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Daily Current Affairs – 2020
Topic: For Prelims and Mains
Eklavya Model Residential Schools (EMRSs)
Why in news?
The Ministry of Tribal Affairs provides financial assistance for upgradation/ modernisation of already sanctioned Eklavya Model Residential Schools (EMRSs).
Eklavya Model Residential Schools (EMRSs):
Eklavya Model Residential School Scheme is an initiative to provide quality middle and high level (class 6th to 12th) education to Scheduled Tribe (ST) students in remote areas.
Itwas started in 1998 and the first school was started in the year 2000 in Maharashtra.
EMRSs have been functioning as institutions of excellence for tribal students.
EMRS are set up in States/UTs with grants under Article 275(1) of the Constitution of India.
The scheme is being implemented by the Ministry of Tribal Affairs, Government of India.
The schools focus not only on academic education but on the all-round development of the students.
Objectives of EMRS:
Comprehensive physical, mental and socially relevant development of all students enrolled in each and every EMRS.
Focus differentially on the educational support to be made available to those in Standards XI and XII and those in standards VI to X, so that their distinctive needs can be met.
Support the annual running expenses in a manner that offers reasonable remuneration to the staff and upkeep of the facilities.
Support the construction of infrastructure that provides education, physical environmental and cultural needs of student life.
Taxation Laws (Amendment) Bill, 2019
Why in news?
Lok Sabha passes Bill to effect corporate tax reduction.
Taxation Laws (Amendment) Bill, 2019:
Taxation Laws (Amendment) Bill, 2019, will amend the Income Tax Act 1961 and the Finance Act 2019.
The main aim of the bill is to promote growth and investment in domestic manufacturing sector.
The bill provides an option for the domestic companies to pay taxes at the rate of 22%.
This can be availed only if the companies are not claiming deductions under the Income Tax act.
The Bill provides that a domestic manufacturing company set up on or after October 1, 2019, and which commences manufacturing by March 31, 2023, may opt to pay tax at 15 per cent plus surcharge at 10 per cent and cess at 4 per cent if it does not claim any deduction.
The companies opting for the new tax rates need not pay Minimum Alternate Taxes (MAT).
Facts for Prelims
A tiger corridor is a stretch of land linking tiger habitats, allowing movement of tigers, prey and other wildlife.
Without corridors tiger habitat can become fragmented and tiger populations isolated leaving the tigers vulnerable to localised extinction.
The corridors are operated under Tiger Conservation Plan.
The plan is protected and implemented under section 38V of the Wildlife(Protection) act, 1972.