Daily current affair 12 October 2015

Habitat III

  • Habitat III is United Nation UN conference on housing and sustainable Urban Development 
  • which will be held in Quito Ecuador in October 2016
India is preparing National report for Habitat 3 
the broad focus on national report is in :-
  • inclusiveness 
  • efficiency 
  • sustainability and 
  • empowering the local government 
India still doesn’t have a comprehensive national Urban Habitat policy.
Urban development has been a state subject and thus state government has to play a major role in urban development 
national government has launched several schemes such as:-
  • urban Mission on smart cities 
  • Amrut 
  • HRIDAY, 
  • Swach Bharat and
  • Pradhan Mantri Awas Yojana
The focus of policy should be on:-
  • eliminating poverty 
  • skill development 
other focus should be on :-
  • universalization basic services including affordable housing and insurance 
  • a sustainable Habitat through energy efficient building and transport
Indian local bodies should be empowered financially for self funding within the sprits of 74th constitutional amendment

India voiced its concern for reforms in World Bank and IMF

The reforms in bretton wood institutes should reflect the share of developing countries in the Global economy. significant increase in capital of multilateral lending agency to meet the financial need of developing countries Breton wood Institute should play mazor role by financing and implementing the plans to achieve the sustainable development goals


Different types of deficits

Revenue deficit is excess of total revenue expenditure of the government over its total revenue receipts. It is related to only revenue expenditure and revenue receipts of the government. Alternatively, the shortfall of total revenue receipts compared to total revenue expenditure is defined as revenue deficit.

Revenue deficit signifies that government’s own earning is insufficient to meet normal functioning of government departments and provision of services. Revenue deficit results in borrowing. Simply put, when government spends more than what it collects by way of revenue, it incurs revenue deficit. Mind, revenue deficit includes only such transactions which affect current income and expenditure of the government. Put in symbols:

Revenue deficit = Total Revenue expenditure – Total Revenue receipts

Fiscal deficit is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year. In simple words, it is amount of borrowing the government has to resort to meet its expenses. A large deficit means a large amount of borrowing. Fiscal deficit is a measure of how much the government needs to borrow from the market to meet its expenditure when its resources are inadequate.

In the form of an equation:

Fiscal deficit = Total expenditure – Total receipts excluding borrowings = Borrowing

Primary deficit is defined as fiscal deficit of current year minus interest payments on previous borrowings. In other words whereas fiscal deficit indicates borrowing requirement inclusive of interest payment, primary deficit indicates borrowing requirement exclusive of interest payment (i.e., amount of loan).


The Orissa Government urban housing mission
Pradhan Mantri Awas Yojana focus on providing houses to all urban poor.

Jasmine Revolution 

It was a popular uprising in Tunisia in 2011 which led to protest across the Arab world, which was termed as Arab Spring.
civil society Institutions played a major role in political negotiation, formation of mutually agreed constitution and a transition to a robust democracy in Tunisia.
2015 Nobel Peace prize is awarded to National dialogue quartet which played a major role in Tunisia

Spending limits in election

Representation of People Act 1955 does not prescribed the limit for electoral spending but it is left for Election Commission of India which from time to time define the electoral spending limits. there has been a debate in the nation for government financing of elections the supporters are of the view that it will minimize the corrupt activities during elections.

Khadga Prasad Sharma newly elected Prime Minister of Nepal and belongs to unified Marxist leninist party. Madhesi groups have opposed his election as he’s supposed to be against the Madhesi welfare policies.

Key reasons for this year decline in food inflation

  • Proactive food Management by the government by clamping down on holding and allowing imports of pulses
  • Restricted hike in minimum support prices MSP
  • Restrictive fiscal policy and also help in keeping demand under check
KPSC Notes brings Prelims and Mains programs for KPSC Prelims and KPSC Mains Exam preparation. Various Programs initiated by KPSC Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Hope we have satisfied your need for KPSC Prelims and Mains Preparation

Kindly review us to serve even better

KPSC Mains Test Series 2022

20 Quality mock tests and GS Mains Notes

Mains Test Series and Notes

Mains Printed Notes (With COD)

KPSC Prelims Test Series 2022

24 Quality mock tests and GS Prelims Notes

Prelims Test Series and Notes

Prelims Printed Notes (With COD)

[jetpack_subscription_form title=”Subscribe to KPSC Notes” subscribe_text=”Never Miss any KPSC important update!” subscribe_button=”Sign Me Up” show_subscribers_total=”1″]

error: Content is protected !!