War room’ set up to deal with GST crises
Equipped with multiple phone lines and computer systems and manned by tech-savvy youngsters, a
“mini war room” has been set up in the finance ministry to deal with crises related to the implementation of GST The unit will act as a quick resource centre for central and state government officials to address their queries on the historic tax reform scheduled to be implemented from July 1. The action room will function from 8 am to 10 pm.
It will provide prompt response to queries raised by states and central government officials. The room will act as a single-window for anything and everything related to the GST.
- The GST Council is headed by the Finance Minister of India Mr. Arun Jaitley.
- GST will roll out from July 1st.
UP govt signs pact with ADB for strengthening of roads
Uttar Pradesh Governmenthas signed an agreement with Asian Development Bank (ADB)for a loan of 1950 crore rupees for strengthening of roads in different district. The agreement was signed at Lucknow in the presence of Chief Minister Yogi Adityanath and ADB President Takehiko Nakao.
As per agreement, ADB will provide the loan amount for Uttar Pradesh Main District Roads Development Project of 2782 crore rupees cost. State government will spend 832 crore rupees form its own resources on the project.
Project is scheduled to be completed by 2024 and ADB will provide the loan for the period of 25 years on the interest rate of 2 percent.
- Takeshi Watanabe was ADB’s first President.
- Takehiko Nakao is the current President of ADB.
- ADB is headquartered in Mandaluyong, Philippines.
- The Asian Development Bank was conceived in the early 1960s.
PM Modi leaves for Netherland in his last leg of his 3 nation visit
Prime Minister Narendra Modi has left for the Netherland in his last leg of the three-nation visit after completing his two-day US tour. The Prime Minister will reach Amsterdam where he will hold bilateral talks with his counterpart Mr. Mark Rutte.Both countries are celebrating 70 years of the establishment of Indo-Dutch diplomatic relations this year. Mr.Two Memoranda of Understandings (MOUs), one each on water management and cultural exchange, will also be exchanged in the presence of both Prime Ministers.
- The Capital of The Netherlands is Amsterdam.
- The PM of Netherland is Mr. Mark Rutte.
Dangal becomes 1st Indian movie to earn Rs2,000 cr worldwide: Forbes
The Aamir Khan starrer Dangal has become the first Indian movie to earn Rs2,000 crore worldwide. Recently, Dangal also created the record of being the fifth highest-grossing non-English film ever.
- Nitesh Tiwari is the Director of Dangal.
World Bank clears $250-million loan to train India’s job seekers
The World Bank has cleared a USD 250-million loan for making Indian youth more employable through reskilling, in a move that is seen to aid the Skill India Mission.The multi-lateral lender is keen to support the Indian government in its efforts to better equip the young workforce with employable skills. Under the program, adults in 15-59 years of age, underemployed or unemployed, will get the skill training.
- The Washington-headquartered World Bank.
- It was Founded in 1944.
- Jim Yong Kim is the President of The World Bank
Banking & Economic News
J-K Governor N N Vohra appointed as president of IIC
Jammu and Kashmir Governor N N Vohra has been appointed the president of the India International Centre (IIC)– one of the premier cultural institutions in the country.
- IIC was founded in 1958 and its head office is in New Delhi.
- In 1959, it was registered under the Societies Registration Act (XXI) of 1860
K. Kasturirangan to head panel on National Education Policy
Ex-ISRO Chief and Padma Vibhushan awardeeKrishnaswamy Kasturiranganhas been appointed the Chairman of the committee to prepare the final draft of the National Education Policy.The Chairperson apart, the committee has eight members. The National Policy on Education was framed in 1986 and modified in 1992.
Prakash Javadekar is the Union HRD Minister.
Srinivas Gokulnath becomes 1st Indian to finish solo Race Across America
Srinivas Gokulnath from Maharashtra created history by becoming the first Indian to complete the 4,941-km Race Across America (RAAM)in the solo category. Considered to be the toughest cycle race in the world, he cycled for 11 days, 18 hours and 45 minutes.
