Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

CBDT signs 2 more APAs with taxpayers

The Central Board of Direct Taxes (CBDT) has signed two more advance pricing agreements (APAs) in September 2017 with Indian taxpayers in order to reduce litigation by providing certainty in transfer pricing.

The two signed APAs pertain to automobile and healthcare consulting sectors. They include provision of IT enabled services (ITES), provision of software development services and provision of engineering design services.

With this, total number of APAs entered into by CBDT till date has reached 177. This includes 164 unilateral APAs and 13 bilateral APAs. So far, in current financial year, total of 25 APAs (2 bilateral and 23 unilateral) were signed.

Advance Pricing Agreements (APAs)

CBDT’s APA scheme aims to provide certainty to taxpayers in domain of transfer pricing by specifying methods of pricing and setting prices of international transactions in advance. It helps in determining arm’s length price of international transactions in advance for maximum period of five future years.

The APA provisions were introduced in Income Tax Act in 2012 and `rollback` provision to pull out of it was introduced in 2014. Its objective is to strengthen government`s resolve of fostering non-adversarial tax regime. Under Bilateral APA, certainty in tax treatment is provided for next 5 years while rollback provides dispute redressal for maximum of four past years preceding APA years.

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Gauri Lankesh becomes first Indian to win Anna Politkovskaya Award

Late Kannada journalist Gauri Lankesh awarded a prestigious Reach All Women in WAR (RAW in WAR) Anna Politkovskaya Award. She will share this award with Gulalai Ismail, a Pakistani peace activist who has faced death threats for speaking out against Taliban.

With this Gauri Lankesh becomes first person from India to receive this prestigious honour. She was a strident critic of religious extremism and was shot dead on September 5, 2017 in Bengaluru, Karnataka.

Gauri Lankesh

Lankesh had worked as an editor in Lankesh Patrike, a Kannada weekly started by her father P. Lankesh, and ran her own weekly called Gauri Lankesh Patrike. She was an outspoken newspaper editor and often wrote about religious violence, malaise of India’s hierarchical caste system and criticised the rise of hardline Hindu groups.

Anna Politkovskaya Award

Anna Politkovskaya Award is given in memory of slain Russian reporter and political activist Anna Politkovskaya, a Russian investigative reporter and activist who uncovered state corruption and rights abuses, especially in Chechnya. It is presented annually by Reach All Women in War (the RAW in WAR organisation) and honours women human rights defenders from around world. This year marks 11th anniversary of killing of Anna Politkovskaya who was shot dead in lobby of her Moscow apartment block at age of 48 on October 7, 2006. RAW in WAR is a London-based, non-governmental organisation (NGO) supporting women human rights defenders and victims of war.

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