Daily Current Affairs Capsule PDF For UPSC Civil Service, Banking, SSC, State Civil Services, Railways, CLAT and other competitive exams in India.
The Daily Current Affairs Capsule for 2nd September 2019 contains news related to the appointment of new Governors, India’s Longest Electrified Rail Tunnel, FPI pulling out money, GST revenue decrease and more
India’s Longest Electrified Rail Tunnel inaugurated in Andhra Pradesh
India’s longest Electrified Rail Tunnel was inaugurated on 01st September 2019 by honourable vice-president M. Venkaiah Naidu. This tunnel, which has 44 trolley refuges and 14 cross-passages in a horseshoe design, is located between Cherlopalli and Rapuru in Andhra Pradesh.
The total construction cost of this tunnel is Rs 437 crore and has a length of 6.7 Kms. Vice-president Naidu called the tunnel an “engineering marvel”. The tunnel will provide viable rail connectivity between the Krishnapatnam Port and will help in the seamless movement of freight.
The vice-president also inaugurated an electrified railway line between Venkatachalam and Obulavaripalli. This newly inaugurated line, built at a cost of ₹1,993 crore, reduces travel time from 10 to five hours for a goods train from Krishnapatnam Port to Obulavaripalli. This line has nine railway stations along the route, 146 bridges, 60 road-under-bridges and two tunnels.
The vice-president also inaugurated the remodelled yard at Guduru railway station and a new inter-city superfast express train between Guduru and Vijayawada.
Lt. Gen. Mukund Naravane takes over as Vice-Chief of the Army Staff
Lieutenant General Manoj Mukund Naravane has taken over the charge as vice-Chief of the Indian Army. He has succeeded Lt. Gen. D. Anbu who retired from service on August 31. He is the most probable candidate for the Army chief’s post when incumbent Gen. Bipin Rawat retires on December 31.
About Lt. Gen. Mukund Naravane:
- Before becoming vice-Chief of the Indian Army, he was heading the Eastern Command of the Army which secures the 4,000-km (approx.) India’s border with China.
- He was awarded the ‘Sena Medal’ (Distinguished) for effectively commanding his battalion in Jammu and Kashmir.
- He is also a recipient of the ‘Vishisht Seva Medal’ for his services as the Inspector General Assam Rifles (North) in Nagaland
- He was awarded ‘Ati Vishisht Seva Medal’ for commanding of a prestigious strike corps.
- He was conferred ‘Param Vishisht Seva Medal’ for his distinguished services as the GOC-in-C of the Army Training Command.
GST collection falls to its lowest in August 2019
Goods and Services Tax (GST) revenues have fallen to a six-month low of ₹98,202 crore in August 2019. But the Average collections of GST in this financial year are still above ₹1.02 lakh crore.
The total gross GST revenue collected in the month of August 2019 is ₹98,202 crore out of which CGST is ₹17,733crore, SGST is ₹24,239crore, IGST is ₹48,958 crore and cess is ₹7,273 crore. Also, the total number of GSTR 3B Returns filed for the month of July up to August 31, 2019 is 75.80 lakh. The revenue collected in August 2019 was 4.51% higher than what was collected in August 2018.
5 new Governors appointed by President of India
The President of India has appointed five new Governors in various states of India i.e. Telangana, Himachal Pradesh, Kerala, Maharastra and Rajasthan.
Himachal Pradesh: Bandaru Dattatreya has been appointed as the new Governor of Himachal Pradesh. He has replaced Kalraj Mishra, who has been appointed as the new Governor of Rajasthan.
Maharashtra: Senior BJP leader Bhagat Singh Koshyari has been appointed as Governor of Maharashtra.
Kerala: Former Civil Aviation minister Arif Mohammed Khan has been appointed as the new Governor of Kerala
Telangana: Tamilisai Soundararajan, the former Tamil Nadu BJP chief and the party’s national secretary, has been appointed as the new Governor of Telangana. The post was under the dual charge of E S L Narasimhan who has recently demitted office.
Rajasthan: Kalraj Mishra, the former Governor of Himachal Pradesh, has been appointed as the new Governor of Rajasthan.
Foreign investors pull out Rs 5,920 crore from India in August 2019
Foreign investors pulled out a net amount of Rs 5,920 crore from the Indian capital markets in August 2019. This has happened even as the government announced for the revocation of enhanced super-rich tax on foreign and domestic equity investors imposed in this year’s Budget.
As per the latest depositories data, foreign portfolio investors (FPIs) withdrew a net amount of Rs 17,592.28 crore from equities and pumped in a net sum of Rs 11,672.26 crore in the debt segment, translating into a total net outflow of Rs 5,920.02 crore during August 1 – 30. In July 2019, FPIs had pulled out a net amount of Rs 2,985.88 crore from the capital markets.
Extra Facts: The real between the Foreign Direct Investor (FDI) and FPI is that while FDI aims to take control of the company in which investment is made, FPI aims to invest in shares and bonds of the company without having any role in the management of the company.
IIM Indore will offer a voluntary course on Sanskrit
The Indian Institute of Management will offer a voluntary course on Sanskrit to its students and faculty members. This move, based on popular demand, will be in addition to ongoing yoga classes, with an aim to promote “Indian ethos”.
IIM Indore offers language electives in the second year for its post-graduate programme and the third year for its graduate one. The institute has also given a push to other Indian languages like Tamil, Telugu and Kannada by populating its library with books in those languages.
These were today’s Daily Current Affairs Capsule and GK Updates i.e. Current Affairs Gk for 02nd September 2019. All the current affairs news is collected from important sources such as the Hindu, PIB, The Indian Express, The Economic Times, The Times of India newspaper along with other relevant information to prepare the current affairs for various exams.
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