www.tnpsc.academy – TNPSC Current Affairs – Oct.19, 2016 (19/10/2016)Download as PDF
Topic : Econimics – Current socio – economic problems
Rate structure for GST
The Center has proposed four slab rate structure for the Goods and Service Tax (GST) at a meeting of the GST council.
The rate structure ranged from zero to 26 per cent.
What structure has proposed ?
Zero per cent on health, food and educational services.26 per cent on luxury items like fast moving consumer goods and consumers durable. Above 26 percent for ultra luxury items like big cars and demerits goods like tobacco products.
What is GST?
GST is the one direct tax for the whole nation, which will make India one unified common market. It is a single tax on the supply of goods and services, right from the manufacturer to the consumer.
Benefits of GST:
Due to use of IT structure for tax collection method in GST, it is easy for center and state to administer the tax collection.
It reduces the cost of collection of tax revenues of the Government, that will lead to higher revenue efficiency.
For consumers, it reduces the overall tax burdens. And it will gives the single and transparency on the tax to even the final consumers.
Topic : History – Eminent person in news & Political Sceince – Political parties in India
New Political party of Irom Sharmila
Irom Sharmila started a new political party which is named as People Resurgence and Justice Alliance (PRJA).
She will contest on the 2017 Assembly polls in Manipur.
About Irom Sharmila:
Irom Sharmila is from Manipur. She is also called as ‘Iron Lady’ or Mengoubi.
She is civil rights activists, political activists and also a poet.
Her Collection of poems were published as ‘ Fragrance of Peace’ in English from Meiteilon.
She began a hunger strike on 200 and ends it on August 9, 2016. She has been called as “World’s longest hunger striker” due to her 16 years of hunger strike against Armed Power Special Power Act (AFSPA) in Manipur.
On 2014 International Women’s Day, She was voted the top woman icon of India by MSN poll.
Armed Power Special Power Act are acts of Parliament of India that grants special power to the Indian armed force to search properties without warrant, to arrest people, and to use deadly force if there is any reasonable suspicion on any person who is against the state.
AFSPA is an act which passed on 1958 on Naga Hills amd then passed to seven sister states in northeast India.
On 1983, this act applicable to Punjab and Chandigarh and was withdrawn after 14 years, on 1997.
On 1990, this act was passed on Jammu and Kashmir and its in force still now.
Topic : Political Sceince – Welfare oriented Govt schemes, their utility
National SC / ST Hub and Zero defect and Zero effect (ZED) scheme
Prime minister of India launched National SC / ST and ZED scheme for micro, small and medium enterprises (MSMEs) at Ludhiana in Punjab.
He also presented the National awards to MSMEs and distributed 500 traditional wooden chakras (Spinning wheel) among women.
About National SC / ST Hub:
This scheme is to encourage the entrepreneurs from SC / ST to effectively participate in preparing and processing of goods.
This scheme is to develop economic progress of India by using an effective clean technology to produce quality standard products by MSMEs in India.
Topic : Policy on Environment and Ecology
Noise emission level of vehicles
The ministry of Road and transport highways has said from April 2017, all vehicle manufacturers will have to provide emission details of each vehicle in the revised Form 22.
The Form 22 which includes pollutant emission like specify the levels of each pollutants such as carbon mono oxide, hydro carbon, non methane HC, Nox, HC + NOx, Pm for petrol and diesel vehicles and also sound level for horn and pass-by noise values.
Topic : Political Sceince – Govt Projects
Hydro power stations
Prime Minister of India inaugurated three hydro power station at Mandi in Himachal Pradesh.
The three stations are, koldam hydro electric project, Parbati hydro electric project, Rampur hydro electric project.
Koldam hydro electric project:
It is 800 MW hydro power station of Nation Thermal Power Corporation (NTPC).
Parbati hydro electric project:
It is 530 MW hydro power station of National Hydro Power Corporation (NHPC).
Rampur hydro electric project:
It is 420 MW hydro power station of Sutlej Jul Vidyut Nigam (SJVN).
Significance of this Project:
As it is a renewable energy projects, will decreases the emission of carbon and reduces pollution.
This project will give 13 per cent free power to the State of Himachal Pradesh.