Current Affairs - July 2019

Latest Current Affairs July, 2019 with Current Affairs, news summary on current events of National and International importance of July, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

PDF Compilation of these updates can be downloaded from This Link

B S Yeddyurappa sworn in as Chief Minister of Karnataka

State BJP President B.S. Yediyurappa (76) took oath as 31st Chief Minister of Karnataka by Governor Vajubhai Vala. His appointment comes 3 days after collapse of Congress-JD(S) government. He is set to take floor test on 31 July 2019 to prove his majority.

This is for 4th time Yediyurappa’s is being sworn as Chief Minister however he has never completed full term as CM.

Key Highlights

Swearing in came after weeks of political drama in Karnataka state politics and legal battle triggered by resignation of 15 rebel Congress and JDS MLAs that led to the fall of Congress-JD(S) coalition government led by HD Kumaraswamy as Chief Minister.

He was the lone person to be sworn in and is expected to decide on members of his Cabinet after consulting party president Amit Shah.

Chief Minister BS Yediyurappa would call Karnataka assembly session for moving motion of confidence and passage of finance bill on 29 July and legislative council would begin its proceedings on July 30.

Announcements Made:

After a Cabinet meeting, he announced loan waiver of ₹100 crore borrowed by weavers before 31 March 2019.

He also announced sops for farmers and weavers. It includes an additional sum of Rs.4,000 in 2 instalments would be given to farmers from State government under the Pradhan Mantri Kisan Samman Nidhi (PMKSM), which will take total benefit to Rs.10,000, including Rs.6,000 from Centre.

Get these updates on Current Affairs Today Android App

Badri Narain Sharma reappointed NAA Chief

Appointments Committee of Cabinet, chaired by Prime Minister Narendra Modi, has reappointed Badri Narain Sharma as chairman of National Anti-profiteering Authority (NAA) for 2 years. B N Sharma a 1985-batch IAS officer from Rajasthan was due for retirement on August 2019.

About National Anti-profiteering Authority (NAA)

NAA was constituted in 2017. It ensures that consumers get benefit of reduced prices under Goods and Services Tax (GST).

Structure: At present NAA has 3 members- J C Chauhan, Chairman, Tax Tribunal, Himachal Pradesh and Indian Revenue Service (IRS) officers R Bhagyadevi and Amand Shah.

Mandate: To protect consumer interests by ensuring that benefits of input credit and reduction in GST rates on specified goods or services are passed on to them by way of commensurate reduction in prices.

NAA has power to cancel registration of any entity/business if it fails to pass on to consumers benefit of lower taxes under GST regime, but it would probably be last step against any violator.

As per Anti-Profiteering Mechanism’s structure in GST regime-

  • Local level Complaints are 1st sent to state-level screening committee.
  • National level Complaints are marked for standing committee.

Get these updates on Current Affairs Today Android App