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183 crore Union Government allocation for revenue deficit subsidy to Tamil Nadu

  • The Expenditure Department of the Union Ministry of Finance has announced a revenue shortfall of Rs 9,871 crore for 17 states, including Tamil Nadu, for the year 2021-22. Of this, Rs 183.67 crore has been given to Tamil Nadu alone.
  • It also mentioned that a total of Rs 69,097 crore has been disbursed to the revenue deficit subsidy so far this fiscal. These grants are provided in monthly installments as recommended by the Finance Commission to bridge the gap in the revenue accounts of the states.
  • The 15th Finance Commission had earlier recommended 17 states to provide post-partition revenue shortfall subsidies. This includes Tamil Nadu, Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala and Manipur. It has been mentioned that a total of Rs. 1,285.67 crore has been disbursed to Tamil Nadu so far along with the present amount of Rs. 183.67 crore.
India approves Rs 1,500 crore loan guarantee to Kyrgyzstan
  • India has agreed to provide a loan guarantee of Rs 1,500 crore for Bishkek-Kyrgyzstan development projects. Foreign Minister Jaishankar is on a four-day state visit to Kyrgyzstan, Kazakhstan and Armenia in Central Asia.
  • Jaishankar met with Kyrgyz President Sadir Jafarov and presented Indian epic texts to the Manas-Mahatma Gandhi Library in Bishkek.
Introducing the U-17 Women's World Cup logo Iba
  • FIFA has unveiled the logo for next year's U-17 Women's World Cup in India. Launched on the occasion of International Girl Child Day, the logo is in the shape of an Asian female lioness.
  • FIFA has named the logo 'Iba', according to its official Twitter page, to symbolize motivation, love for others and motivate women and girls to work together as a team. The series will be released in India on October 2022. It will be held from the 11th to the 30th.
Prime Minister Narendra Modi inaugurated the Indian Space Association (ISPA) with a video presentation
  • Prime Minister Narendra Modi inaugurated the Indian Space Association (ISPA) with a video presentation. Prime Minister Modi addressed the event. Then he said: There has never been a government as stable as it is today in India.
  • An example of this is the major reforms made in the field of space and space technology. The technology is used to file claims for the space crop insurance scheme, and the 'Navy' system helps fishermen. Disaster management is also planned through this technology.

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