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News Updates & Current Affairs 8 August 2015

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9 Key News Updates & Current Affairs 8 August for you

1. Tripura Legislative Assembly passes resolution on abolishing death penalty

Tripura Legislative Assembly has unanimously passed a resolution for abolishTHJVN_TRIPURA_ASSE_2501891fing death penalty and to provide imprisonment up to death in case of heinous crimes. The resolution to send a proposal in this regard to Union Government was forwarded by Congress MLA Jitendra Sarkar.

2. South Indian states to constitute Inter-State Coordination Council to resolve forest-related issues

Inter-State panel for wildlife protection South Indian states have decided to constitute Chief Minister Oommen Chandy with Forest Ministers (from left) B. Ramanath Rai (Karnataka), Thiruvanchoor Radhakrishnan, (Kerala) Jogu Ramanna (Telangana), and B. Gopalakrishna Reddy (Andhra Pradesh) at the Southern Forest Ministers’ Conference in the capital on Thursday. –Photo: S. Gopakumar‘Southern Forest Ministers’ Interstate Coordination Council (ISCC) to improve concerted collective efforts for protection of forests and wildlife of the region. Decision in this regard was taken in a conference of forest ministers of southern states held in Thiruvananthapuram, Kerala. Read More

3. Government to impose 10 per cent import duty on wheat

Government has decided to impose 10 per cent import duty on wheat to discouragewheat-625_625x350_61439015108 wheat importers, applicable from 31 March 2016 after the gap of eight years. This move was taken in wake of increased overseas purchase of wheat when adequate domestic stock is present in India. Read More

4. Atul Keshap appointed as US Ambassador to Maldives and Sri Lanka

Atul Keshap Indian-American Atul Keshap has been appointed as the United States (US) Ambassador to Maldives and Sri Lanka. With this appointment he became the second Indian-origin US diplomat to be posted as Ambassador to the region after Richard Rahul Verma (US Ambassador to India). Read More

5. Centre accorded Food Park status to three industrial parks in Odisha.

Three more food processing industries in Odisha have been accorded the status of designated food parks by the Ministry of Food Processing Industries (MoFPI) on 7 August 2015. The three industrial estates that got food park status are Agro Industrial Estate for maize, Nabarangpur, Jagatpur industrial estate in Cuttack and Mancheswar industrial estate in Bhubaneswar. Read More

6. India imposed anti-dumping duty on Vitamin-C imports from China

To safeguard the interest of domestic industries of India, government on 6 August extended anti-dumping duty on import of all forms and grades of Vitamin C from China for the period of five years. Earlier in 2009 government had imposed the anti-dumping duty which was later extended till June 2015 and now further extended to five more years with the duty of USD 3.74 for per kg of Vitamin-C import from China. Read More

7. Modi declares August 7 as National Handloom Day to mark Swadeshi movement

To commemorate the 1905 Swadeshi movement the Prime Minister Narendra Modi announced August 7 as ‘National Handloom Day’ at the function held in Chennai. At the event PM Modi also launched the ‘India Handloom’ brand to help weavers with brand for global markets. The day 7 August was selected to commemorate the 110 year old Swadeshi Movement, which promoted use of domestic products over British products.

8. Rajasthan signs MoUs for Rs 2,452-cr investments at the investment meet in New Delhi

Chief Minister of Rajasthan Vasundhara Raje signed memorandums of understanding (MoUs) worth 2,452 crore rupees at an investor event organised in New Delhi. The event was organised in association with the Confederation of Indian Industry (CII) by the Bureau of Industry Promotion in Rajasthan. Investment pacts were signed between the state government and several private companies that plan to set up industrial units in Rajasthan. Read More

9. Central Board of Direct Taxes (CBDT) signed first Advance Pricing Agreements (APAs) with ‘Rollback’ provision.

In order to bring certainty in tax liability and avoid disputes in taxation with the multinationals operating in India, the Central Board of Direct Taxes (CBDT) for the first time has entered into an Advance Pricing Agreements (APAs) with ‘Rollback’ provision with the two US MNCs. Advance Pricing Agreements (APAs) with ‘Rollback’ provision facilitates tax liability for future transactions for five years and transactions of previous four years that now provide tax certainty to applicant for nine years altogether, which was mere five regular years of APAs initially.
News Stories from earlier this month
7 August 2015
6 August 2015
5 & 4 August 2015
3 August 2015
2 August 2015
1 August 2015

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