DAY WISE CURRENT AFFAIRS:

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4 April 2016
• Keeping a criminal case pending is violation of Article 21 of Constitution: Delhi HC
• Blackstone inked agreement with Hewlett Packard Enterprise to acquire 60% stake in Mphasis Limited
• Indian Manish Sharma appointed to Panasonic’s Global Executive Council
• Union Government released India Rankings 2016 under National Institutional Ranking Framework
• PM Modi concluded three-nation visit to Belgium, United States and Saudi Arabia
• Mehbooba Mufti took oath as first woman Chief Minister of Jammu & Kashmir
• Telangana ICT Policy Framework 2016 launched
• Bihar imposed complete ban on alcohol sales
• BHEL commissioned tiltable canal top solar plant in Andhra Pradesh
5 April 2016
• Prime Minister Narendra Modi launched Stand Up India Scheme
• Union Ministry of Skill Development and Entrepreneurship launched Transnational Skill Standards
• India’s fastest train Gatimaan Express flagged off
• President Pranab Mukherjee presented National Geoscience Awards 2014
• RBI cut Repo Rate by 0.25% in first Bi-Monthly Monetary Policy Statement 2016-17
• Madhukar Gupta committee constituted to suggest ways to strengthen security along Indo-Pak border
• Myneni Hari Prasad Rao, Architect of Madras Atomic Power Station, died
• Union Government notified Solid Waste Management Rules, 2016
• National Summit on Family Planning 2016 concluded in New Delhi
• Low cost and environment-friendly solar lighting device, Solar Jyoti, launched
• Odisha Government launched Adarsh Vidyalaya project
• Future Group acquired online furniture store FabFurnish for 20 crore rupees
6 April 2016
• Indian Air Force to participate in Red Flag exercise
• Union Cabinet approved to implement National Hydrology Project
• Union Cabinet approved Funding of exports to Iran through Export Development Fund of Exim Bank
• Union Cabinet gave ex-facto approval for implementation of One Rank One Pension
• Union Cabinet approved recommendations of 14th Finance Commission on fiscal deficit targets
• CCEA approved Andrew Yule proposal to convert Bank of Baroda’s loan into equity
• Union Cabinet allowed Oil PSUs to have independent crude import policy
• Indian men won Asian Nations Cup Chess tournament
• NASSCOM appointed CP Gurnani as Chairman for 2016-2017
• Lamborghini appointed Sharad Agarwal as Head of India Operations
7 April 2016
• Schemes to Distribute Energy Efficient Smart Agriculture Pumps & Fans in Andhra Pradesh launched
• Justice (retd) Permod Kohli took over as Chairman of Central Administrative Tribunal
• Hashim Thaci sworn-in as Kosovo's President
• ITC Limited renewed 40-year partnership with Starwood Hotels
• GoJavas appointed Amitabh Coomar as CEO
• Rajasthan Urban Land (Certification of Titles) Bill, 2016 passed
8 April 2016
• The Kiss of Life authored by Emraan Hashmi launched
• Union Government approved country’s first Metrino Pod Taxi project for Gurgaon
• Sajibu Cheiraoba celebrated with religious fervor in Manipur
• Haryana Government appointed two-member inquiry panel to probe into Jat quota stir
9 April 2016
• North East-ASEAN Business Summit concluded in Imphal
• Priyadarshini Chatterjee crowned FBB Miss India World 2016
• C Silvera, former Member of Parliament, died
10 April 2016
• Fire accident at Puttingal temple in Kerala: At least 110 people died
• Jharkhand Government announced to reserve 2 percent employment for meritorious sportspersons
11 April 2016
• Union Government exempted housing finance companies from XBRL filings
• Sachin Tendulkar to endorse I Support Skill India campaign
• B B Tandon Committee constituted to monitor government advertisements in accordance with SC directions
• Hemant Kumar Ruia appointed CFO of Indus Towers
12 April 2016
• Aishwarya Rai Bachchan won Global Indian of the Year 2016 award
• President Pranab Mukherjee conferred Padma Awards 2016
• Delhi government launched PoochhO Carpool app to help people during odd-even scheme
• Kerala High Court banned noise-making fireworks at night in all places of worship
13 April 2016
• Maharashtra CM Fadnavis launched Mission Drinking Water
• Maharashtra Legislative Assembly approved Social Boycott Bill 2016
14 April 2016
• PM Modi launched Gram Uday Se Bharat Uday Abhiyan on Dr. Ambedkar's birth anniversary
• ONGC took over Tapti gas field infrastructure to boost Daman gas Production
• Union Government reconstituted IGNCA Trust; Ram Bahadur Rai appointed President
• Susmita Pande appointed as chairperson of National Monument Authority
• Prime Minister Narendra Modi inaugurated Maritime India Summit 2016
• Union Government notified SC and ST (Prevention of Atrocities) Amendment Rules, 2016
• PM Narendra Modi launched National Agriculture Market
• Jharkhand Government launched Bhimrao Ambedkar Awas Yojana for widows
• Hero Group co-founder Satyanand Munjal passed away
15 April 2016
• Geeta Johri appointed as first woman DGP of Gujarat
• Delhi government rolled out Phase 2 of odd-even scheme
16 April 2016
• Panagarh airbase renamed after former IAF chief Arjan Singh
17 April 2016
• Google, RailTel launched free WiFi service at Bhubaneswar Railway station
• Indian Railway used drone for the first time to inspect Dedicated Freight Corridor project
• Dipa Karmakar became first Indian woman gymnast to qualify for Olympics
• Supercomputer 'Param Kanchenjunga' unveiled at Sikkim NIT

