9 PM Current Affairs Brief – February 8, 2019

NGOs call for funds to eliminate TB At the India Showcase Event– a preparatory meeting before the Global Fund’s Sixth Replenishment (2020-2022), NGOs working towards eliminating tuberculosis have appealed the Indian government to ensure adequate funding and effective implementation of the National Strategic Plan to End TB (2017-2025). NGOs and other stakeholders have further committed… Continue reading NGOs call for funds to eliminate TB

No proposal to modify February 12 circular’ The February 12 circular aims at quick reporting of defaults, resolution plan for defaulting companies and a time-bound referral of defaulting companies to the National Company Law Tribunal (NCLT) and makes it mandatory to map an account as NPA even on a single-day default. Power sector companies had… Continue reading No proposal to modify February 12 circular’

Growth prop: On RBI repo rate cut Six-member monetary policy committee (MPC) headed by RBI Governor lowered the repo rate by 25 basis points to 6.25 per cent, repo or repurchase rate is where RBI lends money to commercial banks.RBI last cut rates in August of 2017. RBI has taken this decision because India’s consumer… Continue reading Growth prop: On RBI repo rate cut

Only 50% of PAN linked to Aadhaar Supreme Court ruled that the linking of PAN with Aadhaar is mandatory to file income tax returns from April 1, 2019 onward, it is mandatory for even those who do not need to file returns. According to Section 139AA of the Income Tax Act, not only is PAN… Continue reading Only 50% of PAN linked to Aadhaar

Taxpayers, MPs, MLAs can’t avail farm income support Government has announced income support scheme for farmers in Interim Budget 2019 which envisages the payment of ₹6,000 per annum to marginal and small farmers (each holding cultivable land up to 2 hectares). However, it also exclude some section of the society such as: a) former and… Continue reading Taxpayers, MPs, MLAs can’t avail farm income support