05 July 2019
By Aspire IAS
This is an overview of the most important topics covered by The Hindu and The Indian Express in today's newspaper along with the links for the relevant topics.
Fiscal deficit target for the financial year 2019-2020 has been revised and set to 3.3%. The interim budget, released in February 2019 estimated the fiscal deficit for the year to be 3.4%. The budget announces that the government will borrow from abroad in external currencies.
An investment is a creation or purchase of a monetary asset that has the potential to provide income in the future or can later be sold at a higher price for a profit. Thus, it can be any mechanism that can generate income in the future. It can include purchase of goods, construction of infrastructure or the purchase of bonds, stocks or real estate property.
Infrastructure development, especially connectivity infrastructure is one of the major focus areas of the new government with steps being made to boost infrastructure development so as to bring economic growth.
The budget proposes the constitution of a Jal Shakti Mantralaya by integrating the existing Ministry of Water Resources, River Development and Ganga Rejuvenation and Ministry of Drinking Water and Sanitation. The new ministry will look at the management of our water resources and water supply in an integrated and holistic manner.