Current Affairs – September, 2019

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

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GSTN to make Aadhaar authentication mandatory for new dealers from January 2020

The Goods and Services Tax (GST) Network has decided to make Aadhaar authentication or physical verification mandatory for new dealers from January 2020 so as to check malpractices in GST. Aadhaar authentication was earlier optional.

The announcement in this regard was made by Deputy Chief Minister of Bihar Sushil Kumar Modi, who heads the Group of Ministers of GST Network.

Key Highlights

This decision was taken after noticing in last two years that there are a good number of fly-by-night operators, who make fake invoices.

For those who do not want Aadhaar authentication, physical verification will be carried out, which will be completed in 3 days.

As refunding is a big issue, the GST Network has also decided on complete online refunding from 24 September 2019 from a single source, either by Central GST or State GST.

Moreover, no State government is in favour of slashing the GST slab for Automobile sector from 28% to 18%, fearing loss of revenue.

About Goods and Services Tax (GST) Network

GSTN has been jointly registered by Central and State Governments as a not-for-profit Company under Section 8 of Companies act, 2013.

It was primarily set up to provide IT infrastructure and services to Central government, State governments, tax payers and other stakeholders for GST implementation.

The restructured GSTN, with 100% government ownership has equity 50:50 structure between Centre and the States.

Month:  Categories: Business, Economy & Banking

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Spain wins 2nd FIBA basketball World Cup title

Spain captured its second FIBA basketball World Cup title after defeating Argentina with 95-75 in the gold medal game held at Wukesong Arena in Beijing, China. The Spaniards won their 1st basketball World Cup title in 2006 in Japan.

Key Highlights

The Spaniards capped a dominant run as they finished undefeated at 8-0.

Point guard Ricky Rubio was named Most Valuable Player of the international competition. He led Spain with 20 points, 7 rebounds and 3 assists. He surpassed Pablo Prigioni of Argentina as World Cup assists leader since FIBA started recording all game statistics in 1994.

Marc Gasol won his 2nd championship in less than 3 months. He won NBA championship with Toronto Raptors and has become 2nd player to win an NBA title and FIBA World Cup title in same year. In 2010, Lamar Odom accomplished this feat for Los Angeles Lakers and USA Basketball.

Gasol who finished with 14 points, 7 rebounds and 7 assists was among 5 players named to FIBA World Cup 2019 All-Star Five. The other four are Rubio, Bogdan Bogdanovic of Serbia, Luis Scola of Argentina and Evan Fournier of France.

Month:  Categories: Sports & Games

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