Haryana PCS Exam 2021 - Financial and Economic Affairs
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Haryana PCS Exam 2021 - Financial and Economic Affairs
As far as the Harayana Civil Services Exam 2021 preparation is concerned, you can follow our unique initiative under which we are providing you a series of articles covering various Haryana-related current affairs from June 2020 to May 2021. This is well known to all the Civil Services Aspirants that the Current Affairs and Haryana GK, both are an integral part of the HCS Exam. So you must regularly follow our article to prepare for HPSC HCS Exam 2021. In this article, you will find Financial and Economic Affairs related to Haryana Government in the past year.
You can visit the following links to read our previous articles:
Haryana Civil Services 2021 - Portals and Apps in News
HCS Exam 2021 Preparation - Haryana Government Affairs
Haryana Budget 2021-22
Chief Minister Manohar Lal Khattar, who also holds the finance department portfolio, presented his second budget in the State Assembly.
- It is a paperless budget with no fresh tax
- He proposed a budget of Rs 1,55,645 crore for FY 2021-22, an increase of 13 per cent over FY 2020-21 of Rs 1,37,738 crore.
- The budget outlay comprises 25 percent as capital expenditure of Rs 38,718 crore and 75 percent as revenue expenditure of Rs 1,16,927 crore.
- As per 2021-22 Budget Estimates, the revenue deficit is estimated to be at Rs 29,193 crore (about 3.29 percent of GSDP) as compared to the Rs 20,856 crore revenue deficit in the current fiscal.
- Old Age Samman allowance raised to Rs. 2,500 per month from April 1. The allowances under the other scheme shall also be proportionately increased
- Khattar proposed to raise the Old Age Pension to Rs 2,500 per month from April 1 of this year from the present Rs 2,250.
An amount of Rs 22,000 will now be provided to Scheduled Caste individuals to meet the expenditure for defending their cases related to property, agricultural land, rent, and reservation, etc., in the courts under the Legal Aid Scheme. This was previously Rs. 11,000
The Government has announced a special campaign – “Har Khet Swasth Khet” – to focus on soil health and facilitating cropping choices based on soil quality.
- This is an effort to provide an end-to-end solution to farming – from soil health, crop choices, inputs, processing, and marketing. Farmers are being encouraged to sow crops based on soil health.
- The program for collection and testing of soil samples of every acre will be launched vigorously from April 2021 covering the whole state in 3-4 years
Read also: HCS Current Affairs 2021 - Appointments in Haryana
Important points (Budget for farmers)
- An outlay of Rs 6,110 crore has been proposed for 2021-22, of which Rs 2,998 crore is earmarked for agriculture and farmers welfare, Rs 489 crore for horticulture, Rs 1,225 crore for animal husbandry and dairying, Rs 125 crore for fisheries, and Rs 1,274 crore for cooperation.
- A new portal will be established for the participation of farmers in the scheme for the treatment of alkaline and saline soil. The Government proposes to target 1 lakh acres of land for reclamation in 2021-22.
- The Government will make 1000 Farmer Produce Organizations by March 2022. To promote entrepreneurship, a Crop Cluster Development Programme is under implementation.
The government will provide a subsidy of Rs. 7000 per acre as an incentive to farmers for diversification from paddy to alternate crops.
The target is to reduce the area under paddy cultivation by 2 lakh acres during 2021-22
The health sector has been allocated Rs 7,731 crore in 2021-22 as against previous fiscal’s Rs 6,433 crore.
Important Points:
- Government Medical Colleges are being set up in the districts of Jind and Mahendragarh.
- Shri Atal Bihari Vajpayee Government Medical College is being established in Faridabad.
- The Government has also proposed to set up Medical Colleges in the districts of Yamunanagar, Kaithal, and Sirsa.
- An Oncology Centre will be established in Maharaja Agrasen Medical College, Agroha
- Besides medical colleges, the State Government is setting up a Dental College in the existing Shaheed Hasan Khan Mewati Government Medical College, Nalhar, Nuh
- In addition, six Government Nursing Institutes are being established in districts of Faridabad, Rewari, Kaithal, Kurukshetra, and Panchkula.
Panchkula is chosen to be developed as a solar and green city.
Pinjore and Gurugram to be developed as film shooting hubs.
The Budget for 2021-22 proposes an outlay of Rs 18,410 crore for education against revised estimates of Rs 15,629 crore, with an increase of 17.8 percent.
- The proposed outlay includes Rs 9,014 crore for elementary education, Rs 5,899 crore for secondary education, Rs 2,793 crore for higher education, and Rs 705 crore for technical education.
- A sum of Rs 705 crore will be allocated to promote technology-based learning in all government schools which will include the provision of digital tablets, digital classrooms, etc.
- As a part of the National Education Policy, the government plans to upgrade classroom infrastructure through blended learning models to improve learning outcomes.
- To promote inclusivity, free education will be provided to students in government schools coming from all categories from classes 9th to 12th.
- A sum of Rs 192 crore will be allocated for ensuring quality education and opportunities to them, as per budget provisions.
The process is on to establish Dr. Mangal Sen Government Medical College in Bhiwani under the centrally sponsored scheme by upgrading the existing District Hospital of Bhiwani.
- Government Medical Colleges are being set up in the districts of Jind and Mahendragarh.
