Cheat Sheet

  • Modicare, World's Largest National Health Protection Scheme: All You Need To Know
    In the Union Budget 2018-19, Finance Minister Arun Jaitley announced that India will have the world's largest healthcare programme for half a billion of its poorest citizens. He went on to lay out plans to merge three public sector insurance companies and list the new entity. The plan was soon dubbed "NaMoCare" by BJP president Amit Shah and "ModiCare" by many online. The Ayushman Bharat scheme, also being called "ModiCare", is a new health protection scheme that would cover around 10 crore poor and vulnerable families, or about 50 crore poor people of India. "ModiCare" is seen as an attempt by the government to reform India's public health system, which faces acute shortage of hospitals and doctors .
  • Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points
    Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while NSE Nifty settled at 10,760. That marked the biggest percentage loss for Sensex in a single day since November 2016. Weak global markets also hurt the domestic equities. Yields on 10-year US Treasuries jumped to a near four-year peak, sparking a selloff in other Asian markets.
  • Kamala Das Is Today's Google Doodle: 10 Facts About The Legendary Poet And Author
    Google honours poet and author Kamala Das with a doodle on the publication date of her autobiography, "My Story," that was released in 1976. Kamala Das' life and work had a boldness and shape-shifting quality, whether it was the many genres she wrote in or the various languages in which she expressed herself. She was determined to live life on her own terms, resisting labels such as "feminist" and choosing different names for herself over the course of her life," Google wrote in a post. The artist of Kamala Das' Google Doodle is Manjit Thapp, which Google said, "provides a window into the world of an engrossing woman."
  • Kalpana Chawla Death Anniversary: 10 Interesting Facts About First Woman Astronaut Of Indian Origin
    Kalpana Chawla, an American astronaut and the first woman of Indian origin in space, was one of the seven crew members who died in the Space Shuttle Columbia disaster when the craft disintegrated during its re-entry into the Earth's atmosphere on February 1, 2003. Kalpana Chawla was the first Indian-born woman and the second Indian person to fly in space after astronaut Rakesh Sharma. Fifteen years after her death, she continues to inspire all, especially young women who aspire to be astronauts. Kalpana Chawla was posthumously awarded the Congressional Space Medal of Honor.
  • Sensex Surges 250 Points Ahead Of Budget 2018, Nifty Above 11,050: 10 Points
    The BSE benchmark index Sensex and NSE Nifty rose higher in morning trade, ahead of presentation of Budget 2018 by Finance Minister Arun Jaitley in Parliament at 11 am today. The Sensex rose over 250 points to touch an intraday high of 36,226.97. The NSE Nifty rose as much as 73 points to hit 11,100.70.Higher global markets have given a boost to Indian stocks. Asian markets are mostly higher, tracking gains on the Wall Street, after US Federal Reserve kept interest rates unchanged overnight. Budget 2018-19 would set the direction for Sensex and Nifty in the near term, say experts. The corporate India is also hoping for a tax cut in Budget 2018-19, though expectations are modest given the fiscal constraints. There are expectations that the government may also announce some income tax sops for the middle class.
  • In Budget 2018, Health Care For 10 Crore Families, Farmers Gain Too: 10 Facts
    As Finance Minister Arun Jaitley rolled out a Budget focused on farmers and the rural poor today, while boosting jobs and private investment, he has pegged the fiscal deficit target for next year at 3.3 per cent, higher than the earlier 3 per cent goal. Presenting the government's last full-year budget before the 2019 general elections and ahead of eight state elections this year, Mr Jaitley announced what he called the world's largest government-funded healthcare scheme to cover 10 crore poor families. The government also said support prices for Kharif crops will be fixed at least 50 per cent higher than the cost of production and raised the farm credit target for the next year.
  • Bypoll Bonus For Congress, Trinamool In Rajasthan, Bengal: 10 Points
    The Congress today raced ahead of the BJP and won the Lok Sabha constituencies of Ajmer and Alwar as well as the Mandalgarh Assembly seat in Rajasthan where by-elections were held on Monday. The latest wins could be indicative of a changing political gradient in the electoral landscape of the state that goes to polls later this year. In West Bengal, Mamata Banerjee's Trinamool Congress also won Uluberia parliamentary, which it held, and the Noapara assembly seat, which was with the Congress.
  • Income Tax Sops For Middle Class, Rural Focus Likely In Budget 2018: 10 Points
    Expectations are high that the government will announce some income tax sops for the middle class in Budget 2018, the last full-year Budget before general elections due next year. With eight state elections also due this year, the government is also expected to focus on the farm sector and small businesses. This will also be the first Budget after the rollout of GST, which came into force from July 1. Experts would be closely watching the fiscal deficit target for the next fiscal year. The Economic Survey, which was tabled on Monday, called for a pause in fiscal consolidation, leading to concerns that the government could widen its fiscal deficit targets for 2018-19.
