TAMILNADU

Tamil Nadu second in GST evasion frauds in the country

It is not any coincidence that GST enforcement wings in and around Chennai have stepped up fraud detection. Data tabled in Lok Sabha by the Union ministry of finance shows that Tamil Nadu has the second highest GST evasion from 2017-18 to 2020-21.

Totally, 27,000 such cases were found across the country in these three years. Tamil Nadu accounted for 3,220 cases, second to Delhi which has 3,295 cases.
The most common modus operandi according to the department is setting up of fake companies, creating fake invoices and collecting illegal input tax credit to the tune of several crores.

Input tax is a rebate claimed by a registered dealer. For instance, if a manufacturer has paid Rs 500 as GST for purchase of raw materials and has to pay a tax of Rs 750 on the finished product, then she needs to pay only Rs 250 as taxes with Rs 500 being availed as an input tax credit rebate.

The ministry has created a directorate general of analytics and risk management to help with advance analytics and innovative technology utilising various data sources for a focussed and targeted action by the enforcement wings.

INTERNATIONAL

Global Ayurveda Festival from 12th 19th March

The Prime Minister delivered a speech at the 4th Global Ayurveda Festival. The 4th Global Ayurveda Festival (GAF 2021) aims to discuss and develop Ayurveda on a global scale. About Global Ayurveda Festival:

The 4th Global Ayurveda Festival (GAF 2021) aims to discuss and develop Ayurveda on a global scale. This is a virtual gathering that will be held in March 12 – 19, 2021.

The event demonstrated that Ayurveda, as a global treatment programe, will become a meeting place for people all over the world who are working hard to achieve this goal.

The festival was originally scheduled to be held in Angamaly, Kerala in May 2020, but it was postponed due to the pandemic.

Led by the Ayurveda Medical Association of India (AMAI) Centre for Innovation in Science and Social Action (CISSA), the Ayurveda Hospital Management Association organized the conference in collaboration with 14 organizations.

The Federation of Indian Chambers of Commerce and Industry is a festival and industry partner.

The conference (including many seminars) will focus on the relevance of Ayurveda in the post-COVID world and the potential of Ayurveda in enhancing immunity.

The exhibition will be held online and there will be booths of Ayurvedic companies from all over the world.

NATIONAL

Sahitya Akademi Awards Was Announced on 12th March

The National Academy of Letters announced the name of the “2020 Sahitaya Akademi Award” on March 12, 2021. These names were announced during the opening of the annual “Literature Festival” event. Highlights:

The award will be awarded to politician writer M Veerappa Moily, poet Arundhathi Subramaniam and 20 other writers. Subramaniam’s collection of poems “When God is a Traveler” won the grand prize in English. Veerappa Moily was named Kannada for his epic poems, named “Sri Bahubali Ahimsa Digvijayam”. This list includes seven poems, five short stories, four novels, two plays, one memoir, and one epic, including 20 Indian languages.

The awards for Nepali, Malayalam, Odiya and Rajasthani languages will be announced later.

In the “Poetry Category”, the award was organized by Harish Menaksi (Gujarati), RS Bhaskar (Konkani), Anamika (Hindi), Irungbam Deven (Manipuri), Nikhileshwar (Thailand). Lugu) and Rupchand Hansda (Santali) awarded.

In the “novelty category”, Imaiyam (Tamil), Nanda Khare (Marathi), Mahesh Chandra Sharma Gautam (Sanskrit) and Sri Hussain-ul-Haque were named the winners. Apurba Kumar Saikia (Assamese), Hiday Koul Bharti (Kashmiri), Dharanidhar Owari (Bodo), Gurdev Singh Rupana (Punjabi) and Kamakant Jha (Maithili) won the short story award.

Selection Procedure: These books were selected based on the recommendations of a three-member jury in the relevant language. They made the final decision based on the procedures established for this purpose. According to the resolution, the Executive Board will announce the award based on the unanimous selection of the jurors or the selection of the majority vote.

The Sahitya Akademi Award is a literary honor in our country India. It was awarded by Sahitya Akademi, the National Writing Institute of India. The award is given to the most outstanding literary achievement books, which are published in any of the 24 major Indian languages, including Hindi, English and the other 22 languages of the Eighth Schedule to the Constitution. The award includes a casket, which consists of an engraved bronze plaque and a shawl, in the amount of 1,00,000 rupees.

First Virtual Trade Fair by APEDA

The Agricultural and Processed Food Export Development Agency (APEDA) launched its first virtual trade fair on March 10, 2021, and the fair will end on March 12, 2021. Highlights:

The trade fair is held to promote the export of agricultural products and processed foods. Due to restrictions related to COVID-19, APEDA proposed the concept of virtual trade fairs. It was established to maintain India’s agricultural and processed food exports.

The theme of the exhibition is “Indian Rice and Agricultural Products”. This expo will focus on showing the export potential of several agricultural products.

Importers and exporters will participate in virtual fairs. These potential buyers or importers and visitors will have the opportunity to explore a wide range of food products. These products will be displayed by exporters through virtual fairs.

The virtual trade fair will showcase several major products such as basmati rice, non-basmati rice, wheat, corn, millet, whole grains and peanuts. Up to now, 135 exhibitors have registered.

Agricultural and Processed Food Export Development Agency (APEDA): It is an active organization for Apex export trade promotion. It was established by the Ministry of Commerce and Industry under the “Agricultural and Processed Food Export Development Agency”. It was set by a parliamentary bill passed in December 1985. This agency entered into force on February 13, 1986.

Launch of Mera Ration Mobile App

Launched the Mera Ration mobile application. Ration card holders can use the app to identify the nearest fair price store About Mera Ration mobile app: Ration card holders can use the app to identify the nearest fair price store, view their rights and details of recent transactions. This is particularly advantageous for cardholders to move to a new living area.

Immigration beneficiaries can register their migration details through the mobile app. They can register before starting the journey, and the system will automatically allocate eligible food grains.

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12.03.21 Daily TNPSC Current Affairs.