- RS passes Bill to slash salaries of MPs(TH) Parliament on Friday passed a Bill to reduce for one year the salaries of parliamentarians by 30% “to meet the exigencies arising out of COVID-19
GS3: Agriculture related issues
- Market failure(TH) small farmers, form the majority and their access levels to markets under the APMC system are at the rate of one for an area of 434.48 sq. km on average — well below the recommendation of the National Commission on Farmers (NCF), at one market for 80 sq. km.
- Why MSP scare:Wheat farmers availing it double 5 years, paddy up70 percent(IE) The number of wheat farmers who availed the minimum support price (MSP) has doubled in the last five years, while the number of such paddy farmers has increased by 70 per cent during the same period, according to the latest official data.
- Country Of Origin: onus is on importers(TH) The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR, 2020), notified on August 21, shall come into force from September 21,
- Drone insurance must be on lines of aviation liability’(TH) Noting that the draft rules suggest that the compensation should be on the lines of the Motor Vehicle Act, the working group said “this is not in line with international practices.
- Govt looks to extend faceless assessment scheme;changes in I-T, GST,FinanceActs(IE) Replacing the earlier Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020, promulgated in March, the government introduced the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 in Lok Sabha on Friday. More amendments have been now introduced in the Bill including a proposal to extend faceless assessment scheme for power of calling of information, revision and effect of orders, and faceless inquiry or valuation.
- Govt amends public procurement norms;entities of nations blocking Indian cos to face reciprocal action(IE) As per the amendments to the 2017 Public Procurement (Preference to Make in India) Order, nodal ministries and departments have also been given powers to demand that the products supplied for their tenders be made using a “higher” proportion of local content.
- FDI in defence up to 74%:‘Inflows subject to time-bound security clearances’(IE) According to the latest policy, approved last week by the Cabinet, FDI will now be allowed beyond 49 per cent to 74 per cent under the automatic route. Investment through the government route will be allowed beyond 74 per cent in cases where such FDI is “likely” to result in access to modern technology or where such an investment above the new automatic route is required for “other reasons” to be recorded.
GS3: Science and Tech
- VAIBHAV to be held online from Oct. 2(TH) The Department of Science and Technology and the Defence Research and Development Organisation will be organising a month long session of webinars and online discussions involving non-resident Indian (NRI) scientists. It is called the Vaishwik Bharatiya Vaigyanik (VAIBHAV) Summit.
- In a first, eight beaches of India recommended for the coveted “Blue Flag” International eco-label. The recommendations are done by an independent National Jury composed of eminent environmentalists & scientists. Blue Flag beaches are considered the cleanest beaches of the world. The eight beaches are Shivrajpur in Gujarat, Ghoghla in Daman&Diu, Kasarkod and Padubidri beach in Karnataka, Kappad in Kerala, Rushikonda in Andhra Pradesh, Golden beach of Odisha and Radhanagar beach in Andaman and Nicobar.
- Glacier retreat in Himalayas to cause water crisis: study(IE) The HKH region extends across 3,500 km over eight countries—Afghanistan, Bhutan, Bangladesh, China, India, Myanmar, Nepal and Pakistan.