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Current Affairs of 23 April 2018

Keshav Kishore, Published On:23-Apr-2018


 1.   GSTN can be a government company

• Finance minister has examined the possibility of Goods and Service Tax Network (GSTN) to convert into a majority government company or a 100% government company.

• The two major issues in conversion are procurement procedures and salary structure of employees of GSTN.

• Currently five private financial institutions (HDFC Ltd., HDFC Bank Ltd., ICICI Bank Ltd., NSE Strategic Investment Corporation Ltd. and LIC Housing Finance Ltd.) have 51% stake in GSTN and the government has 49% stake.


2.   Jan-Dhan accounts have more than Rs. 80,000 crore

• The total deposits in Jan-Dhan accounts crossed Rs. 80,000 crore as more people are opening bank accounts under Pradhan Mantri Jan Dhan Yojna (PMJDY).

• The deposits in such accounts were significantly increased during demonetisation period.

• PMJDY was launched in 2014 as a financial inclusion scheme in which zero balance accounts are opened for poor and marginalised.

• In the budget speech of 2018, the Finance Minister proposed to increase total such accounts to 60 crore.


3.   TCS is first Indian $100 billion IT company

• Tata Consultancy Services (TCS) has become first Indian company to have market capitalisation of $100 billion.

• Market capitalisation is value of company that is traded on stock market, calculated by the product of total shares and price of each share.

• The top five companies on the basis of market capitalisation are Apple, Alphabet, Amazon, Microsoft and Berkshire Hathaway.


4.   Sunderban Forest Reserve is all set to be Ramsar Site

• West Bengal government has given approval to apply for the application to include Sunderban Forest reserve into Ramsar Site list through Central government.

• Currently, there are 26 Ramsar sites in India- Kolleru Lake (AP), Deepor Beel (Assam), Pong Dam Lake, Chandertal Wetland and Renuka Wetland (HP), Hokera Wetland, Surinsar-Mansar Lakes, Tsomoriri and Wular Lake (J&K), Ashtamudi Wetland, Sasthamkotta lake and Vembanad-Kol Wetland (Kerela), Bhoj Wetland (MP), Loktak lake (Manipur), Bhitarkanika Mangroves and Chilika lake (Odisha), Harike lake, Kanjli and Ropar (Punjab), Keoladeo National Park and Sambhar lake (Rajasthan), Point Calimere Wildlife and Bird Sanctuary (Tamil Nadu), Rudrasagar Lake (Tripura), Upper Ganga River (UP), East Calcutta Wetlands (West Bengal) and Nalsarovar Bird Sanctuary (Gujrat).



Source: The Hindu, The Indian Express, PIB





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