25 April 2016
• Lok Sabha passed Regional Centre for Biotechnology Bill, 2016
• Lok Sabha passed the Sikh Gurdwaras (Amendment) Bill, 2016
• Union Government to provide 1 lakh Rupees per month to Rio-bound athletes
• Mohun Bagan and Jeje Lalpekhlua named FPAI Player of the Year
• India to host 2018 Commonwealth Judo Championships
• BPCL got environmental clearance for 694 crore rupees LPG project in West Bengal
• Madhya Pradesh, ICMR and Sun Pharma joined hands for research in preventive health
• Mairaj Ahmed Khan won first silver medal for Inida at shooting World Cup
• Andhra Pradesh CM inaugurated interim Secretariat complex in Amaravati
• Gopal Subramanium appointed as amicus curiae to implement Justice RM Lodha committee recommendations
• NABARD lent 1000 crore rupees to HSWC for wheat procurement
26 April 2016
• NABARD partners Germany for food security initiative
• Blood on my Hands: Confessions of Staged Encounters by Kishalay Bhattacharjee
• Union Tourism Ministry launched NOAPS web portal of National Monuments Authority
• Naval Detachment Inaugurated at Androth Island of Lakshadweep
• India may surpass China in attracting FDI: Nomura
• Shyam Benegal panel submitted report on Censor Board functioning
• Parliamentary panel headed Divakar Reddy suggested fine, jail for celebrities of misleading ads
• Heart of Asia conference began in New Delhi
• IIT scholar, K Ashok Kumar, won International Plant Nutrition Scholar Award
• Fire destroyed Delhi's National Museum of Natural History
27 April 2016
• Union Government banned import of dogs for commercial breeding
• Union Cabinet approved Investment enhancement by BPCL in Bharat Oman Refineries Limited
• NITI Aayog launched urban management programme for capacity building of states and urban local bodies
• Union Government allowed states to control stock limits on sugar to check price rise
• Kerala cartoonist VT Thomas passed away
• Union Cabinet approved MoU between India and Papua New Guinea on cooperation in health and medical science
• Maharashtra Government rose jail term up to 5 yrs for chain snatchers
• J&K Cabinet approved 5% interest subsidy for flood-hit traders
28 April 2016
• Gujarat government announced 10 percent reservation for EBCs in general category
• ISRO’s seventh navigational satellite IRNSS 1G launched
• Indian Navy decommissioned Indian Naval Ships (INS) Veer and Nipat
• Rajya Sabha passed the Industries (Development and Regulation) Amendment Bill, 2015
• Rajya Sabha passed Constitution (Scheduled Castes) Order (Amendment) Bill, 2016
• Senior IPS officer Surender Kumar Bhagat appointed as DG of Railways Protection Force
• Indian academician Radha Kumar appointed to United Nations' University Council
• Odisha Chief Minister Naveen Patnaik inaugurated 100 rural drinking water projects
• Charles Borromeo resigned from Tata Steel Sports Department
29 April 2016
• Day of Remembrance for all Victims of Chemical Warfare 2016 observed
• Experian India launched fraud detection mechanism named Hunter Fraud Score
• Nandu Natekar became first non-cricketer to become a member of CCI's Legend Club
30 April 2016
• Union Power Minister Piyush Goyal launched UJALA Scheme in Madhya Pradesh
• First in South India, underground corridor of Namma Metro inaugurated
1 May 2016
• Real Estate (Regulation and Development) Act 2016 came into force
• Supreme Court banned all diesel cabs in NCR-Delhi from May 1

18 April 2016
• Union Government merged Rajiv Gandhi Khel Abhiyaan with Khelo India
• The Making of India: The Untold Story of British Enterprises authored by Kartar Lalvani
• Union Government released Commemorative Coin and Circulation Coin on Tatya Tope
• JK Tyres acquired Cavendish Industries for 2200 crore rupees
• Panasonic and US-based AES inked agreement to install energy storage project in Haryana
• Report of Technical Committee on Large Scale Integration of Renewable Energy released
• Maharashtra government banned digging of bore wells beyond 200 ft
• Maharashtra to use hologram technique to check spurious liquor
• Union Government released report of Technical Committee on Large Scale Integration of Renewable Energy
• Operation Sulaimani to eradicate Poverty in Kozhikode District
19 April 2016
• RBL Bank became first private sector bank to open dedicated branch for Start-ups in India
• Beti Bachao Beti Padho Scheme extended to 61 more districts with low Child Sex Ratio
• President presented Hindi Sevi Samman Awards
• India's Durga Thakur promoted as International Umpire by International Hockey Federation
• Himachal High Court issued notice to Union and State on declaring Monkeys as Vermin
20 April 2016
• Union Government renamed Department of Disinvestment as DIPAM
• BCCI appointed Rahul Johri as its CEO
• Union Cabinet approved MoU on Technical Cooperation between India and Bhutan
• Union Government approved signing of the Paris Agreement for dealing with climate change
• Justice PK Mishra appointed as Lokayukta of Goa
21 April 2016
• Union Ministry of Commerce and Industry launched Twitter Seva
• Prime Minister Narendra Modi inaugurated 10th Civil Services Day
• Uttarakhand High Court quashed imposition of President' Rule in the State
22 April 2016
• President nominated 6 eminent personalities to Rajya Sabha
• India ratified Trade Facilitation Agreement of WTO
• India signed Paris climate agreement along with other 174 nations at UN
• Mahindra became first Indian company to join EP100 campaign
• Union Government constituted panel to double farmers’ income by 2022
23 April 2016
• Union Government launched Sahapedia, India's first online interactive portal
24 April 2016
• India Pride Project (IPP): An Initiative to bring back India's lost artefacts
• Wrestler Sandeep Tomar qualified for Rio Olympics in 57-kg freestyle category

