Source: Business Standard Relevance: Equalisation Levy and Global minimum Tax rate aim to tax digital services at the global level. Synopsis: Agreeing to the Global minimum Tax rate will impact India’s Equalisation Levy and create revenue implications. About the Deal: India recently joined the OECD-G20 framework for a global minimum tax. But the deal will… Continue reading India’s OECD tax deal may have revenue implications, say experts
Category: 9 PM Daily Articles
SEBI’s new rules for Independent directors
Source: Indian Express Synopsis: The new rules for independent directors aim to ensure checks and balances. Background: The recent controversy over the issuance of preference shares by PNB Housing Finance has raised concerns over the role of independent directors in India. Such concerns over the independence of independent directors are not new. Questions have repeatedly… Continue reading SEBI’s new rules for Independent directors
India to divert excess waters under Indus treaty to irrigate own land
Source: Livemint What is the News? India is working on exercising its rights to stop excess water flowing to Pakistan under the Indus Waters Treaty of 1960 to irrigate its own lands. About Indus Water Treaty: The Indus Water Treaty,1960 is a water-distribution treaty between India and Pakistan with the World Bank also being a… Continue reading India to divert excess waters under Indus treaty to irrigate own land
Without Aadhaar, without identity
The Indian Express Relevance: Aadhaar number will help the residents to avail various services provided by banking, mobile phone connections and other Govt and Non-Govt services. Synopsis: Despite the large scale usage, the Aadhar system still has some inherent disadvantages. Disadvantages of Aadhar system: The problem is that the only record many people have of… Continue reading Without Aadhaar, without identity
World without narrow domestic walls
Source: Indian Express Relevance: This article depicts the main reasons behind increasing vaccine nationalism. Synopsis: The current world order operates under the principle of national sovereignty and national interest, as witnessed by emerging vaccine nationalism during the pandemic. Nonetheless, a better world can be created if the international order is redesigned around the concept… Continue reading World without narrow domestic walls
The heavy footprint of a light rail
Source: The Hindu Relevance: This article depicts the harmful impacts of rapid development of transportation system in India. Synopsis: The light rail project of Kerala government connecting Thirunvananthapuram and Kasargod would inflict severe environmental damage in the state. The government should look for alternative options like a sea ferry that can ensure seamless transportation and… Continue reading The heavy footprint of a light rail
How Chhattisgarh has stalled a historic judgment
Source: The Hindu Synopsis: The Salwa Judum judgment was delivered 10 years ago, but it has not been effectively implemented by the government. The tribals are still facing many hardships and there has been no prosecution of security forces for human rights violations. Background: The Supreme Court (SC) delivered a historic judgment on 5th July… Continue reading How Chhattisgarh has stalled a historic judgment
Brazen gaming of bankruptcy process on
Source – Business Standard Relevance – Resolution process under Insolvency and Bankruptcy Code is suffering from many problems. Streamlining this process if very important for Indian Economy. Synopsis: Public Sector Banks should be the focus area of the reforms in resolution process. otherwise hard-earned money of taxpayers will be wasted without anything in return. Introduction… Continue reading Brazen gaming of bankruptcy process on
India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
Source: The Hindu, Business Standard, Livemint What is the news? A day after joining the OECD-G20 framework for a global minimum tax, the Finance Ministry said significant issues including share of profit allocation and scope of subject-to-tax rules were yet to be addressed, and a ‘consensus agreement’ was expected by October. A majority of the… Continue reading India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
Ecological urbanism – Key to sustainable urbanization
Source: TOI Syllabus: GS1 – urbanization, GS3 – Environment Relevance: Importance of urban ecology to sustainable urbanization Synopsis: Achieving a sustainable model for urbanization needs to factor-in the urban ecology. Some new insights into the issue. Introduction Ecology and urbanism are two conflicting subjects because usually we see urbanization to be in conflict with urban… Continue reading Ecological urbanism – Key to sustainable urbanization
