DAILY CURRENT AFFAIRS IAS | UPSC Prelims and Mains Exam – 28th November 2024
Archives (PRELIMS & MAINS Focus) PAN 2.0 Syllabus: Prelims – CURRENT EVENT Context: The Cabinet approved the PAN 2.0 Project of the Income Tax Department (ITD), with a cost of Rs 1,435 crore. Background: – The project aims to streamline and modernise the process of issuing and managing PAN and TAN, making it more user-friendly and efficient. Key takeaways PAN 2.0 Project is an e-Governance project of ITD for re-engineering the business processes of taxpayer registration services. Under the project, the existing PAN system will be upgraded completely, the IT backbone will be revamped and PAN will be made as a common business identifier for all digital systems of specified government agencies. How PAN 2.0 will be different from existing setup? Integration of Platforms: Currently, PAN-related services are spread across three different platforms: the e-Filing Portal, UTIITSL Portal, and Protean e-Gov Portal. With the implementation of PAN 2.0, all these services will be integrated into a single, unified portal. This one-stop platform will handle comprehensively issues/matters related to PAN and TAN, including application, updates, corrections, Aadhaar-PAN linking, re-issuance requests, and even online PAN validation. Comprehensive use of technology for paperless processes: Complete online paperless process as against prevailing mode Taxpayer facilitation: Allotment/updation/correction of PAN will be done free of cost and e-PAN will be sent to the registered mail id. For physical PAN card, the applicant has to make a request along with the prescribed fee About PAN and TAN A 10-digit alphanumeric number, PAN, enables the Income Tax Department to link all transactions of a person with the department. These transactions include tax payments, Tax Deducted at Source (TDS) / Tax Collected at Source (TCS) credits, returns of income, specified transactions. Once PAN is allotted, it remains the same forever. It is mandatory to quote PAN on filing of income tax return. TAN stands for Tax Deduction and Collection Account Number, which is a 10-digit alphanumeric number issued by the Income Tax Department. TAN needs to be obtained by all persons responsible for deducting or collecting tax at source.It is compulsory to quote TAN in TDS/TCS return, any TDS/TCS payment challan, TDS/TCS certificates. Source: PIB CYCLONE DEVELOPING IN BAY OF BENGAL, HEADING TOWARDS TAMIL NADU Syllabus: Prelims – GEOGRAPHY Context: India Meteorological Department (IMD) recently announced intensification of the existing deep depression into a cyclone and the chances of the storm hitting the Tamil Nadu coast. Background: – Flanked by the sea on three sides, India’s east and west coasts are affected by cyclones, annually. Key takeaways The storm will be identified as Fengal, a name proposed by Saudi Arabia. This is the second cyclone in the post-monsoon season to affect the Indian coast after Cyclone Dana, which crossed Odisha as a ‘severe’ category storm in late October. Climatologically, about five cyclones develop in the North Indian Ocean basin — comprising the Bay of Bengal and the Arabian Sea — each year. Of these, an average of four cyclones develop over the Bay of Bengal and one over the Arabian Sea. This basin is most prone to cyclone development during the pre-monsoon season (April – June) and post-monsoon season (October – December) months. About Tropical Cyclones A “Cyclonic Storm’ or a “Cyclone” is an intense vortex or a whirl in the atmosphere with very strong winds circulating around it in anti-clockwise direction in the Northern Hemisphere and in clockwise direction in the Southern Hemisphere. Tropical cyclones are those which develop in the regions between the Tropics of Capricorn and Cancer. They are the most devastating storms on Earth. Tropical cyclones are also referred to as ‘Hurricanes’ over Atlantic Ocean, ‘Typhoons’ over Pacific Ocean, ‘Willy-Willies’ over Australian Seas and simply as ‘Cyclones’ over north Indian Ocean (NIO). Structure: Eye: Calm, cloud-free center. Eye Wall: Region of strongest winds and rainfall around the eye. Rain Bands: Spiral bands of thunderstorms extending outward. Favourable Conditions for Formation Warm Ocean Waters: Sea surface temperatures >26.5°C provide the energy source. Coriolis Effect: Ensures rotation; absent at the equator. Low Wind Shear: Allows vertical development of storm clouds. Pre-existing Disturbance: Initial low-pressure zone. Cyclone Formation Process (Cyclogenesis): Warm ocean heats the air above, causing it to rise and create a low-pressure zone. Moist air from surrounding areas rushes in, rises, and condenses, releasing latent heat. The Coriolis effect initiates rotation, forming a spiraling system. The cyclone intensifies as it absorbs more heat and moisture. Source: Indian Express HIGH SEAS TREATY Syllabus: Prelims & Mains – ENVIRONMENT Context: India’s recent signing of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement — better known as the High Seas Treaty — has drawn both praise and scepticism from maritime observers Background: – So far, 105 countries have signed the treaty which is ratified by 14 countries. The High Seas treaty would come into force 120 days after at least 60 countries submit their formal ratification documents. About High Seas Treaty The high seas comprise 64 percent of the ocean surface and about 43 percent of the Earth. They belong to no one, and everyone enjoys equal rights for navigation, overflight, economic activities, scientific research, and the laying of infrastructure like undersea cables. As high seas are no one’s responsibility this has led to the overexploitation of resources, biodiversity loss, pollution, including dumping of plastics, ocean acidification, and many other problems. The High Seas Treaty has four main objectives: Demarcation of marine protected areas (MPAs), rather like there are protected forests or wildlife areas; Sustainable use of marine genetic resources and equitable sharing of benefits arising from them; Initiation of the practice of environmental impact assessments for all major activities in the oceans; and Capacity building and technology transfer. Marine-Protected Areas: MPAs are where ocean systems, including biodiversity, are under stress, either due to human activities or climate change. Activities in these areas will be highly regulated, and conservation efforts similar to what happens in forest or wildlife zones will be undertaken. Marine Genetic Resources: Oceanic life forms can be useful for humans in areas like drug development. Genetic information is already being extracted, and their benefits are being investigated. The treaty seeks to ensure that
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