2 May 2016
• CAIPEEX a process to understand Rain Formation in Clouds & impact of Randomized Cloud Seeding
• India’s GDP to grow at 7.5% for 2016-17
• Rajya Sabha passed Mines and Minerals (Development and Regulation) Amendment Bill, 2015
• Supreme Court appointed RM Lodha-panel to reform Medical Council of India
• Indian Railways signed MoU with Haryana & Punjab to plant trees alongside Railway Track
3 May 2016
• Agriculture project Harita-Priya of Andhra Pradesh wins WSIS 2016 prize
• Lok Sabha passed the Compensatory Afforestation Fund Bill, 2015
• Union Commerce Ministry launched EXIM Analytics Dashboard for export, import data
• President Pranab Mukherjee conferred 63rd National Film Awards
• NRDC signed agreements for commercialization of Ghar Sodhon
• BHEL commissioned 600 MW Thermal Power Plant in Madhya Pradesh
• Kishore Biyani appointed as Managing Director of Bharti Retail
• Sameer Chadha appointed as Partner and CEO of KPMG India
• Railway Ministry launched e-enabled application, PMIS to monitor Railway projects
4 May 2016
• Union Cabinet approved to adopt United Nations fundamental principles of official statistics
• SC Collegium recommended 4 names for elevation to apex court
• Portal for Contract Labour Payment Management System launched
• Union Cabinet approved signing of MoC between Ministry of Women & Child Development and Bill & Melinda Gates Foundation
• Indian Railways creates Non-Fare Revenue Directorate to explore advertising in train coaches
• CCEA approved two laning with formation of four lane of Shimla Bypass on NH-22
• Radha Binod Barman took over as part-time Chairperson of National Statistical Commission
• SC Collegium recommended transfer of Uttarakhand Chief Justice to Andhra Pradesh
• President Pranab Mukherjee confers Niryat Shree and Niryat Bandhu Awards
5 May 2016
• Suresh Prabhakar Prabhu launched Wi-Fi hotspot at Vijayawada, Kachiguda and Raipur
• Lok Sabha passes the Insolvency and Bankruptcy Code Bill 2016
• Offshore patrol vessel ICGS Shaurya launched
• H R Nagendra Committee on Yoga Education in Universities submitted its recommendations
• Vice Admiral Sunil Lanba appointed as Chief of the Naval Staff
• Kumar Rajesh Chandra appointed Chief of Bureau of Civil Aviation Security
• NASSCOM inks MoU with Facebook to develop a product design initiative
• RBI released draft guidelines for licensing of Universal Banks in Private Sector
6 May 2016
• ICICI Bank signs MoU with New Development Bank of BRICS
• Bombay HC decriminalises beef possession, upholds ban on slaughter of bulls, bullocks in Maharashtra
• 100% FDI through Automatic Route permitted in Asset Reconstruction Companies
• Shashi Kapoor - the Householder, the Star authored by Aseem Chhabra released
7 May 2016
• India ranks Ninth in Crony-Capitalism Index
• Asia's first Rice Technology Park to be established in Gangavati, Karnataka
• Gujarat government accords minority status to Jain community
8 May 2016
• Dial 112 for any Emergency throughout India from 1 January 2017

IBPS PO 6 WRITTEN EXAM GUIDANCE SESSIONS ENROLLMENTS:

AT Present 37 candidates got enrolled with me for written exam extensive guidance sessions. about 4 candidates per week are likely to complete their guidance , so three candidates per week may be considered by me for further enrollment.

Guidance sessions covers all 5 subjects of main exam.

you may call between 11 a.m. and 8 p.m. to get yourself enrolled.
guidance is available at nominal fee. only serious candidates should call. contact no 9811340788.
ANIL AGGARWAL

IBPS PO CWE PO/MT-VI WRITTEN EXAM PATTERN:

CWE – ONLINE EXAMINATIONS
I. The structure of the Examinations which will be conducted online are as follows:
a. Preliminary Examination

Name of Tests No. of Qs Maximum Marks
1 English Language 30 30
2 Quantitative Aptitude 35 35
3 Reasoning Ability 35 35
Total 100 100

Composite time of 1 hour

Candidates have to qualify in each of the three tests by securing cut-off marks to be decided by IBPS.

Adequate number of candidates in each category as decided by IBPS depending upon requirements will be shortlisted for
Online Main Examination.

b. Main Examination

Subject name ,No. of Questions,Maximum Marks,Medium of Exam, and Time.(the information given below is in this order):

1 Reasoning 50 50 English & Hindi 40 minutes
2 English Language 40 40 English 30 minutes
3 Quantitative Aptitude 50 50 English & Hindi 40 minutes
4 General Awareness (with special
reference to Banking)40 40 English & Hindi 20 minutes
5 Computer Knowledge 20 20 English & Hindi 10 minutes
Total 200 200 140 minutes

note : Time allotted for Each test (Separately timed)

INTERVIEW
Candidates who have been shortlisted in the main examination for CWE PO/MT-VI will subsequently be called
for an Interview to be conducted by the Participating Organisations and coordinated by the Nodal Bank in each
State/ UT with the help of IBPS. Interviews will be conducted at select centres.

The total marks allotted for Interview are 100. The minimum qualifying marks in interview will not be less than 40% (35% for SC/ST/OBC/PWD candidates). The weightage (ratio) of CWE (Main exam) and interview will be 80:20 respectively. The combined final score of candidates shall be arrived at on the basis of scores obtained by the candidates in the Main Examination of CWE PO/MT-VI and Interview.

