1. On Monday, 14 January 2013, giving a big relief to overseas investors, the government has postponed implementation of controversial GAAR provisions by two years to April 1, 2016. The General Anti Avoidance Rules (GAAR) provisions, introduced by the then Finance Minister Pranab Mukherjee in the Budget 2012-13, were aimed at checking tax avoidance by overseas investors. The proposal, however, generated controversy, with investors expressing apprehensions that it would result in unnecessary harassment by tax authorities. Which chapter of Income Tax Act deals with GAAR?
[Category: News Economy Policy Current Affairs][A] 7A
[B] 10A
[C] 12B
[D] 14A
2. The Supreme Court on Monday 14 Jan 2013 said that caste-based councils' diktat on dress code for women and asking them not to carry mobile is unlawful. A bench of justices Aftab Alam and Ranjana Prakash Desai said such diktates are against the fundamental right to life and asked those caste-based councils to file their replies on the issue. What is the name of the caste-based councils?
[Category: Indian Legal Current Affairs][A] Khap Panchayat
[B] Dhangar Scheduled tribe Panchyat
[C] Dar ul-Ulum
[D] Gurjar Mahasangh
3. Announced on Monday 14 Jan 2013, the first of its kind in the country, a centre of excellence specialising in reading space weather conditions to help air traffic on polar routes would come up by the middle of this year. Besides air traffic on polar routes, the centre would help in the functioning of GPS networks and mobile satellites placed in space. The centre, approved by the Union HRD ministry, would come up at the Indian Institute of Science, Education and Research (IISER) campus. The ministry has sanctioned Rs four crore for it. Where is it coming up?
[Category: Science and Technology Current Affairs][A] Hyderabad
[B] New Delhi
[C] Kolkata
[D] Shimla
4. Around 300 kitists from 40 countries and 10 Indian states gathered at riverfront on Sunday morning for the International Kite Festival in Ahmedabad organized by Gujarat tourism department. All the participants greeted the local visitors during their parade. Speaking at the inaugural function, chief minister Narendra Modi said that while kite flying was across the country, Gujarat has used it to promote tourism. The festival was organized on the banks of which river?
[Category: India Latest Current Affairs][A] Tapti
[B] Sukhbhadar
[C] Kankawati
[D] Sabarmati
5. Researchers at RMIT University have created "liquid metal marbles" - droplets of liquid metal coated in nanoparticles - in a world-first breakthrough that advances research into soft electronics and industrial sensing technologies. The research was published in the 14th January 2013 edition of the high-impact journal, Advanced Functional Materials. Lead investigator Dr Vijay Sivan said the "liquid metal marbles" - which have a highly conductive core and a coating of functional nanoparticles with highly controlled electronic properties - were developed as part of investigations into flexible conductive systems for electronic and electromagnetic units. In which country this breakthrough has come?
[Category: Science Current Affairs][A] USA
[B] Germany
[C] Australia
[D] UK
January 2013 Current Affairs Digest: 15 Jan 2013 Quiz
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