Latest News and Updates (5-12 March)

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Latest News and updates
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Latest News and updates from the Past Days

  • The Central  Industrial  Security Force (CISF) Raising Day us observed every year on 10 March. Top of Form
  • On CISF Day, various events and ceremonies are organized by the CISF personnel to commemorate the force’s contributions to national security and public safety. It is an occasion to recognize the bravery, dedication, and professionalism of CISF of the nation and its citizens. Additionally, the day serves as an opportunity to reaffirm the commitment to enhancing the capabilities and effectiveness of the CISF in safeguarding India’s critical infrastructure and assets.
  • The Central Industrial Security Force (CISF) Day is celebrated on March 10th each year. It marks the founding anniversary of the CISF, which is one of the Central Armed Police Forces of India. The CISF was established in 1969 with the primary objective of providing security and protection to major critical infrastructure installations across India, including airports, seaports, nuclear power plants, government buildings, and other vital installations.
  • World Hearing Day is observed annually on March 3rd. It is an awareness-raising campaign held by the World Health Organization (WHO) to highlight the importance of hearing health and to promote ear and hearing care across the globe. The day aims to raise awareness about the prevention of deafness and hearing loss and promote ear and hearing care at the national and international levels. Each year, World Hearing Day focuses on a specific theme related to hearing health, such as early detection and intervention for hearing loss, the importance of hearing screenings, or the impact of hearing loss on communication and quality of life. This global initiative serves to advocate for better hearing health care and to encourage individuals to take action to protect their hearing.
  • The theme for World Hearing Day 2024 is “Changing mindsets: Let’s make ear and hearing care a reality for all!”
  • Jacintha Kalyan Made History as India’s First Female Pitch Curator at the M Chinnaswamy.
  • World’s Highest frozen lake marathon took place on Pangong Tso Lake. Bhagwan Singh and Mahesh Khurana from Bhopal finished the Pangong Frozen Lake Marathon 2024 in Leh-Ladakh.
  • Reliance has recently uneveiled a 3,000 acre sanctuary within the Green Belt of Reliance’s Jamnagar Refinery Complex.
  • Slice appoints Nayanthara as Brand Ambassador. Nayanthara is a popular Indian actress known for her work in South Indian cinema.
  • PM Modi presented the first-ever National Creators Awards at the Bharat Mandapam in New Delhi. The National Creators Awards in India are honors given to recognize outstanding creators across various fields, such as art, literature, music, film, and more.
  • Tomas Sulyak became the new president of Hungary by replacing Kotalin Novak.
  • World’s first jet suit race took place in Dubai. The race featured pilots flying in jet suits equipped with small jet engines, allowing them to fly at high speeds and maneuver through the air.
  • PM Modi Announced India will have its own Space Station by 2035. International Space Station is currently managed by the US, Russia, Japan,  Canada and European space agencies. The International Space Station is anticipated to be decommissioned by 2030.
  • Russia  has announced its departure from the International Space Station  (ISS) in 2025.
  • France became the 1st and the only country to make the abortion a constitutional right. Abortion laws in France are relatively liberal compared to many other countries. Abortion was legalized in France in 1975 through the Veil Law, named after then-Minister of Health Simone Veil. Under this law, abortion is legal during the first 12 weeks of pregnancy (14 weeks since a law was passed in 2021) upon request, and in some cases, it can be performed up to 24 weeks if there are serious health risks to the woman or if the fetus has a severe abnormality.
  • Spain won the 9th FIFA Women’s World Cup 2023 hosted by Australia and New Zealand by beating England in the final. The FIFA Women’s World Cup is an international women’s football competition organized by FIFA (Fédération Internationale de Football Association), the sport’s global governing body. It is the premier international tournament in women’s football and is held every four years.
  • Government of India launched “Mera Pehla Vote Desh ke Liye” Compaign.
  • Vantara is  Reliance’s 3000-acre sanctuary dedicated to the rescue, treatment, care, and rehabilition of animals in need.
  • World Gold Council (WGC) has named Sachin Jain as its new CEO for India.
  • World’s First Vedic Clock was recently unveiled in Ujjain,  Madhya Pradesh.
  • FATF(Financial Action Task Force) removed UAE from its Gray List. The headquarter of FATF is situated in Paris, France. North Korea, Iran and Myanmar  are part of FATF’s Black List.
  • Rhas paed Bull driver, Netherland’s Max Verstappan won the inaugural Grand Prix of 2024 in Bahrain.
  • Sub-Inspector Suman Kumari from HP, made History as BSF’s First Female Sniper.
  • The Karnataka state government is teaming up with World Economic Forum (WEF) to create a new AI center. This partnership aims to make Karnataka a top spot for artificial intelligence worldwide, connecting the state with the global tech scene.
  • Oppenheimer has won the Best Film Award at the Oscars Awards 2024. The Oscar Awards, officially known as the Academy Awards, are one of the most prestigious honors in the film industry. They are presented annually by the Academy of Motion Picture Arts and Sciences (AMPAS) to recognize excellence in various categories of filmmaking.
  • French footballer Paul Pogba has been handed a four-year suspension from football due to doping allegations.
  • International  Women’s Day (IWD) is celebrated annually on March 8th to honor the social, economic, cultural, and political achievements of women around the world. It is also a day to raise awareness about gender equality and women’s rights issues. Theme of International Women’s Day 2024 is “Invest in Women: Accelerate Progress”.

Punjab Budget

The Punjab budget is an annual financial plan outlining the revenue and expenditure projections for the state of Punjab in India. It serves as a crucial tool for the government to allocate resources efficiently towards various sectors such as infrastructure, education, healthcare, agriculture, and social welfare.

The budget typically includes revenue estimates from sources like taxes, grants, and loans, as well as expenditure allocations for different departments and programs. It reflects the government’s priorities and strategies to promote economic growth, social development, and overall well-being within the state.

Key components of the Punjab budget may include provisions for infrastructure development, investments in agriculture and rural development, initiatives to enhance education and healthcare services, measures to boost industrial growth and employment, as well as allocations for welfare schemes targeting marginalized communities and vulnerable groups.

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The Punjab budget is presented annually by the state’s finance minister and undergoes scrutiny and debate in the legislative assembly before its approval. It plays a vital role in shaping the state’s economic policies and development agenda for the fiscal year, aiming to achieve sustainable growth and prosperity for the people of Punjab.

Key features of Punjab Budget 2024-25

Key features of Punjab Budget 2024-25 are given below:

  • Total Budget Expenditure of  Rs. 2,04,917.67 crore for FY 2024-25.
  • Harpreet Singh Cheema, Financial Minister Presenting Budget 2024-25.
  • As per the Advanced estimates provided by Directorate of Statistics, Punjab is growing  at a rate of 9.41% in the current year.
  • The GSDP stands at Rs. 7,36,423 crore & it has been estimated to grow at 9% to Rs. 8,02,701 crore in FY 2024-25.
  • The Effective Revenue Deficit and Fiscal Deficit are expected to be 2.77% and 3.80%, respectively and have improved from previous figure 3.13 % and 4.12%, respectively.
  • The total allocation for Agriculture in the Punjab Budget 2024-25 is Rs 13,784 crore.
  • Total allocation for Education sector in the 2024-25 Punjab Budget is 16,987 crore.
  • A budgetary outlay of Rs179 crore is proposed for employment generation and training schemes in FY 2024-25 including the Punjab Hunar Vikas Yojna.
  • Government has operationalised a total of 60 public Mining sites in 3 Phases and total quantity of 14.66 Lakh Metric Tonnes has been sold from these sites at pit head sale price of s 5.50 per cft. In the next phase, another 16 sites are expected to be launched soon in the state.
  • According to Punjab Budget FY25, E-buses would soon run in the cities of Jalandhar, Amritsar, Ludhiana and Patiala.
  • Atal Mission for Rejuvenation and Urban Transformation (AMRUT) related to water supply schemes and environmental rejuvenation, Rs394 crore is proposed.
  • An allocation of Rs 510 crore in FY 2024-25 for help people with pucca houses.
  • According to budget FY25 118  Government schools will be undergoing their transformation into state-of-art schools of Eminence.
  • “Mission Unnat Kisan” has been launched to provide timely technical information farmers for proper cultivation of cotton.
  • Government has also provided 33% subsidy on cotton seed to approx 87000 for farmers.
  • An MOU has been signed with SIDBI  for setting up of Chilli processing Center in Abohar.
  • According to budget FY25, 1000 sports nurseries will be established for approximately 60,000 sportspersons aged between 6 to 17 years in Punjab.

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