{"id":54859,"date":"2019-11-26T21:00:58","date_gmt":"2019-11-26T15:30:58","guid":{"rendered":"https:\/\/blogadmin.forumias.com\/?p=54859"},"modified":"2020-02-27T13:32:49","modified_gmt":"2020-02-27T08:02:49","slug":"9-pm-current-affairs-brief-november-26th-2019","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-november-26th-2019\/","title":{"rendered":"9 PM Current Affairs Brief \u2013 November 26th, 2019"},"content":{"rendered":"\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetailm.aspx?PRID=1593408\"><strong>Atal Beemit\nVyakti Kalyan Yojana<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Union Minister of State (I\/C) for Labour and Employment has informed\nLok Sabha about Atal Beemit Vyakti Kalyan Yojana.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nAtal Beemit Vyakti Kalyan Yojana:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Atal Bimit Vyakti Kalyan Yojana is\na welfare measure being implemented by the Employees State Insurance(ESI)\nCorporation. <\/li><li>The scheme was launched in 2018.It\nis implemented on pilot basis for a period of two years initially.<\/li><li>It offers a relief payable in cash\ndirectly to the Bank Account in case an insured person is rendered unemployed\nand is in search for new engagement.<\/li><li>The scheme is for Insured Persons\ncovered under the Employees\u2019 State Insurance Act, 1948.<\/li><li>Under the scheme,the cash benefit\ngiven to the unemployed persons searching for new employment is 25% of his\naverage earnings of 90 days.<\/li><\/ul>\n\n\n\n<p><strong>Eligibility\nfor the scheme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Insured Person should have\nbeen rendered unemployed during the period the relief is claimed.<\/li><li>The Insured Person should have\nbeen in insurable employment for a minimum period of two years.<\/li><li>The Insured Person should have contributed\nnot less than 78 days during each of the preceding four contribution periods.<\/li><li>The contingency of unemployment\nshould not have been as a result of any punishment for misconduct or\nsuperannuation or voluntary retirement.<\/li><li>In case the IP is working for more\nthan one employer and is covered under the ESI scheme he will be considered\nunemployed only in case he is rendered unemployed with all employers.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nEmployees State Insurance Act,1948:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Employees\u2019 State Insurance Act\n1948 was the first major legislation on social security for workers in India.<\/li><li>The act provides for medical,\ncash, maternity, disability and dependent benefits to the Insured Persons under\nthe Act.<\/li><li>The Act is administered by the\nEmployees&#8217; State Insurance Corporation (ESIC).<\/li><li>The ESIC is a Statutory Body and\nAdministrative body under the Ministry of Labour and Employment,Government of\nIndia.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.ndtv.com\/india-news\/rohtang-tunnel-likely-to-open-in-may-next-year-2137105\"><strong>Rohtang Tunnel\nLikely To Open In May Next Year<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The Rohtang tunnel being built on the Leh-Manali highway may become\noperational in the next six months.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nRohtang Tunnel:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Rohtang tunnel is being built\nin the Eastern Pir Panjal ranges on the Leh-Manali Highway under the Rohtang\nPass.<\/li><li>It will become the world\u2019s longest\nhighway tunnel above 10,000 feet.<\/li><li>The development work of the\nRohtang tunnel project is being carried out by the Border Roads\nOrganisation(BRO).<\/li><li>The project also has significant\nstrategic implications for the military as it will allow access beyond Rohtang\nPass even in peak winters.<\/li><li>The tunnel will reduce the road\ndistance by nearly 46 km and will save up to 5 hours between Manali and\nKeylong.Also,it has the capacity to ply 3,000 vehicles per day under any\nweather condition.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nRohtang Pass:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Rohtang Pass (elevation 3,978 m)\nis located in the state of Himachal Pradesh.<\/li><li>It is present on the Pir Panjal\nRange of Himalayas.It connects the Kullu Valley with Lahaul and Spiti Valleys\nof Himachal Pradesh.<\/li><li>The Ravi river rises west of the\nRohtang pass in the Kullu hills of Himachal Pradesh.<\/li><\/ul>\n\n\n\n<p><strong>About\nBRO:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Border Roads Organisation(BRO)\nwas formed in 1960 to secure India\u2019s borders and develop infrastructure in\nremote areas of the north and north-east states of the country.It functions\nunder the control of the Ministry of Defence since 2015.<\/li><li>BRO executes road construction and\nmaintenance works along the northern and western frontiers primarily to meet\nthe strategic requirements of the army and is responsible for maintenance of\nover 53,000 km of roads.