Source: Business Standard Relevance: GST is a comprehensive indirect tax(IDT) that comprises a majority of India’s IDT. Synopsis: The GST is still a work in progress. Hopefully, the GST Council will rediscover the spirit of cooperative federalism and move forward. Improvements after the GST: Due to the introduction of GST, Voluntary tax compliance increased, tracking… Continue reading Despite so many feats, GST still a work in progress
Category: 9 PM Daily Articles
The problem now with the military synergy plan
Source: The Hindu Relevance: Establishment of theatre commend is one of the foremost aims of top leadership of security forces. Synopsis: There is need to address the structural gaps before the creation of theatre commands. Background: The Indian military continues to work in silos. Thus, Prime Minister issued directions to bring about jointness among forces. First… Continue reading The problem now with the military synergy plan
Rural Economy Recovery
Source: Indian Express Relevance: Synopsis: The government has changed its fiscal strategy. It went all out last year to shield the rural economy and households by way of free food, free gas, front-loading PM-Kisan payments, increasing MGNREGA allocation, moratoriums etc. Background: A large part of the resilience of the rural economy last year stemmed from… Continue reading Rural Economy Recovery
Bharat-Net fails to enter fast lane – Both phases staring at delay amid COVID
Source- The Indian Express Relevance: Bharat-Net project is very important for digitisation of rural India Synopsis – The Union cabinet revised the Bharat-Net implementation strategy to speed up the rollout of high-speed optical fiber-enabled broadband. Introduction- The Bharatnet project was meant to cover all 2.5 lakh gram panchayats [GM] with high-speed optical fiber-enabled broadband. It… Continue reading Bharat-Net fails to enter fast lane – Both phases staring at delay amid COVID
India’s OECD tax deal may have revenue implications, say experts
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
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
