CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The Union Budget 2023-24 has allocated Rs. 2,516 crore for the computerization of which unit, over the next 5 years?
A
State Cooperative Banks
B
District central cooperative banks
C
Primary Agricultural Credit Societies
D
Multi-state Cooperative Banks
Explanation: 

Detailed explanation-1: -2, 516 crore for the computerization of 63, 000 PACS over the next 5 years. Primary Agricultural Credit Societies (PACS) are village-level cooperative credit societies that act as the last link to the 3-tier cooperative credit structure, which is headed by the State Cooperative Bank or SCB.

Detailed explanation-2: -The major items are urban housing (PMAY-U) at Rs 25, 103 crore and metro projects at Rs 23, 175 crore. Several metro systems are not able to generate required ridership to breakeven. Petroleum and Natural Gas: The Ministry has been allocated Rs 41, 008 crore, which is a 21% increase over the revised estimates for 2022-23.

Detailed explanation-3: -Budget Estimates 2023-24 Concluding the Part-One of the General Budget, Ms Nirmala Sitharaman said that the total receipts other than borrowings and the total expenditure are estimated at Rs 27.2 lakh crore and Rs 45 lakh crore respectively. The net tax receipts are estimated at Rs 23.3 lakh crore.

Detailed explanation-4: -The total capital expenditure in RE 2022-23 is estimated at ‘7, 28, 274 crore. (ii) 5. The total expenditure in BE 2023-24 is estimated at ‘45, 03, 097 crore of which total capital expenditure is ‘10, 00, 961 crore.

There is 1 question to complete.