DAILY CURRENT
AFFAIRS: 8 MARCH 2016
(Daily News India)
1. 8
MARCH IS OBSERVED AS INTERNATIONAL WOMEN’S DAY
i. International Women’s Day is
observed on 8th March in allover the
world.
ii. The day is observed to highlight
the achievements of women while calling for greater equality.
iii. The theme of the day is “Planet
50-50 by 2030: Step It Up for Gender Equality”.
2. UNION
GOVERNMENT LAUNCHED ONLINE MARKETING PLATFORM MAHILA E-HAAT
i. Union Minister for Women and Child
Development Maneka Sanjay Gandhi launched Mahila e-Haat portal in New Delhi.
ii. The Mahila e-Haat portal is an
online marketing platform.
iii. It is the initiative taken by
government to help women to sell products online.
iv. It is an initiative for women
across the country as a part of Digital India and Stand Up India initiatives.
3. GYAN
SANGAM THE 3RD PHASE OF BANK REFORMS TO FOCUS ON BAD LOAN
i. The Gyan Sangam two day annual
meeting of chiefs of public sector financial institutions, officials from the
Finance Ministry and the Reserve Bank of India held in Gurgaon.
ii. The meeting is conducted to discuss
the severe issues relating to banking as NPA’s and bad loans etc.
iii. The issues relating to
Restructuring and mergers and acquisitions of banks, NPA management, digital
and financial inclusion, Credit growth, and Risk management.
4.
COUNTRY'S FIRST SMALL FINANCE BANK TO BEGIN OPERATIONS
i. Jalandhar based Capital Local Area Bank
has become the first to receive the Reserve Bank of India‘s licence to start
operations as a small finance bank.
ii. In last year 2015 Reserve Bank of
India granted in-principle licences to 10 applicants to set up small finance
banks.
iii. The small finance bank will examine
the basic banking activities of acceptance of deposits and lending to unserved
and underserved sections including small business units, marginal farmers and
unorganised sector entities.
5. AMAZON
IS INDIA'S MOST TRUSTED ONLINE SHOPPING BRAND
i. Amazon World's largest e-retailer is
ranked as India's most trusted online shopping brand .
ii. It was followed by Snapdeal and
Flipkart.
iii. Amazon is India's most trusted
online shopping brand with 36 per cent of the trust pie.
6.
INVESTORS' SUMMIT STARTED IN GURGAON
i. The first two-day 'Happening Haryana
Global Investors Summit 2016' has been started in Gurgaon,.
ii. It was attended by several Union
Ministers, leading entrepreneurs and MNCs .
iii. The participating countries are
Czech-Republic, Japan, Korea, Malawi, Peru, Poland, Spain, Mauritius, New
Zealand, China, the United Kingdom and Tunisia.
iv. Finance Minister Arun Jaitley is
the chief guest at the inaugural session.
7. UNION
GOVERNMENT ANNOUNCED TO WITHDRAW TAX PROPOSAL ON EMPLOYEE PROVIDENT FUND
i. Union Finance Minister Arun Jaitley
on announced to withdraw proposal to tax Employee Provident Fund withdrawals.
ii. Government retained the tax proposal
for National Pension Scheme withdrawals.
iii. The proposal was made by the Union
Finance Minister Arun Jaitley while presenting the Union Budget 2016-17 in the
Lok Sabha.
iv. According to the proposal 60
percent of the amount deposited in the EPF account of the employee would be taxable
at the time of withdrawal and 40 percent would be tax free.
v. It would become effective from 1
April 2016.
vi. The proposal to tax EPF withdrawals
was made with an aim of to create a pensioned society.
