Current Affairs & GK Weekly One Liners 24th to 30th of June 2024

53rd GST Council Meeting

53rd GST Council Meeting chaired by Union Finance Minister Smt. Nirmala Sitharaman, covering significant recommendations regarding GST rates, trade facilitation measures, and compliance improvements:

Key Recommendations and Decisions:

Changes in GST Tax Rates on Goods:

1. Aircraft Parts: A uniform 5% IGST rate will apply to aircraft parts and tools to boost MRO activities.
2. Milk Cans: GST rate set at 12% on steel, iron, and aluminum milk cans.
3. Paper Products: GST on cartons, boxes, and cases reduced from 18% to 12%.
4. Solar Cookers: GST rate of 12% will apply to all solar cookers.
5. Poultry Keeping Machinery: Amendment to include “parts of poultry keeping machinery” under 12% GST.
6. Sprinklers: All sprinklers, including fire water sprinklers, will attract 12% GST.
7. Defence Forces Exemptions: IGST exemption extended on defense imports for five years, until June 2029.
8. SEZ Imports Exemption: Compensation Cess exemption on SEZ imports for authorized operations, retroactive from 2017.
9. Miscellaneous: Exemptions include items for Indian Defence and documentation for AK-203 rifle kits.

Changes in GST Tax Rates on Services:

1. Indian Railways Exemption: Public services like platform tickets, cloakroom services, and retiring rooms will be GST-exempt.
2. SPV Services Exemption: Services provided by Special Purpose Vehicles (SPVs) to Indian Railways are exempt during the concession period.
3. Accommodation Services Exemption: Accommodation services up to Rs. 20,000 per month for a minimum of 90 continuous days will be exempt.
4. Re-insurance Services: Clarifications regarding insurance and reinsurance transactions, making some transactions “no supply.”
5. RERA Statutory Collections: Collections by Real Estate Regulatory Authorities (RERA) are GST-exempt.
6. Incentive Sharing: Incentive-sharing under RuPay and BHIM-UPI is not taxable.

Trade Facilitation and Compliance Measures:

1. Waiver for Past Years: Conditional waivers of interest and penalties for FY 2017-18 to FY 2019-20.
2. Reduction in Litigation: Prescribed monetary limits for appeals to reduce litigation.
3. GST Appellate Tribunal: Time extensions and reductions in pre-deposit amounts for ease in filing appeals.
4. Extra Neutral Alcohol (ENA): GST is excluded for ENA used for manufacturing alcoholic beverages.
5. Electronic Commerce Operators (ECOs): TCS rate reduced to 0.5%.
6. Section 11A Insertion: Regularization of common trade practices related to non-levy or short-levy of GST.

Clarifications and Miscellaneous:

1. Valuation of Services and Corporate Guarantees: Clarifications provided for import of services and valuation of corporate guarantees between related parties.
2. Place of Supply for Custodial Services: Determined under Section 13(2) of IGST Act for services provided to Foreign Portfolio Investors.
3. ITC and RCM Invoices: Guidelines for availing input tax credit and clarifications on reverse charge mechanism (RCM).

Additional Recommendations:

1. Biometric Aadhaar Authentication: Pan-India rollout in a phased manner for GST registration.
2. Anti-Profiteering: Introduction of a sunset clause for anti-profiteering provisions.
3. Threshold Reduction for Reporting B2C Supplies: Threshold for reporting B2C inter-State supplies reduced to Rs. 1 lakh.
4. Refund Mechanism: Prescription of refund procedures for additional IGST paid on exports.

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Centre Notifies Anti-Paper Leak Law Amid NEET, NET Row

The Centre has enacted the Public Examinations (Prevention of Unfair Means) Act, 2024 in response to widespread paper leak scandals surrounding major competitive exams like NEET and UGC-NET. The law, effective from June 21, 2024, introduces severe penalties to curb cheating in public exams. Key provisions include 3 to 5 years of imprisonment for cheating, and 5 to 10 years for organized cheating, along with fines up to Rs 1 crore.

