18.03.23 Daily [Uttar Pradesh] UPPSC Current Affairs

The total debt burden on the Uttar Pradesh government is estimated to touch Rs 7.84 lakh crore by the end of next fiscal 2023-24 commencing from April 1. The exceeds the size of the annual budget of 2023-24, which is Rs 6, 90 lakh crore. The Reserve Bank Of India has flagged the state governments against the rising debt burden.

Although UPs debt burden has fallen to 32.1% of the gross state domestic product (GSDP) in 2023-24, compared to 34.2% in revised estimates for 2022-23, the sovereign debt in absolute terms is estimated to jump from Rs 7 lakh crore to Rs 7.84 lakh crore during the period.

According to the UP Annual Budget (2023-24), the nominal UP GSDP has been estimated at Rs 24.39 lakh crore in 2023-24.

Interestingly, the estimated public debt of Rs 7.84 lakh crore exceeds the UP Annual Budget of Rs 6.90 lakh crore by Rs 94,000 crore or nearly 14%. In 2022, the RBI had raised concerns over a built-up financial Stress in several states and suggested corrective steps in the five most indebted provinces.

Although UP does not figure among the top indebted states in India, the state witnessed its public debt ratio shoot past 30% of the GSDP during the pandemic years, owing to difficult economic conditions and muted tax collection, a phenomenon which was pan-Indian as well as global following Covid-19 exigencies.

While UP had successfully tamed the public debt ratio below 30% till 2020-21, it increased to 33.4% and 34.2% during the 2021-22 and 2022-23 (revised estimates) fiscal years, respectively, due to the pandemic.

Meanwhile, UP is estimated to receive about Rs 71,200 crore (2.9% of GSDP) in loans from the Centre during 2023-24, compared to Rs 51,860 crore (2.5% of GSDP) during 2022-23.

The Indigenous Frigate, INS Trikand arrives in Bahrain. For the first time, the Indian Warship will be participating in the International Maritime Exercise/Cutlass Exercise 2023.

This exercise is led by the US Combined Maritime Forces (CMF), a naval PARTNERSHIP or group including 34 nations.

INS Trikand is designed using stealth technologies. There will be participants from more than 50 countries in the maritime exercise.

The first edition of the Naval Commanders Conference was held today i.e. March 06, 2023. Indigenous Aircraft Carrier INS Vikrant dispatched.

Top naval officers initiate various Navy activities and are briefed upon the Agnipath Scheme.

The conference is a programme which aims to address important security issues in the military. Navy Chief Admiral H Hari Kumar and other naval commanders will conduct a probe into , Human Resource Department, etc.

Yuva Utsava-India@2047 launched by Anurag Singh Thakur, the Union Minister for Youth Affairs, Sports, Information, and Broadcasting, from IIT Ropar in Punjab. On this occasion, Shri Anurag Thakur also unveiled the Yuva Utsava Dashboard.

In addition to Pratapgarh in Uttar Pradesh, Haridwar in Uttarakhand, Dhar and Hosangabad in Madhya Pradesh, Hanumangarh in Rajasthan, Saraiekela in Jharkhand, Kapurthala in Punjab, Jalgaon in Maharashtra, Vijayawara in Andhra Pradesh, Karimnagar in , Palakhad in Kerala, and Cuddalore, all simultaneously hosted Yuva (Tamil Nadu).

To recognise the influence of youth, Yuva Utsava will be held in 150 Districts nationwide by March 31st, 2023

According to railways and telecom minister Ashwini Vaishnaw, the first bullet train in India will begin service in August 2026. The project will stimulate the economy because several of the suppliers to the project have begun receiving export orders. The government intends to start operating the first bullet train in August 2026. The goal is to run the bullet train on a larger section in 2027.

The Indian railways is building the countrys first bullet train from Ahmedabad, Gujarat to Mumbai, Maharashtra over 508-kilometer route. The high-speed train will run at top speed of 350 kms per hour, covering the distance in three hours. The ministry of railways updated the progress of the Bullet Train project and informed that the whole project has progressed by 26.33%. It also stated that 32.93% of the projects overall Gujarat leg had been completed and that the states surrounding civil works had advanced by about 54.74%.

As per the India and US collaboration, NISAR Satellite has been built jointly by NASA and ISRO and is set to take off by 2024.

The satellite has been rendered to ISRO Space Agency which is intended to observe and measure land and ice masses on Earth among various other activities.

NASA asserted that this radar imaging satellite will use dual frequencies to assess complex issues such as melting Glaciers, ecosystem disruptions, etc.

Nigerian electoral officials announced on 1 March 2023 that the ruling partys candidate in the presidential election, Bola Tinubu, has been elected as the countrys new president. Bola Tinubu has been associated with the All Progressive Congress Party from which he has been winning . He will become Nigerias fifth president since the country returned to democratic rule in 1999, emerging as winner for the countrys top job on his first attempt.

Main opponents Atiku Abubakar and Peter Obi are likely to challenge the decision again in court. Because Abubakar had finished second in the 2019 election as well and challenged the result in court. However, his suit was dismissed.

The Indigenous Frigate, INS Trikand arrives in Bahrain. For the first time, the Indian Warship will be participating in the International Maritime Exercise/Cutlass Exercise 2023.

This exercise is led by the US Combined Maritime Forces (CMF), a naval PARTNERSHIP or group including 34 nations.

INS Trikand is designed using stealth technologies. There will be participants from more than 50 countries in the maritime exercise.

The first edition of the Naval Commanders Conference was held today i.e. March 06, 2023. Indigenous Aircraft Carrier INS Vikrant dispatched.

Top naval officers initiate various Navy activities and are briefed upon the Agnipath Scheme.

The conference is a programme which aims to address important security issues in the military. Navy Chief Admiral H Hari Kumar and other naval commanders will conduct a probe into , Human Resource Department, etc.

Yuva Utsava-India@2047 launched by Anurag Singh Thakur, the Union Minister for Youth Affairs, Sports, Information, and Broadcasting, from IIT Ropar in Punjab. On this occasion, Shri Anurag Thakur also unveiled the Yuva Utsava Dashboard.

In addition to Pratapgarh in Uttar Pradesh, Haridwar in Uttarakhand, Dhar and Hosangabad in Madhya Pradesh, Hanumangarh in Rajasthan, Saraiekela in Jharkhand, Kapurthala in Punjab, Jalgaon in Maharashtra, Vijayawara in Andhra Pradesh, Karimnagar in , Palakhad in Kerala, and Cuddalore, all simultaneously hosted Yuva (Tamil Nadu).

To recognise the influence of youth, Yuva Utsava will be held in 150 Districts nationwide by March 31st, 2023

According to railways and telecom minister Ashwini Vaishnaw, the first bullet train in India will begin service in August 2026. The project will stimulate the economy because several of the suppliers to the project have begun receiving export orders. The government intends to start operating the first bullet train in August 2026. The goal is to run the bullet train on a larger section in 2027.

The Indian railways is building the countrys first bullet train from Ahmedabad, Gujarat to Mumbai, Maharashtra over 508-kilometer route. The high-speed train will run at top speed of 350 kms per hour, covering the distance in three hours. The ministry of railways updated the progress of the Bullet Train project and informed that the whole project has progressed by 26.33%. It also stated that 32.93% of the projects overall Gujarat leg had been completed and that the states surrounding civil works had advanced by about 54.74%.