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Daily PIB Analysis For UPSC/IAS | Download PDF

Date: 20 March 2019

 

Ministry of Defence

  •  Indian Navy - first Responder to Cyclone 'IDAI' in Mozambique 19 Mar 19
  •  The ships of First Training Squadron of Indian Navy (Sujata, Sarathi and Shardul) operating in the Southern Indian Ocean were diverted to Port Beira, Mozambique based on request received from the Government of Mozambique to provide Humanitarian Assistance and Disaster Relief (HADR) to the local population post the devastation caused by cyclone 'IDAI' which struck the coast of Mozambique on 15 Mar 19.
  • INS Sujata along with ICGS Sarathi arrived at Port Beira morning of 18 Mar 19 whilst INS Shardul arrived on 19 Mar 19 and are providing necessary support to the local administration. Upon arrival at the port, the IN ships shifted from anchorage and berthed alongside taking advantage of the tide and commenced liaison work with local authorities immediately.
  •  Cyclone 'IDAI' made landfall at Beira, Mozambique in early hours of 15 Mar 19 causing widespread damage and loss of human life in the Central and Northern provinces of the country. Preliminary inputs indicate that city of Beira faced the maximum devastation with large scale damage to infrastructure. There are also reports of about 5000 personnel marooned at Buzi near Port Beira requiring immediate evacuation.

Ministry of Finance

  •  Decisions taken by the GST Council in the 34thmeeting held on 19thMarch, 2019 regarding GST rate on real estate sector
  • GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house. The council decided the modalities of the transition as follows.

 

 New tax rates:

  • The new tax rates which shall be applicable to new projects or ongoing projects which have exercised the above option to pay tax in the new regime are as follows.

(i) New rate of 1% without input tax credit (ITC) on construction of affordable houses shall be available for,

(a) all houses which meet the definition of affordable houses as decided by GSTC (area 60 sqm in metros / 90 sqm in non- metros and value upto RS. 45 lakhs), and

(b) affordable houses being constructed in ongoing projects under the existing central and state housing schemes presently eligible for concessional rate of 8% GST (after 1/3rd land abatement).

(ii) New rate of 5% without input tax creditshall be applicable on construction of,-

  1. a) all houses other than affordable houses in ongoing projects whether booked prior to or after 01.04.2019. In case of houses booked prior to 01.04.2019, new rate shall be available on instalments payable on or after 01.04.2019.
  2. b) all houses other than affordable houses in new projects.
  3. c) commercial apartments such as shops, offices etc. in a residential real estate project (RREP) in which the carpet area of commercial apartments is not more than 15% of total carpet area of all apartments.

 Ministry of Defence

  •  Curtain Raiser: Indo-Sri Lanka joint Exercise Mitra shakti-VI
  •  Exercise MITRA SHAKTI is conducted annually as part of military diplomacy and interaction between armies of India & Sri Lanka.
  • The joint exercise for the year 2018-19 will be conducted from 26 March to 08 April 2019 in Sri Lanka. Troops from 1 st Battalion the BIHAR Regiment of the Indian Army and Gemunu Watch Battalion of Sri Lankan Army would be jointly undertaking the exercise.
  •  The aim of the exercise is to build and promote close relations between armies of both the countries and to enhance ability of joint exercise commander to take military contingents of both nations under command.
  • The exercise will involve tactical level operations in an international Counter Insurgency and Counter Terrorist environment under United Nations mandate. Exercise MITRA SHAKTI-VI will go a long way in further cementing relationship between both the nations and will act as a catalyst in bringing synergy and cooperation at grassroots levels between both the armies.

 

 Ministry of Commerce & Industry

  • 14th CII-EXIM Bank Conclave on India-Africa Project Partnerships Concludes in New Delhi
  • The 14th CII-EXIM Bank Conclave on India-Africa Project Partnerships concluded in New Delhi today. The three-day conclave was organised by the Ministry of Commerce inassociation with Confederation of Indian Industry and EXIM Bank of India.
  •  Addressing the valedictory session, Commerce Secretary, Dr. AnupWadhawan said that trade ties with African countries have strengthened over the years and the relationship has been mutually beneficial. He said this conclave marks the preeminence of India-Africa partnership in the realm of South - South Cooperation at a time when the global economy is faced with intractable challenges that stem from rising protectionism and trade conflicts.
  • The India-Africa bilateral partnershipisfurther augmented by India’s ascendency as the growing major economy, as well as Africa’s new economic dynamism illustrated by some of the sub-Saharan economies featuring among the top 10 fastest growing economies in the world.