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20 FEB- Current Affairs (GS-2)
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Part 4

Ashish Malik is teaching live on Unacademy Plus

Ashish Malik
Verified UPSC Educator@Unacademy Plus, Writer, Poet, Alignment Design engineer, Motivational speaker, YouTuber, Blogger, Counsellor

U
Unacademy user
nice its so helping thank you mam
Fiji is located in Malensia not Micronasia so no 1 is wrong.No 2 is correct.Island of Fiji is formed by volcanic activity not tectonic so no 3 is wrong.Thus only No2 is correct.
Hlo Sir.... Wht abt d PIB NEWS DISCUSSION..?
  1. DELHI EDITION THEIINDU THE HINDU Dailv News Letter- 20/02/2019 GS-1 Paper Page 18 New Universe map unveils 3,00,000 more galaxies GS-2 Paper Page 1 Cabinet approves new National Electronics Policy Page 10 Triple talaq ordinance to be reissued Page 11 Fiji to maintain China-India balance GS-3 Paper Page 7 7 islands in Andamans, Lakshadweep identified for seaplane operations Page 13 New angel tax rules provide relief to eligible startups GST Council to discuss realty rates Cabinet approves Phase II of rooftop solar programme Editorials and Oped (Page 8 and 9) Interim bailout (GS-3) Clean power (GS-3) The Saudi-India-Pakistan triangle (GS-2)


  2. My Referral Code- AshishMalik-8996 About Me Lise this while subscribing and get amazing discounts on plus . . Civil Appeared in UPSC CSE Mains twice 5 years of preparation experience 2 years of Teaching experience Star. Verified and Plus Educator @Unacademy On Unacademy:- More than 1200 lessons and 1lakh 80 thousand lifetime views Subject expertise- Geography. History. Environment. Polity and Governance. Essay Writing. GS Answer Writing. Interview Guidance. Preparation Strategies. Test Series(MCQs) and International Relations UNACADEMY https:/lunacademy.com/userlAshishMalik-8996 Google Search "Ashish Malik Unacademy


  3. GS PAPER 2


  4. Newsletter- 2o/o2/2019 with ASHISH MALIK


  5. FIJ The Republic of Fiji is an island country in Melanesia, part of Oceania in the South Pacific 0cean about 1,100 naufical miles (2,0oo km; 1,300 mi) northeast of Neuw Zealand's North Island Its closest neighbours are vanuatu to the west, News Caledonia to the southwest, New Zealand's Kermadec Islands to the southeast, Tonga to the east, the Samoas and France's Wallis and Futuna to the northeast, and Tuvalu to the north The majority of Fiji's islands formed through volcanic activity o Ils currency is the Fijian dollar, and its main sources of foreign exchange are its tourist industry and sugar exports Fijt is a ma jor producer of sugar. The state owned Fiji Sugar Corporation (FSC) is the Largest public enterprise in the country, employing some 3,oo0 people


  6. Taiwan Mariana is. Hawai Philippines MICRONESIA Caroline ls. Marshall Is. Palau POLYNESIA Kiribati Bismarck Arch. New Guinea Solomon Is. Tuvalu Tokelau Marquesas Is. Tuamotu Arch. Mangareva Samoa ELANESIA anta Crua Vanuatu Cook Is. Society Is. Fiji Australia New Caledonia Tonga Austral Is. Easter Island Kermadec Is. Norfolk Is New Zealand


  7. Quiz Time G. Fiji has been in the news once again. Which of the following statement(s) is/are correct about Fijt: o 1. It is an island country in Micronesia, part of Oceania in the South Pacific Ocean 2. Its main sources of foreign exchange are its tourist indlustry and sugar exports 3. The majority of Fijit's istands formed through Tectonic activity Code: A. 2 only B. 1 and 2 C. 2 and 3 D. 3 only


  8. GS PAPER 3


  9. 7 islands in Andamans, Lakshaduweep identified for seaplane operations Bids invited for private sector participation in tourism based projects o four istands in the Andamans respectively Susarajduseep, Saheedduweep, Hutbay, Long island and three in Lakshaduseep respectively Kavaratti, Agatti and Minicoy have been identified for seaplane operation


  10. Other key Infrastructure Projects:- Operationalisation of the iglipur airport in the Andamans for ruhtnclteraf of e ft civilian aircra o Construction of a news airport in the Minicoy, Lakshadlweep Middle Strait Bridge on Andaman Trunk Road Projects identified for private sector participation- Eco-tourism on Smith island and Long island in the Andamans Tent city on Aves islan Tourism project at Kadmat, Minicoy and Suheli Cheriyakara in Lakshaduwseep.


