The 98 meters offshore patrol vessel has been designed and built indigenously by Larsen & Toubro Ship Building Ltd and is fitted with advanced technology Radars, Navigation and Communication Equipment, Sensor and Machinery capable of operating in tropical sea conditions. (Source: ZEE News)
Retrospective tax A retrospective tax is a tax imposed on a transaction or deal that was conducted in the past. It was introduced in a 2012 amendment to the Finance Act, which enabled imposition of retrospective tax on deals executed after 1962 involving transfer of shares in a foreign entity which had assets in India (Source: The Deccan Herald)
Jallianwala Bagh massacre The Jallianwala Bagh massacre, also known as the Amritsar massacre, took place on 13 April 1919. A large but peaceful crowd had gathered at the Jallianwala Bagh in Amritsar, Punjab to protest against the arrest of pro-Indian independence leaders Dr. Saifuddin Kitchlu and Dr. Satya Pal. (Source: Wikipedia)
My Pad My Right Union Finance Minister Nirmala Sitharaman launched the ‘My Pad My Right’ (MPMR) project. The project is an initiative of NABARD and its NAB Foundation to provide better livelihood and menstrual hygiene to women in rural areas through grants, wage support and capital equipment. (Source: The Indian Express)
Quote of the week There is no greatness where there is no simplicity, goodness and truth. – Count Lev Nikolayevich Tolstoy, usually referred to in English as Leo Tolstoy, was a Russian writer who is regarded as one of the greatest authors of all time.