Current affairs : January 17, 2017 for all competitive exams

GST: Centre, States reach consensus over dual control, roll out likely from July 1
The Goods and Services Tax (GST) Council has arrived at a consensus on contentious issues such as administrative control over tax payers in the new indirect tax regime, thus paving the way for GST to be introduced this year, although three months after the Centre’s original rollout deadline of April 1, 2017.
  • The consensus was reached after the Centre agreed to the demand of states to go in for horizontal split with regard to tax payers based on annual turnover.


National Alliance against online Child sexual abuse and exploitation
The Ministry of Women & Child Development is planning to form a National Alliance against   Online Child Sexual Abuse and Exploitation.

Current affairs : January 16, 2017 for all competitive exams

India’s rising income inequality: Richest 1% own 58% of total wealth
According to a study by rights group Oxfam, India’s richest 1% now hold a huge 58% of the country’s total wealth — higher than the global figure of about 50%. In the report titled ‘An economy for the 99 per cent’, Oxfam said it is time to build a human economy that benefits everyone, not just the privileged few.
  • Just 57 billionaires in India now have same wealth ($ 216 billion) as that of the bottom 70% population of the country.
  • The richest 1% has owned more wealth than the rest of the planet. Globally, just 8 billionaires have the same amount of wealth as the poorest 50% of the world population.

Current affairs : January 15, 2017 for all competitive exams

69th Army Day being observed on 15th January 2017
69th Army Day is being observed today (15th January 2017). The day marks the taking over of the Indian Army by the first Indian Commander-in-Chief, Field Marshal KM Cariappa, on January 15, 1948. 
  • He took over the reins of the Army from Lieutenant General Sir Francis Butcher, the last British Commander-in-Chief and became the first Commander-in-Chief of the independent India. 
  • The day is celebrated to pay homage and salute to the courageous and brave Indian soldiers who have been sacrificing their lives for protecting the country.

Current affairs : January 14, 2017 for all competitive exams

Indian harvest festivals:
The Harvest season is on and festivities have gripped the nation from the north to down south.
  • The festival of Makar Sankranti is being celebrated today when the Sun enters the Makar zodiac and the days begin to lengthen compared to nights.
  • In South India and particularly in Tamil Nadu, it’s the festival of Pongal which is being celebrated over 4 days at harvest time.


Signing of Bilateral Advance Pricing Agreement by CBDT
The Central Board of Direct Taxes (CBDT) has entered into a Bilateral Advance Pricing Agreement (BAPA) with Indian subsidiary of a Japanese trading company.
  • With this, total three Bilateral APAs are now signed with Indian subsidiaries of Japanese companies all including rollbacks. The total number of bilateral APAs entered into by the CBDT is now eight.

Current affairs : January 13, 2017 for all competitive exams

Niti Aayog calls for review of RTE Act
The Niti Aayog has called for a review of the provisions of the Right To Education Act that stipulate that children who don’t perform well cannot be held back up to class VIII. It said the good intention behind the norm is detrimental to the learning process.
  • The Right To Education (RTE) Act, which aims to provide primary education to all children aged 6-14 years, stipulates that no child can be held back in a grade, regardless of his performance, all the way up to the eight grade. 
  • This means that a child is entitled to an eighth grade diploma even if he cannot recognise a single letter or a number if he has spent eight years in school.


Complete disciplinary inquiries in time: Central Vigilance Commission to departments
Irked over delay in completion of departmental inquiries, the Central Vigilance Commission (CVC) has asked all departments to ensure that such proceedings are completed in time.
  • The commission has observed that all departmental inquiries need to be completed in time so that an honest employee is not harassed.

Current affairs : January 12, 2017 for all competitive exams

National Youth Festival
National Youth Festival is organized every year by the Department of Youth Affairs of Union Ministry of Youth Affairs and Sports on the birth anniversary of Swami Vivekananda on January 12.
  • This time the festival is being organized in Rohtak, Haryana.
  • Theme- Youth for Digital India.


Air pollution a national problem
According to an analysis of 2015 data by Greenpeace India, pollution levels in various cities across the country ae alarming.

Current affairs : January 11, 2017 for all competitive exams

Post demonetisation, World Bank drops India's growth rate to 7 %
The World Bank has decelerated India's growth for 2016-17 fiscal to 7% from its previous estimate of 7.6%.The World Bank stated that immediate withdrawal of a large volume of currency in circulation and subsequent replacement with new notes in India contributed to slowing growth.
  • Also, the country would regain momentum in the following years with 7.6 and 7.8% growth. According to the report, India maintains the distinction of being the fastest growing emerging market economies of the world, bypassing China.
Modi inaugurates Nobel Prize exhibition in Gujarat
Prime Minister Narendra Modi has inaugurated the 'The Nobel Prize' exhibition at Science City in Gandhinagar.