Daily Current Affairs  – 10 August 2021

Facts in News Faceless or e-assessment Scheme Recently, The Income Tax department has notified three official email IDs for taxpayers to register their grievances over different aspects of the faceless assessment scheme. Key Points  It was launched by the Income Tax Department in October 2019. Under it, a taxpayer or an assessee is not required […]

In News  World Biofuel Day is observed every year on 10th August. About  The day was first observed in 2015 by the Ministry of Petroleum and Gas.  Its aim is to create awareness about the importance of non-fossil fuels as an alternative to conventional fossil fuels and to highlight the various efforts made by the […]

In News The Prime Minister released the 9th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). About The government has so far transferred nine installments amounting around ?1.57 lakh crore to farmer families under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. Also, in a bid to reduce the country’s dependency on […]

In News  Recently, the Commission for Air Quality Management in the National Capital Region and Adjoining Areas Bill, 2021 was passed by both Houses amid ongoing protests.  Need for Bill  Lack of a Permanent Mechanism: There was a lack of a permanent, dedicated and participative mechanism to adopt a collaborative and participatory approach that involves […]

In Context   A study published in Nature Climate Change has noted that Atlantic Meridional Overturning Circulation (AMOC) is losing its stability.  What is Atlantic Meridional Overturning Circulation (AMOC)? The AMOC is a large system of ocean currents.  It is the Atlantic branch of the ocean conveyor belt or Thermohaline circulation (THC). THC is a part […]