Transactions above Rs. 2 lakh need PAN from January 1
Finance
ministry made it mandatory to furnish permanent account number (PAN) for all
transactions above Rs 2 lakh through all payment modes with effect from January
1, 2016. It will help to curtail domestic black money flow.
Saudi Arabia reopens its embassy in Iraq after 25 years
Saudi
Arabia has reopened its embassy in Iraq, after 25 years, after Riyadh broke off
diplomatic relations with Baghdad following the Iraqi invasion of Kuwait. The
staff of the Saudi embassy arrived on Dec 15 in Baghdad.
SC bans diesel vehicles above 2000 CC engine upto 31st March
The
Supreme Court has banned the registration of new diesel running luxury cars and
SUVs with an engine capacity of over 2000 cc until March 31. Any commercial
vehicle not bound for Delhi will no longer be allowed to enter the city through
entry points at National Highway 1 and 8 while all taxis and cab services —
Ola, Uber or otherwise — will have to shift to CNG by March 31.
Japan’s SoftBank wins first solar project in India
Japan’s
Soft Bank won its first solar power project in India. The Japanese firm won the
350 megawatt (Mw) project, under the Jawaharlal Nehru National Solar Mission
(NSM), through its joint venture (JV) company SBG Cleantech.
India celebrated 'Vijay Diwas on December 16th
India
celebrated 'Vijay Diwas' to mark India's victory over Pakistan in the
Indo-Pakistani war of 1971. The day is also celebrated to honour the martyrs of
the 1971 war between the two countries.
Arun Kumar Jain appointed as Chairman of CBDT
Senior
revenue service officer Arun Kumar Jain appointed Chairman of Central Board of
Direct Taxes (CBDT). Mr Jain is Indian Revenue Services (IRS) officer of a 1978
batch.
India ranks 130th in 2015 Human Development Index
In
the recently published Human Development Report 2015, it was unveiled that
India has been placed at 130th position in the 2015 Human Development Index
(HDI) among the 188 countries. The report was released by the United Nations
Development Programme (UNDP).
The
HDI was created to emphasize that people and their capabilities should be the
ultimate criteria for assessing the development of a country, not economic
growth alone.
Pakistan successfully tested the nuclear-capable Shaheen-IA
ballistic missile
Pakistan
has successfully tested the nuclear-capable Shaheen-IA ballistic missile with a
range of 900 km. The test of the missile was aimed at re-validating several
design and technical parameters of the weapon system. However the location of
the test was not disclosed by Pakistan Government.
Apurvi Chandela won Gold medal in National Shooting Championship
Apurvi
Chandela from Rajasthan has won a Gold medal in the 59th National Shooting
Championship in Delhi. She won the gold medal in 10-metre Air Rifle event in
women’s category by shooting 207.8 score in the finals.
Good Luck