DAY WISE CURRENT AFFAIRS:

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9 May 2016
• Commemorative Coin of 100 rupees & Circulation Coin of 10 rupees on Maharana Pratap released
• NITI Aayog to prepare 15-year vision documents by replacing 5-year plans
• RBI to issue 1000 Rupees Banknotes with inset letter 'R'
• MP Tourism wins Best Indian Destination for Wildlife Award
• India vs Pakistan: Why Can’t we just be Friends? by Husain Haqqani
• Indian Patent Office approves patent for Gilead's hepatitis C drug Solvadi
• Anti-Hijacking Bill, 2014 passed in Lok Sabha
• Google launches Free Public Wi-Fi Service at 5 Railway Stations as part of Railwire
• Senior advocate Atma Ram Nadkarni appointed Additional Solicitor General
• Indian boxers won 4 medals at 7th Asian Youth Championship
• Uma Bharti launched Rural Sanitation Initiatives for Ganga Rejuvenation in Jharkhand
• Ministry of Environment & Forests launches web-based application on Integrated Waste Management System
• Dial 112 for any Emergency throughout India from 1 January 2017
10 May 2016
• Renewable energy country attractiveness index 2016 released: India Placed at 3rd Position
• Supreme Court asked Delhi Government not to register New Diesel Cars
• RBI cancelled Certificate of Registration of four NBFCs
• Shashank Manohar resigns as BCCI president
11 May 2016
• National Technology Day observed on May 11
• President approves name of Four Judges for Supreme Court
• NPPA fixes ceiling price of 54 drug formulations
• Rajya Sabha passes the Insolvency and Bankruptcy Code Bill 2016
• Committee on Estimates recommends PM-headed authority on Ganga Rejuvenation
• Praveen Rashtrapal, Congress member of Rajya Sabha, dies
• Two Harbour Defence Systems commissioned at Vizag to enhance Navy's surveillance capability
• Hockey India recommended Ritu Rani and VR Raghunath for Arjuna Award
• UP government approves bicycle highway between Taj and lion safari
• Uday Kotak, only Indian in Forbes Most Powerful People in the Financial World list
• Supreme Court struck down TRAI’s regulation on telecom companies over call drops
• Indian Navy decommissions fighter planes Sea Harriers
• Uttarakhand Floor Test: Harish Rawat wins the Test with 33 votes in favour
12 May 2016
• Union Cabinet approves National Intellectual Property Rights Policy
• Union Cabinet approved to sign inter-governmental agreement between India and Mauritius
• Union Cabinet approves for MoU between SEBI and FSRA Abu Dhabi
• President Pranab Mukherjee confers Florence Nightingale Awards to 35 Nurses
• Delhi no longer most polluted in the world; Iran’s Zabol most polluted: WHO
• Maharashtra declares drought in 29000 villages
• Shashank Manohar unanimously elected as Independent ICC Chairman
13 May 2016
• India, WHO signed agreement for Global promotion of Traditional Systems of Medicine
• Rahul Dravid and Mahela Jayawardena appointed to ICC Cricket Committee
• Supreme Court upholds validity of Criminal Defamation Law
• Parkash Singh panel submits report on Jat quota Agitation
• Nirankari Spiritual leader Baba Hardev Singh dies in Canada road accident
• Haryana Backward Classes Act 2016 notified
14 May 2016
• UR Rao becomes first Indian to be given IAF Hall of Fame Award
• Justice Navin Sinha sworn in as Chief Justice of Rajasthan High Court
• Modi, Maithripala Sirisena released 'Simhastha Declaration' in Ujjain
15 May 2016
• Union Government urged CMs of drought effected states to prepare weekly action plans on drought
• Indian short film ‘Beti’ to be screened at Seattle International Film Festival
• India successfully test fires indigenous Advanced Air Defence interceptor missile, Ashwin
16 May 2016
• NTPC tied-up with Coal India Limited to foray into Fertilizer Sector
• IIT student Nandini Bhandaru wins Young Scientist Award of European Material Science Research Society
• Justice Tinlianthang Vaiphei sworn in as acting Chief Justice of Tripura High Court
• Women Archers Deepika, Bombayla, Laxmirani named for 2016 Rio Olympics
• Justice Deepak Gupta sworn-in as Chief Justice of Chhattisgarh High Court
• Union Government launches ePACE, INFRACON and up-Scaled INAM PRO for Road Transport Sector
• Deepak Shodhan, India’s oldest living Test cricketer died
17 May 2016
• Rehabilitation of Bonded Labourer Scheme – 2016 to be Made Central Sector Scheme
• IT department launches e-nivaran platform to fast track taxpayer grievances
• Odisha to launch Green Passage Scheme for orphan students
• Five Indian car models fail crash tests conducted by NCAP
• Union Government opened Tatkal Window to expedite examination of patent applications
• Draft National Policy for Women, 2016 unveiled
• SBI to merge 5 subsidiaries, Bharatiya Mahila Bank with itself
• NK Singh committee formed to review and give recommendations on FRBM roadmap
18 May 2016
• Indian Women's 4 x 100m Relay Team breaks national record at IAAF World Challenge
• Delhi Statehood Bill, 2016 draft released
• DMRC conducts trial run of India's first ever Driverless Metro train
• World’s largest Single Rooftop Solar Power Plant inaugurated in Amritsar
• Ola signs MoU with Union Government to benefit Safai Karamcharis
• Nokia, HMD signs 10-year licensing deal to market Nokia-branded phones and tablets
• Barco appoints Rajiv Bhalla as Managing Director for India
• Apple announces iOS App Design and Development Accelerator in Bengaluru
• India successfully test fires indigenously developed Prithvi-II missile
19 May 2016
• Assembly Election 2016: Jayalalitha, Mamta retain power; BJP in Assam and Kerala goes Left
• Election Commission declares By-Election 2016 results
• President Pranab Mukherjee inaugurates Intelligent Operations Centre and launches Mobile App Monitor
• India lauded for Medicines with the Red Line campaign on antibiotics
• JP Nadda launches Centre for Environmental Health to assess environmental impact on health
• Tamil Nadu Assembly Election 2016 Results: Jayalalithaa back to power for second consecutive time
• West Bengal Assembly Election 2016 Results: TMC garnered two-third majority
• Assam Assembly Election 2016 Results: BJP creates history by winning absolute majority with its allies
• Rakesh Kumar Mishra appointed Director of Centre for Cellular and Molecular Biology
20 May 2016
• Union Cabinet approved ordinance to keep States out of NEET for one year
• Ratan P Watal appointed as Principal Adviser for Social Sector in NITI Aayog
• Kayakalp Fortnight initiative launched at AIIMS New Delhi by JP Nadda
• Cyclonic storm ROANU to strike Andhra Pradesh coast: IMD
• Qora, indigenous faecal incontinence management device, launched
• SEBI tightens P-Notes norms to check money laundering
21 May 2016
• Mohun Bagan beats Aizawl FC 5-0 to lift 14th Federation Cup title
• Himachal Pradesh begins artificial propagation programme of Golden Mahseer fish for conservation
22 May 2016
• Himachal Pradesh launched PEHAL programme for Shimla district
