Which department has relaxed income tax rules in order to facilitate fundraising by start-ups which is a part of the 'Startup India Vision 2024'?
Options
A. Department for Promotion of Industry and Internal Trade (DPIIT)
B. Department of Commerce
C. Department of Heavy Industry
D. Department of Export Promotion Council
Correct Answer
Department for Promotion of Industry and Internal Trade (DPIIT)
Explanation
The Department for Promotion of Industry and Internal Trade (DPIIT) has brought relaxation in the income tax rules related to residential properties' sale and carry-forward of losses, in order to facilitate fundraising by start-ups.The relaxation laws are part of the 'Startup India Vision 2024' that's been prepared by the DPIIT.The DPIIT recommended amendments in Section 54GB of the Income Tax Act, that is, capital gain on transfer of residential property not to be charged in certain cases and Section 79 that states, carry forward and set off of losses would be done for specific companies.The DPIIT has proposed to reduce shareholding requirements of founders from 50% to 20% and compulsory tenure from 5 years to 3 years. iv. Start-up promoters need to hold 100% shares for carrying forward of losses.
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1. UNICEF and __________ has signed a LOI for children Empowerment.
Recently, United Nations Children Fund (UNICEF) India and NITI Aayog's Atal Innovation Mission (AIM) has signed a Letter of Intent (LOI) to provide an open platform to promote participation, skill and empowerment among young children across different communities. The plan will be implemented through Atal Tinkering Lab which established under Atal Innovation Mission.
2. Which IIT inked MoU to launch Centre of Excellence for Waste to Wealth Technologies?
Principal Scientific Adviser (PSA) to the Government of India and Indian Institute of Technology Delhi (IIT Delhi) have inked Memorandum of Understanding (MoU) for setting up a Centre of Excellence for Waste to Wealth Technologies in India as a commemoration of 150th birth anniversary of Mahatma Gandhi on 2 October 2019. The MoU has been signed by Principal Scientific Advisor to the Govt of India, Prof K. Vijay Raghavan and Director, IIT Delhi, Prof V. Ramgopal Rao in New Delhi. The Centre will work towards the implementation of sustainable, scientific and technological solutions for waste management by deploying available technologies for transformation of waste to wealth. The project has been approved under the recently constituted Prime Minister's Science Technology and Innovation Advisory Council (PM-STIAC).
3. Name of the world's fastest bullet train that is tested by Japan recently.
Japan has begun testing the ALFA-X version of its fastest-ever Shinkansen bullet train that could reach 400 km per hour (249 mph). The bullet train ALFA-X (Advanced Labs for Frontline Activity in Rail Experimentation) is scheduled to start its service in 2030, when, rail company JR East would operate it at 360 kilometres per hour (224 mph). This speed will make it 10 kph faster than China's Fuxing Hao, which links Beijing and Shanghai and operates at the same top speed. This would make ALFA-X, the world's fastest bullet train. The ALFA-X's futuristic design features 10 cars and a sleek pointed nose.The bullet train will be tested (after midnight, when the line is quiet) twice a week on the line between Sendai and Aomori, 2 Japanese cities, which are 280 kilometres apart.
4. What is the name of the world's first complete parent-wise genome assembly of buffalo developed by National Dairy Development Board (NDDB)?
Anand-based National Dairy Development Board (NDDB) has developed world's first complete parent-wise genome assembly of buffalo named "NDDB_ABRO_Murrah" of riverine buffaloes. This comes on the back of the successful launch of a customized genotyping chip for indigenous cattle and their crosses, named INDUSCHIP. To ensure better accuracy, for the first time a trio binning was used for separating haplotypes of a buffalo, using a father-mother-offspring trio. World buffalo population is estimated to be 224.4 million, of which 219 million (97.58 per cent) are in Asia.
5. WHO has partnered with the International Food and Beverage Alliance (IFBA) to eliminate industrial trans-fat by which year?
