Ministries Current Affairs, GK & News

GST Council to reduce GST Rate on Electrical Vehicles from 12% to 5%

In a bid to promote electric mobility, the GST Council has decided to reduce GST Rate on Electrical Vehicles from 12% to 5% and on charger or charging stations for Electric vehicles from 18% to 5%. The new rates will come into effect from the 1st of August 2019. The Council also approved an exemption ..

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2019 G-20 Finance Ministers’ meeting to be held in Fukuoka

Finance Minister Nirmala Sitharaman will attend the two-day meeting of G-20 Finance Ministers and Central Bank governors in Japan on June 8 and 9. This will be the first overseas visit of Ms. Sitharaman as Finance Minister. Besides Ms. Sitharaman, RBI Governor Shaktikanta Das is also likely to attend the meeting at Fukuoka in Japan. ..

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The Information Fusion Centre – Indian Ocean Region (IFC-IOR) launched in Gurugram

Nirmala Sitharaman, the Defense Minister of India, has launched the Information Fusion Centre – Indian Ocean Region (IFC-IOR) to boost maritime security at Information Management and Analysis Centre (IMAC) Gurugram on 22 Dec 18. IFC will function as a platform where multiple friendly nations can freely exchange non-sensitive information. The intention of this collaborative endeavour ..

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India to operate Sri Lanka’s loss-making Mattala Rajapaksa International Airport in Hambantota

India will operate the Mattala Rajapaksa International Airport as a Sri Lanka-India joint venture in Hambantota. The $210 million facility, 241km south-east of Colombo, is dubbed the “world’s emptiest airport” due to a lack of flights. Mattala airport, named after former president Mahinda Rajapaksa, was funded through high interest Chinese commercial loans. The airport was ..

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Martin Vizcarra new president of Peru

Martin Vizcarra, a Peruvian engineer and former regional governor, has been sworn-in as the new president of Peru after his predecessor “Pedro Pablo Kuczynski” became the latest of the country’s leaders to resign amid corruption scandals and public repudiation.

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Vinay Sheel Oberoi committee constituted by Union Government to expedite capital acquisition for Armed Forces modernisation

Nirmala Sitharaman, the Union Defence Minister, has constituted a 13-member advisory committee to monitor and expedite capital acquisition projects for the modernization of the armed forces. The committee will undertake an independent review and check the status of ongoing critical projects worth more than Rs 500 crore. It will also suggest measures to improve the ..

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