Income Tax Department aims to spread tax literacy among children through games, puzzles and comics
Income Tax Department aims to spread tax literacy among
children through games, puzzles and comics
Moving beyond text based literature,
awareness seminars and workshops, the Central Board of Direct Taxes (CBDT) has
adopted a novel approach to spread tax literacy through 'learn by play'
methods.
Why is it in news?
CBDT has brought out products to
introduce concepts related to taxation, often perceived to be complicated, to
high school students through board games, puzzles and comics.
Highlights
· Kick-starting this initiative, Union Finance Minister
Nirmala Sitharaman launched a series of communication and outreach products
aimed at spreading financial and tax awareness at the Closing Ceremony of the
Azadi Ka Amrit Mahotsav Iconic Week in Panaji, Goa on Saturday evening.
· She termed the next 25 years as Amrit Kaal, and said youth
would play a major role in shaping the new India. Smt. Sitharaman also
distributed the first sets of the games to select school students present at
the event.
· These products will be initially distributed to schools
through the network of Income Tax offices spread across India. A proposal
to distribute these games through bookstores is also being worked out.
IICA celebrates Azadi Ka Amrit Mahotsav with exhibition of ESG-CSR “Benchmarking the best practices”
IICA celebrates Azadi Ka
Amrit Mahotsav with exhibition of ESG-CSR “Benchmarking the best practices”
Shri Rao Inderjit Singh: Evolution of Revolution – Sustainability, ESG, CSR in
a new paradigm shift
Thousands
of industry leaders have witnessed a revolutionary evolution of ESG and CSR at
the campus of Indian Institute of Corporate Affairs (IICA), IMT Manesar. About
30 top companies exhibited their practices in the sphere of sustainability,
Environment-Social-Governance (ESG), and Corporate Social Responsibility (CSR).
Why is it in news?
School
of Business Environment (SoBE) in IICA has set the right directions for
companies to be more responsible in their approach towards the society, economy
and environment. IICA is a think tank under the Ministry of Corporate Affairs
working towards strengthening the ESG-CSR ecosystem in the country among its
other initiatives.
Highlights
· Shri Rao Inderjit Singh,
Union Minister of State for Corporate Affairs was the Chief Guest in the event
and participated virtually. He said that Ministry’s contribution in
promoting Good Corporate Governance has further facilitated ease of doing
business in the country.
· Government lays strong
emphasis on the reinforcement of 'minimal government & maximum governance',
public trust and ease of doing business. The Government has repealed over 25000
compliances and nearly 1500 union laws.
· The Amrit Kaal will focus
on the next phase of Ease of Doing Business (EoDB 2.0) and Ease of Living and
the government following the goal of 'trust-based governance' to improve the
productive efficiency of capital and human resources. He emphasised
that Sustainable Development is now recognized as Fundamental Right of the
people. The Supreme Court of India has held that sustainable development is to
be treated as an integral part of life under article 21 of the Constitution of
India. Hence, complying with the principle of sustainable development is a
constitutional mandate. He said that as an Individual everyone has a great
responsibility on their shoulders. Until individual mindset is changed, massive
revolution is difficult in achieving the SDG Goals.
· Shri Rajesh Verma,
Secretary, Ministry of Corporate Affairs said that Ministry of Corporate
Affairs has made remarkable contributions by introducing Corporate Social
Responsibility (CSR) mandate under the Companies Act, and the National
Voluntary Guidelines on Social, Environmental and Economic Responsibilities of
Business and also an updated version of National Guidelines on Responsible
Business Conduct (NGRBC).
· The Securities and Exchange
Board of India (SEBI) has mandated Business Responsibility and Sustainability
(BRSR) reporting on top 1000 listed companies by market capitalization. The
foundation of BRSR is inspired by the Ministry of Corporate Affairs’ Report on
Business Responsibility Reporting (BRR) and National Guidelines on Responsible
Business Conduct.
· Secretary, Corporate
Affairs released a book titled “Benchmarking ESG & CSR” a compilation of
the case studies on identified practices on sustainable development projects by
companies through their ESG and CSR initiatives. The book was edited by Dr.
Garima Dadhich and Dr. Ravi Raj Atrey.
· An essay competition was
also organized by IICA, three winners received awards for their best essays by
the Secretary, Corporate Affairs. In a Panel discussion on Corporate
Governance, Shri Inderdeep Singh Dhariwal, Joint Secretary MCA Chairing the
Technical Session 1 spoke about the youth’s contribution towards the
revolutionary change of the Corporate Governance. Sh Manoj Pandey Joint
Secretary emphasised on Women’ Financial Literacy during the 2nd Technical
Session, while Chairing.
· Shri Praveen Kumar, Director
General and CEO, IICA in his welcome address said that , It is well-known
that economy is the backbone of any nation and one of the key drivers of this
backbone is the corporate sector. They have played a significant role in the
remarkable Indian Growth story and they would have to continue their
exceptional contribution to ensure that the economy keeps attaining greater
heights. The Ministry of Corporate Affairs (MCA) provides the enabling
framework for corporates in order to make them effective contributors to
national development. The IICA is the only institution that has a mandate to
strengthen corporate affairs in the country. 30 Exhibitors working on
ESG-SDG-CSR exhibited their best practices being carried out by them. The
Exhibition was inaugurated by Secretary MCA Sh Rajesh Verma. Around 30
Companies participated and exhibited their Best Practices.
· Ms Nandita Mishra and other
panellists also expressed their views during the technical Sessions.
