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Important Current Affairs 25th March 2020

National

Cabinet approved the continuation of RoSCTL scheme from 1 April

• The Union Cabinet chaired by Prime Minister Narendra Modi approved for continuation of Rebate of State and Central Taxes and Levies (RoSCTL) scheme from 1 April 2020.

• Until then, the scheme will be merged with the Remission of Duties and Taxes on Exported Products (RoDTEP). It is expected to make the textile sector competitive by rebating all taxes and levies that are currently not being rebated under any other mechanism.

Delhi Government Announces Rs 100-cr “Branding Delhi” scheme to make Delhi tourism brand

• The Delhi government has announced a new scheme titled “Branding Delhi”, to introduce the national capital as a tourism brand to domestic and foreign tourists and create news jobs in the sector.

• The Rs 100-crore scheme will re-brand Delhi tourism and the city will be introduced as a tourism brand in the country and abroad to domestic and foreign tourists.

Deadline for GST returns extended to 30 June

• Finance Minister Nirmala Sitharaman has extended the last date for filing GST returns for March, April, and May to 30 June.

• The previous date for filing of GST returns was March 31, 2020.

• The deadline for composition returns on GST has been also been extended to 30 June 2020.

International

US & UAE troops launch biennial exercise “Native Fury”

• US Marines and UAE Emirati forces conducted the biennial exercise, named Native Fury at Abu Dhabi. The biennial exercise, called Native Fury, shows the close ties between American forces and the United Arab Emirates, a federation of seven sheikhdoms on the Arabian Peninsula home to Abu Dhabi.

• The forces seize a sprawling model Middle Eastern city, a drill conducted amid tensions with Iran and despite the new coronavirus pandemic.

• It also comes after the U.S. killed Iran’s most prominent general in a drone strike in January, and Tehran retaliated with a ballistic missile attack on American forces in Iraq.

Karur Vysya Bank Launches Pre-paid Card ‘Enkasu’ in Karur District

• In line with the digital initiative of the Government of India, Karur Vysya Bank has launched a pre-paid card named ‘Enkasu’ in Karur, to reduce the usage of cash in the district.

• The bank has launched the Enkasu card under its Quit Cash Movement, to do away with the need for cash and it will be beneficial to both merchants and customers alike.

• Enkasu works on Near Field Communication Technology in a semi closed loop.

Appointments and Resignations

Sameer Aggarwal appointed as CEO of Walmart India

• Sameer Aggarwal has been appointed as the Chief Executive Officer (CEO) of Walmart India. He will taker over as CEO from Krish Iyer with effect from 1st April 2020.

• After assuming the charge as CEO of Walmart India, he will focus on building more digital, and omni-channel services at the retailer.

Days

International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade

• The United Nations’ (UN) observes the International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade on 25 March every year.

• The day aims to honour and remember those who suffered and died at the hands of the brutal slavery system and also raise awareness about the dangers of racism and prejudice today.

• 2020 Theme: “Confronting Slavery’s Legacy of Racism Together”

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