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Important Current Affairs 14th October 2019

NATIONAL:

New version of return filing portal to be launched by GST Network

• The Goods and Services Tax Network (GSTN) is to launch an improved version of the GST return filing portal on 22 October. It aims to make the process easier. The announcement was made by the GST Network CEO, Prakash Kumar.

• GST benefit:

♦ GST has reduced complexity by lowering the number of forms to be filed by businesses to 12. Previously it was 495 under as many as 17 central and state laws.

♦ Data that is shared by indirect tax administration with the income tax department has helped in detecting mismatches.

♦ Currently, there are 12.3 million registered GST taxpayers.

India, China to set up high level group to tackle Indias trade deficit

Indian Prime Minister Narendra Modi and Chinese President Xi Jinping agreed to set up a high-level group to tackle India's trade deficit at the summit held in Mamallapuram, Tamil Nadu. The high-level group will be led by Finance Minister Nirmala Sitharaman from the Indian side and Chinese Vice Premier Hu Chunhua.

Highlights:

♦ The leaders discussed to improve bilateral ties

♦ The summit aimed to break through distrust over border disputes, trade rows, and China’s close military ties with Pakistan

♦ The leaders also said that a new mechanism would be established to discuss trade, investment, and services

♦ China urged India to take an independent decision on Huawei’s bid for India’s proposed 3G network without heeding to U.S. pressure

It was also suggested that the two sides to expand cooperation in the military sector to boost trust

Centre to fund Rs.25 lakh crore for infrastructural development

• Centre has announced Rs.25 lakh crore for infrastructural development in the villages across the country. It was announced by Prime Minister Narendra Modi on 13 October. The move aims to strengthen rural infrastructure. The fund will be used to construct modern storage centres for crops also.

Aim:

The fund comes with a broader vision for farmers. Centre has been taking steps to solve the problems of farmers permanently.

Other measures:

♦ Among the allocated Rs.25 lakh crore, Rs.3.5 lakh crore will be used for water conservation and building facilities for water conservation.

♦ The government is also carrying work by constructing roads of the village.

♦ klavya Model School is to be introduced by the government to enhance the education and skills of tribal children.

INTERNATIONAL:

Prahlad Singh Patel participated in the BRICS Culture Ministers Meet

• BRICS Culture Ministers’ Meet was held at Curitiba, Brazil.  Shri Prahlad Singh Patel, Union Minister of State for Culture and Tourism (Independent Charge), participated in the meeting. In the meeting, the countries reaffirmed to contribute towards stronger bonds of friendship and cooperation in cultural fields amongst member countries.

• India-BRICS relationship:

♦ With its rich cultural heritage and traditions, India has contributed towards stronger bonds of friendship and cooperation in the fields of Cultural Heritage, Archives, Literature, Theatre for children and young people, Films, Arts, Museums & Galleries, etc.

♦ India's National Gallery of Modern Arts of India, under BRICS Alliance of Museums and Art Galleries, is to host Bonding Regions & Imagining Cultural Synergies during November-December, 2019.

DAYS:

World Standards Day observed on 14 October

• World Standards Day is observed on 14th October 2019. The day is observed every year. The day is observed to raise awareness of the significance of standardization to the global economy.

The day is celebrated globally by the members of the International Electrotechnical Commission (IEC), International Organization for Standardization (ISO) and International Telecommunications Union (ITU), Institute of Electrical and Electronics Employees (IEEE), Internet Engineering Task Force (IETF), etc.

• Aim:

The day aims to pay tribute to the collaborative efforts of the experts all over the world who developed the voluntary technical agreements that are published as International Standards. It aims to make the world aware of the significance of standardization and its relevance to the global economy.

SPORTS:

Lakshya Sen won the Dutch Open mens singles title at Almere

• Indian shuttler Lakshya Sen won the Dutch Open men's singles title 2019 at Almere, Netherlands. This is his maiden Badminton World Federation (BWF) World Tour title. He won the title by defeating Yusuke Onodera of Japan in the summit. He secured 15-21 21-14 21-15 to defeat Onodera.

• Lakshya Sen currently ranked 72nd. He had won the Belgian Open in September and reached the finals of Polish Open 2019.

• Result:

Men's Singles: Lakshya Sen (India)

Women's Singles: Wang Zhiyi (China)

Men's Doubles: Vladimir Ivanov, Ivan Sozonov (Russia)

Women's Doubles: Gabriela Stoeva, Bulgaria Stefani Stoeva (Bulgaria)

Mixed Doubles: Robin Tabeling, Selena Piek (Netherlands)

Gauff became the youngest American woman to claim WTA title

• Coco Gauff won the Linz Open title on 13 October 2019 in Austria. She became the youngest American woman to win a tour singles title since 1991 to win the Women's Tennis Association (WTA) title. Because of this win, Coco Gauff is set to become World No. 71.

The previous record was set by Jennifer Capriati in 1991. Venus and Serena Williams won their first WTA titles when they were 17.

• Result:

Women's singles: United States Coco Gauff

Women's doubles: Czech Republic Barbora Krejčiková, Kateřina Siniakova.