Current Affairs 04 NovemberCurrent Affairs
04 November 2016 Current Affairs
GST Council approved GST four rates
GST GST Council has approved four rates. In the area of â€‹â€‹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.
The following rates will apply to goods of general consumption. The 5 per cent.
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.
Cereal will be Tax-free:
Inflation, keeping in mind the food required, including consumption of many goods tax free is placed.
Finance Minister Arun Jaitley additional cess and clean energy cess including the revenue a separate fund will be kept.
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.
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.
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.
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.
Highlights of the awards:
• Prince Sultan Bin Abdulaziz International Prize for Water is a biennial award.
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
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.
The central government has made it clear that states should not be sent to the ration subsidy but soon people should wait.
Law was passed in 2013
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).
The amended provision:
63.5 percent of the country under the provisions of the revised draft food security will be provided to the public.
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.
Arnab Goswami about:
• Arnab Goswami was born October 9, 1973 in Guwahati.