Insights Daily Current Affairs, 07 June 2017

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Insights Daily Current Affairs, 07 June 2017


 

Paper 2 Topic: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources, issues relating to poverty and hunger.

 

Inclusive India Initiative

 

The National Trust under Ministry of Social Justice & Empowerment in collaboration with key partners recently organised the conference “Inclusive India Initiative: Towards an Inclusive India” for intellectual and developmental disabilities (IDDs). 

 

inclusive india

What you need to know about this initiative?

The ‘Inclusive India Initiative’ of National Trust is specifically catering to persons with intellectual and developmental disabilities; with an objective to include these people in the mainstream and in all important aspects of social life, namely education, employment and community ‘Inclusive India’ in about changing the attitudes.

  • The Inclusive India initiative is an attempt to facilitate the realisation of equal opportunities, protection of rights and full participation of individuals with intellectual and developmental disabilities into the fabric of society. The three core focus areas of Inclusive India Initiative are Inclusive Education, Inclusive Employment and Inclusive Community Life.
  • In the domain of Inclusive Education, large-scale awareness campaigns would be executed on pan-India basis, making the schools and colleges inclusive for the children and adults with intellectual disabilities. Association with government and private organisations will be explored for making the infrastructure of educational institutes accessible and inclusive, by providing necessary mobility aids, assistive devices, accessible information and social support.
  • The initiative will engage at least 2000 corporate sector organisations; public and private, for creating awareness towards inclusive employment for persons with intellectual disabilities, during the current financial year.

 

Know about National Trust:

The National Trust is a statutory body of the Ministry of Social Justice and Empowerment, set up under the “National Trust for the Welfare of Persons with Autism, Cerebral Palsy, Retardation and Multiple Disabilities” Act (Act 44 of 1999). The National Trust was envisaged with a core mission of providing opportunities for capacity development of Persons with Disabilities and their families, fulfilling their rights, facilitating and promoting the creation of an enabling environment and an inclusive society.

 

Sources: pib.


 

Paper 2 Topic: Issues relating to development and management of Social Sector/Services relating to Health, Education, Human Resources, issues relating to poverty and hunger.  

 

‘Skill for Life, Save a Life’ initiative

 

The government has launched the ‘Skill for Life, Save a Life’ initiative.

 

What you need to know about this initiative?

‘Skills for Life, Save a Life’ Initiative’ aims to upscale the quantity and quality of trained professionals in the healthcare system. Under this initiative various courses are planned to be initiated targeting specific competencies for healthcare professionals as well as for general public.

 

Significance of this move:

The potential for skilled healthcare workers and professionals is immense in the country. Such courses ensure that the health sector gets the adequate skilled health workers. Skilling the youth enhances the employability and skilled India will help the nation reap rich dividends. This shall reduce the gap between expectations of employment of the youth and the actual job they get. Skill enhances economy of the country, too by reducing the gap between demand and supply of trained and skilled manpower in every field. 

 

Background:

More than 65% youth are below the age of 35 years in India and the country should seize this opportunity by providing adequate skills and employability to the youth for a strong foundation for continued and sustainable growth.

 

Sources: pib.


 

Paper 3 Topic: Awareness in the fields of IT, Space, Computers, robotics, nano-technology, bio-technology and issues relating to intellectual property rights.

 

‘Hottest’ planet in universe discovered

 

Scientists have discovered the hottest known planet located 650 light years from Earth, which is warmer than most stars in the universe and sports a giant, glowing gas tail like a comet.

hottest planet

What you need to know about the newly discovered planet?

The Jupiter-like planet, named KELT-9b, orbits a massive star KELT-9 every day and a half.

  • With a day-side temperature peaking at 4,326 degree Celsius, the newly discovered exoplanet is hotter than most stars and only 926 degree Celsius cooler than our Sun.
  • The ultraviolet radiation from the star it orbits is so brutal that the planet may be evaporating away under the intense glare, producing a glowing gas tail.
  • The gas giant 2.8 times more massive than Jupiter but only half as dense, because the extreme radiation from its host star has caused its atmosphere to puff up like a balloon.
  • Since it is tidally locked to its star — as the moon is to Earth — the day side of the planet is perpetually bombarded by stellar radiation, and as a result the planet is so hot that molecules such as water, carbon dioxide and methane cannot form there.

 

Sources: the hindu.


 

Paper 3 Topic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.

 

Centre notifies rules on capital gains tax

 

The Income Tax Department has notified rules specifying equity transactions that will attract capital gains tax if securities transaction tax (STT) was not paid on them. The move comes after the Finance Act 2017 that aimed to curb the practice of declaring unaccounted income as exempt long-term capital gain by entering into sham transactions.

  • This notification shall come into force with effect from April 1, 2018, and shall accordingly apply to assessment year 2018-19 and subsequent assessment years.

capital gains tax

 

Background:

The Finance Act, 2017 amended the provisions of Section 10 (38) of the Income-Tax Act to provide exemption from long-term capital gains tax for income from transfer of equity share acquired on or after October 1, 2004, provided that the transaction had been charged for STT. All stock market transactions attract STT in the range of 0.017% to 0.125%.  

 

Key facts:

  • According to the notification that follows draft rules issued in April this year, the Central Board of Direct Taxes (CBDT) has specified transactions where payment of STT would be mandatory to get the benefit of exemption from capital gains tax. These include acquiring existing listed equity shares through a preferential issue in a company whose shares are not frequently traded, transactions off the stock exchange, and acquisition during the delisting period of the company.
  • However, other genuine transaction, such as acquisition of equity shares by venture capital or investment funds, employee stock options, foreign direct investments by non-resident Indians and off-market transactions in schemes approved by the Supreme Court, high court, National Company Law Tribunal, SEBI and RBI, continue to be exempt.
  • Further, acquisitions through preferential issues such as conversion of loan to equity, allotment to financial institutions pursuant to a debt restructuring scheme, acquisitions by banks and securitisation companies and also by modes such as gifts, holding subsidiaries, mergers and conversions would also be exempt from the new rules.

 

Sources: the hindu.


 

Paper 2 Topic: Important International institutions, agencies and fora, their structure, mandate.

 

20th anniversary of the formation of BIMSTEC

 

BIMSTEC is celebrating 20th anniversary of its formation.

 

bimstec

What you need to know about BIMSTEC?

BIMSTEC or the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation is a regional organisation which comprises of seven member states which lie near the Bay of Bengal.

  • This sub-regional organisation was started on June 6, in the year 1997 through a Bangkok Declaration.
  • BIMSTEC consists of seven countries: 5 come from South Asia, including India, Nepal, Bangladesh, Bhutan, and Sri Lanka; and 2 come from Southeast Asia, which includes Myanmar and Thailand.
  • BIMSTEC headquarters are situated in Dhaka, Bangladesh.
  • The whole region which constitutes the BIMSTEC is home to over 1.5 billion people. The population counts for around 22 percent of the total world population. These countries have a combined GDP of $2.7 trillion.

 

Sources: the hindu.