- Shri Atal Bihari Vajpayee Government Medical College is being established in Faridabad.
- The Government has also proposed to set up Medical Colleges in the districts of Yamunanagar, Kaithal, and Sirsa.
- An Oncology Centre will be established in Maharaja Agrasen Medical College, Agroha
- Besides medical colleges, the State Government is setting up a Dental College in the existing Shaheed Hasan Khan Mewati Government Medical College, Nalhar, Nuh
- In addition, six Government Nursing Institutes are being established in districts of Faridabad, Rewari, Kaithal, Kurukshetra, and Panchkula.
Haryana Mines and Geology Minister Mool Chand Sharma stated that despite Covid, the government received revenue of Rs 1,022.63 crore from mining operations during FY 2020-21, which was 31 percent more than the previous financial year.
- However, though no mining was done for 26 days due to the lockdown last year, getting revenue of Rs 1,022.63 crore was commendable.
- This was the first time in the history of the department when the revenue from mining works had crossed the Rs 1,000-crore mark.
Read also: Haryana Government Schemes - For HCS Exam 2021
Haryana Chief Minister, Mr. Manohar Lal, has approved a comprehensive plan for crop residue management in the State to the tune of Rs. 1,304.95 crore.
- The aim of the plan is to prevent stubble burning in the State.
- The Central Government has provided Rs. 170 crore to the State under this plan this year.
- The State Government has submitted to the Central Government an annual action plan to the tune of Rs. 639.10 crore under the scheme ‘Promotion of Agricultural Mechanization for In-Situ Management of Crop Residue’.
- The plan entails in-situ and ex-situ management of crop residue, as well as enforcement measures regarding the prohibition on stubble burning. All administrative measures will be taken as the previous year
- The State Government had been taking all possible measures for the management of paddy straw in-situ (in the field), including distributing equipment for crop residue management, establishing Custom Hiring Centres (CHCs), and establishing dedicated control room at state headquarters at the Directorate of Agriculture and Farmers’ Welfare.
The Gurugram Metropolitan Development Authority (GMDA) receives the full amount of External Development Charges (EDC) in the Gurugram district from April 1.
Similarly, EDC money to be deposited from Faridabad district will also go to Faridabad Metropolitan Development Authority (FMDA). Only GMDA or FMDA will control this money.
- This decision was taken during the 8th meeting of Gurugram Metropolitan Development Authority (GMDA) held in Gurugram under the Chairmanship of Chief Minister, Sh. Manohar Lal.
- During the meeting, another important decision was taken with regard to increasing the income of GMDA according to which GMDA will now get half of the stamp duty, i.e., one percent out of the two percent stamp duty which is levied at the time of registration of land or plot.
- GMDA CEO - Sh. Sudhir Rajpal
Haryana Cabinet, which met under the chairmanship of Chief Minister Manohar Lal Khattar approved the Excise Policy for the year 2021-22.
- The overall collection from excise in the financial year 2020-21 stood at Rs 6792 crore against a collection of Rs 6361 crore during the Financial year 2019-20.
- Despite complete lockdown till the first week of May 2020 and overall economic slowdown for a major part of the year 2020-21, excise revenue during the financial year 2020-21 has witnessed a growth of 6.69 per cent.
- The excise policy for the year 2021-22 has been framed with a focus on the aspirations of all the stakeholders.
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In a bid to ensure that there is no delay in payments to be made to farmers during the upcoming rabi season 2021-22 commencing from April, Haryana Chief Minister Manohar Lal Khattar has announced that 9 percent interest (bank rate plus one percent) would be paid to the farmers if their payments are delayed.
- The payments would be made directly into the verified accounts of farmers
Maximum projects worth Rs 332.34 crore dedicated to the Jhajjar district.
- These include the inauguration of 2 projects worth Rs 27 crore and the foundation stone of 1 project worth Rs 305.34 crore.
- The Chief Minister dedicated two projects worth Rs 42.41 crore to Panchkula, Yamunanagar district.
Haryana Urban Local Bodies Department has imposed a two per cent duty on the transfer of immovable properties located within the limits of Municipal Corporations across Haryana.
- Imposing the duty would increase the price paid by the people during the transfer of immovable properties. The fresh two percent duty shall be imposed in addition to charges already applicable in such transfer of properties.
- The notifications were issued by the Additional Chief Secretary (Urban Local Bodies) S N Roy.
- Chief Minister Manohar Lal Khattar, who also holds the Finance portfolio, will be presenting the state's Budget on March 12.
Haryana Government has decided to reduce stamp duty from Rs. 2000 to Rs. 100 chargeable on Loan Agreements or Agreement or Memorandum of an Agreement under clause (c) of Article 5 of Schedule I-A of the Indian Stamp Act, 1899.
- A decision in this regard was taken in the Cabinet meeting met under the chairmanship of Chief Minister, Mr Manohar Lal.
- This reduction shall secure the interests of small and marginal farmers, agriculturists as well as those who have availed small loans under Differential Rate of Interest (DRI), vehicle loans, persons willing to avail locker facility, and those who seek to avail loans under schemes of marginal loans, etc.
- Thus it will be beneficial for all categories of society. The reduced stamp duty shall apply to all loan agreements which are executed by such borrowers in favor of the Banks, Financial Institutions, Financial Development Corporations, etc.
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