Important Financial & Banking Affairs 4th April with PDF download

Hello friends, This is the Updates of Banking Affairs  4 April 2017. This will helpful for tackling Banking awareness section in SBI, IBPS, SSC, UPSC Exams.

1. Under GST regime, tax evasion for non-bailable offense

The government has decided to make tax evasion of over Rs 5 crore under the proposed Goods and Services Tax regime as a non-bailable offence.

The earlier threshold for treating tax evasion as a cognizable and non-bailable offence was proposed to be at Rs 2.5 crore.

In a revised set of FAQs on GST, the CBEC said other offences under the act are non-cognizable and bailable.

2. Government announced subsidy upgradation

• Union Textile Minister Smriti Irani announced that the government has increased subsidy by 30 per cent for upgradation of powerloom sector and for the benefit of small weavers.
• Irani launched PowerTex India, a comprehensive power- loom development scheme today in Bhiwandi district of Maharashtra.
• PowerTex India scheme will benefit the small powerloom weaver’s to survive. For upgradation of powerloom sector government has increased subsidy by 30 per cent.

3. All India Institute of Ayurveda

• All India Institute of Ayurveda(AIIA) established at New Delhi at a cost of Rs. 157 crore.
• It is a 200 bedded referral hospital and shall impart PG & Ph.D degree courses in Ayurveda.
• 1st Batch of P.G. course has been started in 2016.
• The institute has started OPD & IPD facility with major specialties in Ayurveda. Presently AIIA is functional.

4. SASEC’s 7th member

• Myanmar has become the 7^th member of the South Asia Subregional Economic Cooperation (SASEC) partnership, opening up new markets and supply chain links for trade and business between South Asia and Southeast Asia.
• SASEC countries — Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka — coordinate the planning of projects and activities to increase economic growth by building transport connectivity, facilitating faster and more efficient trade, and promoting cross-border power trade.

5. Rashtriya Vayoshri Yojana

• “Rashtriya Vayoshri Yojana”, a ‘Scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category’ was launched in Nellore, Andhra Pradesh.
• The govt will provide devices to help the senior citizens to overcome their age related physical impairment and to lead a dignified and productive life.
• The scheme is expected to help 520000 senior citizens.

6. ‘MP e-nagarpalika’ app

• The Madhya Pradesh government has launched an app named ‘MP e-nagarpalika’ to provide various municipal services online.
• The mobile app was launched by state Chief Minister Shivraj Singh Chouhan. This app would offer 378 services like online payment of property tax, seeking building permission, birth/ marriage/death certificates etc. It will also register complaints related to garbage, water, streetlights etc.

7. Signing MoU to join in UDAY

• Mizoram has become the 27th State to join the Ujwal DISCOM Assurance Yojana (UDAY).
• Mizoram signed a Memorandum of Understanding (MoU) under the scheme on March 31 for operational improvement of the State’s Power Distribution Department.
• According to government estimates, the State will derive an overall net benefit of approximately Rs. 198 crore by opting to participate in UDAY, by way of cheaper funds, reduction in AT&C and transmission losses.

8. India  signs seven agreements

• Malaysian Prime Minister Najib Razak is on a 6-day visit to India. Two countries sign seven agreements including air services agreement and MoUs in education and sports.
• The pacts were signed after delegation-level talks between Prime Minister Narendra Modi and Malaysian Prime Minister Mohammed Najib Razak at Hyderabad House in New Delhi. This is Malaysian Prime Minister Najib Razak’s third visit to India since 2009.

9. SBI launch card

• Karnataka Bank and SBI Card announced their collaboration to launch co-branded credit cards for customers of Karnataka Bank.
• Through this alliance Karnataka Bank and SBI Card will launch two variants of the co-branded credit card  Karnataka Bank Platinum SBI Card and Karnataka Bank SimplySAVE SBI Card.

10. 19th commonwealth forestry conference

• 19th Commonwealth Forestry Conference (CFC) 2017 will begin today at Forest Research Institute (FRI) in Dehradun, Uttarakhand.
• Uttarakhand Governor Dr. K.K. Paul will inaugurate the 19th Commonwealth Forestry Conference at the FRI in Dehradun.
• The 5-day conference is being organized on the theme ‘Forests for Prosperity and Posterity’.

 

 

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