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All India Radio News Summary: 30 AUGUST 2017


All India Radio News Summary: 30 AUGUST 2017


  1. GST collections exceeded the revenue target for the first month

The goods and services tax, GST, launched on the 1st of July, has got off to a good start, with collections exceeding the revenue target for the first month.

  • Finance Minister said that it seems comfortable, the redline has been crossed in the first month itself.
  • He said taxes worth 92,283 crore rupees were collected in July from just 64.42 per cent of the total taxpayer base and not many had thought it would happen.
  • The finance minister added that even after the compensation cess is excluded, the target will still be surpassed when all taxpayers file returns.

 

  1. Prime Minister says, apprehensions about GST have proved wrong; reviews progress of nine infrastructure projects worth 56 thousand crore rupees

Prime Minister today said, the apprehensions about GST have been proved wrong, and a smooth transition has happened.

  • In his interaction through PRAGATI, PM asked all the Chief Secretaries to further boost efforts to increase registration under GST, and achieve a quantum jump in this regard within a month.
  • PM reviewed the progress towards handling and resolution of grievances related to patents and trademarks.
  • He asked the concerned officers to work towards further expediting their processing.
  • He emphasized upon the importance of using latest available technology to streamline the process, and reach global standards in this regard.
  • The Prime Minister also reviewed the progress of nine vital infrastructure projects worth over 56 thousand crore rupees in the railway, road, power, and oil pipeline and health sectors, spread over several states. The projects include the Delhi Mumbai Industrial Corridor and construction of four new AIIMS.
  • Reviewing the progress of Smart City Mission, he appreciated the participation of cities in the challenge route.
  • He said the challenge before everyone now is to ensure implementation and expeditious completion of work in the 90 identified cities.

 

  1. Launch of the Indian regional navigation satellite system payload IRNSS-1H

The 29-hour countdown for the launch of the Indian regional navigation satellite system payload IRNSS-1H begins at 2 pm today.  

  • The polar satellite launch vehicle PSLV C-39 is set to insert the navigation satellite into an elliptical sub-geosynchronous transfer orbit after its lift off at 1900 hours tomorrow.
  • The PSLV-C39 this time has a single payload to carry, to the elliptical sub-geosynchronous transfer orbit.
  • Given the heavy lift off mass of the satellite IRNSS-1H and the nature of its orbit, the rocket is made in its extended version carrying 6 strap-on motors to provide additional thrust.
  • The satellite once inserted in the transfer orbit will be raised further to its designated path by way of ground-based manoeuvres.
  • It will join 6 of its other peers in space to provide
    • accurate position information,
    • helping in transport fleet management,
    • locating addresses like restaurants, hospitals, bus stops or picnic spots and
    • Warning fishermen when they approach international maritime boundary lines.

 

  1. Deadline to furnish Aadhaar is extended to avail benefits of social welfare schemes

The Centre today told the Supreme Court that it will extend the deadline to furnish Aadhaar to avail benefits of social welfare schemes till 31st December.

Attorney General told this to a bench, headed by Chief Justice Dipak Misra, after which the court said, it would hear a batch of petitions on Aadhaar-related matters in November.

  • The apex court bench said, there was no urgency to hear the matter as the Centre will extend the deadline.
  • A nine-judge Constitution bench of the court had declared the Right to privacy as a Fundamental right. It had said that Right to privacy is protected as an intrinsic part of the right to life and personal liberty under Article 21 and as a part of the freedoms guaranteed by Part III of the Constitution.
  • The apex court is hearing three separate petitions challenging government’s notification making Aadhaar mandatory for availing benefits of various social welfare schemes.

 

  1. Challenging validity of the Real Estate (Regulation and Development) Act (RERA)

The Supreme Court today agreed to hear the Centre’s petition seeking transfer of various pleas, which are challenging validity of the Real Estate (Regulation and Development) Act (RERA) to the Delhi High Court.

  • The Centre told the apex court bench, headed by Chief Justice Dipak Misra, that 21 petitions challenging the validity of the Act are pending in various high courts across the country. 
  • It told the bench that the petitions should be transferred to the Delhi High Court for adjudication of these matters. The bench agreed to hear the Centre’s plea and fixed it for hearing on Monday next week.

 

The central Real Estate (Regulation and Development) Act came into effect on 1st May this year, a year after it was passed by Parliament. Under the act, each state and union territory will have its own Regulatory Authority which will frame regulations and rules as per the Act.

 

  1. Startup Yatra programme in Lucknow

The Uttar Pradesh government will provide financial assistance of 15,000 rupees per month and maximum 10 lakh rupees in a year to those who will begin startups.

  • Government will sign a MoU with SIDBI regarding this within a fortnight. Inaugurating the Startup Yatra programme in Lucknow, the Chief Minister said, the government will launch a mobile application and also start a call centre for startups.
  • He also said, his government will implement one district, one product policy to create more employment opportunities.
  • Under the policy, the government will appoint one person in each district of the state who with the use of technology will develop a brand product and connect it with the concerned district.

 

 

  1. Almost 99 per cent of banned 500 and 1000 rupee notes have returned to the system

The Reserve Bank of India in its annual report has said that almost 99 per cent of banned 500 and 1000 rupee notes, that were demonetised last November, have returned to the system.

  • The report said that out of 632 crore pieces of 1,000 rupee currency notes in circulation, 8.9 crore have not been returned post the note ban last November.
  • On the cost of printing of currency notes, the RBI in its report said that it more than doubled in the year 2016-17 as compared to the previous year on account of new currency printing.
  • The government had on November 8th, banned old Rs 500 and Rs 1,000 notes in an attempt to weed out black money in the country. The government replaced old Rs 500 notes with new ones, but no replacement for Rs 1000 notes has been made. Instead, a new Rs 2,000 note was introduced post note ban. Besides, new Rs 500 and Rs 2000 notes, the RBI has also printed new 200 rupees notes.
  • Finance Minister today said the government has been successful in  achieving the objective of  demonetization including  digitization, expansion of tax base, blow to terrorism and  promotion of less cash economy.  
  • The confiscation of money was not the objective of note ban.

 

  1. Ordinance to amend the Goods and Services Tax (Compensation to States) Act 2017

The Union Cabinet today approved promulgation of an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act 2017.

  • The approval would allow increasing the maximum rate at which the compensation cess can be levied from 15 to 25 per cent.
  • The increased cess will be levied on motor vehicles for transport of not more than thirteen persons, including the driver.
  • The Cabinet also approved norms for establishing equivalence of posts in Central PSUs, banks and insurance institutions with posts in government for claiming benefit of OBC reservation.

 

  1. Government has decided to carry out a series of reform initiatives in the Indian Army

Government has decided to carry out a series of reform initiatives in the Indian Army, including restructuring of around 57,000 posts of officers and other staff.

  • Defence Minister told that 65 out of 99 recommendations of the Shekatkar Committee pertaining to army have been accepted.
  • Government in consultation with India Army has been going through these recommendations and the first batch of 65 recommendations has been accepted by the government.
  • The reforms which have been approved by the Defence Ministry  include
    • Restructuring of various repair bases of the Army besides   ensuring structural improvement of the National Cadet Corps (NCC).
    • Closure of Military Farms and Army postal establishments in peace locations and
    • Improving standards for recruitment of clerical staff and drivers in the Army are also the part of the reforms.
    • The restructuring is aimed at enhancing Combat Capability in a manner so that the personnel can be used for improving operational preparedness and civilians can be redeployed in different wings of the Armed Forces for improving efficiency.