  • Know All About Scorpene-Class Submarine Karanj And Its Features
    Indian Navy launches the state-of-the-art third Scorpene class submarine, Karanj, which is made-in-India hunter-killer submarine. It has superior stealth features and the ability to launch crippling attacks with precision. Scorpene-classs submarine Karanj was launched at the Mazagaon Dock Shipbuilders Ltd (MDL) on Wednesday morning by Reena Lanba, wife of the Indian Navy chief, Admiral Sunil Lanba. It is third indigenously-built diesel-electric attack submarine after INS Kalvari and INS Khandari. The previous INS Karanj had served the nation for 34 years from 1969 to 2003 and had also participated in the 1971 war.
  • Remove High Court Judge For Misconduct, Chief Justice Writes To President
    A judge of the Allahabad High Court, indicted by a committee of judges for misconduct in the medical admissions scam, should be removed, Chief Justice of India Dipak Misra has told President Ram Nath Kovind and Prime Minister Narendra Modi, sources said. As the first step, the judicial functions of Justice SN Shukla were withdrawn last week following an advice from Chief Justice Misra. The medical admission scam -- which involved illegal admission of students by some blacklisted medical colleges -- led to the arrest of retired judge IM Qudussi and a petition that alleged that bribes were taken in the name of senior judges. It was one of the issues that triggered the recent unprecedented rift within the judiciary.
  • 10 Interesting Facts About Union Budget Of India
    Finance Minister Arun Jaitley will present the Union Budget for financial year 2018-19 on February 1. The first phase of the budget session of the parliament began from January 29 and will continue till February 9. This year's budget session is crucial as it comes after the Modi government made two very big financial decisions in the last couple of years - Demonetisation and implementation of the Goods and Services Tax (GST).  It is also BJP government's fifth and last budget presentation before the Lok Sabha polls in 2019. Ahead of the budget presentation, the Economic Survey was tabled in both houses of the Parliament on Monday by Mr Jaitley. The Economic Survey said that India's economy is "picking up quite nicely", and will expand by 7-7.5 per cent in 2018-19 to again become the world's fastest growing major economy.
  • International Kolkata Book Fair 2018: Date, Venue And Highlights
    The 42nd edition of the International Kolkata Book Fair 2018 will be inaugurated today by Bengal Chief Minister Mamata Banerjee and France's Minister of Culture and Communication Francoise Nyssen. The fair, touted to be world's largest attended book fair, will be open for public from January 31 and will continue till February 11. The venue for the International Kolkata Book Fair 2018 will be Central Park Mela Complex at Salt Lake in Karunamayee and the timings will be 12 PM to 8 PM. Apart from the book fair, the fifth edition of Kolkata Literature Festival 2018 which is an integral part of the International Kolkata Book Fair, will be held at the same venue for three days - from 8 to 10 February, 12 noon onwards. Organised by Publishers and Booksellers Guild, the book fair will see publishers and participants from across the world.
  • Mahatma Gandhi Death Anniversary: 10 Stirring Quotes From "Father Of Nation"
    Mahatma Gandhi, the man who led India to freedom from the oppressive British colonial rule, was assassinated on January 30, 1948 at the age of 78. Nathuram Godse, a Hindu fanatic, was found guilty of murdering him and was executed the following year. Mahatma Gandhi led a non-violent mass freedom movement in India called Satyagraha or 'devotion to truth', which has been exemplary for the whole world. His words continue to inspire young and old. On Mahatma Gandhi's 70th death anniversary, also observed as Martyrs' Day or Shaheed Diwas, here are some of his quotes that continue to inspire.
  • The President's Address: Farmers, Jobs, Women On Government's Agenda
    Addressing the joint session of parliament on the first day of budget session, President Ramnath Kovind gave an overview of what to expect in Finance Minister Arun Jaitley's fifth budget, the last full-fledged one, before the country votes for the general elections in 2019. The government's list of priorities before heading to parliamentary elections has farmers, jobs, women along with bijli-sadak-pani and schemes for the minorities, the disabled and the elderly. Highlighting the government's flagship Aadhaar scheme, President Kovind said, the unique identity number has helped in securing the rights of the poor by eliminating middlemen and till now more than Rs 57,000 crore have been prevented from going into the wrong hands.
  • Sensex Jumps To 36,400 After Economic Survey, Nifty Hits 11,164: Ten Points
    The stock markets surged to record highs today with the Nifty crossing the 11,150 mark and the Sensex rising over 300 points. The Finance Minister today Arun Jaitley tabled the Economic Survey 2017-18 in Parliament. The Economic Survey is a report card of the country's financial health. Sentiment was buoyed by higher global markets, and optimism about domestic economic growth and corporate earnings. At day's high, the Sensex rose to 36,410 while the Nifty hit 11,163.75. The rupee was higher at 63.51 as compared to its previous close of 63.55.

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