Test: Weekly Current Affairs: October 6th to October 12th - Humanities/Arts MCQ

The CGTP's main objective is to enhance tax certainty for foreign investors, addressing challenges related to Permanent Establishment (PE) and profit attribution to attract more Foreign Direct Investment (FDI). This initiative is part of India’s broader Vision 2047 goals aimed at economic growth.

The NHAI has launched QR code-enabled Project Information Sign Boards that allow commuters to scan codes for information regarding highway projects, enhancing transparency and safety. This initiative helps travelers access critical details about their routes and nearby facilities.

The Indian delegation at the conference is led by Lok Sabha Speaker Shri Om Birla. This event focuses on parliamentary democracy and collaboration among Commonwealth nations, emphasizing the importance of democratic values and cooperation.

Prime Minister Modi introduced a series of youth-oriented schemes valued at over ₹62,000 crore aimed at enhancing education, skill development, and entrepreneurship in India. This initiative emphasizes the government's commitment to empowering the youth for economic growth.

The PM-SETU initiative focuses on upgrading ITIs to centers of excellence, providing advanced industrial education and practical training. This is essential for improving employability and aligning skills with market demands.

Tamil Nadu aims to develop its low-altitude economy by enhancing drone technology and advanced aerial mobility. This includes building infrastructure for drone operations, which supports economic growth in the aerospace and defense sectors.

The theme "Cotton 2040 – Technology, Climate & Competitiveness" was highlighted during World Cotton Day 2025. It reflects the industry's focus on integrating technology and sustainability to improve competitiveness in the global market.

The World Bank has raised India's economic growth forecast for FY26 to 6.5%, reflecting improved domestic conditions and the positive impact of recent GST reforms aimed at simplifying tax structures and boosting business activities.

The EES replaces traditional passport stamping with an electronic method that collects biometric data for efficient tracking of non-EU travelers. This system enhances security and streamlines border management processes.

The initiative includes converting agricultural waste, such as stubble from crop harvests, into biofuels. This not only addresses pollution from stubble burning but also provides farmers with an additional source of income.

The workshop titled "Leveraging Technology – Enhancing Democracy through Digital Transformations" emphasizes the role of digital tools in governance, highlighting the importance of technology in improving democratic processes.

The Kasturi Cotton Bharat Initiative aims to position Indian cotton as a global symbol of purity and sustainability, aligning with efforts to enhance the competitiveness of the cotton sector while improving farmer welfare.

The proposed tax reforms are expected to significantly reduce tax litigation and compliance burdens, thereby boosting investor confidence in India’s tax framework, which is crucial for attracting foreign direct investment.

Tamil Nadu has established India’s first common drone testing center at SIPCOT Vallam Vadagal, which is pivotal for fostering innovation and collaboration in the low-altitude economy sector.

The imposition of U.S. tariffs on Indian exports is expected to diminish India's export competitiveness, which impacts the overall growth forecast for the economy. This highlights the importance of diversifying export markets.

The PM-SETU initiative aims to upgrade Industrial Training Institutes (ITIs) to centers of excellence, enhancing the quality of technical education and aligning it with industry needs to improve employability.

The EES enhances security by collecting biometric data, including fingerprints and facial scans, from travelers upon their initial entry into the Schengen Area, which helps in monitoring compliance with stay regulations.

The emergency helpline number 1033 is prominently displayed to enable swift access to emergency services, thereby enhancing road safety and providing immediate support to commuters in distress.

A primary goal of the proposed reforms is to ensure transparency and predictability in tax laws, which is essential for attracting foreign investment and fostering an environment conducive to business growth.

The ability to conduct rapid battery exchanges at the station is expected to significantly enhance operational efficiency for electric trucks, minimizing downtime and supporting the logistics sector's transition to cleaner energy solutions.

The GST reforms are designed to simplify tax structures and ease compliance, which has significantly boosted business activities and promoted formalization in the economy, contributing to consumption-led growth.

"Permanent Establishment" (PE) refers to a fixed place of business through which a foreign enterprise conducts its operations in a country. Clear legislative guidelines on PE are essential for determining tax obligations and ensuring fair taxation of foreign investments.

One of the key proposals is to introduce an optional, industry-specific Presumptive Taxation Scheme for foreign companies, which aims to simplify tax compliance and enhance predictability in tax obligations for investors.

The development of the low-altitude economy is expected to lead to innovations in advanced aerial mobility solutions, positioning Tamil Nadu as a leader in this emerging sector by leveraging its aerospace and defense capabilities.

The QR code-enabled sign boards provide real-time updates on essential facilities like hospitals, petrol stations, and restrooms, significantly improving the overall commuter experience by facilitating better trip planning and ensuring quick access to necessary information.