Current Affair For Year “2017”

Aditya ferry: A clean energy based initiative

Date: February 07, 2017

Vaikom, the land of Satyagraha is situated in the northwest of Kottayam district in Kerala created history again on 12th January 2017. The first solar-powered ferry in India named as Aditya started service between Vaikom and Thavanakkadavu, connecting Kottayam and Alappuzha districts. This Solar powered boat was built with the financial aid in the form of subsidy from the Union Ministry of New ...

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 Zonal Councils

Date: February 06, 2017

The Zonal Councils, five in number, were created under the States Reorganization Act, 1956 in wake of reorganization of the States in 1956 with the basic objective to develop the habit of cooperative working among the States, as well as between the Centre and the States and to provide a meeting ground for the States in different zones for solving inter-State problems and fostering balanced soci...

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World Cancer Day: Feb.11

Date: February 04, 2017

A truly global event taking place every year on 4 February, World Cancer Day unites the world’s population in the fight against cancer.

It aims to save millions of preventable deaths each year by raising awareness and education about the disease, pressing governments and individuals across the world to take action.

Theme – We can. I can.

Taki...

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Swadesh Darshan and PRASAD Schemes of Ministry of Tourism

Date: February 03, 2017

Twelve cities namely Amaravati (Andhra Pradesh), Gaya(Bihar), Dwaraka(Gujarat), Amritsar(Punjab), Ajmer(Rajasthan), Kanchipuram(Tamil Nadu), Vellankani(Tamil Nadu), Puri(Odisha), Varanasi(Uttar Prasesh), Mathura(Uttar Pradesh), Kedarnath (Uttarakhand) and Kamakhya (Assam) have been identified for development under Pilgrimage Rejuvenation and Spirituality Augmentation Drive (PRASAD) by the Minis...

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Income Tax Department (ITD) launches Operation Clean Money

Date: February 01, 2017

Income Tax Department (ITD) has initiated Operation Clean Money, today. Initial phase of the operation involves e-verification of large cash deposits made during 9th November to 30th December 2016. Data analytics has been used for comparing the demonetisation data with information in ITD databases. In the first batch, around 18 lakh persons have been identified in whose case, cash transactions ...

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One Economic India; Technology, Economics and Politics are Surging Ahead

Date: February 01, 2017

Finance Minister Shri Arun Jaitley today presented the Economic Survey 2016-17 in the Parliament today. The Survey suggest that on the question of creating one economic India, technology, economics and politics have been surging ahead. Perhaps, it is time for the laws to catch up to further facilitate this surging internal integration.

It finds high levels of internal trade between stat...

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Economic Survey 2016-17: Highlights

Date: January 31, 2017

The Economic Survey 2017 was presented in the Parliament today by the Finance Minister Arun Jaitley.The Economic Survey pointed out that demonetisation will have both short-term costs and long-term benefits.

Key Highlights of Economic Survey


ECONOMY

* FY18 GDP growth in the range of 6.75-7.50%
* FY17 industrial growth seen 5...

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Supreme Court appointed administrators to supervise BCCI

Date: January 31, 2017

The Supreme Court has appointed four eminent personalities from varying backgrounds to a panel of administrators to oversee the running of the BCCI until the board can hold fresh elections for office bearers as per the recommendations of the Lodha Committee.

The panel, which will be chaired by Vinod Rai, the former Comptroller and Auditor General of India, consists of Ramachandra Guha, ...

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GAAR: Complete analysis (to be implemented from April 1,2017)

Date: January 29, 2017

The Narendra Modi government issued clarification that GAAR, that is General Anti-Avoidance Rule, will come into effect from April 1, 2017. The General Anti Avoidance Rule (GAAR) provisions shall be effective from the Assessment Year 2018-19 onwards, i.e. Financial Year 2017-18 onwards, the Finance Ministry said in a press release.

In India, the GAAR concept was introduced with the DTC ...

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India Post gets payments bank licence

Date: January 29, 2017

India Post has received payments bank licence from the Reserve Bank of India to start rollout of banking operations commercially under the permit.India Post Payments Bank is the third entity to receive payments bank permit after Bharti Airtel and Paytm.

Payments banks can accept deposits up to Rs 1 lakh per account from individuals and small businesses.

The new model of banking ...

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