27-12-2016

the hindu
1.India needs lower taxes, higher compliance: Jaitley.

The Finance Minister said he foresaw an India in the coming decades where voluntary compliance increases.

Union Finance Minister Arun Jaitley on Monday said India needs lower taxes to compete globally and that voluntary tax compliance by citizens should be encouraged by a friendly administration.

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2.Polavaram project gets Central funds.

This should quell A.P.’s sense of distrust towards the Centre over funding for the project: Jaitley

The Centre on Monday released ₹1,981.54 crore, through the National Bank for Agricultural and Rural Development (Nabard), for Andhra Pradesh’s ambitious ₹16,000-crore Polavaram irrigation project along the Godavari river.

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3.Agni-V test fired again from mobile- launcher.

Signals that country’s nuclear deterrence capability has come of age

The test-firing of India’s most formidable ballistic missile, Agni-V, from the Abdul Kalam Island, off the Odisha coast on Monday, was an unalloyed success, signalling that India’s nuclear deterrence capability has come of age.

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4.Time to repeal the FCRA.

Noting that the power to grant remission is exclusively that of the State government and not the judiciary, the Supreme Court refrained itself from allowing any reprieve to four convicts who have served 25 years of their life sentence for the murder of an elderly couple in Kolkata in 1991.  read more

tio
1.Agni-V with China in range tested

India’s most formidable missile, the over 5,000-km range Agni-V , is now ready for user-trials by the military after it underwent its fourth and final test-firing from the integrated test range off the Odisha coast on Monday .   read more

2.950 million Indians don't have internet access, says study
Low Rate Of Digital Literacy Is Major Hurdle To Adopt Tech
At a time when the government is aiming to convert cash economy of the country to a digital one, a study on Monday provided a reality check to this move -nearly a billion Indians do not have an internet connection.

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3.Handle with Care.
Benami property legislation is an important addition to toolkit to combat black money
In his last radio address of the year, Prime Minister Narendra Modi pointed out his government’s attempt to combat black money would not stop with demonetisation. Instead it would include a package of measures, of which a legislation to prohibit benami transactions in property was an important one. Real estate is one of the largest repositories of undeclared income. Therefore, government’s toolkit to fight black money has to include means to flush out actual owners who use others to mask their ownership.

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