'The Hindu' Analysis for 6th July, 2019 (Current Affairs for UPSC/IAS)

[@BYJUSIAS]

Topics: 1. Union Budget 2. Nirmala’s maiden Budget is all about incremental measures: 3:00 3. Political messaging guides Budget’s welfare focus: 6:39 4. Government eases angel tax norms: 8:35 5. Fiscal deficit target revised downwards to 3.3%: 11:42 6. Slew of steps to boost digital payments: 13:51 7. ‘Zero Budget for farmers; no drought relief ’: 16:10 8. Tax break to rev up electric vehicle sales: 19:44 9. Bhutan gains, Chabahar loses in Budget pie: 21:16 10. Practice Questions: 24:58

[@harshkedia2708]

Sir please once check the prelim practice question number one as in laxmikant It is written than all money bill are finance bill but all finance bill are not money bill because finance bill include the matter specified in article 110 not exclusively.

[@zeeshanhaider8753]

Fantastic analysis

[@karthikc96]

Zero Budget Natural Farming (ZBNF) is a concept introduced by Padma Shri. Subhash Palekkar which describes a type of farming practice which believes in natural growth of plants without adding any fertilizers and pesticides or any other foreign elements. The term ‘Zero Budget’ refers to zero cost for the production of all crops. The input costs for seeds, natural fertilizers, natural pesticides, labour costs and other miscellaneous costs could be recovered from the yield of inter crops. The farmer can completely enjoy the profit from the main crops. Indian farmers are trapped in the vicious cycle of debt,high production costs and high interest rates of credit. They could enjoy the practice of natural farmings successfully to develop their livelihoods and thereby the economy and food security of the country. ZBNF not only address the economic aspect, it also promotes regenerative agriculture and improved soil diversity and productivity. Natural farming is different form organic farming. ZBNF Progressing mainly in four stages - Bijamritha : A seed treatment method by keeping the microorganisms intact in soil - Mulching : A process of circulating air in to soil by the conservation of water and moisture - Jiwamritha: A tonic triggering microorganisms to make nutrients in the soil available in the rootzone - Waaphasa: A microclimate in the soil through which roots and micro organisms live freely Food and agriculture organization of UN recommends for environment friendly farming methods that lead us to sustainable future. The need for chemical free and nutritious food is growing today. Implementation of ZBNF is also helpful to achieve the SDG goals of india. The technique is also adaptable to the rapid climate changes. Peasants from various parts of the country (Karnataka,Maharashtra,Andra Pradesh,Himachal pradesh) already practiced and enjoyed the good yield of natural farming. Introduction of ZBNF in FY 2019-20 budget is a welcoming step. Implementing more ZBNF workshops, farmer helping units, expanding across the country and proper utilization of tropical climate could flourish the agrarian sector of india. Indian agricultural researchers and scientists should focus on the natural farming possibilities and scope of technological assistance. Realization of a more resilient and sustainable environment and the future of a healthy population is possible through ZBNF.

[@praseedhadevatha5352]

Nice

[@Aspirant-r2t]

Nice

[@ashrafyatoo8149]

Good

[@surajyendrembam6896]

Economy of a country can be determine by its budget and a inclusively design budget laden with incremental measures can be a game changer in long run. Budget which falls under art. 112 is an annual financial statement which highlights the estimated details of receipts & expenditure of the Govt. for forthcoming year and to layout a series of reforms to augment the growth. some of the notable takeaways: 1) BANKING SECTORS; a). infusion of Rs.70000 crore to meet minimum capital requirement & boost credit borrowing. b). boosting the MSME sector. c). focus on improving ease of living, by heading towards an inclusive banking environment. d). reform to strengthen governance in PSBs & also assured to empower acc. holders to the situation in which they don't have control over deposit of cash by others in their acc. 2) AGRICULTURAL SECTORS; a). introduction of zero budget farming. b). announcement of PM Matsya Sampada Yojana which focuses on to plug gaps in fisheries value chain and to promote traditional industries like Bamboo, honey & textiles. c). budget for subsidies on chemical fertilisers increased by Rs. 9900 crore. d). Pledge to create 10000 new farmer producing org. to improve bargaining power of farmers. But expert opine that there is hardly any discussion on the current global slowdown, budget focus on a long term creation of a new India, lack of focus on improving farm gate prices in agricultural sector. lastly, the macroeconomics framework constraining the budget need to be revisited to allow policy to counter growth slowdown & Booms. reducing the level of debt and interest payment should be a desirable objective, which will allow more govt. funds for productive expenditure.

