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Jun 25, 2016

[CA] Important Points @ Glance: Part 13

Important Points @ Glance: Part 13


v The World Day Against Child Labour was observed across world on 12 June to bring awareness against child labour. The observance seeks to bring together governments, employers and workers organizations, civil society, as well as millions of people from around the world to highlight the plight of child labourers and what can be done to help them. 2016 Theme: ‘End child labour in supply chains – It’s everyone’s business.’

v India’s solar dome project has been nominated for display in the Astana Expo 2017 that will be held in Kazakhstan. Prime Minister Narendra Modi has announced India’s participation in ‘Expo 2017 Astana’ during his visit to Kazakhstan. The main Theme of the Expo is to showcase cutting edge technologies. The subtitle for the Exhibition is ‘Reducing Co2 emission‘.

v India and Ghana have signed three bilateral agreements to strengthen co-operation in varied fields. The three agreements signed with Ghana include one for visa waivers for holders of diplomatic and official passports and one for setting up a Joint Commission. The commission will periodically review various aspects of the multi-dimensional relationship between the two countries. India is the largest foreign investor in Ghana today, with more than 700 projects. More than 222 of these projects are in the manufacturing sector. Bilateral trade between India and Ghana has increased to $1.2 billion from $538 million in 2010.

v Norwegian Parliament has pledged to make government’s public procurement policy deforestation-free. With this, Norway has become the first country in the world to prohibit deforestation.

India and Cote D Ivoire have inked an agreement to re-establish the headquarters of the Exim Bank in Abidjan after a gap of nearly two decades. The agreement was inked in the presence of the Presidents of India and Cote D Ivoire — Pranab Mukherjee and Alassane Ouattara. Cote D’Ivoire (also known as Ivory Coast), a francophone country, is the biggest producer and exporter of cashew nuts to India which procures nearly 80% of their total exports. It also leads the world in production and export of the cocoa beans used in the manufacture of chocolate, supplying 33% of cocoa produced globally. Meanwhile, President Pranab Mukherjee has been accorded the highest honour of Cote D’Ivoirie by its President Alassane Ouattara on his maiden visit here.

v In a first, an instrument onboard an orbiting spacecraft has measured the methane emissions from a specific leaking facility on Earth’s surface. The observation — by the Hyperion spectrometer on NASA’s Earth Observing-1 (EO-1) — is an important breakthrough in our ability to eventually measure and monitor emissions of this potent greenhouse gas from space.

v At the recently held the two-day Rajasva Gyan Sangam, Prime Minister Narendra Modi has asked senior tax officials to aim for widening the tax net from the present 5.4 crore households to 10 crore households — all non-agricultural income households — mainly, by changing their attitudes towards taxpayers. He has given a five-point charter to tax administrators embodied in the word ‘RAPID.’ These are: revenue, accountability, probity, information and digitisation. In India, while nearly 92% of India’s tax revenue comes from self-assessments, advance tax payments and tax deducted at source, the 42,000 taxmen raise barely 8% through assessments and scrutiny of returns. PM has also asked the officers to ensure their behaviour is soft and sober and change their attitude so that the fear of harassment is erased from the minds of taxpayers.

v State Bank of India has floated a Rs.200 crore fund to assist start-ups in the fintech space. The fund named ‘IT Innovation Start-up Fund’ will consider assistance of up to Rs.3 crore to a firm registered in India for promoting their business innovations using technology in financial services.

v The government has approved proposal to set up a Central Marine Police Force to protect sea, coasts, ports and vital institutions along 7,516-km national coastline. The detailed structure, operations and modalities of the force will be worked out in the coming weeks. The decision to have a central command for Marine Police elicited support from all ministers and officials from across states and Union territories participating in the marathon meeting.

Bengaluru’s Indian Institute of Science (IISc) is among the top 30 Asian universities in the 2016 Times Higher Education (THE) Asia University Rankings. This is the first time an Indian university has made it to the top 30, with IISc in 27th place. Eight Indian institutions are among the top 100 on the list and India has the most institutions overall among the top 200 South Asian universities list of THE. The other Indian universities in the top half of the ranking include the Indian Institutes of Technology in Bombay (43rd), Kharagpur (51st), Delhi (60th), Madras (62nd), Roorkee (65th), and Guwahati (joint 80th) and Jadavpur University in joint 84th place. Also, for the first time Singapore took the first two spots with the National University of Singapore and Nanyang Technological University in first and second place, respectively.






Important Points @ Glance: Part 2

Important Points @ Glance: Part 3

Important Points @ Glance: Part 4

Important Points @ Glance: Part 5

Important Points @ Glance: Part 6

Important Points @ Glance: Part 7

Important Points @ Glance: Part 8

Important Points @ Glance: Part 9

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