1. FIT INDIA MOBILE APP
Sports Minister Shri Anurag Singh Thakur launched the Fit India Mobile App on National Sports Day.
About:
- The Fit India App is free and available in English & Hindi on both the Android and the iOS platforms.
- The Fit India Movement was launched on 29th August 2019 by Prime Minister Narendra Modi with the vision of making India a Fit and Healthy Nation.
- Over the past two years, the Fit India Movement has reached millions of people across the country through its various fitness campaigns such as Fit India School Week, Fit India Freedom Run, Fit India Cyclothon and many others.
- Currently, the Fit India Movement is also conducting Fit India Freedom Run 2.0 in celebration of Azadi Ka Amrit Mahotsav to celebrate and commemorate 75 years of India’s Independence.
Source : All India Radio
2. 15TH FINANCE COMMISSION
Rs. 1,42,084 Crore tied grant to rural local bodies (RLBs)/ panchayats for water and sanitation for the five years 2021–22 to 2025–26, which has been recommended by the 15th Finance Commission, will have a huge impact on ensuring these services in villages and thus on public health and quality of life in rural areas.
About:
- In all, the 15th Finance Commission recommended Rs. 2,36,805 Crore to RLBs/ PRIs for the period 2021-22 to 2025-26.
- Commission also identified ‘water supply and sanitation’ as national priority areas, which determines the quality of life of people living in rural areas.
- It has recommended 60% of the allocation to RLBs/ Panchayats i.e. Rs. 1,42, 084 Crore as a tied grant to be utilized for a.) supply of drinking water, rainwater harvesting and water recycling; and b.) sanitation & maintenance of open-defecation free (ODF) status.
- The Dept. of Drinking Water & Sanitation (DDWS), Ministry of Jal Shakti, Govt of India will act as the nodal Department for determining the eligibility of the rural local bodies for the ‘15th FC tied grant for water & sanitation’ and recommend release of tied grant for water & sanitation, to the Dept. of Expenditure, Ministry of Finance for all States.
Source : PIB
3. VIVAD SE VISHWAS ACT
CBDT extends date under section 3 of the Vivad se Vishwas Act.
About:
- Under The Direct Tax Vivad se Vishwas Act 2020 (hereinafter referred to as “Vivad se Vishwas Act”), the amount payable by the declarant is stated in the table under section 3 of the Vivad se Vishwas Act.
- As per the latest notification dated 25th June 2021, the last date of payment of the amount (without any additional amount) has been notified as 31st August 2021. Further the last date for payment of the amount (with additional amount) under Vivad se Vishwas Act has been notified as 31st October, 2021.
- Considering the difficulties being faced in issuing and amending Form no 3, which is a prerequisite for making payment by the declarant under Vivad se Vishwas Act, it has been decided to extend the last date of payment of the amount (without any additional amount) to 30th September, 2021. Necessary notification to this effect shall be issued shortly.
- It is, however, clarified that there is no proposal to change the last date for payment of the amount (with additional amount) under Vivad se Vishwas Act, which remains as 31st October, 2021.
Source : PIB
4. CARD-TOKENISATION SERVICES
The Reserve Bank of India has permitted authorised card networks to offer card tokenisation services to any token requestor in a bid to make card transactions more safe, secure and convenient for the users.
About:
- In a notification issued, RBI said that it has provided the facility to interested card holders only for their mobile phones and tablets.
- There has been an uptake in the volume of tokenised card transactions during the recent months and on a review of the framework and keeping in view stakeholders feedback, RBI decided to extend the scope of tokenisation to include consumer devices – laptops, desktops, wearables (wrist watches, bands, etc.) and Internet of Things (IoT) devices.
Source : All India Radio
5. INDIA-RUSSIA RELATIONS
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and Institute of Professional Accountants of Russia (IPAR).
About:
- The Memorandum of Understanding between ICAI of India and IPAR of Russia, is expected to give ICAI Members a boost in their quest for professional possibilities in Russia.
- The ICAI will be able to help deepen the partnership with Russia by providing Export of Accountancy Services under the terms of the MoU.
Important Info :
Do you know?
- The Institute of Professional Accountants of Russia (IPAR) is the largest not-for-profit accounting organisation of Russia.
- The Institute of Chartered Accountants of India (ICAI) is a statutory body which was established under the Chartered Accountants Act, 1949 to regulate the profession of Chartered Accountants in the country.