[@thetardigrade7032]

I appreciate ur efforts ☺

[@abhishekshukla6186]

There should be reference to the incremental nature of reforms indicated in the budget.No big ticket reforms either in Banking or Agriculture Sector

[@meghnaS01]

Thanksssssss great explanation

[@तमन्ना-ड4म]

Thank you very much Sir... Best explanation....,👌👌👌👌👏👏👏

[@biswajitnoatia2670]

Nice explaination sir ji👌🏻

[@bikrantkumar13]

In byju's ias tablet classes sir told us that all finance bills are not money bill , but all money bills are finance bill

[@rajasekharreddy4626]

There is a difference b/w finance bill and financial bills.. Finance bill is a part of Money bill, which gives power to govt to levy taxes and collect revenue.. Whereas Financial bills are a broader one in which money bill is a part..

[@kumarsaurabh37]

Sir ,bikran is saying correct so please clarify it

[@urgaindorjayskid6222]

Zero Budget Natural Farming (ZBNF) is a method of farming wherein, the cultivation of the crops is done naturally, i.e, there is no use of chemical fertilizers or pesticides instead natural manure like compost, animal's excreta is used. In ZBNF the input cost of the capital required for the farming is almost zero and the yield is maximum. Therefore in order to maximize the productivity of the fields with little damage to the fertility of the soil, ZBNF is preferred. It was first introduced by a famous agriculturist Mr. Subhash Palekar in the state of Karnataka with huge success. It is even recognized by the UN Food and Agricultural Orgainsation. In ZBNF nothing has to be purchased from the markets, while in the farming other than ZBNF, the farmers need to borrow money either from the banks or local moneylenders to buy necessary inputs like fertilizers, pesticides etc. So in case, there is a crop failures due to any unforeseen eventualities, the farmers are push into indebtedness, thus trapped into a vicious cycle from which they are not able to come out. These are the main reason of agrarian distress in the country and ultimately our farmers choose to end his/her life. Concerns:- 1. Unavailability of formal credit facilities. 2. Local moneylenders take the advantage and charge hefty interests. Way forward :- Since there is no input cost involved which is the root cause of the agrarian distress, the adoption of the practice of ZBNF can to some extent help address the agrarian distress.

[@sreelakshmianilkumar324]

Thanks Sir and Entire byjus team💕

[@AKG-e6j]

Very well explained sir❤️ please keep continue doing it.

[@preetitiwari9194]

Very valuable ....thanks sir

[@sunitakanwar1084]

Very very very good explaination sir..thank u😊

[@urgaindorjayskid6222]

Under Article 112 of the constitution, the annual statement of the estimated receipts and expenditure of the govt. is caused to laid by the President through the Finance Minister before the Parliament in respect of every financial year. This annual financial document is referred to as the Union Budget. The Union Budget 2019 is being described as an incremental budget as no bold measures were announced. The budget appeared to be a continuum of the last with an emphasis on social welfare. Some of the measures in various sectors include:- 1. Agriculture:- >> The announcement for the farm sector were more on structural issues related to farmers. >> The Finance Minister pledged to invest widely in agrcultural infrastructure and said the govt. will go back to the basics on one count: Zero Budget Natural Farming ( ZBNF). >> It further pledged to create 10,000 new farmer producer organisations to ensure improved bargaining power for farmers while purchasing inputs and during selling their harvest. >> It emphasied that the centre and states will ensure that farmers benefit from the e- NAM. >> However there is no focus in the budget on the agricultural exports. >> The SFURTI will set up 100 custers in FY20 with focus on bamboo, honey and khadi to mainstream 50,000 artisans. 2. Banking:- >> 70000 crore capital infusion in public sector banks to be used as growth capital >> measures to ease liquidity and regulatory problems affecting NBFCs, a key pain point in the economy at the moment. >>Housing Finance Company under the purview of National Housing Bank will henceforth be regulated by the RBI. >> Another proposed amendment to the RBI Act will allow it to frame schemes for amalgamating, splitting and reconstructing an NBFC if it feels after looking into the NBFC's book of accounts. >> If the RBI is satisfied that in the public interest or to prevent the affairs of an NBFC being conducted in a manner detrimental to the interests of depositors or creditors, it can supersede the board for up to five years. Jai Hind In

[@sketchyloop951]

Sir please bring economic survey in economy this week

[@madhureddyindian9715]

Is BYJU's only for rich people. If answer is yes then also it is great work. keep going BYJUS, improve Indians knowledge.

[@shivanisingh4919]

Thankuu Sir...so much helpful

[@charuta_joshi]

Sir please upload the lecture on full union budget and economic survey

[@rahulsharmaudh]

Jai hind sir

[@harshalpatel8866]

Awesome session

[@user_rajD]

thank you byjus

[@anushaanu7403]

Thank you sir

[@akarshakarya721]

thnx sir

[@demlinnalo2030]

👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍👍

[@jafeerkhan3417]

Thank you so much sir.