· During the Inaugural
programme winners of the Essay competition were announced . Topic
of the Essay Competition was “Corporate Governance : Evolving Vision For
New India” . The contest was open for the students and young professionals upto
the age of 30 years in Bilingual language i.e. Hindi or in English. Tremendous
response for this competition was received in terms of entries. 3rd Prize
Mr Sartaj Singh 2nd Prize Ms Nandini Agarwal and the !st prize to Mr
Samyak Sanghvi from Ahmedabad were felicitated with the cash prize and a certificate.
· In the Technical session on
Impactful CSR towards strengthening ESG, Ms Anita Shah Akella, Joint Secretary,
Ministry of Corporate Affairs Chairing the technical session stated
that Corporate have been playing a key role by making contributions for
the betterment of society through their CSR initiatives. Presently they are
witnessing a transitional approach from CSR to ESG in their functioning. A
women centric approach, a gender sensitive approach, is required in any
initiative, particularly when we talk about the CSR and ESG aspects.
Particularly the governance aspects of ESG should focus on Women’s Rights in an
organizational setting. Other dignified speakers in the panel were Ms Naina Lal
Kidwai, Ms Namita Vikas, Dr Inderjeet Singh, Mr. Shrabjeet Sahota, Dr.Suranjali
Tondon, Ms Neetu Ahuja and Dr. Garima Dadhich. The panel concluded that to
achieve a paradigm shift in ESG and CSR may be destined through such
initiatives of the IICA which motivate those doing good work and inspires
others to follow. IICA’s upcoming Certified ESG Professional Course will also
be a landmark in this sector in country. I
· In another technical
session emphases was made on Financial Inclusion and Literacy of Women. Dr.
Naveen Sirohi, emphasised on importance of women empowerment and financial
literacy. The speakers were Shri Manoj Pandey, Joint Secretary, MCA, Sushmita
Phukon, Seema Singh, and Namita Vikas.
· Mr Arjan De Wagt Deputy
Representative UNICEF India, Smt Nandita Mishra – Economic Adviser
MCA, Mr Agrim Kaushal Adviser DPE and Shri Vishram Kumar Meena, Additional Dy
Commissioner Gurugram also graced the programme.
· The event ‘Promoting
Impactful CSR and Good Governance’ was organised in collaboration with NITI
Aayog, Department of Public Enterprises and Unicef India in light of requirements
under Amrit Kaal. The programme was facilitated by Dr Garima Dadhich, Head of
School of Business Environment in support with Dr Lata Suresh Head KRC, Dr Ravi
Raj Atrey and Ms Sudha Rajagopalan under the able guidance of Shri Praveen
Kumar DG & CEO, IICA.
· Our dedicated contributions
today will witness a great revolutionary change tomorrow and will have far
reaching impacts day after, said Dr. Garima Dadhich and Dr. Ravi Raj Atrey
Faculty of School of Business Environment in IICA during an interview describing
about the book which was released during the Inaugural session.
· Dr Lata Suresh was the Master
of ceremony during the event who is also a media coordinator.
Binary super massive black hole discovered in a system which could be site of future gravitational waves detection
Binary super massive black hole discovered in a system which
could be site of future gravitational waves detection
An international collaboration of astronomers has discovered
a binary super massive black hole in a system which will be a strong candidate
for future detection of gravitational waves (GWs).
Why is it
in news?
A group of astronomers from
Argentina, Spain, Italy, USA and India has discovered a binary super massive
black hole system in the gravitationally lensed blazar AO 0235+164 using
extensive optical photometric observations carried out around the globe during
last 4 decades (1982 - 2019). They discovered periodic double-peaked flaring
events at an interval of around 8 years, and the separations between two peaks
of these flares are around 2 years. Five such periodic patterns were detected,
and it was predicted that the next such flaring event will occur between
November 2022 and May 2025. To confirm the next periodic pattern, a global
optical photometric monitoring campaign has been initiated under WEBT (Whole
Earth Blazar Telescope) consortium. The observational campaign will be led by
Dr. Alok C. Gupta.
Highlights
·
Blazars which are super massive
black holes (SMBH) feeding on gas in the heart of a very distant galaxy, are
among the most luminous and energetic objects in the universe.
·
When the jet, composed of ionized
matter traveling at nearly the speed of light, is pointed towards an observer,
it is called a blazar. The blazar AO 0235+164 is unique as it is
gravitationally lensed by intervening galaxies (phenomenon by which light shining from far away to be bent and pulled by
the gravity of an object between its source and the observer).
·
Dr. Alok C. Gupta, Senior Scientist
from Aryabhatta Research Institute of Observational Sciences (ARIES), Nainital,
an autonomous institution of the Department of Science and Technology (DST),
Government of India, has participated in this study which has been recently
published in the journal Monthly Notices of the Royal Astronomical
Society (MNRAS).
·
The study was led by Mr. Abhradeep
Roy, a Ph.D. student of the Department of High Energy Physics (DHEP), Tata
Institute of Fundamental Research (TIFR), Mumbai. The other members of the
Indian team include Prof. V. R. Chitnis, Dr. Anshu Chatterjee and Dr. Arkadipta
Sarkar from TIFR, Mumbai.
·
The team detected five sets of
double-peaked flaring activities during time ranges --- January 1982 -
October 1984, March 1989 - July 1993, April 1996 - March 2001, June 2006 - June
2009 and May 2014 - May 2017.
·
They expect the next such 2 years
long flaring episode to happen between November 2022 and May 2025. An intensive
multi-wavelength WEBT campaign will be conducted during this period to test the
persistence of this apparent nearly-periodic oscillation (QPO) in AO 0235+164.
·
The blazar AO 0235+164 is the first
binary SMBH gravitationally lensed system, which will be a strong candidate of
its kind for future detection of gravitational waves (GWs) using the pulsar
timing array and future space-based GW detectors.