Context and Reaction:

• This law was introduced following major controversies, including the UGC-NET 2024 paper leak affecting over 9 lakh candidates. The Congress criticized the law as “damage control” and called for proactive preventive measures.
• The scandal also impacted other exams like NEET and CSIR-UGC NET, leading to the postponement of the latter, scheduled for June 25-27, 2024.

Government’s Response:

• The CBI registered an FIR to investigate cheating and criminal conspiracy related to the allegations.
• The NTA has been instructed by the education ministry to enhance preventive measures for future exams.

Implications:

This law represents the government’s commitment to preserving the integrity of public exams, though it has triggered political debate regarding the timing and effectiveness of the move.

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National Affairs

1. Amit Shah Launches Fast Track Immigration – Trusted Traveller Programme at IGI Airport

Union Home Minister Amit Shah inaugurated the ‘Fast Track Immigration – Trusted Traveller Programme’ at Terminal-3 of Indira Gandhi International Airport, New Delhi, on June 22. This initiative is aimed at expediting the immigration process for frequent international travelers. The launch event was attended by the Union Home Secretary and several dignitaries. The program seeks to enhance the efficiency of immigration services, making travel smoother for vetted passengers.

3. Jagat Prakash Nadda Appointed Leader of the House in Rajya Sabha

Jagat Prakash Nadda, President of the Bharatiya Janata Party (BJP), was appointed as the Leader of the House in the Rajya Sabha. Nadda replaces Union Minister Piyush Goyal, who recently won the Lok Sabha election and took oath as a member of the Lower House of Parliament on June 24. Nadda’s appointment reflects the BJP’s strategy in Parliament ahead of key legislative sessions.

4. Om Birla Re-elected as Speaker of 18th Lok Sabha

Om Birla was re-elected as the Speaker of the 18th Lok Sabha, marking a significant moment in Indian democracy. His re-election underscores the continuity of parliamentary leadership and affirms the strength of India’s democratic institutions. Birla’s leadership is expected to continue shaping the functioning of the Lower House of Parliament.

5. Ministry of Coal Launches India’s First Underground Coal Gasification Pilot Project in Jharkhand

In a pioneering move, the Ministry of Coal launched India’s first-ever pilot project for Underground Coal Gasification at the Kasta coal block in Jamtara District, Jharkhand. The initiative is led by Eastern Coalfields Limited (ECL) and aims to revolutionize the coal industry by extracting coal gas without traditional mining methods. This project represents a step towards sustainable and innovative use of coal resources.

7. Government Amends Central Civil Services Rules to Include Maternity and Paternity Leave for Surrogacy

The government amended the Central Civil Services (Leave) Rules, 1972, to extend 180 days of maternity leave to commissioning mothers opting for surrogacy. The revision also grants 15 days of paternity leave to commissioning fathers. This marks a significant shift from the previous 50-year-old regulation, allowing greater support for parents through surrogacy arrangements, especially for those with fewer than two surviving children.

8. RPF Director General Manoj Yadava Unveils Sangyaan App for Criminal Acts Education

Manoj Yadava, Director General of the Railway Protection Force (RPF), launched the Sangyaan App, designed by the RPF Tech Team. This app provides detailed information about three new Criminal Acts: the Bharatiya Nyaya Sanhita (BNS) 2023, the Bharatiya Nagarik Suraksha Sanhita (BNSS) 2023, and the Bharatiya Sakshya Adhiniyam (BSA) 2023. The app is part of the RPF’s modernization drive to enhance legal knowledge among its personnel.

9. India Contributes USD 1.17 Million to ‘Hindi @ UN’ Project

The Government of India made a significant contribution of USD 1,169,746 to the ‘Hindi @ UN’ project, aimed at promoting the use of Hindi in the United Nations. This is part of India’s ongoing efforts to expand the use of Hindi on global platforms and strengthen its presence in international institutions.

