Dear Sehpaathians
We are here with the detailed current affairs for 15th July 2016. These current affairs are very important for upcoming UPSC /SSC examinations.
The Centre announced an extension of a deadline under the Income Declaration Scheme, aimed at bringing undeclared income and assets into the tax net to, September 30, 2017.
The government has also decided to stagger the due dates for the payments. According to the new plan, a minimum of 25% of the tax, surcharge and penalty is to be paid by November 30, 2016, another 25% by March 31, 2017, and the remaining amount by September 30, 2017. The previous deadline for the entire payment of the tax, interest, and penalty was November 30, 2016.
The government also clarified about a pending issue on whether the tax, surcharge and penalty could be paid with undisclosed income not included in the amount that was originally declared, effectively reducing the rate payable from 45% to 31%. If a person declared Rs.100 lakh as undisclosed income under the scheme, then he would have to pay a total of Rs.45 lakh as tax, surcharge and penalty. In case this is paid from other undisclosed income, then “the declarant will not get any immunity under the Scheme.”
Background:
The Income Declaration Scheme offers people with undisclosed income to declare it by paying a penal tax rate of 45% on such income. An amendment in this regard was also recently moved in the Finance Bill, 2016. The Finance Bill has imported Section 138 of the Income Tax Act into the declaration scheme’s ambit. Bringing in Section 138 to the Scheme brings in objectivity on confidentiality of income tax information and the limitations thereof.
India recently received the official citation from WHO and UNICEF for Elimination of Maternal and Neonatal Tetanus and for being YAWS-free. India is the first country to be officially acknowledged as being Yaws-free. India was validated for Maternal and Neonatal Tetanus Elimination (MNTE) in April 2015, much ahead of the global target date of December 2015.
Yaws – key facts:
Tetanus:
Peace activist in Sri Lanka have pitched strongly for an early ratification of the Convention on Cluster Munitions (CCM). Experts say, this move will not only provide solace to those who were traumatised by the decades-long war in Sri Lanka but also reassure people of the country that such a heinous practice will not be resorted to in future.
Convention on Cluster Munitions:
The Convention on Cluster Munitions (CCM) is an international treaty that addresses the humanitarian consequences and unacceptable harm to civilians caused by cluster munitions, through a categorical prohibition and a framework for action.
Countries that ratify the convention will be obliged “never under any circumstances to”:
The Government of India and the Asian Development Bank (ADB) have signed a $100 million loan agreement to strengthen key irrigation and drainage system and improve water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu.
Details:
Background:
The Cauvery river basin is a critical source of water for agriculture, both within Tamil Nadu and neighbouring states. The vast majority of the delta’s population is engaged in farming and fishing.
A demonstration on capabilities of Mathura based Strike 1 to seamlessly effect crossings on river obstacle was conducted on banks of Yamuna River on 14 July 16 along the stretch of river adjoining the cantonment. The Exercise code named ‘MEGH PRAHAR’ was undertaken by formation of its spearhead Armoured Division and aptly showcased the variety of equipment, innovativeness of commanders, jointmanship, professional outlook and war waging potential of the DOT Division.
Exercise MEGH PRAHAR would help in testing the effectiveness of the ultra modern Tank T-90 & BMP-2 held with Indian Army in fighting across opposed river obstacle. This exercise also showcased the importance of incorporating the Third dimension in bridging the gap of an obstacle and helping in capture of depth obstacle by a mechanized formation. The war preparation & effectiveness of Strike 1 was proved beyond doubt during the exercise.
The demonstration was witnessed by Lt Gen Shokin Chauhan, General Officer Commanding, Strike 1 and many other senior dignitaries of Army. During interaction with media the General Officer dwelled upon the conduct of the exercise and reaffirmed the highest degree of operational preparedness of Strike 1 in all facets of war fighting.
The Union Government has started the operation ‘Sankat Mochan’ to evacuate Indian citizens stranded in South Sudan’s capital Juba. The operation is being undertaken by Indian Air Force (IAF) and will be headed by Union Minister of State (MoS) for External Affairs General (Retd.) VK Singh.
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