DAILY CURRENT
AFFAIRS: 5TH MAR 2017
(Daily News India)
1. FINAL DRAFT OF CENTRAL GST & INTEGRATED GST APPROVED BY
GST COUNCIL
i. The Goods and Services Tax Council
headed by Finance Minister Arun Jaitley unanimously cleared the crucial Central
GST and Integrated GST draft bills during its 11th meeting at Vigyan Bhavan.
ii. The state had recommended as many
as 26 changes regarding CGST and IGST, all of which were accepted by the
Centre.
iii. Under the IGST bill which is
related to taxation of inter-state transfer of goods, the legislation has been
made for cross empowerment of state and central officers.
iv. Both Centre and states have agreed
to provide a composition scheme for small businesses. Now the small businesses
with an annual turnover of up to Rs 50 lakh will pay 5% tax (to be shared
equally between the Centre and states).
i. The RBI has clarified that currency
notes which have messages scribbled on it are legal tender bank branches that
refuse to exchange soiled notes from people will have to pay a penalty of Rs
10,000.
ii. According to RBI’s Clean Note
Policy 1999, no banks can deny to exchange soiled or mutilated currency notes.
The restriction for exchanging soiled
notes is that if one exchanges more than 20 notes or notes worth Rs 5,000 in a
day, then banks will levy service charge.
3. GOOGLE INDIA INKS MOU WITH TELANGANA GOVERNMENT
i. Telangana government and Search
Engine Giant Google India have inked a Memorandum of Understanding aimed at
supporting the digitisation efforts of the state.
ii. As Part of the MoU Google will
provide Google Cloud credits and access to all cloud Google platform products to eligible startups
engaged with Telangana government’s T-Hub initiative.
iii. The MoU will cover various
initiatives among, making all government websites mobile friendly and introduce
programmes to help local small and medium businesses go online and stay safe online.
iv. The Agreement will pave Google
India and the Telangana to work on promoting digital literacy among rural women
through programme Internet Saathi.
4. GOVERNMENT’S BIOTECH INNOVATION CENTRE TO BE SET UP IN
BENGALURU’S C-CAMP
i. The Biotechnology Industry Research
Assistance Council will house its regional entrepreneurship centre at Bengaluru
based Centre for Cellular and Molecular Platforms a biotechnology innovation
incubator.
ii. The government’s nodal funding
agency for the biotech industry BIRAC regional centre aimed to increase
portfolio through partnerships with startups and entrepreneurs.
iii. The centre will provide a direct
interface between angel investors and earlystage VCs, among other things.
5. P K PURWAR APPOINTED MTNL CMD
i. Appointments Committee of the
Cabinet appointed P K Purwar as the Chairman and Managing Director of
State-owned telecommunications service provider Mahanagar Telephone Nigam
Limited.
ii. Prior to this elevation Purwar was
working as Director (Finance) in MTNL, he also held the additional charge of
the post of MTNL CMD between June 2014 and June 2015.
6. WCCB CONDUCTS OPERATION THUNDERBIRD & OPERATION SAVE
KURMA TO COMBAT WILDLIFE CRIME
i. The Wildlife Crime Control Bureau
under the Ministry of Environment and Forests coordinated nationwide ‘Operation Thunder Bird’ to combat
illegal trade of wildlife animals in the country.
ii. The operation was undertaken in
coordination with International Criminal Police Organization.
iii. Operation Thunder Bird aimed to
eliminate poaching of wildlife animals of India.
iv. ‘Operation Save Kurma’ is a turtle specific operation where over
15,000 live turtles were seized.
7. FORMER IFS AND MP SYED SHAHABUDDIN DIES
i. Well known Former Indian Foreign
Service officer and parliamentarian Syed Shahabuddin has passed away after a
prolonged illness in New Delhi.
ii. Syed began working as a diplomat
for the Indian Foreign Service, later served 3 terms from 1979-1996 as a MP.
iii. The eminent man Shahabuddin was a
former President of All India Muslim Majlise Mushawarat left party.
8. ‘NUMBER DO LIE’ AUTHORED BY FORMER CRICKETER AAKASH CHOPRA
i. Former Indian cricketer Akash Chopra
released book titled ‘Numbers Do Lie’,
61 Hidden Cricket Stories which takes a different look at stats.
ii. The batsman narrated about the
cricket records and player performances more lucidly that reflects player’s
impact in the game of cricket.
iii. The book is more about Impact
Index measures performance based on the match in series context and not just
plain statistics.
9. WORLD HEARING DAY: MARCH 3
i. World Hearing Day is observed on
each year on March 3rd to promote hearing since its pronouncement in
2007.
ii. The theme for World Hearing Day
2017 was “Action for hearing loss: make
a sound investment” reflects to the economic impact of hearing loss.
iii. This year WHO urged the theme
which highlights actions which can be undertaken by decision-makers to address
hearing loss.
OBJECTIVE QUESTIONS BASED ON TODAY’S NEWS
Q1. WHEN IS THE WORLD HEARING DAY OBSERVED?
a)
March 1
b)
March 4
c)
March 3
d)
March 5
Q2. WHO IS THE AUTHOR OF THE BOOK TITLED NUMBERS DO LIE: 61
HIDDEN CRICKET STORIES?
a)
Shoaib Akhtar
b)
Kapil Dev
c)
Sachin Tendulkar
d)
Akash Chopra
Q3. THE STATE GOVERNMENT OF TELANGANA HAS SIGNED AN MOU WITH
WHICH TECHNOLOGY GIANT TO SUPPORT DIGITIZATION EFFORT OF THE STATE?
a)
Google India
b)
Microsoft
c)
Tata Consultancy Services
d)
HCL Technologies
Q4. SYED SHAHABUDDIN WHO DIED ON MARCH 4, 2017 WAS A ____?
a)
Scientist
b)
Journalist
c)
Novelist
d)
Politician
Q5. OPERATION THUNDERBIRD AND OPERATION SAVE KURMA WAS CONDUCTED
BY WHICH AGENCY TO COMBAT WILDLIFE CRIME?
a)
Wildlife Conservation Trust
b)
Wildlife Crime Control Bureau
c)
Wildlife Trust of India
d)
National Tiger Conservation Authority
ANSWER:
