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Dhrupad maestro Ustad Sayeeduddin Dagar dies aged 78.
Ustad Hussain Sayeeduddin Dagar, maestro and custodian of the venerable Dhrupad tradition of Hindustani classical music and a member of the eminent Dagar family, passed away aged 78 in Pune late on Sunday night after a brief illness.
The State Bank of India, the country’s largest lender, has slashed interest on savings account deposits by 50 basis points to 3.5 per cent on balance up to Rs 1 crore.
However, the bank will continue to offer 4 per cent interest on savings account balance of Rs 1 crore and above.
The bank is introducing two-tier saving bank interest rate with effect from July 31. While balance above Rs 1 crore will continue to earn interest at 4 per cent per annum, interest at 3.5 per cent will be offered on balance of Rs 1 crore and below,
John Kelly was sworn in as President Donald Trump’s new chief of staff Monday, tasked with bringing order to an often chaotic White House and jump-starting the President’s stalled legislative agenda.
Republicans on Capitol Hill hope Kelly, a retired United States Marine Corps general known for his fastidious nature, will bring order to a White House where disorder — in the eyes of those on the Hill — has led to few legislative victories and slumping poll numbers.
India and Bhutan mutually decided to bring into force the ‘new’ bilateral Agreement on Trade, Commerce and Transit with effect from this July 29.
The agreement provides for a free trade regime between the territories of India and Bhutan. The agreement also provides for duty-free transit of Bhutanese merchandise for trade with third countries.
It was last renewed on July 29, 2006 for ten years. The validity of this agreement was extended (with effect from July 29, 2016) for one year or till the new agreement comes into force, through exchange of diplomatic notes.
The new agreement was signed on November 12, 2016, and as per its provisions, the pact was to come into force on a mutually decided date.
The Union Ministry of Minority Affairs launched Jiyo Parsi Publicity Phase-2 in Mumbai, Maharashtra under the Jiyo Parsi scheme.
The Jiyo Parsi Publicity Phase-2 aims to decline trend of the population of the Parsi community and reverses it to bring their population above the threshold level.
Jiyo Parsi scheme is a Central Sector Scheme for containing population decline of Parsis in India. Its main objective is to reverse the declining trend of the Parsi population by adopting a scientific protocol and structured interventions. It aims to stabilize and increase the population of Parsis in India.
Citing health hazards, the Supreme Court asked firecracker manufacturers not to use heavy metals like lithium, antimony, mercury, arsenic and lead and chemical elements like antimony “in any form whatsoever” in their products
A bench of Justices Madan B Lokur and Deepak Mehta said it was the responsibility of the Petroleum and Explosives Safety Organisation (PESO) to ensure that the order was complied with, including in Sivakasi in Tamil Nadu where there were a large number of cracker manufacturers.
Though the compounds of strontium too were cited as hazardous for health, the court sought more clarity on the matter and fixed August 23 for the next hearing.
The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017.
The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the Arm’s Length Price of international transactions in advance for a maximum period of five future years.
Further, the taxpayer has the option to rollback the APA for four preceding years, as a result of which, a total of nine years of tax certainty is provided. Since its inception, the APA scheme has attracted tremendous interest among Multi National Enterprises (MNEs).
The nine APAs signed in the month of July, 2017 pertain to diverse sectors of the economy. CBDT has signed its first APA with a taxpayer engaged in supplying rigs used in Oil & Gas exploration. Other than the Oil & Gas Sector, the APAs pertain to Education, Banking, Pharmaceutical, Manufacturing and Information Technology sectors of the economy.
Daily Current Affairs for 1 Aug, 17.
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