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/food-prices-india-inflation-nomura-global-report-6128965\/\"><strong>Explained:Nomura&#8217;s\nFood Vulnerability Index(NFVI)<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>According to a report by Nomura Global Market Research, India is ranked\n44 out of 110 countries in Nomura&#8217;s Food Vulnerability Index.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nNomura&#8217;s Food Vulnerability Index:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Nomura is a financial services\ngroup with an integrated global network spanning over 30 countries.It is\nheadquartered in Japan.<\/li><li>Nomura\u2019s Food Vulnerability\nIndex(NFVI) ranks countries on the basis of their exposure to large swings in\nfood prices.<\/li><li>NFVI has three components namely\n(a)country\u2019s GDP per person (b)the share of food in household consumption and\n(c)the net food imports.<\/li><li>Typically,lower per capita GDP,\nhigher share of food in household consumption and high net food imports would\nmake a country more vulnerable to spikes in food prices.<\/li><\/ul>\n\n\n\n<p><strong>Key\ntakeaways from the index:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>According to the report,the 50\ncountries most vulnerable to food price surges in the coming months largely\nbelong to the Emerging Market group.<\/li><li>The top 50 together account for\nalmost 60 percent of the global population reflecting the massive number of\nindividuals and households that are vulnerable.<\/li><\/ul>\n\n\n\n<p><strong>Index\non India:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>India has been ranked 44 out of\n110 countries.India was ranked higher due to rise in India\u2019s retail inflation\nat 4.6% because of the jump in food prices.<\/li><li>Under the retail inflation,food\ninflation grew by almost 8% which is almost double the rate of overall retail\ninflation. <\/li><li>The key items that contributed to\nthis rise were pulses (inflation rate 12%), vegetables (inflation rate 26%) and\nfish and meat (inflation rate of 10%).<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1593391\"><strong>Khelo India \u2013\nNational Programme for Development of Sports<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Union Minister of State (I\/C) for Youth Affairs and Sports has informed\nLok Sabha about the Khelo India programme.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nKhelo India Programme:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Khelo India Programme was\nintroduced by the Ministry of Sports and Youth affairs to revive sports culture\nin India at grass-root level. <\/li><li>The objective of the programme is\nto build a strong framework for all sports played in our country and establish\nIndia as a great sporting nation.<\/li><li>The programme is the merger of\nfollowing schemes (a)Rajiv Gandhi Khel Abhiyan(RGKA) (b)Urban Sports\nInfrastructure Scheme(USIS) and (c)National Sports Talent Search Scheme\n(NSTSS).<\/li><li>Under the programme,talented\nplayers are identified in priority sports disciplines at various levels by\nHigh-Powered Committed and each will be provided annual financial assistance of\nRs. 5 lakh for 8 years.<\/li><li>Under this scheme,State wise\nbudget allocation is not made and projects are sanctioned based on their\nviability. Funds are released project wise.<\/li><li>Further,Khelo India School Games\nare also conducted as a part of the Khelo India programme.<\/li><\/ul>\n\n\n\n<p><strong>Components\nof the programme:<\/strong>To accomplish the above objectives,\nKhelo India programme has been divided into 12 verticals,namely:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"444\" src=\"https:\/\/i0.wp.com\/blogadmin.forumias.com\/wp-content\/uploads\/2020\/02\/Picture1-48.png?resize=750%2C444&#038;ssl=1\" alt=\"\" class=\"wp-image-54932\"\/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.thehindubusinessline.com\/economy\/key-wto-body-may-become-dysfunctional-from-december-11\/article30069712.ece\"><strong>Key WTO body\nmay become dysfunctional from December 11<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The World Trade Organization\u2019s(WTO) appellate body could become\ndysfunctional on December 11,2019 as the United States continues to block the\nappointment of members.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nWTO\u2019s Appellate Body:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The World Trade\nOrganization\u2019s(WTO) Appellate Body was set up in 1995.<\/li><li>It is a standing committee of\nseven members that presides over appeals against judgments passed in\ntrade-related disputes brought by WTO members.<\/li><li>The countries involved in a\ndispute over measures purported to break a WTO agreement or obligation can\napproach the Appellate Body if they feel the report of the panel set up to\nexamine the issue needs to be reviewed on legal basis.<\/li><li>The Appellate Body can uphold,\nmodify or reverse the legal findings of the panel that heard the\ndispute.Countries on either or both sides of the dispute can appeal.