Current Affairs: Major Events and Trends as of August 13

Major Events and Trends as of August 13, 2024

Key Developments Overview
No. Current affairs Summary
1 GST Adjustments The GST Council reviewed tax rates on essential goods, aiming to simplify the tax structure and support economic growth by easing the burden on consumers.
2 Challenges for MSMEs Addressing the significant credit gap faced by Micro, Small, and Medium Enterprises (MSMEs) is seen as vital for enhancing job creation and fostering economic development in India.
3 Bangladesh’s Political Future Concerns have surfaced regarding the potential political changes in Bangladesh post-Sheikh Hasina, particularly their impact on regional stability and India’s bilateral relations.
4 Zika Virus Precautions With the threat of the Zika virus on the rise, states are urged to boost their testing and genome sequencing capacities to better manage and contain potential outbreaks.
5 Collision Avoidance Technologies Advances in Collision Avoidance Systems (CAS) across various sectors, including railways and aviation, are being emphasized to enhance safety and reduce accidents.
6 Fiscal Federalism Issues The central government’s use of cesses and surcharges is under scrutiny, with states expressing concerns over its impact on their financial autonomy and fiscal health.
7 AI and Cybersecurity Risks The increasing role of AI in cyberattacks poses new security challenges, with discussions highlighting the need for robust defenses against AI-driven disinformation and cyber threats.
8 Innovative Medical Dressing Indian researchers have developed a xerogel dressing capable of rapidly clotting blood, offering significant improvements in trauma care and surgical procedures.
9 Supreme Court’s Role in Liberties The Supreme Court’s involvement in protecting individual liberties, particularly in politically sensitive cases, underscores its importance in upholding justice and the rule of law.
10 Effectiveness of Environmental Policies Environmental organizations have raised concerns about the efficacy of India’s policies in addressing climate change, especially with the increasing frequency of extreme weather events.
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