Daily Current Affairs Quiz: May 06, 2021

Notes:
Justice (retired) Prafulla Chandra Pant, who is a member of the National Human Rights Commission (NHRC), has been appointed its Acting Chairperson with effect from April 25 2021.
Prior to his appointment as NHRC member, he was a Judge of the Supreme Court from 2014 to 2017. He had also held the position of Chief Justice of the High Court of Meghalaya from 2013 to 2014.

Notes:
The Indian armed forces have launched operation “CO-JEET” to support anti-COVID-19 efforts of the country.
It aims to strengthen medical infrastructure and oxygen supply chains and to ensure mental wellbeing of people. The personnel of the Army, the Air Force and the Navy have been engaged to help restore oxygen supply chains, set up COVID beds and provide help to the administration.

Notes:
Padma river is main distributary of the Ganges, which forms the western boundary between India and Bangladesh before it enters Bangladesh.
Recently, a ferryboat with over 30 passengers overturned after hitting a sand-laden cargo vessel in the Padma River. At least 26 people dead in the accident occurred at the old Kanthalbari ferry terminal of Bangladesh.

Notes:
Significant Economic Presence (SEP) principle was introduced in the Finance Bill 2018-19. It widened the scope of ‘business connection’ to include download of data or software, if aggregate payments from such transactions exceed a prescribed amount, or a prescribed number of users.
India recently notified a revenue threshold of Rs 2 crore and a limit of 300,000 users for non-resident technology firms such as Google, Facebook, to pay tax in India.

Notes:
India and UK announced 1 billion pounds (USD1.4 billion) of private-sector trade and investment. It also includes a 240 million pounds investment by the Serum Institute of India
The Serum Institute, in collaboration with Codagenix, has begun early-stage trials of a one-dose nasal vaccine against Covid-19. Trade between the India and UK accounts for about 23 billion pounds annually.