[@muktisharma5531]

Sir kindly elaborate the economic survey and budget in upcoming 'Economy this week '. Thank you, Sir

[@pandit-jee-bihar]

They are not called share for a unlisted startup but esops.

[@ashishmvarghese8380]

Thankyou sir

[@rohitpatidar1025]

Books says that all money bills are financial bill but all financial bills are not money bills

[@mdzaid4982]

Thanks a lot sir

[@mdarifhusain9997]

Sir... In polity preliminary question... I think.. option 2 is correct and 1 is wrong

[@అదీలెక్క]

Jai BYJU'S ✊✊✊

[@TheFocusNews]

Anything which u ask of life cannot be given by anyone but yourself

[@ManojManoj-jl4hh]

ty byjus

[@rajuamarendra7357]

2. Organic farming 😍 India will be happier in farming😘

[@mr.Mahadev1484]

Thanks sir

[@whatkolkatathinkstoday8435]

Grt

[@Ankit..550]

Sir make a separate lecture for budget

[@timetraveller1167]

Bhai daily diya kro ye

[@anas5031]

Could you please tell there is any seprate video on union budget 2019 will come in future for better understanding the budget

[@renuchainani8962]

Sir please use English captions on KZbin

[@shivam_0002]

BYJU's Team and other aspirants Please Help !! I'm confused in How to cover Current Affairs Daily, like should i make notes from these video lectures, should i read PDF Notes of these lectures, or should i only listen to Current Affairs Videos, because, there are many terms which are new that being introduced and i struggle to understand and unable to cover within less time.

[@monikadixit6236]

According to M. Laxmikanth, all money bill are finance bill but all finance bill are not money bill. Please correct this sir.

[@ashitasavlinkuldeep4019]

Thank you sir for explaining so well

[@sikhya_14]

Sir, What's the role of Rajya Sabha and President for the passing of the appropriation bill which provides parliament's consent to spend from Consolidation fund of India?

[@AnamikaSingh-ht2mu]

Name of the person who is explaining ?? Anyone who knows

[@sikhya_14]

Consider "President’s (Emoluments and) Pension Act" for prelim first practice question. I think option 1 is wrong.

[@mdyunuskhilji7020]

Thank Q

[@BipulKumarDas]

👍👍👍👍👍

[@syedzahid7933]

Anyone writting the question please help me how to start writting please

[@mohsinnawab8152]

Sir.. There is a question which you was discussed is.. Like a finance bill is a money bill.. All money bills are finance bill. Both are true. But you said that 2 is false. Please help me to find the correct answer.

[@abhishekkudale]

Try to see addhar bill.....in past it was passed as money bill but it wasn't financed bill......

[@tushargaikwad2017]

Can we file petition against Ministry of finances for it never focus on some ( any) areas in #BUDGET ?

[@harsunra]

Really? All finance bills are money bills? @25.25

[@sunilbarla8859]

Pm KISAAN IS not extended to ALL farmers

[@bepositive7691]

Sir,why a budget in July???Earlier it was passed in Feb.

[@Karthikeyan-TNPSC-Maths]

Election time there will be interim budget . So that if any govt change happens new govt can bring new policies and idea in budget. So in Feb there was interim budget. Again BJP won the election and they submitted new budget for one whole financial year

[@noonestark587]

When there are elections in India the country presents a vote by account in Feb (an estimate of expenditure before the new government is formed). After the election, when the new government is formed then this government presents the budget in Parliament. It isn't done in February due to uncertainty about election results. What if the one who presents it in February doesn't come to rule after election? That's why

[@dps8681]

Be Positive The one in feb was an interim budget

[@tubahani3025]

That was interim budget(the one released in feb)...

[@manjunathpanji]

The budget presented in February was of interim, which means money allocated in such budget would handle expenditure and revenue for upto 3months or 6 months. Budget announced earlier this year was in operation till the lokasabha elections held in April, and then new government came, announced budget which will cover matters up to march 2020.

[@kameshwarpaswan8622]

Sir Hindi me start kariye Please sir. Hum aapke bahut aabhari rahenge.

[@motivationlibrary5738]

anyone interested to be my study partner for cse2020.i just started my preparations and planning to take medical science as optional

[@lokesha585]

I too have started my prep.fr cse2020 with medical sciences only i would like to join with you

[@biswajitnoatia2670]

Nice explaination sir ji👌🏻

[@sachchidanandyadav1235]

Thank you sir🙂