Your Daily 5 Current Affairs Compass

1. GST Council Approves New Two-Slab Tax Structure

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  Event: The Goods and Services Tax (GST) Council approved a revised two-slab tax structure of 5% and 18%, replacing the previous four-tier system. A special demerit rate of 40% was also introduced for select items, including tobacco and luxury goods.

  
  


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  Significance: This reform aims to simplify the tax system, reduce compliance burdens, and enhance ease of doing business.

  
  


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  Context: The move is part of ongoing efforts to streamline India's indirect tax regime and promote economic growth.

  
  


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  Exam Relevance: Relevant for topics under Indian Economy, particularly in the context of taxation reforms and fiscal policy.

  
  

2. PM Modi Cancels Address at UNGA; EAM Jaishankar to Represent India

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  Event: Prime Minister Narendra Modi decided not to deliver a speech at the United Nations General Assembly (UNGA) General Debate. External Affairs Minister S. Jaishankar will represent India at the event.

  
  


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  Significance: This decision underscores the importance of diplomatic flexibility and the delegation of international responsibilities.

  
  


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  Context: The change in representation may be due to overlapping diplomatic engagements and the strategic delegation of responsibilities.

  
  


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  Exam Relevance: Pertinent to topics on India's foreign policy and international relations.

  
  

3. India Implements Visa-Free Entry for Nepal and Bhutan Citizens

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  Event: As of September 1, 2025, citizens of Nepal and Bhutan no longer require a passport or visa to enter India, as per the Immigration and Foreigners (Exemption) Order, 2025.

  
  


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  Significance: This policy aims to strengthen bilateral ties and promote regional integration.

  
  


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  Context: The exemption facilitates easier movement and fosters closer economic and cultural relations between the countries.

  
  


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  Exam Relevance: Relevant for topics on India's foreign relations and regional cooperation.

  
  

4. Rare Total Lunar Eclipse Visible Globally

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  Event: A rare total lunar eclipse, known as "Chandra Grahan," was visible to over 7 billion people across major continents, including Asia, Africa, the Americas, and Oceania.

  
  


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  Significance: The event provided a unique opportunity for scientific observation and public engagement in astronomy.

  
  


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  Context: Lunar eclipses hold cultural significance in many regions, influencing various traditions and beliefs.

  
  


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  Exam Relevance: Useful for topics under Science and Technology, particularly in astronomy and space science.

  
  

5. Punjab Schools and Colleges to Reopen After Flood Disruptions

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  Event: Schools, colleges, and universities across Punjab, closed since August 27 due to severe rains and flooding, are scheduled to reopen on September 9, 2025.

  
  


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  Significance: The reopening signifies recovery and the resumption of educational activities post-disaster.

  
  


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  Context: The decision reflects the state's commitment to restoring normalcy and ensuring the continuity of education.

  
  


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  Exam Relevance: Relevant for topics on disaster management and the impact of natural calamities on education.

  
  

Practice MCQ

Question: Which of the following is a recent reform approved by the GST Council in India?

A) Introduction of a five-slab tax structure

B) Implementation of a two-slab tax structure of 5% and 18%

C) Removal of all tax exemptions

D) Increase in the highest tax slab to 40%

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