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  • Current Affairs & GK - 31-03-2017

    1. President inaugurated 'Namami Brahmaputra' festival in Assam.

    2. Sunaina Singh appointed as new Vice-Chancellor of Nalanda University.

    3. India's S V Sunil named player of the year for 2016 in Asian Hockey Awards.

    4. '100 MB' a new own app launched by Sachin Tendulkar.

    5. Hyderabad becomes 1st city in country with 1 Gbps wired broadband service.

    6. 3 Day annual meeting of new development bank begins in New Delhi.

    7. Virat Kohli receives Padma Shri at Rashtrapati Bhavan.

    8. 'Kanha tiger service'becomes first in India get official mascot: "Bhoor Singh the Barasingha".

    9. Hriday Narayan Dikshit takes charge as UP assembly Speaker.

    10. Tamil Nadu beat India 'B' to win 'Deodhar Trophy'.

  • Current Affairs & GK - 30-03-2017

    1. Rail Minister Suresh Prabhu releases book titles "Indian Railway- The weaving of a national Tapestry".

    2. Tamil Nadu wins Deodhar Trophy and becomes 1st state to win all BCCI senior trophies.

    3. Kotak Mahindra Bank launches8-11 app to double customer base.

    4. 'India Pride Award' - infrastructure development won by AAI and best performance won by NTPC.

    5. Dubai based Souq.com bought by amazon.

    6. Online vigilance clearance system and E-service book launched by central government.

    7. Centre launches mobile apps eChallan, mParivahan to check traffic violations.

    8. Srinath Narayanan is all set to become India's 46th Grandmaster in chess.

    9. Govt. announces regional aviation routes & airlines under UDAN scheme.

    10. 'Sima Kamil' becomes the first woman to lead a major Pakistani bank (United Bank Limited).

  • Current Affairs & GK - 30-03-2017

    1. Rail Minister Suresh Prabhu releases book titles "Indian Railway- The weaving of a national Tapestry".

    2. Tamil Nadu wins Deodhar Trophy and becomes 1st state to win all BCCI senior trophies.

    3. Kotak Mahindra Bank launches8-11 app to double customer base.

    4. 'India Pride Award' - infrastructure development won by AAI and best performance won by NTPC.

    5. Dubai based Souq.com bought by amazon.

    6. Online vigilance clearance system and E-service book launched by central government.

    7. Centre launches mobile apps eChallan, mParivahan to check traffic violations.

    8. Srinath Narayanan is all set to become India's 46th Grandmaster in chess.

    9. Govt. announces regional aviation routes & airlines under UDAN scheme.

    10. 'Sima Kamil' becomes the first woman to lead a major Pakistani bank (United Bank Limited).

  • Current Affairs & GK - 29-03-2017

    1. SC bans Non-Compliant BS-4 emission vehicles from April 1 2017.

    2. Justice Mukul Mudgal to head BARC India's disciplinary council.

    3. 'Unnati' credit card launched by SBI.

    4. UK minister Priti Patel receives Pravasi Bharatiya Samman.

    5. R Ashwin receives Sir Garfield Sobers trophy.

    6. 1st time India becomes Net Exporter of electricity.

    7. UN appoints David Beasly to head World Food Programme.

    8. INLCU L51 commissioned into Indian Navy.

    9. Montenegro becomes NATO's 29th member as US senate vote on approval.

    10. Indian Army chief Bipin Rawat to receive honorary general title of Nepal Army.

    11. Siddhartha Upadhyay appointed on governing body of sports authority of India.

  • Current Affairs & GK - 28-03-2017

    1. India remains no.1, retains the ICC test championship mace.

    2. India defeats Australia by eight wickets to reclaim the Border-Gavaskar Trophy.

    3. Karur Vysya Bank receives 'Best Small Bank 2016' award.

    4. Indian Army releases book titled 'Home of the Brave'on Rashtriya Rifles.

    5. Odisha becomes first state to bring banking to remote rural areas through SHG.

    6. World Environmental Education Congress 2017 to be held in Canad.

    7. ICICI Bank & TrueCaller partners to launch UPI-based 'Truecaller Pay'.

    8. Gurinder Chadha the veteran filmmaker gets Sikh Jewel Award.

    9. Minoru Kato appointed as new Honda Motorcycle & Scooter India (HMSI) CEO.

    10. iskcon'S gOVARDHAN eCO VILLAGE GETS 'WATER' award from Water Digest.

