Daily Current Affairs 4th Feb. 2016 (Free GK Updates)

DAILY CURRENT AFFAIRS: 4 FEB 2016

(Daily News India)

Shared By: WWW.DailyGk.IN

1. FINANCE MINISTRY SETS UP 2 PANELS TO ENSURE CONSISTENCY IN TAX POLICIES

i. The finance ministry with a view to bring consistency in taxation policy has set up two committees one under Finance Minister and other under Revenue Secretary.

ii. The two committees would start functioning from April 1, 2016.

iii. The two committees are:

a.    Tax Policy Council will be headed by the Union Finance Minister and it aims to have a consistent and coherent approach to the issue of tax policy and suggest broad policy measures for taxation.

b.    Tax Policy Research Unit will be headed by the Revenue Secretary and will be a multi disciplinary body. Tax Policy Research Unit will carry out studies on various topics of fiscal and tax policies and assist the TPC in taking appropriate policy decisions.

2. ARUNA SETHI APPOINTED AS FIRST WOMEN HEAD OF INDIAN COST ACCOUNTING SERVICE

i. Aruna Sethi is appointed  as the head of Indian Cost Accounts Service .

ii. She became the first woman to be appointed as head of the Indian cost accounting service.

iii. Indian Cost Accounts Service is  accounting service of the Government of India started in  1978.

3. SARANGI MAESTRO PANDIT RAM NARAYAN SELECTED FOR BHIMSEN JOSHI AWARD

i. Sarangi maestro Pandit Ram Narayan was selected for the Bharat Ratna Pandit Bhimsen Joshi Classical Music Award for 2015-2016.

ii. Pandit Ram Narayan is known as best instrument sarangi master and he became the first internationally successful sarangi player.

iii. Bhimsen Joshi Award is an annual award started by the Maharashtra  given  to individuals who have excelled in classical vocal or instrumental music.

4. PACIFIC RIM NATIONS SIGNED TRANS-PACIFIC PARTNERSHIP AGREEMENT

i. All twelve Pacific Rim countries signed the US led Trans-Pacific Partnership agreement in New Zealand.

ii. This is one of the biggest trade deals in history.

iii. The trade deal will facilitate investment between 12 countries across the Pacific Rim.

iv. The Pacific Rim are the lands around the rim of the Pacific Ocean.

v. Pacific countries are Australia, Cambodia, China, Papua New Guinea, the Philippines, Hong Kong, Indonesia, Laos, Malaysia, New Zealand, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

5. DJ PANDIAN APPOINTED AIIB VICE-PRESIDENT

i. D J Pandian has been appointed vice-president and chief investment officer  of  Asian Infrastructure Investment Bank.

ii. Asian Infrastructure Investment Bank  is  set up to boost lending for infrastructure projects in the Asia-Pacific region.

iii. It will fund infrastructural projects such as energy, urban construction, transportation and logistics as well as education and healthcare.

HEAD QUARTERS OF AIIB: BEIJING, CHINA

PRESIDENT OF AIIB: JIN LIQUN

6. KERALA WINS 61ST NATIONAL SCHOOL ATHLETICS CHAMPIONSHIP

i. Kerala has won the 61st National School Athletics championship in Kozhikode, Kerala.

ii. Kerala become champions in the event for the 19th consecutive time.

7. MAJOR GENERAL JAI SHANKER MENON APPOINTED AS UNDOF HEAD

i. Major General Jai Shanker Menon of India has been appointed as the Head of Mission and Force Commander of the United Nations Disengagement Observer Force .

ii. He will replace Lt Gen Purna Chandra Thapa of Nepal.

iii. United Nations Disengagement Observer Force was established in 1974 by United Nations Security Council after the agreed disengagement of Syrian and Israeli forces to maintain the ceasefire between Syrian and Israeli forces.