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Top 5 Current Affairs: 25 February 2019

The Goods and Services Tax (GST) Council met on February 24, 2019 for its 33rd meeting and slashed GST rate on under-construction residential properties and the affordable housing projects.

Feb 25, 2019 17:40 IST
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GST Council reduces GST Rate on Real Estate projects

The Goods and Services Tax (GST) Council met on February 24, 2019 for its 33rd meeting and slashed GST rate on under-construction residential properties and the affordable housing projects.

In case of non-affordable houses, the GST rate for under-construction flats and houses has been brought to 5 percent without Input Tax Credit (ITC), down from the present 12 percent. In case of affordable houses, the GST rate has been reduced to 1 percent without ITC from 8 percent.

Oscars 2019: ‘Bohemian Rhapsody’ wins most Oscars

The 91st Academy Awards, popularly known as Oscar Awards, were conferred on February 24, 2019 (February 25 as per Indian time). 'Bohemian Rhapsody', nominated for five Oscars, won the most Oscars at the award show.

The ‘Period. End Of Sentence’, a film on menstruation set in rural India, won the Oscar in the Documentary - Short Subject category at the 91st Academy Awards. The film has been directed by Rayka Zehtabchi and produced by Indian producer Guneet Monga’s Sikhya Entertainment.

Aero India 2019 culminates; Drone Olympics held

The 12th biennial edition of International Aerospace and Defence Exhibition, Aero India 2019 culminated on February 24, 2019 at Air Force Station Yelahanka in Bengaluru.

For the first time, the 2019 edition of Aero India combined the defence and civil aviation segments into a holistic event with the co-involvement of the defence and civil aviation ministries. The 12th edition of Aero India intended to be a “Runway to a billion opportunities” and put India on the Global map.

PM-KISAN: PM Modi launches ‘Pradhan Mantri Kisan Samman Nidhi Yojana’ from Gorakhpur, UP


The Prime Minister Narendra Modi on February 24, 2019 launched the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) from Gorakhpur, Uttar Pradesh.

On the launch day itself, the first instalment of Rs 2,000 was directly credited to the bank accounts of selected beneficiary farmers. Around 12 crore farmers are expected to benefit from PM-KISAN. The Pradhan Mantri Kisan Samman Nidhi Yojana was announced in the Union Interim Budget 2019 by Finance Minister Piyush Goyal.

PM Modi dedicates National War Memorial to the nation

Prime Minister Narendra Modi on February 25, 2019 dedicated the National War Memorial to the nation in a solemn ceremonial function in New Delhi.

The National War Memorial, located near the India Gate in New Delhi, is a fitting tribute to the soldiers who laid down their lives defending the nation, post-independence. The Memorial commemorates the soldiers who participated and made the supreme sacrifice in Peace Keeping Missions, and Counter Insurgency Operations.

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