TNPSC Daily Current Affairs - August 5 & 6, 2018 - TNPSC Current Affairs - www.TNPSCGURU.in 2018

TNPSC Current Affairs - August 2018 by TNPSC Guru

1.Lok Sabha Passes National Commission for Backward Class 

Lok Sabha has passed Constitution (123^rd Amendment) bill 2017 by providing constitutional status to National Commission for Backward classes.

2.GST Council – Cash back for Digitalisation. 

• GST council has announced cash back of 20 Per Cent of the total GST Amount , subject to max limit of Rs 100 if customers making digital transaction.
• GST Council is a constitutional body which aids and advice Union and State government relating to Goods and Services taxes.
• GST Council Created as per Article 279A of the amended Constitution.

3.Fugitive Economic Offenders Bill 2018 

• President Ram Nath Kovind given his assent for promulgate the Fugitive Economic Offenders Bill 2018 which helps to prevent the economic offenders from evading the process of Indian law by staying outside the jurisdiction of Indian Courts.
• The total value of 100 crore or more will come under the purview of this bill.
• Article 111 of Indian Constitution deals with, when the bill passed in Parliament and can become an act only if it receive assent from President.

 Features of the Bill. 

• The bill will force the fugitive to return to India to face the trial.
• Confiscation of the property of offender in India, Abroad including benami property.
• Fugitive economic offender cannot demand any civil claim.
• Separate administrator will appoint to manage and dispose the confiscated property.•  
• This bill will help to improve the financial health of the banking sector because non –payment of loan will worsen the financial health of the bank.

 4.Ajay Data 

Ajay Data becomes the first Indian to be appointed a member of Country Code Supporting Organisation (ccNSO) by Internet Corporation for Assigned Names and Numbers (ICANN).

5.World championship badminton 2018 

PV Sindhu wins Silver in World Championship Badminton losing to Carolina Marin held in Nanjing , China.