10. Central Railway Installs First-of-Its-Kind Floating Solar Plant in Igatpuri Lake

The Central Railway took a bold step towards clean energy by installing a floating solar plant of 10 MWp capacity in Igatpuri Lake, located in the Western Ghats. This initiative, the first of its kind by Indian Railways, showcases their commitment to renewable energy. It contributes to reducing carbon footprints while ensuring energy supply for traction requirements.

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States in the News

2. Kozhikode Becomes India’s First UNESCO City of Literature

On June 23, 2024, Kozhikode (Calicut), a city in Kerala, became the first UNESCO City of Literature in India. This prestigious recognition celebrates the city’s rich literary traditions and contributions to the cultural heritage of India, emphasizing its significance in the global literary community.

3. Uttar Pradesh to Establish World’s First Asian King Vulture Conservation Centre

Uttar Pradesh announced plans to create the world’s first Asian King Vulture (Red-headed Vulture) Conservation and Breeding Centre in Maharajganj. The centre, named Jatayu Conservation and Breeding Centre, will focus on improving the population of this critically endangered species, which has been listed in the IUCN Red List since 2007.

4. Reservation for Backward Classes in Haryana’s Group-A and Group-B Jobs Increased to 27%

Nayab Singh Saini, a prominent politician from Haryana, announced that the reservation quota for backward classes in Group-A and Group-B posts in the state would be increased from 15% to 27%. This move aligns Haryana’s policy with that of the Central government and aims to provide more opportunities for the OBC community.

7. Uttar Pradesh Government Plans Bioplastic Park in Lakhimpur Kheri

The Uttar Pradesh government announced plans to establish a Bioplastic Park in Lakhimpur Kheri district. This project aims to address environmental concerns related to plastic pollution while simultaneously boosting the local economy through the production of biodegradable plastic alternatives.

8. Pench Tiger Reserve in Maharashtra Introduces AI-Based Forest Fire Detection System

The Pench Tiger Reserve in Maharashtra has implemented an advanced Artificial Intelligence (AI) system for early detection of forest fires. This system combines AI technology with traditional conservation methods to protect the forest ecosystem, marking a significant advancement in wildlife and forest management practices.

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International Affairs

1. India Announces E-Medical Visa Facility for Bangladeshi Nationals

Prime Minister Narendra Modi announced the launch of an e-medical visa facility for Bangladeshi nationals seeking medical treatment in India. Additionally, India plans to open a new consulate in Rangpur, Bangladesh, to enhance services for residents in the northwest region, further strengthening bilateral ties.

3. Paraguay Becomes 100th Member of International Solar Alliance (ISA)

Paraguay officially joined the International Solar Alliance (ISA) as its 100th full member, representing a significant step in global cooperation on solar energy. The Ambassador of Paraguay, H.E. Mr. Fleming Raul Duarte, handed over the Instrument of Ratification to India’s Joint Secretary Shri Abhishek Singh during a meeting in New Delhi.

4. Denmark to Introduce Livestock Emissions Tax in 2030

Denmark announced plans to implement a livestock emissions tax by 2030, becoming the first country to do so. The tax will target methane emissions from cows, sheep, and pigs, which are significant contributors to global warming. The initiative aims to help Denmark meet its goal of reducing greenhouse gas emissions by 70% from 1990 levels by 2030.

6. Turkey Removed from FATF Grey List

Turkey’s Finance Minister Mehmet Simsek announced that Turkey has been removed from the FATF (Financial Action Task Force) grey list after improvements in addressing money laundering and terrorist financing concerns. The decision was made during an FATF plenary meeting in Singapore, marking a significant achievement for Turkey, which had been on the list since 2021.

7. Former Portuguese Prime Minister Antonio Costa Appointed President of the European Council

Former Portuguese Prime Minister Antonio Costa has been appointed as the President of the European Council, the second highest position in the European Union (EU). Additionally, Ursula von der Leyen has been reinstated for a second term as the President of the European Commission, continuing her leadership within the EU.

