Page-28 of IBPS

CBDT sets up panel to recommend steps to reduce litigation

July 19, 2014

In an unprecedented move, the Central Board of Direct Taxes (CBDT)set up a six-member panel to examine the “efficacy” of the existing primary litigation mechanism in the Income Tax (IT) Department. The step has been taken in the wake of ..

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German World Cup-winning captain Philipp Lahm retires

July 19, 2014

Philipp Lahm, the captain of Germany’s football team, announced his retirement from international football. His retirement announcement comes just five days after Germany led by him bagged its fourth football World Cup defeating Argentina in the final of the 2014 ..

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Typhoon Rammasun (Glenda) hits Philippines

July 19, 2014

Even as the Philippines was trying to recover from the destruction caused by super typhoon Haiyan last year, another typhoon Rammasun smashed large parts of the Philippines killing one person and forcing hundreds of thousands to take shelter in evacuation ..

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Malaysia Airlines aircraft MH17 crashed in Ukraine

July 18, 2014

In a tragic and shocking incident, Malaysia Airlines Flight 17 (MH17/MAS17), a commercial aircraft on its scheduled flight from Amsterdam to Kuala Lumpur, crashed in east Ukraine. It is suspected to have been shot down with a BUK surface-to-air missile. ..

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SC notice to all states and UTs on the issue of legalizing euthanasia

July 18, 2014

The Supreme Court has issued notice to all states and Union territories on a plea for legalizing passive euthanasia. The apex court issued the notice on a petition filed with it, saying the question of passive euthanasia (mercy killing) needs ..

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Business 20 (B20) Australia Summit opens in Sydney

July 18, 2014

The business leaders of G20 countries held a meeting named Business 20 (B20) Australia Summit in Sydney. They issued a blueprint for G20 leaders to boost economic and job growth and make global economy more resilient to deal with any ..

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Delhi Budget 2014: Highlights

July 18, 2014

Budget of a State/Union Territory under President’s Rule: Budget of a State under President’s rule is presented to Lok Sabha. The procedure followed in regard to the Budget of the Union Government is followed in the case of State Budget also ..

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RBI issues draft guidelines for setting up small banks, payment banks

July 18, 2014

The Reserve Bank of India (RBI) issued draft guidelines for setting up of small banks, which will have a local feel and will provide small-ticket loans to farmers and businesses. The apex bank also issued draft norms for establishing payment ..

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Prakash Kohli sworn in as Governor of Gujarat

July 17, 2014

Former Rajya Sabha member and veteran leader of the Bharatiya Janata Party (BJP), Mr. Om Prakash Kohli was sworn in as Gujarat Governor. Mr. Kohli’s appointment follows the unceremonious exit of former Gujarat Governor Kamla Beniwal. Mr. Kohli was the president ..

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BRICS to establish $100 billion development bank and contingency reserve fund

July 17, 2014

BRICS group of nations inked a pact to set up a new $100 billion development bank and emergency reserve fund. The agreement to create the bank was signed during the 6th BRICS Summit being held in Fortaleza, Brazil. BRICS group ..

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