- The Vice-President of India, Jagdeep Dhankhar becomes the third Vice-President in India’s history to resign before completing his term, after V.V. Giri and R. Venkataraman in accordance with Article 67(a) of the Constitution of India.
- The Vice-President holds office for a term of five years and can resign at any time by addressing the resignation letter to the President.
- He is also eligible for reelection to that office.
- Constitutional Provisions for Removal: Under Article 67(b), the Vice President can be removed through a resolution passed by a majority in the Rajya Sabha and subsequently agreed upon by the Lok Sabha.
- A 14-day notice is mandatory before such a resolution can be moved. Read More
Home / Daily Current Affairs / 22-07-2025
Daily Current Affairs – 22 July, 2025
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- Recently, the Select Committee of Parliament (31-Member) tabled its report on the new Income Tax Bill, 2025 in the Lok Sabha.
- TDS Refunds: Proposed removal of strict penalty clauses against late refund claims when the taxpayer is otherwise compliant.
- Trust Taxation: Relief for religious-cum-charitable trusts from flat 30% tax on anonymous donations.
- GAAR Safeguards: Supports restoration of zero-tax withholding certificates for non-residents, facilitating smoother cross-border compliance.
- Beneficial Ownership: Clearer definitions to avoid ambiguity in corporate taxation. Read More
Parliamentary Panel on Income Tax Bill Provisions
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Key Recommendations of the Parliamentary Panel
- India, a country with immense talent and growing ambitions in the global sporting arena, is poised for a strategic transformation with the introduction of the National Sports Policy 2025.
- Governance: Establish a robust regulatory framework for sports governance, including legal framework.
- Private Sector Funding & support: Develop innovative financing mechanisms and engage private sector participation through PPPs and CSR.
- Technology & Innovation: Leverage emerging technologies, including AI and data analytics, for performance tracking, research, and program implementation.
- National Monitoring Framework: Create a national framework with well-defined benchmarks, Key Performance Indicators (KPIs), and time-bound targets. Read More
National Sports Policy 2025
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Strategic Framework:
- With global biodiversity facing critical threats due to habitat loss, climate change, and species extinction, the 2025 IUCN Congress debate over Motion 133 has brought synthetic biology's role in conservation science into sharp focus.
- Synthetic biology refers to the design and construction of new biological entities or the redesign of existing biological systems using engineering principles.
- Genetic technologies involve the manipulation, analysis, and application of DNA, RNA, and proteins to understand and conserve biological diversity.
- These tools are increasingly being used to monitor, protect, and even revive endangered and extinct species. Read More
Synthetic Biology in Conservation
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About Synthetic biology
- India and EU have exchanged offers on goods and services in the 12th round of FTA talks, marking key progress on risk assessment and regionalization, but harmonization and dispute resolution remain unresolved.
- The India-EU relationship can be traced back to the early 1960s, with India being amongst the first countries to establish diplomatic relations with the European Economic Community.
- Relationships developed over the years, culminating in a formal Strategic Partnership in 2004 and the start of talks for a Bilateral Trade and Investment Agreement, or India-EU FTA, in 2007.
- FTA talks stalled in 2013 after 15 rounds due to a "gap in ambition.
- The EU sought market access in sensitive sectors like wine, cheese, and spirits, while India prioritized liberalization of services trade and visa access. Read More
India-EU Trade Deal Negotiations: Differences over Food Safety Rules Persist
In News
Background
- Life Insurance Corporation of India (LIC) paid ₹62.36 crore as stipend to women under ‘Bima Sakhi Scheme’ during FY 2024–25.
- It is an initiative of Life Insurance Corporation of India (LIC) designed to empower women aged 18-70 years, who are Class X pass.
- They will receive specialized training and a stipend for the first three years to promote financial literacy and insurance awareness.
- The stipend scheme is in addition to their commission pay-outs and is subject to certain performance parameters.
- The amount of the stipend ranges from Rs 7000/- per month in the first year to Rs 5000/- in the third year. Read More
