Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

Ministry of Corporate Affairs, CBDT ink MoU for Automatic and Regular Exchange of Information

The Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have signed Memorandum of Understanding (MoU) for automatic and regular exchange of tax information.

The purpose of the MoU is to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies for various illegal purposes,

Key Facts

The MoU will facilitate sharing of data and information between MCA and CBDT on automatic and regular basis. It will enable sharing of specific information such as Permanent Account Number (PAN) data of corporates, financial statements filed with Registrar by corporates, Income Tax returns (ITRs) of corporates, returns of share allotments, audit reports and statements of financial transactions (SFT) received from banks relating to corporates.

The MoU will ensure that both MCA and CBDT have seamless PAN-DIN (Director Identity Number) and PAN-CIN (Corporate Identity Number) linkage for regulatory purposes. The information shared will pertain to both Indian corporates as well as foreign corporates operating in India.

In addition to regular exchange of data, CBDT and MCA will also exchange with any information available in their respective databases with each other, on request, for purpose of carrying out scrutiny, inspection, investigation and prosecution.

Under the MoU, Data Exchange Steering Group also has been constituted for initiative, which will meet periodically to review data exchange status and take steps to further improve effectiveness of CBDT and MCA.

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Government to grant citizenship to Chakma, Hajong refugees

The Union Home Ministry will soon grant citizenship to nearly one lakh Chakma and Hajong refugees, who came from erstwhile East Pakistan (now Bangladesh) five decades ago and are living in northeast.

Government’s decision comes in line with Supreme Court order in 2015 in this regard. The apex country had directed Union government to grant citizenship to these refugees, mostly staying in Arunachal Pradesh.

Chakmas,Hajongs

Chakmas and Hajongs were originally residents of Chittagong Hill Tracts in erstwhile East Pakistan. They had fleed their homeland after it was submerged by Kaptai dam project in 1960s. Chakmas are Buddhists by faith and Hajongs are Hindus. They had faced religious persecution in East Pakistan and entered India through the then Lushai Hills district of Assam (now in Mizoram). Later, Union Government had shifted majority of them to North East Frontier Agency (NEFA), which is now Arunachal Pradesh. Since then, their numbers have gone up from about 5,000 in 1964-69 to 1 lakh. At present, they don’t have citizenship and land owning rights but are provided basic amenities by Arunachal Pradesh Government.

Supreme Court Order

In 2015, the Supreme Court had given deadline to Union Government to confer citizenship to these refugees within three months. Later, Arunachal Pradesh Government moved to top court against the order. However, the apex court rejected Arunachal Pradesh Government’s plea. Since then state and the Centre began consultations on the issue.

Opposition to citizenship

Several organisations and civil society in Arunachal Pradesh are opposing granting citizenship to refugees saying it would change demography of state and would reduce indigenous tribal communities to minority and deprive them of opportunities. The Union Government is trying to find workable solution by proposing that these refugees will not be given rights to own land, which are exclusively enjoyed by Scheduled Tribes in Arunachal Pradesh. However, Government may be given Inner Line permits (required for non-locals to travel and work in three states Arunachal Pradesh, Mizoram and Nagaland).

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