Daily Current Affairs and GK | 1, 2, 3 and 4 November 2024

Topic: Indian Economy

1. NSE added 3 crore client accounts in only eight months and reached 20 crore client accounts.

• The National Stock Exchange of India (NSE) has surpassed 20 crore total client accounts.
• Maharashtra (3.6 crore accounts) leads the state-wise distribution.
• Maharashtra is followed by Uttar Pradesh with 2.2 crore and Gujarat with 1.8 crore.
• Rajasthan and West Bengal have nearly 1.2 crore accounts each.
• These top five states account about 50% of all client accounts.
• NSE’s registered investor base crossed the ten crore milestone on 8 August 2024.
• The growth in NSE accounts is attributable to digital transformation, mobile trading applications, and improved market access in tier 2, 3, and 4 cities.
• In 1994, NSE pioneered electronic trading in India. NSE maintains its position as India’s largest stock exchange by equity turnover.
• It ranks as the world’s largest derivative exchange by trading volume for 2023 as per the Futures Industry Association.
• It holds the 3rd position globally in equity segment by number of trades, according to World Federation of Exchanges statistics.

Topic: National News

2. Civil Registration System (CRS) mobile application has been launched by Union Home Minister Amit Shah.

• He said this application will make birth and death registration seamless and hassle-free.
• This will allow citizens to register at any time, from any place, and in their State’s official language.
• According to The Registration of Births and Deaths (Amendment) Act, 2023, all reported births and deaths in the country occurring from October 1, 2023 are to be digitally registered through the Centre’s portal.
• At the capital's Census Building, he also unveiled a statue of Sardar Vallabhbhai Patel.
• For a variety of services, the digital birth certificates will serve as a single document proving the date of birth.
• These services include marriage registration, government employment, and entrance to educational institutions.
• Additionally, the centralized database would assist in updating the electoral rolls, ration cards, property registration, and National Population Register (NPR).

Topic: Sports

3. Mansi Ahlawat won the bronze medal at the Senior World Wrestling Championships.

• India’s Mansi Ahlawat won the bronze medal in the women’s 59 kg category at the Senior World Championships in Tirana, Albania.
• She defeated Laurence Beauregard of Canada with 5-0.
• Risako Kinjo of Japan won the gold, and Tserenchimed Sukhee of Mongolia clinched the silver.
• Elena Heike Brugger of Germany shared the Bronze with Mansi.
• In the Men’s Freestyle 92 kg category, India’s Sandeep S Mann will take on Batyrbek Tsakulov of Slovakia in the Repechage round.
• Bipasha lost to Anastasiya Alpyeyeva of Ukraine in the 72 kg qualification round.

Topic: State News/ Uttar Pradesh

4. Uttar Pradesh’s Authority for Advance Ruling (UPAAR) has ruled pre-paid vouchers are taxable at 18%.

• UPAAR has ruled prepaid vouchers constitute supply of goods.
• UPAAR has ruled that pre-paid vouchers are treated at par with Sodexo vouchers or gift vouchers issued by Kalyan Jewellers.
• Accordingly, they will attract GST at the rate of 18%.
• Supply of vouchers by the applicant is taxable at 9% CGST and 9% UPGST.
• UPAAR said that the supply of vouchers by the applicant are taxable as a supply of goods.
• The applicant was Noida-based Payline Technologies. It was involved in the business of selling and purchasing gift cards, vouchers or pre-paid vouchers.
• Pre-paid vouchers ae vouchers against which goods or services can be purchased from specific brands on e-commerce platforms like Amazon, Flipkart, etc.
• The applicant purchases the vouchers against the advance payments at discounted prices.
• They are then supplied to clients. The clients can hand over them to anyone.