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Agreements/MoUs Signed

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Books and Authors

Release of ‘Gateways to the Sea: Historic Ports and Docks of Mumbai Region’ by Maharashtra Governor

Maharashtra Governor Shri Ramesh Bais released a book titled ‘Gateways to the Sea: Historic Ports and Docks of Mumbai Region’, which explores the region’s rich maritime history, from ancient to modern times. The book provides insights into the evolution of Mumbai’s ports and docks, emphasizing their importance in trade, culture, and development throughout history.

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Appointments/Resignations

2. Paul Thomas Elected as Chairperson of Sa-Dhan

Paul Thomas, MD & CEO of ESAF Small Finance Bank, has been elected as the Chairperson of Sa-Dhan, the association representing microfinance and impact finance institutions in India. He previously served as the co-chair of the association.

3. Gaurav Banerjee Appointed as Managing Director and CEO of Sony Pictures Networks India

Former Disney executive, Gaurav Banerjee, will be taking over as the Managing Director and CEO of Sony Pictures Networks India, effective on or before August 26, 2024. He will succeed N. P. Singh, who will transition to the role of Non-Executive Chairman after a 25-year tenure.

5. Girija Subramanian Appointed CMD of New India Assurance

Girija Subramanian has been appointed as the Chairman and Managing Director (CMD) of New India Assurance, India’s largest general insurer. She took over the role on June 19, 2024.

7. Aksha Mohit Kamboj Appointed Vice President of India Bullion Jewellers Association (IBJA)

Mrs. Aksha Mohit Kamboj has been appointed as the Vice President of the India Bullion Jewellers Association (IBJA), making history as the first woman to hold this prestigious position in the gold and jewellery sector.

8. Mark Rutte Appointed Secretary General of NATO

Outgoing Dutch Prime Minister, Mark Rutte, has been appointed the next Secretary General of NATO (North Atlantic Treaty Organization). His appointment comes as the alliance faces new geopolitical challenges.

10. Vikram Misri Appointed as Foreign Secretary

Deputy National Security Advisor, Vikram Misri, will take over as Foreign Secretary of India on July 15, 2024. A former Indian ambassador to China, he will succeed Vinay Mohan Kwatra in the role.

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Defence News

1. Indian Army’s MCTE and SAMEER Sign MoU for Next-Gen Wireless Technologies

The Military College of Telecommunication Engineering (MCTE) and the Society for Applied Microwave Electronics Engineering & Research (SAMEER) have signed an MoU to collaborate on developing Next Generation Wireless Technologies for the Indian Army. This partnership aims to enhance communication systems within military operations.

3. DRDO Hands Over MR-MOCR to Indian Navy

The Defence Research and Development Organisation (DRDO) has handed over the Medium Range-Microwave Obscurant Chaff Rocket (MR-MOCR) to the Indian Navy. This innovative technology creates a microwave obscurant cloud, offering effective protection against threats using radio frequency seekers.

4. Jaipur Military Station Opens Road Made from Plastic Waste

The Jaipur Military Station has become the second in India to build a road using plastic waste. The 100-meter-long road, inaugurated by Major General R.S. Godara, stretches from Sagat Singh Road under the bridge to Cubs Corner complex, showcasing sustainable infrastructure development.

6. DRDO Successfully Completes Development Trials of HEAT ‘ABHYAS’

The Defence Research and Development Organisation (DRDO) successfully completed six consecutive development trials of the High-Speed Expendable Aerial Target (HEAT) ‘ABHYAS’ at the Integrated Test Range (ITR) in Chandipur, Odisha. The trials included improved booster configurations, demonstrating advancements in aerial target technology.

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Awards and Recognitions

1. Universal AI University Appoints Simon Mak as Vice-Chancellor

India’s first artificial intelligence university, Universal AI University (UAIU), has appointed Simon Mak, an international strategist and award-winning professor, as its vice-chancellor. This appointment is historic as Mak becomes the first non-Indian to serve as the founding vice-chancellor of an Indian institution, paving the way for international collaboration in AI education.