  • Current Affairs & GK - 27-03-2017

    1. NGT organisesworld conference on environment in New Delhi.

    2. PAYTM - The first E-commerce giant to become ASCI (Advertising Standards Council of India) member.

    3. West Bengal beats Foa to win 71 Santosh Trophy.

    4. Bhubneshwar set to Host World Hockey League 2017; 2018 World Cup.

    5. Australian pace bowler Shaun Tait retires from all forms of cricket.

    6. World Theatre Day observedon March 27.

    7. Gauri Singhvi from Udaipur 1st to swim from sea link to gateway of India.

    8. General Insurance premium set to go up from April 1.

    9. Randeep Guleria appointed as Director of AIIMS, New Delhi.

    10. India's men's archery team won a gold medalinthe men's compund event at the 2017 Asia Cup.

  • Current Affairs & GK - 26-03-2017

    1. Now Aadhaar mae mandatory for mobile connections.

    2. India overtake Japan to become third largest in domestic air traffic.

    3. India wins 73 medals in 2017 special olympics worl winter games including 37 golds.

    4. HDFC's Aditya Purimakes into world's 30 best CEO's list by Barron's.

    5. Flipkart plans to acquire eBay's India operations.

    6. India ends with 73 medals from 2017 special Olympics World Winter Games, Austria.

    7. Sebastian Vettel beats Lewis Hamilton to win Australia Grand Prix.

    8. Bangladesh observed 47th Independence Day on March 26.

    9. Cheteshwar Pujara sets a record by scoring the most runs in a test season by an Indian (1316 runs).

    10. Anupam Kher receives Kala Ratan Award from Vice President.

  • Current Affairs & GK - 25-03-2017

    1. International Day of Remembrance of the victims of slavery and transatlantic slave trade: 25th March.

    2. SBI Chairperson Arundhati Bhattacharya has been ranked 26th among the world's 50 greatest leaders, according to Fortune Magazine.

    3. BSF get women Combat officer Tanushree Pareek after 51 years-BSF.

    4. Aadhar seeding of Jan Dhan accounts- Lead by Andra Pradesh .

    5. Osmania University to host 105th Indian Science Congress.

    6. CBEC renamed as CBIC under GST regime.

    7. Indian Navy fires surface-to-air missile from INS Vikramaditya.

    8. 10th anniversary of 'Earth Hour'.

  • Current Affairs & GK - 24-03-2017

    1. World Tuberculosis Day - March 24, 2017.

    2. SBI chairman Arundhati Bhattacharya ranks 26 in Fortune's World's 50 greatest leaders 2017.

    3. Tata Capital Launches Mobile App "myLoan" to offer personal loans.

    4. Raghu Rai honoured with lifetime achievement at the National Photography Awards.

    5. RBI okays appintment of T S Anantharaman as part-time chairman.

    6. Bengaluru gets India's first vertical garden.

    7. Noted Tamil litterateur Thiagarajan popularly known as Asokamitran passes away.

    8. eBay's India operations to be acquired by Flipkart.

