“Daily Current Affairs – 08/09/2017”

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International News:-

1)UJALA scheme launched in Malaysia:-

  • UJALA, One of the successful schemes by the Government of India has been launched in Melaka, Malaysia. It aims to sell LED bulbs at affordable price through Energy Efficiency Services Limited (EESL), under Ministry of Power.
  • Under this scheme, each household in Melaka will get 10 high quality 9-watt LED bulbs at a cost of only MYR 10 which is almost half the price offered in the market.
    Green Growth Asia, a non-profit organization will provide logistical assistance and facilitation support in the implementation of the scheme.
  • Launching the scheme Melaka Chief Minister said, “In due course of time, the successful Indian model of UJALA scheme has become a sought-after example for the different nations of the world.

2)China Bans Raising Funds through Crypto currencies:-

  • China has banned individuals and organizations from raising funds through Initial Coin Offerings (ICO), or launches of digital currencies, saying the practice constituted illegal fund-raising.
  • ICOs have become a bonanza for digital currency entrepreneurs, globally and in China, allowing them to raise large sums quickly by creating and selling digital “tokens” with little or no regulatory oversight.

National News:-

1)Task Force Constituted for Job Creation:-

  • To provide a major thrust to job creation by enhancing India’s exports, NITI Aayog has constituted an Expert Task Force under the chairmanship NITI Aayog Vice Chairman Dr Rajiv Kumar.

The task force will submit its report by November 2017:-

  • NITI Aayog said that to address India’s unemployment and under-employment issues, an urgent and sustained expansion of the organized sector is essential.
  • The panel will give recommendations on sector-specific policy interventions in key employment sectors and measures to enhance trade in services with high employment potential.
  • It will also propose a comprehensive plan of action to generate employment and alleviate under-employment in both goods and services sectors and low wages by boosting India’s exports in key labour-intensive industries.

2)BN Srikrishna Committee to Identify Key Data Protection Issues:-

  • An expert committee has been constituted under the Chairmanship of former apex court judge Justice BN Srikrishna to identify key data protection issues in India and recommend methods to address them.
  • The committee will study various issues and make specific suggestions for consideration of the government on the principles to be considered for data protection.
  • On the basis of the Committee’s report, a law regulating data protection will be passed, if required.

Economic News:-

1)India-Russia Business Dialogue should aim to bridge knowledge gap between businesses of both countries: Sushma Swaraj:-

  • External Affairs Minister Sushma Swaraj at the India-Russia Business Dialogue of Eastern Economic Forum (EEF) said that the dialogue should aim to bridge knowledge gap between businesses of both countries.
  • Speaking on the occasion in Russian port city Vladivostok, Ms Swaraj said, business dialogue between the two nations should exist to identify areas of common interest and potential with focus on mutual strengths and complementarity.
  • India and Russia’s business dialogue is to identify actions to be taken by both the governments to further facilitate investments and trade.
  • The EEF is considered as the biggest international communication platform for cooperation between businesses leaders and senior government representatives from Russia, the Pacific Region and the Association of Southeast Asian Nations (ASEAN).

2)Deadline for filing of GST Returns for July and August extended:-

  • Businesses will have more time to file the final GST returns as the government has extended the last date for filing of sales and purchase data as well as payment of taxes for the months of July and August.
  • Now sales return or GSTR-1 for July will have to be filed by September 10 instead of September 5 earlier and purchase returns or GSTR-2 would be filed by September 25 instead of September 10 earlier.
  • GSTR-3, which is the match of GSTR-1 and GSTR-2, will have to be filed by September 30, in place of September 15. The GST Implementation Committee GIC announced about it yesterday.
  • With regard to August, the date for filing GSTR-1, GSTR-2 and GSTR-3 has been extended to 5th, 10th and 15th October.
  • The industry has been demanding an extension of the date of filing final GST returns in view of scores of invoices to be uploaded. The government will shortly issue notification to extend the date of filing returns.

Awards:-

1)Punj Lloyd-Varaha Awarded NHAI Project in Myanmar:-

  • The National Highway Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha. This is for the upgradation of the Yagyi–Kalewa section in Myanmar to two lanes.
  • The estimated cost of the project is Rs. 1177 crore and it will be completed within 36 months.
  • Punj Lloyd-Varaha’s bid was identified as the most competitive among four qualified bidders.