Here’s your daily summary of Current Affairs.
PM Modi asks tax officials to minimize human interface in tax administration dealings
Prime Minister Narendra Modi has asked tax administrators to fix clear targets to improve the country’s tax administration by 2022. He said, “the government is working towards the creation of an environment which shatters the confidence of the corrupt, and instills confidence among the honest taxpayers.” Inaugurating the Rajasva Gyan Sangam at New Delhi, Mr. Modi mentioned steps taken by the government including demonetization, and implementation of stringent laws against black money and “benami” property.
AgustaWestland VVIP chopper case: CBI files charge sheet
Former IAF Chief S P Tyagi was on the 1st of September, charged a sheet by the CBI in a Delhi Court along with nine others in connection with a bribery case in the 3,500 crore INR AgustaWestland VVIP chopper deal. 72-year old Tyagi is the first chief of the Indian Air Force to be charged with a sheet in a corruption or a criminal case by the CBI. Besides him, the agency has also charged a sheet retired Air Marshal J S Gujral along with eight others, including five foreign nationals. The court has fixed September 6th to pursue the charge sheet in which the Anglo-Italian company, AgustaWestland, is also one of the accused.
Rajiv Kumar takes charge as NITI Aayog Vice-Chairman
Noted economist Rajiv Kumar took over as the Vice-Chairman of government NITI Aayog on 1st September. Mr. Kumar replaced Indian-American economist Arvind Panagariya who left the think tank to return to academia. Mr. Kumar was a senior fellow at the Center for Policy Research. He holds a Doctor of Philosophy in economics from Oxford and a PhD from Lucknow University. He also served as Secretary General of Industry Association, FICCI.
China passes safety law for operators of nuclear power plants
China, which has the largest number of nuclear power plants, today passed a nuclear safety law to ensure the safe use of nuclear energy. The legislation was adopted after a third reading at the bi-monthly session of the Standing Committee of National People’s Congress, the top legislative body. State-run Xinhua news agency reported, the new law clarified China’s rational, coordinated and balanced nuclear safety outlook and its commitment to fulfilling international obligations under binding treaties. The law said China should carry out international exchanges and cooperation in nuclear safety to prevent and deal with the threat of nuclear terrorism. Under the new law, the government is required to set up an inter-agency coordination mechanism for nuclear safety and a national committee in charge of the emergency response to nuclear accidents.
Fiscal deficit reaches 92.4% of estimate
The government’s fiscal deficit at the end of July this year touched 92.4 percent of the budget estimate. This was mainly because of front loading of the expenditure by government departments. The fiscal deficit is the difference between the government’s expenditure and revenue. The government aims to bring down the fiscal deficit to 3.2 percent of GDP in the current fiscal. According to Controller General of Accounts data, the government’s revenue receipts improved to 2.91 lakh-crore INR during the April 2017 to July 2017 period, which is 19.2 percent of the target for the whole year. Revenue expenditure widened to 131.2 percent of the budget estimate, from 93 percent in the corresponding period last year.
Sports Ministry approves formation of Working Committee
The Sports Ministry has approved constitution of a 13-member Empowered Steering Committee, ESC. It will shape and influence India’s preparation for multi- disciplinary events, including 2020 Tokyo Olympic Games.
Saina Nehwal and Srikanth improves World Rankings
Indian shuttlers Saina Nehwal and Kidambi Srikanth climbed up the ladder in the latest BWF world ranking. Saina, who won a bronze at the World Championship, jumped four rungs to be placed at the 12th spot, while Kidambi Srikanth also improved two positions. Among others, Ajay Jayaram and B Sai Praneeth also improved by one and two places respectively to be placed at 16th and 17th spots. Mixed-doubles pair of Pranaav Jerry Chopra and N Sikki Reddy improved a place to be at the 19th spot currently, while women’s doubles combo of Ashwini Ponnappa and Sikki Reddy were static at 24th. There is no Indian pair in the top 25 of the men’s doubles ranking. World Championship silver medalist, P V Sindhu, retained her 4th position.