Supreme Court ruling on note exchange window in July
- You can still hold of Rs.1000 and Rs.500 note till July, if you are still left with scrapped of Rs.1000 and Rs.500 notes and have failed to deposit them in banks by the December 30 deadline.
- In July it will decide whether the government should be asked to open a window for those who could not deposit the scrapped notes in time due to genuine reasons or because of PM Narendra Modi’s promise in his November 8 speech for a window beyond December 30, said by the Supreme Court on Tuesday.
- The Centre’s affidavit had referred to an individual’s case in which the petitioner had sought permission to deposit Rs.66.80 lakh in scrapped notes and said the petitioner failed to deposit the money as his bank account was not KYC-complaint
- It said that the I-T department and other government has seized “more than Rs.610 crore in cash (Rs.513 crore in scrapped currency and Rs.110 crore in new currency).
- Established : 1 October 1937 (79 years ago)
- Authorized by – Constitution of India
- Judge team length – 65 years of age
Highway liquor ban: Gurugram starts measuring distance between bars, national highways
- Due to the Supreme Court order the fate pubs, bars and liquor shops are facing a threat of closing, today it will be sealed administration started measuring the distance of these establishments from highways.
- The serving of liquor had banned within 500 meters of highways by the apex court, in a landmark ruling.
- After Tuesday exercise Establishments owner are hopefully that they will get relief. The excise department had a earlier prepared a list of 146 establishments – later revised to 115 establishment – that were suspected to fall within 500 meters of highways.
- The team measuring the distance includes DC Gurgaon Hardeep Singh, deputy excise and taxation commissioner (west) HC Dahiya, ACP Sumeer Singh, a PWD executive engineer and three NHAI officials.
- Established : 1 October 1937 (79 years ago)
- Authorized by – Constitution of India
- Judge team length – 65 years of age
Curbing sex determination test ads should not affect genuine information: SC
- On Tuesday the Supreme Court said that while prohibiting the advertisement on sex determination technique on the internet, the care to be taken it does not interfere in the access to genuine information on the subject.
- There should be restriction on the determination of sex texts and there is a law governing the field said by the bench.
- The Google India, Yahoo India and Microsoft Corporation (India) LTD this three internet search engines, reiterated their stand that they have no control over a thing that they have uploaded as they have no “supervisory or editorial control” over it.
- Observing that the matter has to decide, On Thursday the court directed next hearing asking all the parties to file their written submissions along with convenience volumes.
Unaccounted income worth Rs.5,400 crore detected in post-demonetization period, says Arun Jaitley
- On Tuesday, Finance Minister Arun Jaitley in Rajya Sabha said that “Over 1100 searches and surveys immediately after demonetization and detected undisclosed income of over Rs.5400 crore carried out by Income Tax Department.”
- The more follow-up action has taken and 18 lakh people identify whose tax profiles were not in line with the cash deposit made by them in the demonetization period, he added.
- The online response was been sought in such cases and over 12 lakh responses has been received from more than 8.38 PANs or Persons.
- The minister told that a high power group has been set up for coordinating and monitoring the actions taken by departments concerned with the objective of eliminating the conducts of black money generation and application.
- Arun jaitley is an Indian politician and lawyer who is current Finance minister.
- Jaitley was an Akhil Bharatiya Vidyarthi Parishad (ABVP) student leader in the Delhi University Campus in the seventies and rose to be the President of the Students Union of Delhi University in 1974.
CM Yogi Adityanath promises Cs, 24-hour power supply in second UP Cabinet meeting
- On Tuesday CM Yogi Adityanath who lead the UP cabinet for the second time within a week. This meeting was called to take a vital decision in which according to its minister are people oriented and for welfare of the common man.
- On April 4 the last meeting was held. The cabinet meeting lasted for three hours. For the new government, it was a decision-making day.
- In the second meeting also many promises has made, now see how much of promises will implemented.
MAJOR TAKEAWAYS FROM THE MEETING:
Power for all: Adhering to BJP’s manifesto the cabinet has promised abundant electricity to the state. To be implemented from April 14, all headquarters will get 24 hours power supply, tehsils to get 20 hours, villages to get 18 hours of uninterrupted electricity.
Apart from replacing transformers within a compressed 48-hour deadline, it will also sign a MoU with centre on power for all by 2018. The cabinet has also cancelled payment of surcharge on electricity and farmers with a bill of above 10,000 can pay now in four installments.
Crackdown on corruption: With the UP Cabinet approving an audit by CAG audit of development authorities’ troubles could mount for Akhilesh Yadav. This could include authorities of Noida, Greater Noida, Ghaziabad, Gorakhpur, Varanasi, Kanpur, Lucknow and Yamuna Expressway.