    9. World's largest 'artificial Sun' switched on in Germany.

    10. Dr. Randeep Guleria was appointed as the Director of the AIIMS.

  • Current Affairs & GK - 23-03-2017

    1. India ranks 87 in Energy Architecture Performance Index 2017.

    2. South Indian Bank introduces Aadhar-based payment app.

    3. Frenchmen Yves Meyer wins 2017 Abel Prize for Wavelets Theory.

    4. Fateh Bahadur appointed as Protem Speaker of UP.

    5. Indian journalist Ravish Kumar conferred with first Kuldip Nayar Journalism Awards.

    6. Airtel enters definitive agreement to acquire Tikona Digital.

    7. Ankur Mittal clinches Gold in Double Trap Event in ISSC World Cup Mexico.

    8. HUDCO gets SEBI approval to float IPO.

    9. ABB India wins Smart Technology of the year 2016.

    10. World Meteorlogical Day - 23rd March.

  • Current Affairs & GK - 22-03-2017

    1. India ranks 131 in Human Development Index 2016.

    2. Mobile payment service 'Samsung Pay' officially launched in India.

    3. Government lowers cash transaction limit to Rs. 2 Lakh.

    4. Upendra Tripathy appointed as full time interim Director General of ISA.

    5. Ankur Khanna appointed as new Chief Financial Officer of ICC.

    6. Ravindra Jadeja Outclasses Ashwin to rank Top Test Bowler in ICC ranking.

    7. Majuli of Assam to become India's 1st carbon neutral district..

    8. Govt recommends to make Aadhaar mandatory for I-T returns.

    9. Goa assembly elects Dr. Pramod Sawant as speaker of Assembly.

    10. World water day - 22nd March.

  • Current Affairs & GK - 21-03-2017

    1. Mukesh Ambani tops the Forbe's Billionaire list in India.

    2. Centre approves merging Bharatiya Mahila Bank with SBI.

    3. RBI proposes to fix upper limit in PPIs at Rs. 1 Lakh.

    4. Canadian teacher maggie MacDonnell wins $ 1-million Global Teacher Prize 2017.

    5. Major Rohit Suri awarded Kirti Chakra for POK surgical strikes.

    6. ICMR head Soumya Swaminathan named to UN group on antimicrobial.

    7. Madhabi Puri Buch appointed as Sebi Whole-Time member.

    8. Tamil Nadu beats Bengal to win Vijay Hazare Trophy.

    9. India's Vidya Pillaiwins Silver in world Women Snooker Championships.

    10. National Champion K T Irfan wins Bronze in Asian 20 km race walk championships.

    11. Cheteshwar Pujara becomes first Indian to face 500 balls in test innings.

    12. International Day of forests - March 21, 2017 .

    13. World Poetry day - March 21, 2017 .

  • Current Affairs & GK - 20-03-2017

    1. Itally ranked World's Healthiest Country by Bloomberg 2017 Index..

    2. ICICI Bank launches new app 'Mera iMobile' for rural customers.

    3. Snapdeal names Jason Kothari as new FreeCharge CEO.

    4. Idea approves merger with Vodafone india, to create India's largest telecom.

    5. Uttarakhand HC recognises Ganga as India's 1st living entity.

    6. Rogger Federer Beats Stan Wawrinka to win 2017 .

    7. 4 GST supplementary legislation bill got clearance from Union Cabinet.

