Daily GK Updates - 28th November, 2016

NATIONAL UPDATES:

1. e-Commerce firms like Flipkart and Snapdeal to deduct TCS under GST: As per the new GST law, E-commerce giants Flipkart and Snapdeal will have to deduct 2% TCS(Tax Collected at Source) while making payments to their suppliers and deposited TCS amount with the governmentE-commerce firms like Flipkart and Snapdeal to deduct TCS under GST. The new model GST law provides for 1 per cent TCS and 1 per cent tax levied on inter-state movement of goods. It will not apply to aggregators like Ola,Uber etc.

2. UNESCO Salon Competition: Toonz wins award for ‘Magical Piano’: 'Magical Piano', a short film by the Toonz Media Group has won an award at the prestigious UNESCO Salon Youth Video Competition 2016. Dr Avaneesh, Head of Development, Toonz Media Group received the award from Salon Films Chairman Fred Wang and UNESCO chief of Public Relations and Partnerships, Armelle  Arrou.  ‘Magical Piano’ is the story of a child who receives a magical piano for his birthday. The story was written by Mayul Verma from Agra, India.

3. Delhi has overtaken Mumbai to become India’s economic capital: Oxford Economics Study: According to data released by Oxford Economics, Mumbai is at number 31 among 50 top metropolitan economic entities globally in 2015, while Delhi is at 30. The Delhi extended urban agglomeration (EUA) had a Gross domestic product (GDP) at Purchasing Power Parity (PPP) of $370 billion.Mumbai EUA had a GDP of $368 billion.

4. PM Modi flags off state of art Hamsafar train from Kushinagar, UP: PM NarendraModi flagged off the Humsafar train between Gorakhpur and Delhi`s AnandVihar terminus from Kushinagar in Uttar Pradesh.

5. Railways and IRCTC include transgender as the third gender: Indian Railways and IRCTC have included "transgender as the third gender" in the option alongside male and female in ticket reservation and cancellation forms.

6. PM launches Indian Police app that helps you locate nearest police stations:An app launched by Prime Minister NarendraModi on 27th November helps the citizen locate the nearest police stations wherever he or she is Not just that, the Indian Police app provides the names of the police stations, the telephone numbers, the distance from the place where you are and how much time it will take to reach whichever police station one wants to go to.

7. Amitabh Bachchan starrer Pink to be screened at UN Headquarters on Special Invitation: Pink, the Amitabh Bachchan starrer Bollywood film, has been invited by the Assistant Secretary-General of the United Nations for a special screening at its headquarters in New York, USA.

INTERNATIONAL UPDATES:

1. Pakistan appoints Gen. Qamar Javed Bajwa as Army Chief of Staff: Lt. Gen Qamar Bajwa has been appointed as the chief of Pakistan Army by the Prime Minister Nawaz Sharif. He will replace Gen Raheel Sharif who will retire on November 29, 2016.

OTHER UPDATES:

FINANCE/BANKING:                                 

1. Insolvency and Bankruptcy Board sets up two advisory panels: The Insolvency and Bankruptcy Board of India (IBBI) has sets up 2 high-level committees under the Insolvency and Bankruptcy Code to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.The Advisory committee on service providers consists of 9 members; the panel is led by educationist Mohandas Pai. Corporate insolvency and liquidation panel is chaired by noted banker UdayKotak.

2. Ola teams up with SBI, PNB for setting up mobile ATMs: Indian online transportation Network Company Ola cabs has tied up with lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to set up mobile ATM in the cab to help people withdraw cash easily. Ola will first introduce the service on the test basis in its cabin Kolkata and Hyderabad where the taxis with POS machine and a bank officer will be parked at different locations and an amount of Rs. 2,000 can be withdrawn per card.

SPORTS:

3. IAS officer wins gold in Para-Badminton Championship: Uttar Pradesh-based IAS officer Suhas LY won the Asian Para-Badminton Championships in Beijing after defeating Indonesia's Harry Susanto 21-4, 21-11 in the final.

OBITUARIES:

4. Marathi litterateur Anand Yadav passes away at the age of 80.