Pothole-free roads: June 15 has been set as the timeline by the Cabinet for making the roads of one of the largest states pothole free. A stretch of 85,943 km roads is what the state government has identified that needs urgent attention.
Prevention of Encephalitis and other diseases: Cabinet has passed a note to take immediate steps for prevention of Encephalitis malaria dengue and other diseases. This includes fogging and proper inspections and increasing 10 hospital beds in hospitals.
Tackling construction material shortage: The cabinet had approved immediate measures to tackle the shortage of construction material. It has approved a short term plan for addressing shortage and e-tenders would be issued to permit mining for next six months.
Budget for border districts: Funds for development work in seven districts connected to Nepal border have been approved. The state government provides 40 per cent of the money for work at the border from water, electricity to construction of toilets. However, this had been pending for some time now.
- Chief Minister – Yogi Adityanath
- Governor – Ram Naik
- Capital – Lucknow
Indians become biggest migrant group in Victoria: Census
- Australia’s census has found that Indian people are victoria’s biggest migrant group for the first time in a history.
- Xinhua news agency reported, after 12 years of strong growth India was the biggest migrating source to the state, beating England for the first time, the first result of a census revealed.
- England remained the most prominent source of migrants for Western Australia, South Australia, Tasmania, the Northern Territory and the Australian Capital Territory but China was number one for New South Wales and New Zealand the most prominent in Queensland.
- “Indians still see Australia as the land of opportunity when it comes to education, research and the standard of living,” Budhiraja was quoted as saying. He had not experienced any racism in his 12 years in Victoria he said.
- Australia Capital – Canberra
- Prime Minister – Malcolm Turnbull
- Governor-General – Sir Peter Cosgrove
Saudi Arabia markets debut dollar sukuk with wide guidance
1. Price guidance tends to be wide to attract investors when a bond is marketed, and to tighten as demand for the paper piles up.
- On Tuesday the document issued showed by one of the lead bank.
- The initial price guidance for its planned US dollar-denominated debut sukuk about 20 basis points wider than conventional counterparts issued last year has set by Saudi Arabia.
- BNP Paribas, Citi, Deutsche Bank, HSBC, J.P. Morgan, and NCB Capital are the joint lead managers and joint book runners. Saudi Arabia is rated A1 by Moody’s and A+ by Fitch.
- Capital – Riyadh
- King – Salman bin Abdulaizz
- Currency – Saudi riyal
Yahoo Is Sued Over $17 Million Fund for Chinese Dissidents
- On Tuesday a group of Chinese political activists filed a lawsuit in federal court against Yahoo, saying the Sunnyvale Company failed to properly oversee a $17 million fund it created to help Chinese writers a decade democracy advocates and human rights lawyers persecuted for standing up to the country’s government.
- Wu, a veteran Chinese dissident who died a year ago, spent less than 4 % of the money on humanitarian aid, by according to lawsuit.
- Yahoos replenish the trust from the lawsuit demand, which has been significantly depleted.
- Suzanne Philion, a spokeswoman for Yahoo, declined the comment saying that the company does not discuss litigation.
- Founded – January 1994; 23 years ago(as Jerry and David’s guide
to the World Wide Web) March 2 1995; 22 years ago
- Headquarters – Sunnyvale, California, U.S.
Iran opens registration for May 19 presidential election
- On Tuesday Iranian media reported that about 126 prospective candidates submitted their name on the first day of candidate registration for Iran’s May 19 presidential elections.
- On Tuesday the official IRNA news agency said that prospective candidates can register through the end of Saturday.
- On the 2015 nuclear agreement with world powers this will show referendum in coming vote, under which Iran agreed to curb its uranium enrichment in exchange for the lifting of international sanction.
- However critics of the deal complain that these economic benefits have yet to trickle down to average Iranians.
- Capital – Tehran
- President – Hassan Rouhani
- Supreme Leader – Ali Khamenei
- Currency – Rial
China says accord reached at last with Myanmar on oil pipeline
- US$1.5 billion route covering nearly 800km has been sitting empty for two years
- On Monday Chinese Vice-foreign minister Liu Zhenmin said that China and Myanmar have reached an agreement on an oil pipeline after almost a decade of talks, with the project due to start “Very quickly”.
- Dogged by sensitive relations between Naypyidaw and Beijing, the US$1.5 billion pipeline has been sitting empty for two years.
- Last month fighting in Myanmar has pushed thousands of people into china to seek refuge, prompting Beijing to call for a ceasefire between ethnic militias and the security forces.
- Capital – Naypyidaw
- President – Htin Kyaw
- Currency – Kyat
BANKING AND FINANCE
BS III ban: Rs 5000 cr worth vehicles still unsold despite heavy discounts
- From April 1 the apex court has banned sale and registration of BS-III vehicles.
