Current Affair of 02 April 2018, Exam View.

Current Affair 02 April 2018

E-way bill system comes into force

All set for the implementation of E-waybill system from April 1 in Andhra Pradesh and other States in the country. The E-way bill is for movement of goods which can be generated on the e-Way Bill Portal, maintained by the Union government.

  • GST Portal ready to give bill number to customers With the system, traders cannot use one bill multiple times
  • It reduces corruption and enhances income to government, says Shaik Khadar Rehman, Additional Director of GST
  • The main advantage with the E-way bill is that the traders cannot cheat the government by using the bill multiple times for transportation of goods
  • As part of the nation-wide implementation of uniform Goods and Services Tax (GST), the e-way bill system is also introduced by the Central government.

    When an E-way bill is generated, a unique E-way bill number (EBN) is allotted and is available to the supplier, recipient and the transporter.

    E-way bill must be generated when there is transportation of goods worth more than Rs.50,000 in value, to or from a registered person."The GST portal can generate 75,000 e-way bills across the country

    Allahabad Bank cuts lending rates by 45 bps

    Public sector lender Allahabad BankBSE -1.33 % has reduced the base rate and benchmark prime lending rate (BPLR) by 45 basis points each, a move that will lower EMIs for its borrowers.

    The Asset Liability Management Committee (ALCO) of the bank has decided to reduce base rate and BPLR (benchmark prime lending rate) by 45 basis points.

    Allahabad Bank has slashed base rate to 9.15 per cent from 9.60 per cent. BPLR has been brought down to 13.40 per cent from 13.85 per cent.

    Mithali Raj adjudged ‘Sportsperson of the Year’

    Indian women's cricket team captain Mithali Raj was adjudged 'Sportsperson of the Year' while ace shuttlers Kidambi Srikanth and P V Sindhu bagged the best senior male and female athletes at the Telangana Sports Journalists Association annual awards for 2017 here today.

    India loses contact with GSAT-6A satellite

    The Indian Space Research Organisation (ISRO) confirmed on Sunday afternoon that communication with GSAT-6A, the country's newest communication satellite, was lost after the second firing of the on-board engine, which was performed on Saturday(31 March 2018). Efforts are under way to establish the link with the satellite

    The 2,000 kg-plus GSAT-6A was launched on the indigenous GSLV rocket on March 29 from the Satish Dhawan Space Centre in Sriharikota. It was placed in an initial elliptical orbit 169.4 km x 36,692 km.

    • ISRO has lost contact with the GSAT-6A, India’s most powerful communication satellite, in less than 48 hours after it was launched.
    • It was circling the Earth almost every 13 hours.
    • One of its biggest losses in communication fleet was the INSAT-2D, which died in its orbit in October 1997, just four months into work.

    Chinese space station 'crashes to Earth over the South Pacific'

    A Chinese space station roughly the size of a school bus has crashed to Earth over the South Pacific, and "mostly burned up on re-entry.

    The "Heavenly Palace", also known as Tiangong-1, began its descent around 10:15am.

    The Tiangong-1 was launched in 2011 to carry out docking and orbit experiments as part of China's ambitious space programme, which aims to place a permanent station in orbit by 2023.