BENEVOLENT IAS ACADEMY, COIMBATORE BENEVOLENT IAS ACADEMY #25, Sri Nagar, Hope College, Peelamedu (PO), Coimbatore – 641004.Ph: +91422-4521607, Cell: +91-9787731607, 9787701067/9787701068. Web:www.benevolentacademy.com.E-Mail:[email protected]Dated 23.07.2019 TODAY’S IMPORTANT CURRENT AFFAIRS UPSC-IAS|IPS|IFS (PRELIMS + MAINS FOCUS) IN NEWS KVB funds will double in 9 years 5 months. EXAM POINT OF VIEW : Indian Economy – Investments In view of falling interest rates, the government has increased the time period by 1 month for doubling the money invested in Kisan Vikas Patra (KVP) to 9 years and 5 months. The funds parked in KVP with effect from July 1, 2019, will double in “9 years and 5 months” or 113 months as against “9 years and 4 months” or 112 months earlier, the Finance Ministry said while amending the Kisan Vikas Patra Rules, 2014. Here most of the aspirants don’t know about KVP, and then do you know? Shall we discuss? Kisan Vikas Patra is a saving certificate scheme which was first launched in 1988 by India Post. It was successful in the early months but afterwards the Government of India set up a committee under supervision of Shyamala Gopinath which gave its recommendation to the Government that KVP could be misused. Hence the Government of India decided to close this scheme and KVP was closed in 2011 and the new government re-launched it in 2014. Kisan Vikas Patra can be purchased by : An adult in his own name, or on behalf of a minor, A Trust Two adults jointly Source: the economic times Kisan Vikas Patra does not offer any income tax benefits to the investor. No deduction u/s 80C is allowed on investment and the interest received upon maturity/withdrawal is fully taxable. However, withdrawals are exempted from Tax Deduction at Source (TDS) upon maturity
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TO AY’S IMPORTANT URR NT A AIRS€¦ · BENEVOLENT IAS ACADEMY, COIMBATORE IN NEWS THE JUDICIAL PRESUMPTION OF NON-CITIZENSHIP. EXAM POINT OF VIEW: - Indian Polity – about Citizenship
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IN NEWS KVB funds will double in 9 years 5 months.
EXAM POINT OF VIEW : Indian Economy – Investments
In view of falling interest rates, the government has increased the time period by 1
month for doubling the money invested in Kisan Vikas Patra (KVP) to 9 years and 5
months. The funds parked in KVP with effect from July 1, 2019, will double in “9 years and
5 months” or 113 months as against “9 years and 4 months” or 112 months earlier, the
Finance Ministry said while amending the Kisan Vikas Patra Rules, 2014.
Here most of the aspirants don’t know about KVP, and then do you know? Shall we discuss?
Kisan Vikas Patra is a saving certificate scheme which was
first launched in 1988 by India Post. It was successful in
the early months but afterwards the Government of
India set up a committee under supervision of Shyamala
Gopinath which gave its recommendation to the
Government that KVP could be misused. Hence the
Government of India decided to close this scheme and
KVP was closed in 2011 and the new government
re-launched it in 2014.
Kisan Vikas Patra can be purchased by :
An adult in his own name, or on behalf of a minor, A Trust
Two adults jointly
Source: the economic times
Kisan Vikas Patra does not offer any
income tax benefits to the investor.
No deduction u/s 80C is allowed on
investment and the interest received
upon maturity/withdrawal is fully
taxable. However, withdrawals are
exempted from Tax Deduction at
Source (TDS) upon maturity
BENEVOLENT IAS ACADEMY, COIMBATORE
IN NEWS THE JUDICIAL PRESUMPTION OF NON-CITIZENSHIP.
EXAM POINT OF VIEW: - Indian Polity – about Citizenship under NRC.
“In a very short hearing, a three-judge Bench of the Supreme Court (the
Chief Justie of India Ranjan Gogoi and Justices Deepak Gupta and Sanjiv
Khanna) decided a batch of 15 petitions under the title Abdul Kuddus v Union
of India. Innocuously framed as resolving a “perceived conflict” between two
paragraphs of the Schedule to the Citizenship (Registration of Citizens and
Issue of National Identity Cards) Rules, 2003, the judgment — little reported
in the media — nonetheless had significant consequences for the ongoing
events in Assam surrounding the preparation of the National Register of
Citizens (“the NRC”)”
What was the issue in Abdul Kuddus?
In the State of Assam, there are two ongoing processes concerning the question of
citizenship. The first includes proceedings before the Foreigners Tribunals, which have been
established under an executive order of the Central government. The second is the NRC, a
process overseen and driven by the Supreme Court. While nominally independent, both
processes nonetheless bleed into each other, and have thus caused significant chaos and
confusion for individuals who have found themselves on the wrong side of one or both.
Flawed Tribunals
When adjudicating upon a person’s citizenship — a determination that can have the drastic and severe result of rendering a human being stateless — only the highest standards of adjudication can ever be morally or ethically justifiable. But in further strengthening an institution — the Foreigners Tribunal — that by design and by practice manifestly exhibits the exact opposite of this principle, the Supreme Court failed to fulfil its duty as the last protector of human rights under the Constitution.
Unwelcome Departure
The Court attempted to justify this by observing that “fixing time limits and recording of an order
rather than a judgment is to ensure that these cases are disposed of expeditiously and in a time
bound manner”.
Finally, The Supreme Court on July 23, 2019 extended the deadline for publication of the final
National Register of Citizens (NRC) in Assam from July 31 to August 31, 2019. The court also
rejected the pleas seeking permission for 20 per cent sample re-verification.