• Kiran Bedi appointed Lieutenant Governor of Puducherry
• Anurag Thakur unanimously elected BCCI president
23 May 2016
• India's first reusable space shuttle, RLV-TD launched from Sriharikota
• AIADMK chief Jayalalithaa sworn-in as Tamil Nadu Chief Minister for sixth term
• INS Tarmugli commissioned into Indian Navy
• S K Sharma appointed CMD of Nuclear Power Corporation of India
• NGT bans over 10-year-old light, heavy diesel vehicles in six Kerala cities
• Odisha Official Language (Amendment) Ordinance, 2016 promulgated
24 May 2016
• Union Government announced 2nd batch of 13 Smart Cities
• Sarbananda Sonowal sworn-in as Assam Chief Minister
• India, World Bank signs US$ 100 Million agreement for Karnataka Urban Water Supply Modernization
• BJP forms NEDA to boost development agenda in North-East India
• Mizoram, JICA signed MoU on Capacity Enhancement on Sustainable Agriculture and Irrigation Development
• CAG report can’t be sole basis for any liability or prosecution: Karnataka HC
• Book titled A Call to Mercy: Hearts to Love, Hands to Serve: Mother Teresa to be released
• Telangana Government, Eclat Health Solutions signed MoU to invest $15 million
25 May 2016
• Indus Valley Civilization is 8000 years old: IIT Kharagpur Research
• Union Cabinet gives ex-post facto approval to Amendments in Constitution (Scheduled Tribes) Order, 1950
• Union Cabinet approved National Capital Goods Policy 2016
• Pinarayi Vijayan sworn-in as Chief Minister of Kerala
• Union Cabinet gives nod for incorporation of Six new IITs; Upgrades Indian School of Mines to IIT Veteran Communist leader KC Mathew died
• Draft Model Rules 2016 under Juvenile Justice Act, 2015 released
• Union HRD Minister launches Bharatavani Portal at Lucknow
• Union Road Transport Minister Gadkari launches safety feature-rich Nirbhaya buses
• Union Cabinet approves takeover of Hindustan Steel Works Construction Limited by NBCC
• India emerges as 5th largest producer of e-waste in world: ASSOCHAM-KPMG study
• Union Cabinet gives ex-post facto approval to MoU between India and Maldives for cooperation in field of tourism
• World Bank approved $250 million loan to Support Electricity Distribution Sector Reforms in Rajasthan
26 May 2016
• Health Minister JP Nadda launched Rotavirus vaccine as part of Universal Immunization Programme
• Hockey India Second Annual Awards 2015 conferred
• NBCC to launch Ganga cleaning project in Bihar
27 May 2016
• Anything But Khamosh: The Shatrughan Sinha Biography authored by Bharathi S Pradhan
• Mint can help fight cancer: CIMAP Researchers
• Gujarat government decided to set up first organic farming university of India
• Himachal Pradesh government released Sixth Economic Census report
• President’s Rule imposed in Uttarakhand
28 May 2016
• 63rd National Film Awards announced
• President Pranab Mukherjee conferred Padma awards 2016 on 56 awardees
• Haryana cabinet approved draft bill on reservation to Jats and four other castes
• Manohar Parrikar inaugurates second submarine assembly workshop in Mazgaon
• 42nd G7 Summit concluded in Japan
29 May 2016
• Trial run of High-Speed Spanish Talgo Train conducted in India
• President Pranab Mukherjee presented Malti Gyan Peeth Puraskar 2016
• Discus thrower Seema Punia qualifies for Rio 2016 Olympics
• SRH defeated RCB to win maiden Indian Premier League title
• Veteran TV and film actor Suresh Chatwal passes away
• The Unseen Indira Gandhi authored by Dr KP Mathur released
30 May 2016
• Railways, PEC sign MoU to set up Kalpana Chawla Chair on geospatial technology
• AR Rahman conferred with Japan's Fukuoka prize 2016
• Draft Trafficking of Persons (Prevention, Protection and Rehabilitation) Bill 2016 released
• Noted Kannada writer D Javare Gowda passes away
• CEAT Cricket Awards 2016 conferred
• Surajit Kar Purkayastha appointed Director General of West Bengal Police
• N K Chari takes over as MD of State Bank of Mysore
31 May 2016
• Admiral Sunil Lanba takes charge as 21st Navy Chief
• Union Government approved retirement age of doctors of Central Health Services to 65
• Index of Industrial Production of Eight Core Industries for April 2016 released
• National GDP Provisional Estimates for 2015-16 released
• Former Delhi Police Commissioner BS Bassi appointed UPSC member
• Fire breaks out at Central Ammunition Depot, Pulgaon
• Ashok Lavasa designated as Finance Secretary
• UP Government approves Detailed Project Report of Varanasi Metro Rail
1 June 2016
• IOC honours IOA chief N Ramachandran with Olympic Order
• Prime Minister releases National Disaster Management Plan to make India disaster resilient
• Direct Tax Dispute Resolution Scheme 2016 comes into force
• TRAI launches DND Services Mobile Application to register complaints against pesky calls, SMSes
• Noted comedian Razak Khan passes away
• Rahul Johri assumes charge as first ever CEO of BCCI
• Union Cabinet approves Proposal for Extension of Corridor-1 of Chennai Metro Rail Project Phase-I
• Union Cabinet approves MoU between DGCA and French Civil Aviation Authority
• Sachin Tendulkar's name to be used in Kerala Government's Anti-Drug Campaign
• Union Cabinet approves setting up of India Post Payments Bank
• Constitution of National Company Law Tribunal and Appellate Tribunal Notified
• CCEA approved Minimum Support Prices for Kharif Crops for 2016-17 Season
• Cabinet Committee on Economic Affairs approves Mau-Tarighat Railway line project
• CR Sasikumar takes over as MD of State Bank of Travancore
2 June 2016
• India announces to Double Investment in Clean Energy Research in next five years
3 June 2016
• Tamil actor-director Balu Anand died
• P Dhanapal re-elected as Tamil Nadu Legislative Assembly Speaker
• P Sreeramakrishnan elected as Speaker of Kerala Legislative Assembly
• Navin Agarwal appointed DG of National Anti-Doping Agency
• Asia's first Gyps Vulture Reintroduction Programme launched
• Nita Ambani becomes first Indian women to be nominated for International Olympic Committee
• ADB and Union Government signed Loan Agreement to upgrade 176 Km of roads in Jharkhand
• Gujarat Government unveiled IT and Electronics Start-up Policy 2016
4 June 2016
• Veteran actor Sulabha Deshpande passed away
• Assam Ease of Doing Business Bill, 2016 passed by State Assembly
• Odisha becomes first Indian state to give pension and food benefits to transgenders
• India becomes co-chair of Working Group on Maritime Situational Awareness under CGPCS
5 June 2016
• Manohar Aich, India’s first Mr Universe passes away
• Suresh Prabhu launches Tiger Trail Circuit Train on World Environment Day
• Rajiv Gauba Committee on Decongestion of Traffic in Delhi submitted report
• Gujarat Government unveiled IT and Electronics Start-up Policy 2016
• Rajasthan Government launches Mobile App RajVayu on Air Quality Index
• Himachal Pradesh becomes first state to launch green-concept based State Data Centre

