Wednesday Evening News Brief, March 29

Wednesday evening brief Mar 29 2017
Good evening!
Here’s everything that transpired during the course of the day…
Britain launched the process to leave the European Union, saying there was “no turning back”. Nine months after the shock referendum vote for Brexit, Britain triggered Article 50 of the EU’s Lisbon Treaty, starting the two-year countdown to leaving the bloc. “We already miss you,” said EU President Donald Tusk in Brussels.
The Supreme Court banned sale of BS-III vehicles from April 1. A bench of justices Madan B Lokur and Deepak Gupta said that health of millions of citizens was more important that commercial interests of manufacturers and directed the government not to allow registration of polluting BS III vehicles after March 31, when BS IV emission norms would come in force.
Australian media called Indian captain Virat Kohli “classless” for saying he is no longer friends with Australian players. “Virat Kohli had to shake hands and move on after series win but he acted like a child,” read a headline in Sydney’s Daily Telegraph, which also called Kohli an “egomaniac”.
A simpler income tax form for salaried individuals will be introduced from April 1. Individuals will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called ‘Sahaj’. Currently, the ITR 1/Sahaj has 18 different columns for claiming deductions under Section 80 of the Income Tax Act.
Finance minister Arun Jaitley said if firewalls can be breached, hacking can take place anywhere. Saying that Aadhaar should not be blamed for hacking, Jaitley said, “The Pentagon got hacked even without the Aadhaar. So the hacking doesn’t happen because of Aadhaar.” He was addressing to Chidambaram’s concerns over privacy of transactions once transactions are linked to Aadhaar.
Copyright @ 2017 Bennett, Coleman & Co. Ltd.

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