Daily Current Affairs 19th November, 2016
Donald Trump picks Michael Flynn as NSA
- United States president-elect Donald Trump has named Michael Flynn, an ex-army general as his National security adviser.
- Flynn served as Mr Trump’s top military advisor during the Presidential campaign.
- Mr Trump chose Republican Senator Jeff Sessions as his Attorney General and Congressman Mike Pompeo as Director of the Central Intelligence Agency (CIA).
World Internet Conference 2016 concludes in Wuzhen, China
- The 2016 World Internet Conference concluded on 18 November 2016 in Wuzhen, China.
- The theme of the 3rd World Internet Conference,2016 was Innovation-driven Internet Development for the Benefit of All – Building a Community of Common Future in Cyberspace.
Income Tax Department to launch Project Insight in May 2017
- The Income Tax department is planning to implement the first phase of ‘Project Insight’ from May 2017 to monitor high value transactions, with a view to curbing the circulation of black money.
- This project has been initiated for data mining, collection, collation and processing of such information for effective risk management with a view to widening and deepening tax base.
- L&T Infotech has bagged the Project Insight contract to help the Income Tax Department nab evaders.
About Project Insight
- Insight is the Finance ministry’s flagship project, aimed at widening the tax base by catching tax evaders using technology.
- The project will track the Permanent Account Numbers being quoted on financial transactions and tally them with income tax
Revised DTAA Agreement signed between India and Cyprus
- The agreement will replace the existing DTAA that was signed by two countries in June 1994.
- New DTAA provides for source based taxation of capital gains arising from alienation of shares, instead of residence based taxation provided under the existing DTAA.
- A grandfathering clause has been provided for investments made prior to 1st April, 2017, in respect of which capital gains would continue to be taxed in the country of which taxpayer is a resident.
- The new Agreement provides for Assistance between the two countries for collection of taxes and also updates the provisions related to Exchange of Information to accepted international standards.
SCIENCE AND TECH
- Tamil Nadu gets world’s first salt-tolerant plant garden
The world’s first Genetic Garden of Halophytes (naturally occurring salt-tolerant plants) was inaugurated at the coastal town of Vedaranyam in Tamil Nadu.
- The garden has been set up by M S Swaminathan Research Foundation (MSSRF)founded by eminent agriculture scientist Prof M S Swaminathan.
- It will have over 1,600 species belonging to 550 genera and 117 families of Halophytes plants.
- Halophytes are salt-tolerant or salt-resistant plants.
- They can thrive and complete their life cycles in soils or waters containing high salt concentrations
World Toilet Day: 19 November
- It aims to motivate millions across the world on issues of sanitation.
- 2016 Theme: “Toilets and jobs”.
- The theme, toilets and jobs, focuses on how sanitation or the lack of it can impact livelihoods of people.
- The observance of this day is coordinated by United Nations-Waterin collaboration with Governments of member countries and relevant stakeholders.
- In India, the observance of the day highlights the importance of Swacch Bharat Mission which to make India clean and open defecation free (ODF) by 2019.
Tata Consultancy Services and Vedanta wins ACES awards
- Tata Consultancy Services and Vedanta have been awarded for their leadership in sustainability, corporate social responsibility, eco-consciousness and community care at the third annual Asia Corporate Excellence and Sustainability Awards (ACES).
- TATA Consultancy Services (TCS) was named Industry Champions in the Leadership category.
- India’s Vedanta Limited was named “Top Companies to Work For in Asia.”
c gets lifetime achievement award for classical music
- Noted flautist Pt Hari Prasad Chourasia has been conferred this year’s Sumitra Charat Ram Award for lifetime achievement in the field of Indian classical music.
- The Padma Bhushan and Padma Vibhushan awardee has also worked as a music director for Indian films, besides collaborating with several international musicians.
About Sumitra Charat Ram Award
- The prestigious award has been named after Sumitra Charat Ram who had played a key role in revival of the performing arts traditions, specially kathak and Hindustani music in north India.
- It is bestowed upon individuals who have excelled in field of Indian classical dance and music or other disciplines of Indian art and culture, including theatre during last 15 years.
Khehar made NALSA executive chairman
- The Union government has announced that Jagdish Singh Khehar, a judge of the Supreme Court, will be the new Executive Chairman of the National Legal Services Authority (NALSA).
- He succeeds Anil R. Dave.
- National Legal Services Authority of India (NALSA) was formed on 5 December 1995 under the authority of the Legal Services Authorities Act 1987.
- Its purpose is to provide free legal services to eligible candidates (defined in Sec. 12 of the Act), and to organize Lok Adalats for speedy resolution of cases.
- Services provided by the agency include free legal aid in civil and criminal matters for the poor and marginalised people who cannot afford the services of a lawyer in any court or tribunal.
- Free legal services include provision of aid and advice to beneficiaries to access the benefits under the welfare statutes and schemes and to ensure access to justice in any other manner.