    8. Former Rajya Sabha member Pyarimohan Mohapatra passes away.

    9. Pakistan President Mamnoon Hussain promulgates Hindu marriage bill as law.

    10. Kumar Mangalam Birla to be appointed as chairman of Vodafone-Idea entity.

    11. International Day of happiness observed on 20th March.

    11. World Sparrow Day - 20th March.

  • Current Affairs & GK - 19-03-2017

    1. First Made-in-India train, Medha, flagged off at Dadar station.

    2. Indian-American Sandeep Matharani ranks 4th among 25 overpaid CEOs in US.

    3. Yogi Adityanath (BJP) takes Oath as Chief Minister of Uttar Pradesh.

    4. India's longest road Tunnel (9.2 km) connecting Jammu and Srinagar will be open for public.

    5. Shahid Afridi appointed ambassador of Blind Cricket World Cup.

    6. Sun Pharma's Dillip Shanghvi appointed as member on RBI's western board.

    7. Punjab to provide 33 percent reservation for women in govt jobs.

    8. The Hinduja brothers, Gopichand and Srichand of the Hinduja group have been ranked the richest Asians in UK in 2017.

    9. Justice Navniti Prasad Singh took Oath as Chief Justice of Kerala High Court.

    10. American rock and roll legend Chuck Berry (90) passes away.

    11. The 3-Day International Budhist Conference has begun in Rajgir, Bihar.

  • Current Affairs & GK - 18-03-2017

    1. Trivendra Singh Rawat (BJP) sworn in as new Chief Minister of Uttarakhand.

    2. RBI gets centre's Nod to print Rs. 10 plastic notes.

    3. Kerala gets first private bank: ESAF small/ micro Finance Bank.

    4. Sports Minister Vijay Goel addresses global millennium sumit at Dubai.

    5. Former Car Racer Ashwin Sundar died in car accident.

    6. First-Ever Haryana Sahitya Sangam began in Panchkula.

    7. Labour Ministry Proposes labour code to provide social security cover to all workers.

    8. Former Gujarat BJP MLA Manhar Valji Bhai Zala appointed head of Safai Karamcharis Commission.

    9. US state Kansas declares March 16 as Indian American Appreciation Day.

    10. Nobel laureate poet and playwright Derek Walcott passes at 87.

  • Current Affairs & GK - 17-03-2017

    1. GST (Goods Service Tax) council approves SGST (State Goods and Service Tax) & UTGST (Union Territory Goods and Service Tax) draft bills at its 12th meeting.

    SGST means State Goods and Service Tax, one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. SGST falls under State Goods and Service Tax Act 2016.

    For easy understanding, when SGST is being introduced, the present state taxes of State Sales Tax, VAT, Luxury Tax, Entertainment tax (unless it is levied by the local bodies), Taxes on lottery, betting and gambling, Entry tax not in lieu of Octroi, State Cesses and Surcharges in so far as they relate to supply of goods and services etc. are subsumed.

    The revenue collected under SGST is for State Government.

    UTGST means Union Territory Goods and Service Tax : GST under supply of goods and services takes place in Union Territories like Andaman and Nicobar Islands, Chandigarh, Dadra and Nagar Haveli, Daman and Diu, Delhi (National Capital Territory of Delhi), Lakshadweep, Puducherry etc. is accounted under UTGST. A separate Act is being implemented for Union Territory states to impose and administer GST in India in the name of UTGST Act. Under UTGST Act, the details of GST rates payable against the movement of goods and services in Union territories are explained.

    2. G20 meet of Finance Minister & Central Bank Governors began in Germany.

    3. India ranks 148 in 2017 UN women in politics map.

    4. First Airbus training centre in Asia to be set up in New Delhi.

    5. Michael Clarke's launches his autobiography 'My Story'.

    6. International Budhist conference commenced in Bihar.

    7. Merger between BSNL and MTNL proposed by parliametary panel.

    8. Fukushima stadium included as additional baseball venue for 2020 Tokyo Olympics.

    9. National Health Policy 2017 approved by Union Cabinet.

    10. Indrani Das awarded with 2017 Regeneron Science Talent Search.

    Current Affairs & GK - 16-03-2017

    1. Amarinder SIngh takes oath as Chief Minster of Punjab.

    2. Goa CM Manohar Parikar wins floor test in Goa assembly.

    3. Jwala Gutta appointed as member of governing body of SAI ( Sports Authority of India).

    4. Indian Institute of Science, Bengaluru placed among top 50 in THE'S Asia Universities Ranking.

    5. Singapore's Changi Airport named world's best airport for 5th consecutive year.

    6. Central Bank won official language policy award.

    7. Malikarjun Kharge of congress set to become next PAC chairman.

    8. Cabinet approves 2% dearness allowance hike for govt staff.

    The Dearness Allowance (DA) is a cost of living adjustment allowance paid to Government employees, Public sector employees (PSU)and pensioners in Pakistan, Bangladesh and India. Dearness Allowance is calculated as a percentage of an Indian citizen's basic salary to mitigate the impact of inflation on people.

