News in School Assembly | News Headlines for January 03

National News.

1. Former NITI Aayog Vice chairman Arvind Pangaria become the chirman of 16th Finance Commision.

- Former NITI Aayog Vice Chairman Arvind Pangaria has been appointed as the chairman of 16th Finance Commission.

- Finance commision, a constitutional body is mentioned under Article 280 of the Indian Constitution. And he will submit its report on October 31, 2025.

- He will be the 16th Finance Commission for 2026-27 to 20230-31.

- The finance commission plays a very important role in Centre- State Financial relations.

2. Centre lists Goldy Brar as terrorist under UAPA act. 1967.

- The centre on Monday listed Canada- based Babbar Kkhalsa International (BKI) operative and gangester Satwinder Singh alias Goldy Barar as terrorist under UAPA act 1967.

International News.

1. India and Pakistan exchange lists of prisioners, and lists of nuclear installations and facilities.

- The customary exchange of lists of prisioners and fishermen between India and Pakistan on the fist day of the new year took every year since 1991.

2. Earthquake jolts Japan on New Year's Day.

- The 7.5 magnitude quake struck the Nota region of the main central island of Honshu island.

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