Daily GK Update: 28th November, 2016 For All The Upcoming Exams

E-commerce firms like Flipkart and Snapdeal to deduct TCS under GST
i. As per the new GST law, E-commerce giants Flipkart and Snapdeal will have to deduct 2% TCS(Tax Collected at Source) while making payments to their suppliers and deposited TCS amount with the governmentE-commerce firms like Flipkart and Snapdeal to deduct TCS under GST.
ii. The new model GST law provides for 1 per cent TCS and 1 per cent tax levied on inter-state movement of goods. It will not apply to aggregators like Ola,Uber etc.

Pakistan Appoints Gen. Qamar Javed Bajwa as Army Chief of Staff
i. Lt. Gen Qamar Bajwa has been appointed as the chief of Pakistan Army by the Prime Minister Nawaz Sharif. He will replace Gen Raheel Sharif who will retire on November 29, 2016.
ii. Lt Gen Zubair Hayat also appointed as the next chairman of the joint chiefs of staff committee.
iii. Bajwa is currently serving at the GHQ as Inspector General of Training and Evaluation.He headed the Pakistan Army’s largest formation Rawalpindi-based X Corps which is responsible for LoC operations.He has served in Congo with the United Nations.

Insolvency and Bankruptcy Board sets up two advisory panels

i. The Insolvency and Bankruptcy Board of India (IBBI) has sets up 2 high-level committees under the Insolvency and Bankruptcy Code to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner.
ii. The Advisory committee on service providers consists of 9 members, the panel is lead by educationist Mohandas Pai.
iii. Corporate insolvency and liquidation panel is chaired by noted banker Uday Kotak. 
iv. Other members of the committee includes BSE CEO Ashishkumar Chauhan, Credit Information Bureau Chairman M V Nair and Corporate and Economic Research Group Advisory’s Chairperson Omkar Goswami.

UNESCO Salon Competition: Toonz wins award for 'Magical Piano'
i. 'Magical Piano', a short film by the Toonz Media Group has won an award at the prestigious UNESCO Salon Youth Video Competition 2016.

ii. Dr Avaneesh, Head of Development, Toonz Media Group received the award from Salon Films Chairman Fred Wang and UNESCO chief of Public Relations and Partnerships, Armelle  Arrou.  ‘Magical Piano’ is the story of a child who receives a magical piano for his birthday. The story was written by Mayul Verma from Agra, India.

Delhi has overtaken Mumbai to become India's economic capital: Oxford Economics study
i. According to data released by Oxford Economics, Mumbai is at number 31 among 50 top metropolitan economic entities globally in 2015, while Delhi is at 30.
ii. The Delhi extended urban agglomeration (EUA) had a Gross domestic product (GDP) at  Purchasing Power Parity (PPP) of $370 billion.
iii. Mumbai EUA had a GDP of $368 billion

PM Modi flag off state-of- the art Hamsafar train from Kushinagar, UP
i. PM Narendra Modi flagged off the Humsafar train between Gorakhpur and Delhi`s Anand Vihar terminus from Kushinagar in Uttar Pradesh.
ii. This train will run between this two station thrice in a week. 
iii. Humsafar train will have several new features, including LED screen display, vending machines for tea, coffee and milk, hot, refrigerated pantry and ports for charging electronic devices such as mobiles and laptops.

Now, Railways, IRCTC include transgender as the third gender
i. Indian Railways and IRCTC have included "transgender as the third gender" in the option alongside male and female in ticket reservation and cancellation forms.
ii. The Delhi-based lawyer had made the representation after the Delhi high court in February had asked him to approach the Railway Ministry while disposing of his petition.
iii. The Railway ministry notifies that hijras, eunuchs, apart from binary gender to be treated as the third gender for the purpose of safeguarding their rights under Part III of our Constitution and the laws made by the parliament and the State Legislature.

IAS officer wins gold in Para-Badminton Championships
i. Uttar Pradesh-based IAS officer Suhas LY won the Asian Para-Badminton Championships in Beijing after defeating Indonesia's Harry Susanto 21-4, 21-11 in the final. 
ii. Suhas, who is currently posted as the Azamgarh district magistrate, was a wildcard entry to the tournament and had won six consecutive matches to reach the final.

PM Modi launches Indian Police app that helps you locate nearest police stations
i. An app launched by Prime Minister Narendra Modi on 27th November helps the citizen locate the nearest police stations wherever he or she is Not just that, the Indian Police app provides the names of the police stations, the telephone numbers, the distance from the place where you are and how much time it will take to reach whichever police station one wants to go to.
ii. The app also prompts one to call any of the numbers listed with the 'Tap to call' facility.

Ola teams up with SBI, PNB for setting up mobile ATMs
i. Indian online transportation network company Ola cabs has tied up with lenders like State Bank of India (SBI) and Punjab National Bank (PNB) to set up mobile ATM in the cab to help people withdraw cash easily.
ii. Ola will first introduce the service on the test basis in its cabin Kolkata and Hyderabad where the taxis with POS machine and a bank officer will be parked at different locations and an amount of Rs. 2,000 can be withdrawn per card.
iii. In Kolkata, Ola has partnered with Punjab National Bank (PNB), while in Hyderabad, it has collaborated with SBI and Andhra Bank.
v. The already running experimental service is started for a week and will continue till.

Amitabh Bachchan Starrer Pink To Be Screened at UN Headquarters on Special Invitation
i. Pink, the Amitabh Bachchan starrer Bollywood film, has been invited by the Assistant Secretary-General of the United Nations for a special screening at its headquarters in New York, USA.
ii. Directed by Aniruddha Roy Chowdhury and written by Ritesh Shah, the film- a modern Indian courtroom drama- highlights the issue of gender violence. It is by far being considered as one of the best works by the all-time Bollywood superstar- Amitabh Bachchan and one of the most successful releases of 2016.

Marathi litterateur Anand Yadav passes away
i. Noted Marathi author and Sahitya akademi awardee Anand Yadav died in Pune on 27 November. 
ii. He was 80.
iii. His autobiography 'Zombi' had won Sahitya Akadmi award in 1991.
iv. During his illustrious career, Yadav had faced a major controversy over his book 'Santsurya Tukaram', wrote on Sant Tukaram, a saint-poet from 17th century.

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