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Former SC judge V Ramasubramanian appointed new chairperson of NHRC.

Former Supreme Court judge V Ramasubramanian has been appointed the new chairperson of the National Human Rights Commission.

The post of NHRC chairperson had been lying vacant since Justice (retd) Arun Kumar Mishra completed his tenure on June 1.

Mishra served as the eighth chairperson of the rights panel and was appointed to its top post in June 2021.

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Former SC judge V Ramasubramanian appointed new chairperson of NHRC.

A former chief justice of India or a retired judge of the top court are appointed as NHRC chairperson by the president on the recommendation of the selection committee.

Former CJIs H L Dattu and K G Balakrishnan are among those who have headed the rights body in the past.

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Former SC judge V Ramasubramanian appointed new chairperson of NHRC.

Hon'ble President of India appoints Shri Justice V. Ramasubramanian (Retd.) as the Chairperson, and Shri Priyank Kanoongo and Dr. Justice Bidyut Ranjan Sarangi (Retd.) as the Members of the National Human Rights Commission(NHRC), India.

Kanoongo earlier served as a chairperson of the National Commission for Protection of Child Rights (NCPCR).

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

The Indian economy is exhibiting resilience and stability, and the gross domestic product (GDP) is projected to grow at 6.6 percent in 2024-25, aided by a revival in rural consumption, a pickup in government consumption and investment, and strong services exports, a RBI report said.

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

The Reserve Bank has released the December 2024 issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability.

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

The soundness of scheduled commercial banks (SCBs) has been bolstered by strong profitability, declining non-performing assets and adequate capital and liquidity buffers. Return on assets (RoA) and return on equity (RoE) are at decadal highs, while the gross non-performing asset (GNPA) ratio has fallen to a multi-year low, the report said.

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

It also said that macro stress tests demonstrate that most SCBs have adequate capital buffers relative to the regulatory minimum threshold even under adverse stress scenarios. Stress tests also validate the resilience of mutual funds and clearing corporations.

On the economy, FSR said during the first half of 2024-25, real GDP growth (y-o-y) moderated to 6 percent from,

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

8.2 per cent and 8.1 per cent growth recorded during H1 and H2 of 2023-24, respectively.

Despite this recent deceleration, structural growth drivers remain intact. Real GDP growth is expected to recover in Q3 and Q4 of 2024-25 supported by pick up in domestic drivers, mainly public consumption and investment, strong service exports and easy financial conditions, RBI said.

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Economy exhibiting resilience, GDP to grow at 6.6 pc in FY25: RBI report.

On inflation, the report said that going forward, the disinflationary effect of a bumper kharif harvest and the rabi crop prospects are expected to soften prices of foodgrains.

On the flipside, the rising frequency of extreme weather events continues to pose risks for food inflation dynamics.

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Senior IPS Officer Vitul Kumar To Take Charge Of Central Reserve Police Force.

Senior IPS officer Vitul Kumar will take charge as Director General of the Central Reserve Police Force (CRPF) after incumbent Anish Dayal Singh retires.

Vitul Kumar, a 1993 batch IPS officer of the Uttar Pradesh cadre, is currently serving as Special Director General of the CRPF.

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Senior IPS Officer Vitul Kumar To Take Charge Of Central Reserve Police Force.

The competent authority has approved to assign the officiating charge for the post of DG, CRPF, to Vitul Kumar upon superannuation of Anish Dayal Singh, a 1988 batch Manipur cadre IPS officer, on December 31, 2024 till appointment of a regular incumbent or until further order, whichever is earlier, said an order issued by the Union Home Ministry.

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India attempts first space docking for lunar missions, eyes elite club.

India put into orbit two small satellites for its first space docking experiment, a key step toward meeting the country’s ambitions to build its own space station and carry out a manned mission to the moon.

The initial docking attempt could take place by Jan. 7, S. Somanath, chairman of the Indian Space Research Organisation, said in an address after the launch.

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India attempts first space docking for lunar missions, eyes elite club.

This mission will be a forerunner for autonomous docking needed for future lunar missions like Chandrayaan-4 without the support of global navigation satellite systems from Earth,” Isro had said.

This technology is essential for India’s space ambitions such as Indian on Moon, sample return from the Moon, the building and operation of Bharatiya Antariksh Station (BAS) etc.

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Jasprit Bumrah fastest Indian to 200 Test wickets in terms of balls, 4th-quickest overall.

Star India pacer Jasprit Bumrah rattled the Australian batting order yet again when he grabbed four of the six wickets India had taken at tea on Day 4 of the fourth Test at Melbourne. In the process, reached the landmark of 200 Test wickets. He broke multiple records by achieving the milestone when he dismissed Travis Head in the post-lunch session.

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Jasprit Bumrah fastest Indian to 200 Test wickets in terms of balls, 4th-quickest overall.

The pacer became the first ever bowler to reach 200 Test wickets at a sub-20 bowling average. Further, he became achieved the landmark with his 8484th legal delivery in Test cricket, making him the fastest Indian to reach 200 wickets in terms of balls bowled. He eclipsed Mohammed Shami, who reached the same milestone after 9896 deliveries.