IBPS PO 6 WRITTEN EXAM GUIDANCE SESSIONS ENROLLMENTS:

AT Present 37 candidates got enrolled with me. about 3 candidates per week are likely to complete their guidance , so three candidates per week may be considered by me for further enrollment.

you may call between 11 a.m. and 8 p.m. to get yourself enrolled.
guidance is available at nominal fee. only serious candidates should call. contact no 9811340788.

ANIL AGGARWAL

IBPS PO 6 WRITTEN EXAM GUIDANCE SESSIONS ENROLLMENTS:

AT Present 33 candidates got enrolled with me. about 3 candidates per week are likely to complete their guidance , so three candidates per week may be considered by me for further enrollment.

you may call between 11 a.m. and 8 p.m. to get yourself enrolled.
guidance is available at nominal fee. only serious candidates should call. contact no 9811340788.

ANIL AGGARWAL

G S T

you can share post on your timeline or with your friend. This will spread the knowledge

Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)

Following are the answers to the various frequently asked questions relating to GST:
Question 1.What is GST? How does it work?

Answer: GST is one indirect tax for the whole nation, which will make India one unified common market.

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages.

Question 2. What are the benefits of GST?

Answer:The benefits of GST can be summarized as under:

· For business and industry
o Easy compliance: A robust and comprehensive IT system would be the foundation of the GST regime in India. Therefore, all tax payer services such as registrations, returns, payments, etc. would be available to the taxpayers online, which would make compliance easy and transparent.
o Uniformity of tax rates and structures: GST will ensure that indirect tax rates and structures are common across the country, thereby increasing certainty and ease of doing business. In other words, GST would make doing business in the country tax neutral, irrespective of the choice of place of doing business.
o Removal of cascading: A system of seamless tax-credits throughout the value-chain, and across boundaries of States, would ensure that there is minimal cascading of taxes. This would reduce hidden costs of doing business.
o Improved competitiveness: Reduction in transaction costs of doing business would eventually lead to an improved competitiveness for the trade and industry.
o Gain to manufacturers and exporters: The subsuming of major Central and State taxes in GST, complete and comprehensive set-off of input goods and services and phasing out of Central Sales Tax (CST) would reduce the cost of locally manufactured goods and services. This will increase the competitiveness of Indian goods and services in the international market and give boost to Indian exports. The uniformity in tax rates and procedures across the country will also go a long way in reducing the compliance cost.

· For Central and State Governments
o Simple and easy to administer: Multiple indirect taxes at the Central and State levels are being replaced by GST. Backed with a robust end-to-end IT system, GST would be simpler and easier to administer than all other indirect taxes of the Centre and State levied so far.
o Better controls on leakage: GST will result in better tax compliance due to a robust IT infrastructure. Due to the seamless transfer of input tax credit from one stage to another in the chain of value addition, there is an in-built mechanism in the design of GST that would incentivize tax compliance by traders.
o Higher revenue efficiency: GST is expected to decrease the cost of collection of tax revenues of the Government, and will therefore, lead to higher revenue efficiency.

