NATIONAL NEWS
1.Prime Minister Narendra Modi inaugurated and commissioned development projects of Rs. 12 thousand crores in Leh in Ladakh:-
Prime Minister Narendra Modi inaugurated and laid foundation stone of several thousand crore development projects in Jammu and Leh today. He laid the foundation stone of the terminal building at Leh Airport at a cost of Rs.480 crore.
Shri Modi laid the foundation stone of All India Institute of Medical Sciences- AIIMS in Vijaypur. He also laid foundation stones of six hundred 24 MW capacity hydroelectric project and eight hundred 50 MW capacity night hydroelectric project in Kishtwar. The Prime Minister also laid the foundation stone for the protection of Devika and Tavi rivers in the two-lane bridge over Chenab river in Akhnur and the National River Conservation Plan. Shri Modi laid the foundation stone of the northern area of the Indian Institute of Mass Communication in Jammu. He also inaugurated an engineering institute at Janglote in Kathua.
While addressing a gathering in Vijaypur, Jammu, Mr. Modi said that thousands of youth will get employment from new power projects in this area. He said that AIIMS would provide better treatment facilities in this area. The Prime Minister said that considering the atrocities on minorities in Pakistan , Bangladesh and Afghanistan, the Citizenship Amendment Bill has been brought here.
Earlier, Prime Minister Leh , inaugurated the hydroelectric project of nine MW Dah near Datang village. The Prime Minister also dedicated the transmission system to connect the Srinagar-Alusteng-Dras-Kargil-Leh with a capacity of 200 km². Mr. Modi also started the University of Ladakh. This is the state’s first university in Ladakh. Degree colleges of Leh , Kargil , Nubra , Janskar , Drass and Khalsi will be under this university.
Shri Modi also inaugurated new tourism and trekking routes in Ladakh. On this occasion, the Prime Minister said that for the welfare of the farmers, the benefits of the Prime Minister Kisan Adhash Nidha declared in the budget will also be given to farmers of Leh-Ladakh. He said that farmers having less than five acres of land would be deposited directly in their bank accounts every year.
2.President Ramnath Kovind to inaugurate Rashtrapati Bhawan’s Annual Garden Festival on Monday:-
President Ramnath Kovind to inaugurate Rashtrapati Bhawan’s annual festival The Mughal Gardens will be open for the common people from 6 February to 10 March, from 9 am to 4 pm. Spiritual gardens , herbs and bonsai and musical gardens will be the main centers of attraction. Entry and exit gate no. Of Rashtrapati Bhavan Complex 35 will be there. In addition to tulips and exotic flowers this year, the bulbous flower garden festival will be the main attraction.
CJI Ranjan Gogoi inaugurates Andhra Pradesh High Court new building at Amaravathy
The Andhra Pradesh High Court new building at Amaravathy, was inaugurated today by the Chief Justice of India, Ranjan Gogoi. It’s after functioning from Andhra Pradesh Chief Minister’s Camp Office for over a month’s time, the AP High Court today moved to a new building at Amaravathy on a temporary basis.
The two-storied building is located at Nelapadu in Amaravati region has 16 court halls and the building costing Rs 150 Crore houses a 2.70 lakh square feet office space. Thus, Andhra Pradesh is getting its own court four and half years after the state bifurcation.
While addressing the gathering after inauguration of the AP High Court Complex at Amaravathy,, the Chief Justice of India, Ranjan Gogoi stressed the need for the new role of the judiciary, the role of the Bar Council and the challenges being faced by the Indian judiciary.
The Chief Justice Ranjan Gogoi also laid the foundation stone for the permanent High Court building at Amaravathy. AP CM N. Chandrababu Naidu and Supreme Court and High Court Judges also took part in the event.
SPORTS NEWS
3.Mandhana became number one batsman in ODI ranking:-
Star opener Smriti Mandhana has become the world’s number one female batsman in ODI cricket. In the latest ICC rankings released on Saturday, Mandhana made a three-point jump. He left behind Australian batsman Alice Perry. Peri second and his compatriot Meg Lanning are in third place. New Zealand captain Amy Satterweight reached the fourth position with a jump of 10 places.
Mandhana has done spectacular batting in the three ODIs against New Zealand. He scored a century in the first ODI and scored an unbeaten half-century in the second match. Not only that , he has made two centuries and eight half-centuries in the last 15 ODIs since the beginning of 2018 .
Mithali Raj, who won the ODI series for the first time in New Zealand, is at number five. Although they have a loss of one place. At the same time , the team’s young opener Jemima Rodriguez has made a long jump. Jemima , who scored an unbeaten 81 in the first ODI, has reached 64 from 61 to number one.
BUSINESS NEWS
4.Department of Posts will soon set up an insurance company:-
The postal department will soon establish an insurance company. This company will do business in two schemes – Postal Life Insurance and Rural Postal Life Insurance. Union Minister of State for Communications Manoj Sinha told in Prayagraj that the proposal for this effect is under the cabinet’s consideration. Our department has been working in Postal Life Insurance and Rural Postal Life Insurance , also in the area of insurance. The lowest premium is ours and most give us bonuses. Have taken a proposal in front of the cabinet. I hope that they will accept the proposal in the next 10-15 days. Later, by completing Full Falesar an insurance company , Life Insurance, like LIC, will be a separate insurance company of the Postal Department of the Government of India.
5.Income tax slab 2019-20: You should know these five things about changes in the interim budget:-
The middle classes, especially the taxpayers, around the budget session are always expected to make some changes in the income tax rules. This time too there have been some changes in income tax rules (income tax slab 2019-20), but there is still a lot of confusion among many people. In the interim budget presented for the financial year 2019-20, Finance Minister Piyush Goyal has given a big relief to the middle class (especially the employer) to give relief. Being an interim budget, the finance minister has offered to abstain from presenting the full budget.
However, in this interim budget, the government has tried to give a lot of relief to the middle class, so that the burden on tax payers is low. Relieving the salaried class, the Finance Minister has given a lot of relief to small traders, poor farmers and pensioners.
These five things you should know about income tax slab 2019-20:
A.The most notable thing is that the Finance Minister has not made any change in the income tax slab for any citizen. Yet the finance minister has exempted income of up to Rs 5 lakhs. All income tax rates have been kept unchanged.
B.Apart from this, the annual income upto Rs 6.50 lakh has been kept under the ambit of tax exemption provided that such people have got public provident fund (PPF), Equity Linked Savings Scheme (ELSS), National Savings Certificate (NSC) under Section 80C of Income Tax, And insurance scheme etc. Under this, there is a provision for tax relief of up to 1.5 lakh rupees.
C.At the same time, the taxpayer can claim tax rebate on the interest of the home loan and up to Rs 2 lakh on medical loan and education expenditure on Education Loan, National Pension Scheme Contribution, Medical Insurance and Senior Citizen.
D.At the same time, Piyush Goyal has increased the standard deduction in its interim budget to Rs 40,000-50,000. That is, employers can claim standard deduction of Rs 50,000 in their taxable income.
E.Apart from this, the Finance Minister has given great relief to the Second Self Occupied Home too. Now if you have two houses then the government will consider both as your self occupy house, before it was believed that you have rented a house on which you had to pay tax.
