Tuesday, 27 June 2017

Daily Update On Current Affairs - June 26, 2017

current affairs
Here's your daily summary of Current Affairs.

Prime Minister Meets Top Global CEOs In Washington

Prime Minister Narendra Modi began his engagements in Washington with meeting some of the top CEOs of Global multinationals. Mr Modi discussed various issues with the global business leaders on investments as well as job creation. Later, the Prime Minister will attend a community reception at Virginia near the Capital City. "Economic relations are high on Prime Minister’s agenda during this three-day visit to the United States. The Chief Executives of some of the biggest companies have met Mr Modi. A CEO roundtable is also in progress. Mr Modi is understood to have discussed issues like collaborations and Make in India and invite the corporates for stepping up investments. The other likely issues on the table are tightening of visa rules by the US and creation of jobs. The CEOs are also likely to be apprised of structural reforms undertaken in the past three years in India.

New Initiative From Gujarat Government

The Gujarat government has decided to give local bodies the power to provide environment clearances to infrastructure projects. Chief Minister Vijay Rupani said at an event yesterday that the developers would no longer need to approach Gujarat Pollution Control Board for the clearance as the local authorities have been given the powers to provide environment clearances. Mr Rupani said the decision has been taken to give push to real estate sector. At present, environment clearance from the state environment agency is mandatory for construction projects larger than 20,000 square metres.

Yemen Faces World's Worst Cholera Outbreak: UN

The United Nations today warned that Yemen is now facing the worst cholera outbreak anywhere in the world. A statement by UNICEF and the WHO says the number of suspected cholera cases in the war-torn country has exceeded two lakh. It says in just two months, cholera has spread to almost every governorate, with an estimated 5,000 new cases every day in the country. So far more than 1,300 people have died, one-quarter of them were children. The UN said, the death toll expected to rise. The two UN agencies say they are doing everything they can to stop the outbreak from accelerating.

Banks Have No Liability For Loss Of Valuables In Lockers: RBI

Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks. Stung by the revelation, the lawyer who had sought information under the transparency law has now moved the Competition Commission of India (CCI) alleging “cartelisation” and “anticompetitive practices” by the banks in respect of the locker service. He has informed the CCI that the RTI response from the RBI has said it has not issued any specific direction in this regard or prescribed any parameters to assess the loss suffered by a customer. Even under the RTI response, all public sectors banks have washed their hands of any responsibility.

Filing Income Tax Returns Gets Simpler For Salaried Persons

Filing Income Tax Returns (ITR) for salaried individuals (with income up to ₹50 lakh) just got simpler, with the Central Board of Direct Taxes (CBDT) coming out with a single-page form against the seven-page version that existed earlier. The new form-1 (SAHAJ) for the assessment year 2017-18 can be used for those receiving income from Salary/One House Property/other income (interest etc) and is expected to benefit over two crore taxpayers. Interestingly, the new form requires reporting ₹2,00,000 or more in cash deposited in a bank account from November 9 last year to December 30, 2016. Quoting of Aadhaar has been made mandatory. In case an individual has not received an Aadhaar card but applied for the same, he or she has to give the enrollment ID.

Kidambi Srikanth Wins Australian Open Badminton Superseries Title Beating Olympic Gold Medalist Chen Long

Ace Indian shuttler Kidambi Srikanth today lifted the Australian Open Superseries Badminton trophy in Sydney. In the summit clash, Srikanth, ranked 11th in the world, stunned former world number one and Rio Olympics Gold medalist Chen Long of China in straight games, 22-20, 21-16. The trophy is Srikanth's second this season and fourth overall. He had won the Indonesian Open last week. Prime Minister Narendra Modi has congratulated Srikanth on his victory.

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