Author: ForumIAS

TRAI pitches for lower GST Context The Telecom Regulatory Authority of India has pitched for a reduction in the GST rate for telecom services. Details TRAI has asked the Department of Telecom (DoT) to approach the Finance Ministry with two issues: Reduction in GST rate to 5%cent from the current 18% Treating telecom as core… Continue reading TRAI pitches for lower GST

How will the Centre ensure States’ finances are not hurt? Context Right from its initiation, it was perceived that implementation of the Goods and Services Tax will not go in favor of States in terms of finance Reaching at a consensus with regard to the compensation the Centre would have to pay States for any… Continue reading How will the Centre ensure States’ finances are not hurt?

Prelims Related News By Jupiter! NASA’s new revelation: Context NASA’s Earth-bound Gemini North telescope has beamed back a stunning image of Jupiter showing haze particles over a range of altitudes. What has happened? As the Juno spacecraft orbits Jupiter, the Gemini telescope is providing high-resolution images to help guide its exploration of the giant planet.… Continue reading Prelims Related News

Aerosols ‘shrinking’ India’s monsoon: Context: Researchers have come to the conclusion that aerosols may be weakening the Indian monsoon even more than greenhouse gases. Details: A team led by climatologist R. Krishnan of the Indian Institute of Tropical Meteorology, Pune, has come up to the conclusion that aerosols affect the strength of the Indian monsoon. The… Continue reading Aerosols ‘shrinking’ India’s monsoon:

In a new regime: Context Sections of the Opposition are critical of the GST and have boycotted the Joint Session of Parliament that formally began the GST regime Efficient Implementation of GST will require coming together of all stakeholders Government’s Assurance The government has assured that procedural lapses in the first two months of the new… Continue reading In a new regime:

Integration of oil & gas majors is best avoided: Context In the recent budget, the idea of an integrated oil and gas sector was rediscussed Background The idea first made its appearance during Atal Bihari Vajpayee’s government in 1998. The proposal was then rejected for encouraging a monopolistic scenario in distribution of essential goods like… Continue reading Integration of oil & gas majors is best avoided:

Steel sector bullish on GST, exporters worry: Context GST has been recently launched. What is its effect across different industries is a much discussed issue now. GST and Various Sectors Following the implementation of the GST, the hospitality and travel sectors expect teething issues in the first few months but are not unduly worried, expecting… Continue reading Steel sector bullish on GST, exporters worry:

GST positive for India’s credit profile: Context Lot of discussion is going around the launch of GST and its corresponding impact on various sectors. It is being identified that the new tax regime- GST will have positive impact on India’s credit profile. Why? The Goods and Services Tax (GST) regime will be positive for India’s… Continue reading GST positive for India’s credit profile:

Furore over ‘de-registering with a stroke of a pen’: Context 48 hours before launch of GST, one lakh companies lost registration for post-demonetization lapses. Registrar of Companies (RoC) has removed these one lakh companies. Two lakh other registered companies are under the scanner for involvement in what looked like dubious transactions in the aftermath of… Continue reading Furore over ‘de-registering with a stroke of a pen’:

Climate-proofed and inclusive: Context: Policy-makers in India and other developing countries face a big problem to address poverty and climate change together. Dimensions of Poverty Poverty is multi-dimensional. People living in poverty in various parts of the world share multiple conditions and life circumstances that have been measured and studied as a proxy to assessing… Continue reading Climate-proofed and inclusive: