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3rd August {Part 1} (in Hindi)
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Ayussh Sanghi
Passionate Educator - CSE / Other Govt Exams [Peep into my Unacademy Plus Courses & experience awesome learning.]

Unacademy user
Economy nd finance part is Very well explained.... Very beneficial
ANTARCTICA STATIONS 1.BHARATI(NEWEST) 2.MAITRI 3.DAKSHIN GANGOTRI ARTIC STATION HIMADRI
sir, if Benami transactions amendment bill has become an act in 2016, why it has been mentioned as bill in some slides?
bharati( recent one) dakshin gangotri nd maitri
awesome lecture guruji..
  1. 10.00 We want to pass Ball to reverse Sc/ST Act ruling in this session Rajnath page Editorul. page Rakilacuses Sushma of buckling under pressure from China Army. police clear ltarare drects as Oppositkon eakr claisns victory ohlk's majestic Innings back on day two Trinamool team held at airport in Assam NEAR BY Off to home It had gone on a visit to assess NKC update fallout Khaira holds The palke aled hed sp and detald leaders fro et Bengl at the Kumbba The righ MP and had arrived ona he updated hiHome Ministry datn aing wh plans hearings ll. S dlu pin hopes on imran khan an tean di Ihrer 2 puMP per an e honlone M er R mah ibrgrdth the police had the National Renner of a the se wThey feel he will it ne sice to see hjourof the House dary wih the pervonalhearigs uder Sanghi's MCQ Digest 3rd August, 2018 The Hindu +The Indian Express + PIB + others


  2. Follow me: YouTube Youtube Channel- Ayussh Sanghi Tube Telegram Channel -ASanglhi Facebook Page - @ CAAyussh Sanghi OAyussh Sanghi's MCQ DIGEST


  3. 14:03 unacademy.com unacademy Back to Plus Ace Economy: Prepare for High scores (PCM) Ayussh Sanghi 183k followers In this course, Ayussh will comprehensively cover Indian Economy Prelims cum Mains, which will provide a detailed understanding of the topics that will be helpful in solving subjective type questions as well as objective based questions. Next Class on 15th September - 8:30 pm Sessions Watched: 0/41


  4. PART 1 CAyussh Sanghi's MCQ DIGEST


  5. NATIONAL NEWS CAyussh Sanghi's MCQ DIGEST


  6. Q Consider the following statements about the recently passed Benami Transactions (Prohibition) Amendment Act, 2016: The Amendment Act specifies certain cases which will be exempt from the definition of a benami transaction 1. 2. The Amendment Act seeks to establish an Appellate Tribunal to hear appeals against any orders passed by the Adjudicating Authority 3. Certain sessions courts would be designated as Special Courts for trying any offences which are punishable under the Bill Which among the statements given above is/are correct? a) 1 and 2 only b) 2 and 3 only c) 1 and 3 only d) 1, 2 and 3 CAyussh Sanghi's MCQ DIGEST


  7. Prosecution under Benami Act stuck tiously as possible" No special courts set up for the purpose yet In the net The Dept. has so far made attachments in more than 1,600 cases under the Act .The amended Benami Transactions (Prohibition) Act, 1988, came into force in November 2016 "Every endeavour shall be made by the special court to conclude the trial within six months from the date of fil ing of the complaint," says The attached properties include parcels of land, flats, shops, the Act. DEVESH K. PANDEY NEW DELHI vehicles and bank However, an official said, in all, 24 Prohibition Income-Tax deposits The prosecution of accusedBenami persons in almost 100 con firmed cases instituted un-Units of the der the Benami Transactions Prohibition) Act has scut bn set up tled as the special courts meant for the purpose have not yet been set up across the country the required special courts have not been set up yet. Therefore, despite the fact that investigations in almost 100 cases have been com- pleted by the I-T Department in different States, including confirmation of attachment of properties by the Adjudi Total on- paper worth of the attached immovable Department assets is more than 3,400 crore across India Department under the law. Courts, will establish special courts through notification. The Act provides that the Assets worth more than Central government, in con Such courts are to be consti- cating Authority, the prose 5,000 crore have been at sultation with the Chief Jus-tuted to ensure that the trials cution of accused persons tached by the Income -Tax tice of the respective High are conducted "as expedi- has not started. SEVENTH PAGE THE HINDU


  8. Benami Transactions (Prohibition) Amendment Act, 2016 Though the Benami Transactions (Prohibition) Act, 1988 has been on the statute book since more than 28 years, the same could not be made operational because of certain inherent defects. With a view to providing effective regime for prohibition of benami transactions, the said Act was amended through the Benami Transactions (Prohibition) Amended Act, 2016 The amended law empowers the specified authorities to provisionally attach benami properties which can eventually be confiscated. CAyussh Sanghi's MCQ DIGEST


  9. Benami Transactions (Prohibition) Amendment Act, 2016 1. The Act defines a benami transaction as a transaction where a property is held by a person, but has been provided for or paid by another person. The Bill amends this definition to add other transactions which qualify as benami, such as property transactions where: (i) the transaction is made in a fictitious name, (i) the owner is not aware of denies knowledge of the ownership of the property, or (ii) the person providing the consideration for the property is not traceable. 2. The Bill specifies certain cases will be exempt from the definition of a benami transaction. These include cases when a property is held by: () a member of a Hindu undivided family, and is being held for his or another family member's benefit; (ii) a person in a fiduciary capacity; (ii) a person in the name of his spouse or child, and the property has been paid for from the person's income; and the Bill defines benamidar as the person in whose name the benami property is held or transferred, and a beneficial owner as the person for whose benefit the property is being held by the benamidar. CAyussh Sanghi's MCQ DIGEST


  10. Benami Transactions (Prohibition) Amendment Act, 2016 3. Under the Act, an Authority to acquire benami properties was to be established by the Rules. The Bill seeks to establish four authorities to conduct inquiries or investigations regarding benami transactions: () Initiating Officer, (i) Approving Authority, (ii) Administrator and (iv) Adjudicating Authority. 4. If an Initiating Officer believes that a person is a benamidar, he may issue a notice to that person. The Initiating Officer may hold the property for 90 days from the date of issue of the notice, subject to permission from the Approving Authority. At the end of the notice period, the Initiating Officer may pass an order to continue the holding of the property 5. If an order is passed to continue holding the property, the Initiating Officer will refer the case to the Adjudicating Authority. The Adjudicating Authority will examine all documents and evidence relating to the matter and then pass an order on whether or not to hold the property as benami. 6. Based on an order to confiscate the benami property, the Administrator will receive and manage the property in a manner and subject to conditions as prescribed. CAyussh Sanghi's MCQDIGEST


  11. Benami Transactions (Prohibition) Amendment Act, 2016 7. The Bill also seeks to establish an Appellate Tribunal to hear appeals against any orders passed by the Adjudicating Authority. Appeals against orders of the Appellate Tribunal will lie to the high court. 8. Under the Act, the penalty for entering into benami transactions is imprisonment up to three years, or a fine, or both. The Bill seeks to change this penalty to rigorous imprisonment of one year up to seven years, and a fine which may extend to 25% of the fair market value of the benami property. 9. The Bill also specifies the penalty for providing false information to be rigorous imprisonment of six months up to five years, and a fine which may extend to 10% of the fair market value of the benami property 10.Certain sessions courts would be designated as Special Courts for trying any offences which are punishable under the Bill. CAyussh Sanghi's MCQ DIGEST


  12. Q Consider the following statements about the recently passed Benami Transactions (Prohibition) Amendment Act, 2016: The Amendment Act specifies certain cases which will be exempt from the definition of a benami transaction 1. 2. The Amendment Act seeks to establish an Appellate Tribunal to hear appeals against any orders passed by the Adjudicating Authority 3. Certain sessions courts would be designated as Special Courts for trying any offences which are punishable under the Bill Which among the statements given above is/are correct? a) 1 and 2 only b) 2 and 3 only c) 1 and 3 only d) 1.2 and 3 CAyussh Sanghi's MCQ DIGEST


