Author: ForumIAS

CBDT yet to set up angel tax exemption infrastructure The Central Board of Direct Taxes (CBDT) has not set up the back-end infrastructure required to automatically exempt registered start-ups from angel tax.However,CBDT has asked its officers to avoid taking coercive measures against companies that have received notices under the angel tax. Angel Tax is a 30%… Continue reading CBDT yet to set up angel tax exemption infrastructure

Officers with six months’ tenure can be named DGP: Supreme Court The Supreme Court has issued clarification on its last year order on police reforms.It said that officers who have a minimum of six months tenure left in service shall be considered for the post of director general of police (DGP). Earlier,the court had ruled… Continue reading Officers with six months’ tenure can be named DGP: Supreme Court

We want all nations to stop buying Iran oil The US has not ended the sanctions waiver provided to eight countries.It has allowed them to continue purchasing Iranian crude oil as these countries showed significant reduction in oil purchase from the Iran after United States had reimposed sanctions. The US had granted exemptions to (a)China… Continue reading We want all nations to stop buying Iran oil

Xi’s BRI faces criticism during China’s annual political sessions China’s Belt and Road Initiative (BRI) has come under criticism at the annual political sessions of the Chinese People’s Political Consultative Conference (CPPCC) and the National People’s Conference (NPC). The main criticism stems from China giving out huge loans valued at billions of US dollars to… Continue reading Xi’s BRI faces criticism during China’s annual political sessions

U.K. unveils tariff plan for ‘no-deal’ scenario UK Government has announced temporary tariff plans if it leaves the European Union without a transition deal.The tariff plans are (a)eliminate import tariffs on a wide range of goods and (b)keep the border between Ireland and Northern Ireland free of customs checks. The tariff plans would apply both… Continue reading U.K. unveils tariff plan for ‘no-deal’ scenario

Karnataka has most number of stolen artefacts The Ministry of Culture has said that Karnataka tops the list in India in terms of stolen antiquities. Antiquity is an article or object (example: coin, sculpture, painting or epigraph, or anything taken from a building or cave) that is at least 100 years old. These illustrates the… Continue reading Karnataka has most number of stolen artefacts

Swachh Survekshan 2019 rewarding wrong end of waste management? A study by the Centre for Science and Environment (CSE) has reported that Swachh Survekshan rankings are flawed. The study has found that the ranking system was skewed towards cities that had only recently adopted various cleanliness measures. The survey has ranked many cities poorly despite… Continue reading Swachh Survekshan 2019 rewarding wrong end of waste management?