<\/li><\/ul>\n\n\n\n<p><strong>What is\nthe problem with the Appellate Body:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Over the last two years, the\nmembership of the body has dwindled to just three persons instead of the\nrequired seven. <\/li><li>This is because the United States\nwhich believes the WTO is biased against it has been blocking appointments of\nnew members and reappointments of members who have completed their four-year\ntenures.<\/li><li>At least three people are required\nto preside over an appeal and if new members are not appointed to replace the\ntwo retiring ones, the body will cease to be relevant by December 11,2019.<\/li><\/ul>\n\n\n\n<p><strong>What\nhappens if the body becomes dysfunctional?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>If the appellate body is declared\nnon-functional,it will not be able to review the new applications.<\/li><li>This will compel the countries to\nimplement rulings by the panel even if they feel that gross errors have been\ncommitted.<\/li><li>However,if a country refuses to\ncomply with the order of the panel on the grounds that it has no avenue for\nappeal, it will run the risk of facing arbitration proceedings initiated by the\nother party in the dispute.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nWTO:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The World Trade Organization (WTO)\nis an intergovernmental organization that is concerned with the regulation of\ninternational trade between nations.<\/li><li>The WTO officially commenced in\n1995 under the Marrakesh Agreement signed by 124 nations replacing the General\nAgreement on Tariffs and Trade (GATT).<\/li><li>Currently,it has 164 members and\n22 observer governments with Afghanistan and Liberia being the latest to join.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1593444\"><strong>MILAN Exercise\noff the East Coast<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The Naval Exercise MILAN 2020 is scheduled to be held at Visakhapatnam\nin March,2020.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nExercise MILAN:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>MILAN is a series of biennial\nmultilateral naval exercise conducted by Indian Navy.It was first held in the\nyear 1995.<\/li><li>It is aimed to enhance\nprofessional interaction between friendly foreign navies and learn from each\nother\u2019s strengths and best practices in the maritime domain.<\/li><li>It was conducted at Andaman and\nNicobar Command(ANC) until last year and is being conducted for the first time\non the mainland at Eastern Naval Command(ENC).<\/li><li>The areas of cooperation of the\nexercise includes capacity building, marine domain awareness, training,\nhydrography, technical assistance, and operational exercises.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"750\" height=\"213\" src=\"https:\/\/i0.wp.com\/blogadmin.forumias.com\/wp-content\/uploads\/2020\/02\/Picture2-30.png?resize=750%2C213&#038;ssl=1\" alt=\"\" class=\"wp-image-54935\"\/><\/figure>\n\n\n\n<p><strong>About\nExercise MILAN 2020:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In Exercise MILAN 2020,Indian Navy\nwill host naval officers and sailors from 41 nations.However,China has not been\nextended an invitation to take part in the event.<\/li><li>The 41 countries which have been\ninvited are:-<\/li><\/ul>\n\n\n\n<p><a href=\"http:\/\/www.newsonair.com\/News?title=Taxation-Laws-(Amendment)-Bill%2C-2019-introduced-in-Lok-Sabha&amp;id=375121\"><strong>Taxation Laws\n(Amendment) Bill, 2019 introduced in Lok Sabha<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Finance Minister has introduced the Taxation Laws (Amendment) Bill,\n2019 in the Lok Sabha.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>Key\nfeatures of the bill:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Currently, domestic companies with\nan annual turnover of up to Rs 400 crore pay income tax at the rate of 25%.For\nother domestic companies, the tax rate is 30%.&nbsp;\n<\/li><li>The bill provides domestic\ncompanies with an option to pay tax at the rate of 22% plus surcharge at 10%\nand cess at 4% provided they do not claim certain deductions under the Income\nTax Act.They would also not be subjected to Minimum Alternate Tax(MAT).<\/li><li>These include deductions for: (a)\nnewly established units in Special Economic Zones (b) expenditure on scientific\nresearch and skill development projects (c) investment in new machinery\/ plant\nin notified backward areas (d) depreciation of new machinery\/ plant and (e)\nvarious other provisions.<\/li><li>The bill also provides for new\ndomestic manufacturing companies with an option to pay income tax at the rate\nof 15% plus surcharge and Cess provided manufacturing unit must be incorporated\non or before October,2019 and must start production by March,2023.<\/li><li>Further,the bill also specifies\nthat the provisions regarding payment of Minimum Alternate Tax(MAT) will not\napply to companies opting for the new tax rates.