Source- The Hindu Syllabus- GS 3- Government Budgeting Context- Differences of opinion have emerged between Centre and states at the 41st Goods and Service Tax [GST] Council meeting over compensation deficit. GST- Goods and Services Tax, is an indirect tax which has replaced many indirect taxes in India such as the excise duty, VAT, services tax, etc. GST is… Continue reading GST compensation Standoff
Category: 9 PM Daily Articles
To Rebuild and Recover from COVID-19
Source: Indian Express Syllabus: GS3: Mobilization of Resources, Growth, Development and Employment. Context: India needs to focus on rebuild and recover to achieve economic growth of 7-8 per cent. Need to address some traditional sore points: Pandemic impact: Indian economy is suffering due to the pandemic with declining growth and limited scope for a fiscal stimulus. Demand-supply issue: India’s… Continue reading To Rebuild and Recover from COVID-19
GST – Grand Bargain 2.0
Source– The Hindu Context– A Grand Bargain 2.0 between the center and the states is needed in longer run to tackle the issues related to GST compensation to the States. Value added tax [VAT] – An indirect value added tax which was introduced into Indian taxation system on April 1, 2005. VAT was introduced to make… Continue reading GST – Grand Bargain 2.0
Super Cyclone Amphan Is Set to Hit India and Bangladesh
Source: Click here News: Cyclone Amphan has intensified into a super cyclonic storm and is expected to make landfall between West Bengal and Bangladesh close to Sundarbans. Facts: Cyclone Amphan: Cyclone Amphan is a tropical cyclone formed over Bay of Bengal that has turned into a super cyclonic storm. The Cyclone Amphan is also the strongest… Continue reading Super Cyclone Amphan Is Set to Hit India and Bangladesh
