IAS Target

All India Radio News - 4/11/2020

04 Nov 2020

Category : Daily Current Affairs

    Sports Ministry’s flagship programme Fit India is joining hands with the Department of School Education and Literacy, to launch a series of special films promoting 10 indigenous sports of India under the Ek Bharat, Shrestha Bharat initiative. These special films have been customized for school-going children to make them aware of the history and heritage of the state from which a game emanates, the particular sport as well as how it is played.

    The short films have been curated in a manner to highlight and bring forth the origin, progress and other key aspects of each sport. The 10 sports to be covered in the series are:
    • Kho-kho
    • Gatka
    • Kalaripayttu
    • Mallakhamb
    • Thang-Ta
    • Sqay
    • Kabaddi
    • Roll Ball
    • Tug of War
    • Shooting Ball.
    The indigenous sports of India cover a mix of very old sports, for example, Kalaripayattu, and some as recent as Roll Ball which has gained a lot of popularity and is now played in at least 50 countries spread over 5 continents.

    Fit India Movement

    The Fit India Movement is a movement to take the nation on a path of fitness and wellness. It provides a unique and exciting opportunity to work towards a healthier India. As part of the movement, individuals and organisations can undertake various efforts for their own health and well-being as well as for the health and well-being of fellow Indians.

    Ek Bharat Shreshtha Bharat

    The Ek Bharat Shrestha Bharat programme, aims to actively enhance interaction between people of diverse cultures living in different States and UTs in India, with the objective of promoting greater mutual understanding amongst them. As per the programme, each year, every State/UT would be paired with another State/UT in India for reciprocal interaction between the people. It is envisaged through this exchange, that the knowledge of the language, culture, traditions and practices of different states will lead to an enhanced understanding and bonding between one another, thereby strengthening the unity and integrity of India.

    The first year of Modi 2.0 will be remembered for the realisation of decades-old promises of the Ruling Party and the massive challenges that it faces in the form of coronavirus to push through its agenda. The government has taken several key decisions including:
    • The abrogation of Article 370
    • Criminalisation of triple talaq
    • Anti-terror terrorism law
    • Citizenship (Amendment) Act
    • The Supreme Court verdict in the Ayodhya case

    The Narendra Modi Government recently completed first year of its second term. From resolving age old issues to bringing technology driven solutions, the country has embarked on its journey to become a five trillion dollar economy.
    Top five countries GDP wise
    Country GDP size (in billion $) Rank
    United States 21,439 1
    China 14,140 2
    Japan 5,154 3
    Germany 3,863 4
    India 2,935 5

    Finance Minister Nirmala Sitharaman announced slew of economic measures catering to needs of middle class , corporates , MSMEs , labourers and farmers in her two budgets. Government vision to push employment generation and stimulate the make in India and made for world initiative. Corporate Taxes were slashed to one of the lowest in the world. Huge impetus to ensure supply of drinking water and electricity for every household with emphasis on Gaon, Garib and Kisan was laid down. Ten banks were merged to address the issue of NPAs and provide better services to consumers.
    Settlment of tax disputes has been offered through Vivad Se Vishwas scheme. The Narendra Modi Government rolled out a package of one lakh 70 thousand crore rupees on the second day of nationwide lockdown. Direct cash relief was extended to over 40 per cent of the population. Around 66 per cent of the population received extra food grains for three months.
    The Aatmanirbhar Bharat Abhiyan stimulus of over 20 lakh crore rupees added new leaflets of historic reforms. The ambit of MSMEs was widened for all enterprises with turnover up to 250 crore rupees . Farmers were given freedom to sell their produce in any part of the country, even through digital platforms. Salaried employees and employers were benefited as government committed to bear the 24 percent EPF contribution on their behalf.
    Provisioning of 3 lakh crore collateral free loan for MSMEs, two lakh crore concessional credit for farmers and self-reliant loan scheme for street vendors were few other major decisions by the government to heal the economy from the viral contagion.

    Government has rebuffed reports in a certain section of media that the growth of direct tax collection for the last financial year has fallen and buoyancy of the direct tax collection as compared to the GDP growth has reached negative. Government issued statement that fall in the collection of direct taxes is on expected lines and is temporary in nature due to the historic tax reforms.
    India’s direct tax collections fell for the first time in two decades as a broader slowdown and now a pandemic stalled businesses in Asia’s third-largest economy. The net mop-up declined 8 percent year-on-year to Rs 10.27 lakh crore in the financial year ended March 2020. That’s a shortfall of Rs 1.43 lakh crore from the government’s revised target of Rs 11.70 lakh crore. The government’s tax revenue has not grown as expected as the Indian economy is set to grow at its slowest pace in a decade. Also, a cut in corporate tax rates announced in September prompted it to lower the direct tax collection target from Rs 13.3 lakh crore estimated in the budget presented
    Tax for new manufacturing companies and Minimum alternate tax for various other companies was also reduced to 15 per cent in order to boost investment in the numerous sectors. Providing relief to individual tax payers, Income up to 5 lakh rupees was exempted from taxation whereas the standard deduction was also enhanced to 50 thousand rupees. The revenue impact of the various reforms introduced related to taxation has been estimated to be nearly 1 lakh 68 thousand crore.
    Finance Ministry in a statement stated that, after removing the effect of the historic tax reforms, a higher growth rate in direct taxes as compared to growth rate in the GDP has been observed. The growth even in these challenging times proves that the recent efforts for widening of the tax base introduced by the Government are yielding results.

Posted by : IAS Target from AIR websites