NATIONAL UPDATES:
1.
CBDT signs 7 advance pricing agreements to cut
tax litigation with Indian taxpayers:
The Central
Board of Direct Taxes (CBDT) has signed seven Unilateral Advance Pricing
Agreements (APAs) with Indian taxpayers in a moving design to reduce tax
litigation.
2.
Parliament passes Regional Centre for Biotechnology Bill, 2016: The bill seeks to establish a Regional Centre for
Biotechnology, an institution of education, training and research, under the
auspices of United Nations Educational, Scientific and Cultural Organization
(UNESCO) in the National Capital Region. It also confers upon it the status of
an institution of national importance.
3. Rs 28,000 crore released under MGNREGA: The Centre has released more than Rs. 28,000
crore so far this year to States under MGNREGA to clear the last year’s
liabilities and for running the programme in the on-going year.
4. Herbalife associates
with IOA as Nutrition Partner: Herbalife International India, a global premier
nutrition company, has entered into a two-year exclusive partnership with
Indian Olympic Association to be the official nutrition sponsor of the Indian
Olympic contingent to Rio De Janeiro.
5. Dabur acquires South African cosmetic firm Discaria
Trading: Homegrown FMCG major Dabur has stated that it has
acquired South Africa-based Discaria Trading (PTY) Ltd for an undisclosed
amount. The South Africa based firm is engaged in manufacturing and trading of
cosmetics.
6.
Tata STRIVE skill
development centre launched in Hyderabad:Tata STRIVE, an initiative of Tata Community
Initiatives Trust, has been launched its first Skill Development Centre (TSSDC)
centre. The centre will equip the youth in the State with skills in BPO,
banking, financial services, insurance and retail industries to make them
employable. The 17,000-sq ft facility in Kukatpally was inaugurated by
Telangana IT and Industries Minister KT Rama Rao.
7. Odisha-born
bureaucrat GuruprasadMohapatra appointed as chairman of AAI.
8. Navjot Singh Sidhu
resigns as RajyaSabha MP: Navjot
Singh Sidhu, former Indian cricketer and Member of Parliament has resigned from
his RajyaSabha seat on the first day of the Monsoon Session. Sidhu’s
resignation was accepted with immediate effect by RajyaSabha Chairman Hamid
Ansari.
INTERNATIONAL
UPDATES:
1.
NASA announces discovery of
104 new planets outside solar system:
NASA has
announced the discovery of 104 new planets outside our solar system including
four that could have Earth-like, rocky surfaces. Scientists discovered the
exoplanets in Hawaii using Kepler space telescope.
2.
SpaceX launched space
station docking port: US space firm SpaceX has launched supplies to the International Space
Station, including a crucial docking port for future American commercial crew
vehicles. The SpaceX Dragon cargo spacecraft lifted off on the company's Falcon
9 rocket on time from Cape Canaveral Air Force Station in Florida.
3.
World Bank Group appoints
Paul Romer as Chief Economist: World Bank Group President Jim Yong Kim has appointed Paul
Romer as World Bank Chief Economist with effect from September 2016. Romer is a
widely respected economist and a successful entrepreneur.
3.
Malcolm Turnbull sworn in
as Australia’s PM.
OTHER
UPDATES:
FINANCE/BANKING:
1. Government allocates Rs 22,915 crore capital to
13 PSU banks for FY17: The Narendra Modi government has allocated Rs 22,915 crore capital to
meet the capitalization needs of 13 Public Sector Banks (PSBs) in the current
fiscal. This is in line with its Indradhanush initiative, aimed at restoring
banking sector health. The maximum capital infusion will be for State Bank of
India (SBI) at Rs 7,575 crore and the least for Allahabad Bank at Rs 44 crore.
SPORTS:
2.
Pakistan’s Yasir Shah scales number one spot in ICC Test Rankings: Wrist spinner Yasir Shah has scaled the number
one spot in the ICC Test rankings becoming the first Pakistani bowler to do so
since Mushtaq Ahmed in December 1996.
OBITUARIES:
No comments:
Post a Comment