The Daily Brief – 29th March 2019

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1. India and the African Union have signed an MoU to initiate and strengthen the cooperation in the health sector in a structured and organised manner by establishing the India-Africa health sciences collaborative platform. The first India-Africa Health Sciences Meet was held in 2016. Founded on 26 May 2001, the African Union (AU) is a continental union consisting of 55 member states located in the continent of Africa.
2. The Union Cabinet has approved the creation of six additional posts in the National Company Law Appellate Tribunal (NCLAT). The proposal involves the creation of three additional posts each for judicial members and technical members in the NCLAT. National Company Law Appellate Tribunal (NCLAT) was established on June 1, 2016 under Section 410 of the Companies Act, 2013. The current Chairperson of NCLAT is Hon’ble Justice Shri S.J. Mukhopadhaya, former Judge of the Supreme Court.

   

3. The Turing Award 2018 has been conferred upon Geoffrey Hinton, Yann LeCun, and Yoshua Bengio who have kickstarted an AI revolution by studying the learning abilities of large artificial neural networks. Turing Award, an annual prize given by the Association for Computing Machinery (ACM) is recognized as the highest distinction in computer science and is often referred to as the “Nobel Prize of computing”. The first recipient of the award, in 1966, was Alan Perlis.
4. World Theatre Day is observed annually on March 27 with an aim to generate awareness about the importance of theatre arts, how they played an important role in the field of entertainment and the changes that theatre brings in the life. World Theatre Day was initiated by the International Theatre Institute in 1962. International Theatre Institute is the world’s largest performing arts organization founded in 1948 by theatre and dance experts and UNESCO.
5. The United States on March 27, 2019 circulated a draft resolution at the United Nations Security Council (UNSC) to blacklist Chief of Pakistan-based terrorist group Jaish-e-Mohammad (JeM), Masood Azhar. The resolution states that Azhar will be added to the UN Al-Qaeda and Islamic State Sanctions blacklist. It would lead to global travel ban, an assets freeze and an arms ban for Azhar.
6. India and the United States on March 27, 2019 signed an Inter-Governmental Agreement for Exchange of Country-by-Country (CbC) Reports between the countries to ensure that all tax authorities have access to the same information about an MNC’s value chain and the resulting tax consequences. This information enables an enhanced level of assessment of tax risk by both tax administrations.
7. The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the Memorandum of Understanding (MoU) between India and Indonesia on combating illicit trafficking in narcotic drugs, psychotropic substances and its precursors on March 27, 2019. Under the MoU, there is a provision of maintaining the secrecy of information and documents obtained in accordance with this MoU.

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