The government has set up a five-member working committee to look into the angel tax issue and come up with guidelines. Startups, who rely heavily on this funding, have raised concerns over levying taxes on angel funds under Section 56 of the Income Tax Act. Angel funds refers to a money pool created by high… Continue reading Centre may relax angel tax norms for start-ups, sets up panel
Category: Daily Factly articles
Entire Aravalli area is devastated, rules SC
The Supreme Court has rebuked the Rajasthan Government for its failure to curb illegal mining in the Aravalli region. In 2009, the Supreme Court banned mining throughout the Aravallis owing to destruction of the hill ecology, reducing groundwater levels and pollution. However, SC order had been repeatedly flouted and illegal mining continued. In 2018, the… Continue reading Entire Aravalli area is devastated, rules SC
U.K. clears Mallya’s extradition to India
British Home Secretary Sajid Javid has signed the extradition order for fugitive business tycoon Vijay Mallya for his extradition to India. Two years ago, the Indian Government requested the extradition of Vijay Mallya to the British High Commission in India. Vijay Mallaya is the erstwhile chairman of United Sprits, who has been declared both a… Continue reading U.K. clears Mallya’s extradition to India
Taliban to meet Afghan Opposition in Moscow
Taliban will hold a meeting with Afghan opposition leaders in Moscow, in a move likely to alienate the Afghan government, which is already excluded from talks between the militant group and the United States. Russia has been cultivating ties with the Taliban,the successors of Mujahideen militants who defeated the soviet troops in 1980’s. U.S. and… Continue reading Taliban to meet Afghan Opposition in Moscow
Government launched Pre-Departure Orientation Training programme for Migrant workers
A Pre-Departure Orientation Training (PDOT) programme has been launched by Government to orient potential migrant workers with regard to culture, language, do’s and don’ts in the emigration process and safety measures. PDOT has been administered by the Ministry of External Affairs in alliance with the Ministry of Skill Development and Entrepreneurship (MSDE).It has been conducted… Continue reading Government launched Pre-Departure Orientation Training programme for Migrant workers
IORA meeting on Disaster risk Management begins
The Ministry of Home Affairs in collaboration with the Ministry of External Affairs and National Disaster Management Authority (NDMA) is organising a meeting of Indian Ocean Rim Association (IORA) Cluster Group on Disaster Risk Management (DRM) on 5-6 February 2019 in New Delhi. The Indian Ocean Rim Association (IORA), formerly known as the Indian Ocean Rim Initiative… Continue reading IORA meeting on Disaster risk Management begins
Draft National River Ganga Bill, 2018
The Draft National River Ganga Bill, 2018 proposes to create a management structure that will supervise the health of River Ganga. The bill provides for a number of restrictions to ensure the “uninterrupted, ecological flow” of the river. These are: a) ban the construction of jetties, ports or “permanent hydraulic structures” in the Ganga, unless permitted… Continue reading Draft National River Ganga Bill, 2018
After plastic bags, ban on water sachets mooted in Araku Valley
Integrated Tribal Regional Development Agency (ITDA), Paderu has planned to enforce a prohibition on the sale of plastic water sachets in Araku valley. Araku valley is a hill station in the Vishakhapatnam district of Andhra Pradesh. It is inhabited my many tribes such as the Kodhu. Water sachets account for half of the plastic waste… Continue reading After plastic bags, ban on water sachets mooted in Araku Valley
What is the lowdown on MGNREGA funding?
The Centre’s flagship rural job guarantee scheme (MGNREGA) got its highest ever allocation of Rs 60,000 crore in the interim Budget 2019-20 but less than the sum of budgetary and supplementary allocation of funds for last year. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) is the largest social security scheme in the world that… Continue reading What is the lowdown on MGNREGA funding?
Centre’s crackdown hits Greenpeace
Greenpeace has been forced to shut two of its regional offices in India owing to financial constraints. Greenpeace is a global non-governmental environmental organization with a presence in many countries including India. The NGO has been barred from receiving foreign donations since 2015 after its bank account was seized under the Foreign Contribution Regulations Act… Continue reading Centre’s crackdown hits Greenpeace
