Current Affairs 21st August 2021

1. News : Web app of the Indus script book inaugurated

Source: The Hindu

Context:  The Indus Research Centre, which is part of the Roja Muthiah Research Library, has launched a web app-indusscript.in in Chennai.

  • The web app was developed through a financial grant from the Department of Archaeology.
  • The Indus Script: Texts, Concordance and Tables, written by Iravatham Mahadevan, is the sourcebook for studying and analysing the Indus scripts
  • It is the most sought after book  by researchers from all over the world.
  • The book was published in 1977 by the Archaeological Survey of India

2. News :Purified drinking water supply via tankers taxable

Source: The Hindu

Authority for Advance Ruling (AAR) has ruled that supply of drinking water to the public through mobile tankers or dispensers by a charitable organisation is taxable at 18% under the GST.

  • About Advance Ruling and AAR: ​Advance ruling means the determination of a question of law or fact specified in the application in relation to tax liability of an applicant arising out of transactions which have been undertaken or proposed to be undertaken.
  • Composition: The Authority for Advance Rulings consists of a Chairman who is a retired Judge of the Supreme court and two members of the rank of Additional Secretary to the Government of India, one each from the Indian Revenue Service and the Indian Legal Service.

3. News : Abraham Accord

Source: The Hindu

  • The Israel–UAE normalization agreement is officially called the Abraham Accords Peace Agreement.
  • The accords are named after the patriarch Abraham regards as a prophet in both Judaism and Islam.
  • It was initially agreed to in a joint statement by the United States, Israel and the United Arab Emirates (UAE) on August 13, 2020.
  • The UAE thus became the third Arab country, after Egypt in 1979 and Jordan in 1994, to agree to formally normalize its relationship with Israel as well as the first Persian Gulf country to do so.
  • Concurrently, Israel agreed to suspend plans for annexing parts of the West Bank. The agreement normalized what had long been informal but robust foreign relations between the two countries.

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