Lok Sabha passes Taxation Laws (Second Amendment) Bill, 2016

The Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016 to amend the Income Tax Act, 1961 and Finance Act, 2016 on 29 November 2016. The Bill was introduced in Lok Sabha on 28 November 2016.
  • It imposes a higher rate of tax and penalty in respect of undisclosed incomes.
  • The Bill proposes to introduce the Pradhan Mantri Garib Kalyan (PMGK) Yojana, 2016.  

Even nil vacancies won’t cut backlog: Report

A study ordered by the Supreme Court shows that more judges in the High Courts, or even filling all the vacancies in them, does not necessarily end pendency. The study was conducted by the National Court Management Systems Committee (NCMSC).

Son has no legal right in parents’ house, can stay at their mercy: HC

In a significant move, the Delhi High Court has ruled that a son cannot claim a right to live in the self-acquired house of his parents and can do so only at their mercy.

Industries should use recycled ground water

The Water Ministry is planning amendments to a Bill on groundwater management that will impose restrictions on how companies, farmers and various groups can use groundwater.

AIIB driven by projects and not politics: Alexander

The Asian Infrastructure Investment Bank (AIIB), conceived and hosted by China, is essentially a multilateral development bank that is driven solely by the “quality of projects and not politics”, according to its Vice-President, Danny Alexander.

ISRO drones help map disasters in north-east

The Shillong-based North-Eastern Space Applications Centre (NE-SAC) of the Indian Space Research Organisation has tested unmanned aerial vehicles (UAVs) to assess several regional problems, ranging from measuring diseased paddy fields to damage caused by frequent landslides in the north eastern region of the country.

Australia’s Great Barrier Reef sees largest coral die-off ever

As per a recently conducted study, a mass bleaching event on the Great Barrier Reef this year killed more corals than ever before sounding the alarm over the delicate ecosystem. The 2,300-kilometre Great barrier reef in Australia is the world’s biggest.