2. GRSE Wins Sustainable Governance Champion Award

Garden Reach Shipbuilders & Engineers (GRSE) Ltd. has been awarded the Sustainable Governance Champion Award at the Outlook Planet Sustainability Summit & Awards 2024. This accolade acknowledges GRSE’s strong commitment to sustainable practices and excellence in governance, reinforcing its role as a leader in environmentally responsible shipbuilding.

4. Dr. Usha Thakur Honored with Vishwa Hindi Samman

In a celebration of the cultural and linguistic ties between India and Nepal, Dr. Usha Thakur has been awarded the 12th Vishwa Hindi Samman. This prestigious recognition acknowledges her outstanding contributions to Hindi literature and her dedicated efforts in strengthening the relationship between the Hindi and Nepali languages.

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International Conferences and Summits

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2. India to Participate in Shanghai Cooperation Organisation Summit

External Affairs Minister S. Jaishankar will represent India at the annual summit of the Shanghai Cooperation Organisation (SCO), scheduled to take place in Astana on July 3 and 4. This summit is anticipated to focus on the regional security situation and explore strategies to enhance connectivity and trade among member states, underscoring India’s active role in regional diplomacy and cooperation.

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Ranks and Reports

Foreign Direct Investment in India

According to the United Nations Conference on Trade and Development (UNCTAD), foreign direct investment (FDI) to India experienced a significant decline of 43% in 2023 compared to 2022. This downturn has resulted in a drop in India’s global ranking, placing it at 15th among FDI recipients worldwide. This decline is part of a broader global trend, as overall FDI fell by 2% across the globe during the same period.

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Sports News

• Bajrang Punia Suspended Again:
  Olympic bronze medalist wrestler Bajrang Punia has been suspended by the National Anti-Doping Agency (NADA) for a second time due to his refusal to provide a urine sample during selection trials. This suspension follows the revocation of his previous one over procedural issues. Punia’s legal team plans to challenge this suspension, asserting that he did not refuse to provide a sample but was seeking clarification on the expired kits used previously.

• Max Verstappen Triumphs in Spain:
  In a thrilling display of skill and strategy, Max Verstappen secured victory at the Spanish Grand Prix, further solidifying his position at the top of the Formula 1 drivers’ championship.

• Indian Archers Excel at World Cup Stage 3:
  The Archery World Cup 2024 Stage 3 in Antalya, Turkey, concluded on June 23, 2024, with Indian archers showcasing exceptional skills. Dhiraj Bommadevara, a 22-year-old athlete, emerged as a star performer by securing two bronze medals in recurve events.

• Indian Wrestlers Shine at U-17 Asian Championships:
  Indian wrestlers concluded their campaign at the Under-17 Asian Wrestling Championship 2024 with an impressive tally of 11 medals, including four gold, two silver, and five bronze. The event was held in Amman, Jordan, from June 22-24, 2024.

• Pat Cummins Achieves Hat-Trick Record:
  Pat Cummins made history on June 23 by becoming the first player to achieve two hat-tricks in T20 World Cups during the Super 8 clash between Australia and Afghanistan in St. Vincent. He claimed the wickets of Rashid Khan, Karim Janat, and Gulbadin Naib.

• Shafali Verma Breaks Records:
  In a remarkable match at Chennai’s Chepauk Stadium, young Indian opener Shafali Verma made history with a record-breaking double century against South Africa in a one-off Test match.

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Schemes and Committees News

• Introduction of “One Week One Theme” Campaign:
  Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, launched the “One Week One Theme” (OWOT) campaign on June 24. This initiative aims to showcase recent success stories of India across various fields of science and technology.

• Opening of ‘Bharatiya Gyan Parampara’ Centers:
  Chief Minister Mohan Yadav announced the establishment of ‘Bharatiya Gyan Parampara’ centers in every PM College of Excellence in Madhya Pradesh, set to commence on July 1 across all 55 districts.

• Morgan Stanley Praises PM Gati Shakti Scheme:
  In a recent report, the American multinational investment bank Morgan Stanley praised the PM Gati Shakti scheme. The report highlights the increase in targeted investments and emphasizes continued focus on infrastructure spending as a crucial element of India’s future development.

