CBDT sets up panel to recommend steps to reduce litigation

In an unprecedented move, the Central Board of Direct Taxes (CBDT)set up a six-member panel to examine the “efficacy” of the existing primary litigation mechanism in the Income Tax (IT) Department. The step has been taken in the wake of ..

Month: Current Affairs - July, 2014

German World Cup-winning captain Philipp Lahm retires

Philipp Lahm, the captain of Germany’s football team, announced his retirement from international football. His retirement announcement comes just five days after Germany led by him bagged its fourth football World Cup defeating Argentina in the final of the 2014 ..

Month: Current Affairs - July, 2014

Category: Sports Current Affairs

Typhoon Rammasun (Glenda) hits Philippines

Even as the Philippines was trying to recover from the destruction caused by super typhoon Haiyan last year, another typhoon Rammasun smashed large parts of the Philippines killing one person and forcing hundreds of thousands to take shelter in evacuation ..

Month: Current Affairs - July, 2014

Category: International / World Current Affairs

Malaysia Airlines aircraft MH17 crashed in Ukraine

In a tragic and shocking incident, Malaysia Airlines Flight 17 (MH17/MAS17), a commercial aircraft on its scheduled flight from Amsterdam to Kuala Lumpur, crashed in east Ukraine. It is suspected to have been shot down with a BUK surface-to-air missile. ..

Month: Current Affairs - July, 2014

Category: International / World Current Affairs

SC notice to all states and UTs on the issue of legalizing euthanasia

The Supreme Court has issued notice to all states and Union territories on a plea for legalizing passive euthanasia. The apex court issued the notice on a petition filed with it, saying the question of passive euthanasia (mercy killing) needs ..

Month: Current Affairs - July, 2014

Category: Legal & Constitution Current Affairs

Business 20 (B20) Australia Summit opens in Sydney

The business leaders of G20 countries held a meeting named Business 20 (B20) Australia Summit in Sydney. They issued a blueprint for G20 leaders to boost economic and job growth and make global economy more resilient to deal with any ..

Month: Current Affairs - July, 2014