DAILY SUMMARY AND ANALYSIS OF THE HINDU in Hindi 17'th June,2017 Presented by Amit Baghel
ABOUT ME Computer Science graduate from JIT, Noida Work experience of 2+ years in MNC Writer by passion, newbie in guitar and civil service aspirant Interest: Music, reading non fiction and watching TV series
Aadhaar must for bank accounts U.S. issues Zika advisorv in India The government, through a notification amending a prevention of money laundering law, has made it mandatory The WHO placed India as a 'Category-2' country for Zika risk.A Category-2, the second highest on a four-point scale and that also includes 2015 Zika-hotspot Brazil Taking note of the World Health Organisation (WHO) categorising India last month as a site of active transmission of the Zika virus, the United States sent out an advisory informing its citizens in India about the number of confirmed Zika infections in India Especially prean It says that that individuals who are eligible to be enrol for an Aadhaar number need to provide that number and the Permanent Account Number (PAN) to open a bank account or conduct any transaction or an amount equal to or exceeding rupees fifty thousand, whether conducted as a single transaction or several transactions that appear to be connected, or any international money transfer operations." me the he government also noted 260 cases of microcephaly, a condition associated with Zika in infants, last year Small accs. not spared The Zika virus is transmitted through the bite of an infected Aedes aegypti mosquito, which also transmits dengue and chikungunya The amendment also tightens the rules unts, which itho documents, by saying that such accounts can only be opened at bank branches that have core banking solutions aving officially valid
Swiss ratify pact on information sharing ISRO set to launch back-up satellite In an attempt to keep India's regional navigation Switzerland ratified automatio exchange of financial account information (AEOI) with India and 40 other jurisdictions to facilitate immediate sharing of details orn suspected black money even as it satellite system fully operational, the Indian Space Research Organisation (ISRO) is preparing to launch a back-up for IRNSS-1A, one of the seven satellites in the constellation, that has been hobbled by the failure of the atomic clocks on board mission, scheduled for late Jul arly August, will The first set of data should be exchanged in 2019 med IRN int Introduction about IRNSS-1A The issue of black money has been a matter of big debate in India, and Switzerland has been long perceived as one of the safest havens for the illicit wealth allegedly stashed abroad by Indians IRNSS-1A is the first of the seven satellites comprising the Navigation Indian Constellation (NavlC), a multi-purpose satellite-based positioning system Hectic parleys between India and Switzerland for introduction of the AEOI on tax matters under the guidance of G20, OECD and other global organisations NavlC has been designed to support vehicle cking, fleet management, disaster nagement and mapping services beside terrestrial, marine and aerial navigation for India
Centre speeds up insolvency process The Insolvency and Bankruptcy Board of India (IBBI) has notified norms for fast-tracking insolvency resolution process for specified category of corporate debtors. rS. This will include small companies, start-ups (other than partnership firms) or unlisted companies with total assets- as reported in the financial statement of the immediately preceding financial year -not exceeding Rs. 1 crore. The process in these cases shall be completed within a period of 90 days, as against 180 days in other cases as per the notification of the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.it added that the adjudicating authority may, if satisfied, extend the period of 90 days by a further period of up to 45 days for completion of the process. Significance oIndia was ranked 136th out of 190 countries in the indicator 'resolving insolvency' in the last edition of the World Bank's (ease of) Doing Business Report. oIn a bid to improve this ranking, the government had carried out the reform of bringing in the IBC and system - including the National Company the new elements of the Indian corporate insolvency ecos Law T
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UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.