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Friday, October 6, 2017

DAILY CURRENT AFFAIRS: 3 OCT 2017

DAILY CURRENT AFFAIRS: 3 OCT 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      RAJGHAT GETS MAHATMA’S STATUE FOR THE FIRST TIME
i. Rajghat, the Samadhi of Mahatam Gandhi in Delhi, has for the first time acquired a statue of Mahatma Gandhi. The statue was unveiled by Vice-President of India Mr. M.Venkaiah Naidu on the occasion of the 148 Birth Anniversary of Mahatma Gandhi.
ii. Rajghat gets Mahatma's statue for the first time. It has been sculpted by renowned Indian sculptor, Mr. Ram Sutar.
iii. The statue has been installed in the Parking Area of Rajghat Samadhi Complex at a cost of Rs.8.73 lakhs. The famous message of Gandhi ji “Be the Change You Wish to See” is inscribed on the front side of the pedestal.
iv. Vice-President Venkaiah Naidu also inaugurated Rs.59 lakh Interpretation Centre in the Parking Area of the Rajghat Samadhi complex which enables interactive learning about the life and works of the Mahatma through Digital Display using LED screens.

2.      SBI WAIVES CLOSURE CHARGES FOR SAVINGS ACCOUNTS THAT ARE OVER 1 YEAR OLD
i. From October 1, 2017, savings bank account customers of State Bank of India will not have to pay any charges for closing the account. This waiver applies to savings accounts which have existed for more than 1 year.
ii. Earlier, SBI levied closure charges of Rs 500 with Goods and Service Tax for its savings account customers. Before the closure charges waiver, only those customers who close their accounts within 14 days after opening (termed as free-look period) were exempted from any charges.
iii. Now with the closure charges being waived off, only those customers who close their accounts after 14 days and before completing 1 year after opening an account will be charged Rs 500 plus GST.
iv. Charges that were levied on the closure of account at the time of settlement of accounts of deceased account holders have also been waived.

3.      CLEARTAX UPGRADES GST SOFTWARE TO HELP BUSINESSES AVOID WORKING CAPITAL LOCK-IN
i. ClearTax, upgraded its GST-compliant software to intelligent features, to help businesses ensure unobstructed flow of credit.
ii. ClearTax is an Income Tax returns e-filing service provider.ClearTax has simplified GST filing software in three-steps:
1. Create invoices through this software.
2. One-click upload of all invoices to the ClearTax online platform for e-filing
3. The user has to review the final invoices and then, with a few clicks, all data can be submitted to gstn for three returns a month (gstr-1, 2 and 3).
iii.  ClearTax users using GSTR-2A feature on the ClearTax GST Software can verify whether their vendors have filed their GSTR-1. If not, they can prompt them to file before the October 10 deadline.
iv. GSTR-1 is a return of outputs of a business. GSTR-2 is a return of inputs of a business.

4.      GIFT-IFSC RANKS AT 10TH PLACE IN GLOBAL FINANCIAL CENTRES INDEX
i. India’s 1st International Financial Services Centre, Gujarat International Finance Tec-City IFSC has ranked at 10th place in the latest September 2017 edition of Global Financial Centres Index 22 of London.
ii. GIFT IFSC is located between Ahmedabad and Gandhinagar in Gujarat. Currently it is operational with approximately 10 leading banks, eight insurance companies and participating brokers, and two international exchanges.
iii. Nearly 100 capital market players have established their base at GIFT IFSC.

5.      GDP TO HIT $6 TRILLION BY 2027 ON DIGITAL LEAP
i. India is likely to be the world’s fastest-growing large economy in the next 10 years, driven by digitisation, globalization, favourable demographics and reforms, according to the Morgan Stanley report.
ii. According to the global financial services major, the trend line in India’s annual GDP growth has been accelerating to 6.9% in 2000s, from 5.8 percent in the 1990s.

6.      MADURAI’S MEENAKSHI TEMPLE NAMED BEST ‘SWACHH ICONIC PLACE’ IN INDIA
i. The Meenakshi Sundareswarar Temple of Madurai was awarded the best ‘Swachh Iconic Place’, in India.
ii. Madurai District Collector K.Veera Raghava Rao and Corporation Commissioner S. Aneesh Sekhar received the ‘Swachh Iconic Place’ award from Uma Bharati, Minister for Drinking Water and Sanitation.
iii. This award was given by the Central Government, as a part of the ‘Swachh Bharat Abhiyan’.  Meenakshi Temple has been honoured with this award for the swift cleaning process carried out.

