TODAYS TOP NEWS
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1. NAG PANCHAMI • THE FESTIVAL OF SNAKES : Panchami Tithi Starts:12:37 AM on Aug 09 End: 03:14 AM on Aug 10 Nag Panchami is celebrated on the fifth day (panchami) in shukla paksha (bright half, after the new moon) in the month of Shravan.
2. Parliament has passed the Finance Bill, 2024, Appropriation Bill, 2024 and Jammu and Kashmir Appropriation Bill, 2024 with the Rajya Sabha returning these Bills to the Lok Sabha after discussion. The Lok Sabha has already passed these bills.
(a) The Finance Bill gives effect to the financial proposals of the Central Government for the financial year 2024- 2025.
(b) The Appropriation Bill seeks to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of India for the services of the financial year 2024-25.
(c) The Jammu and Kashmir Appropriation Bill authorises payment and appropriation of certain sums from and out of the Consolidated Fund of the Union territory of Jammu and Kashmir for the services of the financial year 2024-25.
3. The Waqf (Amendment) Bill, 2024 has been sent to the Joint Parliamentary Committee for further scrutiny. After introducing the Bill in the Lok Sabha today, Minority Affairs Minister Kiren Rijiju said, the government is ready for further scrutiny of the legislation. Earlier, moving the bill, the Minister clarified that this bill is not intended to interfere in the functioning of the religious body and it is to provide justice to the disadvantaged and poor sections of the Muslim community.
4. The Mussalman Wakf (Repeal) Bill 2024 was also introduced in the House to repeal the Mussalman Waft Act 1923.
5. The opposition parties yesterday staged a walk out from the Rajya Sabha over the issue of disqualification of Indian wrestler Vinesh Phogat from the Paris Olympics. Chairman Jagdeep Dhankhar said the entire country including President Droupadi Murmu, Prime Minister Narendra Modi and he himself is in pain over the disqualification of Vinesh Phogat and politicising it is a disrespect to the wrestler.
6. PM Modi is scheduled to visit the landslide ravaged Wayanad on Saturday.
7. The Ministry of Information and Broadcasting has prepared the draft Broadcasting Services (Regulation) Bill, 2024 which will replace the Television Network Act of 1995. According to reports the act will classify influencers or social media pages who make content or write about current affairs or any other news online as ‘digital news broadcaster’.
8. Madhya Pradesh Chief Minister Mohan Yadav announced that Google Cloud will establish a start-up hub and centre of excellence in the state, with potential investments amounting to ₹3,200 crore. Proposals were also discussed with companies like Nvidia and Infosys for further development, aiming to create around 7,000 jobs.
9. Andhrapradesh CM N Chandrababu Naidu as Telugu Desam chief has chaired the party’s politburo meeting on Thursday and discussed political strategies for the MLC elections and to Launch Janmabhoomi-2.
10. Telangana to Issue New Ration Cards : Food and civil supplies minister N. Uttam Kumar Reddy will be the chairman of the Cabinet sub-committee to examine and recommend the eligibility criteria and modalities for issue of new food security (ration) cards and health cards. of the committee.
11. The Haryana government will felicitate wrestler Vinesh Phogat — who was disqualified from the Olympics for being overweight ahead of her gold medal bout in the 50 kg category — like a medallist, Chief Minister Nayab Singh Saini said on Thursday.She will be offered the same reward that the state government offers to Olympic Games silver medallists, the chief minister added.
12. PM Modi on Friday lauded Neeraj Chopra as “excellence personified” after he became the first Indian track-and-field athlete to win two successive Olympic medals with a silver in men’s javelin throw.
13. The Punjab government on Thursday announced that it will give a cash award of Rs 1 crore to each hockey player from the state, who was part of the Indian men’s team that won a bronze medal in the Paris Olympic Games.
14. Dorothy’s Seat, Nainital’s famous tourist spot also known as Tiffin Top, has collapsed following a landslide caused by heavy rains this week. There were no casualties.
