January 9,2019

Quiz January 08, 2019
January 9, 2019
Quiz January 09, 2019
January 10, 2019

Current Affairs for Engineering Service Exam

 Topics list:

  1. National and International Issues on
    1. Economic Development
    2. Social Development
    3. Industrial Development
  2. Energy and Environment
    1. Energy
    2. Environment
  3. Information and Communication Technology
    1. Technology
    2. Application
  1. General Knowledge

Topic 1:Economic development

National Anti-Profiteering Authority

The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the recipient by way of commensurate reduction in prices.

Steps taken:

  • Holding regular meetings with the Zonal Screening Committees and the Chief Commissioners of Central Tax to stress upon consumer awareness programmes.
  • Launching a helpline to resolve the queries of citizens regarding registration of complaints against profiteering.
  • Receiving complaints through email and NAA portal.
  • Working with consumer welfare organizations in order to facilitate outreach activities.

About The National Anti-profiteering Authority:

  • It is the institutional mechanism under GST law to check the unfair profit-making activities by the trading community.
  • The Authority’s core function is to ensure that the benefits of the reduction is GST rates on goods and services made by GST Council and proportional change in the Input tax credit passed on to the ultimate consumers and recipient respectively by way of reduction in the prices by the suppliers.
  • The Authority’s main function is to ensure that traders are not realizing unfair profit by charging high price from consumers in the name of GST.
  • The responsibility of NAA is to examine and check such profiteering activities and recommend punitive actions including cancellation of Registration.

Read more at: PIB

Powers of Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) regulates and supervises Public Sector And Private Sector Banks.

Powers:

  • inspect the bank and its books and accounts
  • examine on oath any director or other officer of the bank
  • cause a scrutiny to be made of the affairs of the bank
  • give directions to secure the proper management of the bank
  • call for any information of account details
  • determine the policy in relation to advances by the bank
  • direct special audit of the bank
  • direct the bank to initiate insolvency resolution process in respect of a default, under the provisions of Insolvency and Bankruptcy Code, 2016

Read more at: PIB

RBI panel on digital payment

The Reserve Bank of India (RBI) has set up a five-member committee headed by Infosys chairman Nandan Nilekani to suggest a strategy for deepening of digital payments in the country.

Highlights:

  • The committee will submit its report within 90 days from its first meeting.
  • The panel will review the existing status of digitisation of payments in the country, identify the current gaps in the ecosystem, and suggest ways to bridge them, the terms of reference.
  • The panel will assess the current levels of digital payments in financial inclusion, undertake cross country analyses to identify the best practices that can be adopted in to accelerate digitisation and financial inclusion through greater use of digital payments.
  • The panel will also suggest measures to strengthen the safety and security of digital payments and
  • Provide a roadmap for increasing customer confidence while accessing financial services through digital modes.

Read more at: The Hindu

Topic 3 : ICT

The DNA Technology (Use and Application) Regulation Bill – 2019

The Bill has been formulated recognizing the need for regulation of the use and application of Deoxyribonucleic Acid (DNA) technology, for establishing identity of missing persons, victims, offenders, under trials and unknown deceased persons.

The Bill:

  • The purpose of this Bill is to expand the application of DNA-based forensic technologies to support and strengthen the justice delivery system of the country.
  • The utility of DNA based technologies for solving crimes, and to identify missing persons, is well recognized across the world.
  • To ensure that with the proposed expanded use of this technology in this country, there is also the assurance that the DNA test results are reliable, and furthermore that the data remain protected from misuse or abuse in terms of the privacy rights of our citizens.
  • The Bill will add value in empowering the criminal justice delivery system by enabling the application of DNA evidence, which is considered the gold standard in crime investigations.

The key components:

  • Establishment of a DNA Regulatory Board;
  • Accreditation of DNA laboratories undertaking DNA testing, analysing, etc.;
  • Establishment of the National and Regional DNA Data Banks, as envisaged in the Bill, will assist in forensic investigations.

Read more at: The Hindu

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