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Current Affairs of 14 April 2018

Keshav Kishore, Published On:14-Apr-2018



 1.    DIPP gave clarification on Angel Tax exemption

• Department of Industrial Policy and Promotion (DIPP) gave clear specifications on the issue of taxation of angel investments made in start-ups.

• Angel investors are such investors who generally invest in the entrepreneur starting the business and they are focused on helping start-ups.

• DIPP cleared that start-ups can take tax-exemption in any three consecutive years in the initial seven years.


2.     What is HELP?

• The full form of HELP is Hydrocarbon Exploration and Licensing Policy.

• The main focus of this policy is to provide single license for exploration and production of conventional as well as unconventional Hydrocarbon resources, marketing and pricing freedom.

• Under this policy there is a provision of Open Acreage Licensing Policy (OALP) through which investors can carve out blocks of their own interest and can submit an Expression of Interest (EoI) throughout the year.


3.     India-Myanmar-Thailand Trilateral Highway

• The work on 1000 km long India-Myanmar-Thailand (IMT) Highway started officially with the signing of agreement between National Highway Authority of India (NHAI) and Punj Lloyd and Varaha Infra. 

• It will connect Moreh in Manipur to Mae Sot in Thailand.

• It will enhance the flow of trade and investment, tourism, jobs etc.

• It is a major part of Act East Policy of India and for the completion of the project Ministry of External Affairs will provide Rs.1177 crore.


4.   Defence Expo 2018

The tenth series of Defence Expo was held at Arulmigu Nithayakalyana Temple, Thiruvidanthai, Thiruporur Taluk, Kancheepuram from 11th to 14th April 2018.

• The theme of this expo is “India: The Emerging Defence Manufacturing Hub”.

• There was delegation from 47 countries including the US, the UK, Russia, Sweden, Finland, Madagascar, Nepal, Italy etc.

• India and Russian firm signed seven deals for defence hardware.


5.    India ranked 130th in Index of Economic Freedom 2018

• Out of 186 countries surveyed by US based agency, The Heritage Foundation, India is at 130th position in the Index of Economic Freedom list.

• There are twelve factors on which this index is dependent such as property rights, tax burden, fiscal health, monetary freedom, investment freedom etc.

• India has moved upward from 143rd in 2017 to 130th in 2018 with a score of 54.5.

• Hong Kong has topped the list followed by Singapore, New Zealand, Switzerland, Australia, Ireland and Estonia.



Source: The Hindu, PIB, Investopedia 




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