- BS-III vehicles worth Rs.5000 cr has remaining unsold after the supreme court banned them, on Tuesday auto industry body SIAM said that an increasingly uncertain business environment will affect investment in sector.
- Mathur said that “this is the second time it has happened, that too in quick succession.” Highlighting ‘uncertain’ business environment surrounding the automobile industry.
- In August last year the Supreme Court lifted the first was eight-month ban on big diesel cars and SUVs with engines of 2000 cc and that is above in Delhi.
CBDT, corporate affairs ministry tie up to provide PAN to firms in a day
- On Tuesday the CBDT, a policymaking body of the I-T department said that it has a tied up with the MCA to issue PAN and TAN in one day for newly-incorporated companies.
- CBDT said in statement that TAN was allotted to all such companies within four hours 94.7% cases and within a day in 99.73% cases.
- CBDT, corporate affairs ministries tie up to provide PAN to firms in a day. At 12 April 2017 07:15 from popular India this article was published.
- The transactions by the account holder in such blocked accounts may, thereafter, be permitted once the self-certification is obtained and due diligence completed, it was added.
- Formation – 1944
- In the government of India the chairperson, CBDT is the senior-most IRS civil servant.
- The Chairperson ofCentral Board of Direct Taxes is the ex officio Special Secretary to the Government of India and also cadre controlling authority of the Indian Revenue Service.
Retirement Fund Board to Decide On Raising Investment in Stocks To 15%: Report
- Till February 18, 2017 the EPFO has invested Rs.18,069 crore in ETFs and yielded percent on this investment.
- From the current 10%, EPFO the board of retirement fund body is likely to approve the proposal to increase its investment in stocks to 15% of investible deposits in 2017-18.
- On March 30 in his last meeting the Central Board of Trustees, at EPFO the decision making body of the apex had deferred a decision on the proposal to increase exposure in ETFs.
- The EPFO who run the Social security schemes has estimated that this could bring in one crore more workers.
- EPFO Founded By – India (4 March 1952)
- Headquarters – Bhavishya Nidhi Bhawan, 14, Bhikaiji Cama Place, New Delhi, India
Public Accounts Committee finds irregularities in award of advertisements contracts in railways
- Public Account Committee in its latest report has noted the irregularities in award of contract of advertisement on a first come, first served basis which was prevailing for the last 25-30 years in the Mumbai division.
- A parliamentary committee has found irregularities in award of contracts of advertisements in the Mumbai division of the railways and recommended a CBI inquiry into it.
- Central railway and Western railway is a part of Mumbai division. The central vigilance commission has inquired the taking note of the alleged fraud in allotment of advertisements and involvement of railway officials.
- The committee is for strict action erring contractors and officials involved in the alleged fraud. From the top to the bottom exemplary punishment is awarded to the corrupt officials.
- The PAC has also observed that the menace of unauthorised displays at the stations was a constant source of leakage of revenues of railways. It has recommended exploring the feasibility of hallmarking of authorized symbols for contracted advertisements to avoid unauthorised hoardings and penalty for unauthorized publicity.
- The PAC is a selected member of parliament, which is constituted by the Parliament of India.
- The PAC is formed every year with a strength of not more than 22 members of which 15 are from Lok Sabha, the lower house of the Parliament, and 7 from Rajya Sabha, the upper house of the Parliament.
Your bank, other financial accounts may be blocked if you don’t link them with Aadhaar by April 30
- On Tuesday the Tax Department said that in July 2014 to August 2015 the account will be opened and will have to submit know your customer details and their Aadhaar number to bank and financial institution by April 30 and self-certify them to comply with FATCA regulations.
- They can operate their account once the details are furnished. The provision applies account come under the ambit of FATCA regulation.
- Under a new US law, India and US signed a tax information sharing agreement, on July 2015. FATCA aimed at bolstering efforts for automatic exchange of financial information between the two nations about the tax evaders.
- The tax department said in a statement that ”the account holders may be informed that, in case self-certifications are not provided till April 30, 2017, the accounts would be blocked, which would mean that the financial institution would prohibit the account holder from effecting any transaction with respect to such accounts.
- Aadhaar is a 12 digit unique identity no. issued to all Indian residents based on their Biometric and demographic Data.
- Aadhaar is the world’s largest biometric ID system, with over 1.133 billion enrolled members as of 31 March 2017.
General Insurance industry grows 32% in FY 17
- In the financial year 2016-17, general insurance industry is likely to grow by 32%, aided by demand for crop insurance and pick-up in motor sales.
- In the previous year, the industry generated total premium of Rs. 1.27 lakh crore from Rs. 96,376 crore in the previous year.
