All India Radio News Summary: 22 OCTOBER 2017

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All India Radio News Summary: 22 OCTOBER 2017


  1. 4th meeting of India-Bangladesh Joint Consultative Commission

External Affairs Minister arrived in Dhaka a two-day visit to Bangladesh to participate in the 4th meeting of India-Bangladesh Joint Consultative Commission.

  • The meeting will cover all important aspects of the bilateral relationship including security, trade, water, sub-regional connectivity, power, economic co-operation and cultural issues.  
  • 2 MOUs are scheduled to be signed after the meeting.
    • One is the Sale & Purchase Agreement between India’s Numaligarh Refinery Ltd (NRL) and the Bangladesh Petroleum Corporation for long-term supply of high speed diesel.
    • The other deal is for the establishment of a Common Facility Centre for small and medium scale enterprisesin the Institute of Diploma Engineers of Bangladesh in Khulna.

 

  1. A complete overhauling of GST tax rate required to reduce burden on small and medium business.

Revenue Secretary said that complete overhauling of the Goods and Services Tax rates is required to reduce the burden on small and medium businesses.

  • The GST, which amalgamates more than a dozen central and state levies like excise duty, service tax and VAT, will take about a year to stabilise.
  • The overhauling would require some calculations by the fitment committee, which will decide which items need a rationalisation of rate under the GST regime.
  • The committee will work on it for a month and then the GST Council will try and bring something as early as in Guwahati or later on.

The 23rd meeting of the GST Council, chaired by Union Finance Minister and comprising of representatives of all states, will be held in Guwahati on 10th next month.  Nearly four months since its introduction, the new indirect tax threw up many issues, which the GST Council — the highest decision-making body of the new regime — has addressed through several rounds of changes.

 

  1. Banks and financial institutions to check the original identification documents of individuals dealing in cash

The Government has made it mandatory for banks and financial institutions to check the original identification documents of individuals dealing in cash above the prescribed threshold, to weed out the use of forged or fake copies.

  • The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules.
  • The Gazette notification said in case the officially valid document furnished does not contain updated address, a utility bill like electricity, telephone, post-paid mobile phone, piped gas or water bill which is not more than two months old can be considered as a proof of address.
  • The Prevention of Money Laundering Act (PMLA) forms the core of the legal framework put in place by India to combat money laundering and generation of black money.
  1. The Apex Court has asked West Bengal, Haryana and Uttar Pradesh governments to ensure funds for providing shelters to urban homeless

The Apex Court has asked West Bengal, Haryana and Uttar Pradesh governments to ensure funds for providing shelters to urban homeless and constituting Committees for this purpose in local bodies of these states.

  • The court has expressed concern over non-utilisation of funds for this objective in these states.
  • Seeking a roadmap from three states on how they plan to provide such shelters, the apex court has observed that the executive committees to oversee the implementation of the National Urban Livelihood Mission (NULM) have not been constituted by most of the Urban Local Bodies (ULB) in the states.

 

  1. Supreme Court has asked the Centre to facilitate setting up of State Commissions for Women within six weeks

Supreme Court has asked the Centre to facilitate setting up of State Commissions for Women within six weeks in those states where do not exist.

  • The court asked the Centre if state commissions for women, SCW, actually exist across the country.
  • The apex court raised the question as it dealt with the issue of precarious conditions faced by destitute widows living in Vrindavan and such other places in the country.

 

  1. Typhoon ‘Lan’

Heavy rain and wind, due to a powerful typhoon neared, lashed southern Japan. It forced to cancel hundreds of flights and disrupted rail services. The Japan Meteorological Agency said Typhoon ‘Lan’ was situated at east of Okinawa this morning and moving northeast at 40 kilometre per hour. It was expected to near the Japanese capital tomorrow morning before veering east into the Northern Pacific. The agency issued warnings for heavy rain and flooding in the Pacific side of Japan including the Tokyo metropolitan areas.

 

  1. India concerned about Rohingya refugees; External Affairs Minister says New Delhi supports their repatriation to Myanmar.

India said that Rohingya refugees who have poured into Bangladesh recently must be taken back by Myanmar from where they have been displaced.

  • India is deeply concerned at the spate of violence in Rakhine state of Myanmar.
  • She said normalcy will only be restored with the return of the displaced persons to Rakhine state.
  • India was urged to contribute towards exerting sustained pressure on Myanmar to find a peaceful solution to the crisis, including return of Rohingyas to their homeland.

 

  1. In Japan, Prime Minister Shinzo Abe’s ruling coalition wins majority in general elections.

Japanese Prime Minister Shinzo Abe’s Liberal Democratic Party has secured enough seats in general elections to maintain what is known as an absolute stable majority. It will allow the parties to maneuver legislation through the Lower House smoothly. With an absolute stable majority, it will have the ability to chair all standing committees and fill a majority of seats

 

Abe wants to change Japan’s self-defence force into a national army for the first time since the Second World War. Mr Abe announced the election on 25th of last month, saying he needed a fresh mandate in order to deal with the national crises facing Japan. The crises include North Korea, which has threatened to ‘sink’ Japan into the sea.