World Nature Conservation Day
· World Nature Conservation day is celebrated on July 28 across the world in order to raise awareness about protecting nature and conserving our natural resources.
· With problems like deforestation and illegal wildlife trade on the rise, nature conservation has gone up on the list of priorities for a lot of countries.
· In India, the increased urbanisation has led to issues like lack of wildlife habitat, loss of forest cover and pollution. The government has recognised this as a problem and taken initiative to reverse it.
World Hepatitis Day 2016 is Observed on 28th July, Raise Awareness to Combat Hepatitis B and C
· On 28 July World Hepatitis Day (WHD)brings the world together to raiseawareness of the huge burden ofviral hepatitis and to influence realchange in disease prevention andaccess to testing, treatment and care.
· One of just four disease-specific globalawareness days officially recognised bythe World Health Organization (WHO),WHD unites patient organisations,governments and the general public toboost the global profile of hepatitis.
· WHD2016 signals the start ofsomething big - the launch ofNOhep, a global movementto eliminate viral hepatitis by2030.
· The theme for this year’s globalcampaign is ELIMINATION.2016 is a pivotal year for viralhepatitis. At the World HealthAssembly in May, WHO MemberStates are set to adopt the firstever Elimination Strategy forViral Hepatitis
Union Cabinet approves Bilateral Investment Treaty between India and Cambodia
Key Facts
- The Treaty seeks to promote and protect investments in either country with the objective of increasing bilateral investment flows.
- It also seeks to encourage each country to create favourable conditions (climate) for investors of the other country to make investments in its territory and also to admit investments in accordance with its laws.
- This Treaty is the first Bilateral Investment Treaty (BIT) signed between both countries in accordance with the text of the Indian Model BIT which was approved by the Union Cabinet in December, 2015.
Union Cabinet approves key changes to GST Constitutional Amendment Bill
The Union Cabinet has approved amendments to the GST (goods & services tax) constitutional amendment Bill in order to incorporate suggestions made by states. This decision follows a crucial meeting of the Empowered Committee of State Finance Ministers on GST with Union Finance Minister Arun Jaitley.Cabinet has approved
- Removal of 1% additional tax on inter-state sales as proposed in the Constitutional Bill. Removal of 1% additional manufacturing levy tax by manufacturing States from the Bill.
- Inclusion of five years compensation clause for state governments for any loss that they may incur.
- Adjudication of dispute between states and the Union Government by the GST Council, which will have representation from both the Centre and states.
Union Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%
The Union Cabinet has given its approval for raising foreign shareholding limit from current 5% to 15% in Indian Stock Exchanges. The decision brings the investment limit of foreign entities at par with that of domestic institutions. This enhanced limit is for a stock exchange, depository, banking company, insurance company and commodity derivative exchange. Additionally, the Union Cabinet also gave its approval for foreign portfolio investors to acquire shares through initial allotment, besides secondary market, in the stock exchanges.
Implications
- Enhance global competitiveness of Indian stock exchanges.
- Enable Indian stock exchanges to acquire and adopt latest technology and global best practices.
- Pave way for better overall growth and development of the Indian capital marke
IRCTC to launch travel insurance facility at Re 1
· The Indian Railway Catering and Tourism Corporation (IRCTC) has set to launch the facility of travel insurance for passengers who book tickets on its website.
· The service, scheduled to come into effect from September, can be availed at a premium of Re 1.
· The scheme offers passengers or their families’ compensation of up to Rs 10 lakh in the event of death or permanent total disability, Rs 7.5 lakh for permanent partial disability, up to Rs 2 lakh for hospitalisation expenses.
· The scheme is being implemented by the IRCTC in partnership with ICICI Lombard General Insurance, Royal Sundaram and Shriram General.
Andhra Pradesh seeks Rs 7,269 crore central sales tax dues
· State Finance Minister YanamalaRamakrishnudu made this plea to Union Finance Minister ArunJaitley at the Empowered Committee meeting of Finance Ministers in New Delhi, a press release from the state's Information and Public Relations Department said.
· Andhra Pradesh is scheduled to get Rs 935.74 crore for 2012-13 fiscal yearRs 2,247.98 crore for 2013-14 and Rs 618.19 crore till June in 2014-15 fiscal before the bifurcation of the state.
Canara Bank gets shareholders nod to raise capital
· Canara Bank has got shareholders’ approval to raise its capital by up to Rs 2,000 crores.
· RBI has imposed a penalty of Rs 2 crores on it for violation of anti-money laundering norms.
· The capital adequacy ratio of the bank, as on March 31, 2016, stood at 11.08 per cent, and was well above the 9 per cent stipulated (demand or specify (a requirement), typically as part of an agreement) by the Reserve Bank.
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