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Saturday, 17 October 2020

GoI to borrow Rs 1.1 lakh crore to fulfill shortfall of GST compensation


The central authorities will borrow Rs 1.1 lakh crore below the particular window to fulfill the shortfall of Goods and Services Tax (GST) compensation. Under the Special Window, the estimated shortfall of Rs 1.1 lakh cr (assuming all States be part of) might be borrowed by Government of India in acceptable tranches. The borrowed quantity might be handed on to the States as a back-to-back mortgage in lieu of GST Compensation. This won’t have any influence on the fiscal deficit of the Government of India.

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 The quantities might be mirrored because the capital receipts of the State Governments and as a part of the financing of its respective fiscal deficits. This will keep away from differential charges of curiosity that particular person States could also be charged for his or her respective SDLs and might be an administratively simpler association. The govt additionally clarified that the General Government (States+Centre) borrowings won’t enhance by this step. The States that get the profit from the Special Window is more likely to borrow a significantly lesser quantity from the extra borrowing facility of 2% of GSDP (from 3% to five%) below the Aatma Nirbhar Package.

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Bihar Panchayati Raj Minister Kapil Deo Kamat passes away


The senior Janata Dal (United) chief Kapil Deo Kamat, who was serving because the Panchayati Raj Minister of Bihar, handed away attributable to COVID-19. He was a JDU MLA from Babubarhi meeting constituency in Madhubani district, Bihar.

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International Day for the Eradication of Poverty


International Day for the Eradication of Poverty is noticed globally on 17 October yearly. The day goals to lift consciousness of the necessity to eradicate poverty and destitution around the globe, notably in growing international locations.

2020 Theme: “Acting together to achieve social and environmental justice for all”. The theme for the Day this 12 months addresses the problem of attaining social and environmental justice for all.

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History

This 12 months marks the twenty seventh anniversary of the declaration by the General Assembly, in its decision 47/196 of 22 December 1992, of 17 October because the International Day for the Eradication of Poverty. This 12 months additionally marks the thirty second anniversary of the Call to Action by Father Joseph Wresinski — which impressed the observance of October 17 because the World Day for Overcoming Extreme Poverty — and the popularity by the United Nations of the day because the International Day for the Eradication of Poverty.


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SC appoints former choose to observe steps to forestall stubble burning


The Supreme Court has appointed Justice Madan B Lokur, a former choose of the apex courtroom, as a one-man monitoring committee to forestall stubble burning within the states of Punjab, Haryana and Uttar Pradesh, amid rising ranges of air pollution within the nationwide capital and adjoining areas.

The bench additionally directed court-appointed Environment Pollution Control Authority (EPCA) and chief secretaries of Haryana, Punjab and Uttar Pradesh to assist the Lokur panel with bodily surveillance of fields to test cases of stubble burning and different associated issues.

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The new committee will monitor the stubble burning and take preventive steps. It will get help from chief secretaries of all states in addition to National Cadet Corps (NCC), National Service Scheme and Bharat Scouts. The panel shall submit its report on stubble burning inside 15 days to the apex courtroom.


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Cabinet approves Rs. 5718 crore World Bank-supported STARS venture


Union Cabinet chaired by the Prime Minister, Narendra Modi has accredited the implementation of the Strengthening Teaching-Learning and Results for States (STARS) venture. STARS is a brand new Centrally Sponsored Scheme below the Department of School Education and Literacy, Ministry of Education for bettering the standard of training, within the Indian School Education System.

The complete venture value is Rs 5718 crore with the monetary help of World Bank amounting to the USD 500 million (roughly Rs. 3700 crores). The venture will cowl 6 states specifically Himachal Pradesh, Rajasthan, Maharashtra, Madhya Pradesh, Kerala and Odisha.

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Under the STARS Project:

  • The venture envisages bettering the general monitoring and measurement actions within the Indian School Education System by supporting the chosen states in creating, implementing, evaluating and bettering interventions with direct linkages to improved training outcomes and faculty to work transition methods for improved labour market outcomes
  • The total focus and parts of the STARS venture are aligned with the targets of the National Education Policy (NEP) 2020 of Quality-Based Learning Outcomes.


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Current Affairs One liners : sixteenth October


• Union Education Minister launched the ‘KAPILA’ (Kalam Program for Intellectual Property Literacy and Awareness) marketing campaign on the 89th beginning anniversary of former President and Scientist Late Dr. APJ Abdul Kalam. Under this marketing campaign, college students pursuing training in increased instructional establishments will get details about the proper system of software course of for patenting their invention and they are going to be conscious of their rights.

• Central Government has notified the Directorate General of Shipping as National Authority for Recycling of Ships beneath the part 3 of the Recycling of Ships Act, 2019. As an apex physique, DG Shipping is authorised to manage, supervise and monitor all actions regarding ship recycling. DG Shipping would be the ultimate authority for the varied approvals required by the Ship-Recycling yard house owners and State Governments.

• Government has requested all residents to attach with the reason for war-widows, Ex-Servicemen, wards of the martyred troopers and contribute generously to Armed Forces Flag Day Fund in solidarity with the troopers and their subsequent of Kin or dependents. Contributions to Armed Forces Flag Day Fund are exempt from Income Tax beneath Section 80G(5)(vi) of the Income Tax Act, 1961. The Department of Ex-Servicemen Welfare in Ministry of Defence has been working for the welfare and rehabilitation of warfare widows, wards of martyred troopers and Ex-Servicemen.

• India shall be delivering a Kilo Class submarine INS Sindhuvir to Myanmar Navy as a part of defence cooperation. This would be the first submarine of Myanmar Navy. Cooperation within the maritime area is a crucial a part of India’s enhanced engagement with Myanmar. It is in accordance with India’s imaginative and prescient of SAGAR (Security and Growth for All within the Region) and consistent with construct capacities and self-reliance in all of the neighbouring international locations.

• India’s first Oscar winner Costume designer Bhanu Athaiya died at her residence in Mumbai after extended sickness. She was 91. Bhanu Athaiya (1929 – 2020) was an Indian costume designer who labored on over 100 movies. She received the Academy Award for Best Costume Design (shared with John Mollo) for her work within the 1982 movie, Gandhi. She turned the primary Indian to win an Academy Award. In 2012, Athaiya returned her Oscar to the Academy of Motion Picture Arts and Sciences for secure preserving.

• Pakistan together with China, Russia and Cuba have been elected on the United Nations Human Rights Council regardless of their abysmal human rights data. United States Secretary of State slammed the UN physique tasked with defending human rights for this election.

• With a view to advertise home manufacturing and minimize imports of non-essential gadgets, Government has banned imports of air conditioners with refrigerants. Non-essential digital items have been beneath the purview of the Ministry of Commerce and Industry because the authorities determined to push for self-reliance in varied sectors this 12 months.

The submit Current Affairs One liners : sixteenth October appeared first on Swarnoshiksha.


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India contributes 1 million {dollars} to UNRWA for Palestine Refugees


India has contributed a million {dollars} to the United Nations Relief and Works Agency (UNRWA) for Palestine Refugees in Near East. This assist will assist the Agency’s programmes and providers, together with training, well being care, reduction and social providers.

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The Representative Office of India in Ramallah said, India’s assist for the Palestinian trigger is an integral a part of the nation’s international coverage. It shall proceed supporting the UNRWA’s actions in offering important providers and mandatory humanitarian assist to Palestinian refugees.

Important takeaways for all aggressive exams:

  • UNRWA Headquarters: Amman, Jordan.
  • UNRWA Commissioner-General: Philippe Lazzarini.


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