  11. Coco Channel Narcondam Intervlew Sound I Middle Andaman Bengal Barren L NH4 Outram L Soirth Havelock Island (Swaraj Dweep) Ross Island (Netaji Subhash Chandra Bose Island) PORT BLAIR Rutiand l North Neil Island (Shaheed Dweep) sland Duncan Passage Little Andaman Andaa Ton Dogree Ch Car Nicobar I Chowra L Camortal. NancowryL Katchal INDIA r Chasn Little Nicobar Great Nicobor I and hland Indira Point Great Channe


  12. New angel tax rules provide relief to eligible start- ups Centre's notification exempts investments up to 25 crore in eligible firms and funding by nonresident Indians o Angel tax is applicable to unlisted companies that have raised capital through sale of shares at a value above their fair market value. s This excess capital is treated as income and taxed accordingly o This tax predominantly affects startups and the angel investments they attract. o According to Tuesday's notification, investments of up to 25 crore in an eligible company sill be exempt from the angel tax 1n addition, investments made by a Listed company of a net worth of at least 1oo crore or a turnover of at least also be exempt 50 crore would also be exe mpt. Investments made by non residents will s An eligible startup would be one that is registered with the government, has been in corporated for less than 10 years, and has a turnover that has not exceeded that period. 100 crore over


  13. This clarification would help in avoiding potentially significant tax challenges faced by startups o In order to register with the government as a startup, the company will also have to make an ontine application to the bepartment for Promotion of Industry and Internaltrade(DPIIT) This application will have to be accompanied by a copy of the Certificate of Incorporation or Registration, a writeup about the nature of the business highlighting hous it is working towards "innovation,development or improvement of products or processes or services, or its scalability in terms of employment generation or wealth creation. The startup will also have to attest to the fact that it has not invested in any Land that is not being used in its ordinary course of business, any vehicle over the value of k10 Lakh, any jewellery, among other things.


  14. Quiz Time Q. Choose the correct statement: 1, Angel tax is applicable to listed companies that have raised capital through sale of shares at a value above their fair market value. 2. T his tax predominantly affects startups and the angel investments they attract. o Code: A. 1 only B. 2 only C. Both D. None


  15. GST Council to discuss realty rates o Meeting will be held to discuss key issues such as the possible reduction of rates on the real estate sector, and ways to increase tax collections This will be the last meeting of the Council before the general elections, since the model code of conduct will come into force soon o GST Council, in December, had created a Group of Ministers to look into the applicability of GST rates on under construction properties One of the options reportedly recommended by the GoM was to reduce the tax rate on the sale of such properties to 5% without input tax credits (ITC from the current 12% with ITC. o Tax experts feel that removing ITC for the real estate sector would be a big blow to the structure of GST since it would open the doorway for other sec- tors to ask for similar treatment, whereas the backbone of GST is built on the provision of ITC


  16. INPUT TAX CREDIT o Input credit means at the time of paying tax on output, you can reduce the tax you have already paid on inputs o say, you are a manufacturen tax payable on output (FINAL PRODUCT) is Rs 450 tax paid on input (PURCHASES) is Rs 300 You can claim INPUT CREDIT of Rs 300 and you onty need to deposit Rs 150o in taxes .) Input Credit in GST o Input Credit Mechanism is available to you when you are covered under the GST Act.Which means if you are a manufacturer, supplier, agent, e-commerce operator, aggregator or any of the persons mentioned here, registered under GST, You are eligible to claim INPUT CREDIT for tax paid by you on your PURCHASES.


  17. Quiz Time o Which of the following is/are eligible to claim INPUT CREDIT for tax? 1. manufacturer 2. supplier 3, agent 4. e-commerce operabotr o 5. aggregator o Code: A. 1,2,4 and 5 8. 1, 4 and s C. 1, 2 and 4 D. 1,2,3,4 and 5


  18. Cabinet approves Phase II of rooftop solar programme Provides for 40% central funding for installations up to 3kW o The Cabinet Committee on Economic Affairs on Wednesday approved PhaseII of the Grid Connected Rooftop Solar Programme that aims to achieve a cumulative capacity of 4o,000 MW from rooftop solar projects by 2022. o Phase 11 programme provides for central financial assistance (for residential rooftop solar installations) up to 40% for rooftop systems up to 3kW and 20% for those with a capacity of 3-10k The second phase will also focus on increasing the involvement of the distribution companies (DISCOM) In a separate decision, the Cabinet approved the launch of the Kisan Urja Suraksha Evam Utthaan Mahabhiyan aimed at providing financial and water security to farmers. .. Through the scheme, farmers will be given financial assistance to set up solar panels in their unused or fallow Land.


  19. Kisan Urja Suraksha evam Utthaan Mahabhiyan Proposed scheme consists of three components: o Component-A: 10,ooo MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants. o Componenb-8: Installation of 17.50 Lakh standalone Solar Powered Agriculture Pumps Component-C: Solarisation of 10 Lakh Grid-connected Solar Powered Agriculture Pumps, o All three components combined, the scheme aims to add a solar capacity of 26,750 MW by 2022. The total central financial support provided under the scheme would be Rs. 34,422 crore.