    9. National Theatre Festival starts today in Kerala.

    10. Benchmark interest rate increased on 0.25% by US Federal Reserve.

  • Current Affairs & GK - 15-03-2017

    1. World Consumer Rights being observed : 15 March.

    2. The Inter-State river water disputes (Amendment) bill, 2017 has been introduced in Lok Sabha.

    3. Pawan Goenka gets 2nd term as IIT-Madras Board Chairman.

    4. Hyderabad best Indian city in quality of life.

    5. Shashank Manohar resigns from ICC chairman's post.

    6. International vision Zero Conference on Occupational, safety and Health begins in New Delhi.

    7. Tata Steel & WIPRO named among world's most ethical companies.

    8. Babul Supriyo named Vice-President of FIFA U-17 (Under-17) World Cup LOC.

    9. BJP leader N Biren Singh sworn in as Chief Minister of Manipur.

    10. Justice Sharma sworn in as Upalokayukta of Assam.

  • Current Affairs & GK - 14-03-2017

    1. World Pi Day: 14th March.

    2. Biren Singh selected as CM candidate in Manipur by BJP legislature party.

    3. Lok Sabha takes up Enemy Property Bill 2016.

    4. Pakistan set to conduct its first census in 19 years.

    5. KPMG elects Bill Thomas as Global Chairman.

    6. UK parliament gives final approval for Brexit bill.

    What does Brexit mean?
    It is a word that has become used as a shorthand way of saying the UK leaving the EU - merging the words Britain and exit to get Brexit, in a same way as a possible Greek exit from the euro was dubbed Grexit in the past.

    Why is Britain leaving the European Union?
    A referendum - a vote in which everyone (or nearly everyone) of voting age can take part - was held on Thursday 23 June, 2016, to decide whether the UK should leave or remain in the European Union. Leave won by 51.9% to 48.1%. The referendum turnout was 71.8%, with more than 30 million people voting.

    7. Vienna has been rated the city with the highest quality of life.

    Vienna is the capital and largest city of Austria and one of the nine states of Austria.

    8. Umesh Chowdhary has been elected as the new chairman of CII 

    9. Africa has its own domain now: .africa

    10. Bangladesh declares March 25 as ' Genocide Day'.

    The Bangladeshi Parliament unanimously passed a motion declaring March 25, the night Operation Searchlight was launched, as Bangladesh’s Genocide Day, to commemorate the brutalities committed by West Pakistan.

  • Current Affairs & GK - 13-03-2017

    1. Arunachal Pradesh launches Adarsh Gram Yojna for Rural poor..

    2. RBI removes limit on csh withdrawl from savings banks accounts..

    3. HSBC appoints Mark Tucker as its new chairman.

    4. Finance Minister Arun Jaitley assumes additional charge of defence.

    5. OnePlus India Ropes Amitabh Bachan as its New Brand Ambassador..

    6. SSP Chaurasia becomes second Indian Golfer to defend Indian Open Title.

    7. Punjab defeats railways to win Santosh Trophy.

    8. UP sets record of highest number of women MLA's winning in election.

    9. Manohar Parrikar to take charge as new Chief Minister of Goa.

    10. Lee Chong Wei won Men's Single title of All England Open badminton.

  • Current Affairs & GK - 12-03-2017

    1. World Day against Cyber Censorship: 12th March.

    2. Congress leader Captain Amrinder Singh will take oatch as the Chief Minister of Punjab on March 16.

    3. India ranked 132 in the latest edition of FIFA ranking.

    4. Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2016 passed in Lok Sabha.

    5. India successfully test-fires new BrahMos supersonic cruisine missile.

    6. 'Dangal' won the viewer's choice best film award at Zee Cine Awards, 2017.