Source : All India Radio
6. BHAVINA PATEL
Bhavinaben Patel created history by winning India's first silver medal in women's singles class 4 table tennis at Tokyo Paralympics.
About:
- Bhavina Hasmukhbhai Patel is an Indian parathlete and table tennis player from Mehsana, Gujarat.
- She won a silver medal in Class 4 Table tennis at the 2020 Summer Paralympics in Tokyo.
Source : PIB
8. Y-BREAK APP
Union Ayush Minister launched the Y-Break App.
About:
- The Y-Break mobile application has been developed by MDNIY (Morarji Desai National Institute of Yoga).
- Through this app, yoga and meditation can be done anywhere in just 5 minutes.
Source : PIB
9. UN SECURITY COUNCIL
India has assumed Presidency of the UN security council. The presidency of the Council is held by each of the members in turn for one month, following the English alphabetical order of the Member States’ names.
About:
- Prime Minister Modi virtually presided over the Council meeting. He is the first Indian Prime Minister to do so.
- Last year when the UN celebrated the 75th year of its foundation, India was elected to the Council along with Ireland, Kenya, Mexico and Norway. India began its eighth term on January 1, 2021.
- Since all other countries come after India sequentially, it gives India another chance to assume the presidency in December next year.
Important Info :
- India is a founding member of the UN. That India signed the Charter of the United Nations along with 50 other countries in 1945 even before gaining independence is a measure of its credentials—millennial civilisations, multi-faceted diversities and peaceful vocation.
- Vijaya Laxmi Pandit was elected president of the eight-session of the UN General Assembly in 1953, the first woman to head the organisation.
- Since the onset of its peacekeeping mission in 1948, India has sent contingents on 49 occasions, contributed close to 200,000 troops, and in 2007 had the unique distinction of deploying the first all-women peacekeeping force to Liberia.
Source : All India Radio
10. DIMASAS
A suspected militant attack left five truckers dead in Assam’s Dima Hasao hill district. Intelligence inputs suggest that an outfit called the Dimasa National Liberation Army (DNLA) was behind the attack.
Who are the Dimasas?
- The Dimasas (or Dimasa-Kacharis) are the earliest known rulers and settlers of Assam, and now live in Dima Hasao, Karbi Anglong, Cachar, Hojai and Nagaon districts of central and southern Assam, as well as parts of Nagaland.
- Prior to Ahom rule, the Dimasa kings — believed to be the descendants of the rulers of the ancient Kamarupa kingdom — ruled large parts of Assam along the south bank of the Brahmaputra between the 13th and 16th centuries.
- Their earliest historically known capital was Dimapur (now in Nagaland), and later Maibang in North Cachar Hills.
What is the history of militancy in Dima Hasao?
- The hill districts of Assam — Karbi Anglong and Dima Hasao (earlier North Cachar Hills) — have had a long history of insurgency by Karbi and Dimasa groups which peaked in the mid-1990s, and was rooted in a core demand of statehood.
- Both districts are now protected under the Sixth Schedule of the Constitution, and allows for greater political autonomy and decentralised governance in certain tribal areas of the Northeast.
- They are run by the North Cachar Hills Autonomous Council and the Karbi Anglong Autonomous Council respectively.
Source : Indian Express
11. NATIONAL MONETISATION PIPELINE (NMP)
To make the National Monetisation Pipeline (NMP) a success, the government should give Income Tax breaks to attract retail investors into instruments such as Infrastructure Investment Trusts (InvITs), the NITI Aayog has recommended.
About:
- The Centre’s think tank driving the NMP, estimated to raise almost ₹6 lakh crore for the exchequer over four years, has also called for bringing such trusts within the ambit of the Insolvency and Bankruptcy Code (IBC) to provide greater comfort to investors.
- Bringing in policy and regulatory changes to scale up monetisation instruments such as InvITs and Real Estate Investment Trusts (REITs) and expand their investor base have been identified as a critical element for the NMP.
- The government plans to use the InvIT and REIT route to monetise public assets such as highways, gas pipelines, railway tracks and power transmission lines.
Important Info :
Section 54EC of the Income Tax Act, 1961
- More tax-efficient and user-friendly mechanisms like allowing tax benefits in InvITs as eligible security to invest under Section 54EC of the Income Tax Act, 1961, are important starting points for initiating retail participation in the instruments
- Section 54EC allows taxpayers to offset long-term capital gains from transactions in immoveable properties through investments in bonds issued by some government-backed infrastructure firms.
Source : The Hindu