Current Affairs - September, 2018

Latest Current Affairs September, 2018 with Current Affairs, news summary on current events of National and International importance of September, 2018 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Government launches online platform for Agmark quality certification

Union Ministry of Agriculture and Farmers Welfare launched online software for processing applications Agmark quality certification mark for agricultural products. It was launched by Agriculture Minister Radha Mohan Singh.

Agmark

Agmark is certification mark that assures conformity to set of standards approved by Government agency Directorate of Marketing and Inspection. It is legally enforced by Agricultural Produce (Grading and Marking) Act of 1937 (and ammended in 1986). The present AGMARK standards cover quality guidelines for 205 different commodities spanning variety of cereals, pulses, vegetable oils, essential oils, fruits & vegetables, and semi-processed products like vermicelli. The term agmark was coined by joining the words ‘Ag’ to mean agriculture and ‘mark’ for certification mark. This term was introduced originally in bill presented in Parliament for the Agricultural Produce (Grading and Marking) Act.

Agmark online system

It is being implemented across the country to conduct quality control functions. It will be available 24×7. It will make process of application is simple, quick, transparent. Through this online system, certificate of authorisation (domestic), permission of laboratories (domestic), permission of printing press and services related to laboratory information management system will be provided online. The online system will make processes easy, reliable and cost effective.  It also has provisions for online receipt of fees from the applicants as payments can be received in digital mode through bharatkosh.gov.in website.

Directorate of Marketing and Inspection (DMI)

DMI is an attached Office of Department of Agriculture, Cooperation and Farmers Welfare under Ministry of Agriculture & Farmers Welfare. It was set up in 1935 to implement agricultural marketing policies and programmes for integrated development of marketing of agricultural and other allied produce in country with view to safeguard interests of farmers as well as the consumers. It maintains close liaison between Central and State Governments.

Month: Categories: Science & Technology

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Cabinet approves conversion of GSTN into government entity

The Union Cabinet has approved conversion of Goods and Services Tax Network (GSTN) into government-owned company. Government will now own 100% of GSTN which is IT backbone to GST regime. Majority of Goods and Services Tax (GST) processes including registration, filing of returns, payment of taxes, processing of refunds is IT driven and mainly through GSTN.

Background

Earlier in May 2018,  GST Council, chaired by Union Finance Minister Arun Jaitley and comprising state finance ministers had agreed to make GSTN a government company with Centre owning 50% stake and states together holding the remaining 50%. Over 1.1 crore businesses are registered on GSTN portal. With enhanced role of GSTN from just collecting taxes to data analytics, Government had felt that it should now be the majority owner in the IT backbone provider.

Goods and Services Tax Network (GSTN)

GSTN was set up as not for profit, non-Government, private limited company in 2013. It was established primarily to provide IT infrastructure and services to Central and State Governments, tax payers and other stakeholders for implementation of Goods and Services Tax (GST).

Currently, Centre and states together hold 49% stake (24.5% each) in GSTN. The remaining 51% is owned by five private financial institutions- ICICI Bank, NSE, HDFC Ltd, HDFC Bank and LIC Housing Finance Ltd. Its revenue model after GST was rollout out consisted of User Charge to be paid by stakeholders who will use the system and making it self-sustaining organization.

Month: Categories: Governance & Politics

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