Daily Archives: December 5, 2020

SCO ONLINE INTERNATIONAL EXHIBITION

CONTEXT: Recently, the Vice President of India has launched the first ever SCO Online Exhibition on Shared Buddhist Heritage. IMPORTANT POINTS: National Museum, New Delhi, in active collaboration with SCO member countries. Participants: Museums from India, Kazakhstan, China, Kyrgyz Republic, Pakistan, Russia, Tajikistan and Uzbekistan. The launch happened during the …

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INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS (IAIS)

CONTEXT: The International Financial Services Centres Authority (IFSCA) obtained membership of International Association of Insurance Supervisors (IAIS). IMPORTANT POINTS: With this membership IFSCA would have access to IAIS’s global network and would be able to exchange ideas and information with other global regulators. This would help in developing a vibrant …

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INDIAN PEACOCK SOFTSHELL TURTLE

CONTEXT: Indian peacock softshell turtle, a turtle of a vulnerable species was rescued from a fish market in Assam’s Silchar. IMPORTANT POINTS: The Indian peacock softshell turtle [Nilssonia hurum] is a species of turtle found in South Asia. IUCN Red list status: Vulnerable species. Schedule I species in the Indian …

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LOTTERY, GAMBLING, BETTING TAXABLE UNDER GST ACT

CONTEXT: Recently, the Supreme Court (SC) has held that lottery, gambling and betting are taxable under the Goods and Services Tax (GST) Act, 2017. BACKGROUND: The SC passed the order in a batch of pleas filed by various lottery dealers who argued that the Central government had wrongfully classified lottery …

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GLOBAL TEACHER PRIZE 2020

CONTEXT: Ranjitsinh Disale, a primary teacher from Maharashtra’s Solapur, has won the Global Teacher Prize 2020. GLOBAL TEACHER PRIZE: It is a 1 million dollar award presented annually to an exceptional teacher who has made an outstanding contribution to their profession. Varkey Foundation, which is a global charitable foundation focused …

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