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Current Affairs for 8 April and 9 April 2019

INTERNATIONAL NEWS

BANKING AND ECONOMY

APPOINTMENTS

AWARDS

IMPORTANT DAYS

SPORTS

MISCELLANEOUS

 

NATIONAL NEWS

  1. Jashn-e-Ittihaad’, a music and poetry festival, was held at the Jamia Milia Islamia central university in New Delhi to spread awareness about unity amongst the youth.

 

  1. Around 5000 Konyak Naga women in their traditional attire attempted to set a Guinness World Record for the ‘Largest Traditional Konyak Dance’.
    • The programme was organized at Mon (Nagaland) during the Aoleang Monyu festival.
    • The theme of this year’s Aoleang, also called Mini Hornbill festival, was ‘Empowering women for cultural heritage.’

 

  1. Guwahati Railway Station has become the first railway station in Indian Railways to get an ISO (International Organisation for Standardisation) certification from the National Green Tribunal (NGT).
    • Reason – “providing passenger amenities in a clean and green environment”.

 

  1. The Meteorological Department issued a Yellow weather warning for rain in Himachal Pradesh.

Green (All is well):

No advisory is issued

Yellow (Be aware):

Severely bad weather is possible over the next few days

Amber (Be prepared):

Likelihood of extremely bad weather

Red (Take action):

Extremely bad weather is expected

 

  1. The Competition Commission of India (CCI) has approved the proposal of Larsen and Toubro (L&T) to acquire up to 66.15 percent stake in the Bengaluru-based IT services firm Mindtree.

 

  1. A new study from the Research Institute for Compassionate Economics (I.C.E) shows that 85% of Ujjwala beneficiaries in rural Bihar, Madhya Pradesh, Uttar Pradesh still use solid fuels for cooking, due to financial reasons as well as gender inequalities.

 

  • The survey was conducted in late 2018, covered a random sample of 1,550 households in 11 districts of the four States, which collectively have two-fifths of the country’s rural population.
  • Pradhan Mantri Ujjwala Yojana is a scheme of the Ministry of Petroleum & Natural Gas for providing LPG connections to women from Below Poverty Line (BPL) households.

 

  1. As per the National Institutional Ranking Framework released by the Ministry of Human Resources Development, Indian Institute of Technology-Madras (IIT-M) has emerged as the best educational institution in the country.
    • Indian Institute of Science-Bangalore and IIT-Delhi ranked at the second and third position respectively.
    • Parameters – Teaching, Learning & Resources, Graduation Outcomes, Research and Professional Practice, Outreach & Inclusivity and Perception

 

Overall

 

Universities

 

Engineering

 

Management

INTERNATIONAL NEWS

  1. The United States is designating Iran’s elite military force, the Islamic Revolutionary Guard Corps (IRGC), a terrorist organisation.
    • The Islamic Revolutionary Guard Corps was formed after the 1979 Islamic revolution with a mission to defend the clerical regime.

 

  1. London became the first city in the world to implement a special Ultra Low Emission Zone (ULEZ) that would charge an entry fee for older vehicles if they do not meet the emission standards.
    • The ULEZ will be operational for 24 hours and seven days a week.
    • Daily charge would be paid by vehicles if they do not meet the emission standards (petrol-run vehicles that do not meet Euro 4 standards and diesel-run vehicles that do not meet Euro 6).

BANKING AND ECONOMY

  1. India is negotiating with the Netherlands to amend the Bilateral Tax Treaty on matters of capital gains taxation.
    • Under India’s ‘Agreement for Avoidance of Double Taxation and prevention of fiscal evasion with Netherlands’, investments by Dutch firms get exemption from capital gains when shares in Indian companies are sold, subject to certain riders.
    • The unlisted shares of an Indian company are taxable in India –

When the shares derive value from possession of real estate in India other than what is used for business.

Taxation of capital gains in India is allowed when 10% or more of an Indian firms’ shares are sold to an Indian resident, but this comes with a big exception—such capital gains may be taxed in Netherlands if the sale is part of a corporate restructuring.

 

  • India has a comprehensive DTAA agreement with Mauritius wherein the capital gains arising from the sale of shares are taxable in the country of residence of the shareholder and not in the country of residence of the company whose shares have been sold.

 

  1. As per World Bank, India’s GDP growth is expected to accelerate moderately to 7.5 per cent in Fiscal Year 19-20.
    • The real GDP growth is estimated at 7.2 per cent in FY18/19.

 

  1. SEBI in first-of-its-kind move has approved an ‘Airport’ specific fund.
    • Name – Taking Off To The Future Airport Fund’
    • It can an raise a capital of up to Rs 10,000 crore ($1.5 billion) and has been approved as a ‘Category II Alternative Investment Fund’ (AIF).
    • Sponsor and Investment manager of the fund – Chennai-based ‘Taking Off To The Future Investment Management LLP’
    • Investors would start getting returns from the fund from the third year.

Category I

 

Mainly invests in start- ups, SME’s or any other sector which Govt. considers economically and socially viable

Category II

These include AIF such as private equity funds or debt funds for which no specific incentives or concessions are given by the government or any other Regulator

Category III

AIF such as hedge funds or funds which trade with a view to make short term returns

APPOINTMENTS

  1. Justice Pradeep Nandrajog was sworn in as the Chief Justice of Bombay high Court.
  2. Graham Reid has been appointed as the India’s 26th Chief Coach for the Hockey Team.

IMPORTANT DAYS

  1. The 4th of April is marked as the 75th anniversary of the Battle of Kohima fought between the Allied Forces and the Japanese Army on the Naga Hills in 1944.

AWARDS

  1. Tata Steel has been named as the ‘Global Slag Company of the Year’ at the 14th Global Slag Conference and Exhibition 2019.
    • For its innovative practices in development of new applications for Steel by-products (Slag).

SPORTS

  1. Isaak Hayik, 73-year-old Israeli, set a new world record as the world’s oldest person to play in a professional soccer match.
    • Previous record holder was 53 years old Uruguayan Robert Carmona who was played a professional match in 2015.

 

  1. The 2019 Malaysia Open (Badminton) was held at Axiata Arena in Malaysia.
    • It is officially known as the CELCOM AXIATA Malaysia Open 2019.

Men’s Singles:

Lin Dan (China)

Women’s Singles:

Tai Tzu-ying (Taiwan)

Men’s Doubles:

Li Junhui & Liu Yuchen (China)

Women’s Doubles:

Chen Qingchen & Jia Yifan (China)

MISCELLANEOUS

  1. Amicus curiae, Jacob P. Alex was appointed by the Kerala High Court to assist it in flood-related cases.
    • The report has been submitted to the Kerala High Court.
    • An Amicus Curiae is someone who is not a party to a case assists a court by offering information.

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