1. Indian government exempted from Integrated Goods and Services Tax (IGST) from October 1, 2023
From October 1, 2023, the Indian government would refund 5% of Maritime Goods and Services Tax (IGST) payments. As a result, IGST will no longer be required to be paid on the price of imported plastic goods. This reduction is anticipated to lower Joseph’s cost of revenue and increase participation in the international market for India. Also anticipated in these nations is the promotion of trade and investment.
Recent labels have clarified the taxation of sea freight in C template (cost insured freight) contracts, which is another significant advancement in Japanese studios. The long-standing problem of gang taxation is highlighted by these amendments, and they also clarify the process for entering CIP contracts involving the Maritime Goods and Services Tax (AIGST). This book explains the background, legal legend, Supreme Court decisions and recent amendments that have ended the controversy surrounding the taxation of the value of sea freight.
2. Argentina’s Congress has approved a bill that would abolish income tax.
A bill to remove the income tax has been passed by the Congress of Argentina. The Senate, which is likewise under Peronist control, is now anticipated to pass the law. No matter their level of income, all Argentines would not pay income tax under the proposed legislation. Taxes on dividends and capital gains would also be eliminated. The administration claims that the bill will contribute to accelerating economic expansion and employment creation.
3. San Diego recently shut down two popular beaches, Why?
Point La Jolla and Boomer Beach were recently closed by San Diego in order to safeguard the area’s sea lion population. The city is concerned about the rising number of people who are bothering and harming the sea lions, who live in vast colonies on the beaches.
4. World Habitat Day- 01-10-2023
World Habitat Day is observed on the first Monday of October each year. It is a day to reflect on the state of our habitats and to emphasize the fundamental right of every individual to have access to adequate shelter. This year, World Habitat Day is being celebrated under the theme “Resilient Urban Economies: Cities as Drivers of Growth and Recovery.” This theme highlights the importance of cities in driving economic growth and recovery, and the need to make cities more resilient to shocks and challenges.
5. Sankalp Saptaah
Sankalp Saptaah is a week-long initiative launched by the Prime Minister of India (on 30th September 2023 at Bharat Mandapam in New Delhi) to improve governance at the block level. The program aims to bring about positive change in the lives of people living in aspirational blocks.
6. The ADB’s capital reforms will unlock $100 billion in funding for Asia and the Pacific
The ADB’s capital reforms will unlock $100 billion in funding for Asia and the Pacific over the next decade. This funding will be used to support the region’s development efforts, including addressing climate change and other challenges.
7. Inflation rate in the Eurozone in September
The inflation rate in the Eurozone fell to 4.3% in September, from 5.2% in August. This is the lowest level of inflation in the Eurozone since October 2021. The ECB is expected to continue raising interest rates to bring inflation back to its target level of 2%.
8. 2023 World Badminton Championships, An Se-young of South Korea won the gold medal
At the 2023 World Badminton Championships, An Se-young of South Korea won the gold medal in the women’s singles competition after defeating Carolina Marn of Spain in the championship match, 21-12, 21-10. The first woman from South Korea to win the world singles title was An Se-young, who is 21 years old. She played a strong competition, winning all of her games in a row, including victory over Chen Yufei, the Olympic champion, and Akane Yamaguchi, the two-time world champion.
9. The International Day of Older Persons- 01-10-2023
The International Day of Older Persons is celebrated on October 1st every year. It is a day to recognize the contributions of older persons and to examine issues that affect their lives. The theme for the International Day of Older Persons in 2023 is “Resilience of Older Persons in a Changing World.” This theme highlights the resilience of older persons in the face of challenges such as climate change, pandemics, and conflict.
10. largest and oldest European church Declare in India
St. Francis Church in Kerala is the largest and oldest European church in India. It was built in 1524 by the Portuguese and is located in the town of Fort Kochi. The church is a UNESCO World Heritage Site and is known for its beautiful architecture and historical significance.
11. G. Kishan Reddy, launched India’s first 5G Training Labs and 5G health applications
G. Kishan Reddy, the Minister of Development of North East Region (DoNER), Tourism, and Culture, launched India’s first 5G Training Labs and 5G health applications in all eight North Eastern States on October 1, 2023.
12. International Day of Non-Violence celebrated
Every year on October 2, which is also Mahatma Gandhi’s birthday, people around the world observe the International Day of Nonviolence. On this day, it is appropriate to spread the nonviolent message, particularly through education and public awareness campaigns, and to reiterate the need for a society that values peace, tolerance, understanding, and nonviolence. The International Day of Non-Violence does not have a set topic for 2023, in contrast to certain other commemorations.
13. The Thar Desert is the largest in India
The Thar Desert is the largest in India and covers an area of over 77,000 square miles.
14. new deadline to deposit or exchange ₹2,000 notes.
The RBI has extended the deadline to deposit or exchange ₹2,000 notes till October 7, 2023. The deadline was earlier set to expire on September 30.