11-10-21 Daily-Punjab-PPSC Current Affairs

The sectoral analysis of the GST receipts of the State suggest healthy Growth in sectors such as Iron and Steel, Automobiles, Insurance, Telecom, Transport, Banking and non-VAT petroleum products, said an official spokesperson of the Commissionerate.

The GST revenue, up to the month of September 2021, has witnessed a high growth of nearly 67.55 per cent as compared to corresponding period last year. Even, when compared to the pre-pandemic financial year of 2019-20, the growth during the first half of the current year is 54 per cent higher.

Besides, the Base Effect of the abnormal previous year, the said growth is attributed to strong anti-evasion activities of the department, better compliance by the taxpayers, effective data analysis based on machine Learning and intelligent on-road detention with special focus on taxpayers engaged in fake billing, added the spokesperson. The positive trend witnessed in the revenue so far is likely to continue in the coming months as well, said the spokesperson while adding that the fiscal year 2021-22 reflected a tremendous growth as compared to the same period last year, for VAT and CST revenue collection have displayed a growth of 41.09 per cent and 18.68 per cent this year.

The total revenue collection comprising GST, VAT and CST registered a growth of 29.47 percent with a collection of Rs 1,965.99 crore this September as against Rs 1,518.52 crore during the corresponding month of 2020-21.

Shipping Minister Sonowal, Minister of Shipping and Waterways, launched the My Port app to monitor port operations digitally.

Highlights:

The app was launched on 8 October in Kolkata for promoting transparency and accessible access port related information

The app is targeted towards the port users to avail various port Services, including all port details and monitor operations digitally.

It also has various information like Vessel Berthing, rake receipt, rake and indent, tariff, bills, container status, holidays.

These can be accessed anywhere and reach at any time and anywhere.

The Award given by the Astronautical Society of India (ASI), is presented to Secretary DDR&D and Chairman DRDO Dr G Satheesh Reddy

Highlights

The award is presented for his outstanding lifetime contribution to the promotion of astronautics in India.

Dr Reddy is a pioneer within the area of R&D of advanced avionics, Navigation, and missile technologies.

Dr Reddy has contributed a lot to strategic and tactical missile systems and helped the country become self-reliant in critical DEFENCE technologies.

He’s has found mechanisms to determine robust defence development and production ecosystem.

Dr Abdul Qadeer Khan, also known as Father of Pakistans nuclear bomb has passed away.

Highlights

The atomic scientist, Dr Khan was the first man to transform Pakistan into the worlds first Islamic nuclear power.

He was known as Father Of Pakistans Nuclear Bomb in the said country.

He was also praised for his contributions to enhancing the countrys DEFENCE capabilities.

Dr Khan was born in 1936 in Bhopal and migrated to Pakistan during the partition.

He died on 10 October at 7 am at Khan Research Laboratories hospital due to internal bleeding in his lungs.

India has agreed to provide USD 200mn as a line of Credit support for developing Projects in Kyrgyzstan.

Highlights:

External Affairs Minister S Jaishankar and Kyrgyz Foreign Minister Ruslan Kazakbaev had agreed upon this Line of Credit.

Kazakhstan is the current Chair and initiator of the CICA Forum.

Jaishankar also has bilateral talks with the Deputy Prime Minister and Foreign Minister of Kazakhstan, Mukhtar Tileuberdi.

They also discussed liberal visa regimes between both the countries and liberal visa regimes between both the countries.
As India is developing its nuclear and Kazakhstan happens to have substantial uranium deposits, A strong relationship between the two countries is crucial.

The Forward Action Plan On Power was signed at the 3rd India-UK Energy for Growth PARTNERSHIP Ministerial Energy Dialogue.

Highlights:

Both India and UK agreed on the Forward action plan which includes, energy storage, smart grids, charging , green hydrogen, battery storage and the need to mobilising investments across RENEWABLE ENERGY.

India and UK also discussed the possibility of setting up a World Bank for green energy, which was the foreground to the forward action plan on power.

Energy transition activities were the majority discussed topics between the countries under which renewables like solar, wind, EVs and other alternative fuels were discussed.

There hasnt been much hold on the <a href="https://exam.pscnotes.com/green-Climate-fund”>Green Climate Fund that was established to provide $100 billion yearly to emerging nations by 2020 in a bid to counter Climate Change.

Green hydrogen is produced by splitting water into hydrogen and Oxygen by electrolyser, powered by electricity from renewable energy like wind and solar.