Be Happy, Share & Help Each Other!!! - StudyIQ · crore on IDFC Bank for violation of certain norms. ... (IRAC) norms and delayed reporting of the information security incident involving

Be Happy, Share & Help Each Other!!!

Copyright @ Study-IQ education

V

Lecture

1- Quote

2- Editorials

3- Current Affair Q

4- Subjective Q

5-Vocabulary

6- Maps Practice

7- Capital & Currency

8-News Analysis

9-Revision



VeeR Talyan

@247veer


Delhi Edition of The Hindu

•A new generation of youth has taken to militancy since 2013

•Dialogue is vital(महत्वपूर्ण)


GST afterthoughts

Revenue Secretary Hasmukh Adhia conceded in an interview- Rates will be revised.

While GST has brought 27 lakh new registered entities into formal tax coverage in its •first three

months, just over half of those in the GST net are paying taxes and •ling tax returns.

Separately, Prime Minister Narendra Modi on Sunday sought to assure traders that anyone joining the

GST net will not be harassed by taxmen seeking scrutiny of their past records.

With Mr. Adhia now saying that the GST regime will take a year to stabilise and the government

signalling a major revamp in the coming days.

Still be some distance away from seeing the •final shape of India‟s one nation, one-tax plan.

But the real question is the timing and sequencing of changes.

On November 10, the Council is expected to take up more rate revisions, process simpli•cation

and the inclusion of real estate in the GST regime

Needs to be some real introspection about why those at the top were led to believe all GST systems

were ready



Shedding light on Saubhagya

Pradhan Mantri Sahaj Bijli Har GharYojana („Saubhagya‟) launched in September, which claims

to ensure electrification of all willing households in the country, is too ambitious a project.

While it makes grandiose promises to provide

• 1)- A free electricity connection to all willing Below Poverty Line households and

• 2)- To all others on a payment of ₹500 (which shall be recovered by the power distribution

companies/ power departments in 10 instalments along with electricity bills).

This new scheme is just a way of refurbishing(पुनर्णज्जा) the Deen Dayal Upadhyaya Gram Jyoti

Yojana (DDUGJY), the earlier scheme of rural electrification launched in July 2015, which aimed to

electrify all unelectrified villages by May 2018.

According to the definition, a village is considered to be electrified if 10% households have an

electricity connection and related basic infrastructure. (Forest & Education)

Furthermore, even in these 10% of households, there is no promise of minimum hours of supply.


The question we then need to ask is this: given that 90% of households may not have power supply

and of those 10% with electricity not having a regular supply, can we still consider such a village

to be electrified in a meaningful way?

The objective of the Saubhagya scheme is to “provide energy access to all by last mile connectivity

and electricity connections to all remaining un-electrified households in rural as well as urban areas

to achieve universal household electrification in the country.”

But it can guarantee neither

• 1)-Regular electricity supply nor

• 2)-Continuation of those connections in case of non-payment

Huge lapses as far as electricity availability- provision of providing one-two hours‟ supply a

day is not the same as provision of regular supply.

In the past three years, we have seen a series of policies and promises – Symbolically- bid to secure

popular support is concerned.


Continue…


News Analysis…Page-1-

₹2.11 lakh crore for PSU banks to boost lending

“Twin-balance sheet problem”

₹5.35 lakh crore for new road project- BharatMala


Bharat Mala project will include

1)-Economic corridors (9,000 km),

2)-Inter-corridor and feeder route (6,000 km),

3)-National corridors efficiency improvement (5,000 km),

4)-Border roads and

5)-International connectivity (2,000 km)


Bihar‟s biggest festival kicks off

Four-day Chhath puja begins; roads, riverbanks spruced up for devotees

The four-day Chhath festival, dedicated to the sun god, began on Tuesday

•


Page-3-


„Queen of Thumri’ Girija Devi dead

Eminent classical singer and

PadmaVibhushan awardee

Girija Devi passed away

She was 88 and is survived by her daughter.

Hindustani classical music -Thumri

Uttar Pradesh

Benaras gharana, Girija Devi was awarded

The Padma Shri in 1972,

The Padma Bhushan in 1989 and

The PadmaVibhushan in 2016.


Page-5-



Page-9-


New U.S. policy is a game changer: Ghani

Holds talks with Prime Minister Modi and

o•cials ahead of crucial visit of U.S. Secretary of

State Rex Tillerson to Delhi

India and Afghanistan discussed regional

counter-terror efforts and enhancing

New Delhi‟s defence assistance to Kabul during

a daylong working visit by Afghan

President Ashraf Ghani here on Tuesday


Page-10-


RBI slaps fines on YES, IDFC banks

The Reserve Bank of India has slapped ₹6 crore penalty on private sector lender YES Bank and ₹2

crore on IDFC Bank for violation of certain norms.

The central bank said that the penalty on YES Bank was on account of its non-compliance with the

directions issued by the RBI on Income Recognition Asset Classification (IRAC) norms and delayed

reporting of the information security incident involving ATMs of the bank.

Another private sector lender, IDFC Bank, which started operations only in October 2015, was

found guilty of contravening regulatory restrictions pertaining to loans and advances, the central

bank said.


Page-14-


Jitu Rai & Heena Sidhu clinch the mixed air pistol gold


Page-15-


World‟s oldest astrolabe(यंत्र) that guided ships to India found

Navigation tool may have been used in Vasco da Gama expedition

A Britain-based shipwreck

hunter said on Tuesday that

a navigation tool he found

that guided Portuguese

explorers on a perilous voyage

to India in the 16th century

has been confirmed as the

world‟s oldest astrolabe.

David Mearns found the

bronze disc during a dive on

a shipwreck off the coast of

Oman in 2014Copyright @ Study-IQ education

Page-18-


Last Day- Q’s- Ans…

👉 Russia is a Country in Eurasia (Europe + Asia)

Ural Mountains" bifurcate Russia into two.

👉 Intelligence Bureau(IB)

Establishment- 1887

HQ- New Delhi

It works under the "Ministry of Home Affairs."



Last Day- Q’s- Ans…👉 31st Olympic was held in Brazil, South America in 2016.

India bagged 2 medals in that Olympic Game.

1st in Wrestling (Bronze Medal)- Shakshi Malik

2nd in Badminton (Silver Medal)- P. V. Sindhu

👉 Naxalbari Movement was an armed Peasants Revolt in 1967 in Northern Part of West Bengal.

👉 Suez Canal connects the Mediterranean Sea to the Red Sea through the Isthmus of Suez.

👉 In the Constitution of India, total 3 Emergency was mentioned.

(i) Article 352 - National Emergency

(ii) Article 356- State Emergency or President Rule

(iii) Article 360 - Financial Emergency



Today Day- Question


Question:-

What is goods and services tax (GST) ? Discuss

salient features and benefits of passed GST bill

Also discuss the impact of GST on economy of

India . (200 Words)



Documents

Be Happy, Share & Help Each Other!!! - StudyIQ · crore on IDFC Bank for violation of certain norms. ... (IRAC) norms and delayed reporting of the information security incident involving