The Kerala government has announced to impose 14.5 % tax on junk food on the lines of ‘Fat Tax’ imposed on such food items.
- This will make food items like burgers, pizzas, pasta costlier.
- The need for the so-called ‘fat tax’ is explained by the fact the state currently has the second-highest obesity rate for children in India.
Biennial NATO summit has begun in Warsaw, capital of Poland. NATO's 28 member countries, partner countries and international organizations will attend the conference.
- In NATO summit Warsaw military engagement plan in Central and Eastern Europe will be passed. NATO will send the troops to Estonia, Latvia, Lithuania and Poland.
- Germany, UK, USA, Canada will lead the forces.
Russian leader Putin signs ‘Big Brother’ law
Russian President Vladimir Putin in July 2016 signed the “anti-terrorist” legislation adopted by the lower and upper houses of parliament in June 2016.
- This anti-terror amendment is dubbed as Big Brother by US intelligence contractor turned privacy activist Edward Snowden.
- Critics say that the measures may cost billions to the internet and telecom companies.
- Law enforcement agencies will be granted access to any user’s messages without any judicial oversight.
West Bengal to set up three biotechnology hubs
The West Bengal Government has taken up a project to set up three biotechnology hubs across the state to bring in more biotechnology innovations to the State.
- The three proposed biotechnology hubs will come in Bardhaman, Kalimpong and Medinipur districts.
- They will help in the coordination of various departments with the Biotechnology Department in a better way.
ICICI SECURITIES tops IPO Ratings
ICICI Securities has topped the Initial Public Offering (IPO) league table in the first half of 2016.
ICICI Securities has topped the Initial Public Offering (IPO) league table in the first half of 2016.
- ICICI Securities is ICICI Bank’s investment banking arm.
- Kotak Investment Banking, which was in pole position last year, is currently second, with four deals worth Rs 1,036 crore.
Vishal Kapoor to be the new CEO of IDFC MF
IDFC Mutual Fund has announced the appointment of Mr. Vishal Kapoor as its chief executive officer.
- Kapoor will be responsible for driving the accelerated growth of IDFC AMC.
- He will take charge from September this year.
- At present, He is working with Standard Chartered Bank as the managing director.
Tathagata Roy sworn-in as acting Governor of Arunachal Pradesh
Tripura Governor Tathagata Roy has sworn in as the acting Governor of Arunachal Pradesh.
- With this he becomes 18th Governor to be sworn in as Governor of Tripura.
- He has been given the additional charge of Governor of Arunachal Pradesh during the leave of absence of incumbent Governor Jyoti Prasad Rajkhowa.
