Daily Current Affairs Updates- 20th August 2015

    Daily Current Affairs Updates- 20th August 2015
    Daily Current Affairs Updates- 20th August 2015:                            
    Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.

    NATIONAL:
    1).Union Government announced30% income tax rebate for establishment of new manufacturing plants and machineries in21 backward districts ofBihar
    ·        This tax rebate will be given for5 years as announced by the Bihar Finance Ministry underSection 32 of the IT Act
    ·        The21 Backward districts of Bihar selected for this special concession are as follows;
    Patna, Nalanda, Bhojpur, Rohtas, Kaimur, Gaya, Jehanabad, Aurangabad, Nawada, Vaishali, Sheohar, Samastipur, Darbhanga, Madhubani, Purnea, Kathihar, Araia, Jamul, Lakhisarai, Supaul, Muzaffarpur.
    ·        This total 30% tax rebate consists of
    a)   Additional depreciation15% – previously 20%
    b)   Investment allowance15%– previously also 15%
    ·        The new manufacturing plants and machineries are expected to be established byMarch 2020
    ·        This is the2nd major announcement in regards of Bihar by the Central Government
    ·        The1st major announcement wasRs. 1.25 lakh crore fund allotment to Bihar

    2).Union Tourism Ministry to announce the temple towns ofRishikesh andHaridwarasTwin National Heritage Cities
    ·        Rishikesh –30 heritage sites
    ·        Haridwar –370 heritage sites
    ·        Twin National Heritage Cities
    a)   It proposes a development plan to develop the 2-cities as world classYogaandspirituality centers
    b)   It will improve the infrastructure and traffic situations in these cities
    ·        This is the1st time India has tagged any of its cities

    3). Union Government approved the signing of theTax Information Exchange AgreementsbetweenIndiaandSeychelles
    ·        Both the countries will exchange information regarding taxes to curb tax evasion thus effectively reducing theblack money generation
    ·        The competent authorities of both the countries will get relevant information for administration and enforcement of the domestic laws concerning taxes
    ·        This agreement was signed during Prime MinisterNarendra Modi’s visit to Seychelles as a part of the3-nation tour inMarch 2015
    ·        Other measures taken by the Government of India to curb Black money are as follows:
    a)   Passing of theBlack Money and Imposition of Tax Act, 2015– making it compulsory to disclose details of foreign income and assets and pay30% of it as tax
    b)   Intergovernmental agreement between India and US to implementForeign Account Tax Compliance Act(FATCA) – where both the nations exchange financial information among themselves
    c)   India joined theMultilateral Competent Authority Agreement(MCAA) onAutomatic Exchange of Financial Account Information(AEOI) with Australia, Canada, Indonesia, New Zealand and Costa Rica
    INTERNATIONAL:
    4).TheUnited States Military launched the largest NATO airborne drills –‘Swift Response 15’to enhance security and stability in Europe.
    Swift Response 15 – a month long largest multinational airborne drill since theCold War in which around5000soldiers from11 NATO member states will participate.
    The 11-NATO member nations are as follows;
    Bulgaria, France, Germany, Portugal, Italy, Poland, Britain, Spain, United States, Netherland, Greece
    ·        Allied warplanes led by US will drop more than1000paratroopers and warfare equipment toHohenfels trainingarea inGermany
    ·        This drill will help the NATO forces to act as a single force and to demonstrate its alliance capacity
    AWARDS& HONORS:
    5).Eminent Historic writerBabasaheb Purandare bestowed with Maharashtra Bhushan Award 2015
    ·        Maharashtra Bhushan Award – highest civilian award of Maharashtra State Government
    a)   It was established in1995 by the Shivsena-BJP alliance Govrnment
    b)   It is given to prominent personnel belonging to the following fields – art, science, literature, sport, journalism, social work, public administration and health services
    c)   Purushottam Laxman Deshpande – Marathi writer and humourist – 1st recipient in1996
    ·        Babasaheb Moreshwar Purandare famously known as ‘Shiv Shahir’ – Shivaji’s poet was born on29th July 1922
    ·        His famous works are as follows
    a)   Raja Shiv Chattrapati – 1st historical book on the 16th century  Maratha king Chattrapati Shivaji
    b)   Janata Raja– play
    ·        Raja Shiv Chattrapati – has more than16 editions. About5 lakh copies of the book has been sold so far
    ·        Janata Raja – has been performed more than850 times since1985. It has been staged in the following regions
    a)   Agra
    b)   Delhi
    c)   Bhopal
    d)   Maharashtra
    e)   United States
    ·        He received this award from the Governor of MaharashtraC. Vidyasagar Rao in the presence of CMDevendra Fadnavis at a function in Raj Bhavan, Mumbai

