Category: 9 PM Daily Articles

Source – The Indian Express Syllabus – GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Context – ‘Unlocking’ and ‘Revival package from the government’ are the two basic factors that will determine the course of India’s economy for the rest of the year. Impact of COVID-19 on GDP GDP… Continue reading COVID – 19 and India’s road to economic revival

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

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

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