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Indian skipper  Virat Kohli , who led his side to victory against England in all three formats of the game recently, has featured in the latest cover star of the bible of cricket -  Wisden Cricketers' Almanack. Kohli becomes only the third Asian origin player after Tendulkar and England all-rounder Moeen Ali to be featured on the cover of the magazine . So, let's discuss some questions related to this post: Q1.  Name the Indian Cricketer, who has been featured in the latest cover star of the bible of cricket- Wisden Cricketer's Almanack? Ans1. Virat Kohli

The 2017 Union Budget,  presented by  Finance Minister Arun Jaitley  on 01st February 2017, was broadly focused on 10 issues farming sector, rural population, youth, poor and health care for the underprivileged, infrastructure, financial sector for stronger institutions, speedy accountability, public services, prudent fiscal management and tax administration for the honest. Following are the highlights of his speech on various issues: Demonetisation 1.   Demonetisation is expected to have a transient impact on the economy. 2. It will have a great impact on the economy and lives of people . 3. Demonetisation is a bold and decisive measure that will lead to higher GDP growth. 4.   The effects of demonetisation will not spillover to the next fiscal. Agriculture sector 1. Sowing farmers should feel secure against natural calamities. 2. A sum of Rs. 10 lakh crore is allocated as credit to farmers, with 60 days interest waiver. 3. NABARD fund will be increased to Rs. 40,000 crore. 

Indian Veterinary Research  Institute ( Izzatnagar – UP ) National  Aerospace  Laboratory ( Bengaluru ) National Biological Laboratory ( Palampur – HP ) National Chemical Laboratory ( Pune – Maharashtra ) National Dairy Research Institute  (Karnal ) National Environment Engineering Research Institute ( Nagpur – Maharashtra ) National Geophysical Research Institute ( Hyderabad – Andhra Pradesh ) National Institute of Oceanography ( Panaji – Goa ) National Metallurgical Laboratory ( Jamshedpur – Jharkhand ) National Physical Laboratory ( New Delhi ) National Botanical Research Institute ( Lucknow ) Industrial Toxicological Research Centre ( Lucknow – UP ) Indian Association for Cultivation of sciences ( Kolkata )\ King Institute of Preventive Medicine ( Chennai ) All India Institute of Hygiene and Public Health ( Kolkata ) All India Institute of Medical Sciences ( New Delhi ) All India Malaria Institute ( New Delhi ) Haffkine Institute ( Mumbai ) Institute of Ayurvedic

Name of the Organization (Location) Central Building Research Institute ( Roorkee – Uttarakhand ) Central Drug Research Institute ( Lucknow – UP ) Central Electrochemical Research Institute ( Karaikudi – Tamil Nadu ) Central Electronic Engineering Research Institute ( Pilani – Rajasthan ) Central Food Technological Research Institute ( Mysore – Karnataka ) Central Fuel Research Institute ( Jealgora(Dhanbad) – Jharkhand) Central Glass and Ceramic Research Institute ( Jadavpur – West Bengal ) Central Indian Medicinal Plants Organization ( Lucknow – UP ) Central Inland Fisheries Research Station ( Barrackpore – West Bengal ) Central Institute of Fisheries Technology ( Willingdon Island, Kochi – Kerala ) Central Jute Technological Research Institute ( Kolkata – West Bengal ) Central Leather Research Institute ( Chennai ) Central Marine Fisheries Institute (   Kochi – South India ) Central Mining Research Station ( Dhanbad ) Central Mechanical Engineering Research Institute (

As you all know that Budget was presented today by our Finance Minister, Arun Jaitley. It is very important for competitive examination and we have filtered all the  Important Abbreviations  from the document. So here we present the most important ones for you all. 1. IMF-  International Monetary Fund  2. FDI-  Foreign Direct Investment  3. CPI-  Consumer Price Index  4. GDP-  Gross Domestic Product  5. FCNR-  Foreign Currency (Non-Resident) Account 6. GST-  Goods and Service Tax 7. TEC India-  Transform, Energise and Clean India 8. PACS-  Primary Agriculture Credit Societies   9. KVKs-  Krishi Vigyan Kendras 10. NAM-  National Agricultural Market  11. APMC-  Agricultural Produce Marketing Committee  12. MGNREGA-  Mahatma Gandhi National Rural Employment Gurantee Act 13. PMGSY-  Pradhan Mantri Gram Sadak Yojana  14. PMEGP-  Prime Minister's Employment Generation Programme 15. NRDWP-  National Rural Drinking Water Programme 16. PMKK-  Pradhan Mantri Kaushal Kendras 

PUBLIC FINANCE A. Tax revenue  – It consists of the proceeds of taxes & other duties levied by the government. The various taxes that are imposed by a government can be categorised into two groups. 1.  Direct Taxes 2.  Indirect Taxes 1. Direct taxes  – Direct Taxes are those taxes which are paid by the same person on whom they have been imposed. Tax burden cannot be shifted on to others. Example - Income Tax, wealth tax. 2. Indirect taxes  – Those taxes whose burden (partial or whole) can be shifted. Example - Excise duty. Note - the Basis of classifying taxes into direct tax & Indirect tax is whether the burden of the tax is shiftable to others or not. B. Non-Tax revenue  – It includes receipts from sources other than taxes. The main sources of non-tax revenues are -Interest, Profits & dividends, Fees & fines, Special assessment, Gifts & grants, Escheats Capital receipts-  Capital receipts are defined as any receipt of the government which either create

PUBLIC FINANCE Meaning of Budget  – Government budget is an annual statement, showing the item-wise estimation of receipts & expenditure during a fiscal year. Elements of Budget  1.  It is a statement that shows estimated receipts & estimated expenditure during a fiscal year. 2.  It shows estimates of government receipts & expenditure during a fixed period generally in a year. 3.  Budget requires the approval by the parliament. Objectives of Government Budget  1.  Reallocation of resources 2 . Redistribution of income & wealth  3.  Economic stability 4.  Management of public Enterprises 5.  Promotion of economic development NOTE- In short, a budget is a powerful weapon in the hands of government through which it can affect the generation, distribution & spending of National Income. Structure of the Budget  – The components of budget can also be categorised according to receipts & expenditures. On this basis two broad components are as follows:- A