Read about the union budget 2016, the 2nd Indian moon mission, the new Delhi Police commissioner and more …
1) Finance minister to present union budget 2016 today.
- Finance Minister Arun Jaitley will present his third General Budget today. It is said that today’s budget would primarily focus on stimulating growth without deviating too much from the fiscal deficit target set by Mr. Jaitley in his previous Budget.
- The Economic Survey tabled in Parliament on Friday recommends that the assets of the Reserve Bank of India and other regulatory institutions be leveraged for the plans to recapitalise the public sector banks that have stressed balance sheets and are saddled with bad loans.
- On the income tax front, the Budget may continue with the status quo on the tax slabs while it may tinker with the exemptions. Rising rural distress because of back-to-back droughts have put considerable pressure on the Finance Minister to spend more on social schemes, while at the same time he has to win back foreign investors craving for faster reforms.
- This is Jaitely’s 3rd and probably the most challenging Budget as he seeks to garner resources to boost public spending for higher growth amid global headwinds.
- His difficulties have been compounded by the huge payout of Rs 1.02 lakh crore that will become necessary on account of the 7th Pay Commission recommendations for government employees.
- Jaitley is also likely to fulfil his last year’s promise of gradual reduction of corporate tax from 30 per cent to 25 percent over four years.
2) ISRO announces India’s 2nd Moon mission.
- Indian Space Research Organisation (ISRO) chairman A S Kiran Kumar on Sunday signaled country’s readiness for Chandrayaan II mission, which will be India’s second mission to the moon.
- Chandrayaan II is an advanced version of the previous Chandrayaan-1 mission. It consists of an Orbiter, Lander and Rover configuration. It is planned to be launched as a composite stack into the Earth Parking Orbit (EPO) of 170 X 18,500 km by GSLV-Mk II.
- Kiran Kumar, who was in mangalore city, in connection with the international conference on startups, incubators and entrepreneurship and National Science Day at Yenepoya University, said the orbiter carries the combined stack up to moon till the Lunar Orbit Insertion (LOI).
- During 2010, it was agreed that Russian Space Agency ROSCOSMOS will be responsible for lunar Lander and ISRO will be responsible for Orbiter and Rover as well as Launch by GSLV
- Later, due to a shift in the programmatic alignment of this mission, it was decided that the Lunar Lander development would be done by ISRO and Chandrayaan-2 will be totally an Indian mission.
- Kiran Kumar, who is credited with development of key scientific instruments aboard the Chandrayaan I and Mangalyaan space crafts, gave an insight on achievements and contributions made by the scientists at ISRO including the Chandrayaan I and Mangalyaan.
3) Oscars 2016 Live: Leonardo Di caprio wins Best Actor for The Revenant, Brie Larson is Best Actress –
- After five Oscar nominations, Leonardo DiCaprio finally walked off the stage Sunday night with the coveted gold trophy.
- The actor, who was a favorite to win, took home the Academy Award for Best Actor for his role in “The Revenant.”
- DiCaprio used his acceptance speech to highlight an issue close to his heart — global warming.
- DiCaprio, 41, has already racked up tons of awards for the role in which he portrays the real-life frontiersman Hugh Glass, who was attacked by a bear then left in the wilderness, trekking approximately 200 miles to find the men who deserted him.
- Previously, DiCaprio scored Oscar nominations for his roles in “What’s Eating Gilbert Grape,” “The Aviator,” “Blood Diamond,” and “The Wolf of Wall Street.”
4) Alok Verma Takes Charge As Delhi’s New Police Commissioner-
- Senior IPS officer Alok Kumar Verma today took charge as the new Commissioner of Delhi Police at a time it is battling mounting criticism over handling of the JNU row.
- Mr Verma succeeds BS Bassi who was at loggerheads with the AAP government on a range of issues in the last one year.
- He assumes charge of Delhi Police when it is battling mounting criticism over handling of the JNU row.
- Mr Verma, a 1979 batch IPS officer of the AGMUT (Arunachal Pradesh-Goa-Mizoram and Union Territory) cadre, was serving as the Director General of Tihar jail.
- Mr Verma, who had joined as DG of Tihar on August 6, 2014 after serving as Special Commissioner of Police (Administration), is set to retire after 17 months.
- He served Delhi Police in number of positions, including Deputy Commissioner of Police, South District, Joint Commissioner of the Crime Branch, Joint Commissioner of Police, New Delhi Range, Special CP (Intelligence) and Special CP, Vigilance.
- On his retirement, Mr Bassi was given a farewell at the Police Headquarters today.
5) ISRO-Built Doppler Radar To Be Commissioned In Odisha’s Gopalpur:
- Gopalpur, the Odisha district that bore the brunt of severe cyclonic storm Phailin, is all set to get a doppler radar to boost the weather forecasting system on cyclone-prone east coast.
- The radar, indigenously built by Indian Space Research Organisation (ISRO) and Bharat Heavy Electricals Ltd (BHEL), is expected to be operational by next month.
- He said the government intends to cover the entire eastern and western coast with doppler radars for improved weather forecast.
- After Maharashtra government and the Centre came under fire over the handling of the 2005 deluge in Mumbai, the IMD expedited the process of setting up doppler radars.
- On the eastern coast, the IMD has installed doppler radars in Chennai, Kolkata, Machilipatnam and Visakhapatnam. Paradip and Gopalpur are new additions. The move assumes significance as the eastern coast is prone to cyclones and better forecast will help the authorities in taking timely action.
- Kochi, Bhuj, Mumbai and Karikal on the western coast already have doppler radars, while the equipment is being set up in Goa. Negotiations are on with the ISRO to install another doppler radar in Trivandrum.