Tax Residency Certificate (TRC)
- Section [90 A (4)] intends to say is, if you produce a TRC that is a complete answer to your status as a resident. But whether you are the beneficial owner is a separate issue.
- The TRC certifies that you are a resident. It does not certify you are a beneficial owner.
Indian Depository Receipt(IDR)
- IDRs are generally instruments denominated in rupees created by a Domestic Depository (custodian of securities registered with the Securities and Exchange Board of India) nd allow overseas companies to raise funds from the Indian market.
- So far only the UK-based banking major Standard Chartered PLC was listed as an IDR.
Operation Red Spider
- Operation Red Spider is a sting operation of an online magazine, Cobrapost in which it released hidden video footage showing high ranking officials and some employees of top three Indian banks(ICICI , HDFC , AXIS)suggesting to an undercover reporter methods to launder money and offering safe deposit lockers to stash away the black money and offered to open accounts without adhering to Reserve Bank of India guidelines and use ‘benami’ accounts to facilitate the conversion of the black money and keep the identity of the depositor a secret.
- The editor of Cobrapost.com Mr. Aniruddha Bahal his brought these video footage into the public domain on March 14, 2013.
Jhum/Jhoom Cultivation
- Tribal groups in the northeastern states of India like Arunachal Pradesh, Meghalaya, Mizoram and Nagaland, and also in the districts of Bangladesh like Khagrachari and Sylhet refer to slash and burn agriculture as "Jhum" or "Jhoom cultivation".
- This system involves clearing a piece of land by setting fire or clear felling and using the area for growing crops of agricultural importance such as upland rice, vegetables or fruits. After a few cycles, the land loses fertility and a new area is chosen.
- It is typically part of shifting cultivation agriculture.
- Shifting cultivation is an agricultural system in which plots of land are cultivated temporarily, then abandoned.In shifting agriculture a plot of land is cleared and cultivated for a short period of time; then it is abandoned and allowed to revert to its natural vegetation while the cultivator moves on to another plot.
- Slash-and-char is an alternative to slash-and-burn that has a lesser effect on the environment. It is the practice of charring the biomass resulting from the slashing, instead of burning it as in the slash-and-burn practice.
Copyright Bill 2013
- The Copyright Rules, 2013 provide new rules for statutory licence for cover versions and broadcasting of literary and musical works and sound recording; compulsory licences for works withheld from public, unpublished and published works, for benefit of disabled; registration of Copyright Societies and Performer’s Right Societies; storage of transient or incidental copies of woks; making or adapting the work by organisations working for the benefit of persons with disabilities; importation of infringing copies and technological protection measures.
- The minimum fee has been increased for registration from Rs. 50/- per work to Rs. 500/- per work and the maximum fee has been increased from Rs. 600/- per work to Rs. 5,000/-.