In a feat that marks the Indian arrival on the endurance cycling scene globally, another Maharashtrian, Dr. Amit Samarth followed Gokulnath at the finish line at Annapolis on American east coast.
Among the nine men who finished, Gokulnath stood 7th while Samarth was right on his heels at number 8. The race was won by Christoph Strasser.
- Srinivas Gokulnath is Nashik’s army doctor.
- Srinivas Gokulnath holds a national record of cycling 4,000km from Leh to Kanyakumari in 16 days in 2014.
Google fined record 2.42 billion euros by European Commission
Google has been fined 2.42 billion euros($2.7 Billion) by the European Commission after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.
It is the biggest fine the EU has ever imposed on a single company in an antitrust case, exceeding a 1.06-billion-euro sanction handed down to U.S. chipmaker Intel in 2009.
- Alphabet Inc. is the parent company of Google.
- Sundar Pichai is the CEO of Google.
- It is the USA based Company.
Priyanka Chopra appointed as ambassador for Government’s Skill India campaign
Actress Priyanka Chopra has been appointed as the ambassador for government’s flagship Skill India campaign, with the National Skill Development Corporation.
Priyanka will use her celebrity status to motivate youngsters to hone their abilities through a media campaign.
- The Skill India campaign was launched by Prime Minister Modi in July 2015.
- The government aims to train 40 crore people by 2022 through its skilling initiatives.
- The MD and CEO of National Skill Development Corporation is Manish Kumar.
Romanian President appoints Mihai Tudose as Prime Minister
Romanian President Klaus Iohannis appointed Social Democrat Mihai Tudose as the Prime Minister and mandated him to form a new government. Mihai Tudose, the outgoing economy minister of Romania, has been appointed as prime minister, days after the ruling Social Democrat Party (PSD) removed its own government following an internal power row.The 50-year-old Tudose now has 10 days to gain the vote of confidence in his government and his program.
- The Capital of Romania is Bucharest.
- Its Currency is Romanian leu.
ISSF Junior World Championship: India finish second in Junior Shooting World Championship
The Indian shooting squad has finished a creditable second at the ISSF Junior World Championship with three gold, two silver and three bronze medals in Suhl, Germany. India picked up a gold and silver in the team and individual sections of the 25m pistol junior men’s event.
Anish Bhanwala won three medals, one of each colour. On day one, Anish had claimed gold in the 25m standard pistol men’s event. He also won another gold teaming with Anhad Jawanda and Shivam Shukla for the 25m pistol event.
iii.China topped the tally in the rifle/pistol tournament with 19 medals, including eight golds.
- Full form of ISSF is International Shooting Sport Federation.
- Olegario Vazquez Rana is the President of ISSF.
- ISSF Junior World Championship 2017 was held in Germany.
- China topped with total 19 Medals and India was second with total 8 Medals.
Federer lifts ninth Halle Open title, defeated Alexander Zverev
Swiss legend Roger Federer has clinched his ninth Halle Open title after beating Alexander Zverev 6-1, 6-3 in the final. The top seed Roger Federer showed no mercy with fourth seed Alexander Zverev after wrapping up his ninth title in his 11th Halle final
The final took place at the Gerry Weber Stadium in Halle, Germany. The match was the quickest final in the history of the Halle Open.
- Roger Federer is from Switzerland.
- Alexander Zverev is from Germany.
- The Halle Open also called as the Gerry Weber Open, is a tennis tournament held in Halle, North Rhine-Westphalia, Germany.
Lupin founder & Chairman Dr. Desh Bandhu Gupta passes away
Desh Bandhu Gupta, Founder and Chairman of Pharma major Lupin, passed away recently in Mumbai. He was 79.
Under the leadership of Dr. Gupta, the company grew from being a domestic Indian pharmaceutical company to a global pharmaceutical major. It is now the 4th largest generics pharmaceutical player by market capitalization in the world.