Skip to main content

India presses for automatic exchange at TAX information in G20 Meet.

1. India presses for automatic exchange of tax information at G20 meet 
i. India has called for expeditious implementation of the automatic exchange of tax information saying it would help in tracking illegal money stashed in foreign banks. 
ii. Minister of State for Finance Jayant Sinha advocated "full and fast implementation" of Automatic Exchange of Information within the agreed time-frame. 
iii. India called for strengthening the IMF through implementing the 2010 quota and governance reforms and creating an environment for multilateral swaps to overcome such negative impact.
iv. The quota reform, if implemented, will increase India's voting share in IMF from the current 2.44 per cent to 2.75 per cent, following which the country will become the eighth largest quota holder at the IMF, up from the 11th position.

 
2. National Games mascot in Limca Book of Records
i. National Games mascot Ammu, the Great Hornbill, has immortalised itself by finding a mention in the Limca Book of Records.
ii. The mascot found a place in the record books owing to a play, Kalikkunna Kuttikalkkayi Bharatham Kathirikkunnu (India Awaits Children Who Play) in which Ammu is featured.
iii. According to the Limca Book’s 2015 Special Literature Edition, it is a play about a mascot which had been staged in most number of schools. The Great Indian Hornbill, had been staged in 147 schools.

 
3. Israel offers expertise to clean up Ganga
i. In an effort to deepen economic cooperation, Israel has offered its expertise and technological capabilities to India in its ambitious drive to clean up the Ganga.
ii. A preliminary offer on this was made by Amit Lang, Director-General of the Ministry of Economy, Israel led  delegation to continue talks on the Free Trade Agreement (FTA), which both countries had initiated in 2007, as well as expand cooperation in the field of water management, waste water treatment.
iii. Israel has made significant technological advancement in desalination and drip irrigation with the world’s largest desalination plants and recycles 90 per cent of water for agricultural needs.
 
4. Scheme for grant of government pension to journalists 
i. Puducherry government has initiated steps to bring into effect a scheme evolved in 2003 to pay monthly pension to media persons.
ii. The scheme envisages payment of monthly pension of Rs 6000 to a media person who had completed 20 years of continued service in a newspaper, periodical, news agency or in electronic media.
iii. The beneficiary should be aged 58 years and above at the time of presenting the application. 

 
5. NABARD announces Rs 1,14,927 crore credit plan for Rajasthan 
i. National Bank for Agriculture and Rural Development (NABARD) today announced Rs 1,14,927 crore credit plan for agriculture in Rajasthan for fiscal 2015-16, encompassing all 33 districts in the state. 
ii. The credit projections will grow by 39 per cent from Rs 82,534 crore in the ongoing fiscal (2014-15) to Rs 1,14,927 crore in 2015-16 for Rajasthan's agriculture and allied sectors.
iii. NABARD has identified infrastructure gaps in the state with 155 projects worth Rs 3,020 crore, which could be financed under RIDF and other channels available with NABARD. 

 
6. ICICI Bank launches ‘Pockets’, India’s first digital bank on a mobile phone
i. ICICI Bank, India’s largest private sector bank, has announced the launch of ‘Pockets’, India’s first digital bank for the youth.
ii. Anyone, including those who are not customers of ICICI Bank, can download the e-wallet from Google Playstore, fund it from any bank account in the country and start transacting immediately.
iii. This wallet uses a virtual VISA card which enables the users to transact on any website or mobile application in India.
 

Comments

Popular Post

Most Important Topics. International , Science , UPSC, BPSC..

  International Relations Prev First in-Person Meeting of Quad Countries           Star marking (1-5) indicates the importance of topic for CSE Tags:  GS Paper - 2 Groupings & Agreements Involving India and/or Affecting India's Interests Why in News Recently, the first in-person meeting of  Quad  leaders was hosted by the US. Issues like climate change, Covid-19 pandemic and challenges in the Indo Pacific, amidst China's growing military presence in the strategic region, were discussed in the meeting. Key Points Background: In  November 2017, India, Japan, the US and Australia gave shape to the long-pending proposal of setting up the Quad  to develop a new strategy to keep the critical sea routes in the Indo-Pacific free of any influence. China claims nearly all of the disputed  South China Sea , though Taiwan, the Philippines, Brunei, Malaysia and Vietnam all claim parts of it. The South China Sea is an arm of the Western ...

Oil report

The United Nations (UN) on 18 December 2014 sent a team of international experts to help Bangladesh in cleaning up the Sundarbans oil spill. The team belonging to the United Nations Disaster Assessment and Coordination (UNDAC) was sent on a request from Bangladesh government. The UN team will help Bangladesh government in the ground work and will also conduct an assessment and advise on recovery and risk reduction measures. The team comprises of experts from Britain, European Union, France and the United States. Besides, the UN asked Dhaka to impose a complete ban on the movement of commercial vessels through the Sundarbans.

World most famous article

1. Walmart to open new store in India after 2-year gap  i. After a gap of two years, US retail major Walmart will open a new cash and carry store in Agra as it returns focus on India.  ii. The company, which opened its last store in Bhopal towards the end of 2012, has said it will focus on cash and carry business in India in the absence of clarity on FDI in multi-brand retail trade. iii. "Walmart is committed to India and we are focused on our growth plans... We have recently received all internal approvals for opening a new store in Agra, our second one in the city," Walmart spokesperson told PTI. 2. Jyotsna Suri elected as the President of the FICCI i. Jyotsna Suri, Chairperson of Bharat Hotels, on 20 December 2014 was elected as the President of the Federation of Indian Chambers of Commerce & Industry (FICCI). ii. Suri succeeded Sidharth Birla. iii. Alok B Shriram, deputy managing director of DCM Shriram Industries Ltd, assumed the charge of the presid...
1. Suicide bomb, gunfight at Afghan bank, civilians inside. i. Taliban militants detonated a suicide bomb and stormed a bank in southern Afghanistan . ii. The attackers forced their way inside after the bomb exploded at the entrance of the Kabul Bank branch in Lashkar Gah killing at least six people, the capital of the insurgency-racked province of Helmand. iii. A Taliban spokesman claimed responsibility for the attack on Kabul Bank, an institution that nearly collapsed in 2010 in a $900 million fraud case that underlined endemic corruption in Afghanistan.  2. Lok Sabha passed NCT of Delhi Laws (Special Provisions) Amendment Bill, 2014. i. The Lok Sabha passed the National Capital Territory (NCT) of Delhi Laws (Special Provisions) Amendment Bill, 2014. The bill was presented in Lok Sabha by the Union Urban Development Minister Venkaiah Naidu. ii. The Bill seeks to amend the National Capital Territory of Delhi Laws (Special Provisions) Second Act, 2011 as the deadlines...

GDP projection by IMF:

 GDP projection by IMF:   ðŸ‡¨ðŸ‡³ China GDP: 2023: $19.374 trillion 2028: $27.4 trillion 2075: $57 trillion 🇮🇳 India GDP: 2023: $3.737 trillion 2028: $5.5 trillion 2075: $52.5 trillion 🇺🇲 US GDP: 2023: $26.855 trillion 2028: $32.3 trillion 2075: $51.5 trillion

Follow the Page for Daily Updates!