Indian Railways to install TRI-NETRA to reduce train accidents
The Indian Railways has initiated process to launch the Terrain Imaging for Diesel Drivers- Infrared Enhanced Optical and Radar Assisted (Tri-NETRA) system to avoid train accidents. The system will be installed on locomotives for enhancing the vision of Locomotive Pilots in inclement weather. Key Features of Tri-NETRA system
Parliament passes Regional Centre for Biotechnology Bill, 2016
The Parliament has passed the Regional Centre for Biotechnology Bill, 2016 to provide statutory status to the existing Regional Centre for Biotechnology in Faridabad, Haryana. The Bill seeks to provide legislative backing to the Regional Centre and also confers upon it the status of an institution of national importance.
India’s first e-court opened at Hyderabad High Court
India’s first e-court (paperless court) was opened at High Court of Judicature at Hyderabad which is the common high court for the states of Andhra Pradesh and Telangana. It was inaugurated by Supreme Court judge Justice Madan B. Lokur who heads the e-Committee of the Supreme Court.
CBDT inks 7 Advance Pricing Agreements to cut tax litigation
he Central Board of Direct Taxes (CBDT) has signed seven unilateral Advance Pricing Agreements (APAs) with Indian taxpayers to reduce tax litigation. With this, CBDT has so far entered into 77 APAs. This includes three bilateral APAs and 74 unilateral APAs. These 7 APAs signed pertain to various sectors like banking, information technology and automotives. Some of these APAs have rollback provisions.
Fourth tranche of Sovereign Gold Bond scheme opened for subscription
The fourth tranche of the Sovereign Gold Bonds (SGB) scheme opened for subscription. SGB is government securities denominated in grams of gold. It offers an alternative to holding gold in physical form. The scheme was launched by the Union Government in October 2015. Government has fixed 3,119 Rupees per gram as the issue price for the bond in this tranche. The scheme will be open till 22 July 2016.
Guruprasad Mohapatra appointed as Chairman of Airports Authority of India
Senior IAS officer Guruprasad Mohapatra was appointed as Chairman of Airports Authority of India (AAI). Prior to this appointment he was working as Joint Secretary in Union Ministry of Commerce from the past two years.
Legendary playback singer Mubarak Begum passes away
Legendary playback singer Mubarak Begum passed away in Mumbai, Maharashtra after a prolonged illness. She was 80. She is known for her singing scores of songs, duets and ghazals for Bollywood, mainly during the 1950s-1970s
