Daily Current Affairs MCQs: 2026-01-19 with solutions - Bank Exams Attempt

The Supreme Court ruled that Tiger Global's $1.6 billion stake sale in Flipkart is subject to taxation, emphasizing that the transaction did not qualify for the tax benefits under the India-Mauritius Double Taxation Avoidance Agreement. This decision illustrates the court's focus on the necessity for genuine economic activity in treaty jurisdictions to receive tax advantages. This ruling could significantly impact how foreign investments are structured in India, prompting investors to reassess their strategies.

Section 17A of the Prevention of Corruption Act, 1988 mandates that prior government sanction is required to investigate public servants for actions taken in their official capacity. This section has been criticized for potentially hindering corruption investigations as it may create barriers to accountability. The divided opinions of Justices Nagarathna and Viswanathan on its constitutionality highlight the ongoing debate about balancing government oversight and anti-corruption efforts.

The return of the Piprawaha relics holds great significance for India's cultural heritage as it enhances public engagement with museums and positions India as a key destination for global Buddhist pilgrimage. These relics, which are associated with the historical Buddha, are not just artifacts but also symbols of cultural and spiritual heritage that can foster a deeper understanding and appreciation of Buddhism's historical context.

Despite becoming the world's largest rice producer, India faces significant challenges such as environmental concerns and water scarcity associated with paddy cultivation. Rice is an extremely water-intensive crop, which contributes to groundwater depletion in several regions, particularly Punjab. The government is promoting crop diversification to address these sustainability issues and enhance nutritional security.

The primary objective of the proposed Board of Peace for Gaza is to provide governance and stability in the region while overseeing transitional governance and reconstruction efforts. This initiative reflects a shift towards a new governance framework that aims to manage conflicts and implement a temporary Palestinian administration, raising questions about the role of traditional multilateral institutions like the UN.

The Central Vigilance Commission (CVC) primarily aims to combat corruption and promote integrity within the Central Government. Established in 1964, it has evolved into a crucial statutory authority responsible for overseeing corruption investigations and advising the government on vigilance matters. The CVC plays a vital role in ensuring accountability among public servants and protecting public interest.

The Supreme Court's ruling regarding the India-Mauritius tax treaty leads to increased scrutiny of offshore investment structures, particularly those established before 2017. By emphasizing the need for genuine economic activity in treaty jurisdictions, the ruling may compel foreign investors to reassess their investment and exit strategies in India, potentially reshaping the investment landscape.

Section 17A of the Prevention of Corruption Act requires prior government sanction for investigations into public servants, which can deter investigative actions against corrupt officials. The controversial nature of this provision has led to debates about its constitutionality and effectiveness in facilitating accountability, with some arguing that it creates a protective barrier for corrupt practices.

The implications of India's current rice stock levels exceeding food security requirements raise concerns about sustainability and the management of surplus rice. High stock levels can lead to wastage and necessitate government interventions such as open market sales or conversion of rice for ethanol production. Addressing this excess is critical for ensuring that agricultural practices remain sustainable and do not compromise future food security.

The Supreme Court's ruling on child trafficking underscores the need for a multi-faceted strategy to effectively combat trafficking in India. Despite existing legal frameworks, the low conviction rates and challenges in enforcement reveal the necessity for comprehensive approaches that not only enhance legal measures but also address socio-economic vulnerabilities and improve rehabilitation mechanisms for victims.