Daily Current Affairs Updates– 6th December 2015:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.
Dr. Arvind Subramanian panel recommends standard rate of 17-18%:
· A panel underchief economic adviserArvind Subramanian, constituted by the government to decide ongoods and services tax (GST) rates, has recommended arevenue-neutral rate of 15-15.5%, with astandard rate of 17-18% which will be levied on most goods and all services.
· The panel has recommended a three-tier rate structure wherein some essential goods will be taxed at a lower rate of 12%; so-called demerit goods such as luxury cars, aerated beverages, pan masala and tobacco products at a higher rate of 40%; and all remaining goods at astandard rate of 17-18%.
· All services are proposed to be taxed at the standard rate of 17-18%.
· Headquartersof the South Western Railways (SWR) Zone –Hubli, Karnataka.
· SWR’s first trainHubballi-Bengaluru Janshatabdi Expresspowered by5% biodiesel blended with High Speed Diesel was flagged off from Hubli.
· The main aim of the initiative is toreduce greenhouse gases (GHGs) emission andcarbon footprintand also to makefuel consumptionmore efficient.
Canada sends first consignment of uranium to India after 41 years:
· “India has just received itsfirst shipment of Saskatchewan uraniumunder the Canada-India Nuclear Cooperation Agreement.
· Canada has sent the first uranium consignment of250 tonnes to India for its nuclear power reactors, overtwo years after the civil nuclear deal signed between the two countries came into force.
· According to the Canadian government, the contract tosupply 7.1 million pounds of uranium concentrate (about 2,730 tonnes uranium) to India’s Department of Atomic Energy was worth aroundCanadian Dollars 350 million (USD 262 million).
· India currently has-21 power reactors (6 under construction)
· The country plans to increase its nuclear generating capacity from the current5800 MWe to 27,500 MWe by2032.
· Greece’s parliament has approved a2016 budget that includes deep spending cuts and tax increases amid economic recession.
· The government forecasts zero economic growth this year and a contraction of 0.7% in 2016. Earlier, it had predicted declines of2.3% and 1.3% respectively.
· Prime ministerAlexis Tsipras told parliament growth would resume in the second half of2016and a strong tourist season could avoid a recession altogether.
· Despite spending cuts of around two billion euros (£1.4bn) and a similar amount in tax rises, debt is forecast to grow to 327.6 billion euros (£236bn) or 187.8% of GDP from 180.2% in 2015.
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