Wednesday, December 30, 2015

Starred Articles

India paid Rs 400 crore to international agencies, Japan, Germany for unutilized external loans
Economy > International Agencies
India has paid over Rs 400 crore in the last four years as commitment charges to the Asian Development Bank, Japan, Germany and the International Bank for Reconstruction and Development (IBRD) for unutilised external loans taken to fund development projects.


Iraqi Army Defeats ISIS in Its First Major Victory Over The Militant Group In Ramadi
World > Iraq
The Iraqi army's capture of Ramadi, the provincial capital lying west to Baghdad, comes as a huge victory for the US-backed forces in the country especially after the capital was razed to ground by the militants nearly 18 months ago. The takeover of Ramadi by the Iraqi troops has finally deprived the ISIS of its political stronghold. The militants had seized it in May which had prompted the US to rethink its strategy against the Islamic State.


China launches 'most sophisticated' observation satellite Gaofen-4
World > China
China successfully launched its "most sophisticated" observation satellite, Gaofen-4, as part of the country's high-definition earth observation project. Gaofen-4 was launched from the Xichang Satellite Launch Centre in the southwestern province of Sichuan aboard a Long March-3B carrier rocket.


Suicide blast in govt office in Pakistan, 22 dead, 40 injured
World > Pakistan
A suicide bomber attacked a government office in Pakistan, killing at least 22 people and wounding more than 30, officials said. The attacker targeted a branch of the National Database and Registration Authority (Nadra), which issues government ID cards, in the northwestern town of Mardan in Khyber Pakhtunkhwa province.


Intelligence alert regarding terror attacks by Lashkar-e-Taiba on PM Modi, Parliament
India > Terror attack
Intelligence agencies have issued an alert regarding terror attacks by Lashkar-e-Taiba (LeT) at various locations in the country during New Year. According to the intelligence reports, Prime Minister Narendra Modi and Parliament building may be on the radar of the terror group.


Others

Pawan Kumar Agarwal appointed as CEO of FSSAI
India > FSSAI
Senior IAS officer Pawan Kumar Agarwal was on 22 December 2015 appointed as Chief Executive Officer (CEO) of food regulator Food Safety and Standards Authority of India (FSSAI).

Pawan Kumar Agarwal is a 1985 batch IAS officer of West Bengal cadre. He is presently serving as the Joint Secretary in Union Ministry of Skill Development and Entrepreneurship.


30th National Consumers Right Day observed
Days > National Consumers Right Day
30th National Consumers Right Day was observed across India on 24 December 2015. The day provides an opportunity to highlight the importance of the consumer movement and the need to make every consumer more aware of their rights and responsibilities.


Gautam Bambawale appointed High Commissioner of India to Pakistan
India > High Commissioner of India to Pakistan
Gautam H Bambawale, presently the Indian ambassador to Bhutan, has been appointed the next High Commissioner of lndia to the lslamic Republic of Pakistan. Bambawale will replace TCA Raghavan in Islamabad. His appointment comes at time when India and Pakistan have decided to start a comprehensive bilateral dialogue earlier this month during the visit of External Affairs Minister Sushma Swaraj to Islamabad.


Agriculture Ministry launches two mobile apps for farmers
Politics and Government > Mobile Apps for Farmers
In a bid to let farmers harvest the best of mobile technology, the Agriculture Ministry had launched two mobile apps for farmers. According to Union Agriculture and Farmers Welfare Minister Radha Mohan Singh by launching the apps the government would launch a new crop insurance scheme next month, which would aim speedy disposal of claims with very less premiums.


Indigenously developed Air-to-Air missile Astra successfully test fired
India > Air-to-Air Missile Astra
Indigenously developed Beyond Visual Range (BVR) air-to-air missile, Astra, was on 25 December 2015 successfully test fired. The test was conducted by the Indian Air Force off the coast of Odisha near the Integrated Test Range (ITR), Balasore. In addition to this air trial, the missile underwent successful ground based trials in early December 2015 near Pune.


