13th May 2023 Current Affairs: Key Highlights
With the world constantly evolving, staying updated with the latest happenings is crucial. Join us as we delve into the comprehensive round-up of the 13th May 2023 Current Affairs.
Economic Highlights
India’s retail inflation has hit an 18-month low at 4.7% in April 2023, which is a relief considering the eight-year high of 7.8% in April 2022. This moderation is significant as it marks the second consecutive month with the inflation rate staying below the Reserve Bank of India’s 6% tolerance threshold.
However, concerns persist, with high inflation rates in pulses, personal care products, cereals, and milk. Despite these challenges, the Central Bank is expected to maintain current interest rates due to the moderation in headline inflation.
Chennai’s Infrastructure Development
The city of Chennai witnessed significant strides in infrastructure, with Chief Minister M.K. Stalin inaugurating 14 projects implemented by the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB), costing ₹561.26 crore. The foundation stone for nine new projects, worth ₹201 crore, was also unveiled.
A noteworthy achievement was the launch of a QR code-based monitoring and feedback system across all urban local bodies in the state, aiming to improve public services and address grievances more effectively.
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Welfare Spending in India
The Union Budget revealed a decline in welfare spending in real terms, with allocations for welfare schemes reducing as a proportion of GDP since 2014. However, the government has been successful in delivering tangible goods, a policy paradigm referred to as the New Welfarism of the Right. Despite the challenges, welfare schemes like the mid-day meal scheme and the Public Distribution System were crucial during the COVID-19 pandemic.
Healthcare Legislation: Rajasthan Right to Health Act
The “Rajasthan Right to Health (RTH) Bill” became an Act in April 2023. Despite facing criticism from certain sections of the medical community, it is seen as having far-reaching implications for public health.
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Modernising Prison Administration: Model Prisons Act 2023
The Ministry of Home Affairs introduced the ‘Model Prisons Act 2023,’ a much-needed replacement for the outdated British-era law. The new Act focuses on the reformation and rehabilitation of inmates and the modernisation of prison administration.
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FOR DETAILED CURRENT AFFAIRS, DOWNLOAD THIS PDF (contains important key points from The Hindu Newspaper)