    7. Himachal Pradesh launches mobile app ' Mera Hunar HP' for job seeker.

    8. Ritu Rani comes out of retirement to join Indian Hockey team.

    9. Central Railway unvells India's first air-conditioned rail ambulance.

    10. Thai Model Jiratchaya Sirimongkolnawin crowned transgender beauty queen title.

    11. John Surtees, british G1 legend dies at 83.

  • Current Affairs & GK - 11-03-2017

    1. B.P. Kanungo appointed RBI deputy governor in place of R. Gandhi.

    2. India appoints Manjeev Singh Puri s next envoy to Nepal.

    3. RBI restricts cash loan against gold by NBFC to Rs. 25,000.

    4. Venkaiah Naidu inaugurates India's largest waste-to-power plant in New Delhi.

    5. Narendra Kumar takes over as chairman central water commission.

    6. Cultural Festival 'India by the Nile' begins in Egypt.

    7. New chief justice of the Kerala High Court- Justice Navniti Prasad.

    8. New chief justice of the Chattisgarh High Court- Justice T B Radhakrishnan.

    9. New chief justice of the Madhya Pradesh High Court- Hemant Gupta.

    10. New chief justice of the Jharkhand High Court- P K Mohanty.

    11. Former Puducherry Minister M Chandrakasu passes away.

  • Current Affairs & GK - 10-03-2017

    1. ICC appoints Sachin Tendulkar as official ambassador of women's world cup 2017.

    2. Konkani writer Mahabaleshwar Sail receives Saraswati Samman 2016.

    3. Iran successfully tests Ballistic Missile Hormuz-2.

    4. Vice Admiral Girish Luthra commissions INS Tillanchang at karwar.

    5. Lok Sabha clears maternity benefits (amendments) bill,2016 to raise maternity leave to 26 weeks

    6. NASA spots ISRO's lost Lunar Spacecraft, Chandrayaan-1, still orbiting the moon.

    7. Women safety app 'Ammavin Aran' launched by AIADMK.

    8. Donald Tusk re-elected as Euripe Council president.

    9. 181 helpline number launched by Odisha government to help distressed women.

    10. Former Puducherry Minister M Chandrakasu passes away.

  • Current Affairs & GK - 08-03-2017

    1. International Women's Day: 8th March.

    2. D. Bala Venkatesh Varma concurrently accredited as the Ambassador of India to Andorra.

    3. PM Modi inauguratesPetrochemicals Complex at Dahej and Extradosed Bridge Across River Narmada at Bharuch in Gujarat.

    4. International Yoga Fest began in New Delhi on March 8, 2017.

    5. The fifth satellite of sentinel series (Sentinel-2B) launched by Europe.

    6. India has highest bribery rate among 16 Asia-Pacific Nations: Transparency International Survey.

    7. IDFC launches biometric based payment system Aadhaar Pay.

    8. Ashwin, Jadeja jointly ranked number one in ICC Test rankings.

    9. Actress Viola Davis named Harvardd 'Artist of the year'award.

    10. 'Work from home' facility intriduced by SBI for its employees.

  • Current Affairs & GK - 07-03-2017

    1. National conference on Jal Kranti Abhiyan held today at New Delhi.

    2. Indo-Nepal joint military exercise 'Surya Kiran-XI' begins in Uttarakahand.

    3. Fitch report Indian economy growth to be 7.1% this fiscal.

    4. Trade Mark rules 2017 becomes effective from March 6, 2017.

    5. Indian Institute of Science makes it to Top 10 best small universities in the world ranking (8th posititon).

    6. Team India sponsorship bagged by OPPO for 5 years.

    7. Hyderabad Airport gains 1st rank worldwide in Airport Service Quality Sevey.

    8. Aishwarya Rai Bachan wins best actress for Sarbjit at IFFA  Australia.

    9. Tribal festival 'Bhagoria' begins in MP.

    10. Rabi Ray, former Lok Sabha Speaker, passes away.

    11. Bengal's popular folk singer Kaliprasad Bhattacharya dies.

  • SHORT NOTES ON GOODS AND SERVICE TAX (GST)

    Goods and Service Tax bill is all over the news these days. It is important for every one to understand it completely.

    1.The Goods and Service Tax bil, touted to be India's biggest tax reform, will simplify the current system of taxation. The bill will convert the country into a unified market by replacing all indirect taxes with one tax.

    2. The constitution (122nd Amendment) Bill, 2014 was introduced in Lok Sabha on December 19, 2014. It was passed in that House May 6, 2015.

    What is GST?

    1. GST (Goods and Service Tax) is a tax levied when a consumer buys a good or service.

    2. The current tax regime is riddled with indirect taxes which the GST aims to subsume with a single comprehensive tax, bringing it all uner a single umbrella.

