Why in News? Cairn Energy has asked the Government of India to resolve the retrospective taxation case. It has threatened to begin attaching Indian assets including bank accounts in different world capitals in case of non-resolution. Background: The Permanent Court of Arbitration ruled in Dec. 2020 that the Indian government was wrong in imposing a… Continue reading Retrospective Taxation: Cairns Issue
Author: ForumIAS
Law Commission of India as a statutory body
Why in News? The Supreme Court has issued notice to the Centre on a PIL. It is to declare the Law Commission of India as a “statutory body”. And also, to appoint a chairperson and members for the body within a month. About Law Commission of India Status: It is a non-statutory body. The government… Continue reading Law Commission of India as a statutory body
Green tax on vehicles older than 15 years
Why in News? The Union Minister for Road Transport and Highways has approved a proposal to levy a ‘green tax’ on old vehicles. The policy will come into effect on April 1, 2022. What is Green Tax? Green tax is also called pollution tax or environmental tax. It is the tax levied on goods that… Continue reading Green tax on vehicles older than 15 years
COVID deepened inequality in India: Oxfam Report
Why in News? Oxfam has released a report titled “Inequality Virus Report”. The report has highlighted the increasing inequalities in India. Facts: About the report: It is a part of its international report released on the opening day of the World Economic Forum’s ‘Davos Dialogues.’ The report states that COVID-19 has the potential to increase… Continue reading COVID deepened inequality in India: Oxfam Report
What is disinvestment?
Disinvestment It means sale or liquidation of the public assets by the government. These are usually Central and state public sector enterprises, projects or other fixed assets. The government can sell its shares, where it is the majority shareholder (Owns more than 51% of shares). For example, Air India, Bharat Petroleum, Delhi Metro Rail Corporation,… Continue reading What is disinvestment?
Naku La Pass in Sikkim
Why in News? Indian and Chinese Soldiers have clashed at the Balwan area in Naku La Pass in Sikkim. Naku La Pass: Naku La sector is a pass at a height of more than 5,000 meters above Mean Sea Level(MSL) in the state of Sikkim. It is located ahead of Muguthang or Cho Lhamu (source… Continue reading Naku La Pass in Sikkim
Wildlife Crime Control Bureau(WCCB)
Why in News? Wildlife Crime Control Bureau(WCCB) and Barasat Forest Range have rescued a live pangolin in Kolkata. Facts: Wildlife Crime Control Bureau (WCCB) It is a statutory multi-disciplinary body. It functions under the Ministry of Environment and Forests. Its responsibilities include combating organized wildlife crime in the country. Headquarters: New Delhi Functions: Under Section… Continue reading Wildlife Crime Control Bureau(WCCB)
What are off-budget borrowings?
Off Budget Borrowings: These are loans that are taken not by the Centre directly and are not calculated under the budget. These loans are taken by PSUs or other public institutions on the directions of the central government. Such borrowings are used to fulfill the expenditure needs of these institutions. Are these borrowings included in… Continue reading What are off-budget borrowings?
Factly :-News Articles For UPSC Prelims | Jan 27,2021
What are off-budget borrowings? Off Budget Borrowings: These are loans that are taken not by the Centre directly and are not calculated under the budget. These loans are taken by PSUs or other public institutions on the directions of the central government. Such borrowings are used to fulfill the expenditure needs of these institutions. Are… Continue reading Factly :-News Articles For UPSC Prelims | Jan 27,2021
COVID Vaccine and Science, Technology, and Innovation Policy (STIP), 2020
Source: Click here Syllabus: GS 2 – Issues relating to development and management of Social Sector/Services relating to Health, Education and Human Resources. Synopsis: The hasty Emergency Use Authorization (EUA) to the two COVID-19 vaccines is against draft Science, Technology, and Innovation Policy (STIP) 2020. Introduction Open Science principle is a global movement. It advocates… Continue reading COVID Vaccine and Science, Technology, and Innovation Policy (STIP), 2020
