CURRENT AFFAIRS

Detailed explanation-1: -Shri Arun Jaitley announced that Mahila Shakti Kendras will be set-up at village level with an allocation of Rs. 500 crores in 14 lakh ICDS Anganwadi Centres. He said these Kendras are for empowering rural women with opportunities for skill development, employment, digital literacy, health and nutrition.

Detailed explanation-2: -The correct answer is option 3 i.e. 1, 2, and 3. The Union Budget for 2017-18 was announced by Late Mr Arun Jaitley on February 1, 2017. Theme for Budget 2017-18 was: “Transform, Energise and Clean India” – TEC.

Detailed explanation-3: -In 2017-18, the Department of School Education and Literacy has been allocated Rs 46, 356 crore, a 5.6% increase over the revised estimates of 2016-17. In 2016-17, it was budgeted to spend Rs 43, 554 crore. Note that the budget estimate for 2017-18 exceeds the estimates of 2016-17 by Rs 2, 802 crore.

Detailed explanation-4: -It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$336.39 billion) budget size.

Detailed explanation-5: -Budget Estimates 2017-18 Revenue receipts comprise of Rs 12.27 lakh crore (US$ 181 billion) of tax revenues and Rs 2.88 lakh crore (US$ 42.7 billion) of non-tax revenues. Total expenditure estimated at Rs 21.47 lakh crore (US$ 317 billion), an increase of 6.57 per cent over previous year.