Thursday, July 2, 2015

#Daily #Current #Affairs

Mhara Gaon- Jagmag Gaon Scheme launched in Haryana    
The Haryana Government launched the Mhara Gaon- Jagmag Gaon scheme, aimed at providing 24 hour uninterrupted power supply to rural domestic consumers in a phased manner with their active participation. With this, Haryana became the first state in the country to launch such an innovative voluntary scheme. The state will bear an additional expenditure of 15 to 20 lakh rupees per village for implementation of this scheme. The scheme is aimed at strengthening the distribution network system for the convenience of the people.

Anisa Rasouli nominated as first female judge of Supreme Court
Anisa Rasouli, the head of the Afghan Women Judges Association and a former juvenile court judge nominated as the first ever female Supreme Court judge of Afghanistan. Afghan President Ashraf Ghani nominated her name as the female judge of the nine-member bench Supreme Court and now, Rasouli’s nomination will require an approval from the Parliament. Under the Afghan Constitution, Supreme Court judges have a fixed tenure of ten-years. The move of Ghani, former academic and World Bank economist, who has appointed female in different capacities in recent past including Rasouli’s nomination as judge in the country’s Supreme Court may shed Afghanistan’s image as a country that denies rights to women. 

Union Government opens compliance window for black money disclosure
Union Government has notified the compliance window for black money disclosure under the Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015. The notified compliance window makes it mandatory for people to disclose their foreign income and assets till 30th September 2015. Those who make the disclosure during this notified period will have further 3 months’ time i.e. till 31st December 2015 to pay the taxes and the penalty on their foreign income and assets. People availing this one-time compliance window will be required to pay a tax of 30 per cent and a penalty of a similar amount. The Black Money (Undisclosed Foreign Income and Asset) and Imposition of Tax Act, 2015 was passed by the parliament in May 2015. This act which will come into force from April 2015 has provision of stringent penalty which includes much higher at 90 per cent in addition to the 30 per cent tax on undisclosed foreign assets.

Union Cabinet gives nod for setting up of Online National Agriculture Market
Union Cabinet has approved setting up of an Online National Agriculture Market that will provide more options to farmers for selling their produce. Decision in this regard was taken at a Union Cabinet meeting presided by Prime Minister Narendra Modi in New Delhi. For online national agriculture market, an online platform will be set up. On this platform farmers will be able to sell and buy vegetables, fruits and other produce from across the country. In this regard, Union government will also establish an agency to oversee online trading and ensure that transactions take place smoothly.  This online agriculture market will also focus on creating godowns and facilitate transportation of the farm produce after the online trade. Presently, farmers are restricted to sell their produce at traditional mandis or market committees which are charging various taxes on producers. This platform will also give choice to farmers to sell the farm produce both in traditional mandis or online platform and boost their incomes and improve availability, moderating price rise.