DAILY GK 1 OCT 2020
1. PRESIDENT GIVES ASSENT FOR TAXATION AND OTHER LAWS
BILL, 2020
·
President of India, Ram
Nath Kovind gave his assent to the Taxation and Other Laws (Relaxation and
Amendment of Certain Provisions) Bill, 2020 which will amend 5 Acts viz. the
Income-tax Act, 1961, Central Goods and Services Tax Act, 2017, Finance Act,
2019, the Direct Tax Vivad se Vishwas Act, 2020 and the Finance Act, 2020.
·
Under this bill the
provision of Incom Tax (IT) Act, 1961 has amended by making tax features of
Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM
CARES Fund) at par with Prime Minister’s National Relief Fund.
2. THIRD G20 SHERPA MEETING
·
G20 Sherpa Meeting took
place virtually under Saudi Arabia’s Presidency.
·
The meeting discussed the
actions taken by the forum for tackling the COVID-19 Pandemic. This is the 3rd
edition of G20 Sherpa Meeting.
·
Suresh Prabhu, Member of
Parliament, Rajya Sabha represented India at the meeting.
·
He is India’s Sherpa
(Emissary) to G7 and G20.
·
2020 theme– Realizing
Opportunities of the 21st Century for All
·
Chairman– Saudi Arabian
King Salman bin Abdulaziz Al Saud (2020)
3. ‘DIGITAL SURAKSHA GROUP INSURANCE’
·
Flipkart and Bajaj
Allianz General Insurance Company partnered to offer ‘Digital Suraksha Group
Insurance’ for customers who wish to cover themselves against financial losses
resulting from cyber-attacks, cyber frauds, or other such malicious activities
on various online platforms.
·
Digital Suraksha Group
Insurance will be introduced on Flipkart’s platform.
4. RBI DEFERS
BASEL III PROVISIONS AMID COVID UNCERTAINTY
·
RBI deferred
implementation of provisions made under Basel III capital due to uncertainty
related to Covid crisis. In this regard, RBI will repel the final tranche of
the capital conservation buffer (CCB) and the implementation of net stable
funding ratio (NSFR) by six months i.e. April 1, 2021.
·
To further aid the state
governments from financial problems, RBI extended Ways and Means Advances (WMA)
Limits and overdraft (OD) regulations for states and Union Territories (UTs) by
six months i.e. till March 31, 2021.
5. SHEKHAR KAPUR APPOINTED AS THE PRESIDENT OF FTII
SOCIETY
· Ministry
of Information and Broadcasting(MIB) announced the appointment of Renowned
Filmmaker Shekhar Kapur (74 years) as the new President of Film and Television
Institute of India (FTII) Society and Chairman of FTII Governing Council which
runs the FTII, an autonomous film School under the MIB at Pune, Maharashtra.
His tenure will run till March 2023.
6. INDIA SUCCESSFULLY TEST FIRES BRAHMOSMISSILE
·
India successfully test
fired the surface-to-surface Supersonic Cruise Missile BrahMos with a Strike
Range of over 400 Kilometers from Integrated Test Range (ITR) at Chandipur,
Odisha.
·
It was jointly conducted
by Defence Research and Development Organisation (DRDO) & BrahMos
Aerospace.
·
It was test fired with
indigenous booster, airframe section, propulsion system, power supply and many
other major indigenous components.
