National News
1. Chief of the Indian Air Force: RK Singh Bhadauria became the head of Air Force, BS Dhanoa:-
Chief Marshal Rakesh Kumar Bhadauria took charge of the post of Chief of the Indian Air Force Indian Air Force on Monday. He has been selected in place of BS Dhanoa, who retired today from this post. Prior to retirement Dhanoa went to the National War Memorial and paid tribute.
Air Marshal Bhadoria was also due to retire on 30 September. But now that he has been appointed to the post of Air Force Chief, it is believed that he will remain in this post for the next two years.
Joined the Air Force in June 1980
Explain that the Central Government has elected Air Marshal RKS Bhadauria as the next Air Force Chief. He received a commission in the fighter stream of the IAF in June 1980, after which he has held various key positions in the Air Force.
Have done the trial of Rafael fighter plane
Air Marshal Rakesh Kumar Singh Bhadauria flew in a Rafale fighter jet in France on July 12 as a trial and also examined the aircraft. After this, he had said that Rafael is very important for the army of the country.
Has handled many important responsibilities
Bhadoria has served as commander of Jaguar Squadron on the south-western front of the country. He has also served as the Commanding Officer of Flight Test Squadron and System Testing Establishment. He has been the Chief Test Pilot and Project Director of the Tejas LCA Project at the National Flight Test Center.
Have received many honors
Bhadoria, who has been awarded several medals, was awarded the Ati Vishisht Seva Medal in January 2013. He was earlier awarded the Air Force Medal in January 2002. In January 2018, he was awarded the Param Vishisht Seva Medal.
2.DRDO successfully test-fired BrahMos supersonic cruise missile:-
The Defense Research and Development Organization (DRDO) on Monday successfully test-fired a ground-hit BrahMos supersonic cruise missile off the Odisha coast. Explain that this 8.4 meter long and 0.6 meter wide missile is capable of carrying explosives up to 300 kg weight. The missile weighs three thousand kilograms and is capable of hitting up to 350 kilometers. It also kills at 2.8 times faster than the speed of voice.
3.These new rules will be implemented in the entire country from tomorrow, know how your pocket will be directly affected …
Many rules are going to change across the country from Tuesday, October 01. Changing them will have a direct impact on the economy of the country as well as your pocket. While there will be relief in some areas, the burden on the common man’s pocket will increase. Let us know about the changes that are directly related to you.
- Cashback will not be available on petrol and diesel
You will no longer get cashback on the purchase of petrol and diesel with the credit card of State Bank of India (ACBI), the country’s largest government bank. SBI is informing its customers about this facility, which has been shutting down since first October, through messages. Till now, customers used to get a cashback benefit of up to 0.75% on the purchase of petrol and diesel with SBI’s credit card. It is said that HPCL, BPCL and IOC suggested to withdraw the cashback scheme after which this step has been taken.
- SBI benefits you from this change
State Bank of India (SBI) is going to reduce the penalty by 80 percent for not maintaining the monthly average balance fixed from October 01. This will directly affect you. If you live in Metro City and are an SBI account holder, then the monthly average balance (AMB) limit in your account will have to be maintained at Rs 3,000. These rules will also apply to SBI bank branches in urban areas. If the balance is less than 75% of the stipulated amount in the account, then Rs 80 plus GST will have to be paid as penalty. Those holding 50 to 75 percent balance in the account will have to pay Rs 12 and GST. If the balance is less than 50 percent, a penalty of Rs 10 plus GST will have to be paid.
- Driving License and RC will change
The new Motor Vehicle Act has come into force in the country from September 1, 2019, after which radical changes are being observed in the traffic rules. But now your driving license (DL) is also going to change. The government is changing the rules related to Driving License and RC. These rules will come into effect from October 01, 2019. After these rules are implemented, all people will have to change their DL. As per the new rules, DL and RC registration certificates will now be of the same color. Not only this, but the driving license and RC will have QR codes in addition to Microchip.
- GST rate will be reduced
In the 37th meeting of GST Council held in Goa on 20 September, tax has been reduced on many items. These rules will come into effect from 01 October 2019. As per the new changes, now hotels up to 1000 rupees will not be taxed. Not only this, only 12% GST will have to be paid on the rent of a room with tariff up to Rs 7500. Small vehicle owners have been given relief and the cess has been reduced from petrol and diesel vehicles from 10 to 13 seats. Also, the GST on slide fasteners (ZIP) has been increased to 12 per cent.
- A new method of GST return will be implemented
According to the decision of the GST Council, the GST return form will be changed from tomorrow for traders with turnover above five crore annually. These traders will have to fill the GAT ANX-1 form which will replace GSTR-1, it will be mandatory. Small businessmen will have to file GST returns through this form but for them it will be mandatory from January 01, 2020. Currently, the major taxpayers will fill the GST returns for October and November through the GSTR 3B form.
