Current Affairs 2018

Yes Bank Slapped With Rs 38 Crore In GST Fines

Midsized private sector lender Yes Bank has paid Rs 38 crore in fines to the GST department for alleged violations in domestic remittances. Over Rs. 32 crore has been paid to the GST department, while Rs 6 crore has been paid in service tax which has been replaced by GST.
The issue relates to remittances by migrants from urban pockets to their homes in rural areas. The tax department feels the bank has violated norms and underpaid the tax, while the bank feels the opposite.

IRDAI Raised Minimum Driver Insurance Cover To INR 15 Lakh

Insurance regulator IRDAI has raised the minimum insurance cover for owner-driver to Rs. 15 lakh for a premium of Rs. 750 per annum, a move to provide some succour to road accident victims.
Currently, the capital sum insured (CSI) under this section for motorised two-wheelers and private cars/commercial vehicles is Rs. 1 lakh and Rs. 2 lakh, respectively. The owner-drivers also have the option of a cover over and above Rs. 15 lakh on payment of additional premium.

‘Village Rockstars’ Is India’s Official Entry To Oscars 2019

Rima Das’ National Award-winning feature Village Rockstars has been chosen to represent India in the Best Foreign Language category at the 91st Academy Awards next year, the Film Federation of India (FFI) announced.
The announcement was made by SV Rajendra Singh Babu, Chairman, Selection Committee for Oscar Award, FFI. The film had its world premiere at the 2017 Toronto International Film Festival (TIFF) and has toured more than 70 prestigious international and national film festivals.

India to Host The Women’s Boxing World C'ships

The Women’s Boxing World Championships, to be hosted by India after more than a decade, will be held from November 15-24, 2018, in New Delhi. The teams will have to be in the national capital by November 13, with the competition starting two days later.
The marquee tournament was last held in India in 2006 and remains the best for the country in terms of performance. India had topped the medal tally with four gold, three silver and one bronze medal.