    6).Bangladesh novelistZia Haider Rahmanwon theJames Tait Black award 2015for his debut novelIn The Light of What We Know
    ·        James Tait Black – oldest literary award ofUnited Kingdom given to people for their work in literature in theEnglishlanguage
    a) It was established in1919in memory ofJames Tait Black
    b)   The award consists of a cash prize of10,000 British pounds
    c)   It is given by theUniversity of Edinburgh in Scotlandunder 3 categories –fiction, biography and drama
    ·        Zia Haider Rahman was born inSylhet in Bangladesh and then migrated to United Kindom
    ·        Previously he was aninvestment banker and ahuman rights lawyer before taking up the writing career
    ·        In The Light Of What We Know – his debut novel which addresses the following issues
    a)   Afghanistan war
    b)   Rise of Muslim fundamentalism
    c)   Global banking crisis
    ·        He received the award at the2015 Edinburgh international book festivalalong withRichard Benson
    ·        Richard Benson won this award for his novel –The Valley: A Hundred Years in the Life of a Yorkshire Family in the biography category

    7). Three Indian companies ranked among theWorld’s 100 Most Innovative Companies listbyForbes
    ·        Forbes ranks companies based on theirinnovation premium i.e., only companies that invest in innovation and has7-years of public financial data and$10 billion in market cap
    ·        India’sHindustan Unilever the FMCG41strank
    ·        TCS– India’s largest IT Company – $80.3 billion market cap –64th rank
    ·        Sun Pharma – India’s largest drug company –71st rank – $39 billion market cap
    ·        California’s Tesla Motors – $25.5 billion market cap –1st rank – won theApple’s Creative Crown
    ·        Apart from Tesla Motors the other companies in thetop 5 on the list are as follows:
    a)   Salesforce.com
    b)   Alexion Pharmaceuticals
    c)   Regeneron Pharmaceuticals
    d)   ARM Holdings
    ·        Amazon – 8th rank
    ·        Monster Bevarages – 13thrank
    ·        Netfix – 27th rank
    ·        Marriot International – 29thrank
    ·        Visa – 33rd rank
    ·        Mastercard – 36th rank
    ·        Starbucks – 45th rank
    ·        Adobe – 74th rank
    ·        Coca Cola – 81st rank
    ·        Cognizant – 96th rank

    SPORTS:
    8). Bangladesh won its 1st Under-16South Asian Football Federation(SAFF)championship title
    ·        Thecountries thatparticipatedin this tournament are as follows
    a)   Afghanistan
    b)   Bangladesh
    c)   India
    d)   Maldives
    e)   Nepal
    f)    Sri Lanka
    ·        In the finals held at theSylhet District Stadium, Bangladesh defeated thedefending champions – Indiaby4-2 in the penalty shootout
    ·        In the regular play time both India and Bangladesh scored equal goals leading the game to penalty shootout
    ·        Players who scored the goals for Bangladesh and India are
    a)   Fahim Murshed – Bangladesh
    b)   Amay Morajkar – India

    OBITUARY:
    9).Uttar PradeshMinster of State (MoS)for Parliamentary AffairsMr. Chitranjan Swaruppassed away in New Delhi
    ·        He was elected as MLA from theMuzaffarnagar constituency of Uttar Pradesh from the rulingSamajwadi Party
    ·        He held the offices of the following departments under the present Uttar Pradesh Chief MinisterAkhilesh Yadav
    a)   Urban development
    b)   Water supply
    c)   Urban employment& Poverty Alleviation
    d)   Muslim Waqf and Haj
    e)   Minority welfare
    ·        He was elected as MLA for the1st time in1974 on a Congress ticket
    ·        In2002 and2012 he was elected onBhaujan Samaj Party ticket
    ·        He was70 years old and died after prolonged illness
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