Current Affairs in Short: 22 May 2020

Former world no. 1 and four-time Grand Slam singles champion, Ashley Cooper passed away recently at the age of 83 after a prolonged illness.

Created On: May 22, 2020 17:58 ISTModified On: May 22, 2020 17:59 IST
CA in short

Karnataka allows inter-state movement of people

Karnataka has allowed inter-state travel amid the fourth phase of nationwide COVID-19 lockdown.
Now, the inter-state travel pass will not be required to go out of Karnataka if the individual has the consent of the receiving state. The state order follows the recent announcement of relaxed guidelines by the Ministry of Home Affairs. 
This will allow free movement of the migrant workers, pilgrims, tourists, students and other people who are stranded in different places. 

Four-time Grand Slam singles champion Ashley Cooper passes away 

Former world no. 1 and four-time Grand Slam singles champion, Ashley Cooper passed away recently at the age of 83 after a prolonged illness. Cooper had won three of the four majors -the Australian Open, Wimbledon and US championships in 1958. 
Cooper had also won four doubles titles at Grand Slam tournaments. He achieved the top rank in 1957. The Australian was recognised as the world's best amateur player during the years of 1957 and 1958.
A back injury in 1959 ended his professional career. Following this, Cooper returned to Brisbane, Australia and ran a business and worked as an administrator in the sport.
In 1958, his only loss in the Grand Slams came in the semifinals at the French Open.

Government releases Rs 1,160 cr to Nafed for buying pulses, onion

The central government has released Rs 1,160 crore to cooperative Nafed for the procurement of rabi pulses grown in the crop year 2019-20. Nafed would be procuring the produce directly from the farmers for building a buffer stock of onion and pulses.
The fund was made available through the Price Stabilisation Fund (PSF) operated by the consumer affairs ministry. Under the fund, the commodities are purchased at market prices.
The centre has currently set a procurement target of 50,000 tonnes of onion, 5.5 lakh tonnes of tur dal and 1.5 lakh tonnes of masoor dal for the buffer stock purpose.
Nafed was earlier asked to procure 2 lakh tonnes of tur dal from the rabi season. Now, it has been asked to procure additional 3.5 lakh tonnes of tur dal, taking the total procurement to 5.5 lakh tonne.

Income Tax dept refunds Rs 26,242 crore 

The Central Board of Direct Taxes (CBDT) released an amount worth Rs 2,050.61 crore during the previous week to 37,531 income tax assesses and around Rs 867.62 crore to 2,878 corporate tax assesses.
The tax department has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April 2020. The move is a part of its efforts to hasten the refund process for making liquidity available with people and firms to help them deal with the COVID-19 crisis.
Around 16,84,298 tax assesses have received refunds between April 1 and May 21, as per CBDT. Total income-tax refund worth Rs 14,632 crore have been released to 15,81,906 assesses and corporate tax refund amounting to Rs 11,610 crore to 1,02,392 assesses during the period. 

NTPC, ONGC to set up Joint Venture Company for Renewable Energy Business

National Thermal Power Corporation Limited (NTPC) has signed a Memorandum of Understanding with the Oil and Natural Gas Corporation Limited (ONGC) to set up a joint venture company for the renewable energy business.
The agreement will enable both companies to increase their presence in the renewable energy sector. Under the MoU, NTPC and ONGC will jointly explore the setting up of offshore wind and other Renewable Energy Projects in India and overseas. 
The two companies will also explore opportunities in the field of E-mobility and ES (Environmental, Social and Governance), storage and sustainability projects. 

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