The World Health Organization (WHO) has partnered with the International Food and Beverage Alliance (IFBA) to achieve its target under REPLACE initiative of eliminating industrial trans-fat from industrially produced global food supply by 2023. Trans-fat is also called the worst form of fat in food. It is responsible for over 5,00,000 deaths from coronary heart disease each year globally. Industrially-produced trans-fats are contained in hardened vegetable fats, such as margarine and ghee, and are often present in snack food, baked foods, and fried foods. Manufacturers often use them as they have a longer shelf life than other fats. But healthier alternatives can be used that would not affect taste or cost of food.
6. SEBI ordered NSE to pay more than ________ in the case of misuse of its co-location facility.
Markets regulator Securities and Exchange Board of India (SEBI) directed National Stock Exchange (NSE) to disgorge more than ?625 crore in the case of misuse of its co-location facility. SEBI has been probing alleged lapses in high-frequency trading offered through NSE's co-location facility. National Stock Exchange (NSE) to pay more than ?625 crore along with interest calculated at the rate of 12% per annum from April 1, 2014 onwards to the Investor Protection and Education Fund (IPEF) created by SEBI. The National Stock Exchange (NSE) has been prohibited from accessing the securities market directly or indirectly for six months.
7. Under which scheme does,Central Government has made compulsory for Electric Vehicle (EV) manufactures in India to locally source at least 50% components for receiving subsidies?
Under the FAME II scheme, the Central Government has made compulsory for Electric Vehicle (EV) manufactures in India to locally source at least 50% components for the provision of receiving subsidies. This step has been taken to encourage local manufacturing and relying less on imports. The conditions under FAME II scheme were decided by the Inter-Ministerial Steering Committee of National Mission for Transformative Mobility headed by Amitabh Kant, (Chief executive Officer) CEO of NITI Aayog.Only the companies that meet the 50% localisation threshold will be eligible for incentives and subsidies under Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME-II) scheme for enhancing electric mobility.
8. Government and this institute signs MoU to set up a Centre of Excellence for Waste to Wealth Technologies.
To commemorate 150th birth anniversary of Mahatma Gandhi on 2 October 2019, the Office of Principal Scientific Adviser (PSA) to Government of India and Indian Institute of Technology Delhi (IIT Delhi) signed a Memorandum of Understanding (MoU) in a move to come together and to bring best of science and technology to implement waste management by setting up a Centre of Excellence for Waste to Wealth Technologies in India. The waste to wealth mission project has been approved under Prime Minister's Science Technology and Innovation Advisory Council (PM-STIAC). The GoI and IIT-Delhi partnership will provide an effective platform for stakeholders to bring together integrated approaches for effective recycle, reuse and resource recovery of waste.
9. Who distributed 1 lakh bee-boxes under the 'Honey Mission' recently?
Options
A. Madras Sarvodaya Sangam
B. KVIC
C. National small Industries Corporation Ltd, Chennai Branch Office
For the first time in India, under the 'Honey Mission' initiative, (KVIC) Khadi and Village Industries Commission (in less than 2 years) distributed more than 1 lakh bee-boxes among farmers and jobless youths across India. KVIC has helped in creating more than 10,000 new jobs and 25,000 additional man-days through the manufacturing of bee boxes and honey extractors. Bee-keeping would also open many job avenues for aspiring young entrepreneurs. In August 2017, the initiative of 'Honey Mission' was launched in accordance with Prime Minister Narendra Modi's call for 'Sweet Revolution' in 2016 while introducing Banas Honey project at Deesa, Gujarat. The KVIC had offered the beekeepers training on the effective examination of the honeybee colonies, wax purification, and management of the bee colonies.
10. Who plans to launch #VaccinesWork to emphasize on the importance of vaccines?
UNICEF is launching a new global campaign on 24 April, called #Vaccineswork. The objective of the campaign is to emphasize the power and safety of vaccines among parents and wider social media users. The campaign will be running alongside World Immunization Week from 24 to 30 April to spread the message that together communities, including parents, can protect everyone through vaccines. #VaccinesWork has long been used to bring together immunization advocates online. This year, UNICEF is partnering with the Bill & Melinda Gates Foundation, the World Health Organization (WHO), and Gavi, the Vaccine Alliance to encourage even greater reach.