Current Affairs Business

  Chennai Corporation, Tamil Nadu launched India’s first waste exchange platform namely “Madras Waste Exchange” (www.madraswasteexchange.com) to buy and sell municipal solid waste online. It will run on a pilot basis for the first three months. Based on the response from public and waste recyclers, more features will be added to the website. The Madras Waste Exchange, which is both a web portal and an application, has been conceptualised by the Smart City Mission, with support from the Union Ministry of Housing and Urban Affairs.
Source: The Hindu

  Indian Railways has decided to grant 50% concession for the youth participating in the “Ek Bharat Shrestha Bharat” programme. The concession will be given in basic fares of Second and Sleeper Class to youths with emoluments of not more than 5000 rupees per month for travelling from one State to another State to take part in the programme. The concession has been granted as a special case and it is admissible only in the normal train services and not for booking of Special Trains or Coaches. This concession will be provided on production of requisite certificate in the prescribed railway format from the Secretary of concerned Department of Human Resource Development of various States.
Source: The News on AIR

  The Goods and Services Tax or GST Council has fixed a uniform tax rate of 28% on both state-run and private lottery. It also decided to rationalise the GST rate on woven and non-woven bags to 18%. It was for the first time that the GST Council resorted to voting to decide on an issue as it fixed a uniform tax rate on both state and private lotteries. The GST Council also decided to exempt upfront amount payable for long term lease of industrial and financial infrastructure plots by an entity having 20% or more ownership of Central or State Government.
Source: The News on AIR

  India and the US have signed an agreement to facilitate the transfer of defence technology. During a 2+2 dialogue held at Washington DC, the top foreign affairs and defence leaders on growing strategic relations between the world`s largest and most powerful democracies. India and the US have a common vision of a free, seamless and peaceful Indo-Pacific region. India has bought weapons worth more than $15 billion from the United States over the past decade as it seeks to replace its Russian-origin military and is in talks for helicopters, armed drones and a bigger Indian plan for local production of combat planes together worth billions of dollars.
Source: The Livemint

  The government announced Rs 436 crore outlay for skilling 4 lakh professionals in futuristic areas such as artificial intelligence, blockchain, and cybersecurity over the next 3 years. The ”Future Skills PRIME” programme will be jointly rolled out by the information technology ministry and industry body Nasscom and will seek to position the initiative as India stack for digital talent. The programme will increase employability.
Source: The Economic Times

  Lok Sabha speaker Om Birla inaugurated the 79th Conference of Presiding Officers of Legislative Bodies. The conference was held in Dehradun. The presiding officers of all state legislatures participated in the conference. Lok Sabha speaker Om Birla was also conferred the guard of honour during the conference.
Source: The DD News

  Union Minister of State for Home affairs inaugurate a National Conference on ‘Uniformed Women in Prisons Administration’ begins in Central Academy for Police Training in Bhopal, Madhya Pradesh. In this Conference, uniformed women officers and staff of all the states from Jail Wardens up to Director Inspector Generals level, members of non-governmental organizations, representatives of academic institutions and officers of other government departments are taking part in the conference. At present, there are more than 900 uniformed women government servants working in the state jail department.
Source: The News on AIR

 Summit on “Environmental Sustainability and Economic Development” was held in Delhi. Union Minister of Environment, Forest and Climate Change addressed the summit with the concerns about the depleting ozone layer and the emission of Cfcs and Hfcs. He stated that there is the need of the hour to call upon a meeting to control the minimum temperatures and to keep a check on the emissions.
Source: The DD News

  “Amazon.com Inc”, “Apple Inc” and Alphabet Inc’s “Google” have announced a partnership to lay the groundwork for better compatibility among their smart home products. Zigbee Alliance, whose members include IKEA and NXP Semiconductors among others, will also contribute to the project, titled ‘Connected Home over IP’. The partnership aims to make it easier for device manufacturers to build products that are compatible with smart home and voice services such as Alexa, Siri and Google Assistant.
Source: The Hindu

  Infosys has announced the launch of three blockchain-powered distributed applications. The applications will be dedicated for government services, insurance, and supply chain management domains. The applications are equipped with predictive return on investment (ROI) analytics for business investments that can be tailored to meet numerous industry-specific needs.
Source: The Economic Times


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