1. Government proposes to launch mega pension yojana ‘Pradhan Mantri Shram-Yogi Maandhan
The Government proposes to launch a mega pension yojana namely ‘Pradhan Mantri Shram-Yogi Maandhan’ for the unorganized sector workers with monthly income upto Rs. 15,000.
- This pension yojana shall provide them an assured monthly pension of Rs. 3,000 from the age of 60 years.
It will be provided on a monthly contribution of a small affordable amount during their working age.
- An unorganized sector worker joining pension yojana at the age of 29 years will have to contribute only Rs. 100 per month till the age of 60 years.
- A worker joining the pension yojana at 18 years, will have to contribute as little as Rs. 55 per month only. The Government will deposit equal matching share in the pension account of the worker every month.
2. Fiscal deficit pegged at 3.4% of GDP for 2019-20
The Interim Budget 2019-20 has pegged the fiscal deficit for the year 2019-20 at 3.4% of GDP.
- The fiscal deficit for the current fiscal has been revised upward to 3.4 percent from the Budgeted target of 3.3 percent in the previous year.
- Fiscal deficit for FY21 has been pegged at 3 percent.
- The government has also set up a disinvestment target of Rs. 90,000 Crore for 2019-20.
3. South Korean footballer Ki Sung-Yeung announces retirement
Midfielder Ki Sung-Yeung announced his retirement from the South Korean national team.
- The midfielder though decided to retire after the 2018 FIFA World Cup in Russia yet decided to compete in the 2019 AFC Asian Cup, which held in the United Arab Emirates, under the new national team coach Paulo Bento.
- Ki only played in the opening match against the Philippines on January 7 before a hamstring injury ruled him out of the rest of the tournament.
4. INS Dronacharya won Kochi Area Boat Pulling Regatta 2019
INS Dronacharya team won the Regatta trophy in the area Pulling Regatta Kochi 2019 of the (SNC Southern Naval Command) held in Kochi.
- It is one of the most prestigious and traditional naval sporting activities conducted by the Southern Naval Command.
- The regatta, a signature event of southern naval command (SNC), was held in the over 1.6 km Ernakulam Channel between Venduruthy Vikrant bridge and North Jetty of the Naval Base around 7 am. Races were conducted in the traditional whalers, which are 27-feet-long boats manned by a crew of five pullers (rowers) and a coxswain at the helm. Regatta was held in four different categories viz. Junior Sailors, Senior Sailors, Officers, and Best Whaler. Six teams, formed from all major units of SNC based at Kochi, participated in the regatta.
5. Mithali became the first female to play 200 ODIs
India’s Women Cricket team captain, Mithali Raj became the first female player to play 200 ODIs during the 3rd and Final ODI against New Zealand.
- Mithali Raj has played in 200 out of 263 ODI matches that India have played till now.
- She has also scored highest runs in ODIs which is 6622 at an average of 51.33 including 7 centuries
- She also holds the longest international career among all female players.
6. Chennai Corporation has seized 88 tonnes of banned plastics in January
Tamil Nadu’s Chennai Corporation has seized 88 tonnes of banned plastics from various parts of the city in January. According to the data compiled by the civic body, the largest quantity of banned plastics has been seized from outlets in Kodambakkam zone.
- The civic officials have seized 16.23 tonnes of banned plastics from Kodambakkam in the past 31 days of the ban. Madhavaram zone reported the lowest amount of banned plastics seized in the month in the city.
- Chennai Corporation collected 1.02 tonnes of banned plastics from all the 15 zones in the city. The civic body has planned to permit cement factories to use a portion of the plastics seized from traders. The seized plastics would also be used for relaying roads.
7. An income tax rebate of Rs.12,500 for those who earn up to Rs.5 lakh
The interim Budget 2019 contains several proposals aimed at reducing the tax burden on the salaried class and homeowners, increasing the tax rebate limit and amount for small taxpayers and exempting certain forms of rental income from tax.
- Finance Minister Piyush Goyal proposed amending Section 87A of the Income Tax Act to increase the rebate for taxpayers at the lower end of the spectrum.
- Currently, the Section provides for a rebate of Rs.2,500 for all taxpayers with an income of less than Rs.3.5 lakh a year. So, a taxpayer earning Rs.5 lakh a year effectively paid tax (at 5%) on only Rs.2 lakh of that amount.
8. Karnataka State launched MyCityMyBudget initiative
MyCityMyBudget initiative was launched in Banguluru, Karnataka. The city Mayor Gangambike Mallikarjun launched the initiative.
- The initiative provides citizens an opportunity to tell the BBMP exactly on what civic infrastructure issue, the money has to be spent on. Citizens may submit their budget inputs online by visiting www.ichangemycity.com
- Now the people can send their inputs about the city’s road infrastructure, water, power, safety, transport toichangemycity’s MyCityMyBudget initiative.
9. South Central Railway got Rs.5,924 crore
South Central Railway (SCR) got Rs.5,924 crore for 2019-20 from the year 2019 budget as against last year’s outlay of Rs.5,752 crore with the highest allotment made for doubling works of Rs. 1,905 crore.
- Additional General Manager John Thomas said that the New lines got Rs.834 crore, passenger amenities Rs.229 crore and traffic facilities got Rs.138 crore.
- Addressing a press conference to explain about the allotments made to SCR after the presentation of budget by in-charge Finance Minister and Railways Minister Piyush Goyal, in Parliament earlier in the day, Mr. Thomas said most of the funds are to be utilized for safety-related works. Some 102 ROB/RUBs are to be built at a cost of ₹397 crore along with bridges at ₹52 crore this year and ₹72.5 crore for enhancing safety at level crossings, track renewals got ₹657 crore, ₹23.4 crore for traction distribution, ₹16.4 crore training and HRD. Allocations for the last mile projects are: ₹10 crore for Akanapet – Medak new line project, ₹200 crore for Manoharabad–Kothapalli new line, ₹275 crore for Munirabad–Mahabubnagar new line project, ₹405 crore for Bhadrachalam – Sathupalli new line project, ₹265 crore for Kazipet – Balharshah third line project, ₹200 crore for Secunderabad – Mahabubnagar doubling project and ₹20 crore for Ghatkesar – Yadadri extension MMTS phase-II. ₹5 crore development of satellite terminal at Cherlapalli, ₹10 crore for a periodic overhauling workshop at Kazipet, ₹1.5 crore for setting up of Institute of Railway Finance Management, Moula Ali, ₹110 crore for Kazipet – Vijayawada third line project and bypass at Kazipet (10.65 km).
10. Vani Kapoor became First Indian To Grab Australian LPGA Card
Golfer Vani Kapoor became the first Indian to grab Australian Ladies PGA Tour (LPGA) after securing 12th Rank tied with three others in the first-ever qualifying tournament at the Ballarat Golf Club in Australia.
- The top-20 from a field of 81 earned playing rights on the Australian LPGA but there were many other benefits and spots available too. Other Indian girls in the Australian LPGA Qualifying were Diksha Dagar (tied-30th with a round of 79-73-72); Astha Madan (tied-37th with cards of 75-78-73) and Ridhima Dilawari (tied-57th with cards of 76-79-76).
- Despite not making the card, Diksha, Astha and Ridhima could get into some of the Australian LPGA events, like the upcoming Ballarat Icons Australian LPGA Pro-Am, where Diksha and Astha will get a start in the two-day AUD 30,000 event over the weekend alongside Vani.