government bodies. The initiative aligns with India’s goal of becoming a global innovation and entrepreneurship leader. India has over 1,46,000 DPIIT-recognized startups, and BHASKAR aims to provide a one-stop digital solution for the challenges entrepreneurs and investors face.

9 Where was the fourth edition of ‘Global Bio-India 2024’ recently organized?

[A] Bengaluru [B] Hyderabad [C] New Delhi Correct Answer: C [New Delhi]

Notes:

The 4th Global Bio-India 2024 event concluded on 14 September 2024 in New Delhi. It was a three-day event showcasing India’s potential in biotech research, development, and manufacturing. The event has been held annually since 2021.

10 What is the theme of “World Ozone Day 2024”?

[A] Montreal Protocol: Advancing Climate Action [B] Global Cooperation Protecting Life on Earth [C] Keep Cool and Carry On

Correct Answer: A [Montreal Protocol: Advancing Climate Action]

Notes:

Since 1995, World Ozone Day has been celebrated on September 16th to raise awareness about ozone depletion. In India, the ozone cell under the Ministry of Environment, Forest, and Climate Change is observed at national and state levels on this day. The UN established the day in 1994 to commemorate the signing of the Montreal Protocol on 16th September 1987. The first World Ozone Day was observed in 1995. The 30th World Ozone Day 2024 theme is “Montreal Protocol: Advancing Climate Actions,” highlighting the protocol’s role in protecting the ozone layer and promoting climate action.

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New Government Schemes and Programs Announced in Union Budget 2024-25

Union Budget 2024-25 outlined a comprehensive vision for India's transformation into a 'Viksit Bharat' or Developed India by 2047. The budget prioritized nine key areas: agriculture, employment, skilling, human development, manufacturing, services, urban development, energy security, infrastructure, innovation, and next-generation reforms.

The budget was underpinned by a strong focus on inclusive growth, with significant allocations for sectors like agriculture, education, healthcare, and social welfare. It emphasized job creation, skill development, and infrastructure development as crucial drivers of economic growth. Additionally, the budget prioritized energy security through investments in renewable energy sources and nuclear power.

To achieve the ambitious goal of a developed India, the government introduced several flagship schemes, including the Purvodaya plan for the eastern region, the PM Surya Ghar initiative for rooftop solar, the Atmanirbhar Oil Seeds Abhiyan, employment-linked incentive schemes, a new skilling program, the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a credit guarantee scheme for MSMEs, and NPS Vatsalya.

These initiatives are designed to address specific challenges and create opportunities across various sectors of the economy.

Overall, Budget 2024-25 presented a roadmap for India's progress towards becoming a developed nation, with a strong emphasis on inclusive growth, job creation, and infrastructure development.

Explore the Full List of Schemes from the 2024-25 Union Budget

Viksit Bharat: The Blueprint for a Developed India

The Union Budget 2024-25 introduced the ambitious vision of 'Viksit Bharat' (Developed India) by 2047. This overarching goal encompasses a multi-faceted approach to propel India towards economic prosperity, social progress, and environmental sustainability.

Purvodaya: Developing India's Eastern Region

A cornerstone of the Viksit Bharat initiative is the 'Purvodaya' plan, designed to accelerate the development of India's eastern region. States like Jharkhand, Bihar, Odisha, West Bengal, and Andhra Pradesh will be at the heart of this development push.

Infrastructure Development: Significant investments in transportation, energy, and digital connectivity are planned to improve the region's infrastructure.

Human Capital Development: Focus on education, healthcare, and skill development will be crucial to enhancing the region's human capital.

Economic Growth: The government aims to create a conducive environment for businesses and industries to thrive, generating employment opportunities and boosting economic growth.

By transforming the eastern region into a growth engine, the government aims to reduce regional disparities and contribute significantly to India's overall development.

Read More

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Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024 today. Here are the key highlights:

Support for States: Andhra Pradesh and Bihar receive significant allocations.

Tax Changes: Long Term Capital Gains tax increased from 10% to 12.5%.

MSMEs: New mechanisms for credit access for stressed MSMEs.

Tribal Schemes: Pradhan Mantri Janjati Unnat Gram Abhiyan announced.

Urban Development: Digitization of urban land records with GIS mapping.

Income Tax: Increased standard deduction and revised tax slabs.

Climate Finance: Development of a climate finance taxonomy.

Space Economy: Rs 1,000 crore venture capital fund.

Customs Duty: Reduced duty on gold, silver, and platinum.

Housing: Rs 10 lakh crore for Pradhan Mantri Awas Yojana-Urban 2.0.

Financial Sector: New strategy document for the next five years.

Tourism: Major allocations for Bihar's tourism development.

Energy and Infrastructure: Funds for small modular nuclear reactors and rural connectivity.

You can read more deatil in this article : The Union Budget 2024

#currentaffairs #unionbudget2024 #Finance Nirmala Sitharaman

[rohan-shetty]

Solutions for Farmers in India !!!

