SC upholds Aadhaar link with PAN

The Supreme Court on 9 June 2017 ruled that it would be mandatory for Aadhaar holders to link Aadhaar with their permanent account number (PAN) for filing income tax returns (ITRs).

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World Investment Report 2017

India improved its ranking by one notch to 9th position as one of the highest recipients of foreign direct investment (FDI) in 2016, at a time global FDI flows fell, the UN trade and development agency said in its latest World Investment Report 2017.

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India becomes full members of SCO

India and Pakistan on 9 June 2017 became full members of the Shanghai Cooperation Organisation (SCO) summit at Astana. India’s membership was strongly pushed by Russia while Pakistan’s entry into the grouping was backed by China.

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India signed global tax treaty

India’s most hard-fought import from Portugal may have been gangster Abu Salem, but while signing the Multilateral Tax Convention, it kept Lisbon out of a rule that allows companies to escape tax on dividends in India easily.

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India signs multilateral instrument

India has signed a ground-breaking multilateral BEPS convention that will close loopholes in thousands of tax treaties worldwide. The multilateral instrument was signed by Finance Minister Arun Jaitley at the OECD headquarters in Paris.

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QS Rankings 2018

For the first time, three renowned Indian institutions — the Institute of Science (IISc) Bangalore and the IITs Delhi and Bombay, have catapulted to the list of the top 200 global universities.

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WHO expands list of essential medicines

The World Health Organisation has added 30 new medicines for adults and 25 for children to the list of essential medicines, bringing the total number of such drugs to 433.

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Committee to focus on bad loan

The Reserve Bank of India (RBI) has identified some large stressed loan accounts for resolution as it steps in to directly fix the bad loan menace at Indian banks, after it was empowered by a recent banking ordinance to do so.

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Petrol and diesel to revised every day

Petrol and diesel prices will be revised every day across the country from June 16, according to an official statement from public sector oil marketing companies.

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Only Indian in Forbes highest paid athletes list

Indian cricket captain Virat Kohli is the sole sportsperson from the country to feature among the world's 100 highest paid athletes in the latest Forbes list topped by soccer star Cristiano Ronaldo.

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As part of multi-pronged strategy to address rural poverty, Ministry of Rural Development (MoRD) is undertaking two initiatives in skill development under the National Rural Livelihoods Mission (NRLM):

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India is among the top five consumer markets in Asia, offering retailers consumer spending growth of an average of 6.1% over the next five years, says a report.

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India has reached 15th spot in the 4G availability globally, a survey by London-based wireless coverage mapping company OpenSignal revealed on 7 June 2017.

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India will soon sign a pact with Somalia for exchange of sentenced prisoners as the Union Cabinet on 7 June 2017 gave its nod for it. A meeting of the cabinet, chaired by Prime Minister Narendra Modi, gave its approval for signing and subsequent ratification of the agreement on transfer of sentenced persons between India and Somalia.

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The Central Board of Direct Taxes (CBDT) on 6 June 2017 notified a series of exemptions to the anti-abuse provision introduced in the Finance Act 2017 to curtail money laundering through securities transactions.

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Shri J P Nadda, Union Minister for Health and Family Welfare launched the ‘Skill for Life, Save a Life’ initiative. India enjoys a demographic dividend as more than 65% youth are below the age of 35 years and the Government is determined to seize this opportunity by providing adequate skills and employability to the youth for a strong foundation for continued and sustainable growth. 

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Habibganj in the suburbs of Bhopal will redefine the concept of a railway station in India. The country’s first railway station to be redeveloped as a public-private partnership (PPP), Habibganj is set to become a swanky commercial hub with shops, offices and hotels, all in a span of three years.

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Oil India Ltd (OIL), the nation’s second largest state explorer, on 6 June 2017 said it has made an oil discovery in the Baghjan area of upper Assam basin. The well South Baghjan-2 encountered multiple sands in Narpuh and Lakadong+Therria formations

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UN chief Antonio Guterres has warned that the state of the oceans will continue to deteriorate unless nations overcome short-term territorial and resource interests. “Improving the health of our oceans is a test for multilateralism, and we cannot afford to fail,” Secretary-General Guterres said, addressing the first UN conference on the health of the oceans and seas

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India on 6 June 2017 signed an agreement with Sri Lanka to provide USD 318 million as line of credit to develop the island nation’s railway sector. The agreement was signed by RHS Samaratunga, Secretary, Ministry of Finance and Mass media, and David Rasquinha, Managing Director of India’s Export-Import Bank in Colombo.

