Russia hosts BRICS Heads of Tax Authorities meet

The meeting of the Heads of Tax Authorities of the BRICS countries, namely Brazil, Russia, India, China and South Africa was held on 29 May. The meeting was hosted by the Federal Tax Service of Russia, which currently holds the BRICS Presidency, to discuss the response of BRICS Tax Authorities to the COVID-19 pandemic and to explore potential areas of cooperation in tax matters.

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The meeting was scheduled to be held in Moscow, but was held through video conference in view of COVID-19. Finance Secretary Ajay Bhushan Pandey represented India at the meeting. The Finance Secretary, while extending India’s support to the ongoing work in Organisation for Economic Cooperation and Development and G-20 project on addressing tax challenges posed by digitalization, underlined the need to ensure that the new tax rules are fair and simple.

Important takeaways for all competitive exams:

Members of the BRICS: Brazil, Russia, India, China and South Africa.

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Venkataramani Sumantran becomes new independent director of Indigo

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Venkataramani Sumantran has been appointed the independent director of airline company IndiGo. He presently served as the chairman and managing director of Chennai-based Celeris Technologies. He will hold the post for the next five years.

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Dr Sumantran, with a rich experience of over 35 years having worked in the USA, Europe and Asia, has been an industry leader, technocrat, academic and author.

Important takeaways for all competitive exams:

Indigo Airlines Headquarters: Gurugram, Haryana.
Indigo Airlines Established: 2006.

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WADA hands 4 year bans to Kiranjeet Kaur for doping

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India’s long-distance runner, Kiranjeet Kaur has been handed a four-year ban by World Athletics’ anti-doping body for testing positive for a banned substance (Enobosarm). She will be stripped of the gold medal she won at the Tata Steel Kolkata 25K. Her ban period begins from December 15 (2019), the date of in-competition sample collection. She was provisionally suspended by World Athletics on February 26.

The National Dope Testing Laboratory has been suspended by the World Anti-Doping Agency and so Kaur’s samples were tested in the WADA-accredited laboratory in Doha. “Enobosarm is a Prohibited Substance under the WADA 2019 Prohibited List (S1.2: Other Anabolic Agents). It is a non-Specified substance and is prohibited at all times.

Important takeaways for all competitive exams:

President of WADA: Sir Craig Reedie; Headquarters: Montreal, Canada.
Founded: 10 November 1999.

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Veteran lyricist Yogesh Gaur passes away

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Veteran lyricist Yogesh Gaur passed away. He wrote the lyrics of hit songs “Kahin duur jab din dhal jaye” and “Zindagi kaisi hai paheli” that defined the superhit film Anand (1971). He got his first break as a lyricist with the film Sakhi Robin (1962), in which he wrote six songs. He also wrote songs for films like Chhoti Si Baat (1976), Baton Baton Mein (1979), Manzil (1979), Rajnigandha (1974) and many more.

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India’s GDP growth slows to 11-year low of 4.2%

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National Statistical Office, under Ministry of Statistics and Programme Implementation, has estimated India’s gross domestic product (GDP) grew by 4.2 per cent in 2019-20 as compared to 6.1 per cent expansion in 2018-19, the slowest growth in GDP in 11 years. The earlier estimate by various arms of the government was 5 per cent growth in ‘19-20.

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India’s gross domestic product (GDP) growth in the fourth quarter of 2019-20 has been provisionally estimated at 3.1 per cent as against a rise of 5.7 per cent in the same period last year. Due to the slow growth rate, per capita income in real terms was unable to cross the Rs 1 lakh mark. The decline had an impact on the well-being of the people who withdrew their savings, leading to bank deposits falling by minus 53 per cent.

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Renowned astrologer Bejan Daruwalla passes away

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Renowned astrologer, Bejan Daruwalla passed away. His name figured among the 100 great astrologers of the last 1,000 years in ‘The Millennium Book of Prophecy’, published by Harper Collins. His astrological predictions were keenly followed by millions of people in the country. He used to predict political developments, cricket, film industry and film stars. Among his political predictions included victories of Morarji Desai, Atal Bihari Vajpayee, and lastly, Narendra Modi.

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First Chief Minister of Chhattisgarh Ajit Jogi passes away

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The first Chief Minister of Chhattisgarh, Ajit Jogi has passed away. A bureaucrat-turned politician, Ajit Jogi was a mass leader who dominated the state’s politics for long time. He was an MLA from Marwahi seat in the current assembly.

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Chhattisgarh came into existence in November 2000 and Ajit Jogi served as the first Chief Minister of Chhattisgarh from November 2000 to November 2003.

Important takeaways for all competitive exams:

Chief Minister of Chhattisgarh: Bhupesh Baghel; Governor: Sushri Anusuiya Uikey.

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World Digestive Health Day: 29th May

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World Digestive Health Day is observed globally on 29th May every year. It is organised by the World Gastroenterology Organisation (WGO) in collaboration with the WGO Foundation (WGOF).

The theme for the World Digestive Health Day 2020 campaign is “Gut Microbiome: A Global Perspective.”

Each year the day focuses upon a particular digestive disease and/or disorder in order to increase general public awareness of prevention, prevalence, diagnosis, management and treatment of the disease and/or disorder.

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About World Digestive Health Day:

World Digestive Health Day was launched in 2004 to mark the 45th anniversary of the creation of the World Gastroenterology Organisation. The organisation has over 100 member societies and 50,000 individual members all over the world.

Important takeaways for all competitive exams:

WGO Headquarters: Milwaukee, Wisconsin, United States.
WGO Founded: 1958.

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Leo Puri to become Chairman of JP Morgan South Asia and South East Asia

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Leo Puri has been announced to become the new Chairman of JP Morgan South Asia and South East Asia. He will replace Kalpana Morparia who will be serving as the chairman until the 1st Quarter of 2021. Leo Puri has earlier served as the Chief Executive Officer (CEO) of UTI Mutual Fund.

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In another major top-level change, Murali Maiya will become the new Chief Executive Officer (CEO) of JP Morgan South and South East Asia.

Important takeaways for all competitive exams:

Chief Executive Officer of JP Morgan: Jamie Dimon.

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Aiman Ezzat becomes new CEO of Capgemini Group

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Aiman Ezzat has become the new Chief Executive Officer (CEO) of French technology major Capgemini Group. He has replaced the presently serving Paul Hermelin who will continue to serve as the Chairman of the Board. The appointment of Aiman Ezzat was made at the close of the Annual General Meeting of Shareholders.

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Aiman Ezzat was earlier serving as the Chief Operating Officer of the Capgemini Group and has also served as the Chief Financial Officer of the company in the past. He was also named as the “Best European CFO” for the technology and software category of Institutional Investor magazine’s annual ‘All European Executive Team’ ranking.

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