15. The Waqf Board Bill, which was introduced in the Lok Sabha on Thursday to much opposition from the I.N.D.I.A. bloc, was sent to a Joint Parliamentary Committee.
16. Nearly 1.7 lakh women from Mumbai’s island city apply for Ladki Bahin scheme: Under the scheme, women with an annual family income of less than 2.5 lakh will get monthly aid of Rs 1500.
17. Former West Bengal Chief Minister Buddhadeb Bhattacharjee has passed away at the age of 80. Bhattacharjee breathed his last at his residence in Ballygunge at around 8:20 am yesterday.
LEGAL REPORT
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1. The Telangana High Court has stayed the conduct of all league matches of the Hyderabad Cricket Association (HCA). The court will hear the matter again on September 5.
2. Former IAS probationer Puja Khedkar, who has been accused of cheating and wrongly securing OBC and disability quota benefits, on Thursday approached the Delhi High Court seeking anticipatory bail in the criminal case against her.
3. Why Waqf Board Amendment Bill 2024 In News? : Waqf refers to properties dedicated exclusively for religious or charitable purposes under Islamic law.Once designated as Waqf, ownership is transferred from the person making the Waqf (waqif) to Allah, making it irrevocable
(a) In 1954, the Jawaharlal Nehru government passed the Waqf Act, which led to the centralisation of waqfs. Under the Act, the government established the Central Waqf Council in 1964. In 1995, the law was amended to allow the formation of waqf boards in each state and union territory.
(b) What is a Waqf property?
It refers to a moveable or immovable property dedicated in the name of God for charitable purposes by a deed or an instrument.
(c) Waqf is a permanent dedication of movable or immovable properties for religious, pious or charitable purposes as recognized by Muslim Law, given by philanthropists. The grant is known as mushrut-ul-khidmat, while a person making such dedication is known as Wakif.
(d) Who owns Waqf Board?
Waqf refers to properties dedicated exclusively for religious or charitable purposes under Islamic law. Once designated as waqf, ownership is transferred from the person making the waqf (waqif) to Allah, making it irrevocable. These properties are managed by a mutawwali, appointed by the waqif or a competent authority.
(e) Presently there are thirty Waqf Boards across the country in twenty-eight states and Union territories. States such as Goa, Arunachal Pradesh, Mizoram, Nagaland and Sikkim and the Union Territory Daman and Diu have no Waqf Board at present. The Waqf Act 1995 is not applicable to Jammu and Kashmir.
(f) Waqf Boards currently control 8.7 lakh properties spanning 9.4 lakh acres across India , with an estimated value of ₹1.2 lakh crore. Collectively, this makes the Waqf Boards the third largest landowner in India, after the armed forces and the Indian Railways. The Waqf Act was last amended in 2013.
An amended in 2013 to give far-reaching powers to the Waqf Board to designate a property as ‘Waqf Property’. In case of dispute whether a property can be considered a waqf, Section 6 of the 1995 Act reads “the decision of the Tribunal in respect of such matter shall be final.”
(g) PM Modi-led goverment is all set to table the Waqf (Amendment) Bill, 2024, in the Lok Sabha on August 8 . The new bill that proposes to amend the Waqf Act, 1995 will be introduced in the Lok Sabha by Minority Affairs Minister Kiren Rijiju. With over 40 amendments.
(h) The bill aims to restrict the power of Waqf boards to manage its properties and provides for more government regulation.
It also aims to ensure women’s representation on the Central Waqf Council and state boards.
(j) The bill proposes to make registration with the District Collector’s Office mandatory for any Waqf property, so that the property can be evaluated.
(k) Amendments also give the Central government the power to “direct the audit of any waqf at any time by an auditor appointed by the Comptroller and Auditor-General of India, or by any officer designated by the Central Government for that purpose”.
(l) Do waqf boards pay taxes? No, the Wakf board’s income is exempt from Income Tax but revenue generated from leasing of properties can be taxed under the service tax and GST laws.