- Big decision in the interest of employees, pension policy will change
The central government is also going to change the pension policy of employees from 01 October. Under the new rule, if an employee dies after completing seven years of his job, his dependents will get the benefit of increased pension. Till now, in such a situation, pension was given as 50% of the last salary. The Central Government has also issued a notification to implement the new rule. This decision of the government is being considered as a big step in the interest of the employees.
- Corporate tax cuts
On September 20, Union Finance Minister Nirmala Sitharaman announced a major reduction in corporate tax, reducing it from 30 percent to 22 percent. According to the announcement, after October 01, 2019, manufacturing companies will have the option to pay 15% tax. After this, the total charge including surcharge and tax on companies will be 17.01 percent. Earlier Indian companies had to pay surcharge in addition to 30% tax. Foreign companies had to pay 40 percent tax. It is believed that this move of the government will accelerate the business and will help in recovering from the economic slowdown.
International News
4.China National Day 2019: 70th National Day is important for China, know what is history?
Like every year, this time China is going to celebrate its 70th National Day on October 1. But this year’s National Day is very important for President Xi Jinping because with the establishment of the People’s Republic of China on October 1, 1949, seventy years of Communist Party rule in the country will be completed. The Communist Party of China is the second-longest ruling party in history, nearly a year short of its neighbor North Korea. Only this time, in the event of National Day, China is ready to show every dimension of its strength.
What is history?
The then leader of the Communist Party, Maotse Tung (Mao), founded the People’s Republic of China on October 1, 1949 after a four-year civil war with the Nationalist Party or the Kuomintang following the end of the Japanese occupation during World War II. In 1911, the two sides had been fighting for decades to fill the power left after the Chinese Revolution that ended the Ching dynasty. After the communist government came to China in 1949, the US closed its diplomatic relations with Beijing for decades. The Nationalist Party and 1.5 million refugees fled to the island of Taiwan, where they established a rival government.
Impregnable weapon display
With around 15,000 personnel, more than 160 aircraft and a variety of 580 weapons and equipment, China can showcase some of the world’s most advanced weapons during military parades. Of these, DF-41 missile, JL-2 submarine launch ballistic missile (SLBM), DL-17 missile, H-6N bomber aircraft, DR-8 drone, Sharp Sword drone and drone submarine are the main ones.
Tight security
Any flying objects such as balloons, lanterns, kites and drones are banned in view of security. In view of the violent demonstrations, Hong Kong authorities have also banned fireworks celebrations in the city every year, citing security concerns. It is also important that one of the reasons for celebrating this ceremony with grandeur is that after facing challenges like the slowest annual economic growth since 1990, trade war with America and the demonstration of Democracy in Hong Kong. China also wants to send a message to the world that its hank in South Asia is still intact.
Historical events
The ceremony is being held at Thienanaman Square in Beijing. The events will begin with the first military parade. Thousands of spectators are expected to witness this military parade lasting 80 minutes. President Xi will take the army salute included in the Chinfing parade. This will be followed by March Past, which will include joint military music bands. During this time seventy thousand white pigeons and seventy thousand colored balloons will be released. In the evening, people will enjoy fireworks.
Business News
5.Credit Cards Loans: If you are taking a loan in lieu of a credit card then these things should be known:-
Many times we are unable to meet our needs despite having money. In such a situation, people often take loans from the bank. But, apart from this you also have the option to take a loan. Most banks provide loans against credit cards to customers. But the interest charged on this is slightly different. Actually, the loan in lieu of a credit card is similar to a personal loan. It has fixed rate of interest with fixed duration. The loan taken by you cannot be more than your card limit. However, the interest rate on this is lower than the current rate charged on credit card transactions.
A person taking a loan in lieu of a credit card can enjoy a variety of benefits that are not available in other credit facilities, such as instant transfer of credit, a lower interest rate. Banks and other financial institutions prefer to give loans against credit cards, but for this it is necessary to have a good credit history, besides how the history of your repayment is also important. To get a loan against a credit card, what is most important is how is your transaction with a credit card, you use less credit and pay it on time.
Banks send the loan amount in lieu of credit card to your savings account, however, in case the customer does not have a savings account, the money is sent through NEFT or demand draft. It takes 7 days to send the loaned amount to the account holder. However, it can be sent anytime within 7 days. Whereas if it is sent through demand draft, it may take up to two weeks.
Banks provide some information about customers before lending. For example, name, address, date of birth, type of credit card, when the loan request was made. However, inquiries from banks may vary from bank to bank.