· For the consumer
o Single and transparent tax proportionate to the value of goods and services: Due to multiple indirect taxes being levied by the Centre and State, with incomplete or no input tax credits available at progressive stages of value addition, the cost of most goods and services in the country today are laden with many hidden taxes. Under GST, there would be only one tax from the manufacturer to the consumer, leading to transparency of taxes paid to the final consumer.
o Relief in overall tax burden: Because of efficiency gains and prevention of leakages, the overall tax burden on most commodities will come down, which will benefit consumers.

Question 3. Which taxes at the Centre and State level are being subsumed into GST?

Answer:
At the Central level, the following taxes are being subsumed:
a. Central Excise Duty,
b. Additional Excise Duty,
c. Service Tax,
d. Additional Customs Duty commonly known as Countervailing Duty, and
e. Special Additional Duty of Customs.

At the State level, the following taxes are being subsumed:
a. Subsuming of State Value Added Tax/Sales Tax,
b. Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States),
c. Octroi and Entry tax,
d. Purchase Tax,
e. Luxury tax, and
f. Taxes on lottery, betting and gambling.

Question 4. What are the major chronological events that have led to the introduction of GST?

Answer: GST is being introduced in the country after a 13 year long journey since it was first discussed in the report of the Kelkar Task Force on indirect taxes. A brief chronology outlining the major milestones on the proposal for introduction of GST in India is as follows:
a. In 2003, the Kelkar Task Force on indirect tax had suggested a comprehensive Goods and Services Tax (GST) based on VAT principle.
b. A proposal to introduce a National level Goods and Services Tax (GST) by April 1, 2010 was first mooted in the Budget Speech for the financial year 2006-07.
c. Since the proposal involved reform/ restructuring of not only indirect taxes levied by the Centre but also the States, the responsibility of preparing a Design and Road Map for the implementation of GST was assigned to the Empowered Committee of State Finance Ministers (EC).
d. Based on inputs from Govt of India and States, the EC released its First Discussion Paper on Goods and Services Tax in India in November, 2009.
e. In order to take the GST related work further, a Joint Working Group consisting of officers from Central as well as State Government was constituted in September, 2009.
f. In order to amend the Constitution to enable introduction of GST, the Constitution (115th Amendment) Bill was introduced in the Lok Sabha in March 2011. As per the prescribed procedure, the Bill was referred to the Standing Committee on Finance of the Parliament for examination and report.
g. Meanwhile, in pursuance of the decision taken in a meeting between the Union Finance Minister and the Empowered Committee of State Finance Ministers on 8th November, 2012, a ‘Committee on GST Design’, consisting of the officials of the Government of India, State Governments and the Empowered Committee was constituted.
h. This Committee did a detailed discussion on GST design including the Constitution (115th) Amendment Bill and submitted its report in January, 2013. Based on this Report, the EC recommended certain changes in the Constitution Amendment Bill in their meeting at Bhubaneswar in January 2013.
i. The Empowered Committee in the Bhubaneswar meeting also decided to constitute three committees of officers to discuss and report on various aspects of GST as follows:-
(a) Committee on Place of Supply Rules and Revenue Neutral Rates;
(b) Committee on dual control, threshold and exemptions;
(c) Committee on IGST and GST on imports.
j. The Parliamentary Standing Committee submitted its Report in August, 2013 to the Lok Sabha. The recommendations of the Empowered Committee and the recommendations of the Parliamentary Standing Committee were examined in the Ministry in consultation with the Legislative Department. Most of the recommendations made by the Empowered Committee and the Parliamentary Standing Committee were accepted and the draft Amendment Bill was suitably revised.
k. The final draft Constitutional Amendment Bill incorporating the above stated changes were sent to the Empowered Committee for consideration in September 2013.
l. The EC once again made certain recommendations on the Bill after its meeting in Shillong in November 2013. Certain recommendations of the Empowered Committee were incorporated in the draft Constitution (115th Amendment) Bill. The revised draft was sent for consideration of the Empowered Committee in March, 2014.
m. The 115th Constitutional (Amendment) Bill, 2011, for the introduction of GST introduced in the Lok Sabha in March 2011 lapsed with the dissolution of the 15th Lok Sabha.
n. In June 2014, the draft Constitution Amendment Bill was sent to the Empowered Committee after approval of the new Government.
o. Based on a broad consensus reached with the Empowered Committee on the contours of the Bill, the Cabinet on 17.12.2014 approved the proposal for introduction of a Bill in the Parliament for amending the Constitution of India to facilitate the introduction of Goods and Services Tax (GST) in the country. The Bill was introduced in the Lok Sabha on 19.12.2014, and was passed by the Lok Sabha on 06.05.2015. It was then referred to the Select Committee of Rajya Sabha, which submitted its report on 22.07.2015.

Question 5.How would GST be administered in India?

Answer:Keeping in mind the federal structure of India, there will be two components of GST – Central GST (CGST) and State GST (SGST). Both Centre and States will simultaneously levy GST across the value chain. Tax will be levied on every supply of goods and services. Centre would levy and collect Central Goods and Services Tax (CGST), and States would levy and collect the State Goods and Services Tax (SGST) on all transactions within a State. The input tax credit of CGST would be available for discharging the CGST liability on the output at each stage. Similarly, the credit of SGST paid on inputs would be allowed for paying the SGST on output. No cross utilization of credit would be permitted.

Question 6.How would a particular transaction of goods and services be taxed simultaneously under Central GST (CGST) and State GST (SGST)?

Answer :The Central GST and the State GST would be levied simultaneously on every transaction of supply of goods and services except on exempted goods and services, goods which are outside the purview of GST and the transactions which are below the prescribed threshold limits. Further, both would be levied on the same price or value unlike State VAT which is levied on the value of the goods inclusive of Central Excise.

