CURRENT AFFAIRS

2021

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Union Finance Minister Nirmala Sitharaman launched an ambitious ‘Ubharte Sitaare Fund’-USF for export-oriented firms and startups in a program from which city?

A	Gurugram
B	Faridabad
C	Bhopal
D	Lucknow

Explanation:

Detailed explanation-1: -Recently, the Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund to facilitate debt and equity funding to export-oriented MSMEs (Micro Small and medium Enterprises).

Detailed explanation-2: -Sitharaman’s budget for the fiscal year starting April 2023 is her fifth straight since 2019. Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.

Detailed explanation-3: -This year also by the Minister of Finance the budget 2023 will be released. The union budget 2023 will be presented by our finance minister Nirmala Sitaraman. The budget will be presented in parliament like every year on 1 February 2023.

Detailed explanation-4: -Former Prime Minister Morarji Desai who holds the tag of presenting 10 Budgets – the maximum number by any Finance Minister – had presented five of them in a row. The five annual budgets were presented from 1959-60 to 1963-64 during his stint as Finance Minister.

There is 1 question to complete.