Pakistan adopts landmark Hindu marriage bill

In a historic move, Pakistan's parliament on September 26, 2016 passed the much-delayed bill to enable the country's minority Hindu community to register their marriages

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The world's earliest known complete stone inscription of Ten Commandments was sold at an auction in Beverly Hills, California for $ 850000. Weighing 200 pounds, the 2-foot-square marble tablet, designated as Israel's 'national treasure' was one among many Biblical artifacts owned by the Living Torah Museum in Brooklyn that went up for auction. The opening bid on the piece was S 300000.
The Union Cabinet approved a budgetary support of 719 crore to Hindustan Machine Tools Limited (HMT) on October 27, 2016 for payment of outstanding salaries and other employee-related dues. The Cabinet also approved a 500 crore package for horticulture farmers, especially apple growers in Jammu and Kashmir
Sun Pharma, the largest drug firm of India has entered into an agreement with Russian pharma company JSC Biosintez to acquire 85.1% equity stake in the Russian firm for $ 60 million. This acquisition will enable the Drug Major to use local manufacturing capability to serve the Russia pharmaceutical market more effectively.
HDFC Bank's Aditya Puri has been ranked 36th in US magazine Fortune's top 50 business persons list for 2016, and is the only Indian among three others of Indian origin in the global rankings. He has led the country's second-largest private sector lender since its inception in 1994. Facebook's CEO and founder Mark Zuckerburg tops the list.

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A new Initiative by the Income Tax Department

The Income Tax department in India is bringing out an initiative called 'Project Insight' and planning to implement the first phase of 'Project Insight' from May, 2017 to stop the flow of black money. The 'Project Insight' will be implemented in phased manner during the period 2016-18.
For its implementation, the IT department has signed a contract with L&T Infotech Limited. It will also be leveraged for implementation of .Foreign Account Tax Compliance Act Inter Governmental Agreement (FATCA IGA) and Common Reporting Standard (CRS).
Salient Features
•Project Insight will use data mining, big data and analytics to scoop out tax evaders from social media platforms like Facebook, Twitter and Instagram.
•It will bring an effective and new age way with a view to widening and deepening tax base as with the help of information from social media, online raids will be possible.
•The Permanent Account Number (PAN) will be the unique identifier is used by the Income Tax department to link and analyse various transactions relating to the tax payers.
•This will enhance the department's ability to monitor the flow of funds and will provide an audit trail of high value transactions and curb circulation of black money.

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