DAILY CURRENT AFFAIRS: 12 DEC 2015
(Daily News India)
1. INDIA AND JAPAN SIGNED PROTOCOL TO AMEND DOUBLE TAXATION
AVOIDANCE PACT
i. The Government of India and the Government of Japan inked a
protocol for amending the present convention for the avoidance of double
taxation.
ii. This pact will help in preventing the fiscal evasion with
respect to taxes on income.
iii. It will also help in sharing the information received from
Japan in respect of a resident of India can be shared with other law
enforcement agencies.
iv. India and Japan will also provide assistance to each other in
the collection of revenue claims.
2. SALMAN RUSHDIE GOT MAILER PRIZE FOR LIFETIME ACHIEVEMENT
i. India-born author Salman Rushdie was awarded with the
prestigious Mailer Prize for lifetime achievement.
ii. The prestigious Mailer Prize is given to those writers who fully
exercise their freedom of creativity and thrive on dialogue and debate.
iii. Rushdie is known for his famous books like, Booker Prize
winner Midnight’s Children, and controversial The Satanic Verses.
iv. The Mailer Prize is an American literary award started in 2009
by The Norman Mailer Center.
3. UNION GOVERNMENT SLAPS ANTI-DUMPING DUTY ON STAINLESS STEEL
i. Union Government has imposed anti-dumping duty on import of
cold-rolled flat products of stainless steel for 5 years from 7 countries.
ii. The Directorate General of Anti-dumping and Allied Duties has
recommended government about the rising
incidence of dumping.
iii. The exports of steel from other countries is effecting the
performance of domestic industry and with steel prices on a decline.
iv. The 7 countries are China, South Korea, United States, South
Africa, Thailand and Taiwan and the European Union.
v. Anti-dumping duty is imposed to protect its domestic producers
and market from cheap imports.
4. NASEERUDDIN SHAH HONOURED WITH LIFETIME ACHIEVEMENT AWARD
i. Indian actor Naseerudin Shah was honoured with the Lifetime
Achievement Award at the 12th edition of Dubai International Film Festival in
Dubai.
ii. The Dubai International Film Festival is started as a
not-for-profit cultural event, presented and organised by Dubai Entertainment
& Media Organization.
5. UN AGENCIES LAUNCHED $1.98 BILLION SAHEL HUMANITARIAN APPEAL
FOR 2016
i. The United Nations agencies and partners launched the Sahel
humanitarian appeal for 2016.
ii. The purpose of this appeal is to promote international support
to tackle crisis of poverty, insecurity and climate change that plagues the
Sahel region in Africa.
iii. The aim is to tackle dire effects of climate change,poverty,
fast population growth and a rise in violence and insecurity in Africa’s Sahel
region.
