Author: sanower hussain

News: Contents1 How different cars are taxed in India?2 What is the rationale behind such a differential taxation system?3 What are the issues associated with this differential taxation system?4 What is needed to be done? How different cars are taxed in India? GST is levied at 28%, the top slab, with an add-on cess of… Continue reading Time to rethink Indian levies on motor vehicles

News: United States Trade Representative is in India to further the agenda of the US-India Trade Policy Forum to be held after the four-year interregnum. While the bilateral relationship has shown considerable progress in the past years, the economic agenda has always been a stumbling block. In other cases like, US-China or US-EU relationship, there… Continue reading Better co-ordination

News: The newly-created National Asset Reconstruction Company (NARCL), first in the public sector, offers hopes for the faster clean up of lenders’ balance sheets. NARCL is not a bank, but a specialised financial institution to help resolve the distressed assets of banks. Over the last 5 years, considerable progress has been made in resolving and… Continue reading Tackling the problem of bad loans

News: The first US-India Trade Policy Forum in over four years begins. Over the past two decades, the partnership between India and US has strengthened tremendously. From strategic cooperation to our deepening people-to-people ties, the gains have been impressive. However, the current stakes for a growing economic partnership are greater as we experience a volatile… Continue reading Deeper trade ties will benefit both India and US

News: Finance Minister announced that the Centre will release over ₹95,000 crores in one stroke to States this month. The decision came after meeting with Chief Ministers and State Finance Ministers to discuss the state of the economy and to sustain the recovery from the COVID-19 pandemic. Why was it required? The central policy fixes… Continue reading A stimulating alliance

News: The Global Commission has issued a similar dire warning, as it was issued in 1972 through a study on ‘The Limits of Growth’. In its recent report, the Commission(group of eminent global citizens drawn from across the world), has highlighted the key challenges facing the world today. What does the report states about global… Continue reading Global challenges can be tackled in spite of great power rivalry

News: Supreme Court expressed disappointment over the air pollution in National Capital Region. According to official data, Delhi has recorded less than 20 good air days (AQI less than 51) since 2015. This year also capital is facing the same issue. Commission for Air Quality Management (CAQM) has given directions to close all educational institutions… Continue reading The role of state policy in our acute smog crisis

News: Indian navy aims to become a 170-warship force from its current strength of 130 warships over the next decade. What is the significance of India’s naval plan?  Firstly, there is a high possibility that the most consequential strategic battles of this century will be played out on the high seas. Secondly, China’s agressiveness in… Continue reading Naval Ambition

News: Supreme Court’s suggested a two-day lockdown amid sharp deterioration in the National Capital Region’s air quality. The government’s efforts in the past decade provided positive results, and the ratio of land under short-duration varieties to the total land under paddy has more than doubled—from 32.6 percent in 2012 to 67.7 percent in 2021. What… Continue reading Why Punjab’s short-duration paddy varieties have not solved stubble burning