Good Governance Day observed on 25 December
Days > Good Governance Day
Good Governance Day was observed on 25 December 2015 across the country. The day was observed to mark the birth anniversary of former-Prime Minister Atal Bihari Vajpayee.


China adopted Anti-Terrorism Bill, 2015; First counter-terrorism law in history
World > Anti-Terrorism Bill 2015
China’s National People's Congress Standing Committee, country’s top legislature, on 27 December 2015 approved Anti-Terrorism Bill, 2015 to address terrorism at home and help maintain world security. It is country’s first counter-terrorism law and will enter into force in January 2016.


India-Iran strategic partnership discussed at first Joint Commission Meeting
Politics and Government > India-Iran Partnership
The first India-Iran Joint Commission Meeting (JCM) since the historic nuclear deal and decision to ease sanctions from Tehran discussed measures to expand economic and strategic partnership including increasing oil imports from the Persian Gulf country besides disbursement of pending oil payments, investments by Delhi in Iran's hydro-carbon sector and tried to iron out irritants to seal the contract for key Chabahar Port by next month.


Modi government to rename new-look Indira Awaas Yojana to Pradhan Mantri Awaas Yojana
Economy > Pradhan Mantri Awaas Yojana
The Modi government is renaming yet another welfare programme to remove its association with the Gandhi family. This time it's the Indira Awaas Yojana, which aims to build homes for the rural poor. It's to be renamed the Pradhan Mantri Awaas Yojana.


Bihar CM bans sirens in VIP vehicles in Patna
India > Bihar
In light of the rising noise pollution in Patna, Bihar chief minister Nitish Kumar banned the use of hooters in vehicles, except in those of the Governor, Patna high court Chief Justice, fire engines and ambulances. Kumar stressed on the measures at a home department review meeting to contain noise pollution by blaring hooters of vehicles belonging to VVIPSs and VIPs, and also directed putting in place measures to end unnecessary blaring of horns by regular vehicles.


China launches 'most sophisticated' observation satellite Gaofen-4
Science and Technology > Gaofen-4 Satellite
China today successfully launched its "most sophisticated" observation satellite, Gaofen-4, as part of the country's high-definition earth observation project. Gaofen-4 was launched from the Xichang Satellite Launch Centre in the southwestern province of Sichuan aboard a Long March-3B carrier rocket.


Karnataka's prisons dept to tie up with Flipkart, Amazon for Make-in-Prison mission
India > Karnataka
The Karnataka state's prisons department plans to tie up with e-commerce giants Flipkart, Amazon and other online platforms to sell products made by prisoners at Bengaluru's Parappana Agrahara Central Jail. The made-in-prison initiative will be a first in India, although the concept is common in countries like the UK, USA, Netherlands, Germany and Peru, which have even branded such products.


Indian Navy successfully test fires Long Range Barak 8 missile from INS Kolkata
India > Navy
The Indian Navy on Wednesday successfully conducted the maiden firing of its newly developed Long Range Barak 8 Surface-to-Air Missile (LR SAM), crossing a significant milestone in enhancing its anti-air warfare capability.


Iraqi PM visits Ramadi after declaring Isis will be 'terminated' in 2016
World > Iraq
Iraq prime minister Haider al-Abadi arrived in Ramadi a day after his government declared the city liberated from Islamic State. Abadi kicked off his tour with meetings with security and provincial officials. The recapture of the city, where the Iraqi flag was raised on Monday over government buildings that had served as Isis’s base in Ramadi, marks a key victory against the jihadis.


Tuesday, December 29, 2015

Starred Articles

Indigenously developed Air-to-Air missile Astra successfully test fired
India > Air-to-Air Missile Astra > 25th December
Indigenously developed Beyond Visual Range (BVR) air-to-air missile, Astra, was on 25 December 2015 successfully test fired. The test was conducted by the Indian Air Force off the coast of Odisha near the Integrated Test Range (ITR), Balasore. In addition to this air trial, the missile underwent successful ground based trials in early December 2015 near Pune.


