Union Government launched Credit Enhancement Guarantee Scheme for Scheduled Castes
- A sum of 200 crore rupees was allocated towards Credit Enhancement Guarantee scheme for young and start-up entrepreneurs belonging to Scheduled Castes (SC) to avail financial assistance.
India Moves Up on Global Travel, Tourism List to 52nd Place
- The list has been topped by Spain, which is followed by France, Germany, US, UK, Switzerland, Australia, Italy, Japan and Canada in the top ten.
NASA successfully flight tested Ten-Engine Electric Plane GL-10 Prototype.
- It will be an Unmanned Aerial Vehicle (UAV) and could be used for small package delivery, mapping, long endurance surveillance for agriculture and for many other tasks.
Goa Chief Minister Laxmikant Parsekar launched Beti Bachao Beti Padhao scheme in Goa.
Lok Sabha passed the Goods and Services Tax Bill, 2014
Main Highlights of the Bill
- It provides for constitution of a Goods and Services Tax (GST) Council by inserting Article 279A in the Constitution.
- The Council will recommend to the Union and States on the inclusion and exclusion of goods and services.
- It proposes an additional tax on supply of goods, not exceeding one percent, in the course of inter-State trade will be levied and collected by the Union for a period of two years and apportioned to the States.
- The net proceeds of additional tax on supply of goods, except the proceeds from Union Territories, will not form the part of Consolidated Fund of India.
- It provides for the compensation to the States for loss of revenue arising on account of implementation of GST for a period of five years.
- It subsumes all the Central indirect taxes, levies and Central Sales Tax and State Value Added Tax and Sales Tax.
- It covers all goods and services except alcoholic liquor for human consumption for the levy of GST.
Bollywood actor Salman Khan sentenced to five-years in jail in 2002 hit-n-run case
India's Per Capita Retirement and Pension Assets Lowest in the World.
'Akash' air missile inducted into Indian Army arsenal
- It is a surface-to-air short range defence system that operates up to a maximum range of 25 kilometres
PM Narendra Modi joined Chinese social media platform Weibo.
- Weibo is referred to as Twitter of China.
Microsoft launches Edu-Cloud for digital education.
England batsman Jonathan Trott Announces Retirement From International Cricket
World Asthma Day 2015 observed on 5th May.
- The theme is "You Can Control Your Asthma"
Michael Blake, Oscar-winning author of "Dances With Wolves"passed away
Baleshwar Ram the former Union Minister passed away.
Asia's Largest Coal Mine Inagurated in Jharkhand
World Press Freedom day observed globally on 3rd May.
- The theme is "Let Journalism Thrive!"
Railways won the 5th Hockey India Senior Women National Championship 2015
Cisco names Chuck Robbins new CEO to replace John Chambers
- John Chambers replaced by Chuck Robbins as its next chief executive.
Mazen Darwish honoured with 2015 UNESCO/Guillermo Cano World Press Freedom Prize
Chelsea won Barclays Premier League 2014-15.
