Interim Budget 2019: Allocation for sports increased by over Rs 200 croreInterim Budget 2019: The overall sports budget was increased from Rs 2002.72 (2018-2019) crore to Rs 2216.92 crore in the new budget announced by Finance Minister Piyush Goyal.advertisement Press Trust of India New DelhiFebruary 1, 2019UPDATED: February 1, 2019 16:47 IST The Khelo India National Programme for Development of Sports too got a hike of Rs 50.31 crore in the interim budget. (Khelo India Photo)HIGHLIGHTSThe allocation to SAI has been increased by Rs 55 crore in the interim budget 2019Allocation for National Sports Development Fund has increased from Rs 2 crore to Rs 70 croreFinance Minister Piyush Goyal announced the interim budget in the parliament todayThe government on Friday increased the sports budget by Rs 214.20 crore for the financial year 2019-2020, including a hike in funds for the Sports Authority of India (SAI) and incentives for sportspersons.In the interim budget presented by Finance Minister Piyush Goyal, the overall sports budget for 2019-2020 was increased from Rs 2002.72 (2018-2019) crore to Rs 2216.92 crore.The significant gainers in the interim sports budget are SAI, the National Sports Development Fund (NSDF) and the corpus meant for giving incentives to sportspersons.The allocation to SAI has been increased by Rs 55 crore. From Rs 395 crore, the allocation has been increased to Rs 450 crore in the fresh proposals. The SAI is the nodal organisation to manage nationals camps, provide equipment and other logistics to the country’s sportspersons.Interim Budget 2019 LIVE updatesBesides, the allocation for NSDF has increased from Rs 2 crore to Rs 70 crore.The Finance Minister also proposed an increase in the incentive fund for the sportspersons, from Rs 63 crore to Rs 89 crore.However, the assistance to National Sports Federations (NSFs) has been slashed slightly from Rs 245.13 crore to Rs 245 crore.The overall encouragement and awards to sportspersons have been increased by Rs 94.07 crore. The previous allocation stood at Rs 316.93 crore and will now be Rs 411 crore.The Khelo India National Programme for Development of Sports too got a hike of Rs 50.31 crore and from the previous allocation of Rs 550.69 crore, it is now Rs 601 crore.Also Read | Income Tax Calculator: Here is what you got to payAlso Read | Rahul Gandhi slumped, PM Modi thumpedadvertisementGet real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Tags :Follow interim budget 2019Follow Sports Authority of IndiaFollow National Sports Development FundFollow Khelo India Next
Rabat – Minister of Solidarity, Family and Social Development, Basima Hakkaoui has called for the continued care of children living in public assistance institutions after they reach age of 18.During a talk entitled “Keeping up with children of public assistance institutions after the age of 18,” held on Friday at the headquarters of the ministry, Hakkaoui called on public assistance institutions to continue to provide services for youth after they reach 18, the age when institutional aid normally ceases.Hakkaoui said that all the civic activists, association and the international organization must engage in the formulation of proposals and laws regarding the issue of youth over 18.She noted that initiatives already taken by associations to care for youth over 18 were only “impromptu and not regulated,” and could not be generalized nationally, since they were “not based on a standard basis that would enable other associations to work based on it.” The minister went on further to call on the House of Advisors to ratify the bill N. 65.15 of the public assistance associations to deal with deficiencies of the system is related to the adoption of the abandoned children.Hakkaoui noted that since 2013, the ministry has been working towards further protection of such children.
Citation: Panel calls for various researchers to band together to create an economic policy dashboard (2016, February 19) retrieved 18 August 2019 from https://phys.org/news/2016-02-panel-band-economic-policy-dashboard.html Credit: George Hodan/public domain Overconfidence, loss aversion are key predictors for investment mistakes This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further As the group notes, to date no tool, model or human being is capable of predicting the type of collapse that occurred in 2008, which contributed heavily to what became known as the Great Recession, and that problem has many people in the financial community on edge, including Andrew Haldane, one of the authors of the paper and chief economist for the Bank of England. He and his colleagues point out that current models are built to approximate the actions of a single rational player, which clearly does not account for the many irrational acts of many in the financial business world—and that has to change.They authors also note that over the past few decades a lot of work has been put into creating models (many based on complexity theory) that have proved useful in other pursuits, such as weather forecasting—they write that they believe the time has come to look for contributions from experts in a variety of fields to come together to see if it might not be possible to create such a model for the global financial system.Key to such a program would be network analysis and behavioral modeling tools—both have proven able to offer useful forecasting given the right set of inputs. With finance, the group acknowledges, such inputs might be more difficult to gather due to the sometimes fuzzy nature of financial interactions between various players; but that does not mean it cannot be done, they propose that it should not be impossible to isolate various tipping points, and to create agent-based computer models which take as inputs actions by some of the most important agents in the field, i.e. individuals who exert strong influence in the financial world and use that information to provide an economic dashboard that would highlight looming problems. © 2016 Phys.org Journal information: Science (Phys.org)—A widely disparate group of scientists and other individuals engaged in modeling and economic research has banded together to call for building a new kind of business model intended to help forecast financial meltdowns, such as occurred in 2008. They have written a paper together and have had it published as a Perspectives piece in the journal Science—in it they are asking others in other areas of study to join the effort to help forge a path to developing a product that might help foresee troubling economic indicators and in so doing perhaps provide a way to prevent serious problems in the future. More information: S. Battiston et al. Complexity theory and financial regulation, Science (2016). DOI: 10.1126/science.aad0299AbstractTraditional economic theory could not explain, much less predict, the near collapse of the financial system and its long-lasting effects on the global economy. Since the 2008 crisis, there has been increasing interest in using ideas from complexity theory to make sense of economic and financial markets. Concepts, such as tipping points, networks, contagion, feedback, and resilience have entered the financial and regulatory lexicon, but actual use of complexity models and results remains at an early stage. Recent insights and techniques offer potential for better monitoring and management of highly interconnected economic and financial systems and, thus, may help anticipate and manage future crises.Press release