India paid Rs 400 crore to international agencies, Japan, Germany for unutilized external loans
Economy > International Agencies > 25th December
India has paid over Rs 400 crore in the last four years as commitment charges to the Asian Development Bank, Japan, Germany and the International Bank for Reconstruction and Development (IBRD) for unutilised external loans taken to fund development projects.


Good Governance Day observed on 25 December
Days > Good Governance Day > 25th December
Good Governance Day was observed on 25 December 2015 across the country. The day was observed to mark the birth anniversary of former-Prime Minister Atal Bihari Vajpayee.


China adopted Anti-Terrorism Bill, 2015; First counter-terrorism law in history
World > Anti-Terrorism Bill 2015 > 27th December
China’s National People's Congress Standing Committee, country’s top legislature, on 27 December 2015 approved Anti-Terrorism Bill, 2015 to address terrorism at home and help maintain world security. It is country’s first counter-terrorism law and will enter into force in January 2016.


Others

Pawan Kumar Agarwal appointed as CEO of FSSAI
India > FSSAI > 23rd December
Senior IAS officer Pawan Kumar Agarwal was on 22 December 2015 appointed as Chief Executive Officer (CEO) of food regulator Food Safety and Standards Authority of India (FSSAI).

Pawan Kumar Agarwal is a 1985 batch IAS officer of West Bengal cadre. He is presently serving as the Joint Secretary in Union Ministry of Skill Development and Entrepreneurship.


30th National Consumers Right Day observed
Days > National Consumers Right Day > 24th December
30th National Consumers Right Day was observed across India on 24 December 2015. The day provides an opportunity to highlight the importance of the consumer movement and the need to make every consumer more aware of their rights and responsibilities.


Gautam Bambawale appointed High Commissioner of India to Pakistan
India > High Commissioner of India to Pakistan > 24th December
Gautam H Bambawale, presently the Indian ambassador to Bhutan, has been appointed the next High Commissioner of lndia to the lslamic Republic of Pakistan. Bambawale will replace TCA Raghavan in Islamabad. His appointment comes at time when India and Pakistan have decided to start a comprehensive bilateral dialogue earlier this month during the visit of External Affairs Minister Sushma Swaraj to Islamabad.


Agriculture Ministry launches two mobile apps for farmers
Politics and Government > Mobile Apps for Farmers > 24th December
In a bid to let farmers harvest the best of mobile technology, the Agriculture Ministry had launched two mobile apps for farmers. According to Union Agriculture and Farmers Welfare Minister Radha Mohan Singh by launching the apps the government would launch a new crop insurance scheme next month, which would aim speedy disposal of claims with very less premiums.


Globe Soccer Awards 2015 conferred
Awards > Globe Soccer Awards 2015 > 27th December
The Globe Soccer on 27 December 2015 presented the sixth edition of Globe Soccer Awards 2015 to the winners at a ceremony held in Dubai, UAE. Awarded for excellences in the field of football, Globe Soccer Awards are the first and only awards for the Best Club Director and the Best Agent of the Year.


340,000 bank employees across the country to strike work on January 8
Banking and Insurance > Strike Work > 28th December
On January 8, around 34,000 bank employees across the country would strike work to protest the violation of bilateral settlement by the five associate banks of State Bank of India. The five associate banks of the SBI are State Bank of Mysore, State Bank of Patiala, State Bank of Hyderabad and State Bank of Bikaner and Jaipur.


India Post 's payment bank to start from March 2017
Banking and Insurance > India Post Payment Bank > 29th December
According to Union Minister for Communications and IT Ravi Shankar Prasad, the India Post Payment Bank will start operations in March 2017. Several Indian and foreign financial institutions such as the World Bank and Deutsche Bank have approached the state-owned postal department for a tie-up.


India-Iran strategic partnership discussed at first Joint Commission Meeting
Politics and Government > India-Iran Partnership > 29th December
The first India-Iran Joint Commission Meeting (JCM) since the historic nuclear deal and decision to ease sanctions from Tehran discussed measures to expand economic and strategic partnership including increasing oil imports from the Persian Gulf country besides disbursement of pending oil payments, investments by Delhi in Iran's hydro-carbon sector and tried to iron out irritants to seal the contract for key Chabahar Port by next month.


