12 September 2016 Current Affairs
In IITs MTech students quitting their courses in Midway after getting jobs at PSUs
The Indian Institutes of Technology (IITs) are reportedly having a hard time regarding their MTech students, with many quitting the course after getting jobs in public sector undertakings (PSUs).Recently held IITs council meet headed by human resource development (HRD) minister Prakash Javadekared , a number complaints are registered of such occurrence. It is estimated that out of 8000 odd student 2000 students left the courses in the midway after landing jobs in public sector undertaking. To overcome with this problem council decided to ask all such PSUs to allow students to join after completing the programme.
As the Presidential race enters its final stretch Clinton suffered with pneumonia
Less than two months from election there is unwanted visual for Hilary Clinton as she tries to show the power and strength needed for world’s most responsible job. On other side Republican rival Donald trump has spent months questioning about Clintons health and saying she lacks the stamina to be the President. Hilary Clinton immediate left a 9/11 anniversary ceremony Sunday and needed to be held up by three people before she fall. Several hours later her campaign revealed that she was suffered with pneumonia on Friday and advised to rest.
State Bank of India thinks about to cut the 25 basis points interest rate
SBI Chairperson Arundhati Bhattacharya draw special attention to overall performance of the economy saying an ‘improvement in the financial health of the banking sector was closely associate to the growth rate’. The last time SBI and other banks had sweeping movement the base rate was in September last year. The minimum lending rate of the SBI is 9.30 per cent, since last cut which was in response to a sharper-than expected rate cut of 50 basis points by the Reserve Bank of India (RBI) and its sharp disapproval to the money lenders for not letting lending rates fall.
For registering postal complaints Government launches toll- free number
The government on Monday launched a toll-free number 1924 to register postal objects — a month after introducing ‘Twitter Seva’ for correct of telecom and postal unfair treatment. The service will be working initially for 12 hours on working days between 0800 hrs to 2000 hrs.Sinha said the complaints will be direct in 24 hours unless they are involved to policy matters.“The service has been started initially in three languages — Hindi, English, and Malayalam and slowly we will start services in all scheduled languages,”
Cabinet give its indication, Central Government led by Modi planning to implement GST from April 1, 2017
The Union cabinet on Monday agrees to give its approval to development, process and operating of GST council just four days after President Pranab Mukherjee gave his agreement to the Goods and Services tax bill, on Thursday.The GST council will be responsible for determining dissimilar issues including the GST tax rate and how the new tax authority will function. The council will be governing by Union Finance Minister Arun Jaitley and members will comprise of state Finance Ministers. The Union government is planning to a execute GST from April 1, 2017 and is working on a tight schedule.