    3. Which means, various taxes like Exice Duty, Value Added Tax (VAT), Central Sales Tax, Counter vailing duty, Octroi,Luxury test and Entry Tax will all be included under a single roof by GST.

    4. The very important feature of GST bill is that instead of collection of Taxes at every step, it will be collected in one step. Goods and Services will be treated equally and will be taxed similarly.

    GST BILL HISTORY

    1. In 2009, UPA government opened a discussion regarding it. It was the first mention of GST. At that time this was introduced successfully but it could not be passed.

    2. December 17, 2014 was an important date for GST because NDA government made slight changes and redefined it in Lok Sabha.

    3. On 6th May 2015 Lok Sabha gave green signal to GST.

    BENEFIT OF GST

    1. Subsume all indirect taxes at the centre and the state level.

    2. One-Country-One-Tax.

    3. Reduce the cascading effect of taxes on taxes.

    4. Increase productivity and transparency, increase tax-GDP ratio.

    5. Reduce/ Eliminate tax evasion and corruption.

    EXEMLTIONS OF GST

     Alcoholic liquour for human consumption is exempt from GST.

    INITIALLY GST WILL NOT APPLY TO

    1. Petroleum Crude.

    2. High speed diesel.

    3. Motor Spirit (Petrol)

    3. Motor Spirit (Petrol)

    4. Natural Gas

    5. Aviation turbine fuel

    Tobacco and tobacco products will be subject to GST. The centre may also impose excise duty on tobacco.

    SALIENT FEATURES OF GST

    1. About 2/3 GST council members come from the states and any decission of council can be enforced only after it secures the assent of 75% of the members.

    2. If states think that they are loosing the revenues due to GST implementation, they are empowered to impose 1% more tax than the accepted GST for the first two years.

    3. If states incur revenue losses due to introduction of GST, the centre will compensate 100% loss for first three years, 75% of the loss on the fourth year and 50% loss in the fifth year.

    4. Though petroleum products are part of the GST regime, there will be no tax levied on them and staes can continue to levy their valu-added tax. In the beginning, the centre will collect excise tax for some years.

    All the state an central taxes will be levied through a single tax. As a result several taxes will be abolished and the practice levying taxes on taxes- tax cascading - will also be abandoned.

    SOME PROBLEMS ON GST

    1. Does not include petroleum and alcohol products. Heavy loss to the exchequer.

    2. Tax sharing between states and the centre is another bottleneck.

    3. Very high rates compared to current VAT.

  • Current Affairs & GK - 06-03-2017

    1. India's largest Tricolour hoisted on Tallest Flag post at Attari Border.

    2. Indian Navy oldest warship INS VIRAAT, decommissions on March 6 after 30-year service.

    3. Joint Millitary exercise AL NAGAH-II begins between India-Oman in Himachal Pradesh.

    4. Kerala's Vaikom Vijaylakshmi sets record to play Gayathri veena for continous five hours.

    5. SBI to impose penalty on Non-Maintenance of Monthly Average Balance in Accounts from April 1.

    6. Indonesia is hosting the 20th Indian Ocean Rim Association (IORA) summit 2017.

    7. Sam Querrey wins ATP Mexico Open 2017.

    8. Ashwin made a record of most balls bowled in a test season surpassing Anil Kumble.

    9. HDFC bank launches chatbot Eva for customer service.

    10. Former Halti President Rene Preval dead at age 74 .

  • Current Affairs & GK - 05-03-2017

    1. India for first time going to host ICEGOV 2017.

    2. Andy Murray wins 2017 Dubai Tennis Championship men's single title.

    3. West Bengal clinical establishments (Registration, Regulation and Transparency) Bill,2017 passed.

    4. Andhara Pradesh Government has renamed Tirupati Airport as Sri Venkateswara Airport and Gannavaram Airport as NTR Amaravati Airport.

