06.02.2018-Glance News

INTERNATIONAL

Maldives:

  • Located above the equator
  • Tropical nation in the Indian Ocean composed of 26 ring-shaped atolls
  • made up of more than 1,000 coral islands.
  • Has Beaches, blue lagoons, reefs
  • Capital:Malee
  • Currency: Maldivian rufiyaa.

Kasganj

Why in news? – Communal riots in the city

Kasganj- City In Utaar Pradesh

Ease of doing Business sub indices

WIN?:- India Has poor reputation in enforcing contracts

A nation’s ranking in the ease of doing business is based on the average of 10 sub indices

  1. Starting a Business
  2. Dealing with construction Permits
  3. Getting Electricity Connections
  4. Registering Property
  5. Getting Credit
  6. Protecting Minority Investors
  7. Paying Taxes
  8. Trading across Borders
  9. Enforcing Contracts
  10. Resolving Insolvency

ECONOMY

Long Term Capital Gains(LTCG)  Tax

Why In News:

Finance Minister Arun Jaitley, in his Union Budget speech, re-introduced LTCG tax on stocks

LTCG Tax:

  • It is the tax paid on profit generated by an asset such as real estate, shares or share-oriented products held for a particular time-frame.
  • The definition of Long-term Capital Gains, or LTCG, is different for various products.
  • LTCG was scrapped in 2004-2005, but it has been reintroduced in present budget (2018-19)
  • Investors will have to pay 10 per cent tax on profit exceeding Rs 1 lakh made from the sale of shares or equity mutual fund schemes held for over one year.
  • Till now, LTCG was exempt from tax.
  • The definition of a long-term investor in stocks for tax purposes is one year.

SOCIETY

Literacy Rate Of Differently Abled

Highest: Kerala

Lowest :Arunachal Pradesh

National Health Protection Scheme(NHPS)

  • Flagship programme under Ayushman Bharat.
  • cover over 10 crore poor and vulnerable families (approximately 50 crore beneficiaries) providing coverage upto 5 lakh rupees per family per year for secondary and tertiary care hospitalization.
  • world’s largest government funded health care programme.
  • Does not cover out patient care, remains disconnected from primary care
  • Precursor Of NHPS- Rashtriya Swasthya Bhima Yojna ( Provided cover upto 30,000 rs usually for secondary care)

Fixed Drug Combinations(FDC)

  • A combination drug is a fixed-dose combination(FDC) that includes two or more active pharmaceutical ingredients (APIs) combined in a single dosage form, which is manufactured and distributed in fixed doses.

POLITY

Atal Doctrine

  • The term ‘Atal Doctrine’ refers to Atal Bihari Vajpayee’s doctrine to defuse tensions with Pakistan through the process of reconciliation.

Election Commission of India

  • Established under article 324 of the Indian constitution
  • Constitutional Body
  • “NO VOTER TO BE LEFT BEHIND” – Initiative if ECI to optimise th enrolment of voters
  • 2018 theme of ECI: Accessible elections
  • International Conference on ‘inclusion of persons with disabilities’ hosted by ECI.

States start up Ranking 2018

  • States Startup Ranking framework launched by Department of Industrial Policy and Promotion is an exercise aimed at ranking States for establishing a robust ecosystem for supporting Startups.
  • The framework will evaluate States on parameters such as
    • Startup policy and implementation
    • Incubation support
    • Seed funding support
    • Angel and venture funding support
    • Simplified regulations
    • Easing public procurement
    • Awareness and outreach.
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