PMGKY - GS questions based on daily current affairs

ANSWER: Both 1 and 2

Explanation:
The scheme namely PM Garib Kalyan Yojana was launched as a poverty alleviation program in India in 2015.

In this scheme there will be a workshop that is being organised for the common people.

The scheme will concentrate on the single agenda that is improvement of the weaker section of the economy. Also the schemes that are still not implemented will be discussed for further improvement as well.

The PMGKY will be such a scheme that will include Member of Parliament in the workshop so that they can closely witness the problems regarding the implementation of the schemes each department has launched.

Also through this scheme the MPs and other ministers can contribute some portion to enhance the standard of living of the poor and weaker community.

The workshops will be paid workshop. People who want to join the workshop need to pay a small fee and then they can continue with the sessions.

Anyone can join the scheme or attend the workshop to be part of this program. Mostly the MPs and other departmental representatives will be part of the program.

ANSWER: Pradhan Mantri Garib Kalyan Yojana

Explanation:
An alternative Scheme namely, ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) has been proposed.

The declarant under this regime shall be required to pay tax @ 30% of the undisclosed income, and penalty @10% of the undisclosed income.

Further, a surcharge to be called ‘Pradhan Mantri Garib Kalyan Cess’ @33% of tax is also proposed to be levied.

In addition to tax, surcharge and penalty (totaling to approximately 50%), the declarant shall have to deposit 25% of undisclosed income in a Deposit Scheme to be notified by the RBI under the ‘Pradhan Mantri Garib Kalyan Deposit Scheme, 2016’.

This amount is proposed to be utilised for the schemes of irrigation, housing, toilets, infrastructure, primary education, primary health, livelihood, etc., so that there is justice and equality.