Daily Current Affairs Updates – 4th June 2017:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.
Trin Trin, the country’s first smartcard-based public bicycle sharing (PBS) in Mysuru
IMPORTANT DAYS
June 4th - International Day of Innocent Children Victims of Aggression
The United Nations' (UN) International Day of Innocent Children Victims of Aggression is observed on June 4 each year. The purpose of the day is to acknowledge the pain suffered by children throughout the world who are the victims of physical, mental and emotional abuse.
Four Indian Army jawans climbed Mt. Everest without using oxygen cylinders
A team of four Indian Army jawans successfully climbed Mt. Everest without using oxygen cylinders, the first team to scale the world’s highest peak without supplementary oxygen. The four climbers are Kunchok Tenda, Kelshang Dorjee Bhutia, Kalden Panjur and Sonam Phuntsok.
Telangana government distributes maternity kits
The Telangana government started the distribution of kits for new borns and mothers across the State with Chief Minister K.Chandrashekar Rao gave them at the Government Maternity Hospital. Six women, who gave birth to children recently, received them.
Useful Info
State – Telangana
Capital– Hyderabad
CM - K.Chandrashekar Rao
Governor- Ekkadu Srinivasan Lakshmi Narasimhan
Punjab CM inaugurates civic project pertaining to cleaning of sewage lines
Punjab Chief Minister Amarinder Singh and Local Bodies Minister Navjot Singh Sidhu inaugurated a major civic project pertaining to cleaning of choked sewerage lines and drains through super suction-cum-jetting machines at Patiala.
Trin Trin, the country’s first smartcard-based public bicycle sharing (PBS) in Mysuru
Trin Trin, the country’s first smartcard-based public bicycle sharing (PBS) initiative under a six-year 20.5 crore rupees plan will be seen all over the city. With broad tree-lined roads, steady tourism and smart phone-savvy citizens, Mysuru scored over other cities when Karnataka’s Directorate of Urban Land Transport (DULT) looked for a candidate for the bike venture. About 450 bicycles will be available, reviving memories of a Mysuru that had neighborhood bicycle rental shops.
BUSINESS & ECONOMY
Updated GST rates for Gold & Diamonds
The Goods and Services Tax Council on Saturday finalized the rates on all the remaining products, including gold, footwear, textiles, agricultural implements, biscuits, and beedis. The Council also cleared the rules regarding return filing, and transitional provisions. Union Finance, Defence and Corporate Affairs Minister Arun Jaitley, while briefing the media following the conclusion of the one-day meeting, said gold, silver, and diamonds would be placed in a new rate category of 3% while rough diamonds would attract a nominal rate of 0.25%. Biscuits, currently taxed at a combined State and central tax rate of 20-23%, have been placed in the 18% GST rate category.
Useful Info
GST Rates 03/6/2017 Main Highlights
· For gold, the GST has been set at 3 per cent introducing a new tax slab
· GST of 12 per cent will be levied on readymade garments
· Footwear upto Rs 500 is charged at 5% and above it is 18%
· GST on Agri machinery fixed at 5 per cent
· GST on apparel below Rs 1,000 fixed at 5 per cent
· A nominal rate of 0.25 imposed on rough diamond
· 0 per cent tax on Jute
· GST Council will set up committee to look into complaints regarding anti-profiteering clause, said Arun Jaitley
· Bidi to be taxed at 28% without cess. However Beedis are still under discussion, no proposal of cess for beedis
· GST rate for gold fixed at 3 per cent
· Gold, gems, jewellery to be taxed at 3 per cent
· Footwear priced below Rs 500 to be taxed at 5%, the rest at 18%
· Readymade garments to attract 12% GST; Yarn and fabric cotton 5 per cent
· GST on all biscuits to be 18%
· Consumers might also see some hike in garment prices
SCIENCE & TECHNOLOGY
India successfully test-fires 1st all weather tracked-chassis QR-SAM
India today successfully test-fired its first all-weather tracked-chassis Quick Reaction Surface-to-Air Missile (QR-SAM) from a mobile launcher at Integrated Test Range at Chandipur in Odisha. Official sources said, the test was carried out for validating various parameters of the sophisticated weapon system to further strengthen its air defence system.
APPOINTMENTS
Indian-American Amul Thapar appointed as Judge in US Court of Appeals
Amul Thapar,an Indian-American legal luminary, has been appointed a judge on the US Court of Appeals for the Sixth Circuit by President Donald Trump.
Flying car may light the Olympic flame in 2020
Engineers, backed by Toyota Motor Corp, demonstrated their lying car on Saturday, which they hope will light the Olympic flame for the Tokyo 2020 Summer Games. A group of 30 engineers started developing ‘SkyDrive’ in 2014 with crowd funding.
Useful Info
Company– Toyota
HQ - Toyota, Aichi Prefecture, Japan
CEO - Akio Toyoda
Real Madrid won UEFA Champions League title
Real Madrid beat Juventus to win their UEFA Champions league title. Real Madrid won the title in consecutive seasons. This is the first time in UEFA Champions League a team won consecutive seasons.
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