<\/li><li>However,a company which does not\nopt for the concessional tax regime and avails the tax exemption\/incentive\nshall continue to pay tax at the pre-amended rate.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nMAT:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>MAT stands for Minimum Alternative\nTax.It was introduced by the Finance Act,1987 with effect from assessment year\n1988-89.Later on,it was withdrawn and then reintroduced in 1996.<\/li><li>The objective of introduction of\nMAT is to bring into the tax net zero tax companies who in spite of having\nearned substantial book profits(the profit shown in the profit and loss\naccount) do not pay tax due to various tax concessions and incentives provided\nunder the Income-tax Law.<\/li><\/ul>\n\n\n\n<p><strong>About\nCess and surcharge:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A cess is a tax that is levied by\nthe government to raise funds for a specific purpose.<\/li><li>On the other hand,Surcharge is an\nadditional charge or tax levied on an existing tax.Unlike cess,which is meant\nto raise revenue for a temporary need,surcharge is usually permanent in nature.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/indianexpress.com\/article\/explained\/explained-what-is-the-bodoland-dispute-and-who-are-the-ndfb-6136083\/\"><strong>Explained: What\nis the Bodoland dispute, and who are the NDFB?<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>The central government extended the ban on the Assam-based insurgent\ngroup National Democratic Front of Bodoland(NDFB) under the Unlawful Activities\n(Prevention) Act,1967 by five more years.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nBodoland Dispute:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Bodos are the single largest\ntribal community in Assam making up over 5-6% of the state\u2019s population.They\nhave controlled large parts of Assam in the past.<\/li><li>The Bodos have had a long history\nof separatist demands marked by armed struggle.They demanded for a separate\nstate called Bodoland.<\/li><li>This demand led to the signing of\nBodo Accord in 2003.The accord provides for the establishment of a Bodoland\nTerritorial Council under Sixth Schedule of the Constitution of India. <\/li><li>The four districts in Assam namely\nKokrajhar, Baksa, Udalguri and Chirang constitutes the Bodo Territorial Area\nDistrict(BTAD).<\/li><\/ul>\n\n\n\n<p><strong>About\nNational Democratic Front of Bodoland(NDFB):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The National Democratic Front of\nBodoland(NDFB) is an armed separatist outfit which seeks to obtain a sovereign\nBodoland for the Bodo people.<\/li><li>It is designated as a terrorist\norganisation by the Government of India. NDFB traces its origin to Bodo\nSecurity Force, a militant group formed in 1986. <\/li><li>The current name was adopted in\n1994 after the group rejected Bodo Accord signed between the Government of\nIndia and ABSU-BPAC. <\/li><li>The group has carried out several\nattacks in Assam targeting non-Bodo civilians as well as the security forces.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nSixth Schedule of the Indian Constitution:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Constitution of India makes\nspecial provisions for the administration of the tribal dominated areas in four\nstates namely Assam, Meghalaya, Tripura and Mizoram.<\/li><li>As per article 244 and 6th\nSchedule,these areas are called \u201cTribal Areas\u201d,which are technically different\nfrom the Scheduled Areas under fifth schedule.<\/li><li>The Governors of these four states\nare empowered to declare some tribal dominated districts \/ areas of these\nstates as autonomous districts and autonomous regions.<\/li><li>It provides for the creation of\nautonomous District and Regional Councils in these tribal areas and they enjoy\na certain degree of administrative, legislative, judicial and financial\nautonomy.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/www.livemint.com\/politics\/news\/centre-tables-spg-bill-in-lok-sabha-after-pulling-out-cover-from-gandhis-11574685408608.html\"><strong>Centre tables\nSPG (Amendment) Bill in Lok Sabha<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Government has introduced the SPG (Amendment) Bill in the Lok Sabha.<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nthe SPG (Amendment) Bill:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The bill amends the Special\nProtection Group Act,1988.It entitles only the country\u2019s Prime Minister to\nsecurity services from the Special Protection Group(SPG).<\/li><li>The Bill has also sought to\nprovide SPG cover to the former Prime ministers and their family members not\nbeyond five years from the date the Prime Minister demits office <\/li><li>At present,the law allows the SPG\nto protect former Prime Ministers and their families for a period of 10 years\nafter the end of term.Additionally,it leaves the scope for an extension of the\ncover beyond ten years in case the perceived threats justifies it.