Daily Current Affairs 5th July 2020 | CivilsonlinEd

Daily Current Affairs 5th July 2020

  

International Relations

Þ     Petrapole-Benapole ICP

*        Trade between India and Bangladesh through the Petrapole-Benapole Integrated Check Point (ICP) has resumed once again

*        The restrictions imposed by the West Bengal state government during the lockdown period – that allowed trucks to cross into Bangladesh carrying Indian goods but not permitting Bangladeshi goods to India

Source: LiveMint

National Events

Þ     Locust attacks

*        India, which is tackling the worst locust attack in 26 years for the last three months, should remain on "high alert" during the next four weeks, according to the UN's Food and Agriculture Organisation (FAO).

*        Rajasthan is the most affected state in the country. The other affected states are Madhya Pradesh, Punjab, Gujarat, Uttar Pradesh, Maharashtra, Chhattisgarh, Haryana and Bihar.

*        India and Pakistan as well as Sudan, Ethiopia, South Sudan and Somalia should remain on "high alert during the next four weeks," it noted.

Source: Business-Standard

Þ     Govt blocks 40 websites of banned pro-Khalistan group Sikhs For Justice

*        The Centre o blocked 40 websites linked to the pro-Khalistan group Sikhs for Justice (SFJ) for ‘a campaign for registering supporters for its cause

*        Sikhs For Justice(SFJ), an unlawful organization under the UAPA, 1967

Source: Hindustan Times

Þ     Vaartavali

*        The Prime Minister, Shri Narendra Modi has congratulated Sanskrit News Magazine ‘Vaartavali’ on completion of its five years of continuous broadcast on DD News.

Source: PIB

   Þ    Household tap connections under Garib Kalyan Rojgar Abhiyan

*        As part of Garib Kalyan Rojgar Abhiyan, Jal Jeevan Mission aims at providing household tap connections to every rural household and offers a huge opportunity to engage skilled, semi-skilled and migrant returnees in drinking water supply related works.

Source: PIB

Þ     Bhilai Steel Plant for 1st time delivers higher speed rail tracks

*        Minister of Railways Piyush Goyal on Sunday informed that the Bhilai Steel Plant for the first time delivered R-260 Rails to be used by Indian Railways

Source: LiveMint

Economy Related

Þ     Income Tax dept amends TDS form

*        The Income Tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax.

*        As per the amended form, banks will also have to report Tax Deducted at Source (TDS) for cash withdrawals above Rs 1 crore.

*        Through a notification, the Central Board of Direct Taxes (CBDT) has amended Income Tax Rules to include TDS on e-commerce operators, dividend distributed by mutual funds and business trusts, cash withdrawals, professional fees and interest.

*        The government has revised the format of forms 26Q and 27Q, where details of TDS amount deducted and deposited on various resident and non-resident payments are required to be filled.

Source: Business-Standard

Þ     DHFL defaults on NCD repayments of Rs 50 cr over moratorium restrictions

*        DHFL has defaulted on payment of Rs 50 crore on bonds, saying the company is not in a position to make payments to the lenders as it is under moratorium since last November.

*        The payment has not been made by the company to the respective investors of the secured NCDs (non-convertible debentures) for a principal amount of Rs 50 crore due on July 3, 2020, DHFL said in a regulatory filing.

Source: Business-Standard

Books

Þ     Getting Competitive: A Practitioner's Guide for India

*        Maruti Suzuki chairman R C Bhargava pens book on industrialising India

Source: Business-Standard

Þ     Overdraft: Saving the Indian Saver

*        Former RBI governor Urjit Patel pens book on dealing with NPA issue

Source: Business-Standard