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The Indian Space Research Organisation on 5 June 2017 launched the GSAT-19 satellite, one of the heaviest communication satellites, with the GSLV MK III-D1 rocket. The rocket became the heaviest to be launched by the Indian space agency ever with the heaviest single payload put in orbit as well.

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Government of India, through the Energy Efficiency Services Limited (EESL) under the Ministry of Power, would be retrofitting 10 lakh conventional street lights with LED lights in Gram Panchayats of 7 districts in Andhra Pradesh.

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India has surpassed China to secure the top position among 30 developing countries on ease of doing business, according to a study that cited India’s rapidly expanding economy, relaxation of FDI rules and a consumption boom as the key drivers.

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Saudi Arabia, Egypt, Bahrain and the United Arab Emirates announced on 6 June 2017 they were severing diplomatic ties with Qatar, as they accused the Gulf state of supporting terrorism. 

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India has been ranked 45th, down four notches from last year, in terms of competitiveness in the annual rankings compiled by the International Institute for Management Development's (IMD)  which saw Hong Kong topping the list.

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The government has started its media blitzkrieg to tell the common man that the upcoming GST will reduce prices of most goods. The Central Board of Excise and Customs (CBEC) in advertisements in leading dailies gave pictorial representations of items which are exempt from Goods and Services Tax and the ones which would attract lower tax of 5 per cent.

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ISRO's upcoming endeavours -- the GSAT-19 and the GSAT-11 satellites -- are potential game changers and can revolutionise communications by empowering a digital India and providing Internet services and streaming like never before.

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The GST Council on 3 June 2017 cleared the pending rules, including transition provisions and returns, with all the states agreeing to 1 July roll out of the Goods and Services Tax.

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The GST Council on 3 June 2017 cleared the pending rules, including transition provisions and returns, with all the states agreeing to 1 July roll out of the Goods and Services Tax.

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Krishnapatnam Port has installed a first of its kind Automated Fertilizer Handling System in the country which handles cargo operations from vessel to rail or road, cutting short handling time to hours.

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India aims to make Varanasi the first fully renewable energy powered city in the world, ahead of the German city of Munich, which is working towards reaching the goal by 2025.

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China’s controversial cybersecurity law, which requires international firms to store critical data within the country, has come into effect amid complaints from foreign businesses.

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Securities and Exchange Board of India (Sebi) has set up a committee to help improve corporate governance of listed companies, it said on 2 June 2017, in the light of recent high-profile corporate tussles.

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India on 2 June 2017 successfully test-fired its indigenous nuclear-capable Prithvi-II missile from the Integrated Test Range (ITR) at Chandipur in Odisha. The surface-to-surface medium-range ballistic missile was fired from a mobile launcher from launch complex-3 of ITR.

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The Laser Interferometer Gravitational-wave Observatory (LIGO) said that it had made another successful detection of gravitational waves, ripples in space and time, from the merger of two massive black holes that happened three billion light years away.

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Scientists have developed a new artificial intelligence system that can predict how long a person will live simply by looking at the images of their organs.

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Nasa is set to launch the world's first mission on 3 June 2017 to study rapidly spinning neutron stars - the densest objects in the universe - nearly 50 years after they were discovered.

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India and Russia on 1 June 2017 concluded a much-awaited pact for setting up the last two units of the Kundankulam nuclear power plant with Moscow's help in Tamil Nadu after overcoming initial hurdles to finalise the strategic deal.

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Union Minister of State for Parliamentary Affairs and Agriculture and Farmers Welfare, Shri S.S. Ahluwalia, led anIndian Parliamentary delegation on a three-day visit to Sweden for promoting and strengthening parliamentary relations between the two countries.

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Scientists, using the world's most powerful X-ray laser, have successfully created a molecular black hole consisting of heavy atoms that suck electrons from their neighbours.

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India will finally commission its first new conventional submarine in July-August after a long gap of over 17 years, while the second one will begin its sea trials off Mumbai.

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The RBI met heads and senior executives of various banks to discuss the broad contours of tackling the issue of stressed assets. The meeting was attended by heads of ICICI Bank, IDBI Bank, Axis Bank, HDFC Bank, Standard Chartered Bank and Canara Bank.

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India and Spain on 31 May 2017 signed seven agreements, including on cyber security and technical cooperation in civil aviation, during Prime Minister Narendra Modi's visit to the European country.

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The US military said it had intercepted a mock-up of an intercontinental ballistic missile in a first-of-its-kind test that comes amid concerns over North Korea’s weapons program.

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UNION HEALTH Minister J P Nadda is set to get the World Health Organization’s (WHO) award for outstanding global leadership in tobacco control.

