Current Affairs – February 28, 2018

Current affairs banner February 28 2018 - Current Affairs – February 28, 2018

GST collection dips marginally in January to Rs 86,318 crore

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The collection of Goods and Services Tax (GST) slipped marginally to Rs 86,318 crore in January, from Rs 86,703 crore in December. “The total revenue received under GST for the month of January 2018 (received in January/February up to February 25, 2018) has been Rs 86,318 crores,” the finance ministry said in a statement.
Total collections under the GST had registered an increase in December 2017 after declining in the two previous months of November and October following the decision of the GST Council to cut rates on more than 200 items.
The ministry said that 1.03 crore taxpayers have been registered under GST till February 25, of which 17.65 lakh are composition dealers who are required to file returns every quarter. Of the Rs 86,318 crore collected during the month, Rs 14,233 crore has been collected as CGST, Rs 19,961 crore as SGST, Rs 43,794 crore as IGST and Rs 8,331 as Compensation cess.

National Science Day: 28 February

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National Science Day is celebrated in India on 28 February each year to mark the discovery of the Raman effect by Indian physicist Sir Chandrasekhara Venkata Raman on 28 February 1928. For his discovery, Sir C.V. Raman was awarded the Nobel Prize in Physics in 1930. National Science Day is being celebrated every year to widely spread a message about the Importance of science used in the daily life of the people.
To display all the activities, efforts and achievements in the field of science for human welfare. To discuss all the issues and implement new technologies for the development in the field of science. To give an opportunity to the scientifically minded citizens in the country. To encourage the people as well as popularize the Science and Technology.
The theme of the year 2018 is “Science and Technology for a sustainable future.”
Union Minister for Science and Technology: Dr. Harsh Vardhan

India-Korea business summit 2018 held in New Delhi

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On February 27, 2018, Prime Minister Narendra Modi addressed the 2nd India-Korea Business Summit in New Delhi. Union Finance Minister Arun Jaitley, Union Commerce Minister Suresh Prabhu and Minister of Electronics and IT, Ravi Shankar Prasad, also addressed the summit. The theme of India-Korea Business Summit 2018 was “India-Korea: Scaling up the Special Strategic Relationship through Trade and Investments”.
The summit brought together top business leaders and the government officials from India and Korea to create the framework for an open and action-oriented dialogue. Discussions at the Summit focused on exploring opportunities in Infrastructure, Information Communication Technology, Power, Smart Cities and Manufacturing sectors.
South Korea:
President: Moon Jae-in Trending
Capital: Seoul
Currency: South Korean won

EPFO makes online claims must for PF withdrawals above Rs 10 lakh

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Retirement fund body EPFO has made it mandatory to file online claims for provident fund withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organization. The Employees Provident Fund Organisation (EPFO) has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995. Under the pension scheme, there is a provision of partial withdrawal of pension, commonly known as commutation of pension money.
At present, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawal as also for the pension. The decision was taken at a meeting chaired by Central Provident Fund Commissioner recently, an official said. The official said the field offices have been directed that the claims must be accepted online in case the amount of provident fund withdrawal is above Rs 10 lakh.

India ranks 47th when it comes to inclusive Internet

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Compromised by low usage and poor quality, India is ranked 47th out of 86 countries when it comes to Inclusive Internet and connectivity for all, a Facebook report. Facebook, which commissioned the Economist Intelligence Unit (EIU) to create a comprehensive “Inclusive Internet Index,” found India in the middle of Asian countries (12th out of 23) when it comes to connectivity.
“India places at or near the top of the lower-middle-income bracket on most indicators, except for availability, where it is 13th out of 23, compromised by low usage and poor quality despite relatively strong infrastructure,” the report said.
The EIU is a British business within the Economist Group, providing forecasting and advisory services through research and analysis. This year’s index covered 91 percent of the world’s population and an expanded data set of 86 countries, up from 75 countries in 2017. Across the indexed countries, on average, men are 33.5 % more likely to have Internet access than women.

