Tax trauma: Context: Glitches in the GST regime are increasing the anxiety among Indian businesses Introduction: India’s biggest tax overhaul since Independence, the roll out of the goods and services tax is off to a less than desirable start. The GST Network, its online backbone, is struggling to keep pace with the millions of invoices… Continue reading Tax trauma:
Author: ForumIAS
Centre to hasten GST refunds:
Centre to hasten GST refunds: Context The Centre on Friday termed as “wild estimates,” exporters claiming that working capital was getting blocked due to delay in Goods and Services Tax (GST) refunds. What is GST? It is a destination based tax on consumption of goods and services. It is proposed to be levied at all… Continue reading Centre to hasten GST refunds:
A few sacks of rice:
A few sacks of rice: Brief overview The article talks about how Indian government’s stance on the Rohingya issue is imprudent, myopic and untenable from the point of view of security, history and morality respectively. An imprudent policy from security point of view The Indian government has declared the Rohingya to be illegal immigrants not… Continue reading A few sacks of rice:
‘It is for States to crack down on cow vigilantes’:
‘It is for States to crack down on cow vigilantes’: Overview The State governments have a responsibility to crack down on cow vigilante groups and prepare a counter-mechanism to act against and prosecute cow vigilantes. What has happened? A Supreme Court Bench (led by Chief Justice of India Dipak Misra) has ordered the Chief Secretaries… Continue reading ‘It is for States to crack down on cow vigilantes’:
Hasina floats five-point peace plan:
Hasina floats five-point peace plan: Context: Bangladesh Prime Minister Sheikh Hasina has put forward a five-point proposal at the 72nd UN General Assembly (UNGA) to find a permanent solution to the Rohingya crisis What are the five proposals? Myanmar must stop the violence and the practice of ethnic cleansing in the Rakhine State permanently and… Continue reading Hasina floats five-point peace plan:
Strident Pakistan presses for UN envoy on Kashmir:
Strident Pakistan presses for UN envoy on Kashmir: Context Recently, at the United Nations General Assembly (UNGA), Pakistan blamed India and Afghanistan for the volatile security situation in the region and also denied charges of harboring terrorists who target the two countries. What is Pakistan’s view? It stroke a stringent note against its neighbors India… Continue reading Strident Pakistan presses for UN envoy on Kashmir:
M777 broke due to faulty shell:
M777 broke due to faulty shell: Context A preliminary investigation has found faulty ammunition to be the cause of the accident involving an M777 ultra-light Howitzer during firing trials early this month. What was the cause? A preliminary inquiry has found that the explosion took place due to faulty ammunition supplied by the Ordnance Factory… Continue reading M777 broke due to faulty shell:
The faltering economy:
The faltering economy: Context Last week, the current account deficit (CAD) widened to a four-year high. A set of weak economic numbers has left the Central government scrambling to do something to set things in order. Finance Minister Arun Jaitley last week promised appropriate action to revive the economy. A set of weak economic numbers… Continue reading The faltering economy:
All you need to know about Graded Surveillance Measure:
All you need to know about Graded Surveillance Measure: Context SEBI introduced the measure to keep a check on securities that witness an abnormal price rise that is not commensurate with financial health and fundamentals of the company such as earnings, book value, price to earnings ratio among others. Why did SEBI bring in the… Continue reading All you need to know about Graded Surveillance Measure:
Who’s lending to Indian businesses?:
Who’s lending to Indian businesses?: Brief overview Banks share in the new credit have fell in FY1. Corporate bond issuances have rose 56% and NBFCs have lent more. Abou RBI’s annual report The banks are busy chipping away at their mountain of bad loans and operating on precarious levels of capital. Reserve Bank of India’s… Continue reading Who’s lending to Indian businesses?:
