
Major Events and Trends as of August 13, 2024
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. |