Daily Current Affairs Short Updates: April 4, 2017
Daily Current Affairs Short Updates for April 4, 2017 with important tid-bits on current affairs.
Tax Evasion over Rs 5 crore is a non-bailable offence under GST Regime
Under the Central GST (CGST) Act, tax evasion of over Rs 5 crore under the GST regime will be cognizable and non-bailable offence with the police having authority to make an arrest without a warrant. If a person is arrested for a non-cognizable and bailable offence, the Deputy/ Assistant Commissioner of CGST/SGST can release him on bail and he will be subject to the same provisions as an officer in-charge of a police station under section 436 of the Code of Criminal Procedure, 1973. The government has set ambitious target date of July 1, 2017 for roll out of the GST, which will subsume indirect taxes such as central excise, service tax, VAT and other local levies.
India, UK to set up Green Growth Equity Fund under NIIF for green energy
India and the United Kingdom have decided to set up a 240 million pound Green Growth Equity Fund to finance clean energy projects in India. Decision in this regard was taken at the 9th India-UK Economic and Financial Dialogue in Delhi. Both India and UK are going to make a contribution of 120 million pounds each in the fund which will focus initial investments in India’s rapidly growing energy and renewables market. The Fund will be a sub-fund of National Infrastructure and Investment Fund (NIIF) which was set up by India in 2015 to finance greenfield as well as brownfield projects and stalled projects.
Global initiative launched to fight fake news
A global alliance of tech industries and academic organisations have unveiled $14-million The News Integrity Initiative to combat the spread of “fake news”, improve public understanding of journalism, promote news literacy and build trust in journalism. The founding funders of the initiative include Facebook, Craigslist founder Craig Newmark’s philanthropic fund, Ford` Foundation, John S. and James L. Knight Foundation, Tow Foundation, AppNexus, Mozilla and Betaworks. City University of New York’s journalism school will coordinate research, projects and events. Fake news has become a serious issue in the U.S. election campaign, when clearly fraudulent stories circulated on social media, potentially swaying some voters. Concerns also have been raised since then about hoaxes and misinformation affecting elections in Europe and rise of click farms to generate revenue from online advertising using made-up news stories.
Senior IPS Officer Geeta Johari appointed as Gujarat DGP
Senior IPS Officer Geeta Johari was appointed as new Director General of Police (DGP) of Gujarat. With this, she became first woman IPS officer to be appointed as DGP of the state. She will replace P.P. Pandey – acting DGP of the state. Mrs. Johari is IPS officer of 1982 batch. Prior this appointment, she was working as Head of Gujarat Police Housing Corporation. She will retire in November 2017.
Tripura ink agreements for robust power distribution system
Tripura Government has signed two agreements with the Union Ministry of Power to enhance power supply in distribution network. The agreements will enable state to get the benefits under the Central government scheme. As per the agreements, state has accepted the provision of Ujjwal Distribution Assurance Yojana (UDAY) and Transmission Service Agreement of Union Power Ministry to upgrade the existing transmission network to reduce Aggregate Technical and Commercial Loss.
Persons in News
Prof. David R. Syiemlieh takes Oath as Chairman of UPSC
Prof. David R. Syiemlieh took the Oath of Office and Secrecy as Chairman of the Union Public Service Commission (UPSC). He was administered oath by Vinay Mittal, the senior most Member of the Commission as per clause (1) of Article 316 of the Constitution. Prof. Syiemlieh had joined the Commission as member in June 2012. Later he was appointed Chairman in January 2017. Prior to joining UPSC, he was Vice Chancellor, Rajiv Gandhi University, Itanagar. He has held many important positions in various policy making, academic and administrative bodies. He has also has authored several books and publications. He was awarded Senior Fulbright Fellowship in 1999.
BP Kanungo takes over as RBI Deputy Governor
BP Kanungo took over as the Deputy Governor of the Reserve Bank of India (RBI) in Mumbai. He was appointed by Government in March 2017 for a period of three years. Prior to this appointment, he was holding the position of Executive Director of RBI. Earlier he had worked in several functional areas of the banks such as foreign exchange management, banking and non-banking supervision, currency management, government and bank accounts and public debt. He also had served as the head of regional offices of RBI at Jaipur and Kolkata besides holding the position of the Banking Ombudsman for Madhya Pradesh and Chhattisgarh.
Renowned Hindustani classical vocalist Kishori Amonkar passes away
Renowned Hindustani classical vocalist Kishori Amonkar passed away. She was 84. She was recognised as one of the foremost singers in the Hindustani tradition and as an innovative exponent of the Jaipur gharana. She was born on April 10, 1932. She had learned classical music from her mother Mogubai Kurdikar who was the well-known vocalist. She also had developed her own personal style, which reflected the influence of other gharanas and was generally regarded as an individual variant of the Jaipur tradition. She was primarily known for her skillful singing of classical khayals set in the traditional ragas of Hindustani music, but also performed the lighter classical genres of thumri, bhajans and film music. She was awarded the Padma Bhushan (1987) and Padma Vibhushan (2002) and became fellow of Sangeet Natak Akademi (2010).
19th commonwealth forestry conference held in Uttarakhand
The 19th Commonwealth Forestry Conference was held at Forest Research Institute, Dehradun, Uttarakhand. This is for the second time India hosted the conference after it was hosted for first time in 1968. Scientists and experts from 49 member countries of the Commonwealth had participated in it. They focused issues on biodiversity conservation and management, livelihood and economic security from forests, diversification, multiple uses and sustainable harvest, forest and climate change. They also shared their ideas and researches on ‘Forests for Prosperity and Posterity’ in consonance with Aichi targets of the UN Convention on Conservation of Biological Diversity (UNC-CBD) and Sustainable Development Goals.
Categories: Daily Current Affairs