Current Affairs 2018 - Current Affairs Today

CBDT relaxes norms for MAT on firms facing insolvency

The Central Board of Direct Taxes (CBDT) has announced to relax norms around levy of minimum alternate tax (MAT) for insolvent companies from financial year 2017-18. The purpose of the move is to make the Insolvency and Bankruptcy Code, 2016 more effective and minimise hardship faced by companies going in for insolvency resolution. ContentsMinimum alternate Read More…

Flamingo festival held at Pulicat lake in Andhra Pradesh

The three-day annual Flamingo Festival was held at Pulicat lake and Nelapattu Bird Sanctuary in Sullurpet mandal. Flamingo Festival is held every year to promote tourism in Pulicat and Nellapattu. ContentsKey FactsNelapattu Bird SanctuaryPulicat lake Key Facts Flamingo Festival is being organised for the past 12 years. Migratory birds from Siberia have visit this place Read More…

Legendary astronaut, moonwalker John Young passes away

Legendary astronaut of NASA John Young, who walked on the moon and later commanded the first space shuttle flight passed away in Houston, US. He was 87. He was NASA’s only astronaut to go into space as part of Gemini, Apollo and space shuttle program, and the first to fly into space six times. He Read More…

75th Annual Golden Globe Awards

The 75th Annual Golden Globe Awards honored the best in film and American television of 2017. The ceremony was organized at Beverly Hills, California, United States (US). The Golden Globe Awards are the annual awards that honour the best in Motion Pictures and American Television for the previous year. This year The Shape of Water Read More…

HRD Ministry releases All India Higher Education Survey

The Gross Enrolment Ratio (GER) in higher education of Indian has registered an increase from 24.5% in 2015-16 to 25.2% in 2016-17 according to latest All India Higher Education Survey (AIHES) released by HRD Ministry. The survey findings were based on responses of 795 universities, 34,193 colleges and 7,496 standalone institutions. There are total of Read More…

Forex Reserves scale record high of $409.366 billion in December 2017

According to Reserve Bank of India (RBI), India’s foreign exchange (Forex) reserves have scaled to fresh record high of $409.366 billion as on December 29, 2017. The surge was due to massive spike in foreign currency assets, which is key component of the reserves. ContentsForex ReservesKey Facts Forex Reserves The forex are reserve assets held Read More…

Atal Pension Yojana reaches subscriber base of 80 lakh

The Pension Fund Regulatory and Development Authority of India (PFRDA) has announced that Atal Pension Yojana (APY) run by it has reached a subscriber base of 80 lakh and is growing at good pace. Uttar Pradesh is the highest contributing state at 11.41 lakh APY subscribers, followed by Bihar (8.87 lakh) and Tamil Nadu (6.60 Read More…

Income Tax Department launches on-line chat service

Income Tax (IT) Department under the Union Finance Ministry has launched an on-line chat service on its national website www.incometaxindia.gov.in with a prominent icon stating ‘Live Chat Online- ask your query’. It was announced by Minister of State (MoS) for Finance, Shiv Pratap Shukla while replying in the Lok Sabha. Since its launch in October Read More…