April 3rd, 2015
THE YOUNG CHRONICLE
For 8-9 Year Olds or 3rd– 4th Graders
126 YEARS OF THE EIFFEL
Inside this issue:
Kids Shine At National Film
2
Plane Crashes in the
Near Past
2
Author of Slumdog
3
Millionaire, to become
Secretary in the Foreign Affairs Ministry
Bihar’s Cheating Scan- 3
dal
Saina Nehwal Turns
Number 1
March 31, 1889 is the day the Eiffel Tower opened to the public in Paris, France.
1.
The tower’s elevators were not ready
when the Eiffel Tower opened to the public March 31, 1889. Gustave Eiffel and
the French dignitaries invited, had to
climb the 1710 steps that then led to the
Tower’s third floor. There, he unveiled
the French flag, which received a 21 gun
salute.
4
Gustave Eiffel wrote on a lady’s fan, ‘The
French flag is the only flag to have a three
hundred metre high staff’.
2. The Eiffel Tower would remain the tallest monument in
the world until the Chrysler Building was built in New York
in 1929. On the evening of its inauguration, the entire area
was lit up by 10000 gas lamps. Two floodlights at the top illuminate the monuments of Paris. The red, white and blue
headlight at the top is the most
powerful in the world.
3. The tower was commissioned as part of a competition
by the Journal Officiel to
“study the possibility of erecting an iron tower on the
Champs-de-Mars,” according to
the tower’s website.
4. The tower was commissioned to coincide with the
opening of the Paris World’s
Fair (Exposition Universelle),
a celebration of the 100th anniversary of the French Revolution. The exposition opened in
May, with the Eiffel Tower
serving as the entrance to the
fairgrounds. The elevators
were completed by the end
of the May, but more than
30,000 visitors took the
trek up 1,710 steps in the
days after the tower officially opened to the public.
5. The 20-year lease on the
land by the exposition expired in 1909, but the tower
was saved because of its usefulness as an antenna for
radio transmission. Gustave
Eiffel encouraged scientific
experiments using the tower, and that spared it from
destruction.
The Union Budget Comes into Effect
The Union
budget
is
presented
each year
by the Finance Minister of the
government
of India. The budget is the document which
the government follows to manage it’s revenue and expenditures through the year. The
document difines which schemes the government will spend on and how it will levy
income in the form of taxes, from the people.
The 2014 elections saw credible changes,
not only in the government, but also the
economic status. Our economy grew to
7.4% in 2014-15 and the government has
assured a GDP rise of 8 to 8.5% in 201516.
The tax slabs haven’t been changed so
there has been no reduction in the tax paid
by people in the lower income bracket, which they
could have used for further
investments.
The entire tax can be exempted for contribution to
Swachch Bharat, apart
from CSR.
Eating out and the movies
will become a little more
expensive since service tax
has been increased to 14%
this year as compared to
12.36% last year.
Companies will have to pay
a little less taxes, so there
is chance that more MNCs
will open branches in India.
Rs. 2,46,726 crore have
been allocated to the defence, which will hopefully
reduce casualties caused
by old and faulty equipment. There will also
be a focus on developing defence equipment under the Make in India Scheme.
Rs. 75 crore will be allocated towards electric car production. So hopefully, pollution
will reduce over the years, as these cars
enter the market.
The budget proposes to build six crore toilets across the country under the
Swachh Bharat Abhiyaan.
The government aims to provide housing to
all by 2020.
More educational institutions like IIM, AIMS,
and educational institutes will be opened
across the country. Also, 80,000 secondary
schools will come up.
Overall, the budget seems to be a good effort, let’s hope it actually helps the people
of the country.