<\/li><li>The bill also says that SPG will\nnot provide security to family members of a prime minister and former PMs if\nthey do not live with them in their official residence.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nSPG:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Special protection group(SPG) was\nset up in 1985 after the assassination of former prime minister Indira Gandhi\nas an executive body on the recommendation of Birbal Nath committee.<\/li><li>Later on it became a statutory\nbody under Special Protection Group Act,1988.<\/li><li>SPG is governed by the Cabinet\nsecretariat of India.It is headed by an officer of the rank of\ninspector-general.<\/li><li>The act was amended in 2002 to\nmake provision for an annual review.The review is based on threat perception\nthat is conducted by security agencies.<\/li><\/ul>\n\n\n\n<p><a href=\"https:\/\/pib.gov.in\/PressReleseDetail.aspx?PRID=1593438\"><strong>Corporate\nSocial Responsibility undertaken by Oil PSUs<\/strong><\/a><\/p>\n\n\n\n<p><strong>News:<\/strong>Union Minister for Petroleum and Natural Gas has informed Lok Sabha\nabout the initiatives undertaken by Oil PSUs as part of their Corporate Social\nResponsibility(CSR).<\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<p><strong>About\nCorporate Social Responsibility(CSR):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Corporate social\nresponsibility(CSR) was initiated through the Companies Act, 2013.<\/li><li>The act mandates companies and\ngovernment organisations with (a)turnover of Rs1,000 crore or more(b)net worth\nexceeding Rs 500crore or (c)having more than Rs 5 crore in net profits to spend\n2% of average net profit of the preceding three years on CSR.<\/li><li>The provisions of CSR are not only\napplicable to Indian companies but also applicable to branch and project\noffices of a foreign company in India.<\/li><li>The qualifying company is required\nto constitute a CSR Committee consisting of 3 or more directors.<\/li><li>The Committee will formulate and\nrecommend to the Board, a policy which indicates the activities to be\nundertaken, allocate resources and monitor the CSR Policy of the company.<\/li><li>The CSR amount can be spent on\ninitiatives that would have social, economic and environmental impact or a way\nto give back to the society.<\/li><li>Government has also widened the\nscope of CSR activities and companies can now contribute towards research\nacross various fields such as science, technology and medicine. <\/li><li>Besides,CSR funds can also be\nspent on incubators funded by the Centre or state or any state-owned companies.<\/li><\/ul>\n\n\n\n<p><strong>Additional\ninformation:<\/strong><\/p>\n\n\n\n<p><strong>About\nInjeti Srinivas Committee on CSR:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Government had formed a High Level\nCommittee on Corporate social responsibility(CSR) under the Chairmanship of\nCorporate Affairs Secretary Injeti Srinivas.<\/li><li>The committee has recommended that\nCSR expenditure should be eligible for tax deduction under the income tax\nlaw.Currently,income tax law does not allow CSR spends as tax deductible\namount.<\/li><li>It has suggested to align Schedule\n7 of the Companies Act which outlines the kinds of activities that qualify as\nCSR with the United Nations Sustainable Development Goals.<\/li><li>It has also recommended a\nprovision to carry forward of unspent CSR balance for a period of three to five\nyears.<\/li><li>The violation of CSR compliance\nmay be made a civil offence and shifted to the penalty regime.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Atal Beemit Vyakti Kalyan Yojana News:Union Minister of State (I\/C) for Labour and Employment has informed Lok Sabha about Atal Beemit Vyakti Kalyan Yojana. Facts: About Atal Beemit Vyakti Kalyan Yojana: Atal Bimit Vyakti Kalyan Yojana is a welfare measure being implemented by the Employees State Insurance(ESI) Corporation. The scheme was launched in 2018.It is&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/9-pm-current-affairs-brief-november-26th-2019\/\">Continue reading <span class=\"screen-reader-text\">9 PM Current Affairs Brief \u2013 November 26th, 2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":48116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-54859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-9-pm-brief","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2019\/06\/9-PM-Brief.png?fit=1000%2C500&ssl=1","views":{"total":0,"cached_at":"","cached_date":1704716345},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54859","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=54859"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/54859\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/48116"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=54859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=54859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=54859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}