Major News and Events of 09 May 2017

As per reports, Justice CS Karnan of the Calcutta High Court will be taken into custody, wherein he will be spending six months in jail. Supreme Court sentenced him six months of jail on charges of contempt of court.

Suo motu contempt proceedings against Justice Karnan were initiated by seven judges including the CJI after Karnan named 20 ‘corrupt’ judges and demanded a probe against them.

As per reports, Finance Minister Arun Jaitley mentioned that there is no plan of the government to tax agricultural income. He said that numbers of rich farmers are very less.

The Finance Minister further said that the farm sector is already in distress, hence, there is no point taxing agricultural income.