Important Current Affairs for CLAT-3rd November 2022

Elon Musk: Twitter verified badge to cost $8 a month

Elon Musk announced that the Twitter Blue Tick service will come with a monthly cost of USD 8 which is about Rs 660. Twitter Blue Tick service includes the coveted verified badge. This is a result to boost subscriptions and make social media networks less dependent on ads.

The verified badge, which is essentially a blue tick means Twitter has confirmed that the account belongs to a person or business claiming it. The service is free for all current and it will be the first time that users will be required to pay fees to keep their verified badge.

Twitter verified badge to cost $8 a month- Key Points

  • Elon Musk in his tweet informed that prices will be adjusted based on the country and purchasing power parity.

  • Musk also informed that subscribers will get priority in replies, mentions, and search which is essential to combat spam and scam.

  • The subscribers will also be able to post long videos and audio and will come across minimal ads.

  • Publishers who are willing to work with Twitter will get a paywall bypass and this will give Twitter a revenue stream to reward content creators.

  • There will be a secondary tag below the name of public figures which is already visible on the profiles of politicians.

  • Elon Musk has taken over Twitter last week for 44 billion USD.

University Grants Commission proposed ‘Bharatiya Bhasha Diwas’ to be celebrated on Dec 11

The University Grants Commission has written to vice-chancellors and principals of all universities and colleges in this regard following recommendations of a committee constituted last year by the education ministry to promote Indian languages. All higher education institutions in India must observe a ‘Bharatiya Bhasha Divas’ on December 11 every year to create “language harmony” and develop a conducive environment for learning Indian languages.

What is the proposal of the committee?

  • The committee has proposed to observe December 11 as ‘Bharatiya Bhasha Diwas’ or ‘Bharatiya Bhasha Utsav’ on the birth anniversary of poet Subramania Bharati, a pioneer of modern Tamil poetry who penned songs to kindle patriotism during the Independence movement.

  • The commission also shared a concept note of the proposal with the universities, according to which universities and colleges will organise competitions, games, exhibitions and other activities to mark the day. They will also be felicitating students who know multiple languages or those who can read the scripts of major Indian languages.

  • The central government has been making efforts to promote Indian languages. It is soon going to establish 22 bhasha kendras (language centres) to promote Indian languages as enshrined in the eighth schedule of the Constitution.

India Donates USD 2.5 million to Support Education, Healthcare of Palestinian Refugees

India presented the second tranche of aid of USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) for the financial year 2022-2023.

What Has Been Said:

India’s Representative Office in Ramallah said this will support the agency’s core programs and services, including education, healthcare, relief and social services.

“The Government of India presented USD 2.5 million (second tranche of a total contribution of USD 5 million for the Financial Year 2022-2023) to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), in support of the Agency’s core programmes and services, including education, healthcare, relief and social services,” Representative Office of India Ramallah said in a statement.

“The financial contribution was presented to Ms Xuran Wu, Associate Donor Relations and Projects Officer, Department of External Relations, UNRWA at the Representative Office of India in Ramallah, Palestine,” the statement added.

Need Of The Aid:

Poverty, unemployment and despair are in high doses across the country, severely hitting the Lebanese people, Syrian and Palestine refugees. This comes amid one of the worst economic crises in recent history, compounded by the Beirut blast in 2020, the COVID-19 pandemic, poor governance and an almost total collapse in basic services.

Palestine refugees, living in overcrowded camps, are historically one of the poorest people in the country. They are at the end of the rope. According to the latest UNRWA Crisis Monitoring Report on the Socio-Economic Situation of Palestine Refugees in Lebanon, 93 per cent of all Palestine refugees in Lebanon live in poverty.

India’s History Of Aid Support:

India has been providing various forms of developmental cooperation assistance to Palestine amounting to approximately US$ 141 million. India has pledged US$ 70.6 million worth of developmental assistance to Palestine and US$ 197,030 worth of quick impact projects. India has also provided a total of US$ 39 million of budgetary support to the Palestinian Authority, in addition to a total of US$ 26.5 million to UNRWA since 2009.

Our support also includes the provision of medical assistance in the form of medicines, including 25,000 doses of Covaxin provided to Palestine in 2021. India has been increasing scholarships and training opportunities to Palestine, which stand at 50 ICCR scholarships and 168 ITEC slots. In July 2021, India also offered a Line of Credit worth USD 50 Million to Palestine for implementing developmental and sustainable projects.

GST collection over Rs 1.51 trillion in October: 2nd highest ever

The gross GST revenue collected in the month of October 2022 was at Rs 1,51,718 crore, the second-highest monthly collection ever, the ministry of finance. The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark.

