July 26, 2018

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July 25, 2018
Quiz – July 25 ,2018
July 26, 2018

Current Affairs for Engineering Service Exam

Video Lectures and Test Series for ESE 2019 Paper I

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
  4. The Key Initiatives of Government
  5. General Knowledge

Topic 1:Economic development

GST anti-profiteering authority orders audit of e-commerce firms

The audit will be done by the Director General of Audit of the Central Board of Indirect Taxes and Customs (CBIC).

  • The anti-profiteering authority was set up last year to ensure that consumers get the benefit of tax rate reduction post the roll out of Goods and Services Tax (GST).
  • It is responsible for applying anti-profiteering measures in event of reduction GST rate on supply of goods or services or if benefit of input tax credit is not passed on to recipients by way of commensurate reduction in prices.

Read more at:The New Indian Express

National Waterways

111 inland waterways (including 5 existing) have been declared as ‘National Waterways’ (NWs) under the National Waterways Act, 2016.  

Operational Waterways

  • NW-1 (River Ganga)
  • NW-2 (River Brahmaputra)
  • NW-3 (West Coast Canal from Kottapuram to Kollam along with Udyogmandal and Champakara Canals)
  • NW-16 (River Barak)
  • NW-27, 68 and 111 (in Goa)
  • NW-9 (in Kerala) and
  • NW-97 

Government is implementing the Jal Marg Vikas Project (JMVP) for capacity augmentation of navigation on the Haldia – Varanasi stretch of NW-1( River Ganga)with the technical and financial assistance of the World Bank.

Projects in the North East

20 National Waterways out of 111 are in North Eastern Region (NER).  

  • NW-2 (river Brahmaputra) from Dhubri to Sadiya (891 km) is operational for transport and cruise and cargo vessels are moving on it.
  • NW-16 is on river Barak

Read more at: PIB

Topic 1:Social development

Public Affairs Index (PAI) for 2018

Kerala stands as the best-governed state in the country, said the Public Affairs Index 2018 released by the think tank Public Affairs Centre (PAC). Kerala has topped for the third consecutive year since 2016 among large states

 

Read more at: The New Indian Express

Topic 2 : Energy

Exploitation of Atomic Minerals

Atomic Minerals Directorate for Exploration and Research (AMD), a constituent unit of Department of Atomic Energy (DAE), has the mandate to identify, evaluate and augment mineral resources of uranium, thorium, niobium, tantalum, beryllium, lithium, zirconium, titanium, rare earths (containing uranium and thorium) besides beach sand minerals like garnet and sillimanite .

AMD has identified adequate resources of atomic minerals in the country. The details of the resources of atomic minerals are below:

  • Uranium – uranium oxide (U3O8)
  • Beach Sand Minerals [BSM]
    • Thorium (as monazite)
    • The mineral monazite, containing ~ 55 – 60% total Rare Earth Elements (REE), is also the major resource for REE
    • Titanium (as ilmenite, leucoxene and rutile)
    • Zirconium (as zircon)  
    • Garnet  
    • Sillimanite
  • The mining lease deed between the applicant and the State Government is executed by the respective State Governments
  • At present, uranium deposits established by AMD are mined by Uranium Corporation of India Limited (UCIL), a PSU of DAE.
  • In respect of beach sand minerals, the mining operations are being carried out by both PSUs and private entrepreneurs.
  • In respect of other atomic minerals like beryl, columbite, tantalite, lepidolite etc., no specific mining operations are being carried out.

Read more at: PIB

Topic 2 : Environment

Cloud brightening, ‘sun shields’ to save Barrier Reef

The UNESCO World Heritage-listed reef is reeling from two straight years of bleaching as sea temperatures rise because of climate change. It is also under pressure from farming runoff, development and the predatory crown-of-thorns starfish.

  • The government has pledged to tackle climate change – the greatest threat to the world’s largest living structure

Innovative ideas to protect the site

  1. Cloud brightening where salt crystals harvested from seawater are fired into clouds, making them more reflective and therefore deflecting solar rays back into space.
  2. Biodegradable “sun shield”, where an ultra-thin film containing light-reflecting particles covers some reef waters to protect corals from heat stress.
  3. Mass producing coral larvae with the aid of 3D-printed surfaces to support new growth, and large-scale harvesting and relocation of larvae.

Read more at: ET

Topic 4: The Key Initiatives of Government

GST

  •         One Nation, One Tax- One Nation-One Market
  •         Rolled out from July 1,2017
  •         4 Tax Rates- 5%, 12%, 18%, 28%
  •         Reduction in overall taxes on goods, estimated to be 25-30%
  •         Lead to ease of doing business and increase in tax revenue collections.

Benefits of GST

Decrease in Inflation due to

  •         Reduction in Cascading effect of Taxes
  •         Overall Reduction in Prices

Ease of Doing Business due to

  •         Common National Market
  •         Benefits to Small Taxpayers

Decrease in “Black” Transactions due to

  •         Self-Regulating on line Tax System
  •         Non-Intrusive and transparent Tax System

More informed consumer due to

  •         Simplified Tax Regime
  •         Reduction in Multiplicity of Taxes

Poorer States to gain due to

  •         GST being a destination based Tax
  •         Consumer States to benefit the most
  •         Abolition of CST

Make in India boost due to

  •         Exports to be Zero Rated
  •         Protection of Domestic Industry – IGST

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