Current Affairs in Short: 1 August 2018
The Supreme Court overruled its 21-year-old verdict and held that benefit of any ambiguity in notification related to tax exemptions must be interpreted in favour of the State.
Startup India Yatra begins in Chhattisgarh
• The Startup India Yatra began on July 30, 2018 in Raipur.
• Students queued up in large numbers to register for the first boot camp at Raipur.
• The Startup India van will travel to various cities of Chhattisgarh like Bilaspur, Korba, Koria, Surguja, Jashpur, Raigarh, Balodabazar, Durg, Rajnandgaon, Balod, Dhamtari, Kanker, Kondagaon, Jagdalpur and Dantewada.
• Startup India Yatra van is equipped with facilities for individuals and startups to pitch their ideas. The boot camps will include presentations on Startup India and Chhattisgarh Startup Policy followed by extensive ideation workshops.
• It will hold boot camps in the Government Engineering colleges and Polytechnic Institutes.
Ministry of Youth Affairs celebrating Swachhta Pakhwada to declare SAI Stadia as Plastic Free Zones
• Ministry of Youth Affairs & Sports is celebrating Swachhta Pakhwada from August 1 to 15, 2018 under the Swachh Bharat Mission Programme of Ministry of Drinking Water & Sanitation.
• The Ministry aims to make all five SAI Stadia namely Jawaharlal Nehru Stadium, Major Dhyan Chand National Stadium, Indira Gandhi Stadium Complex, Dr. Karni Singh Shooting Range and Dr. SPM Swimming Pool Complex as “Plastic Free Zone”.
• These five Stadia will strengthen their internal organisational set up like availability of drinking water facilities, alternative to disposable plastic materials, suitable arrangements of waste disposal, proper sensitization of user and staff of the Stadia, etc. towards implementation of plastic free zone.
• Banners/Posters/Standees, etc. with appropriate slogans will be displayed properly at the entrance and other suitable places in the Stadia for creating awareness.
Supreme Court overrules its 21-yr-old verdict on tax exemption notification
• The Supreme Court overruled its 21-year-old verdict and held that benefit of any ambiguity in notification related to tax exemptions must be interpreted in favour of the State.
• In 1997, the apex court said that in case of any ambiguity in a tax exemption provision or notification, it must be interpreted in favour the assessee claiming the benefit of such exemptions.
• It, however, reiterated that if in the event of ambiguity in a taxation liability statute, the benefit should go to the subject or assessee.
• A five-judge Constitution bench said that benefit of ambiguity in exemption notification of the government, which is subject to strict interpretation, cannot be claimed by the assessee.
Neelakurinji flowers to bloom in Kerala after 12 years
• The neelakurinji flower will bloom in the Anamalai hills near Munnar, Kerala after 12 years.
• Spread over 3,000 hectares of rolling hills, Munnar is home to this rarely occurring neelakurinji flower plants.
• These plants take another 12 years for the seeds to sprout again and grow up to 30 to 60 centimetres high.
Mars closest to earth in 15 years
• Mars will be closest to Earth in over 15 years at 57.6 million kilometres apart.
• With Mars and Sun on each side, the rare event will witness all three celestial bodies falling in a straight line.
• This will also be the closest when the red planet comes to Earth until October 2020.
• Back in 2003, Earth and Mars were “only” 56 million kilometres apart- the closest it came in over 60000 years.
Scientists discover new shape called scutoid
• Scientists have discovered a new shape called scutoid while studying nature’s way of moulding tissue to form the skin, cavity linings and the building blocks of organs.
• The shape has five sides on one end and six on the other and a triangular surface on one of its longer edges.
• Scientists have referred to it as a twisted prism kind of shape that allows the tissue to mould around organs.