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Jasprit Bumrah fastest Indian to 200 Test wickets in terms of balls, 4th-quickest overall.

Overall, Bumrah is now the fourth-fastest bowler to achieve 200 wickets, behind Waqar Younis (7725 balls), Dale Steyn (7848 balls), and Kagiso Rabada (8154 balls).

The Indian pacer reached the milestone with a bowling average of 19.56, making him the first bowler in history to take 200 wickets with a sub-20 average.

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Jasprit Bumrah fastest Indian to 200 Test wickets in terms of balls, 4th-quickest overall.

He conceded only 3912 runs to reach the mark in the longest format, surpassing West Indies great Joel Garner, who earlier held the record by conceding 4067 runs.

Fewest balls to 200 Test wickets:

Waqar Younis – 7725 balls

Dale Steyn – 7848 balls

Kagiso Rabada – 8154 balls

Jasprit Bumrah – 8484 balls

Malcolm Marshall – 9234 balls

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Jasprit Bumrah fastest Indian to 200 Test wickets in terms of balls, 4th-quickest overall.

The pacer also became the joint second fastest Indian to 200 Test wickets, along with Ravindra Jadeja. Both Bumrah and Jadeja achieved the feat in their 44th Test. He is the 12th Indian bowler to reach the 200-wicket mark in Tests. He also became the first bowler to reach the milestone with an average of under 20.

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Jimmy Carter, 39th president and Nobel Peace Prize winner, dies at 100.

Jimmy Carter, a no-frills and steel-willed Southern governor who was elected president in 1976, was rejected by disillusioned voters after a single term and went on to an extraordinary postpresidential life that included winning the Nobel Peace Prize, died.

He was 100 and the oldest living U.S. president of all time.

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Jimmy Carter, 39th president and Nobel Peace Prize winner, dies at 100.

As the nation’s 39th president, he governed with strong Democratic majorities in Congress but in a country that was growing more conservative.

In 1978, Begin and Sadat were jointly awarded the Nobel Peace Prize, an honor conferred on Mr. Carter 24 years later for a lifetime of working for peace.

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RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1.

The Reserve Bank of India (RBI) proposed the introduction of a lookup facility for beneficiary accounts in the Real-Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT) systems to prevent fraud.

This facility will allow users to view and verify the name of the beneficiary before initiating a transaction,

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RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1.

similar to the existing feature on India’s real-time payment systems, Unified Payments Interface (UPI) and Immediate Payments Service (IMPS).

Currently, remitters cannot see the beneficiary's name before conducting a transaction on NEFT and RTGS. The RBI has directed member banks of these systems to implement the facility by April 1, 2025.

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RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1.

The feature will be provided to customers free of charge.

The National Payments Corporation of India (NPCI) has been tasked with developing the facility and onboarding all banks to enable the feature.

Based on the account number and IFSC of the beneficiary entered by the remitter, the facility will fetch the beneficiary’s account name from the bank’s core banking solution.

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RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1.

The facility will be accessible to remitters through internet and mobile banking as well as at bank branches for in-person transactions. Beneficiary banks will be required to display the account name to the remitter.

Both the remitting and beneficiary banks will need to store data related to the lookup queries and responses as part of the process.

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RBI proposes lookup facility for NEFT, RTGS; banks to comply by April 1.

However, the NPCI, while responsible for developing the facility, will not be permitted to store any data related to the lookup queries.

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Government extends deadline for direct tax Vivad Se Vishwas Scheme.

The Central Board of Direct Taxes (CBDT) announced an extension of deadline for taxpayers participating in the Vivad Se Vishwas scheme.

Initially set for December 31, 2024, the new deadline is now January 31, 2025.

The CBDT stated that the extension allows taxpayers additional time to determine the amount payable as specified in column (3) of the relevant table in scheme.

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Government extends deadline for direct tax Vivad Se Vishwas Scheme.

Union Finance Minister Nirmala Sitharaman announced the Vivad Se Vishwas scheme, aimed at helping taxpayers resolve disputes with the income tax department.

The scheme enables taxpayers to settle their outstanding tax liabilities by paying the disputed amount along with a specified percentage.

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Government extends deadline for direct tax Vivad Se Vishwas Scheme.

By opting for this scheme, taxpayers can effectively conclude their disputes and steer clear of additional penalties.

According to the extended scheme, penalty charges will differ based on the date of payment.

For taxpayers categorised as new appellants, the amount payable for disputed tax on January 31, 2025, is 100 per cent of the disputed amount,

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Government extends deadline for direct tax Vivad Se Vishwas Scheme.

increasing to 110 per cent if paid on February 1, 2025.In contrast, old appellants will face a charge of 110 per cent on January 31, 2024, which rises to 120 per cent the following day. Regarding disputed interest, penalties, or fees, new appellants are required to pay 25 per cent on January 31, 2025, increasing to 30 per cent on February 1, 2025.

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Government extends deadline for direct tax Vivad Se Vishwas Scheme.

For old appellants, the amounts are 30 per cent on January 31, 2025, and 35 cent on February 1, 2025. In case, the appeal proceedings are made after January 31, 2020, they will be called new applicants and if done before January 31, 2020, they will be categorised as old applicants.

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