Page 252 - General Knowledge

GENERAL KNOWLEDGE 2019

 The person has such interests that may be detrimental for the effective functioning of
the commission.
 The Financial relationship between the Centre (Union) and the States is provided in the
constitution.
 The constitution gives a detailed scheme of distribution of financial resources between
Union and the States.
 The Indian constitution makes a broad distinction between the power to levy a tax and the
power to appropriate the proceeds of a tax.
 Thus, the legislature which levies a tax is not necessarily the authority which retains the
proceeds of a tax levied.
Financial Relation between Centre and State in India
 The Financial relationship between the Centre (Union) and the States is provided in the
constitution.
 The constitution gives a detailed scheme of distribution of financial resources between
Union and the States.
 The Indian constitution makes a broad distinction between the power to levy a tax and the
power to appropriate the proceeds of a tax.
 Thus, the legislature which levies a tax is not necessarily the authority which retains the
proceeds of a tax levied.
 The constitution grants the Union Parliament exclusive power to levy taxes on several
items.
 The state legislatures enjoy similar power with regard to several other specified items.

6. UNION BUDGET
Union Budget 2016-17
 The Union Budget is the annual report of India as a country.
 It contains the government of India's revenue and expenditure for the end of a particular
fiscal year, which runs from April 1 to March 31.
Highlights on Agriculture Sector
 Union Finance Minister has announced of 35984 crores for agriculture and farmer welfare.
 5 lakh hectares of land will be brought under irrigation 28.5 lakh acres will be brought under
organic farming over a three year period.
 20,000 crores Dedicated Irrigation Fund in NABARD.
 Soil Health Card scheme will cover all 14 crore farm holdings by March 2017.
 368 crores has been provided for National Project on Soil Health and Fertility.
 Allocation under Prime Minister Fasal Bima Yojana will be 5500 crores.
 The scheme was approved by the Union Government in January 2016.
 Pradhan Mantri Krishi Sinchai Yojana will be implemented in mission mode.
 Under the scheme which was approved by the Union Government in July 2015 28.5 lakh
hectares will be brought under irrigation.
 850 crores will be spent on 4 new dairying projects. They are
 Pashudhan Sanjivani, an animal wellness programme and provision of Animal Health Cards
(Nakul Swasthya Patra)
 Programme on Advanced Breeding Technology
 Creation of E-Pashudhan Haat, an e-market portal for connecting breeders and farmers.

248 | P a g e shop.ssbcrack.com