DAILY CURRENT AFFAIRS: 4TH NOV 2016
(Daily News India)
Shared By: WWW.DailyGk.IN
1. PARIS CLIMATE AGREEMENT BECOMES INTERNATIONAL LAW
i. The Paris Agreement officially entered into force on 4 November 2016 and decklared as international law.
ii. The agreement deals with greenhouse gases emissions mitigation, adaptation and finance.
iii. The Paris Agreement’s entry into force comes a month after countries representing 55% of the world’s emissions committed to joining the deal.
iv. 192 states and the European Union have signed the Agreement.
2. GST COUNCIL APPROVES 4-TIER RATE AT 5%, 12%, 18% AND 28%
i. GST Council approved a four-tier GST tax structure of 5%, 12%, 18% and 28%, with lower rates for essential items and the highest for luxury and de-merits goods that would also attract an additional cess.
ii. Goods and Services Tax is a proposed system of indirect taxation in India merging most of the existing taxes into single system of taxation.
3. INDIA TO HOST 7TH SESSION OF COP7 ON TOBACCO CONTROL FROM NOV 7-12
i. 7th Session of the Conference of Parties to WHO Framework Convention on Tobacco Control will be held from november 7th to 12th at Greater Noida.