Questions and Answers



1. The Major Highlights/Announcement of the Union Budget 2016-17

union budget_exambeat.comi. Union Finance Minister Arun Jaitley presents his third Union Budget. To support the small tax-payer and the small investor, the Minister announced a slew of schemes, and income tax exemptions.

ii. Following are the key highlights :
- Forex reserves are at highest level at $350 billion'
- 2016: Current account deficit seen at 1.4% of GDP'
- 3 schemes to address weaker sections'
- GDP growth has accelerated to 7.6%. CPI inflation has come down to 5.4%.
- FY 16-17 will have the additional burden of implementing the VII pay commission and the defence OROP.
- New


1. ISRO to set up Satellite Centre for in ASEAN countries in Vietnam

isro_exambeat.comi. Indian Space Research Organization (ISRO) is working to establishment of a Satellite Tracking & Data Reception Station and Data Processing Facility for ASEAN Member countries in Vietnam.

ii. ISRO will set up this satellite centre at the behest of Union Government as part of Space Cooperation between India and Association of South East Asian Nations (ASEAN). This information was provided by the Union Minister of State (Independent Charge) for Atomic Energy and Space, Dr Jitendra Singh in a reply to an unstarred question in Lok Sabha.

iii. This facility is intended to acquire and process Indian Remote Sensing


1. Highlights of Economic Survey 2015-16

economic survey_exambeat.comi. The Economic Survey is presented by the ministry of  Finance in the parliament every year, before the Union Budget. 

ii. The Economic Survey reviews the developments of the Indian economy over the previous 12 months, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. 

iii. It is the Finance Ministry's view on the annual economic development of the country that gives a broad idea on the macro-economic data, which will impact the budget decisions.  

iv. This year the report is a


1. All About Railway Budget 2016-2017

railway i. Railway Minister Suresh Prabhu presented his second rail budget this year. 

ii. He kept the fares unchanged.  In his budget speech, he said that for this budget he owes its inspiration to vision of PM Modi who said: "My vision is to make railways backbone of India’s progress & economic development."

iii. He outlined the 3 pillars of strategy - raise new revenues, raise productivity and efficiency and revamp the processes. 

iv. He also said that the Core objective is to become engine of economic growth, create employment and provide customer service.

v. Here are


1. Government To Sell Its 5 % Stake In NTPC

ntpc_exambeat.comi. Government will sell its 5 per cent stake in India's largest power producer NTPC at a floor price of Rs 122 per share to raise Rs 5,029 crore. 

ii. The government, which owns almost 75% of the company, plans to sell its stake in the two-day sale filings.

iii. Retails investors, for whom 20 per cent shares have been reserved, will get to bid on February 24. 

iv. Indian government still remains well short of its Rs69,500 crore stake sale target for the year to 31 March. 

v. This fiscal, the government has sold shares in companies including Power Finance Corp. and Rural Electrification Corp. It has rais