7.      GLOBAL ENTREPRENEURSHIP SUMMIT 2017 TO BE HELD IN HYDERABAD
i. A high-level delegation from the Government of India and the United States met NITI Aayog to plan the 2017 Global Entrepreneurship Summit. The summit will be held on November 28-30 at the Hyderabad International Convention Centre in Hyderabad, India.
ii. This year’s theme is “Women First, Prosperity for All” to celebrate the entrepreneurial spirit in all its strengths and diversity. The Summit will be inaugurated by the PM Shri Narendra Modi and Advisor to the President, Ivanka Trump, who leads the U.S. delegation.

8.      CHANDRABABU NAIDU LAUNCHES ‘SWACHH ANDHRA MISSION’, PV SINDHU CHOSEN AS THE BRAND AMBASSADOR
i. Andhra Pradesh Chief Minister Mr.Chandrababu Naidu launched ‘Swachh Andhra Mission’ on the occasion of Gandhi Jayanti.
ii. State minister for Information Technology and Rural Development Mr.Nara Lokesh and public representatives, were present on the occasion of this launch.
iii. Mr. Chandrababu Naidu and other dignitaries lit the lamp and paid tribute to Mahatma Gandhi and Lal Bahadur Shastri on their birth anniversaries.
iv. Shuttler PV Sindhu has been appointed as the brand ambassador of ‘Swachh Andhra Mission’. The Chief Minister said that, 22 lakh more toilets need to be constructed by March 2018.

9.      BAISHYA ELECTED AS CHAIRMEN OF TWO SUB-COMMITTEES OF IWF
i. Birendra Prasad Baishya the President of Indian Weightlifting Federation has been elected as chairman of two sub-committees of International Weightlifting Federation.
ii. Birendra Baishya has been elected as chairman of International Weightlifting Federation’s Ethics Commission as well as of Anti-Disciplinary Commission at IWF’s Executive Committee Meeting held at Bucharest, Romania.
iii. Mr. Baishya is currently serving as the Executive Board member of Asian Weightlifting Federation. He is also the Vice-President of Commonwealth Weightlifting Federation.

OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS

Q1. WHICH BANK HAS LEVIED CLOSURE CHARGES OF RS 500 WITH GOODS AND SERVICE TAX TO SAVINGS BANK ACCOUNT CUSTOMERS?
a)  HDFC Bank
b)  Axis Bank
c)  State Bank of India
d)  ICICI Bank
Q2. WHO HAS LAUNCHED ‘SWACHH ANDHRA MISSION’ AND PV SINDHU CHOSEN AS THE BRAND AMBASSADOR ON THE OCCASION OF GANDHI JAYANTI?
a)  Shri Nitish Kumar
b)  Mr.Pema Khandu
c)  Shri Pinarayi Vijayan
d)  Shri. Nara Chandrababu Naidu
Q3. RAJGHAT, THE SAMADHI OF MAHATAM GANDHI IN DELHI, HAS FOR THE FIRST TIME ACQUIRED A STATUE OF MAHATMA GANDHI ON THE OCCASION OF THE ________ BIRTH ANNIVERSARY OF MAHATMA GANDHI?
a) 148
b) 145
c) 146
d) 149
Q4. WHICH TEMPLE WAS AWARDED THE BEST ‘SWACHH ICONIC PLACE’ IN INDIA?
a)  Amarnath Temple, Jammu and Kashmir
b)  Meenakshi Sundareswarar Temple, Tamilnadu
c)  Brihadeeswara temple , Tamilnadu
d)  Khajuraho Temple,Tamilnadu,Kerala
Q5. INDIA’S FIRST INTERNATIONAL FINANCIAL SERVICES CENTRE GIFT- IFSC HAS RANKED AT _______ PLACE IN THE LATEST SEPTEMBER 2017 EDITION OF GLOBAL FINANCIAL CENTRES INDEX 22 OF LONDON?
a)  10th
b)  7th
c)  8th
d) 11th    

ANSWERS: 

1 - C    2 - D    3 - A    4 - B    5 - A

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