Lok Sabha passes Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015

Lok Sabha on 11 May 2015 passed Undisclosed Foreign Income and Assets (Imposition of Tax) Bill, 2015 by a voice vote. The bill seeks to deal with the menace of black money and to replace the Income Tax (IT) Act, ..

Month: Current Affairs - May, 2015

Justice Cyriac Joseph appointed as acting Chairman of NHRC

President Pranab Mukherjee has appointed Justice Cyriac Joseph as acting Chairman of National Human Rights Commission (NHRC). His appointment comes after then Chairman of NHRC Justice K.G. Balakrishnan completed his tenure. He will remain in office till new Chairman is ..

Month: Current Affairs - May, 2015

MIDC inks MoU with SIDBI to raise Rs 200-crore fund for MSMEs

Maharashtra Industrial Development Corporation (MIDC) has inked memorandum of understanding (MoU) with state-run Small Industries Development Bank of India (SIDBI) to provide easy finance to micro, small and medium enterprises (MSMEs) for their growth. The MoU was signed Ananta P ..

Month: Current Affairs - May, 2015

Satish Reddy appointed as Chairman of National Safety Council

Union Ministry of Labour and Employment has appointed K Satish Reddy as the chairman of the National Safety Council (NSC). He will succeed Venu Srinivasan, who was appointed in July 2011. As the chairman of the NSC, Mr. Reddy will ..

Month: Current Affairs - May, 2015

Asiatic lion population in Gir sanctuary increases to 523: Census report 2015

According to 2015 census report, the number of Asiatic lions in Gir sanctuary of Gujarat and its surrounding areas has gone up to 523. This 14th census lion census, has registered 27 percent increase in the number of Asiatic lions ..

Month: Current Affairs - May, 2015

Dedicated E-Commerce Centre of India Posts launched in New Delhi

Dedicated E-Commerce Centre of India Posts, a government-operated postal system was launched in New Delhi to cater the e-commerce business enterprises. It was launched by Union Communication and IT Minister Ravi Shankar Prasad at Safdarjang, New Delhi. This project is ..

Month: Current Affairs - May, 2015

KV Kamath named as first President of New Development Bank of BRICS nations

Eminent banker Kundapur Vaman Kamath was appointed as first President New Development Bank (NDB) of BRICS nations. He will have of five year term after the bank becomes operational within one year. About Kundapur Vaman Kamath Born on 2 December ..

Month: Current Affairs - May, 2015

Winners of 2015 Mutua Madrid Open

Men’s singles Title Britain’s ace tennis player Andy Murray has won the 2015 Mutua Madrid Open Men’s Singles Title. In the final match he defeated defending champion Rafael Nadal of Spain by 6-3, 6-2 score. This is Andy Murray’s first ..

Month: Current Affairs - May, 2015