Daily Current Affairs 15th April, 2018
April 16, 2018

Daily Current Affairs 15 April 2018 for Banking/Insurance/SSC and other related exams.

NATIONAL NEWS

Intra-state E-way bill rolled out in 5 states

E-way bill requirement for intra-state movement of goods has been rolled out in 5 states i.e. Gujarat, Uttar Pradesh, Andhra Pradesh, Telangana and Kerala. The electronic e-way bill for inter-state movement of goods valued over Rs 50,000 was rolled out on April 1.

FM Arun Jaitley takes oath as Member of Rajya Sabha today

Union Finance Minister Arun Jaitley, who was re-elected to the Rajya Sabha in March, took oath for his new term on April 15, 2018.

He was elected to the Rajya Sabha from Uttar Pradesh.

INTERNATIONAL NEWS

O’Connell Tower reopens to public after 47 years

O’Connell Tower of Ireland has reopened to the public here after 47 years following a bomb attack. It is the tallest tower of Ireland.

China aims at establishing Hainan free trade zone by 2035

The China has aimed at making the free trade port system and operational mode of Hainan “more mature” by 2035.

A free trade port system will be “basically established” in Hainan by 2025, according to the guidelines on supporting Hainan’s efforts to deepen reform and opening up jointly released by the Central Committee of the Communist Party of China (CPC) and the State Council.

Neelum Jehlum Hydropower Project inaugurated in PoK

Pakistan Prime Minister Shahid Khaqan Abbasi has inaugurated the first unit of a key hydropower mega project built with the financial and technical support of China in Pakistan-occupied Kashmir. The 969- MW Neelum Jehlum Hydropower Project near Muzaffarabad was announced more than 12 years ago.

BANKING & FINANCE

Cashbacks launched on BHIM for users, merchants

Merchants who accept payments through BHIM or other apps using the Unified Payments Interface (UPI) will be entitled to a maximum cashback of Rs 1,000 per month.

The scheme for customers entails an initial cashback of Rs 51 on successful completion of their first transaction. (Minimum transaction Re. 1). Subsequently, customers can get cashbacks of up to Rs 750 per month. Each unique transaction worth Rs 100 and above will yield a cashback of Rs 25, subject to a total monthly cap of Rs 500 in cashbacks. In addition, there will be cashbacks based on the volume of monthly transactions carried out by a user. There will be a cashback of Rs 100 for users who complete between 25 and 50 transactions a month, a cashback of Rs 200 for 50 and 100 transactions, and cashback of Rs 250 for a higher monthly volume.
 
Merchants who accept payments through BHIM or other apps using the Unified Payments Interface (UPI) will be entitled to a maximum cashback of Rs 1,000 per month. They will receive a cashback worth 10% of the value of each transaction, subject to a cap of Rs 50 per transaction.

BUSINESS

Certificate of regn. is proof of PAN, TAN

The Income Tax department on Saturday said the certificate of incorporation (COI) issued by the Corporate Affairs Ministry would be considered sufficient proof of PAN or TAN for corporates.

The Finance Act, 2018 amended section 139A of the Income Tax Act, 1961 and removed the requirement of issuing PAN in the form of a laminated card.