Daily GK Digest – March 04-06, 2017 for top current affairs of today.
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Daily GK Digest
Here is the daily GK Digest for March 04-06, 2017.
Daily GK Digest : Top Five Current Affairs.
Iconic naval aircraft career INS Viraat to be decommissioned
- INS Viraat, the second aircraft carrier in the Indian naval fleet, will be decommissioned on Monday at the sunset.
- The centaur class aircraft carrier has spent 30 years in the Indian Navy and before that, 27 years in the Royal Navy of UK.
- Earlier known as HMS Hermes, the ship was in the Royal Navy from 1959. In the late 80s, Indian Navy purchased it and was re-commissioned in 1987.
- INS Viraat sailed under her own power for the last time from Mumbai to Kochi in July 2016. In October 2016, she was towed out of Kochi and returned to Mumbai. It is the longest serving ship in the history.
GST Council approves the CGST Bill and IGST Bill
- The Goods and Services Tax (GST) Council, in its meeting held on Saturday in Vigyan Bhawan, New Delhi under the Chairmanship of the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley has approved the draft CGST Bill and the draft IGST Bill as vetted by the Union Law Ministry.
- This clears the deck for the Central Government to take these two Bills to the Parliament for their passage in the ongoing Budget Session.
- The UT-GST and SGST laws will be approved in the next GST Council meeting. It already has approved compensation bill.
Largest Flag Inaugurated On India’s Tallest Post At Attari Border
- A 360-foot high (110 metres) flag post, said to be the country’s tallest, was inaugurated on Sunday at the Indo-Pak Attari Border, just a stone’s throw from Pakistan.
- Punjab Minister Anil Joshi inaugurated the country’s largest flag on the tallest flag post – measuring 110 metres in length, 24 metres in width and 55 tons in weight.
- Built at an approximate cost of Rs. 3.50 crore, the post was a project of the Amritsar Improvement Trust Authority of the Punjab Government.
- Amritsar city already has a 170-foot tall flag in the local Ranjit Avenue Public Park.
North Korea fires ballistic missiles into ocean
- North Korea fired “several” banned ballistic missiles that flew about 1,000 kilometers (620 miles) into waters off its east coast, South Korea’s military said.
- Seoul and Washington call their military drills on the Korean Peninsula, which remains in a technical state of war because the 1950-53 Korean War ended with an armistice and not a peace treaty, defensive and routine.
- North Korea test-launched a new intermediate-range missile in February and conducted two nuclear tests last year.
- There has also been widespread worry that the North will conduct an ICBM test that, when perfected, could in theory reach US shores.
China cuts GDP target to 25 years low of 6.5%
- Chinese premier Li Keqiang has slashed China’s GDP target to a 25-year low and omitted customary mention of defence allocation as the Parliament started annual meet hailing ‘core leader’ status of President Xi Jinping.
- Li, the second-ranked member of the Politburo Standing Committee of the ruling Communist Party of China, in a 42-pagework report to the National People’s Congress, set GDP growth target at around 6.5 per cent for this year, down from last year’s 6.7 per cent, indicating the continuation of slowdown.
- This closely-watched target is a 25-year low, down from last year’s actual growth of 6.7 per cent.
- The previous low was a six per cent target for gross national product growth in 1992, a report by state-run Xinhua news agency said.