Banking Awareness and Financial affairs updates for April 8th , 2017 – for IBPS, SBI, SSC Exams

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Hello friends, This is the Updates of  Banking Awareness  April 8 2017. This will helpful for tackling Banking awareness section in SBI, IBPS, SSC, UPSC Exams.

 Rajya Sabha passes GST bill without amendments

Will be active from July 1st

The Rajya Sabha passed the historic Goods and Services Tax (GST) bill without any amendments.

The Lok Sabha had passed four key GST Bills on March 29 while rejecting amendments moved by the opposition.

India, Israel sign defence deal

inked deals about $2 billion

India and Israel on inked mega defence deals worth over $2 billion for advanced surface-to-air missile systems.

The second deal to be inked was for a similar SAM system to be fitted on board the 40,000-tonne indigenous aircraft carrier INS Vikrant being built at the Cochin Shipyard.

Online tax filing portal for GST

GSP (GST Suvidha Provider ) taxation solution

Online tax filing portal announced that it has developed a technology platform to help businesses comply with the provisions of GST law.

It’s a multi GSP (GST Suvidha Provider ) taxation solution and it helps to monitor one billion invoices which will be generated once the GST comes into action.

Germany to launch cyber command centre

CIR will start off with 260 IT specialists

Germany is the first NATO state to launch a “self-contained” cyber command unit designed to shield IT and weapons systems from growing attacks.

The Bundeswehr’s Cyber and Information Space (CIR) boasts a status equal to that of the army, navy, and air force.

CIR will start off with 260 IT specialists, but will grow to 13,500 military and civilian personnel by July.

Free legal aid in triple talaq cases

PK Haneefa to provide legal assistance to divorced women.

Women in Kerala divorced through the Islamic tradition of triple talaq can now receive free legal aid sponsored by the state government.

Kerala’s minority commission constituted a special committee under retired judge PK Haneefa to provide legal assistance to divorced women.

It also set up a toll free helpline number (0471-2315122).

Geo tag for RKVY assets

geo-tagging process of all assets of RKVY

The government has decided to geo-tag all assets like farm ponds, soil testing labs and seed godowns created under the Rashtriya Krishi Vikas Yojna (RKVY) for their better utilisation.

A MoU regarding this was signed between the National Remote Sensing Centre and RKVY.

NRSC officials said that it will complete the geo-tagging process of all assets of RKVY by end of 2017-18 financial year.

South Indian Bank, Flyworld Money in pact for remittances

Facilitate remittances by Indian expatriates in Australia

South Indian Bank has entered into an agreement with Flyworld Money Exchange to facilitate remittances by Indian expatriates in Australia. Through this tie-up, NRIs in Australia could enjoy quick and cost-effective remittances to India using the SIB Express facility. Using this facility, NRIs can now remit funds with ease to any commercial bank in India. SIB has a correspondent banking arrangement with National Australia Bank for remittances to India.

Equal pay for men and women – mandatory in Iceland

iceland is ranked No.1 in WEF, 2015

Recently, a bill has been passed in the Irish Parliament of Iceland regarding equal pay for men and women in the country. The main aim is to abolish the gender inequality among the citizens. This will also be applicable to the discrimination on race, religion, caste, age, disability etc. Iceland ranks first in the World Economic Forum, 2015.


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