Current Affairs

GST :-  Goods and Services Tax) is an important indirect tax system implemented in India from July 1, 2017, which has been described by the government and many economists as the biggest economic reform after independence.  With its implementation, a single indirect tax system has been implemented for the whole country by removing various taxes being levied by the Central Government and different State Governments at different rates.  An amendment was made to the Indian Constitution to implement this tax system. 

 The Prime Minister of India, Narendra Modi delivering a speech on Goods and Services Tax (GST) in the midnight of June 30, 2017.

 The Goods and Services Tax is governed by the Goods and Services Tax Council.  The Finance Minister of India is its chairman.  Under GST, goods and services are levied at the following rates, 0%, 5%, 12%, 18% and ,28% (5 types).  There is a special rate of 0.25% on coarse precious and semi-precious stones and 3% on gold.    

  Many years have passed since the announcement of demonetisation by Honorable Prime Minister Narendra Modi.  On November 8, 2016, Prime Minister Narendra Modi announced demonetisation in the country, after which 500 and 1000 notes were taken out of circulation from midnight on the same day.  Let us know how much has changed in these last years after demonetisation?

If you look at the figures, even after the last years of demonetisation, the trend of currency notes is increasing in the country.  However, along with this, digital payment is also growing rapidly and people are adopting cashless payment mode.

500 and 1000 notes were discontinued in demonetisation.  A few days later, the government issued a new 2000 rupee note of 500.  Later, Rs 200 note was also introduced.  And at the same time new notes of 100, 50, 20, 10 were also implemented.

After demonetisation, for the next several months, there was an atmosphere of panic in the country.  People had to stand in long lines in banks to deposit old notes and get new notes.  It was said that this would eliminate black money and reduce the circulation of cash.

The circulation of currency has increased so much

According to the data of the Reserve Bank, the value of the total notes in circulation in the country was Rs 17.74 lakh crore on November 4, 2016, before demonetisation.  But it increased to Rs 29.17 lakh crore on 29 October this year (2021).  That is, since demonetisation, there has been an increase of about 64 percent in the circulation of notes in terms of value.

In comparison in the last one year, the value of the notes in circulation as on 30 October 2020 was Rs 26.88 lakh crore.  That is, the circulation of notes increased by about 8.5 percent in the last one year during the Corona period.

The 2019 novel coronavirus originating from Wuhan city of China is an example of viruses of this group, whose infection is rapidly emerging as the 2019–20 Wuhan corona virus outbreak in the 2019-20 period.  Recently WHO named it as COVID-19.

 Coronaviruses are a group of viruses that cause disease in mammals and birds.  These are RNA viruses.  They can cause respiratory tract infections in humans whose severity can range from mild (eg, cold) to very severe (eg, death).  They can cause diarrhea in cows and pigs, while they can cause diseases of the upper respiratory tract in chickens.  No vaccine or antiviral is now available to prevent these and treatment depends on the animal's own immune system.  So far, the symptoms (such as dehydration or dehydration, fever, etc.) are treated to keep the body's strength fighting the infection.

 "two yards distance, mask is necessary"

 red: spike protein

 Brown: lipid bilayer cover

 yellow: enveloping protein bulge

 orange: membrane protein

 '2020 pandemic information in India'

 The 2019–20 coronavirus pandemic was confirmed to have spread from China to India on 30 January 2020.  Indian Council of Medical Research and Ministry of Health and Family Welfare have confirmed 3,37,66,707 cases of this virus in India till 24 September 2022 in which 4,48,339 people have died.  India currently has the highest number of confirmed cases in Asia.  India has 2.67 crore cases of COVID-19 infection, the second-highest number of confirmed deaths in the world (after the United States).  and COVID-19 deaths - with 307,231, the third highest number (after the United States and Brazil).