Current Affairs - September, 2020

Highlights of September 26 meeting of the Quad Grouping

Senior officials from the Foreign Ministries of the Quad group of countries met virtually on September 26, 2020. This meeting was held during the United Nations high level week. This was a part of their periodic consultations on the Indo-Pacific region. Key Facts In the virtual meet, ongoing and proposed practical cooperation in the areas Read More…

India-Japan Maritime Bilateral Exercise- JIMEX 2020 Commenced today

Fourth edition of India-Japan Maritime bilateral exercise (JIMEX) began in North Arabian Sea from September 26, 2020. It will be conducted for three days. In the light of COVID-19 restrictions, the exercise is being conducted in a ‘non-contact at-sea-only format’ this year. JIMEX- 2020 JIMEX 2020 will showcase high degree of inter-operability and joint operational Read More…

What is Positive Pay System for Cheques Payments?

The Reserve Bank of India has introduce  a “Positive Pay System”  that will come into effect from January 2021. The system has been launched to make the cheque payment more secure. The system will make mandatory to re-confirm key details of cheques for the payments beyond Rs 50,000. Key facts As per the new system, Read More…

Vodafone Vs India Case: Vodafone won tax case against India at International Arbitration Tribunal

Vodafone Group has won the tax case against India at the  international arbitration Tribunal over retrospective tax demand of ₹20,000 crore including the capital gains tax and withholding tax. The Permanent Court of Arbitration has ruled that conduct of Income Tax Department is breach of fair and equitable treatment. Key Facts DMD Advocates represented Vodafone Read More…

CBDT Launched Faceless Income Tax Appeals

The Central Board of Direct Taxation (CBDT) has launched the faceless income tax appeals today on September 25, 2020. The Announcement was made by the Prime Minister Narendra Modi on the birth anniversary of Pandit Deen Dayal Upadhayay. He made his statement during the launch of Faceless Assessment and Taxpayers’ Charter under the “Transparent Taxation Read More…