Current Affairs

  Minister of Youth Affairs and Sports, Col Rajyavardhan Rathore launched theNational Youth Parliament Festival 2019 at a function in New Delhi. The theme of the festival is- ‘Be the Voice of New India and Find solutions and contribute to policy’. The Ministry has decided to organise the youth festival at every district of the country so that the youth between the age group of 18 to 25 years can participate and discuss and debate about how to make a New India.
Source- AIR World Service

  The Global Innovation Policy Center (GIPC) of United States Chamber of Commerce launched a new innovation strategy at Raisina Dialogue, 2019 in New Delhi. The Initiative is titled as “Fair Value for Innovation”. The Initiative will examine economic underpinnings in order to enable breakthrough innovation and explore the opportunities to harness innovation capital in India and around the globe through research, advocacy, partnerships, and programs. India is the first market where GIPC is launching this new innovation initiative.
Source: Business Standard

  Albie Morkel, the South African all-rounder, announced his retirement from all forms of cricket. Morkel, who played for close to 20 years of professional cricket, made his first-class debut for Easterns against Northerns in the 1999-00 domestic season. Morkel earned a call-up into the South African ODI set-up for the series against New Zealand in 2004 after snaring 12 scalps in List A games in the 2003-04 season.
Source- The Sportskeeda

 Yes Bank, India’s fourth-largest private sector bank, announced the appointment ofBrahm Dutt as non-executive part-time chairman up till July 4, 2020. He is currently also the chairman of the Nomination and Remuneration Committee.  Brahm Dutt has been on Yes Bank’s board since July 2013 as an independent director, and contributed to almost all the sub-committees of the board over the past five and a half years. 
Source- The Economic Times

  Ashok Chawla resigned as chairman of the National Stock Exchange of India Ltd (NSE) with immediate effect “in light of recent legal developments”. Chawla’s resignation came on a day the Central Bureau of Investigation (CBI) told a special court in Delhi that it has obtained the sanction of the ministries concerned to file charges against him and four other former bureaucrats in the Aircel-Maxis case. 
Source- The Livemint

 Taiwan President Tsai Ing-wen has appointed Su Tseng-chang as Prime Minister, during a Cabinet reshuffle following the ruling Democratic Progressive Party’s heavy losses in local elections.  Su is a former premier appointed in 2006 by then-President Chen Shui-bian and was a chairman of Tsai’s Democratic Progressive Party for two terms. His appointment follows the widely-expected resignation of William Lai, the second premier to quit since Tsai took office in 2016. 
Source- News on AIR

  Industrialist and Godrej Group Chairman Adi Godrej was conferred the ICSIs Lifetime Achievement Award for ‘Translating Excellence in Corporate Governance into Reality’.  The awards were instituted by The Institute of Company Secretaries of India (ICSI),which is celebrating its golden jubilee. The 18th ICSI National Awards for Excellence in Corporate Governance were bagged jointly by Cipla Ltd and Dabur India Ltd and five others: ACC Ltd, Hindustan Unilever Ltd, Indian Oil Corp, Tata Metaliks Ltd and Indian Hotels Co Ltd.
Source- devdiscourse

  Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, chaired the 4th meeting of the Council for Trade Development and Promotion (CTDP) in New Delhi.  Suresh Prabhu informed in the meeting that the Government of India has formulated an Agricultural Export Policy for the first time with a focused plan to boost India’s agricultural exports to USD 60 billion by 2022. 
Source- Press Information Bureau (PIB)

 An agreement for Renukaji Dam Multipurpose Project was signed in New Delhi among the States of Uttar Pradesh, Haryana, Himachal Pradesh, Delhi, Rajasthan and Uttarakhand in the presence of Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari. All the six Chief Ministers were present on the occasion. Under the agreement, three storage projects are proposed to be constructed on the river Yamuna and two of its tributaries – Tons and Giri in the hilly regions of Uttarakhand and Himachal Pradesh. In addition to this, a concession agreement was also signed for Namami Gange projects for the city of Prayagraj under Hybrid Annuity Mode and One City One Operator Concept.
Source- The Indian Express

 The 32nd Meeting of GST Council was concluded in New Delhi. The Limit of annual turnover for composition scheme increased to 1.5 crore rupees effective from April 1, 2019. The Council has decided to increase the GST registration threshold limit to 40 lakh rupees from 20 lakh.  The Taxpayers who are giving Services of up to Rs 50 lacs per annum will be taxed under 6% under Composition Scheme. The council has decided to simplify the compliance under the composition scheme.
Source- Press Information Bureau (PIB)


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