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India has lost 1,700 hectares of forest annually between 1962 and 2002 due to cultivation of tobacco in these areas, the WHO said. On the eve of ‘World No Tobacco Day’, the global health body said that stamping out its use can help nations reduce large-scale environmental degradation.

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Two of India’s iconic brands, Amul and ISRO, have announced a tie up for the benefit of dairy farmers by signing a memorandum of understanding, envisaging fodder acreage assessment using satellite observation and space technology.

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Ministry of Earth Sciences, Government of India is all set to launch ‘Deep Ocean Mission’ by January 2018. This will improve India’s position in ocean research field. Shri M Rajeevan, Secretary, Ministry of Earth Sciences announced.

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The centre on 30 May 2017 launched an aggressive new campaign titled 'Darwaza Band' to promote toilet use and freedom from open defecation (OD) across the country's villages.

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Scientists have discovered a potentially habitable Earth-like planet, located just 21 light years away, that may host liquid water on its surface.

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The United Nations on 30 May 2017 appointed an Indian human rights lawyer and two other experts to a fact-finding mission investigating alleged killings, rape and torture by security forces against Rohingya Muslims in Myanmar’s Rakhine state.

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For promotion of toilet usage across the country’s villages, the Ministry of Drinking Water and Sanitation has come out with an aggressive new campaign called Darwaza Band starting on May 30th, 2017.

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The 5th India Morocco Joint Commission Meeting (JCM) was held in Rabat on 25 and 26 May 2017. The JCM was anchored by Smt Nirmala Sitharaman, Commerce and Industry Minister.

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The world's largest optical and infrared telescope is being built in Chile that will help scientists understand the inner-workings of the universe. With a main mirror 39 metres in diameter, the Extremely Large Telescope (ELT) is being built by the European Southern Observatory (ESO).

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NASA will soon make an announcement about their first mission to fly directly in the Sun’s atmosphere. NASA will host an event from the University of Chicago’s William Eckhardt Research Center Auditorium on May 31. The event will be streamed live on NASA television and agency’s website.

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Indian Oil Corp (IOC) has overtaken Oil and Natural Gas Corp (ONGC) to become India's most profitable state-owned company. IOC, which has for decades been India's biggest company by turnover, posted a 70 per cent jump in net profit to Rs 19,106.40 crore in the financial year ended March 31, 2017.

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Indian tax laws are perceived to be second most complex in the Asia-Pacific region, becoming even less predictable over the last three years, a Deloitte survey has said.

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An indigenous rocket as heavy as 200 full-grown Asian elephants could well be the one taking "Indians into space from Indian soil" as the country inches closer to joining the big boy's space club.

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In a bid to ramp up bilateral cooperation on maritime security, India and Mauritius signed a maritime security agreement after extensive talks between Prime Minister Narendra Modi and the visiting Mauritius PM Pravind Jugnauth.

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China on 28 May 2017 launched a national satellite navigation and positioning system (SNPS) which will provide positioning service to transportation, emergency medical rescue and city planning and management.

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The ​World Health Organization (WHO) ​confirmed the first three cases of Zika virus in India, as having been reported from Ahmedabad, which includes a pregnant lady tested this January.

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The G-7 summit 2017 hosted by Italy for two consecutive days including world’s wealthiest democracies ended on 27 May 2017 without a finalised decision on climate change. 

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The Government in the last three years had taken various initiatives for the welfare of the people ensuring Sabka Saath Sabka Vikas.

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Introduced by Congressmen Erik Paulsen and Mike Quigley, the Stopping Trained in America PhDs from Leaving the Economy (STAPLE) Act, is likely to benefit Indians given that they constitute the largest number of students doing PhD in the US.

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Indo-Thailand Humanitarian Assistance and Disaster Relief (HADR) Table Top Exercise 2017 is in progress at Chiang Mai, Thailand from 22 May to 26 May 17 between the Indian Air Force and Royal Thailand Air Force (RTAF). The eleven member IAF contingent is led by Group Captain Sucharu Rai VM. 

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The Dhola-Sadiya Bridge, the country's longest river bridge, inaugurated by Prime Minister Narendra Modi in Assam, will provide a big boost to the Indian Army as it protects the nation's Northeast region against China.

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Jupiter's poles are covered in Earth-sized swirling storms that are densely clustered and rubbing together, reveals first science results from NASA's Juno mission to the largest planet in our solar system.

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A team of astronomers has discovered new kind of galaxies which, although extremely old – formed less than a billion years after the Big Bang – create stars more than a hundred times faster than our own Milky Way.

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