Current Affairs – January, 2017

Latest Current Affairs January, 2017 with Current Affairs, news summary on current events of National and International importance of January, 2017 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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IT Ministry urges tax incentives for PC manufacturers too

The Ministry of Electronics and Information Technology (MeitY) in its key recommendations for Union Budget 2017-18, has suggested differential excise duty regime and tax exemptions to be expanded to personal computers and servers.

Ministry’s suggestions were as per the Phased Manufacturing Roadmap, it had worked out in consultation with the NITI Aayog.

Recommendations for Budget
  • Retain differential excise duty regime and tax exemptions granted for the manufacture of mobile handsets and tablets, under the impending GST regime, to boost domestic manufacturing of electronic products.
  • The current differential duty makes imports of mobile handsets more expensive compared with making them locally, encouraging smartphone players to set up manufacturing units in India.
  • Specified capital goods for the manufacture of electronic goods be exempted from basic customs duty and countervailing duties to increase the competitiveness of the Indian electronics Industry.
  • Specified key raw materials and inputs for the boosting manufacture of LCD and LED panels should be permitted at 0% customs duty.
  • Extension of income tax benefit for research and development (R&D) to software products and the chip design industry. The proposal is expected to boost the generation of intellectual property in the country.

Month: Categories: Business, Economy & Banking

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Vampire star caught in the act by ASTROSAT

India’s first dedicated space observatory, ASTROSAT has captured the rare phenomenon of a small six-billion-year-old vampire star preying on a bigger celestial body.

The vampire star phenomenon is observed when smaller star sucks material (mass and energy) out of the bigger companion star, causing its eventual death.

It is also called a blue straggler as small star becomes bigger, hotter and bluer, giving it the appearance of being young, while the ageing companion burns out and collapses to a stellar remnant.

About ASTROSAT

  • Astrosat is India’s first dedicated multi-wavelength space observatory launched in September 2015. It is one of the major scientific missions of ISRO after the highly acclaimed Chandrayaan-I and Mangalyaan.
  • It is placed at low earth equatorial orbit at altitude of 650 km. It has ability to observe celestial bodies like cosmic X-Ray sources and distant stars in different wavelengths simultaneously.
  • It can observe the universe through ultraviolet, optical, low and high energy X-ray components of the electromagnetic spectrum. It has mission life of 5 years.
  • Its successful launch made India member of select elite group of nations comprising US, Japan, Russia and Europe having its own space observatory.

Month: Categories: Science & Technology

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