DAILY CURRENT AFFAIRS: 22 MARCH 2016
(Daily News India)
1. INDIA
ASSUMES BRICS CHAIRMANSHIP FROM RUSSIA FOR 2016
i. India has
assumed BRICS Chairmanship from the Russian for the year 2016.
ii. BRICS is
an association of five countries viz. Brazil, Russia, India, China and South
Africa.
iii. India
has assumed BRICS Chairmanship for second time.
IV.Earlier
India hosted the BRICS Summit in 2012 for first time in New Dehli.
iv.India
will host the 8th BRICS
Summit 15th to 16th October 2016 in Goa.
2. MARCH
22 OBSERVED AS WORLD WATER DAY
i. Every
year World Water Day is observed globally on 22nd March.
ii.The day
is observed to preserve and ration consumption of water.
iii.The
theme of the day is “Better Water, Better Jobs”.
3. ASHOK
LAHIRI COMMITTEE FORMED TO REVIEW EXCISE DUTY IMPOSED ON DIFFERENT JEWELLERY
ARTICLES IN BUDGET 2016-17
i. The Union
Ministry of Finance constituted Committee to review issues related to excise
duty.
ii.The committee
will be headed by former Chief Economic Advisor Dr Ashok Lahiri .
iii.It will
review excise duty imposed on different jewellery articles in Budget 2016-17.
iv.In the
Union Budget 2016-17, Finance Minister Arun Jaitley proposed the Central Excise
duty at the rate of 1 percent and 12.5
percent on jewellery items.
v.It has been strongly opposed by the All India Gems and
Jewellery Trade Federation that it will hurt jewellery sector that employs
millions of people.
4. INDIAN
COAST GUARD SHIP ARNVESH COMMISSIONED AT VISAKHAPATNAM
i. The fast
patrol vessel of the Indian Coast Guard Arnvesh was commissioned at
Visakhapatnam Andhra Pradesh.
ii. The ship
will undertake coastal patrol, surveillance at sea, anti-piracy operations,
anti-smuggling and search and rescue operations.
5. HINDUJA BROTHERS TOPPED
BRITAIN’S ASIAN RICH LIST 2016
i. The
Hinduja Brothers G P Hinduja and S P Hinduja topped the Asian Rich List 2016.
ii.The
Hinduja Brothers topped in the list for the
fourth consecutive year with an estimated
fortune of 16.5 billion pounds.
iii.Steel
tycoon Lakshmi Niwas Mittal was ranked second in the list.
6.
AKHILESH RANJAN COMMITTEE ON TAXATION OF E-COMMERCE SUBMITTED ITS REPORT TO
UNION GOVERNMENT
i. A
Committee on Taxation of e-commerce constituted by the Central Board of Direct Taxes
to examine the business models for e-commerce submitted its report to the
central government.
ii.The
Report provides the views about the issues related to taxation of e-commerce.
7.
WRESTLER HARDEEP SINGH WON SILVER MEDAL IN ASIAN OLYMPIC QUALIFICATION
TOURNAMENT
i. Indian
wrestler Hardeep Singh won silver medal in the Asian Olympic Qualification
Tournament held in Astana, Kazakhstan.
ii.Now he qualified
for participation in the Rio Olympics 2016 .
iii.Earlier
Yogeshwra Dutt and Narsingh Yadav qualified for the Olympics in men's freestyle
category.
8. GOVT
ALLOWS 49% FDI IN INSURANCE UNDER AUTOMATIC ROUTE
i. The
government of India has relaxed FDI norms for the insurance sector by
permitting overseas companies to buy 49 percent stake in domestic insurers
under automatic rule.
ii.It is
an effort to bring more foreign
companies into India’s insurance market.
iii. Earlier
foreign companies are allowed to buy up to 26% stake in an India and above 26% the
investor had to take approval from the Foreign Investment Promotion Board.