When it comes to discussions on farmers of India the kind of news we always see is 1. Number of farmer suicides and 2. Farm loans waiver promised by political parties. Over the years farmers have been used by political parties, media, activists etc only for fulfilling their respective agenda. The Modi Government also had a lot of good ideas for farmers but had delivered very little on the ground. When it came to election time in 2019 they announced the Direct Benefit Transfer (DBT) of 6000 Rs per year for farmers which ended up being a game changer. However it was the corona pandemic that led the Government to focus more on the agricultural sector since the country had to meet the demands of food and mainly feed the poor of our country.

India has always been an agrarian country but due to small lands held by farmers (according to National Sample Survey Organization (NSSO) the average size is 1.2 hectares only), they are not able to earn enough income and the agriculture sector has not been performing to its potential. As I had mentioned in my article on jobs , 50% people are employed in the agriculture sector which contribute only 14% to the GDP as compared to the IT sector which employs 0.7% people and contributes 8% to the GDP in our country. The Government's aim to double farmers income looks far fetched based on these numbers but they seem to have finally moved towards this target especially due to the corona pandemic period.

The Government had announced a 20 lakh crore package out of which major investments of this package has been on agriculture. The 1 lakh crore agri infrastructure fund is aimed to improve post harvest and cold storage management which has been an issue for farmers for many years. This is a long term investment of 10 years where the funds will be provided in tranches. There is a cold storage train which has also started from Maharashtra to Bihar. This is going to help small farmers connect directly with their consumers in cities like Mumbai & Pune. It will also benefit the consumers since they will be able to get fresh perishable goods. The same will also benefit Uttar Pradesh and Madhya Pradesh since the train will go to Bihar via these states.

The Government has taken another bold step of diluting the power of APMC (Agriculture Produce Market Committee) and bringing the required changes in the Essential Commodities Act. This is a huge reform since it will give farmers the opportunity to sell directly to the consumers or the retailers by removing the middle men. This used to always be an issue for not only farmers but consumers as well since these middle men used to buy from the farmers at lower prices and after hoarding used to sell it at higher prices to the consumers. The philosophy of farmers only selling to a particular region is done away with and they can sell wherever they prefer in the country to earn more income as compared to before.

To tackle the issue of small lands which farmers have, the Government is focusing on bringing more FPO's (Farmer Producer Organisations) that will help the farmers. The FPO was started on a pilot project in 2011 by the then UPA Government and now is been taken ahead by the NDA Government which brings 400-500 farmers together in the FPO. The aim is to give farmers better bargaining power and more income, more visibility, transparency, better access to credit etc. The Government announced in the recent budget that they aim to reach 10000 FPO's by 2024 which is double the FPOs that currently exist and I hope they achieve their target of making our farmers more empowered.

Another aim of this Government has been to make the farmers focus on diversification, technology and value addition in order to earn more income. By doing timber plantation at the edges of the farm lands and focusing more on animal husbandry can help our farmers in moving towards the target of doubling their income. These initiatives will help our farmers in not being reliant on just one crop and especially rains for making a living. The Government has taken different initiatives like soil health card scheme and irrigation schemes in order to reduce farmers input costs but the same needs to be implemented more efficiently and reach all the farmers. Another initiative taken by the Government has been the use of modern technology in order to improve yields which will also help in increase the earnings of our farmers. The same was done during the Green revolution in the 1960s where technology was used successfully in agriculture. For value addition the Government has been pushing farmers to value add by selling finished products rather that just raw materials. For example rather than selling potatoes farmers can sell potato chips or rather than selling tomatoes they can sell tomato ketchup. This has been a weakness of our country where we have been exporting raw materials to countries and importing finished goods from the same countries which is baffling.

This article would be incomplete without mentioning the father of agriculture in our country, Professor MS Swaminathan who contributed his life to the field of agriculture. Being a geneticist, he has helped our farmers use the combination of science and technology in order to improve their yield which in turn improves their earnings. He had lauded the Government in 2018 for acting on various recommendations given in the National Commission on Farmers (NCF) especially on MSP (Minimum Support Price) which was a big political issue. He has also mentioned recently, that the Government needs to focus more on our farmers during Corona times due to the need to feed our poor which also includes our farmers.

Finally it is good that the country is looking for solutions which includes the ones I have mentioned above. However it is also important that the Government both at Centre and State create job opportunities in non farming sectors as well because as I have mentioned before, 50% of our labour force in agriculture contributes only 14% of GDP which means they hardly earn anything in this field. Creating non farming jobs or jobs that are connected to farming can make the pie larger along with the various initiatives taken by the Government which will make the agriculture sector more sustainable.

For the people of our country, what we can do is appreciate the farmers of our country who are the ones who put food on our table, raise more awareness on the various schemes the Government is providing them and try to buy online directly through farmers or FPO's. When the Prime Minister is calling for a Atmanirbhar Bharat it is important that we do our bit to make a Atmanirbhar Kisan which will be a true sign that we are becoming self reliant.

Jai Hind !!!