Current Affairs 04 November

Current Affairs
   04 November 2016 Current Affairs
 
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GST Council approved GST four rates

GST GST Council has approved four rates. In the area of ​​indirect taxes proposed new Goods and Services Tax (GST) system under the 5, 12, 18 and 28 per cent has been decided to keep the four-tier tax system.

GST rates:

The following rates will apply to goods of general consumption. The 5 per cent.
The higher rate will apply to luxury goods and tobacco as harmful.
With these additional cess will be levied at a higher rate. This is 28 percent.
It will be applied to those goods which are currently 30-31 per cent, including excise and VAT tax.

It has luxury cars, tobacco and cold as well as clean energy cess on the higher rate and compensate for the loss of revenue to the states a new cess will be levied.
Two standard rates are 12 and 18 percent.
The government is aiming to implement the GST from April 2017.
The Central Government has proposed to sleep four per cent GST. The final decision could be taken.

Cereal will be Tax-free:

Inflation, keeping in mind the food required, including consumption of many goods tax free is placed.
From this perspective, all of the items included in the consumer price index by about 50 percentage points will not taxed. They are classified as zero.

Revenue STRUCTRUE:

Finance Minister Arun Jaitley additional cess and clean energy cess including the revenue a separate fund will be kept.
The revenue used to fund a revenue loss to the states will be reimbursed for.
GST is implemented, the system will remain for five years before.
The first year of introduction of the states for revenue loss of Rs 50,000 crore would be required.
GST under the Central Government level, excise duty, service tax and state levied VAT and other taxes of all indirect taxes included will be.
Some items of general consumption in the range of 18 percent would be transferred.
The lost Shmti-
Jaitley as the Goods and Services Tax (GST) to the states of the Council held in the new tax system has become the consensus is almost on the loss.

About GST:

Various goods and services in the country will converge to create a market in the GST. In their place, the tax will be only three.
Central Goods and Services Tax ie CGST
State Goods and Services Tax or SGST
Integrated goods and services tax, or IGST

SGST in the Value Added Tax, or VAT levied on the part of governments, Oktroy and entry tax, purchase tax, luxury tax, taxation of lottery and will receive all cess and surcharge. While trade between the two states will IGST.

CGST in central excise duty levied by the central government, service tax, additional customs duty, special additional customs duty, central sales tax surcharge and cess will find many kinds.

The British High Court bans Breksit

On November 3, 2016 the British High Court ruled that the government can not violate Article 50 of the EU Treaty. According to the decision, without the permission of Parliament, Prime Minister Theresa Mey Breksit process can not begin.

UK High Court decision comes as a shock to the European Union plans to leave. Britain is now the European Union will have to go before voting in Parliament.

The decision of the British High Court during the hearing of a petition filed by citizens against Breksit ruled. The decision of the constitutional balance of power between the government and the Parliament also shows differences.

Earlier, the Prime Minister said he Mey centuries to Article 50 of the Royal British prime minister will exercise the powers. The powers are usually vested in the king but currently are used by MPs in relation to international treaties.

Government's response:

The government has said that the High Court's decision will be challenged in the Supreme Court. It was also said that the whole process will be affected by the decision Breksit. It is estimated that the Supreme Court will hear an application by the Government in December 2016.

Breksit secretary, David Davis, 17.4 million people, according to the government by voting in favor of Breksit the European Union has the right to leave.

Petition in the Supreme Court in case of cancellation

If the Supreme Court has rejected the government's plea to the Prime Minister in Parliament will have to vote. Whatever the decision, it would be valid to them. Currently they have 15 MPs are expected to agree.

Breksit referendum:

The British public in a referendum held on June 24, 2016 by the European Union (EU) voted in favor of leaving. The European Union in a referendum in favor of leaving the EU with 51.9 per cent votes, while 48.1 percent voted to stay. The number of people participating in the referendum in 2015 was more than the number of general elections.

Northern Ireland, London and Scotland has voted to stay with the European Union, while Wales and the English Shaers the European Union agreed to leave.

 

Saudi Arabia awarded Water Prize to eight scientists

Saudi Arabia on November 3, 2016, eight scientists 'Prince Sultan Bin Abdulaziz International Prize for Water' was awarded. The award was presented at the UN headquarters in New York scientists.
Presided over the event, hosted by the United Nations Secretary General Ban Ki-moon and the world body chief Prince Khalid bin Sultan bin Abdulaziz Award Committee of the.
To overcome the problem of water scarcity, the award is granted.

Highlights of the awards:

• Prince Sultan Bin Abdulaziz International Prize for Water is a biennial award.
• The award was established in 2002.
• The purpose of this award work for a solution to the water crisis is to encourage scientists and others.
• Prince Khalid, the awards 'in the whole world to help tackle the problem of water crisis' is a way to tell.

 

Food Security Act came into the country

36 states and union territories in the country's food safety legislation came into force. Kerala and Tamil Nadu, the same month as the food security legislation in force in the state.

Benefits of Food Safety Law
The key to the law applicable in the country needy people will be eligible to cheap government rations.
The Centre will also provide monthly and annual 45.5 tonnes to 1 million 40 thousand state subsidy will states.


Background:

2014 began the process of implementing the law has been. Food law was previously applied only in 11 states. Since then, from time to time in various states began to adopt it.
This month, the process of adopting the legislation of the two states, Kerala and Tamil Nadu in the country has been completed.
Ration to prevent theft and black market across the country are being computerized list of beneficiaries.
80 million people under the Food Security Act is expected to normalize.
Every public grain warehouse entry will be online too.
 

Central government directive:

The central government has made it clear that states should not be sent to the ration subsidy but soon people should wait.
States warned in dire tones in the state governments are struggling Btwane rations through the government ration Bntwaagi post office.

Law was passed in 2013
Food Safety Law was passed in 2013.
Food Security Act, the government per person per month at the rate of one to three per kg, is five kg foodgrains.

Food Security Bill:

Beneficiaries of the scheme has been divided into two priority households (such as people living below the poverty line or BPL) and general family (such as APL or above the poverty line people).
Under the bill, anyone with a government priority category will seven kg of rice and wheat. Three Rs two per kg rice and wheat will be according to.
While normal people at least three kilos of grain support price will be at half price.
In rural areas, 75 per cent of the bill will be leveraging, of which at least 46 per priority class people will be.
Urban areas in the total population, 50 percent of food security to be provided and of which at least 28 per cent of priority categories of people will be.

The amended provision:

63.5 percent of the country under the provisions of the revised draft food security will be provided to the public.
The revised draft pregnant women, lactating women, children, old people and children studying up to Class VIII the cooked food will be provided.
Food Minister of Rs 1,000 per month lactating women shall be given.
There are provisions in the bill, under which the government is due to a natural disaster is not able to provide food security to the beneficiaries in return for his money to be made.

 

Arnab Goswami resigned editor-in-chief of Times Now 

Arnab Goswami of Times Now editor-in-chief of November 1 2016, resigned from the post. They are known for their unique style and aggressive presentation.
They are the News Hour, anchoring the live broadcast of the debate who is at 9 pm every day except on Saturday and Sunday.

Arnab Goswami about:

• Arnab Goswami was born October 9, 1973 in Guwahati.
• He started his career with The Telegraph of Calcutta said. Where he worked in a year as editor of the newspaper.
• In 1995, he began working in the TV where he was a daily news anchors were reporting a program called News Tonight.
• He was also the Senior Editor of NDTV 24x7.
• In 2004, the Asian Television Award for Best News Anchor was awarded.

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