Modi government to rename new-look Indira Awaas Yojana to Pradhan Mantri Awaas Yojana
Economy > Pradhan Mantri Awaas Yojana > 29th December
The Modi government is renaming yet another welfare programme to remove its association with the Gandhi family. This time it's the Indira Awaas Yojana, which aims to build homes for the rural poor. It's to be renamed the Pradhan Mantri Awaas Yojana.


China launches 'most sophisticated' observation satellite Gaofen-4
Science and Technology > Gaofen-4 Satellite > 29th December
China today successfully launched its "most sophisticated" observation satellite, Gaofen-4, as part of the country's high-definition earth observation project. Gaofen-4 was launched from the Xichang Satellite Launch Centre in the southwestern province of Sichuan aboard a Long March-3B carrier rocket.



Wednesday, December 23, 2015

Starred Articles

Indo-Japan N-deal to boost India's renewable energy plans
India > Indo-Japan N-deal
India's recent agreement with Japan on developing environmentally-friendly nuclear energy for civilian use is the right step and will boost the country's renewable energy plans, the IEA said in Singapore.


India to contribute $500,000 to UN emergency response fund
India > UN emergency response fund
India will contribute $500,000 to a UN rapid response funding mechanism for the 2015-16 period to support global humanitarian relief operations. India had contributed $500,000 to the Central Emergency Response Fund (CERF) in 2014 and announced a similar contribution for the 2015-16 period.


Former Defence Secretary R K Mathur appointed new Chief Information Commissioner
Politics and Government > Chief Information Commissioner
Former Defence Secretary R K Mathur has been appointed as Chief Information Commissioner (CIC), breaking away from the convention of appointing the head from among the serving Information Commissioners. He will have tenure of about three years, till he attains the age of 65 years.


Demand in RS for immediate passage of juvenile bill
Politics and Government > Juvenile Justice Act
A demand for expeditious passage of the amendments to the Juvenile Justice Act to allow children between 16-18 years to be tried as adults in heinous crime cases was made in the Rajya Sabha, soon after the Supreme Court dismissed a plea against the release of the juvenile offender in the December 16 gang-rape case.


Others

Banks open over 19 crore accounts under PM Narendra Modi's Jan Dhan Yojana
Banking and Insurance > Jan Dhan Yojana
Banks have opened 19.21 crore accounts under the government's ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana with deposit of more than Rs 26,819 crore. According to the finance ministry, RuPay cards have been issued to 16.51 crore customers and that two lakh accounts are opened every day.


India ranks 97th on Forbes' best countries for business list
India > Forbes' List
India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes' annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence. Denmark topped the list of the 144 nations on the Best Countries of Business in 2015 list by Forbes.


Sahitya Akademi awards announced for the year 2015
Awards > Sahitya Akademi Awards
Sahitya Akademi on 17 December 2015 announced the Sahitya Akademi Awards for the year 2015 in 23 languages. Poetry and short story writers dominated the awards. Among the winning books are six poetry collections, six books of short stories and four novels, besides two books each of essays and criticism.


PM Narendra Modi to inaugurate Make in India Week on February 13
Politics and Government > Make in India Week
Prime Minister Narendra Modi will inaugurate the Make in India Week in Mumbai on February 13. The event would be inaugurated on February 13 by the Prime Minister. The theme of the event will be innovation, design and sustainability. The main aim of the event is to attract more FDI into the country.


India ranks 97th on Forbes' best countries for business list
Economy > Business List
India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes' annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.


RBI cancels registration certificate of 3 NBFCs
Banking and Insurance > RBI
The Reserve Bank has cancelled registration certificate of three non-banking financial companies (NBFCs). The three NBFCs are Bengaluru-based Malpani Holdings Private Ltd, Sachsons Leasing and Finance of New Delhi and Mumbai based Tej Gaurav Finance Limited.


Chennaiyin FC stun FC Goa 3-2 to win Indian Super League
Sports > Football
Chennaiyin FC stunned FC Goa 3-2 to emerge winners in the second edition in Fatorda. It was a shocking end to the match where Goa seemed to have done enough to steal the winner. Chennaiyin FC celebrated their win in front of a near empty stadium.


