Daily Archives: June 25, 2021

JOINT INITIATIVE OF THE UNDP AND OECD

Recently, the Tax Inspectors Without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched its programme in Bhutan. India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme. Important points: This …

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BREACH OF TERRITORIAL WATERS IN BLACK SEA

In a recent event, Russia alleged that the British warship had breached its territorial waters in Black Sea which Britain and most of the world say belong to Ukraine. Russia seized and annexed the Crimea peninsula from Ukraine in 2014 and considers areas around its coast to be Russian waters. …

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VOCAL FOR LOCAL TOYS -TOYCATHON 2021

Recently, the Prime Minister of India urged people to be “vocal for local toys”, while interacting with the participants at the Toycathon 2021. Important points: It was a joint initiative by the Ministry of Education, WCD (Women and Child Development) Ministry, Ministry of Micro, Small and Medium Enterprises, Textile Ministry, …

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DELTA PLUS VARIANT-COVID 19

Recently, the Union Ministry of Health and Family Welfare (MoHFW), has warned people against the new Covid-19 strain ‘Delta Plus’ (DP). There is fear that this new variant ma Important points: Delta plus (B.1.617.2.1/(AY.1) is a new variant of the SARS-CoV-2 coronavirus formed due to a mutation in the Delta …

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OTHER SERVICE PROVIDERS (OSPS)

Recently, the Department of Telecommunications (DoT) has eased the norms for Other Service Providers (OSPs). The OSP guidelines were earlier liberalised in November 2020 in order to encourage the BPO (Business Process Outsourcing) industry in India. The new guidelines have been simplified even further, offering greater ease of business and …

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SANT KABIR DAS

Recently, Sant Kabir Das Jayanti was observed on 24th June, 2021 to mark the birth anniversary of Sant Kabirdas. Kabirdas Jayanti is celebrated on the Jyeshtha Purnima tithi, as per the Hindu lunar calendar. Important points: Sant Kabir Das was born in the city of Varanasi, Uttar Pradesh. He was …

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ENFORCEMENT DIRECTORATE

The Enforcement Directorate has transferred assets worth Rs. 8,441.50 crore to public sector banks that suffered losses to the tune of Rs. 22,585.83 crore due to frauds committed allegedly by Vijay Mallya, Nirav Modi and Mehul Choksi. All the three have been declared ‘Fugitive Economic Offenders’ by PMLA (Prevention of …

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RENEWABLE POWER GENERATION

Recently, the International Renewable Energy Agency (IRENA) released the ‘Renewable Power Generation Costs in 2020’ report. Levelized cost of electricity trends by technology, 2010 and 2020 Important points: 810 gigawatts (GW) capacity of the world’s existing coal-fired plants i.e. 38% of the total global energy capacity now have higher operating …

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