Current Affairs India - 8 March 2016

1. Union Finance Minister Arun Jaitley has announced to withdraw proposal to tax Employee Provident Fund (EPF) withdrawals today in the Lok Sabha. Earlier he announced the proposal while presenting the Union Budget 2016-17 in the Lok Sabha last month. As per the proposal 60% of the amount deposited in the EPF account of the employee would be taxable at the time of withdrawal which drew lots of criticism from the salaried employees and middle class citizens.


2. Famous Dogri poetess and writer Padma Sachdev has been awarded with the Krutitava Smagra Samman for 2015 by the Bharatiya Bhasha Parishad in Kolkata for her tireless contribution in literature and Dogri Language. She was presented the award by West Bengal Governor Keshari Nath Tripathi. The award carries Rs. one lakh, a shawl and citation.


She has won the Sahitya Akademi Award for her first collection of Dogri poetry title Mere Kavita. She has also received the Padma Shri award in 2001 and the Kabir Samman for poetry for the year 2007-08, awarded by Government of Madhya Pradesh.


3. Global credit rating agency Fitch has maintained India-s GDP growth forecast at 7.5% for the current financial year 2015-16. This forecast is in line with the Finance Ministry-s growth estimates. As per its report, higher real disposable income, a normal monsoon and a substantial wage increase for central government employees will support economic recovery in the next two financial years.


4. Telecom operator Reliance Jio has announced that it would provide free WiFi services at six cricket stadiums during the upcoming T20 World Cup matches. The company-s WiFi network Jio Net will be available in Eden Garden at Kolkata, Wankhede Stadium (Mumbai), IS Bindra Stadium (Mohali), HPCA stadium (Dharamshala), Chinnaswamy Stadium (Bengaluru) and Feroz Shah Kotla (Delhi) during the T20 world cup matches.