Miss Philippines Pia Alonzo Wurtzbach crowned Miss Universe 2015
World > Miss Universe 2015
Pia Alonzo Wurtzbach of the Philippines was crowned Miss Universe 2015. Wurtzbach beat as many as 80 contestants, including India's Urvashi Rautela who didn't find a spot even in the top 15.


Government introduces bill for bankruptcy law in Parliament
Economy > Bill for Bankruptcy Law
Finance Minister Arun Jaitley introduced the Insolvency and Bankruptcy Code in Parliament on Monday, looking to modernise an outdated system and allow speedy exits from failed businesses


India & US to talk on giving access to each other's military bases
Other > India - US Pact
India has agreed to reopen talks with the US on a pact to allow each other access to their military bases and ports, signalling a strategic shift from the UPA position to not take any such step for fear of conveying an impression of a military alliance.

The proposed pact, which is called the Logistics Support Agreement (LSA), allows both sides to make changes to each other's facilities in a way that it allows for easier conduct of military exercises besides expanding their scope and ambition


Landslide devastates Chinese industrial park, 91 missing
World > China
At least 91 people were missing after a huge mound of mud and construction waste collapsed at a business park in southern China and buried 33 buildings in the country's latest industrial disaster.

Serena Williams and Djokovic named players of the year by ITF
Sports > Tennis
The International Tennis Federation (ITF) named Serena Williams and Novak Djokovic as the women’s and men’s player of the year respectively. Both won three of the four Grand Slams in 2015 and are well clear in the world rankings.


Wipro to buy US-based Viteos Group for $130 million
Corporate > Wipro
India's third largest software exporter has agreed to buy US-based back-office outsourcing firm Viteos Group for $130 million, continuing with its traditional " string of pearls" acquisition strategy of making several buyouts of small companies that are a strategic fit. The acquisition will be completed in the quarter ending March 31, 2016.

Tuesday, December 22, 2015

Starred Articles

Banks open over 19 crore accounts under PM Narendra Modi's Jan Dhan Yojana
Banking and Insurance > Jan Dhan Yojana > 16th December
Banks have opened 19.21 crore accounts under the government's ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana with deposit of more than Rs 26,819 crore. According to the finance ministry, RuPay cards have been issued to 16.51 crore customers and that two lakh accounts are opened every day.


Vijay Diwas observed across the country to commemorate India’s victory in 1971 war
Days > Vijay Diwas > 16th December
Vijay Diwas was observed across the country on 16 December 2015. On this day, nation remembers martyrs, who laid down their lives during Indo-Pak War of 1971. This day is celebrated as Victory Day in Bangladesh and Vijay Diwas in India.


Former Defence Secretary R K Mathur appointed new Chief Information Commissioner
Politics and Government > Chief Information Commissioner > 18th December
Former Defence Secretary R K Mathur has been appointed as Chief Information Commissioner (CIC), breaking away from the convention of appointing the head from among the serving Information Commissioners. He will have tenure of about three years, till he attains the age of 65 years.


RBI cancels registration certificate of 3 NBFCs
Banking and Insurance > RBI > 21st December
The Reserve Bank has cancelled registration certificate of three non-banking financial companies (NBFCs). The three NBFCs are Bengaluru-based Malpani Holdings Private Ltd, Sachsons Leasing and Finance of New Delhi and Mumbai based Tej Gaurav Finance Limited.


Demand in RS for immediate passage of juvenile bill
Politics and Government > Juvenile Justice Act > 21st December
A demand for expeditious passage of the amendments to the Juvenile Justice Act to allow children between 16-18 years to be tried as adults in heinous crime cases was made in the Rajya Sabha, soon after the Supreme Court dismissed a plea against the release of the juvenile offender in the December 16 gang-rape case.


