17-03-23 Daily-Punjab-PPSC Current Affairs

The way the states finances are being managed, Punjabs is likely to cross Rs 5 lakh crore in 10 years. This fact came to the fore in a report on State Finances for 2021-22 prepared by the Comptroller and Auditor General and tabled in the Assembly.

The state used the borrowed funds for meeting the current consumption and repayment of interest on outstanding loans but it is not a healthy trend. During 2017-22, the government utilised between 59% and 73% of its current borrowings for repayment of earlier borrowings. State incurred 64% of the total Revenue Expenditure on committed liabilities, leaving only 36% for the priority sector

Subsidies constituted 11 per cent to 18 per cent of the revenue expenditure during 2017-22

Power subsidy constituted a major portion of the total subsidies ranging between 68 per cent and 99 per cent

During 2021-22, the government spent ? 8,010 crore (25 per cent of the borrowed funds) on Capital Expenditure which showed a notable improvement in utilisation of borrowed funds towards creation of concrete assets

The fifth largest economy in the world, India is likely to achieve energy independence by 2047. PM Narendra Modis Atmanirbhar Bharat will prove to be a gateway for future Growth.

This can only be possible through clean technology according to a report issued by a leading US Research Institute.

Talking about the current scenario, India is almost 80-85 per cent reliant on imports in order to fulfil its oil and coal requirements. However, a significant drop in clean energy costs is a great chance for the country to accelerate its in battery storage, RENEWABLE ENERGY, etc.

The film The Kashmir Files directed by Vivek Ranjan Agnihotri has been shortlisted at the Dadasaheb Phalke International Film Festival 2023.

There were several big personalities who attended the event such as Rekha, Alia Bhatt, Vidya Balan, Varun Dhawan and media staff, ministers, etc.

The Film of the Year 2023 award was honoured for the RRR movie, directed by S. S. Rajamouli.

The Archaeological Survey of India (ASI) recently shared a list of sites which include the Gulf of Kutch, Gujarat and the Gomti River in Ayodhya, Uttar Pradesh.

Excavations are to be performed in 31 sites in total. Several sites are 16 in number and universities are also mentioned on the list. It comprises excavation projects in Pratima Garh and surrounding areas and Vembakottai in Tamil Nadu.

This is going to be undertaken by the respective state governments. One of the regions selected for the mission is Harwan in Srinagar, J&K. This area is an important part of Buddhist HISTORY as it is believed that the 4th Buddhist council was held here in the 1st or 2nd century CE.

Indian Prime Minister Narendra Modi and Singapore PM Lee Hsien have launched the linkage of UPI and PayNow, their fast payment methods

In a virtual meeting, the Prime Ministers of both countries agree upon a joint venture to provide cross-border transactions.

As per a survey conducted by the National Payments Corporation of India (NPCI), a record of 7.82 billion transactions is evident in UPI payments in 2022.

The Swiss-based company IQAir has released World Air Quality Index for the year 2022 where it has ranked India in the 8th position, earlier it was fifth.

African country Chad acquires the first position as it is the world’s most polluted country in the world.

India and Pakistan are on alert as they have the most polluted cities in the world amid depleting environmental conditions across the globe.

Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded

Silicon Valley Bank, the nations 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits.

Signature Bank, the 29th-largest bank in the U.S., also closed its doors, suggesting the financial panic had spread.

Many bank stocks plummeted in early trading. First Republic Bank dropped 65% before trading was halted; Western Alliance Bancorp fell almost 60%. Charles Schwab, the eight-largest U.S. bank, dropped nearly 10%.

The fifth largest economy in the world, India is likely to achieve energy independence by 2047. PM Narendra Modis Atmanirbhar Bharat will prove to be a gateway for future Growth.

This can only be possible through clean technology according to a report issued by a leading US Research Institute.

Talking about the current scenario, India is almost 80-85 per cent reliant on imports in order to fulfil its oil and coal requirements. However, a significant drop in clean energy costs is a great chance for the country to accelerate its in battery storage, RENEWABLE ENERGY, etc.

The film The Kashmir Files directed by Vivek Ranjan Agnihotri has been shortlisted at the Dadasaheb Phalke International Film Festival 2023.

There were several big personalities who attended the event such as Rekha, Alia Bhatt, Vidya Balan, Varun Dhawan and media staff, ministers, etc.

The Film of the Year 2023 award was honoured for the RRR movie, directed by S. S. Rajamouli.

The Archaeological Survey of India (ASI) recently shared a list of sites which include the Gulf of Kutch, Gujarat and the Gomti River in Ayodhya, Uttar Pradesh.

Excavations are to be performed in 31 sites in total. Several sites are 16 in number and universities are also mentioned on the list. It comprises excavation projects in Pratima Garh and surrounding areas and Vembakottai in Tamil Nadu.

This is going to be undertaken by the respective state governments. One of the regions selected for the mission is Harwan in Srinagar, J&K. This area is an important part of Buddhist HISTORY as it is believed that the 4th Buddhist council was held here in the 1st or 2nd century CE.

Indian Prime Minister Narendra Modi and Singapore PM Lee Hsien have launched the linkage of UPI and PayNow, their fast payment methods

In a virtual meeting, the Prime Ministers of both countries agree upon a joint venture to provide cross-border transactions.

As per a survey conducted by the National Payments Corporation of India (NPCI), a record of 7.82 billion transactions is evident in UPI payments in 2022.