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Monday, August 8, 2016

DAILY CURRENT AFFAIRS: 6 AUG 2016

DAILY CURRENT AFFAIRS: 6 AUG 2016
(Daily News India)
Shared By: WWW.DailyGk.IN

1. NITA AMBANI BECOMES FIRST INDIAN WOMAN MEMBER OF IOC
i. Nita Ambani was elected as an individual member of International Olympic Committee .
ii. She becomes the first Indian woman to join the prestigious body which governs Olympic sports in the world.
iii. Nita Ambani is only current active individual member of the IOC from India and shall serve at the high-profile world body until she attains the age of 70.
iv. The IOC is the supreme authority of the Olympic Movement headquartered at Lausanne, Switzerland.

2. RAJYA SABHA PASSES THE CONSTITUTION (122ND AMENDMENT) (GST) BILL, 2014
i. The Rajya Sabha has unanimously passed The Constitution (122nd Amendment) (GST) Bill, 2014 to introduce the goods and services tax .
ii. India took giant step in structural indirect taxation reform and paved way for the concept of one nation, one tax.
iii. Earlier the Bill was passed in Lok Sabha in May 2015.
iv. GST is single indirect tax for the whole nation, which will make India one unified common market.
v. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
vi. Indirect taxes will include Central Excise Duty,  Additional Excise Duty,  Service Tax,  Additional Customs Duty , Special Additional Duty of Customs.
vii. At the State level it will iclude State Value Added Tax or Sales Tax,  Octroi and Entry tax,) Purchase Tax,  Luxury tax, and Taxes on lottery, betting and gambling  Entertainment Tax , Central Sales Tax
viii. Additional 1% tax on inter-State trade and it will be levied by Centre in the course of inter-State trade.

3. ESIGNDESK FACILITY AADHAR-LINKED ESIGNATURE FACILITY LAUNCHED
i. Aadhar-linked eSignature facility named as eSignDesk was launched for the online legal documentation business.
ii. Esigndesk based on Aadhaar platform it is actually an initiative of the Union Government aimed at allowing all citizens (with Aadhaar) to remotely sign any document.
 iii. The users of this facility need to have a registered mobile number associated with the Aadhaar card.

4. SAARC IMMIGRATION AUTHORITIES MEETING HELD IN ISLAMABAD
i. The seventh meeting of South Asian Association for Regional Cooperation  Immigration Authorities was held in Islamabad, Pakistan.
ii. The meeting was chaired by Usman A. Bajwa, Pakistan’s Director General Immigration and Passports, .
iii. The meeting aimed at formulating recommendations to be presented in the meetings of Home Secretaries and Interior Ministers meetings.
a.       Mian  highlights of the meeting
b.      reviewed different areas to maximize the potential of visa exemption scheme launched among the member countries in 1992.
c.       development of security software for SAARC Visa Exemption Scheme (SVES) and immigration matters.
d.      It will have a central database that will provide all member states with real-time and secure information.

5. VINOD RAI STEPS DOWN FROM IDFC BANK’S BOARD
i. Former Comptroller and Auditor General of India Vinod Rai  stepped down from private sector lender IDFC Bank’s board.
ii. He will continue to be the non-executive independent chairman of IDFC Ltd.
iii. The decision was taken to avoid conflict of interest as Rai is also the chairman of Bank Board Bureau
iv. Vinod Rai was the 11th Comptroller and Auditor General of India.


CURRENT AFFAIRS GK QUIZ BASED ON TODAY’S NEWS

1.  NAME THE 1ST INDIAN WOMAN WHO HAS RECENTLY ELECTED AS A MEMBER OF INTERNATIONAL OLYMPIC COMMITTEE?
a. Nita Ambani
b. Shila Ambani
c. NAmita Ambani
d. Hema Ambani
2. WHO IS THE PRESIDENT OF INTERNATIONAL OLYMPIC COMMITTEE?
a. Avery Brundage
b. Sigfrid Edstrom
c. Thomas Bacch
d. None of these
3. HOW MANY MEMBERS ARE THERE IN RAJAYA SABHA ACCORDING TO INDIAN CONSTITUTION?
a. 238
b. 250
c. 249
d. 240
4. NAME THE CEO OF UIDAI?
a. Vikas Sinha
b. Narendra Modi
c. Nandan Nilekani
d. Ajay Bhusan Pandey
5. WHERE ARE THE HEADQUARTERS OF IDFC LOCATED AT?
a. Mumbai
b. Chennai
c. New Delhi
d. Bangalore

ANSWERS:
1) A                2) C                 3) B                4) D                5) B


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