    5. WCCBconducts operation Thunderbirdand Operation Save Kurma to Combat Wildlife Crime.

    6. Haryana Government announces Tirtha Darshan scheme for senior citizen.

    7. India to lead the world in smartphone adoption during 2016-2020: GSMA report.

    8. IRDAI proposes 50% hike in motor insurance premium from April 1.

    9. M P Virendra Kumar presented Moorti devi award.

    10. Baichung Bhutia removed as AIFF advisor .

    11. Aadhaar mandatory for students to get Mid-Day Meal.

  • Current Affairs & GK - 04-03-2017

    1. National Safety Day: 4th March.

    2. Final Draft of Central GST & Integrated GST approved by GST Council.

    3. Senior IAS officer T Jacob appointed as Secretary UPSC .

    4. West Bengal gives official status to Tribal language 'Kurukh' .

    5. P K Purwar appointed MTNL CMD.

    6. Maria Sharapova handed wildcard to participate in the Italian open.

    7. Former Indian cricketer Akash Chopra released book titled 'Numbers Do Lie'.

    8. INHS ASVINI mumbai receives Raksha Mantri's Trophy, named best service hospital in the AFMS.

    9. Assam to host river festival 'Namami Brahmaputra'.

    10. BIRAC regional enterpreneurship centre set up in Bengaluru.

    11. Ministry of Human and Child Development observes Swachta Pakhwada throughout India.

    12. Former MP, diplomat Syed Shahabuddin passes away.

  • Current Affairs & GK - 03-03-2017

    1. National Defence Day: 3rd March.

    2. World wildlife day: 3rd March.

    3. Paneerselvam inaugurates Portal 'Amma Kalviyagam'.

    4. South Korea and United States Begin Annual Military Drill Foal Eagle.

    5. Amjad Hussain B Sial (Pakistan) has become the new Secretary-General of SAARC.

    6. 13th Economic Cooperation Organization (ECO) Summit heldin Pakistan.

    7. Govt directs all banks to provide M-Banking facility to all customers by March 31.

    8. Sri Lanka wins 'Most Popular Tourism Destination Award'.

    9. Dharamshala approved as Himachal Pradesh's 2nd capital.

    10. Aadhaar to be made compulsory on online Railway Ticketing System .

    11. French football legend Raymond Kopa passes away.

    12. Veteran politician, former MP Yumnam Yaima Singh passes away.

  • Current Affairs & GK - 02-03-2017

    1. Kerala's capital Thiruvanthpuram Ranks Best City in Urban Governance Survey.

    2. Kerala tops among all other states in GST registration.

    3. JS Deepak named India's next ambassador to WTO (World Trade Organisation ).

    4. Navy successfully test-fires anti-ship missile from Kalvari submarine.

    5. 100 districts in India declared ODF under Swach Bharat Mission.

    6. AIFF appints Luis Norton de Matos New Head Coach of India U-17 Football Team..

    7. Kripa Bishnoi appointed as International Match Referee by UWW.

    8. EPFO (Employees' Provident Fund Organisation)made Aadhaar Card compulsory for final settlement of pension claims.

    9. Kohli to be first to named as India's best international cricket for the 3rd time. .

    10. Kohli and Ashwin nominated for Polly uMRIGAR and Dilip Sardesai awards respectively.

    11. World women's Chess Championship 2017 Harika wins bronze.

  • Current Affairs & GK - 01-03-2017

    1. Narendra Singh Tomar Launches Swach Shakti Saptah in Haryana.

    2. Shri Sudeep Lakhtakia to hold additional charge as DG CRPF.

    3. CISCO and Reliance Jio to build world's largest All-IP Digital Services Platform.

    4. India Successfully Test-Fires Indegenously Developed Supersonic Interceptor Missile.

    5. Renowned Gujarati writer Tarak Mehta Dies at 87.

    6. 29th International Yoga Festival begins in Rishikesh.

    7. India's Radhanagar beach in Andaman Islands features in top 10, ranks 8 in the world.

    8. Lipstick under My Burkha has won the audience award at the Glasgow Film Festival.

    9. Sanjiv Singh appointed as the Indian Oil Corporation chairman.

    10. MC Chauhan appointed as the GM of North Central Railway.

 
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