Source: Business Standard Relevance: The issue justifies a case of modernization of the military by itself. Synopsis: The threat of a two-front war creates an urgent situation to modernize the military which requires enhancement of the defence budget. The additional revenue can be generated by levying a military modernization cess, leasing military lands, or… Continue reading Military should fund its own modernisation
Category: 9 PM Daily Articles
Global Minimum Corporate Tax Rate framework deal
Source: TOI, The HinduBusinessline What is the news? In a historic agreement, announced in Paris under the aegis of OECD, 130 countries (out of the 139 involved in talks), including India, have endorsed the OECD/G20 Inclusive Framework Tax Deal. It would be the most sweeping change in the international taxation in a century. This is… Continue reading Global Minimum Corporate Tax Rate framework deal
‘GNPA ratio may rise up to 11.2% in FY22’
Sources: The Hindu, The Business Standard (Article 1, Article 2) Syllabus: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Relevance: The problem of NPA is still impacting the Indian economy and the recent Financial Stability Report also highlights it. About the news: The Reserve Bank of India (RBI) recently… Continue reading ‘GNPA ratio may rise up to 11.2% in FY22’
Explained: Facing up to the drone challenge
Source: Indian Express1 Indian Express1 Relevance: How is India placed in drone technology and offensive measures to counter-drone attacks in the future? Synopsis: Recent attacks on air force base in Jammu should force the Indian security establishment to speed up its drone and anti-drone tech development. Challenges involved, and the current scenario. Background Last week,… Continue reading Explained: Facing up to the drone challenge
Rule of Law vs Rule by Law
Source: Indian Express Relevance: Points can be used in the essay paper and in your answers for GS Mains. Synopsis: Chief Justice of India (CJI)’s views on what is meant by the term ‘law’ and how safeguarding constitutionalism is a shared responsibility. What is meant by ‘law’? Law, in most general sense, is a tool… Continue reading Rule of Law vs Rule by Law
Compassion & caution
Source: Indian Express Relevance: Recently, SC directed the government to release compensation for victims of Covid-19. Synopsis: Why the Supreme Courts’ directive to provide Exgratia compensation to the families of those who have lost their lives during the Pandemic is not a rational idea. Background Recently, the Supreme Court directed the National Disaster Management Authority… Continue reading Compassion & caution
Why a grassroots mass movement is necessary to fight dowry
Source: Indian Express Relevance: Dowry practice is still prevalent in Indian Society, despite taking different measures. Synopsis: Country needs a multipronged approach to tackle the inhuman practice of dowry. Mere enactment of a legislative framework or enhancement of literacy levels is not enough to control this problem. Background: Last week, a young woman named… Continue reading Why a grassroots mass movement is necessary to fight dowry
Envisioning the post-pandemic smart city
Source: The Hindu Relevance: Smart cities project requires rethinking after the Covid pandemic. Synopsis: The pandemic has come as a remarkable opportunity to review the pathway for ‘smart cities’, and also other towns not on the map. Further, cities should avoid expensive technological solutions and frame their plans in an inclusive and sustainable manner. Background:… Continue reading Envisioning the post-pandemic smart city
All WHO-approved jabs must be recognised for travel: UN
Source: The Hindu Relevance: Vaccination is essential for global economic recovery. The World Health Organization recently said that any COVID-19 vaccine it has authorised for emergency use should be recognised by countries as they open up their borders to inoculated travelers. The move could force Western countries to broaden their acceptance of two apparently less… Continue reading All WHO-approved jabs must be recognised for travel: UN
A widening current account deficit is both good news and bad
Source: Live Mint Relevance: Some signs like CAD signifies economic recovery Synopsis: current account deficit (CAD) of India is widening. It is a piece of mixed news for India. India’s current account deficit (CAD) has widened. As per the latest data, it is around 1% of gross domestic product (GDP). It is a relief for… Continue reading A widening current account deficit is both good news and bad
