Current Affairs 19th August 2021

1. News : The world’s second-largest refurbished state-of-the-art National Gene Bank was inaugurated recently at the National Bureau of Plant Genetic Resources (NBPGR), Pusa, New Delhi

Source: The Hindu

  • Gene banks:for farmers and scientists who work to conserve rare plants and animals
  • National Gene Bank: Established in 1996 to preserve the seeds of Plant Genetic Resources (PGR) for future generations.
  • It has the capacity to preserve about one million germplasm in the form of seeds.

2. News : RBI published financial inclusion index

Source: The Hindu

  • The annual FI-Index will be published in July every year.
  • It has been constructed without any ‘base year’.
  • The index incorporates details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators.

3. News : Recently, the Government of India has introduced The Taxation Laws (Amendment) Bill, 2021 in the Lok Sabha.

Source: Indian Express

  • The bill seeks to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets.
  • Proposed changes: Amendments to the Income-tax Act and Finance Act, 2012 to effectively state that no tax demand shall be raised for any indirect transfer of Indian assets if the transaction was undertaken before 28th May 2012.
  • Tax raised for the indirect transfer of Indian assets before May 2012 would be “nullified on fulfillment of specified conditions” such as the withdrawal of pending litigation and an undertaking that no damages claims would be filed.
  • It also proposes to refund the amount paid by companies facing trail in these cases without interest thereon.

4. News : Pobitora wildlife Sanctuary: Assam

Source: The Hindu

  • Pobitora Wildlife Sanctuary has the highest density of one-horned rhinos in the world and second highest concentration in Assam after Kaziranga National Park.
  • It is often called ‘Mini Kaziranga’.
  • Pobitora is running a successful Rhino breeding program within its sanctuary.It is running under Indian Government as “Indian Rhino vision 2020”.
  • There are 5 national parks in Assam namely,
  • Dibru-Saikhowa National Park,
  • Kaziranga National Park,
  • Manas National Park,
  • Nameri National Park,
  • Rajiv Gandhi Orang National Park.

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