Daily Current Affairs 30th April, 2017
Global Mobile Internet conference in Beijing
- The world’s largest mobile Internet conference started in Beijing on Thursday with technology executives, businessmen and developers attending talks by industry leaders at the capital’s China National Convention Centre (CNCC).
- The 2016 Global Mobile Internet Conference (GMIC) opened with a speech by E.Hao, the ‘Thought Leader’ for the Great Wall Club (GWC) organisers, while an exhibition showcasing robot products, virtual reality goggles and Unmanned Aerial Vehicles (UAVs) drew some 25,000 visitors to the Olympic Green venue.
- The five-day GMIC, hosted annually in Beijing and Silicon Valley in San Francisco, features talks on predicting the future with technology, including prospects for the internet movie industry, interactive entertainment and smart cars.
- The event also aims to provide a platform forstartups and budding entrepreneurs so they can learn about the next big innovations, according to the organizers, who say the “unprecedented Summit inspired by Science…breaks into the unknown and brings you to the future”
Survey finds Karnataka the most corrupt state
- Karnataka occupies the first slot in a list of states perceived to be corrupt on the basis of people’s experience in paying bribes for public services, a survey conducted by an NGO has revealed. Karnataka is followed by Andhra Pradesh, Tamil Nadu, Maharashtra, Jammu & Kashmir and Punjab.
- The Centre for Media Studies survey, which covered 20 states, found Himachal Pradesh, Kerala and Chhattisgarh to be the least corrupt
- . The report said around one-third of the households experienced corruption in public services at least once during the last one year in comparison to about 53% of households that admitted to paying bribes during a similar study in 2005.
ECONOMY, BANKING AND FINANCE
Without FATCA Compliance, Banks Accounts To Be Blocked
- Bank accounts that were opened between July 1, 2014 and August 31, 2015 and are not in compliance with FATCA (Foreign Account Tax Compliance Act) provisions will be blocked. The Income Tax Department had set a deadline of April 30 for FATCA compliance for these accounts.
- FATCA allows automatic exchange of financial information between India and the US.
- India had entered into an agreement with the United States for implementation of the Foreign Accounts Tax Compliance Act (FATCA) with effect from August 31, 2015.
- Account holders are required to provide details such as country of tax residence, tax identification number from such country, country of birth, country of citizenship etc.
- In a statement last month, the government had said that financial institutions are advised that all efforts should be made by the financial institutions to obtain the self-certification. The account holders may be informed that, in case self-certifications are not provided till April 30, 2017, the accounts would be blocked.
- If the accounts are blocked due to lack of self-certification, then transactions by the account holder in such blocked accounts will be permitted once the self-certification is obtained and due diligence is completed.
- Earlier, the financial institutions had to obtain self-certification from account holders by August 31, 2016, in respect of all individual and entity accounts opened from July 1, 2014 to August 31, 2015.
- Mutual funds and other financial institutions had also asked customers to comply with the new norms.
- In view of the difficulties faced by stakeholders, the tax department had on August 31, 2016 extended the deadline for complying with self-certification norms.
- The purpose of FATCA is aimed at ensuring that individuals pay tax on income generated from their wealth parked overseas.
- FATCA obliges such banks and financial institutions to report such information about citizens having accounts with them.
World Immunization Week, 24-30 April 2017
- World Immunization Week – celebrated in the last week of April – aims to promote the use of vaccines to protect people of all ages against disease. Immunization saves millions of lives and is widely recognized as one of the world’s most successful and cost-effective health interventions. Today, there are still 19.4 million unvaccinated and under-vaccinated children in the world.
- 2017 marks the halfway point in the Global Vaccine Action Plan (GVAP) – endorsed by 194 Member States of the World Health Assembly in May 2012 – which aims to prevent millions of deaths from vaccine-preventable diseases by 2020 through universal access to immunization.
- Despite improvements in individual countries and a strong global rate of new vaccine introduction, all of the targets for disease elimination—including measles, rubella, and maternal and neonatal tetanus—are behind schedule. In order for everyone, everywhere to survive and thrive, countries must make more concerted efforts to reach GVAP goals by 2020. Additionally, those countries that have achieved or made forward progress towards achieving the goals must work to sustain those efforts over time.
- The theme is VaccineWorks
PLACES IN NEWS
Mumbai and Chennai have been named among the top 20 tourist destinations in the Asia Pacific (APAC) region, a report said.
- The rankings have been based in terms of total number of international overnight arrivals, number of nights spent at each destination and cross-border spending, according to Mastercard Asia Pacific Destinations Index 2017.
- Overall, Bangkok remains the most visited in the list of 171 destinations across 22 countries in the APAC region.
- Chennai ranked 14 with 5.2 million international overnight arrivals, while Mumbai stood 15 with 4.9 million arrivals.
- In terms of total night spent, Mumbai ranked 13, with tourists stayed for 30.7 million nights in 2016, while Chennai was at 15 with 29.6 million nights.
- Chennai ranked 13 with an expenditure of $4.6 billion by international tourists. Mumbai was at 15 with $4.4 billion spend
Sufi legend Begum Yaman passes away at 52
- Famous sufi singer and daughter of legendary Sitar Maestro (late) Ustad Vilayat Ali Khan, Begum Yaman K. Khan has passed away after multiple organ failure.
- Begum Yaman was the granddaughter of Ustad Inayat Khan and daughter of Ustad Vilayat Khan of the Imdadkhani (named after her great-grandfather Imdad Khan) or Etawah Gharana.
- Begum Yaman used to sing all forms of Indian semi-classical music and was probably the only female singer in India of Sufi style of music in its purest form. She was the recipient of ‘Hasrat Amir Khusrao Award’ by Urdu Press Club International and an award for her excellence and contribution to semi-classical and Sufiana kalam by Balkan-Ji-Bari International.
Pankaj Advani settles for silver at Asian Snooker Championship
- India’s top cueist Pankaj Advani lost to China’s Lv Haotian in the summit clash of Asian Snooker Championship here today, as he failed in his bid to win the continental double of billiards and snooker titles in the same year.
- Advani lost 3-6 in the final to his Chinese opponent and it meant that he could not become the first player to win both Asian titles in Billiards and Snooker in same calendar year.
- The defeat in the final also meant that Advani could not complete a career Grand Slam in cue sport.
After becoming a pilot, Gul Panag is now India’s first woman to race in Formula E
- After becoming a certified pilot, former Miss India Gul Panag is now unleashing the automobile junkie in her on a professional platform- Formula E. Panag, who is currently in Barcelona, Spain, drove Mahindra Racing’s all new M4Electro at the circuit de Calafat in Catalonia, Spain.