Current Affairs for Single Line
winner of the 2016 Davis Cup is - Argentina
Dictionary.com’s Word of the Year for 2016 is - Xenophobia
author of the book titled ‘Conflicts of Interest: My Journey through India's
Green Movement’ is - Sunita Narain
Mohan Singh, Union Agriculture and Farmers Welfare Minister, launched
e-Pashuhaat portal to - connect breeders and farmers regarding availability
of bovine germplasm
village in Gujarat that recently earned the tag of becoming India’s first
digital village in India is – Akodara
appointed as Director of Lal Bahadur Shastri National Academy of
Administration- Upma Chawdhry
that will organise the first underwater festival of India- Pune
that launched contactless debit card based on Near Field Communication (NFC)
technology- South Indian Bank
that tied-up with Gujarat State Road Transport Corporation (GSRTC) to digitise
payment of bus tickets for its customers- YES Bank
appointed as the Director-General of Military Operations (DGMO) recently- Lt-General A K Bhatt
Indian Dairy brand to debut online through Amazon in the United States- Amul
state will be the first-ever in India to go completely cashless- Goa
47th International Film Festival of India (IFFI) was held in- Goa
Golden Peacock for ‘Best film’ at the 47th IFFI went to- Daughter
ICFT- UNESCO Gandhi medal was awarded to Turkish drama film- Cold of
Bill that amends the Income Tax Act, 1961 and seeks to impose a higher rate of
tax and penalty in respect of undisclosed incomes is - Taxation
Laws (Second Amendment) Bill, 2016
Paradip Port introduced (RFID) Access
Paradip Port has introduced the modern Radio-frequency identification (RFID) Access Control System
for controlling and tracking the entry and exit of vehicular as well as
human traffic into and out of its prohibited area. The implementation of the
system was done as per the directives of the Ministry of Shipping.
Paradip Port is the first among all Major
Ports to have successfully implemented the RFID Access Control System adding
yet another distinction to its string of achievements.
Income-Tax Amendment Bill
The Government has sought to
bring to tax all unaccounted money that was flowing into the banking system
following the demonetisation announcement on November 8. In this regard,
Finance Minister Arun Jaitley has introduced a Bill in Lok Sabha.
The Taxation Laws (Second Amendment)
Bill, 2016 proposes to amend Section 115BBE of the Income Tax Act to provide
for a punitive tax, surcharge and penalty on unexplained credit, investment,
cash and other assets.
Mantri Garib Kalyan Yojana, 2016’ (PMGKY)
An alternative Scheme namely, ‘Taxation and
Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) has
been proposed in the Bill.
India is hosting the golden
jubilee (50 years) celebrations of United Nations Commission on International
Trade Law (UNCITRAL).
The event is being hosted by the UNCITRAL
National Coordination Committee India (UNCCI) and the UNCITRAL Regional Centre
for Asia and the Pacific, with the support of the Permanent Court of
Unocoin, an Indian bitcoin
start-up, has unveiled a new app for Apple’s mobile operating system iOS and
Google’s Android platform. According to the firm, the app will allow consumers
to buy, sell, send, receive and store bitcoins, all in one place, from any
Unocoin said the implementation is
timely because bitcoin adoption is rapidly ascending in India, coupled with the
government’s decision to demonetise Rs.500 and Rs.1,000 notes.
With this, Unocoin has become the first
company in the country to offer a full-featured mobile bitcoin app. This
includes 24/7 access to real-time bitcoin market prices and instantaneous
Chief Ministers panel to study
Andhra Pradesh Chief Minister N.
Chandrababu Naidu has been nominated by the Central Government to head the sub-committee
of Chief Ministers of five States constituted to study the situation arising
out of the demonetization of big notes.
committee, after an indepth study of the situation and also after holding
parleys with the banking institutions, is expected to submit its report to the
Centre for taking required steps.
first digital village- Akodara
Akodara has earned the tag of India’s first
digital village that uses a cashless system for payments of goods and services.
Akodara is a tiny village around 90 km away
from Ahmedabad, located in Sabarkantha district of Gujarat.
The village was adopted by ICICI Bank in 2015
and made cashless by adopting digital technology.