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Horse racing not animal cruelty: SC

  • The Supreme Court has ruled that horse racing per se is not animal cruelty.
  • It held that it is different from Jallikattu, which metes out specific methods of torture to bulls.
  • This observation was made by a Bench of Justices A.M. Khanwilkar and D.Y. Chandrachud on a petition challenging a Rajasthan High Court’s order banning tonga races in the State.

BRICS nations to share tax information automatically to eliminate tax evasion

  • The BRICS (Brazil, Russia, India, China and South Africa) countries have agreed  to  share tax information automatically as per their commitment to ensure the fairness of the international tax system. Decion in this regard was taken at the meeting of Heads of Revenue of BRICS Countries in Mumbai, Maharashtra

Bernard Cazeneuve named new French PM

  • French Interior Minister Bernard Cazeneuve was appointed the Prime Minister on Tuesday after PM Manuel Valls resigned to seek the Socialist Party’s ticket in 2017 presidential elections, officials said.

Justice JS Khehar will be the next Chief Justice of India

  • Chief Justice of India TS Thakur has recommended Supreme Court judge Justice Jagdish Singh Khehar as his successor after his retirement on January 3, 2017. Justice Khehar, who will be India’s 44th Chief Justice, will hold the office until August 27, 2017.

Banks will bear losses in case of online security breach: RBI

  • The Reserve Bank of India (RBI) has clarified that banks will have to bear the full losses in the event of any security breach or compromise in the authorised card network. Banks issuing the cards will offer the ‘payment authentication solutions’ of the respective card networks on an optional basis to their customers.