Current Affairs

18th August, 2020

ON THIS DAY IN HISTORY

 

  • 1943 The Battle of Stalingrad comes to an end as the Axis Powers surrender
  • 1922 “Ulysses” by James Joyce is published
  • 1852 The first public flushing toilet is opened in London

 

NATIONAL

 

  • For every rupee in government kitty, 64 paise come from taxes. According to the Union Budget 2020-21, goods and services tax collections will contribute 18 paise in every rupee revenue.
  • Budget 2020 | Finance Minister proposes ‘taxpayer’s charter’ to boost trust. The charter, which would enumerate taxpayer’s rights, would be incorporated in the Income Tax Act through suitable amendments.

 

INTERNATIONAL

  • Budget 2020: Non-taxpaying NRIs to be taxed in India, says FM. The Union Budget 2020 has now proposed to introduce a deeming provision that every Indian citizen who is not liable to tax in any other country, by virtue of his domicile or residence, shall be deemed as a resident of India. Consequently, his global income would be taxable in India.

 

SPORTS

  • Kenin beats Muguruza to win Australian Open women's title. It was the final surprise in a tournament of upsets, where Williams went out in the third round and Kenin upset Australia’s world number one Ashleigh Barty in the semi-finals.

 

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