Current Affairs Quiz - August, 2019

Notes:
The task force, headed by CBDT member Akhilesh Ranjan, constituted by the Union government for drafting the new Direct Tax Code (DTC) has recently submitted its report to Union Minister of Finance and Corporate Affairs Nirmala Sitharaman. The task force was constituted to replace the 6-decades-old Income Tax Act 1961. It is believed that the task force has suggested changes in the slab for personal income tax & corporate tax. At present, the personal income tax structure has 3 categories — for people below the age of 60, for people above the age of 60 but less than 80, and the third for people of 80 years and above. Currently, companies with turnover up to Rs 400 crore attract tax at the rate of 25%. This covers 99.3% of all the companies registered. Now, the report is expected to be placed in Parliament as a part of Union Budget 2020-21.

Notes:
Environmental NGO Greenpeace has recently released an analysis of a National Aeronautics and Space Administration (NASA) Ozone Monitoring Instrument (OMI) satellite data. as per country-wise world rankings, India is the world’s largest emitter of Sulphur Dioxide (SO2) as it has the maximum hotspots. It contributes more than 15% of all anthropogenic SO2 hotspots in the world. The major SO2 emission hotspots in India are Singrauli in Madhya Pradesh, Neyveli and Chennai in Tamil Nadu, Talcher and Jharsuguda in Odisha, Korba in Chhattisgarh, Kutch in Gujarat, Ramagundam in Telangana and Chandrapur and Koradi in Maharashtra. According to report, the vast majority of plants in India lack Flue-Gas Desulfurization (FGD) technology to reduce their air pollution. Individually, the Norilsk smelter complex in Russia is the largest SO2 emission hotspot in the world, followed by Kriel in Mpumalanga province in South Africa and Zagroz in Iran. Singrauli in Madhya Pradesh is at 5th position.

Notes:
President Ram Nath Kovind has recently inaugurated thematic underground British-era Bunker turned Museum inside the Raj Bhavan at Malabar Hill in Mumbai. The 15,000 sq.ft museum has Virtual Reality Booths (VRBs) in which visitors can “time travel” to the 19th century when the bunker was created to fire cannons at approaching enemy ships. The history of Raj Bhavan has also been depicted in another section. In 2016, the British-era bunker was discovered by Governor Ch. Vidyasagar Rao. It is made up of 13 rooms such as Shell Store, Gun Shell, Cartridge Store and Central Artillery Store. The underground passage has a proper drainage system and inlets for fresh air and light. The bunker dates back to the pre-World War I era and is believed to have been an asset of the battery stationed near the coast to defend Bombay Castle from naval attacks.

Notes:
Top Indian sprinters Hima Das and Mohammad Anas have won a gold each in women’s and men’s 300m races respectively at the 2019 Athleticky Mitink Reiter event in Czech Republic. This was Hima’s 6th gold in 2019 in European races since July 2. On the other hand, Mohammad Anas won the gold clocking 32.41 seconds. India’s Nirmal Tom clinched a bronze in the same event by clocking a timing of 33.03 seconds. National record holder Anas has already qualified for 400m event for the World Championships to be held in Doha in September-October while Hima is yet to achieve it.

Notes:
On 22nd August 2019, Union Minister of State for AYUSH Shripad Yesso Naik inaugurated the two-day National Conference on Varmam Science in Chennai, Tamil Nadu. ‘Varmam’ is a constituent of the Siddha system of medicine, that also doubles up as a martial art. The national conference is being organized by the National Institute of Siddha in Chennai.

Notes:
The Wildlife Trade Monitoring Network “TRAFFIC” has recently revealed a new report titled ‘Skin and Bones Unresolved: An Analysis of Tiger Seizures from 2000-2018’. As per new TRAFFIC analysis, India topped in the trafficking of tigers and tiger body parts over 19 years since 2000. Apart from tiger skin and bones, live tigers are also traded illegally in a number of cases. It accounted for 40.5% of total incidents (463) and 26.5% of tigers seized (626). Overall, the analysis estimated that 2,359 tigers and tiger body parts were seized during the period across 32 countries and territories globally, resulting from 1,142 seizure incidents. Around 95% of these seizures were recorded in countries that are home to tigers. The study was launched to coincide with discussions around the trade in tigers and other big cat species at the 18th meeting of governments that are parties to the Convention in International Trade in Endangered Species of Wild Fauna and Flora, or CITES. It must be noted here that India has the world’s largest wild tiger population. The headquarters of TRAFFIC is located in Cambridge, United Kingdom (UK).

Notes:
Union Culture and Tourism Minister Prahlad Singh Patel has recently launched the book titled – “the Diary of Manu Gandhi (1943-44)” at a function in New Delhi. The book has been brought out by National Archives of India (NAI) in collaboration with Oxford University Press on the occasion of 150th anniversary of Mahatma Gandhi. The book originally written in Gujarati language and has been edited & translated by a well known scholar Dr. Tridip Suhrud. The first volume of the book covers the period of 1943-1944. It throws light on Gandhiji’s life as a prisoner and his endeavour to establish the possibility of collective non-violence. It also chronicles the spiritual and educational pursuits of a woman who takes up writing as a mode of self examination. She shares a moving portrait of Kasturba Gandhi’s illness and death. Manu Gandhi (Mridula) was a grand niece of Mahatma Gandhi, and stayed with Gandhiji till his assassination. She was an aide to Kasturba Gandhi during her imprisonment in the Aga Khan Palace in 1943.

Notes:
Constable Monali Jadhav from Maharashtra was representing the Indian Police Force (IPF) at the recently concluded 2019 World Police and Fire Games International Championship held in Chengdu, China. She bagged the gold in target and field archery while settled for a bronze in the ‘3D Archery’ in the tournament. She also made a new record with a score of 716 out of 720 points in the game. Jadhav is attached to the Jalamb police station in Buldhana district of Maharashtra.

Notes:
The Government of India (GoI) has recently notified the Sabka Vishwas – Legacy Dispute Resolution Scheme 2019 to reduce legacy service tax and central excise cases in the pre-GST era. The scheme will be operationalized from 1st September 2019 & would continue till 31st December 2019. The two main components of the Scheme are dispute resolution and amnesty. The most attractive aspect of the scheme is that it provides substantial relief in tax dues for all categories of cases as well as full waiver of interest, fine and penalty. For all the cases pending in adjudication or appeal – in any forum – this Scheme offers a relief of 70% from the duty demand if it is Rs.50 lakhs or less and 50% if it is more than Rs. 50 lakhs. The same relief is available for cases under investigation and audit where the duty involved is quantified and communicated to the party or admitted by him in a statement on or before June 30, 2019. The scheme is especially tailored to free the large number of small taxpayers of their pending disputes with the tax administration.

Notes:
The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over Rs 50 crore and recommend action. The panel in its previous avatar called the Advisory Board on Bank, Commercial and Financial Frauds. The 4-member ABBF, which is headed by former Vigilance Commissioner T M Bhasin, has been formed in consultation with the RBI and it will function as the first level of examination of all large fraud cases before recommendations or references are made to the investigative agencies by the respective Public Sector Banks (PSBs). The jurisdiction of board will be confined to those cases involving officers of General Manager (GM) level and above in the PSBs in respect of an allegation of a fraud in a borrowal account. The banks will refer all large fraud cases above Rs 50 crore to ABBF and on receipt of its recommendation, they concerned will take further action in such matter. The tenure of the Chairman and members would be for a period of two years from August 21, 2019.