Giving a break-up of the October GST collections, the government said CGST figure was at ₹26,039 crore, SGST at ₹33,396 crore, IGST at ₹81,778 crore (including ₹37,297 crore collected on import of goods) and cess at ₹10,505 crore (including ₹ 825 crore collected on import of goods)

This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly higher than 7.7 crore e-way bills generated in August 2022.

About the GST COUNCIL

  • As per Article 279A (1) of the amended Constitution, the GST Council has to be constituted by the President within 60 days of the commencement of Article 279A. The notification for bringing into force Article 279A with effect from 12th September, 2016 was issued on 10th September, 2016.

  • As per Article 279A of the amended Constitution, the GST Council which will be a joint forum of the Centre and the States, shall consist of the following members:

a) Union Finance Minister – Chairperson

b) The Union Minister of State, in-charge of Revenue of finance – Member

c) The Minister In-charge of finance or taxation or any other Minister nominated by each State Government – Members

Goa hosts Civil Air Navigation Services Organisation Asia Pacific Conference

Goa to host three days Civil Air Navigation Services Organisation (CANSO) Conference from 1st to 3rd November 2022. In these three days, delegates and exhibitors from the Asia Pacific region and beyond will discuss and collaborate on the key issues that will help shape the future of Asia’s aviation industry.

The CANSO aims to turn the Complete Air Traffic System (CATS) Global Council’s vision for the skies of 2045 into a reality. The event will be felicitated by Dr. Pramod Sawant, Chief Minister of Goa, General Dr. Vijay Kumar Singh (Retd.), Union Minister of State for Civil Aviation, and Road Transport and Highways, Simon Hocquard, Director General, CANSO, and Rajiv Bansal, Secretary of Civil Aviation.

Goa hosts Civil Air Navigation Services Organisation Asia Pacific Conference- Key Points

  • CANSO Director, Asia Pacific Affairs, informed that with air travel recovering, it is now time to look beyond COVID-19 and to the future.

  • Building on that CATS vision, Asia Pacific Air Navigation Service Providers can step up collaboration and tackle crucial subjects such as sustainability, and embracing and exploiting technology.

  • Conference also covers digitalization and automation as key enablers in delivering CANSO’s vision for future skies.

  • Delegates will also be able to view first-hand some of the cutting-edge technology that will help modernize Air Traffic Management in the region.

  • Simon Hocquard, Director General CANSO said that Improving efficiency and creating a more scalable, sustainable, and resilient system has never been more urgent for the industry, so CANSO is looking forward to collaborating with colleagues across the region to raise the bar in Air Traffic Management.

BSE Technologies launched of KYC Registration Agency

BSE Technologies announced the launch of the KYC Registration Agency KRA, which maintains KYC records of investors in an electronic form. BSE Technologies is a subsidiary of BSE. KRA is a Sebi-regulated intermediary that grants the marker participants authorization for investors’ Know Your Client. KYC is Mando for investment in the securities market.

Key Points related to KYV Registration Agency KRA

  • KYC KRA has become a key segment for securities market investors and acts as a starting point for any investor’s journey in the security market.

  • BSE group has played a pioneering role in transforming the Indian capital market.

  • Sebi issued fresh guidelines for KRA in April, whereby such agencies will have to independently validate the KYC records of all clients from 1st July.

  • The guidelines inform that KRAs need to independently validate records of those clients whose KYC has been completed using Aadhaar as an Official Valid Document (OVD).

  • The records of those clients who have completed KYC using non-Aadhar OVD will be validated only upon receiving the Aadhar number.

Tata Steel Jamshedpur India’s first to achieve ResponsibleSteel certification

ResponsibleSteel certification:

Tata Steel has received ResponsibleSteel certification for three of its production facilities in Jamshedpur, Jharkhand. The steel works, tubes division and cold rolling mill (Bara) have joined the group of other steel-producing sites around the world with the certification. This is a historic moment for Tata Steel and an important step in our sustainability journey. Globally, the steel industry is at a critical juncture and the larger impact of how we produce and consume steel needs to be addressed urgently.

Certified sites must also ensure that they are fully aligned with other sustainability objectives in the standard, for example, ensuring good water stewardship, creating a healthy and safe workplace, safeguarding labour rights, and engaging with local communities and other stakeholders. This is a momentous achievement for Tata Steel, and everyone involved.

About the ResponsibleSteel:

ResponsibleSteel is the steel industry’s first global multi-stakeholder standard and certification initiative that works with steel producers, consumers, and intermediaries towards building a sustainable steel industry by addressing pressing challenges including climate change, diversity, human rights and more.