Notes:
France has recently introduced a new “GAFA tax” – named after the large internet and technology companies viz. Google, Apple, Facebook and Amazon – to ensure the global giants pay a fair share of taxes on their massive businesses in Europe. The so-called GAFA tax targeting major digital firms comes into force on 1st January 2019. Some other EU member states such as Britain, Spain and Italy are also working on national versions of a digital tax, with Singapore and India also planning their own schemes.

Notes:
Indian pacer Jasprit Bumrah has become the highest international wicket-taker all formats in the calendar year 2018. He took 48 wickets in 9 Tests, 22 wickets in 13 ODIs and 8 wickets in 8 T20I matches. Hence, a total of 78 wickets in 2018 was taken by Bumrah. He surpassed South Africa’s Kagiso Rabada’s tally of 77 wickets to reach the milestone. While on the third position is Bumrah’s countryman Kuldeep Yadav who took 76 scalps.

Notes:
The 106th Indian Science Congress (ISC-2019) has been inaugurated by Prime Minister Narendra Modi at Lovely Professional University (LPU) in Jalandhar, Punjab from 3rd January 2019. The theme of the 5-day science congress is ‘Future India: Science & Technology’. Approx 30,000 delegates, including 300 top scientists and Nobel Laureates from across world are attending the congress. In it, around 100 plus conferences and events of scientific and technology origin will also be held, where eminent personalities from DRDO, ISRO, DST, AIIMS, UGC, AICTE, and many elite universities of the USA, UK, India and other countries will participate. The event will play a pivotal role in stimulating scientific research effort and raising the scientific temperament in the country and the world. There will also be four parallel mega events, including the children’s science conference; women’s science conference; science communicators’ meet; and, science exhibition. The exhibition will see participation from the national and international science companies, especially from the US, Australia, Germany and Switzerland.

Notes:
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the third largest bank after State Bank of India and ICICI Bank. The move will help create a strong globally competitive bank with economies of scale and enable the realization of wide-ranging synergies, leveraging of networks and low-cost deposits and substantial rise in customer base and operational efficiency. The scheme will come into effect from 1st of April this year. The pay and allowances and services of the employees of all three banks will remain same as earlier. As per the Scheme of Amalgamation, the shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1,000 shares of BoB.

Notes:
The Union Cabinet has recently approved amendment to the Trade Unions Act of 1926 to make provisions regarding Recognition of Trade Unions. The amendment provides for insertion of section 10A in the principal Act to power centre and state governments to recognize trade unions and federation of Trade Unions at Central as well as State level. The proposed bill will also provides for insertion of clause (ba) in Section 29(2) of the Act, which empowers the centre and states to make regulations for manner of recognition of trade unions and deciding disputes in this regard. After the amendment Act is passed, the manner of recognition will be prescribed in the regulations. The present act provides for only registration of trade unions. Currently, there is no provision for recognition of unions in the Act.