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Friday, November 17, 2017

DAILY CURRENT AFFAIRS: 14 NOV 2017

DAILY CURRENT AFFAIRS: 14 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      37TH INDIA INTERNATIONAL TRADE FAIR BEGINS IN NEW DELHI
i. 37th India International Trade Fair has begun at Pragati Maidan in New Delhi. The 14-day annual event has been organised by the India Trade Promotion Organisation. It was inaugurated by President Ram Nath Kovind.
ii. This year the theme of the fair is “Startup India Standup India”. Vietnam is the Partner Country, while Kyrgyzstan is the Focus Country. Jharkhand is participating as a Partner State in the event.

2.      PM MODI INAUGURATED RICE FIELD LABORATORY IN MANILA NAMED AFTER HIM
i. PM Narendra Modi visited the International Rice Research Institute in Los Banos, Philippines and inaugurated ‘Shri Narendra Modi Resilient Rice Field Laboratory’ named after him.
ii. Narendra Modi unveiled a plaque to mark the inauguration of the ‘Shri Narendra Modi Resilient Rice Field Laboratory’. He also undertook a symbolic ground breaking for a new plot for submergence tolerant rice varieties and presented two Indian rice seed varieties to the International Rice Research Institute gene bank.
iii. He interacted with several Indian scientists working at IRRI. He also reviewed a photo exhibit showcasing flood tolerant rice varieties, drought tolerant rice varieties, salinity tolerant rice varieties and IRRI’s work with women farming cooperatives.
3.      INDIA, PHILIPPINES INKS FOUR AGREEMENTS IN VARIOUS FIELDS
i. Four agreements were signed by India and Philippines in areas including Defence Cooperation and Logistics, agriculture, Micro, Medium and Small Enterprises-MSME and forging closer relations between the Indian Council of World Affairs and the Philippines Foreign Service Institute.
ii. The bilateral meeting was held between PM Modi and the Philippines President Rodrigo Duterte.

DAILY CURRENT AFFAIRS: 13 NOV 2017

DAILY CURRENT AFFAIRS: 13 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      PM MODI IN PHILIPPINES ON 3-DAY OFFICIAL VISIT
i. PM Narendra Modi has reached the Philippines capital Manila on a 3-day official visit. He will be attending the 31st ASEAN, the East Asia and the India-ASEAN annual Summits.
ii. During the visit to the Philippines, his first bilateral visit to the country, the Prime Minister will also participate in special celebrations of the 50th anniversary of ASEAN, Regional Comprehensive Economic Partnership Leaders’ Meeting and ASEAN Business and Investment Summit.
iii. ASEAN's theme for 2017 is 'Partnering for Change, Engaging the World'.

DAILY CURRENT AFFAIRS: 12 NOV 2017

DAILY CURRENT AFFAIRS: 12 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      FIRST EVER INTERNATIONAL AYUSH CONFERENCE AND EXHIBITION HELD IN DUBAI
i. The International AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) Conference and Exhibition 2017 is held in Dubai. Minister for AYUSH Sripad Naik is on a 3-day visit to UAE to participate in the first ever International Ayush Conference and Exhibition in Dubai.
ii. This is the first ever conglomeration of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy practitioners, policy makers, industrialists, researchers and students across the world. Indian government has committed to provide 100 non-Indian students full scholarship if they study AYUSH in any of the public deemed universities across India.
iii. AYUSH ministry is also in touch with the UAE Ministry of Health to set up an AYUSH chair in Dubai.

DAILY CURRENT AFFAIRS: 11 NOV 2017

DAILY CURRENT AFFAIRS: 11 NOV 2017
(DAILY NEWS INDIA)
SHARED BY: WWW.DAILYGK.IN

1.      23RD GST COUNCIL MEET HELD IN GUWAHATI, 28% TAX ONLY FOR 50 ITEMS
i. 23rd meeting of the Goods and Services Tax Council headed by Union Finance Minister, Arun Jaitley was held in Guwahati, Assam. Decisions taken during this meeting of GST council has brought in a comprehensive overhaul of GST rates. Besides return filing has been eased and more relief has been provided to small and medium enterprises.
ii. GST rate on 177 items has been reduced from 28% to 18%. Now only 50 items, mostly demerit, sin and luxury goods will attract 28% GST rate. This decision will have a revenue implication of Rs 20000 cr annually.
iii. Some of the items for which GST rate has been reduced from 28% to 18% include chewing gum, dental hygiene products, chocolate, aftershave, detergent, marble, custard powder, deodorant, nail polishes and creams.
iv. Besides, 13 items have been moved from 18% to 12% slab, 6 items from 18% to 5% slab, 8 items from 12% to 5% slab and 6 items from 5% to nil. The new tax rates will come into effect from November 15, 2017.
v. All restaurants across India (Air conditioned and non-Air conditioned restaurants), except those in five-star hotels will be levied GST of 5%, without input tax credit benefits. The GST Council has also raised the threshold for the composition scheme to 1.5 cr from 1 cr. Under the composition scheme, traders are allowed to pay a fixed rate to avoid GST paperwork. For nil liability tax filers, fine for late filing of returns has been cut to 20 per day from Rs. 200.

2.      INDIA RE-ELECTED MEMBER OF UNESCO’S EXECUTIVE BOARD
i. India has been re-elected as the member of the UNESCO’s executive board, its top decision-making body. The election was held at the 39th session of the General Conference of the UNESCO in Paris, France.
ii. The General Conference consists of the representatives of the States Members of the organisation. Each country has one vote, irrespective of its size or the extent of its contribution to the budget.

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