Others

Sahitya Akademi awards announced for the year 2015
Awards > Sahitya Akademi Awards > 17th December
Sahitya Akademi on 17 December 2015 announced the Sahitya Akademi Awards for the year 2015 in 23 languages. Poetry and short story writers dominated the awards. Among the winning books are six poetry collections, six books of short stories and four novels, besides two books each of essays and criticism.


PM Narendra Modi to inaugurate Make in India Week on February 13
Politics and Government > Make in India Week > 17th December
Prime Minister Narendra Modi will inaugurate the Make in India Week in Mumbai on February 13. The event would be inaugurated on February 13 by the Prime Minister. The theme of the event will be innovation, design and sustainability. The main aim of the event is to attract more FDI into the country.


India ranks 97th on Forbes' best countries for business list
Economy > Business List > 17th December
India has ranked a low 97th out of 144 nations, behind Kazakhstan and Ghana, on Forbes' annual list of the best countries for business in 2015, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.


Chennaiyin FC stun FC Goa 3-2 to win Indian Super League
Sports > Football > 21st December
Chennaiyin FC stunned FC Goa 3-2 to emerge winners in the second edition in Fatorda. It was a shocking end to the match where Goa seemed to have done enough to steal the winner. Chennaiyin FC celebrated their win in front of a near empty stadium.


Miss Philippines Pia Alonzo Wurtzbach crowned Miss Universe 2015
World > Miss Universe 2015 > 21st December
Pia Alonzo Wurtzbach of the Philippines was crowned Miss Universe 2015. Wurtzbach beat as many as 80 contestants, including India's Urvashi Rautela who didn't find a spot even in the top 15.


Government introduces bill for bankruptcy law in Parliament
Economy > Bill for Bankruptcy Law > 21st December
Finance Minister Arun Jaitley introduced the Insolvency and Bankruptcy Code in Parliament on Monday, looking to modernise an outdated system and allow speedy exits from failed businesses


India & US to talk on giving access to each other's military bases
Other > India - US Pact > 21st December
India has agreed to reopen talks with the US on a pact to allow each other access to their military bases and ports, signalling a strategic shift from the UPA position to not take any such step for fear of conveying an impression of a military alliance.

The proposed pact, which is called the Logistics Support Agreement (LSA), allows both sides to make changes to each other's facilities in a way that it allows for easier conduct of military exercises besides expanding their scope and ambition



Wednesday, December 16, 2015

Starred Articles

Saudi voters elect 20 women candidates for the first time
World > Saudi Elections > 13th December
Saudi voters elected 20 women for local government seats, according to results released to The Associated Press. This was for the first time in the country's history that women voted and ran in elections. The women who won hail from vastly different parts of the country, ranging from Saudi Arabia's largest city to a small village near Islam's holiest site.


India set to develop own stealth combat drones
India > Unmanned Combat Aerial Vehicles > 14th December
India is finally getting set to launch an ambitious project to develop its own stealth combat drones or UCAVs (unmanned combat aerial vehicles), which will be capable of firing missiles and precision-guided munitions at enemy targets and then returning to home bases to re-arm for further missions.


India to train Japan's counter-terror intelligence unit
India > Terror Intelligence Unit > 14th December
India will offer full support to augment capabilities of Japan's newly-created intelligence unit, including training one of its officers who will be posted in Delhi, as part of the robust counter-terror partnership forged between Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe.


World Bank approves $1.5 billion to support Swachh Bharat Abhiyan
Politics and Government > Swachh Bharat Abhiyan > 16th December
The World Bank has approved a USD 1.5 billion loan for the ambitious clean India campaign to support the government in its efforts to ensure all citizens in rural areas have access to improved sanitation and end the practice of open defecation by 2019. The loan will be used for Swachh Bharat Mission (SBM) Support Operation Project.


Others

US House passed Visa Waiver Program Improvement Act of 2015
World > Visa Waiver Program > 10th December
US House of Representatives on 8 December 2015 passed the Visa Waiver Program Improvement Act of 2015. It amends the United States' visa travel practices.The lawmakers voted 407 to 19 in support of the Bill that seeks to impose restrictions on people who have visited Iraq, Syria and countries listed as supporting terrorism to travel visa-free to the United States.


Pakistan tests nuclear-capable missile with range of 2,750 km
World > Nuclear-Capable Missile > 11th December
Pakistan conducted a test of the nuclear-capable Shaheen-III surface-to-surface ballistic missile with a range of 2,750 km, capable of striking targets deep inside India. The test, conducted from an undisclosed location, was described as successful by the military’s media arm. It was aimed at validating various design and technical parameters of the weapon system.


NASA plans to exit International Space Station
World > NASA > 11th December
NASA's long space ride with the International Space Station (ISS) in low-Earth orbit will also touch the finish line in a decade from now. The US space agency will move up to the cislunar space -- the area of space surrounding the moon -- for an ambitious human exploration programme.


India, Japan sign agreement to amend DTAA
Economy > Double Taxation Avoidance Agreement > 12th December
India and Japan today signed an agreement to amend the Double Taxation Avoidance Agreement (DTAA) which will help in reducing tax avoidance and act as a deterrent against tax evasion. The agreement was signed in the presence of Prime Minister Narendra Modi and Japanese Prime Minister Shinzo Abe.


Mauricio Macri Blanco sworn in as President of Argentina
World > President of Argentina > 12th December
Mauricio Macri Blanco was on 10 December 2015 sworn in as the President of Argentina. He succeeded Cristina Elisabet Fernandez de Kirchner who was in the office for two terms between 2007 and 2015.
Mauricio Macri is the leader of the centre-right Cambiemos (Let's Change) coalition. He secured 51.5 percent of votes in the elections held in November 2015.


Vijay Kumar wins gold at National Shooting Championship
Sports > National Shooting Championship > 13th December
Olympic medallist Vijay Kumar shot his way to the men's 25-metre centre fire pistol gold medal on day 12 of the 59th National Shooting Championship .Vijay, who has not yet secured a quota for the upcoming Rio Olympics, is trying to get back to his best after being laid low by injury over the past couple of years.


Dilip Kumar presented with Padma Vibhushan by Union Home Minister Rajnath Singh
Awards > Padma Vibhushan > 14th December
Dilip Kumar, known as the “tragedy king of Bollywood” was presented with Padma Vibhushan by Union Home Minister Rajnath Singh at his residence in suburban Bandra for his contribution to Hindi cinema spanning over six decades.


A K Jain appointed new CBDT chief
Economy > Central Board of Direct Taxes > 15th December
Senior revenue service officer A K Jain was appointed Chairman of Central Board of Direct Taxes (CBDT), the apex policy making body of Income Tax department. Jain is also holding additional charge of Member (Personnel and Vigilance) in the CBDT.


SC bans registration of diesel SUVs & cars with engines beyond 2000 cc in Delhi & NCR till March 31
Politics and Government > Delhi NCR > 16th December
The Supreme Court banned registration of diesel-run SUVs and cars having engine capacity beyond 2000 cc in Delhi and National Capital Region till March 31, next year as it unveiled a slew of measures to curb the alarming rise in pollution levels in the city.


Government to notify mandatory quoting of PAN for cash transactions over Rs 2 lakh
Politics and Government > PAN for Cash Transactions > 16th December
Government has issued a notification that you will have to flash your permanent account number (PAN) for any transaction of over Rs 2 lakh regardless of mode of payment. This notification has issued to give effect to the budget proposal, intended to check domestic black money, apart from modifying the rules for PAN requirement for other transactions as well.


GST will be rolled out in 2016
India > Goods and Services Tax (GST) > 16th December
According to the senior government official, the draft model law on Goods and Services Tax (GST) will be finalised in a month’s time and the Centre was fully geared to roll out the GST in 2016. It will take at least another month by which they will be able to finalise the draft law and once that is done, they will be putting it up in the public domain and the process of consultation and regional conferences for interaction with trade and industry.


Government to soon allow automakers to make ethanol-fuelled vehicles
Politics and Government > Ethanol-fuelled Vehicles > 16th December
According to the Union Transport Minister Nitin Gadkari, the government next month will announce a policy to allow automakers to manufacture flexible-fuel vehicles in the country to curb the pollution.