Hitting the GST hurdle 

Hitting the GST hurdle  Context Experience is the name the wise give to their mistakes. Through lessons learned from Modvat and later from VAT (which are also based on the same concept of tax credit, as in GST), it would be simple, even now, to gauge what GST would bring about.  Failure of Modvat &… Continue reading Hitting the GST hurdle 

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WTO: nations arrive at a crossroads 

WTO: nations arrive at a crossroads  Context ‘India will have to quickly forge a grand alliance to protect interests and prevent mayhem’ Trump poses problems According to multiple sources, the Trump administration reneged at the last minute on an earlier commitment by the U.S., and instead sought many onerous conditions — in proposed WTO norms… Continue reading WTO: nations arrive at a crossroads 

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Panel exhorts centre to contain bank NPAs 

Panel exhorts centre to contain bank NPAs  Context Concerned over rising NPAs of banks, a Parliamentary panel asked the government to take urgent remedial measures to reduce the volume of stressed assets in the system and strengthen its vigilance mechanism. Says guidelines alone not working, urges strict follow up The Committee on Petition in its… Continue reading Panel exhorts centre to contain bank NPAs 

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The price of justice 

The price of justice  Context Government needs to invest more in the judiciary to reduce pendency Controlling the judiciary In the first paragraph author has pointed out as to how in a democracy, political leaders try their best to keep a check on the judiciary and the best way of doing so is too keep its… Continue reading The price of justice 

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Fast track alimony payment: Centre 

Fast track alimony payment: Centre  Context Fast tracking of alimony process What has happened? Expressing concern over delay in disbursing money awarded as maintenance to women by courts, the Centre has asked the High Courts to set up a mechanism to fast-track the process What the law minister has said? All the stakeholders, the Government… Continue reading Fast track alimony payment: Centre 

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Place on record amended draft of Tribunal Rules:SC 

Place on record amended draft of Tribunal Rules:SC  What has happened? The Supreme Court has directed the Centre to place on record the amended draft of the Central Tribunal, Appellate and other Authorities (Qualifications, Experience and other conditions of Service of Members) Rules, 2017, which is under challenge for modifying the terms of appointment and… Continue reading Place on record amended draft of Tribunal Rules:SC 

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New sanctions are an act of war 

New sanctions are an act of war  Context Sanctions on N Korea What has happened? The UN Security Council unanimously imposed new sanctions on North Koreaon Friday for its recent intercontinental ballistic missile (ICBM) test, seeking to limit its access to refined petroleum products and crude oil and its earnings from workers abroad  What does the… Continue reading New sanctions are an act of war 

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World’s largest amphibious aircraft makes maiden flight in China 

World’s largest amphibious aircraft makes maiden flight in China  Context China’s domestically developed AG600, the world’s largest amphibious aircraft, performed its maiden flight on Sunday from an airport on the shores of the South  China Sea, the latest step in a military modernisation programme What is an amphibious aircraft? An amphibious aircraft or amphibian is an aircraft that can take off… Continue reading World’s largest amphibious aircraft makes maiden flight in China 

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