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Science and Technology News

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Important Days News

International Olympic Day (June 23rd): Celebrates the Olympic spirit and promotes sports. The 2024 theme is “Let’s Move and Celebrate.”

International Day of Women in Diplomacy (June 24th): Highlights the role of women in diplomacy and peacebuilding.

International Day in Support of Victims of Torture (June 26th): Shows solidarity with victims of torture.

MSME Day (June 27th): Focuses on the impact of small businesses. The 2024 theme is “Leveraging Power and Resilience of MSMEs to Accelerate Sustainable Development.”

Commonwealth Short Story Prize Winner (June 27th): Sanjana Thakur, a writer from Mumbai, wins for her story Aishwarya Rai.

International Pineapple Day (June 27th): Celebrates the tropical fruit.

National Insurance Awareness Day (June 28th): Encourages awareness of the importance of insurance.

International Day of the Tropics (June 29th): Raises awareness about tropical regions and their role in the ecosystem.

National Statistics Day (June 29th): Celebrated in India to honor statistician Prasanta Chandra Mahalanobis.

International Asteroid Day (June 30th): Increases public awareness about asteroid risks.

International Day of Parliamentarism (June 30th): Highlights the importance of parliaments in governance.

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Obituaries News

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Miscellaneous News

• Full Functional Literacy in Ladakh:
  According to the Union Ministry of Education, the Union Territory of Ladakh has achieved full functional literacy under the ULLAS-Nav Bharat Saaksharta Karyakram. Ladakh now boasts over 97 percent literacy. This milestone was announced by Lieutenant Governor Dr. B.D. Mishra on June 25, 2024, at a function held in Sindhu Sanskritik Kendra (SSK), Leh.

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Static GK

Andhra Pradesh

• Capital: Amaravati
• Chief Minister: N. Chandrababu Naidu
• Governor: S. Abdul Nazeer
• Previous State Name: United Andhra Pradesh
• Bifurcation Date: 1 October 1953 (from Madras Presidency)
• State Bird: Rose-ringed parakeet

Bangladesh

• Capital: Dhaka
• Currency: Bangladeshi Taka
• Prime Minister: Sheikh Hasina
• President: Mohammed Shahabuddin

UNCTAD (United Nations Conference on Trade and Development)

• Established: 1964
• Headquarters: Geneva, Switzerland

International Maritime Organization

• Headquarters: London, United Kingdom
• Founded: 17 March 1958
• Secretary-General: Arsenio Dominguez

State Bank of India (SBI)

• Chairman: Dinesh Kumar Khara
• Established: 1 July 1955
• Headquarters: Mumbai, Maharashtra, India

Madhya Pradesh

• Chief Minister: Mohan Yadav
• Governor: Mangubhai C. Patel

Haryana

• Capital: Chandigarh
• Chief Minister: Nayab Singh Saini
• Governor: Bandaru Dattatreya

International Sugar Organization

• Chairman: Sanjeev Chopra
• Headquarters: London, United Kingdom
• Established: 1968

Kotak Mahindra Bank

• Chairman: Uday Kotak
• Established: 1985
• Headquarters: Mumbai, Maharashtra, India

Ladakh

• Capital: Leh
• Lieutenant Governor: Dr. B.D. Mishra

NATO

• Founded: 4 April 1949, Washington, D.C., United States
• Headquarters: Brussels, Belgium

Denmark

• Capital: Copenhagen
• Official Language: Danish
• Prime Minister: Mette Frederiksen

Kazakhstan

• Capital: Astana
• Prime Minister: Oljas Bektenov
• President: Kassym-Jomart Tokayev
• Currency: Kazakhstani Tenge
• Official Language: Kazakh

Nepal

• Prime Minister: Pushpa Kamal Dahal
• President: Ram Chandra Paudel
• Capital: Kathmandu
• Currency: Nepalese Rupee

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