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Important Current Affairs 19th December 2019

National

GST Council fixes 28% uniform tax rate for lottery effective from March 2020

• The 38th meeting of the Goods and Services Tax (GST) Council, chaired by Finance Minister Nirmala Sitharaman was held in New Delhi on December 18, 2019.

• Some of the important decisions taken during the meeting are as follows:

• Uniform GST tax rate of 28 percent on both state and private lottery. Currently, lotteries run by state-government attract 12% GST and those authorized by them and sold outside the state are taxed at 28%.

• GST rate on woven and non-woven bags rationalized to 18 percent, compared to 12% at present.

• The new rates will be effective from March 2020.

Odisha Govt. launches ‘Jalsathi’ programme

• Odisha Chief Minister Naveen Patnaik has launched the ‘Jalsathi’ programme, involving women volunteers, to ensure supply of safe drinking water to all households in the state.

• Under the ‘Jalsathi’ programme, about 5,000 women, known as Jalsathi, will be engaged for supplying safe drinking water. They have been provided with water quality testing kits and POS (point of sale) machines.

•  ‘Jalasathis’ will be responsible for water quality testing, facilitating new water connections, regularising connections, reassessment of demands, meter reading, bill generation, bill delivery, collection of water charges and facilitating complaints redressal.

50% concession for ‘Ek Bharat Shreshtha Bharat’ participants

Indian Railways has decided to grant 50% concession for the youth participating in the “Ek Bharat Shrestha Bharat” programme. The concession will be given in basic fares of Second and Sleeper Class to youths with emoluments of not more than 5000 rupees per month for travelling from one State to another State to take part in the programme.

Braille Edition of Exam Warriors: Book written by PM Modi released

• Union Minister for Social Justice and Empowerment Shri Thaawarchand Gehlot released the Braille Edition of the book “Exam Warriors” authored by Prime Minister Shri Narendra Modi.

• The Braille Edition of the book has been published in Hindi and English.

• It has been prepared in the Braille Press of Rajasthan Netraheen Kalyan Sangh.

International

Apple, Amazon & Google partner to make smart home devices more compatible

• Apple Inc., Alphabet Inc.’s Google and Amazon.com Inc. are all set to form an alliance to make smart-home devices more secure, reliable, and seamless to use.

• These three biggest providers of smart-home and voice-assistant technology are teaming up for the project, titled “Connected Home over IP”.

• They will work with the Zigbee Alliance (a foundation that promotes standards for the “internet of things), and its members including Samsung Electronics Co., Somfy SA and IKEA, on a new standard that will ensure their products work with one another.

Portuguese PM, Antonio Costa, on two-day visit to India

• Prime Minister of Portugal, Antonio Costa is on a two-day visit to India from December 19-20, 2019.

• This is Mr Costa’s first bilateral visit outside Europe after being re-elected as Prime Minister on 6 October, 2019.

• Portugal Capital: Lisbon; Currency: Euro

Donald Trump becomes third US president in history to be impeached

• Donald Trump has become the third US President in history to be impeached by the House of Representatives, bringing him a step closer to being removed from office.

• The House voted the President on two charges: one that he abused his power and other that he had obstructed Congress.

Banking and Economy

HDFC Bank crosses $100 billion market capitalisation

• HDFC Bank has become the 3rd Indian firm to cross $100 billion mark in market capitalisation. HDFC Bank has joined the league of Reliance Industries Ltd, which has a market cap of $140.74 billion, and Tata Consultancy Services (TCS) that has a market cap of $114.60 billion.

• Managing Director of HDFC Bank: Aditya Puri; Headquarters: Mumbai, Maharashtra.

• Reliance Industries Ltd (market cap of $140.74 billion), and Tata Consultancy Services (market cap of $114.60 billion) are the only top companies in the country in the list.

• Globally, HDFC Bank now ranks 110th as most valued companies in the worlds which have market cap of over $100 billion.

SUMMITS AND MOU’S

Reliance Industries Surpasses state-owned Indian Oil Corporation to top 2019 Fortune India 500 list

• Mukesh Ambani-led Reliance Industries Limited (RIL) has displaced state-owned Indian Oil Corporation (IOC) as India’s largest company in the Fortune India 500 list 2019.

• RIL is the first privately-held company to become the largest corporation in India and has ended IOC’s 10-year reign as India’s largest company. IOC is second on the list.

• RIL’s 2018-19 revenue stood at Rs 5.81 lakh crore, which was 41.5 percent more than previous year.

• IOC’s revenue stood at Rs 5.36 lakh crore, with a growth of 26.6 percent.

Sports

S. Mandhana in ICC’s ODI and T20 team of the year

• India opener Smriti Mandhana was named in both the International Cricket Council’s ODI and T20 teams of the year. She has Jhulan Goswami, Poonam Yadav and Shikha Pandey for the company in the ODI team of the year and all-rounder Deepti Sharma in the T20 side.

• Mandhana has played 51 ODIs and 66 T20Is for India, besides a couple of Test matches. She has combined tally of 3476 runs in T20Is and ODIs.

• ICC CEO: Manu Sahney; Headquarters: Dubai, United Arab Emirates.

Ranking

India Emerges as World’s 3rd Largest Producer Of Scientific Articles

Based on the statistics compiled by the US-based National Science Foundation (NSF), India has emerged as the world’s third largest publisher of science and engineering articles.

• As per the report, in 2008, India published 48,998 science and engineering articles which increased to 1,35,788 articles in 2018. Now India accounts for 5.31 percent of the total world publications in science and engineering.

• China is on top of the list with the number of global scientific publications increased from 2,49,049 in 2008 to 5,28,263 in 2018 (growth rate of 7.81 percent per annum).

• United States stands second with the total global publications in science and engineering articles grew at a rate of 0.71 percent from 3,93,979 in 2008 to 4,22,808 in 2018.

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