Current Affairs for SSC CGL Exams - 30 June 2022

SSC CGL Current Affairs

Current Affairs for SSC CGL Exams - 30 June 2022

::NATIONAL::

PM Modi attends ‘Udyami Bharat’ program in Delhi

Prime Minister Narendra Modi inaugurated the 'Raising and Accelerating MSME Performance' scheme at VigyanBhawan in the national capital. According to Prime Minister's Office (PMO), the scheme has an outlay of around Rs 6,000 crore.
The scheme aims to scale up the implementation capacity and coverage of Medium Small and Micro Enterprises (MSME) in the states, with impact enhancement of existing MSME schemes.
It will complement the Aatmanirbhar Bharat Abhiyan by fostering innovation, encouraging ideation, incubating new business and entrepreneurship by developing quality standards, improving practices and processes, enhancing market access, deploying technological tools and Industry 4.0 to make MSMEs competitive and self-reliant.
Along with the RAMP scheme, PM Narendra Modi also inaugurated the 'Capacity Building of First-Time MSME Exporters' scheme and new features of the 'Prime Minister's Employment Generation Program' (PMEG).
'Prime Minister's Employment Generation Program 'include an increase in the maximum project cost to Rs 50 lakh (from Rs 25 lakh) for the manufacturing sector and Rs 20 lakh (from Rs 10 lakh) in the service sector and the inclusion of applicants from aspirational districts and transgenders in the Special Category applicants for availing higher subsidies. Also, handholding support is being provided to applicants/entrepreneurs through the engagement of banking, technical and marketing experts.
The Prime Minister also digitally transferred assistance to beneficiaries of PMEGP for 2022-23.

::INTERNATIONAL::

Hong Kong on high alert as Xi Jinping visit expected for handover

Chinese President Xi Jinping is expected to visit Hong Kong Thursday, prompting a massive security effort ahead of celebrations marking the 25th anniversary of the city's handover to communist China.
Government leaders have been forced into a closed-loop system, parts of the city shut down, and multiple journalists barred from Friday events that will showcase the Communist Party's control over the city after a political crackdown that dismantled a democracy movement and crushed dissent.
Details around the trip, Xi's first outside mainland China since the Covid-19 pandemic began, have been kept under wraps, but he is expected to make appearances in Hong Kong on Thursday and Friday.
However, the Chinese leader will likely spend the night in neighbouring Shenzhen on the mainland, according to local media.
Those coming into Xi's orbit during the trip, including the highest-ranking government officials, have been made to limit their social contacts, take daily PCR tests and check into a quarantine hotel in the days leading up to the visit.

::ECONOMY::

GST Council tilts towards rate hikes, drops exemptions for many items

The Goods and Services Tax (GST) Council, chaired by Union Finance Minister NirmalaSitharaman, on Tuesday approved in principle hiking the rates for some goods and services and removing exemptions for several mass consumption items to simplify the rate structure, in line with an interim report given by a ministerial panel.
The move is significant because it would aid the states, which have been pressing for either extending the compensation regime beyond June 30 or increasing their share in revenue from the current 50 per cent. The decision, however, would make items costlier for consumers.
The council on Wednesday will take up extending compensation to the states and imposing 28 per cent on casinos, online gaming, and racing, bringing them on a level with gambling, said its two members.
The council is learnt to have favoured the panel’s argument that the exemptions, due to the subjective nature of the term “branded”, were causing disputes and revenue leakages. The council approved replacing the term “branded” with “pre-packaged and labelled” for retail sale to avoid disputes. At present, branded cereals attract 5 per cent GST.
The panel said exemption/concessional rates for manufactured items needed to be pruned because these not only caused an inversion in GST rates and affected domestic capacity creation adversely but also did not provide significant gains to recipients on account of costs built up, considering the accumulation of input tax credit (ITC).

::Sports::

Malaysia Open: Sindhu, Prannoy advance to quarterfinals

Two-time Olympic medallist P V Sindhu entered the quarterfinals with a come-from-behind victory over Thailand's PhittayapornChaiwan in the Malaysia Open.
The world No. 7 dispatched her Thai opponent 19-21 21-9 21-14 in a 57-minute second round clash at the Axiata Arena.
The seventh seeded Indian will next face her nemesis Tai Tzu Ying of Chinese Taipei in the last eight face-off.
HS Prannoy, the world No. 21, also advanced to the quarterfinals of the men's singles with an easy 21-15 21-7 victory over fourth seed Chou Tien Chen of Chinese Taipei.
One of the heroes of India's epic Thomas Cup triumph, the unseeded Prannoy will lock horns with seventh seed Indonesian Jontan Christie.