  13. With rain deficit looming, IMD to review' forecast Shortfall unlikely to impede agriculture ACOB KOSHY NEW DELH Amidst concerns that mon soon rain could fall short o "normal," the India Meteor ological Department (IMD) is reviewing its projections. Women farmers returning home amid drizzle, on the outskirts Officials, however, told of Bhubaneswar. *B5WARANJAN ROUT The Hindu that while July rains were less than expect to September would be at monsoon rains, overall, ed, the shortfall was con- 92% of the historical Long would be 97% of the LPA. Ju- fined to the northeastern Period Average (LPA) of 89 ly would see excess rains states of India and below- cm. It had earlier forecast (101% of that month's LPA) normal rains were unlikely the rains to be "normal" or and August would see a to impede agriculture pro- 100% of the LPA. The larger, shortfall (94% LPA), it had duction. It is expected to than-anticipated shortfall in said. take a call before the wee July and anticipated weak We are reviewing the sit kend on whether to stick to rains during the whole of uation, and will soon issue a or downgrade -its May 30 August were key dampen statement. The monsoon forecast ers. The IMD hasn't indicat has spread well to all the On Wednesday, private fo- ed any change in s nm agriculturally-important re recaster Skymet Weather bers. On May 30, in an gions," said KJ. Ramesh, Di- said monsoon rains -June official update, it said that rector-General, IMD SEVENTH PAGE-THE HINDU


  14. ECONOMICS AND FINANCE CAyussh Sanghi's MCQ DIGEST


  15. SENSEX Sensex or Sensitive Index is a value-weighted index composed of 30 companies with the base 1978-1979 100 It consists of the 30 largest and most actively traded blue chip stocks, representative of various sectors, on the Bombay Stock Exchange. . Inclusion of the company is basically on the basis of market capitalisation. The 30 companies in the index are revised periodically - some are replaced by others and new sectors may find representation as the economy evolves. SENSEX is considered as the most important index because it provides long time-series data on share prices with base year of 1979. CAyussh Sanghi's MCQ DIGEST


  16. CNX NIFTY The Standard & Poor's CRISIL NSE Index 50 or S&P CNX Nifty, Nifty 50 or simply Nifty is the leading index for large companies on the National Stock Exchange of India. The Nifty is a well diversified 50 stock index accounting for 21 sectors of the economy. The CNX Nifty Junior is an index for companies on the National Stock Exchange of India. It consists of 50 companies on the National Stock Exchange of India. It has the second tier of stocks in terms of market capitalisation, whiclh don't make it into Nifty CAyussh Sanghi's MCQ DIGEST


  17. GREENEX The BSE has launched the Green Index called Greenex. This is India's first carbon-efficient live index. The index has been developed by the BSE in collaboration with IIM Ahmedabad. It is the second thematic index launched by BSE BSE Greenex will measure the performances of companies in terms of carbon emissions. The index will target socially-aware investors. There are many investors willing to pay a premium for green investments in companies to get better returns. .The new index will comprise 20 stocks based on a minimum carbon footprint, market capitalisation and turnover. The BSE Greenex will assess the energy efficiency of firms, based on energy and financial data. CAyussh Sanghi's MCQ DIGEST


  18. CARBONEX The Bombay Stock Exchange (BSE) has launched BSE Carbonex, the first carbon-based thematic index in the country, which takes a strategic view of organisational commitment to climate change mitigation. This index has been launched with the aim of creating a benchmark, and increasing awareness about the risks posed by climate change. It will enable investors to track performance of the constituent companies of BSE-100 index regarding their commitment to greenhouse gases emission reduction. Constituents of BSE Carbonex are over or underweighted compared to the benchmark based on their performance in the assessment process. . In every industry, companies that achieve the strongest assessment scores are favoured at the expense of those achieving poor results. CAyussh Sanghi's MCQ DIGEST