Question 7.Will cross utilization of credits between goods and services be allowed under GST regime?

Answer :Cross utilization of credit of CGST between goods and services would be allowed. Similarly, the facility of cross utilization of credit will be available in case of SGST. However, the cross utilization of CGST and SGST would not be allowed except in the case of inter-State supply of goods and services under the IGST model which is explained in answer to the next question.

Question 8.How will be Inter-State Transactions of Goods and Services be taxed under GST in terms of IGST method?

Answer:In case of inter-State transactions, the Centre would levy and collect the Integrated Goods and Services Tax (IGST) on all inter-State supplies of goods and services under Article 269A (1) of the Constitution. The IGST would roughly be equal to CGST plus SGST. The IGST mechanism has been designed to ensure seamless flow of input tax credit from one State to another. The inter-State seller would pay IGST on the sale of his goods to the Central Government after adjusting credit of IGST, CGST and SGST on his purchases (in that order). The exporting State will transfer to the Centre the credit of SGST used in payment of IGST. The importing dealer will claim credit of IGST while discharging his output tax liability (both CGST and SGST) in his own State. The Centre will transfer to the importing State the credit of IGST used in payment of SGST.Since GST is a destination-based tax, all SGST on the final product will ordinarily accrue to the consuming State.

Question 9.How will IT be used for the implementation of GST?

Answer:For the implementation of GST in the country, the Central and State Governments have jointly registered Goods and Services Tax Network (GSTN) as a not-for-profit, non-Government Company to provide shared IT infrastructure and services to Central and State Governments, tax payers and other stakeholders. The key objectives of GSTN are to provide a standard and uniform interface to the taxpayers, and shared infrastructure and services to Central and State/UT governments.

GSTN is working on developing a state-of-the-art comprehensive IT infrastructure including the common GST portal providing frontend services of registration, returns and payments to all taxpayers, as well as the backend IT modules for certain States that include processing of returns, registrations, audits, assessments, appeals, etc. All States, accounting authorities, RBI and banks, are also preparing their IT infrastructure for the administration of GST.

There would no manual filing of returns. All taxes can also be paid online. All mis-matched returns would be auto-generated, and there would be no need for manual interventions. Most returns would be self-assessed.

Question 10.How will imports be taxed under GST?

Answer :The Additional Duty of Excise or CVD and the Special Additional Duty or SAD presently being levied on imports will be subsumed under GST. As per explanation to clause (1) of article 269A of the Constitution, IGST will be levied on all imports into the territory of India. Unlike in the present regime, the States where imported goods are consumed will now gain their share from this IGST paid on imported goods.

Question 11.What are the major features of the Constitution (122nd Amendment) Bill, 2014?

Answer :The salient features of the Bill are as follows:
g. Conferring simultaneous power upon Parliament and the State Legislatures to make laws governing goods and services tax;
h. Subsuming of various Central indirect taxes and levies such as Central Excise Duty, Additional Excise Duties, Service Tax, Additional Customs Duty commonly known as Countervailing Duty, and Special Additional Duty of Customs;
i. Subsuming of State Value Added Tax/Sales Tax, Entertainment Tax (other than the tax levied by the local bodies), Central Sales Tax (levied by the Centre and collected by the States), Octroi and Entry tax, Purchase Tax, Luxury tax, and Taxes on lottery, betting and gambling;
j. Dispensing with the concept of ‘declared goods of special importance’ under the Constitution;
k. Levy of Integrated Goods and Services Tax on inter-State transactions of goods and services;
l. GST to be levied on all goods and services, except alcoholic liquor for human consumption. Petroleum and petroleum products shall be subject to the levy of GST on a later date notified on the recommendation of the Goods and Services Tax Council;
m. Compensation to the States for loss of revenue arising on account of implementation of the Goods and Services Tax for a period of five years;
n. Creation of Goods and Services Tax Council to examine issues relating to goods and services tax and make recommendations to the Union and the States on parameters like rates, taxes, cesses and surcharges to be subsumed, exemption list and threshold limits, Model GST laws, etc. The Council shall function under the Chairmanship of the Union Finance Minister and will have all the State Governments as Members.

Question 12.What are the major features of the proposed registration procedures under GST?

Answer:The major features of the proposed registration procedures under GST are as follows:
i. Existing dealers: Existing VAT/Central excise/Service Tax payers will not have to apply afresh for registration under GST.
ii. New dealers: Single application to be filed online for registration under GST.
iii. The registration number will be PAN based and will serve the purpose for Centre and State.
iv. Unified application to both tax authorities.
v. Each dealer to be given unique ID GSTIN.
vi. Deemed approval within three days.
vii. Post registration verification in risk based cases only.

Question 13.What are the major features of the proposed returns filing procedures under GST?

Answer:The major features of the proposed returns filing procedures under GST are as follows:
a. Common return would serve the purpose of both Centre and State Government.
b. There are eight forms provided for in the GST business processes for filing for returns. Most of the average tax payers would be using only four forms for filing their returns. These are return for supplies, return for purchases, monthly returns and annual return.
c. Small taxpayers: Small taxpayers who have opted composition scheme shall have to file return on quarterly basis.
d. Filing of returns shall be completely online. All taxes can also be paid online.

Question 14.What are the major features of the proposed payment procedures under GST?

Answer:The major features of the proposed payments procedures under GST are as follows:
i. Electronic payment process- no generation of paper at any stage
ii. Single point interface for challan generation- GSTN
iii. Ease of payment – payment can be made through online banking, Credit Card/Debit Card, NEFT/RTGS and through cheque/cash at the bank
iv. Common challan form with auto-population features
v. Use of single challan and single payment instrument
vi. Common set of authorized banks
vii. Common Accounting Codes