Tamilnadu Affairs
Into 3rd year, with guns blazing: Fiscal deficit down to 3%; TN GSDP growth projected at 14%
After squirreling away the state’s and earnings for two years,Tamil Nadufinance ministerPalanivel Thiaga Rajanon Monday presented a budget that reflected fiscal discipline, measured populism and a promise to balance the two.
By reducing Revenue Deficit by around 16,062 crore,PTRmanaged to restrict Fiscal Deficit – as a Percentage of GSDP – at 3% this year (2022-23) at 30,476 crore (46,538 crore in 2021-22, at 3.4%).
Yet he managed to set aside 7,000 crore to offer 1,000 a month for Women household-heads from September this year to fulfil a prominent poll promise of theDMKin 2021. Termed the “largest direct cash payout” by any state, the announcement comes at a time when the state faces an annual loss of 20,000 crore as GST compensation from the Centre from 2023-24. The finance minister announced higher allocations for Education, urban development, highways and Health for the year ahead.
The state’s own tax revenue is estimated to grow by almost 20% at 1.81 lakh crore during 2023-24, as against 1.52 lakh crore in the revised estimates of 2022-23. The state’s own non-tax revenue is expected to register a 32% Growth at 20,223.51 crore during 2023-24 compared to 15,309.4 in the revised estimates for 2022-23.
The share of central taxes is set to increase to 41,664 crore in 2023-24 (38,731 crore in the 2022-23 revised estimates). Despite an increase, it continues to be far less than what should be devolved to states but for the indiscriminate levy of cesses and surcharges by the Union Government, PTR pointed out. Grants-in-aid from the Union government will be lower at 27,444 crore, including 4,572 crore in GST compensation arrears for 2023-24 compared to 39,748 crore, including 16,215 crore as GST compensation arrears in the revised estimates of 2022-23.
National and International Affairs
UIDAI Initiates AI-based Fingerprint for Aadhar Card
The Unique Identification Authority of India (UIDAI) has launched an AI-based Fingerprint Authentication for all Aadhar Card users.
Through this, quick detection of fraudulent attempts can be done and this will also check the liveliness of the fingerprint.
The UIDAI officials have urged all entities to switch over to the newly developed secured facility. Two technologies have been used in creating this provision which is and Machine Learning.
AAHAR 2023: Asias biggest International Food and Hospitality Fair begins in Delhi
The objective of Aahar 2023, which was put together with the help of the Union Ministry of Food Processing Industries, the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture and Processed Food Products Export Development Authority (APEDA), and other organizations, is to showcase the hospitality industrys potential and showcase technologies, goods, and Services to both domestic and foreign consumers.
The greatest four-day culinary event in India is called Aahar 2023, where wholesalers, caterers, hoteliers, and restaurant owners gather to source the best food, hospitality, and equipment as well as to assess trends.
At the fairs major event Aahar 2023, Culinary Art India, WACS-certified jury members from India and overseas will also assess the skill of more than 500 cooks.
In Aahar 2023 event, The other chefs will have the chance to showcase their skills and abilities while famous chefs cook up some of their best dishes.
International IP Index 2023 shows Indias position at 42
US Chambers of Commerce has published the International Intellectual Property Index 2023 and ranked India at 42 among 55 global economies.
While the US topped the report, UK and France come next to the US. The report shows an in-depth assessment of like patent and copyright policies of each economy across the world.
The senior VC of the US association, Patrick Kilbride proclaimed that India is now fully prepared to head the growing markets as it is transforming itself through IP-driven innovation.
Japanese PM Kishida invites PM Modi to G7 Hiroshima summit
Japanese Prime MinisterFumio Kishidahas formally invited Prime MinisterNarendra Modi to the Summit after both had a delegation-level talk at Delhis Hyderabad House.
PM Modi said that PM Kishidas visit will be helpful to maintain a momentum of mutual cooperation between India and Japan. He pointed out the importance of leading two significant summits,G20 and G7, by respective countries.
26% of world lacks clean drinking water, 46% sanitation: UN
A new report launched on the eve of the first major U.N. conference on water in over 45 years says 26% of the worlds Population doesnt have access to Safe drinking water and 46% lack access to basic sanitation.
The U.N. World Water Development Report 2023 painted a stark picture of the huge gap that needs to be filled to meet U.N. goals to ensure all people have access to clean water and sanitation by 2030.
According to the report, water use has been increasing globally by roughly 1% per year over the last 40 years and is expected to grow at a similar rate through to 2050, driven by a combination of <a href="https://exam.pscnotes.com/population-Growth“>Population Growth, socio-Economic Development and changing consumption patterns.
UIDAI Initiates AI-based Fingerprint for Aadhar Card
The Unique Identification Authority of India (UIDAI) has launched an AI-based Fingerprint Authentication for all Aadhar Card users.
Through this, quick detection of fraudulent attempts can be done and this will also check the liveliness of the fingerprint.
The UIDAI officials have urged all entities to switch over to the newly developed secured facility. Two technologies have been used in creating this provision which is and Machine Learning.
AAHAR 2023: Asias biggest International Food and Hospitality Fair begins in Delhi
The objective of Aahar 2023, which was put together with the help of the Union Ministry of Food Processing Industries, the <a href="https://exam.pscnotes.com/Agriculture-notes-for-state-psc-exams”>Agriculture and Processed Food Products Export Development Authority (APEDA), and other organizations, is to showcase the hospitality industrys potential and showcase technologies, goods, and Services to both domestic and foreign consumers.
The greatest four-day culinary event in India is called Aahar 2023, where wholesalers, caterers, hoteliers, and restaurant owners gather to source the best food, hospitality, and equipment as well as to assess trends.
At the fairs major event Aahar 2023, Culinary Art India, WACS-certified jury members from India and overseas will also assess the skill of more than 500 cooks.
In Aahar 2023 event, The other chefs will have the chance to showcase their skills and abilities while famous chefs cook up some of their best dishes.
International IP Index 2023 shows Indias position at 42
US Chambers of Commerce has published the International Intellectual Property Index 2023 and ranked India at 42 among 55 global economies.
While the US topped the report, UK and France come next to the US. The report shows an in-depth assessment of like patent and copyright policies of each economy across the world.
The senior VC of the US association, Patrick Kilbride proclaimed that India is now fully prepared to head the growing markets as it is transforming itself through IP-driven innovation.
Japanese PM Kishida invites PM Modi to G7 Hiroshima summit
Japanese Prime MinisterFumio Kishidahas formally invited Prime MinisterNarendra Modi to the Summit after both had a delegation-level talk at Delhis Hyderabad House.
PM Modi said that PM Kishidas visit will be helpful to maintain a momentum of mutual cooperation between India and Japan. He pointed out the importance of leading two significant summits,G20 and G7, by respective countries.
26% of world lacks clean drinking water, 46% sanitation: UN
A new report launched on the eve of the first major U.N. conference on water in over 45 years says 26% of the worlds Population doesnt have access to Safe drinking water and 46% lack access to basic sanitation.
The U.N. World Water Development Report 2023 painted a stark picture of the huge gap that needs to be filled to meet U.N. goals to ensure all people have access to clean water and sanitation by 2030.
According to the report, water use has been increasing globally by roughly 1% per year over the last 40 years and is expected to grow at a similar rate through to 2050, driven by a combination of <a href="https://exam.pscnotes.com/population-Growth“>Population Growth, socio-Economic Development and changing consumption patterns.
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