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Important Current Affairs 25th February 2019

NATIONAL:

GST Council reduces GST Rate on Real Estate projects

• The Goods and Services Tax (GST) Council met on February 24, 2019 for its 33rd meeting and slashed GST rate on under-construction residential properties and the affordable housing projects.

• In case of non-affordable houses, the GST rate for under-construction flats and houses has been brought to 5 percent without Input Tax Credit (ITC), down from the present 12 percent. In case of affordable houses, the GST rate has been reduced to 1 percent without ITC from 8 percent.

Aero India 2019 culminates; Drone Olympics held

• The 12th biennial edition of International Aerospace and Defence Exhibition, Aero India 2019 culminated on February 24, 2019 at Air Force Station Yelahanka in Bengaluru.

• For the first time, the 2019 edition of Aero India combined the defence and civil aviation segments into a holistic event with the co-involvement of the defence and civil aviation ministries. The 12th edition of Aero India intended to be a “Runway to a billion opportunities” and put India on the Global map.

PM-KISAN: PM Modi launches ‘Pradhan Mantri Kisan Samman Nidhi Yojana’ from Gorakhpur, UP

• The Prime Minister Narendra Modi on February 24, 2019 launched the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) from Gorakhpur, Uttar Pradesh.

• On the launch day itself, the first instalment of Rs 2,000 was directly credited to the bank accounts of selected beneficiary farmers. Around 12 crore farmers are expected to benefit from PM-KISAN. The Pradhan Mantri Kisan Samman Nidhi Yojana was announced in the Union Interim Budget 2019 by Finance Minister Piyush Goyal.

PM Modi dedicates National War Memorial to the nation

• Prime Minister Narendra Modi on February 25, 2019 dedicated the National War Memorial to the nation in a solemn ceremonial function in New Delhi.

• The National War Memorial, located near the India Gate in New Delhi, is a fitting tribute to the soldiers who laid down their lives defending the nation, post-independence. The Memorial commemorates the soldiers who participated and made the supreme sacrifice in Peace Keeping Missions, and Counter Insurgency Operations.

Government launches Rail Drishti Dashboard to keep people informed about ongoing Railway works

• Railway Minister Piyush Goyal launched Rail Drishti Dashboard in New Delhi to keep people informed about the work going on in the Railways across the country. The Ministry of Railways will get suggestions and comments through the platform and will plan on future actions.

• The information gathered by technology and other means can benefit if there is proper data analysis.  People will get useful information from Rail Drishti through Railway WiFi facilities that are continuously expanding in the country.

INTERNATIONAL:

Oscars 2019: ‘Bohemian Rhapsody’ wins most Oscars

• The 91st Academy Awards, popularly known as Oscar Awards, were conferred on February 24, 2019 (February 25 as per Indian time). 'Bohemian Rhapsody', nominated for five Oscars, won the most Oscars at the award show.

• The ‘Period. End of Sentence’, a film on menstruation set in rural India, won the Oscar in the Documentary - Short Subject category at the 91st Academy Awards. The film has been directed by Rayka Zehtabchi and produced by Indian producer Guneet Monga’s Sikhya Entertainment.

Afghanistan begins export to India via Chabahar port

• Afghanistan has begun exports to India through Iran’s Chabahar port. At the inauguration of the new export route in Zaranj city in western Nimroz province, President Ashraf Ghani said Chabahar port is the result of healthy cooperation between India, Iran and Afghanistan.

• Afghanistan’s exports will increase to two billion dollar from the current one billion dollar in the next year.

• Indian ambassador Vinay Kumar said Afghanistan’s exports to India have increased by 40 percent after the launch of air corridor between Kabul and New Delhi.

 23 trucks carrying 57 tonnes of dried fruits, textiles, carpets and mineral products were dispatched from Zaranj to Chabahar port to be shipped to Mumbai.

Cobra Gold, one of world’s largest multinational military exercises, held in Thailand

• Thailand and the United States hosted the annual Cobra Gold military exercise, the biggest activity of its type in the Asia-Pacific region with 29 nations taking part as participants or observers.

• Apart from the 2 countries, 7 countries who participated in the exercise were India, Singapore, Japan, China, Indonesia, Malaysia and South Korea.

• The Indian Army participated in the military training exercise with a 14-member contingent.

• Thai Chief of Defense Forces,Gen. Pornpipat Benyasri and the commander of the U.S. Army.

BANKING & FINANCE

RBI formalised USD 75-billion swap pacts with Bank of Japan

• This arrangement would bring in greater stability to the foreign exchange and capital markets in India since it will enable the availability of $75-billion in foreign capital for use as and when the need arises. 

• In February, the rupee had shown signs of a rebound and it remained one of the best performing among the emerging market currencies. 

• The rupee closed at 71.14 on Friday. The local unit fell about 2% so far this year, after an 8.5% drop in 2018 amid sharp swings in global crude oil prices.

SPORTS

India suspended by IOC from Hosting International Sporting Events after Pakistan Shooters were Denied Visa

• The International Olympic Committee (IOC) suspended all Indian applications to host future events and urged international sports federations not to stage competitions in the country after two Pakistanis were denied visas to compete in New Delhi.

• It was after India denied of entry visas for two shooters from Pakistan who were due to take part in the International Shooting Sport Federation (ISSF) World Cup event held in New Delhi following the attack by a Pakistan-based militant group in Pulwama, which killed at least 40 CRPF paramilitary police.

• The IOC Executive Board decided to suspend all discussions with the Indian National Olympic Committee (NOC) and Government regarding the potential applications for hosting future sports and Olympic–related events in India, until clear written guarantees are obtained from the Indian government to ensure the entry of all participants in such events in full compliance with the rules of the Olympic Charter.

AWARDS & RECOGNITION

ONGC Rajahmundry wins environmental excellence award

• Oil and Natural Gas Corporation (ONGC)’s Rajahmundry unit won the Energy and Environment Foundation Global Clean Awards-2019 for sustained efforts in pursuit of Swachh Bharat Mission as envisioned by Prime Minister Narendra Modi, at a function in New Delhi.

•  It has also received Platinum Award under Apex India Environment Excellence Award 2018from Apex India Foundation for excellence in environmental management in Petroleum Sector.

Manpreet Singh named as Player of the Year and Lalremsiami as Rising Player of The Year by the Asian Hockey Federation

• Harmanpreet Singh was awarded the 2018 Player of the Year award while women’s team striker Lalremsiami as the Rising Player of The Year, by the Asian Hockey Federation.

• Harmanpreet Singh led the Indian team to an unbeaten streak at the Asian Champions Trophy in Muscat where the team was declared joint winners with Pakistan and also contributed to the team’s silver medal win at the FIH Champions Trophy in Breda. 18-year-old Lalremsiami, has shown remarkable progress in the women’s team with her impressive performance as a striker at the 2018 World Cup and the Asian Games where the team won Silver medal and was also a part of the Youth Olympics in Buenos Aires where theunder-18 team won a silver.

• The Indian men’s team was awarded the Best Performance of The Year for being the only Asian side to have reached the top eight at the World Cup in Bhubaneswar.

balvant chauhan 1 Months ago
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