July 3,2018

Quiz – July 1, 2018
July 2, 2018
Quiz – July 2, 2018
July 3, 2018

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
  4. The Key Initiatives of Government
  5. General Knowledge

Topic 1:Economic development

Goods and Services Tax (GST)

Revenue from the Goods and Services Tax (GST) expects to be about Rs. 13 lakh crore of revenue from the new tax regime over this financial year. The Goods and Service Tax (GST) has completed one year of its implementation. GST was launched on 1st July 2017

About GST:

  • GST is a single tax on the supply of goods and services
  • It is considered to be a destination based tax as it is applied on goods and services at the place where final/actual consumption happens
  • GST is applied to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel and natural gas and alcohol for human consumption
  • There are four slabs for taxes for both goods and services- 5%, 12%, 18% and 28%.
  • Although GST aimed at levying a uniform tax rate on all products and services, four different tax slabs were introduced because daily necessities could not be subject to the same rate as luxury items.
  • Dual GST model
  • Central GST (CGST) levied by Centre
  • State GST (SGST) levied by State
  • Integrated GST (IGST) –levied by Central Government on inter-State supply of goods and services.
  • UTGST – Union territory GST, collected by union territory government

Read more at: The Hindu

Topic 1:Social development

2021 census data to be stored electronically

The data collected during the 2021 Census will be stored electronically, the first time since it was conducted in 1951 in Independent India.

Highlights:

  • The Registrar-General of India (RGI) will  store the records in an electronic format.
  • Any tampering with the data will invite punishment under the Information Technology Act, 2000

About Registrar-General of India (RGI):

  • Registrar General and Census Commissioner of India was founded in 1961 by Government of India Ministry of Home Affairs
  • It aims for arranging, conducting and analysing the results of the demographic surveys of India including Census of India and Linguistic Survey of India

Read more at: The Hindu

Topic 1:Industrial development

Amendments to Intellectual Property rules

  • The Union Ministry of Finance has amended Intellectual Property rules
  • To revoke the power vested with Customs authorities to seize imported products based on complaints of patent infringement.

Amendments:

  • To oblige the IP right-holder to notify the Commissioner of Customs of any amendment, cancellation, suspension or reaction that concern Intellectual Property rights, and require the Customs authorities to accordingly amend, suspend or cancel the corresponding protection provided by them.
  • The amendment omitted the references to the Patents Act, 1970 with respect to  Intellectual Property Rights (Imported Goods) Enforcement Amendment Rules.
  • The amended law will permit the Customs authorities to cancel his patent from its records based on the order passed by the Intellectual Property Appellate Board (IPAB).

About intellectual property rights:

  • Intellectual property rights refer to a collection of rights that includes copyright among other rights such as patents
  • They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

Intellectual property Appellate Board:

  • Intellectual Property Appellate Board (IPAB) constituted the central government in the ministry of Commerce and Industry in 2003.
  • The IPAB has its headquarters at Chennai and shall have sitting at Mumbai, Delhi, Kolkata and Ahmedabad.
  • IPAB has been authorized to hear and adjudicate upon the appeals from most of the decisions, orders or directions made by the Patent Controller under the Patents Act.

Read more at: The Hindu

Topic 2 : Environment

Proportion of pollution-linked diabetes

Analysis of the burden of pollution-linked diabetes estimates that in 2016, air pollution resulted in as many as 3.2 million new cases of diabetes.

Highlights:

  • India tops the list in terms of ‘Disability-Adjusted Life Years’, which measures years of healthy life lost due to pollution-linked diabetes.
  • This is 14% of all new diabetes cases for that year, and India’s share was 20% of new cases
  • The pollution-linked diabetes caused more than 2 lakh deaths in 2016.
  • The risk of incident diabetes increased with rising concentrations of PM2.5 (fine dust less than 2.5 microns in diameter).
  • The  fine dust enters the bloodstream through the lungs, reducing insulin production and triggering inflammation which adds to the diabetes burden.

Read more at: The Hindu

Topic 2 : Energy

Kudankulam power plant waste disposal

The Supreme Court granted the Nuclear Power Corporation of India Ltd. (NPCIL) an extension of time till April 30, 2022, to build an Away From Reactor (AFR) facility to store spent nuclear fuel from the Kudankulam power plant.

  • KNPP is the single largest nuclear power station in India. It is situated in Koodankulam in the Tirunelveli district of Tamil Nadu
  • It is scheduled to have six VVER-1000 reactors with an installed capacity of 6,000 MW of electricity. It has been built in collaboration with Atomstroyexport, the Russian state company and NPCIL

Away From Reactor (AFR) facility

The nuclear waste is stored temporarily at a site far from the nuclear plant. It helps

  • Safety of the nuclear plant from accident
  • Centralized Storage

Read more at: The Hindu

Topic 3 : ICT

China’s the Long March-9 rocket

China is working on a super-powerful rocket that would be capable of delivering heavier payloads into low orbit than NASA.

Highlights:

  • By 2030, the Long March-9 rocket under development will be able to carry 140 tonnes into low-Earth orbit — where TV and earth observation satellites currently fly
  • China’s Long March-9 would have a core stage measuring 10 metres in diameter and boast four powerful boosters, each with a diameter of five metres.
  • The rocket could be used in manned lunar landings, deep space exploration or constructing a space-based solar power plant.
  • This compares to the 20 tonnes deliverable by Europe’s Ariane 5 rocket or the 64 tonnes by Elon Musk’s Falcon Heavy
  • It would also outstrip the 130 tonnes of NASA’s Space Launch System, which is due to become operational in 2020
  • China is working on a reusable space rocket, which is expected to make its maiden flight in 2021
  • China is planning to build a base on the moon

Read more at: The Hindu

Topic 4: The Key Initiatives of Government

Ujwal DISCOM Assurance Yojana (UDAY)

  • It is to provide financial and operational turnaround of power distribution companies andaims at long term affordable and accessible 24×7 power supply to all.
  • It has target of making all DISCOMs profitable by 2018-19 through four initiatives such as Improving operational efficiencies of Discoms, Reduction of cost of power, Reduction in interest cost of Discoms, Enforcing financial discipline on DISCOMs through alignment with state finances.
  • Under this programme, States shall take over 75% of DISCOM debt over two years i.e 50% of DISCOM debt shall be taken over in 2015-16 and 25% in 2016-17.   
  • Government of India will not include the debt taken over by the states as per the above scheme in the calculation of fiscal deficit of respective states in the financial years 2015-16 and 2016-17.
  • States will issue non-SLR including SDL bonds in the market or directly to the respective banks / financial institutions (FIs) holding the DISCOM debt to the appropriate extent
  • DISCOM debt not taken over by the state shall be converted by the banks / FIs into loans or bonds

Vahan and Sarathi

  • VAHAN and SARATHI are e-governance initiative of Ministry of Road Transport and Highways
  • These are centralized digital online based citizen centric application aims to ease out the processes and curb corruption.
  • It aims at facilitating computerization of Road Transport Offices (RTOs) across the country and a common pan-India level same standard for Registration certificate and driving licenses.
  • The software VAHAN is for Vehicle Registration and SARATHI for Driving Licenses and compilation of data with respect to Vehicle Registration and Driving Licenses of all the states in State Register and National Register.

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