SCIENCE AND TECHNOLOGY
More Permafrost Than Thought May Be Lost as Planet Warms
- As global warming thaws the permafrost, nearly six million square miles of the earth is covered by the frozen land.
- Sarah E. Chadburn, the lead author of the study and a researcher at the University of Leeds in England said that figure is at least 20% higher than most previous studies.
- A 2 degree increase, the researchers found, would lead to a loss of about 2.5 million square miles of permafrost compared with a 1960-90 baseline, or about 40 percent of the current total.
- Schuur said that “there will be surface changes that affect everyone who lives there.” He also said that “I don’t think there’s any place in the permafrost zone that’s remote enough to escape changes.”
- Permafrost is a ground including the rock or soil, below the freezing point of Water 0 °C(32 °F) for two or more years.
Cosmic debris may collide with satellites and astronauts, warn ESA
- European space Agency recently released a video warning of the dangers that cosmic debris pose especially to human made object in the space such as the satellite or even the astronauts themselves.
- In Germany next week the international scientist will reportedly meeting in order to discuss about the issue of how ‘millions of objects’ floating in the orbit around the world mat lead to a disastrous collision in the space.
- Over 4,900 space launches have taken place since 1957 – leaving millions of objects behind in space.Out of these, Almost 94 % object has no use and purpose to serve.
- “It is not comparable to a gunshot. The energy contained in a one centimeter (0.4 inches) particle hitting a satellite at that velocity, roughly corresponds to an exploding grenade.” From speaking in the ESA video Holger Krag, head of space debris at the agency said it’s of an impact.
Second ‘Great Spot’ found at Jupiter, cold and high up
- Another “Great Spot” has been found at Jupiter, this one cold and high up.
- On Tuesday scientist has reported that the dark expanse is 15,000 miles (24,000 kilometers) across and 7500 miles (12,000 kilometers) wide.
- To chart the temperature and density of Jupiter’s atmosphere British-led team used a telescope in Chile.
- Jupiter’s upper atmosphere may hold other features, said staller’s.
- The study was published in Geophysical Research Letters, a journal of the American Geophysical Union.
West Indies vs Pakistan: Shoaib Malik ton anchors visitors to ODI series win
1. Shoaib Malik (101) and Mohammad Hafeez (81) turned on the style to see the tourists through to 236-4 with nearly seven overs to spare.
- After collecting both the “Man of the match” and “Man of the series,” Malik said that “I can’t thank Hafeez enough for the way he played because he took all the pressure off me.”
- Malik and Ahmed (24) brushed off the West Indies’ bowlers, as Pakistan eased to a convincing victory ahead of the three-test series which starts April 21.
- Worn not a surprisingly, the third consecutive match used the turgid track, Imad wasim the finger spinner and Hafeez were difficult for the West Indies to get away.
- First played – 18th century
- Each phase of play is called an innings.
- Headquarters – Dubai, united Arab Emirates
National Games gold medalist suffering from mysterious disease finally receives government aid
- Gohela Boro, an archer from Assam, has been fighting for her life for over a year.
- Gohela Boro was brought up in a humble family in Kokrajhar district in Assam. Her parents, who worked as daily wagers, earned enough to just about earn two meals a day for themselves and their eight children. Gohela, though, battled the odds and brought glory to her family by going on to become a national level archer.
- In 2008, she started her archery career and she is 20 year old, and did make national games gold in her tally of 77 medals was diagnosed with systemic Lupus Erythematous and Anti Neutrophil Cytoplasmic Antibodies.
- A few days ago, a strong social media campaign brought respite for the youngster as the sports Ministry and the sports Authority of India made arrangement for her treatment at AIIMS. The Archery Association of Assam should also be given credit, who convinced the Assam Chief Minister and the Sports Ministry to take action.
- Archeryis the sport, practice or skill of using a bow to propel arrows.
- A person who participates in archery is typically called anarcher or a bowman
PCB formally charges Nasir Jamshed in PSL spot-fixing case
- The PCB believes that Nasir Jamshed facilitated the contacts between suspended Pakistani players Sharjeel Khan and Khalid Latif.
- On Tuesday the cricket authorities issued a show cause notice to discarded Test opener Nasir Jamshed under the PCB Anti-corruption code for not yet responding to spot-fixing charges against him.
- For to represent a case Jamshed has now hired a Lawyer and also the investigation is carried out by the UK’s crime investigation agency which called him for questioning last month after the PSL scandal broke out.
- In statement PCB said that its investigation with regard to any potential breaches of the PCB Anti-Corruption code will carry on as it continues with its relentless commitment to uproot the menace of corrupt practices from the game of cricket.