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Current Affairs

 

Current Affair 01 July 2019


Uploaded Date: 01 July 2019

 

  1. Government of India organized an event on July 1 to celebrate the second anniversary of Goods and Services Tax (GST) .
    The event will be addressed by Finance Minister Nirmala Sitharaman.
    The event will be held in Ambedkar Bhawan.
    The event will be attended by senior officers of the central and state tax authorities. 
    The two years presentation of GST and the road ahead for the indirect tax regime will be published.
    The pilot of new return filing replaces the current system of GSTR-3B (summary returns) and GSTR-1 (supplies return) launched on July 1, 2019.
    The generation of e-way bill for transporting goods over Rs 50,000.
    GST has 17 local levies rolled out on the intervening night of June 30 and July 1, 2017.
    The ceremony held in the central hall of the parliament.
    GST transformed India into ‘One Nation, One Tax’ that binds the country into an economic union.
    GST simplified with tax rates being lowered for nearly 500 products and return filing system streamlined

    About GST - History
    Goods and Services Tax (GST) is an indirect tax which is levied on the consumer when buying goods or services. 
    It is the single tax levy on goods and services from the manufacturing stage until its delivery stage. 
    GST came into effect throughout India on 1 July 2017
    It replaced several cascading indirect taxes levied by the central and state governments.
    Goods and Services Tax is a comprehensive nationwide indirect tax on the manufacture, sale, and consumption of goods and services
  2. Telangana is hosting the triennialInternational Seed Testing Association (ISTA) Congress in Hyderabad. ISTA congress is being held for the first time in Asia. The Congress is being held from 26 June to 3 July 2019. 

    ISTA Congress meet:
    Congress will have the main event for three days and technical committee meetings/sessions over the next 5 days. The Congress will have a symposium on seed technology and quality in a changing world. It would discuss recent developments in seed research and in technology related to seeds.
    Workshop: The workshops would focus on varietal identification, seed sampling, Purity, germination and moisture. The latter workshop will held from July 5 to 1
     
    Participants:
    400 experts, policymakers, scientists, researchers and members of seed industry from more than 80 countries including the UK, South Africa, Argentina, New Zealand, Canada and Austria, will deliberate on seed policies, production and quality aspects.

    Telangana: 
    Telangana is major hub of seed production as it meets about 60% of the country's needs in major crops like rice, soybean, sorghum, maize, pearl millet and cotton.
    Telangana, over 400 seed companies are operating with 413 seed processing and 13 seed testing units and about 5 lakh farmers in 1,500 villages are engaged in seed production in 3 lakh acres and produce about 65,000 tonnes seed of various crops.

    ISTA:
    ISTA was formed in 1924 during the 4th International Seed Testing Congress held in  Cambridge United Kingdom.
  3.  West Bengal Government launched a crop insurance scheme, Bangla Shashya Bima (BSB).
    The reason for the launch of 2019 'Kharif' season is to protect farmers from losses due to natural disasters.
    Their main aim is to provide a steady income in case of unstable market prices. 
    The scheme launched in collaboration with Agriculture Insurance Company of India (AIC).
    The crop insurance scheme is "free of cost for farmers" as the state government would pay the entire premium.
    The crops include Aman and Aus paddy, jute and maize under the scheme. 
    This scheme is applicable for farmers in 15 districts.
    Those districts include Darjeeling, Kalimpong, Purba Bardhaman, Paschim aardhaman, Purba Medinipur, Malda, Hooghly, Nadia, Murshidabad, Cooch Behar, Birbhum, Purulia, Dakshin Dinajpur, North 24 Parganas, and South 24 Parganas. 

    About West Bengal
    Capital: Kolkata
    Chief minister: Mamata Banerjee
  4. 01 July 2019 Current Affairs: Electronics and Information Technology Minister Ravi Shankar Prasad planned to launch the commemoration of four years of Digital India initiative .
    The event will take in New Delhi.The main aim of this initiative is to bridge the digital divide and create awareness about Information Technology.
    These digital services are offered by the government as well as the private sector.
    Prime Minister Narendra Modi launched various initiative of Digital India on 1st of July, 2015.
    The Digital India plan comprises various initiatives that are targeted to prepare India for becoming a knowledge economy.
    To bring good governance to citizens through synchronized and coordinated engagement of the entire government.
    The Digital India Project main aim to connect all gram panchayats by broadband connectivity.It works under BharatNet Project to promote e-governance. 

    About Digital India initiative
    It is a campaign launched by the Government of India.
    Their main aim is to ensure the Government's services are made available to citizens electronically by improved online infrastructure
    Their aim is to increase Internet connectivity.
    Even the country digitally empowered in the field of technology.
    Motto:"Power To Empower"
    Ministers responsible : Ravi Shankar Prasad, S. S. Ahluwalia
    Launched: 1 July 2015
  5. According to the survey, "The Periodic Labour Force Survey (PLFS) for 2017-18" which is conducted by National Sample Survey Organization (NSSO).
    The huge variations among the states in terms of the unemployment rate. 
    The overall unemployment rate is around 6.1.
    Nagaland has the highest unemployment rate among the states with the percentage of 21.4%
    It is followed by Goa (1 3.9%) and Manipur(1 1.6%)
    Meghalaya has the lowest rate at 1.5%.Chhattisgarh and Sikkim have the lowest rates. 
    Urban areas witnessed higher unemployment (7.8%) than rural areas (3%). Females have the lowest unemployment rate (5.7%) in comparison to males (6.2%). 
    Nagaland top in the list of union territories while Dadra and Nagar Haveli with a low rate of 0.6%. 
    Goa and Kerala are high in female unemployment at 26.0% and 23.3%respectively.
  6. U.S. President Donald Trump said that India’s high tariffs on American products are unacceptable. Trump has asked India to withdraw the tariffs it levied on 28 US goods.

India levied tariffs:
Ministry of Commerce has announced to impose retaliatory tariffs on US goods that will be effective from June 16 onwards. The retaliatory tariffs on 28 goods imported from the U.S. The Ministry initially decided to impose tariffs in 2018. The decision is ahead of the meeting between Modi and Trump on the sidelines of the G20 summit in Japan. The move made by the trade ministry was approved by the Ministry of External Affairs.
The tariffs will be applied on
 $220-290 million worth of goods that are imported from the US, and will have about the same impact as the tariffs imposed by Washington on India in 2018.

 

 

 

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