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Today Gk Updates - 15th March 2020 Current Affairs

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Today Gk Updates – 15th March 2020 Current Affairs

 

1. GST rates on mobile phones increased to 18% from 12% w.e.f. 1st April

  • The Goods and Services Tax Council decided to increase GST rates on mobile phones to 18 per cent from 12 per cent with effect from 1st of April. The Council also decided to slash GST on maintenance, repair and overhaul services for aircraft to five per cent from 12 per cent while the tax rate on handmade and machine-made matchsticks has been rationalized to 12 per cent.
  • Finance Minister Nirmala Sitharaman said that the council has decided to waive the late fee for delayed filing of annual returns for the financial years 2018 and 2019 by entities with a turnover of less than Rs two crore. The Minister also said that interest will be levied on net tax liability from 1st of July for delayed GST payments.
  • The council has asked Infosys, which has designed the GSTN, to provide a better groomed GSTN system by July, 2020.

 

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Goods and Services Tax is an indirect tax on the supply of goods and services. Goods and services are divided into five different tax slabs for collection of tax – 0%, 5%, 12%, 18% and 28%.

 

2. IPL 2020 postponed till April 15 due to Coronavirus

  • The rise in the number of coronavirus cases has prompted the Board of Control for Cricket in India (BCCI) to postpone IPL 2020. As a precautionary measure, the BCCI postponed the tournament till April 15. The Twenty20 cricket tournament was scheduled to commence on March 29.
  • BCCI President Sourav Ganguly has said that this year’s Indian Premier League (IPL) will be a truncated affair.

 

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The 2020 Indian Premier League will be the thirteenth season of the IPL.

 

3. UP govt launches schemes for skill development & employment generation for youths

  • Uttar Pradesh CM Yogi Adityanath launched three ambitious schemes for skill development and employment generation for youths in the state – Kaushal Satrang, Yuva Hub and CM apprenticeship scheme.
  • Kaushal Satrang will have seven components which will provide opportunities to the youth. Last month, the ‘Yuva Hub’ scheme was allocated Rs 1,200 crore in the state budget and it aims at providing employment to thousands of skilled youth by assisting in project concept and financial help for one year of operation.
  • CM Yuva Hub will also facilitate setting up of 30,000 startups in the state while CM apprenticeship scheme will provide a stipend of Rs 2500 to the youth of the state.

 

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UP Governor: Anandiben Patel; Capital: Lucknow

 

4. Facebook launches ‘Pragati’ to boost women entrepreneurship in India

  • Facebook India called for applications for its CSR initiative, Facebook Pragati. The initiative will accelerate women-led non-profits start-ups that are working to drive women entrepreneurship and to spread awareness and adoption of technology among women in India.
  • Facebook Pragati will award four grants of up to 50 lakh for each non-profit to scale their work.
  • Apart from creating sustainability, this will also allow founders to spend time on strategic growth, resulting in scaling up faster.

 

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Facebook CEO: Mark Zuckerberg; Founded: February 2004

 

5. Saurashtra clinch maiden Ranji Trophy title

  • Jaydev Unadkat led Saurashtra clinched its maiden Ranji Trophy title at the Saurashtra Cricket Association Stadium.
  • As per the rules, if the final of the Ranji Trophy is headed towards a draw, then the winner is decided on the basis of a first-innings lead. Whoever manages to take the lead in the first innings is declared as the champion.

 

Daily Current Affairs for SBI CLERK Exams

The Ranji Trophy is a domestic first-class cricket championship played in India between multiple teams representing regional and state cricket associations.

 

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