GAAR will be effective April 1, 2017, onwards: CBDT
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ii. GAAR seeks to prevent companies from routing transactions through other countries to avoid taxes. The rules are framed mainly to minimize and check avoidance of tax. India will be the 17th nation in the world to have laws that aim to close tax loopholes. At present, GAAR is in force in nations like Australia, Singapore, China and the UK.
India ranked 79th in the Corruption Perception Index 2016
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ii.New Zealand and Denmark jointly shared the first position as the least corrupt nations while Somalia was rated as the most corrupt country in the list.
PSU oil companies, Andhra Pradesh govt ink pacts
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ii.A partnership summit organised by the Confederation of Indian Industry and the Andhra Pradesh government.
Telangana signs MoU for aero skill academy
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ii.The project deliverables include identifying skill gaps, designing courses and enabling European Aviation Safety Agency and Directorate General of Civil Aviation certifications for the academy and its courses.
Andhra Pradesh Launches Rs 100 cr fund of funds for Fintech Startups
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ii.Fintech is being seen as a promising space to generate job, thus the state has initiated an industry-academia-government partnership to tap and refine skilled talent available at cheaper costs to develop Visakhapatnam into a global fintech hub.
119 banks connected with Aadhaar-enabled payment system: Minister
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ii.Aadhaar is becoming a powerful instrument to bridge the digital divide,Ravi Shankar Prasad, Minister of Information Technology stated.He said ₹36,000 crore has been saved in the last two years due to the linking of Aadhaar with the public distribution system including household LPG supply and MGNREGA.
SBI Launches Wealth Management Product SBI Exclusif in Kochi
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ii.The product was launched by Chief General Manager, SBI, Kerala Circle, S Venkataraman.SBI Exclusif is targeted at fast growing affluent and high net worth customer segments of the bank.
ISRO successfully ground-tests Cryogenic Upper Stage engine meant for rocket GSLV-Mark-III
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ii.In a release, the space agency stated the indegenously developed engine, designated as C25, tested for a duration of 50 seconds in its Propulsion Complex at Mahendragiri in southern Tamil Nadu, demonstrating all the stage operations.
G.N. Rao to be inducted into Ophthalmology Hall of Fame
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ii.The Hall of Fame honours pioneers in ophthalmology for their distinguished careers and contributions, with the physicians selected by their peers – more than 30,000 ophthalmologists across the world.
Students’ start-up launches food pre-ordering app
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ii.Their start-up, WayFoo.com, offers a mobile app that helps students to pre-order food in three of the canteens on the NITK campus, saving them time.Gautamdev Chowdary, CEO and co-founder of WayFoo.com stated that users can order food from classrooms or hostel rooms. By the time they reach the canteen, the food will be ready.
Indian Hotels appoints Chandrasekaran non-executive Additional Director
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ii.TCS chief Chandrasekaran was named the new Chairman of Tata Sons, capping two months of a most bitter boardroom battle that followed the unceremonious sacking of Cyrus Mistry and a lot of blood letting ever since.
Indian Navy’s Theatre Level Exercise, TROPEX 17 Begins
ii.The last edition of the exercise was conducted in January 2015.TROPEX 17 exercise is aimed at testing combat readiness of the combined fleets of the Indian Navy, and the assets of the Indian Air Force, Indian Army and the Indian Coast Guard.
Surya Namaskar Yajna Recognised in US Congress
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ii.Hindu Swayamsevak Sangh has organized the “Yoga for Health, Health for Humanity Yogathon” from January 14 to January 29, 2017 to mark Makar Sankranti.The 16-day event will raise awareness about yoga and its advantages in achieving a healthy body, mind, and spirit.
Sri Venkateswara College wins Great Britain debate in Delhi
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ii.The runners up were Pratyaksha Jha and Aritro Bose of Ashoka University.
President appoints Banwarilal Purohit as Governor of Meghalaya
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ii.These appointments come after President accepted the resignation of V. Shanmuganathan, as Governor of Meghalaya and Arunachal Pradesh.
Dr Vijay Bhatkar appointed new vice-chancellor of Nalanda University
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ii.He will have term of three years from the date of his appointment as provided under Section 11(3) of the Nalanda University Act. He shall succeed George Yeo, former Foreign Minister of Singapore, who resigned after the Board of the University was reconstituted.
Scientists creates world’s first stable semi-synthetic organism
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DragonBall Z Fans Can Rejoice As Tokyo 2020 Unveils Son Goku As Olympics Ambassador
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ii.The Japanese character will feature on all the official Olympics 2020 merchandise. Apart from the Dragonball Z character, other cartoon stars that will be massively visible throughout the sporting extravaganza will be Mario,
Naruto and Sailor Moon.
Sports Ministry reconstitutes committee to identify athletes under TOP Scheme
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ii.The committee will be headed by Abhinav Bindra, Olympic Gold Medalist.