Current Affairs for SSC CGL Exams - 11 January 2019
Current Affairs for SSC CGL Exams - 11 January 2019
Cabinet approves new approvals including repromulgation of triple talaq
Union Cabinet has approved a proposal to re-promulgate the
ordinance making instant triple talaq a criminal offence. The ordinance
makes all declarations of instant triple talaq void and illegal and the
practice a punishable offence with imprisonment of three years. In order to
boost healthcare infrastructure in the country, the Cabinet has approved the
establishment of three more All India Institute of Medical Sciences, AIIMS.
Two of them will be set up in Jammu and Kashmir and the third will
come up in Gujarat. Expressing gratitude, Union Health Minister J P Nadda
said the approval follows the prime minister's vision and upholds the spirit
of 'Sabka Saath, Sabka Vikas'.
The Cabinet also gave its nod to re-issue an ordinance to allow a
Committee to run the Medical Council of India. The Cabinet also approved the
creation of the post of Vice Chancellor for National Rail and Transport
Institute in Vadodara, Gujarat.
It approved a MoU with Japan on Development of Advanced Model
Single Window to promote Ease of Doing Business in India. Also, the proposal
for entering into an Agreement for Bilateral Swap Arrangement with Japan
also cleared. To provide tax assistance by Indian experts to African nation
Eswatini, signing of terms of reference has also been approved by the
States agree on Renukaji Multipurpose dam project
An agreement for Renukaji Dam Multipurpose Project will be signed
today among the states of Uttar Pradesh, Haryana, Himachal Pradesh, Delhi,
Rajasthan and Uttarakhand. The project is aimed at meeting the drinking
water needs of these states.
The agreement will be signed in the presence of Water Resources,
River Development and Ganga Rejuvenation Minister Nitin Gadkari in New
Delhi. All the six Chief Ministers will also be present on the occasion.
Under it, three storage projects are proposed to be constructed on
the river Yamuna and two of its tributaries - Tons and Giri in the hilly
regions of Uttarakhand and Himachal Pradesh.
These include Lakhwar project on river Yamuna in Uttarakhand,
Kishau on river Tons in Uttarakhand and Himachal Pradesh and Renukaji on
river Giri in Himachal Pradesh.
Small businesses get sigh of relief in GST council meeting
The GST Council in its 32nd meeting on Thursday — the last before
the Budget — took a slew of decisions aimed at reducing the tax and
compliance burden on small and medium enterprises, including increasing the
threshold limit below which companies are exempt from GST, extending the
Composition Scheme to small service providers, and allowing small companies
to file annual returns.
The Council also raised the annual turnover limit under which
companies would be exempt from GST to Rs. 40 lakh for most States and Rs. 20
lakh for the North Eastern and hill states, from the earlier limit of Rs. 20
lakh and Rs. 10 lakh, respectively.
Mr. Jaitley announced that the limit for eligibility for the
Composition Scheme would be raised to an annual turnover of Rs. 1.5 crore
from April 1, 2019. He added that companies opting for the Composition
Scheme would be allowed to file annual returns and pay taxes quarterly from
The Composition Scheme currently allows companies with an annual
turnover of up to Rs. 1 crore to opt for it, and file returns on a quarterly
basis at a nominal rate of 1%. So far, only manufacturers and traders were
eligible for this scheme.
Mr. Jaitley said that the Council had decided to extend the
Composition Scheme to small service providers with an annual turnover of up
to Rs. 50 lakh, at a tax rate of 6%.
RBI defers capital buffer norms leveraging funds for banks
The Reserve Bank on Thursday deferred the implementation of the
last tranche of Capital Conservation Buffer (CCB) by a year, a move that
would leave about an estimated Rs. 37,000 crore capital in the hands of
This would help banks increase lending by over Rs. 3.5 lakh crore
by leveraging ten times the capital.
Accordingly, minimum capital conservation ratios of 2.5% would be
applicable from March 31, 2020.Currently, the CCB of banks stands at 1.875%
of the core capital.
The CCB is the capital buffer that banks have to accumulate in
normal times to be used for offsetting losses during periods of stress. It
was introduced after the 2008 global financial crisis to improve the ability
of banks to withstand adverse economic conditions.
Further, it said, the pre-specified trigger for loss absorption
through conversion or write-down of additional tier 1 instruments will
remain at 5.5% of risk-weighted asset (RWA) and will rise to 6.125% of RWAs
on March 31, 2020. The decision to defer CCB was taken at the November 19
meeting of the central board of directors.
U.S urging a diplomatic withdrawal of troops from Syria
Secretary of State Mike Pompeo vowed on Thursday that the U.S. and
its allies would work diplomatically to expel all Iranian troops from Syria,
urging nations in the West Asian region to forge a common stand against
“It's time for old rivalries to end, for the sake of the greater
good of the region,” said Mr. Pompeo at a keynote address in Cairo. America
“will use diplomacy and work with our partners to expel every last Iranian
boot” from Syria and bolster efforts “to bring peace and stability to the
long-suffering Syrian people,” he added.
In his speech at the American University in Cairo, Mr. Pompeo said
the U.S. is creating an anti-Iran front, bringing together Gulf countries as
well as Egypt and Jordan.
He also stressed that the troop pullout from Syria would go ahead
but said that the U.S. would remain engaged.
Meanwhile, Turkey renewed its threat to launch an offensive
“If the (pullout) is put off with ridiculous excuses like Turks
are massacring Kurds, which do not reflect the reality, we will implement
this decision,” Turkish Foreign Minister Mevlüt Çavuşoğlu told NTV
Turkish officials had a tense meeting this week with Mr. Trump’s
National Security Adviser John Bolton in Ankara aimed at coordinating the
::SCIENCE & TECHNOLOGY::
NASA confirms Hubble telescope camera malfunction
The operations of the Hubble Space Telescope’s most
technologically advanced camera have been suspended after it encountered a
hardware problem, NASA said.
However, the telescope will continue to perform science
observations with its other three active instruments, while the Wide Field
Camera 3 anomaly is investigated, the U.S. space agency said in a statement.
The Hubble Wide Field Camera 3 was installed by space-walking
astronauts during Servicing Mission 4 in 2009.
NASA said that the camera is equipped with back-up electronics
that can be called to action should they be needed to recover the
Hubble is the first major optical telescope to be placed in space,
providing an unobstructed view into the universe. Launched in 1990, the
world’s first space telescope helped confirm the theory that the universe is
expanding, lending credence to the Big Bang theory.
Hubble has made more than 1.3 million observations since its
mission began in 1990, taking pictures of stars and galaxies of as it whirls
around the Earth.
Astronomers using Hubble data have published more than 15,000
scientific papers, making it one of the most productive scientific
instruments ever built.
IWF President named chief of mission for 2020 olympics
President of the Indian Weightlifting Federation (IWF), Birendra
Prasad Baishya, has been named Chef de Mission for the 2020 Tokyo Olympics.
IWF Secretary Sahdev Yadav said in a release that it is for the
first time that the Weightlifting has been accorded with the honour of Chef
de Mission for the Olympics.
Baishya is also one of the Indian Olympic Association Vice