FINANCE
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USD ₹ 84 (Approx)
💷 GBP ₹107(Approx)
€ Euro : ₹ 92(Approx)
🇨🇳 Yuan ¥ : ₹ 12
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BSE SENSEX
78,886.22 −581.79 (0.73%) 🔻
NIFTY
24,117.00 −180.50 (0.74%)🔻
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Rates in Financial Capital Mumbai
GOLD : ₹ 69,300/10gm (24 krt)
SILVER : ₹ 82,000/KG
1. The Reserve Bank of India (RBI) has increased the UPI limit for tax payments from Rs 1 lakh to Rs 5 lakh per transaction. This move aims to boost digital payments, facilitate larger transactions, and reduce reliance on cash providing convenience to taxpayers and encouraging digital payment adoption.
2. Deloitte’s India Economic Outlook for August 2024 predicts strong economic growth between 7.0% and 7.2% in FY25, driven by robust economic fundamentals. This surpasses the Economic Survey’s prediction but aligns with the Reserve Bank of India’s outlook. However, Deloitte also pegs FY25 GDP growth at 6.6%, raising its FY24 prediction.
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ENTERTAINMENT NEWS
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1. Bollywood actor Akshay Kumar has made a donation of Rs 1.21 crore at the Haji Ali Dargah in Mumbai for its renovation, according to the official handle of the Dargah.
2. RELEASING TODAY
(a) Phir Aayi Hasseen Dillruba
Actors: Taapsee Pannu, Vikrant Massey, Jimmy Shergill, Sunny Kaushal, Vivek Jha
Release on: 9 Aug 2024
Crime, Drama, Mystery
Director: Jayprad Desai
(b) GHUDCHADI :
Release on :9 Aug 2024
Comedy, Drama, Romance
Cast: Sanjay Dutt, Raveena Tandon, Parth Samthaan, Khushalii Kumar, Aruna Irani, Ansha Sayed, Navni
Director: Binoy Gandhi
3. Malayalam Megastar Mammootty, who has delivered back-to-back hits in recent times, is reportedly now a front-runner in the race for best actor at the 70th National Film Awards, which will be announced this month. As per reports, the actor is a strong contender for the best actor award along with Kannada actor Rishab Shetty, who earned national acclaim for his work in the film ‘Kantara’.
DEFENCE News
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1. The Indian Army has conducted a strategic military exercise, ‘Parvat Prahaar’, in Ladakh, focusing on high-altitude warfare and operations. This exercise is crucial for maintaining the readiness and effectiveness of the Army in the region, which is close to the India-China border.
(a) The ‘Parvat Prahaar’ (Mountain Strike) exercise emphasizes mountainous and rugged terrains, such as those found in regions like Eastern Ladakh.
(b) Different kinds of tanks, artillery guns including K-9 Vajra, air-defense systems, UAVs, and other aviation assets of the Army are showcasing their operability and war preparedness.
2. Surgeon Vice Admiral Anupam Kapur has officially assumed the role of Director General Hospital Services (Armed Forces) at the office of the Director General Armed Forces Medical Services. His commission into the Indian Navy dates back to June 27, 1987, marking a long and distinguished career.
3. Indian naval warship INS Tabar docks near London’s Tower Bridge INS Tabar, a stealth frigate built for the Indian Navy in Russia, is commanded by Captain M.R. Harish with approximately 280 personnel on board.
09 Aug (Friday)*
Vedic Ritu/ Vasant Ritu
Drik Ritu : Varsha Ritu
पक्ष :: Shuklapaksh
Vikram Samvat – 2081
Shaka Samvat – 1946
Month : Shravan 19, (Purnimanta)
Srawan 05 (Amanta)
Nakshatra : Hasta/
Chitra
Tithi : Panchami/
Shashthi
Rahu : 10:55 AM – 12:32 PM
Yamaganda: 03:46 PM – 05:22 PM
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