Second project of Swajal Yojana launched in Rajasthan

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Union Minister of Drinking Water and Sanitation Uma Bharti, recently launched the Swajal pilot project at Village Bhikampura, Karauli, Rajasthan. Besides ensuring the availability of clean drinking water to every household around the year, the project would also generate employment. Speaking at the event, Uma Bharti urged the people to own the project that will be started soon. She reminded that it is the death anniversary of Chandrashekhar Azad and the government is trying to fulfill his dream of Swaraj. She inaugurated the pilot Swajal Project at Bhikampura with a budget of more than 54.17 lakh rupees.
Swajal is a community-owned drinking water programme for sustained drinking water supply. Under the scheme, 90% of the project cost will be taken care by the Government and the remaining 10% of the project cost will be contributed by the community. The Operations and management of the project will be taken care by the local villagers.
Rajasthan CM – Vasundhara Raje and Governor – Kalyan Singh.

Telangana government announces Rs 5 lakh health-cum-life insurance scheme for farmers

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The Chief Minister of Telangana, K Chandrasekhar Rao has announced a health-cum-life insurance scheme worth Rs 5 lakh for the farmers in the state. The Chief Minister made the announcement while addressing the regional conference of Farmers’ Coordination Committees in Karimnagar on February 26, 2018. The scheme is expected to be implemented soon.
Key Highlights
• The entire premium of the health-cum-life insurance scheme of farmers will be fully borne by the government.
• The state government has announced an allocation of Rs 500 crore in the coming budget for implementation of the scheme.
• The scheme is expected to benefit 70 lakh farmers in the state.
• The health insurance coverage will be made available in case of hospitalization.
• The families of farmers will be paid the amount in case of the farmer’s accidental or natural death.
Telangana Governor – E. S. L. Narasimha

IndusInd Bank ties up with Ripple to aid global payments

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Private sector IndusInd Bank has tied up with blockchain solution provider Ripple to enhance global payment transactions in and out of India. With this affiliation, Ripple can now provide instant access in emerging markets such as India, Brazil, and China, IndusInd Bank said in a release. The bank said India witnessed $65 billion moves into the country in 2017.
“IndusInd Bank which has significant interests in cross-border remittances plans to harness the power of blockchain technology for facilitating global payments,” it said. The bank strives to leverage the latest technology to build on its existing footprint in payments business through this alliance as the blockchain technology lowers both costs and transfer time for their customers.

Airtel, Google partner for low-cost Android Go smartphones

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Telecom major Bharti Airtel has partnered Google to bring low-cost Android Oreo (Go edition) smartphones to the Indian market. Google had, in December last year, unveiled the Android Oreo Go edition for smartphones with 1GB RAM or less. These low-cost smartphones, which come with a new range of apps designed to run faster while using less data, are expected to play an important role in further expanding internet adoption.
As part of the collaboration, entry-level 4G smartphones under Airtel’s ‘Mera Pehla Smartphone‘ programme will be shipped with Android Oreo (Go edition) as standard operating system starting March this year.
Handset makers Lava and Micromax have already announced they will launch 4G smartphones powered by Android Oreo (Go edition). These smartphones with basic specifications will also come preloaded with compatible apps, including MyAirtel App, Airtel TV, and Wynk Music, the statement added. Devices running Android Oreo (Go edition) will also come with twice as much storage out of the box.

Chilika lake largest habitat of Irrawaddy dolphins globally

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The Chilika lake in Odisha has emerged as the single largest habitat of Irrawaddy dolphins in the world with the spotting of 155 such animals, a Chilika Development Authority (CDA) official said. The finding is based on the preliminary report of the first ever ‘Annual Monitoring’ of the lake held on Saturday, CDA Chief Executive Susanta Nanda said. The ‘Annual Monitoring’ was conducted by the CDA to count the number of the marine mammals and to study the hydrological impacts of removal of pen culture (locally known as gherries), he said in a statement.
The number is more compared to the last year’s figure of around 100 dolphins during the annual census, Nanda said. Stating that the results of the monitoring are being analyzed by plotting the locational GPS, Nanda said the finer details were likely to take some time. “The dolphins are now seen in different sectors of the lake where they were not seen before due to the removal of obstruction for their migration,” Nanda said.

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