General Anti-Avoidance Rule: The Telangana High Court has ruled against a taxpayer against whom the revenue department had invoked the General Anti-avoidance Rule (GAAR). GAAR is an anti-tax avoidance law in India to curb tax evasion and avoid tax leaks. It came into effect on 1st April 2017. The GAAR provisions come under the Income […]
Month: June 2024
UN Declares 2025 As International Year Of Quantum Science And Tech
UN Declares 2025 As International Year Of Quantum Science And Tech: UN has declared 2025 as International Year of Quantum Science and Tech. Next year marks the centenary of Werner Heisenberg’s foundational paper on quantum mechanics. Quantum computing is a new way of computing that uses the principles of quantum mechanics to perform calculations. In […]
Veerangana Durgavati Tiger Reserve
Veerangana Durgavati Tiger Reserve: A rare four-horned antelope has been sighted for the first time in the Veerangana Durgavati Tiger Reserve. Four-horned antelope, also known as Chousingha: It is a small bovid antelope found in Asia. Unique for its four horns, only males bear them, with one pair between the ears and another on the […]
Lipulekh Pass
Lipulekh Pass: Indian traders, engaged in border trade through the Lipulekh pass since 1992, urge the government to resume trade with China. The route was closed due to the Covid-19 pandemic in 2019, leaving goods worth Rs 15 lakh stranded in Tibet. Lipulekh Pass is located near the India-China (Tibet)-Nepal tri-junction in Uttarakhand’s Pithoragarh district, […]
The Global Nitrous Oxide Budget 2024
The Global Nitrous Oxide Budget 2024: According to a new study by the Global Carbon Project (GCP) titled, “Global Nitrous Oxide Budget (1980-2020)”, the emissions of nitrous oxide have been rising continuously between 1980 and 2020. A study found that in 2021 and 2022, nitrous oxide was released into the air faster than ever before, […]
Fintech Companies : Leading India’s Start-up Ecosystem
Fintech Companies : Leading India’s Start-up Ecosystem Fintech Companies continue to be an attractive option for entrepreneurs in the Start-Up ecosystem. As per the data from Tracxn (a company that provides market intelligence data for private companies), fintechs have received over 15% of the total equity funding into start-ups in FY24 so far. Fintech, a […]
Greater Spotted Eagles
Greater Spotted Eagles: A recent report revealed that the ongoing war between Russia and Ukraine has forced greater spotted eagles, a large raptor species, to change their migratory paths. It is a member of the subfamily Aquilinae, commonly known as “booted eagles”. It was once classified as a member of the genus Aquila, but has been reclassified […]
Volkhov River : In News
Volkhov River : In News Four medical students from Maharashtra studying at a university in Russia drowned in the river Volkhov near St. Petersburg. The Volkhov River is in northwestern Russia. It flows from Lake Ilmen, passes through Novgorod, and goes north-northeast into Lake Ladoga through a flat, swampy area. In the town of Volkhov, […]
Soil Health Scheme : Tamil Nadu
Soil Health Scheme : Tamil Nadu Chief Minister M.K. Stalin started the “Chief Minister’s Mannuyir Kaathu Mannuyir Kaappom” plan, which was a big step toward sustainable farming in Tamil Nadu. With a strong budget of ₹206 crore, this project aims to improve the health and fertility of the soil across the area. A key part […]
High Seas Biodiversity Treaty
High Seas Biodiversity Treaty: Grethel Aguilar, the director general of the International Union for Conservation of Nature (IUCN), urged countries worldwide “to strive for a fully functional High Seas Biodiversity Treaty”. The high seas are those areas of the world’s oceans that are outside national jurisdictions. They constitute a huge chunk of the world’s oceans […]
