General Awareness for Bank exams (January) - Part 6

1) Expert committee headed by Retired Justice R.V.Easwar has submitted its recommendations on simplification of IT Act, 1961 to Union finance ministry on Jnauary 19th . Major recommedndations are related to simplifying provisions related to Tax Deduction at Source TDS, Tax refunds and Claims of expenditure for deduction from taxable income.

2) Sikkim state has become India’s first fully “Organic state” after its successful implementation of organic farming practices around 75,000 hectares of agricultural land. This formal declaration has been made by Narendra Modiafter inaugurating the Sikkim Organic Festival 2016 in Gangtok, Sikkim.

3) BSE (Bombay Stock Exchange) has launched a new serive for algorithm trading test facility for investor on its derivatives and equity platform. This will enable all market participants to test their trading algorithms in different trading segments including equity, equity derivatives and currency derivatives.

4) Economic Emergency state has been declared by France president Francois Hollande to redefine its economic and social model, to boost longs stagnant economic growth and reduce chromic unemployment.

5) Tata Motor’s has appointed Guenter Butschek as CEO and MD of the company on January 19th . Prior to this appointment he seved as COO (chief operating officer) of plane-maker Airbus Goup .

6) Found member of American rock band ‘Eagles’ Glenn Frey(67) passed away due to rheumatoid arthritis in New York.

7) NASA successfully launced Jason -3 Ocean Monitoring satellite through SpaceX Falcon 9 rocket on January 18 from Caifornia Vandenberg Air Force Base on January 19th.

8) Geethapriya(84) , Renowned Kannada filmmaker and lyricist has passed away with throat cancer in Bengaluru. He has received Puttanna Kanagal Award in 1986 for life time achievement.

9) Dinesh Sharma has been elected as one of the Board of Directors for Asian Infrastructure Investment Bank (AIIB).AIIB provides financial support for Infrastructure development and regional connectivity in various sectors including Transportation, Energy , Urban construction, education and health care.

10) 2016 WTA Apia International title of Tennis has been won by Viktor Troicki of Serbia (World rank: 22) in Men’s Singles category. He defeated Grigor Dimmitrov of Bulgaria with in the final match.

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