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Tuesday, March 21, 2017

DAILY CURRENT AFFAIRS: 21ST MAR 2017

DAILY CURRENT AFFAIRS: 21ST MAR 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1. GOVERNMENT APPROVES SOLAR ENERGY SCHEME FOR SMALL POWERLOOM UNITS
i. Shri Ajay Tamta, The Minister of State for Textiles, informed the Lok Sabha that the Government has approved a new scheme, Solar Energy Scheme, to provide financial assistance/capital subsidy to small powerloom units, for installation of Solar Photo Voltaic  plant.
ii. Its aim is to mitigate the problem of power cut/ shortage faced by decentralized powerloom units in the country so as to improve efficiency, utilization, productivity to face both the domestic and international markets competitively.
iii. The Scheme is meant for Units having 04, 06 & 08 powerlooms and subsidies for different SPV plants will be given in the range of Rs 2,25,000 to Rs 8,55,000 depending upon the capacity of the SPV plant.
iv. The Scheme will come into force with effect from April 1, 2017.
v. Under the Solar Energy Scheme, the Solar Photo Voltaic (SPV) plant will be implemented in two modes:On-Grid Solar Power Plant and Off-Grid Solar Power Plant.

2. INDIA’S LONGEST ROAD TUNNEL, CHENENI-NASHIRI TUNNEL READY FOR OPENING
i. The longest road tunnel of India built at Cheneni in Jammu’s Udhampur district has successfully completed its trail run and is ready for public opening.
ii. The longest tunnel connecting Chenani and Nashiri town is likely to be inaugurated by PM Narendra Modi by the end of March.
iii. The trial run was successfully carried out between March 9-15 during both peak and non peak hours.
iv. The 9-km-long tunnel passes through the Himalayas and is a part of the 286-km-long four-lane project on Jammu- Srinagar National Highway.
v. The tunnel is 1st in India to be equipped with world class integrated tunnel control system through which ventilation, signals, fire control, communication and electrical systems will be automatically actuated.

3. UNION CABINET CLEARS 4 GST SUPPLEMENTARY LEGISLATIONS FOR INTRODUCTION TO PARLIAMENT
i. The Union Cabinet chaired by PM Shri Narendra Modi has approved the 4 supporting GST legislations on March 20.
ii. The 4 supporting legislations are the Compensation Law, the Central-GST, Integrated-GST and Union Territory-GST.
iii. Once the Parliament approves the Bill, the states would start taking their SGST bill for discussion and passage in the respective state assemblies.
iv. Once the new GST regime is into effect it will subsume central taxes like excise and service tax and state levies like VAT.
v. A composite GST will be charged on sale of goods or rendering of services while the revenue would be shared between the Centre and the states in almost equal proportion.

4. FIVE INDIANS NAMED IN WEF’S 100 YOUNG GLOBAL LEADERS LIST 2017
i. The annual World Economic Forum’s 100 Young Global Leaders list released for the year 2017 have given place to five Indians for their innovative approaches.
ii. Vijay Shekhar Sharma, Founder & CEO PayTm, Shruti Shibulal, The Tamara Hospitality,Ambarish Mitra, Founder and CEO of Blippar, a mobile phone app.
iii. Hindol Sengupta and Rwitwika Bhattacharya-Agarwal, Editor-at-large, Fortune India and Founder and CEO of Swaniti Initiative.

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