VINTAGE

     Important Current Affairs of 29^th October, 2015

·   Bidhya Devi Bhandari (deputy leader of the Communist Party of Nepal Unified Marxist-Leninist) was elected as the first-ever woman President of Nepal on 28 October 2015.

·         e-Sahyog pilot project launched by the Union Govt. on 27 October 2015 that aims to facilitate easier facilities for country’s taxpayers.

The objective of “e-Sahyog” is to provide an online mechanism to resolve mismatches in Income-tax returns of those assesses whose returns have been selected for scrutiny, without visiting the Income Tax Office. Under this initiative the Department will provide an end to end e-service using SMS, e-mails to inform the tax assesses of the mismatch.

·   India ranked 130 out of 189 countries with regard to ease of doing business in World Bank’s annual ‘Doing Business 2016’ Report. India moved 12 places up during 2015 as compared to 142 last year.

·         Ease of doing Business report is topped by Singapore, followed by New Zealand, Denmark, South Korea, Hong Kong, Britain and the US.

·   Yes Bank become the first bank to set up its IFSC (International Financial Services Centre) banking operations at Gujarat International Finance Tec. City (GIFT City)

·   The NITI Aayog’s sub-group of Chief Ministers has suggested increasing the flexi-fund component of centrally-sponsored schemes (CSS) to 25%. The present flexi-fund component of CCS is 10%.