TNPSC Current Affairs 2016 October 27

TNPSC Current Affairs 2016

1. India And New Zealand Signed three Agreements

India has signed three agreements with New Zealand on 

• Avoidance of Double Taxation, 
• Co operation in field of youth and sport affairs, and 
• Food safety cooperation between FSSAI (Food Safety and Standards Authority of India) in the presence of Indian Prime minister Narendra Modi and his counterpart John Key.

John Key  is also said that New Zealand supports India's membership in NSG (Nuclear Supplier Group).

2.Man Booker Prize 2016 - Paul Beatty

Paul Beatty the writer from U.S has won the 2016 Man Booker Prize for the novel Sellout

Sellout a intense satire novel which explore the legacy of Slavery and racial and economic inequality in America. The Sellout Novel is published in 2015 which drew ecstatic praise from critics and writers and also it won the National Book Critics Circle Award for Friction. 

About Man Booker Prize:

Man Booker is a prestigious award in Literature which is established in 1969. It is a literary Prize awarded each year for the best novel written in English Language and published in UK. Initially it was awarded only to commonwealth countries , Irish and Zimbabweans . From 2014 it was awarded to all the English Language novel.

The winner will receive 50,000 Pound and pound 2,500 for each shortlisted authors.

3.India - South Korea - Double Taxation Avoidance Agreement(DTAA).

The Double Taxation Avoidance Agreement which signed by Prime Minister Narendra Modi in 2015 at Seou will have effect in India in Respect of income derived in fiscal years beginning after April 11,2017.

What is Doouble Taxation Avoidance Agreement?

DTAA is also referred as Tax Treaty which is a bilateral economic agreement between 2 nations that aims to avoid double taxation for the same income in Two Countries.

4. Central Government Approved Establishment of IISER Berhampur, Odisha

Government of India( The ministry of Human Resource Development), has proclaimed Indian Institute of Science Education and Research (IISER) Berhampur Odisha.

The main objective was to promote quality education and cutting edge research in basic sciences and to provide a platform for the faculty to engage in high quality education, at undergraduate and postgraduate levels. 

Facts:

The Kaliyattam Festival is celebrated in North Malabar, Kerala. Theyyam performed in Kaliyattam festival was most popular.