Source: Livemint What is the News? India and the 129 countries have backed a Global Minimum Corporate Tax. It will keep multinational firms from avoiding taxes by shifting their profits to countries with low rates. What was the need for the Global Minimum Corporate Tax(GMCT) deal? Governments have long-faced the challenge of taxing global companies… Continue reading How India stands to gain from the proposed global minimum tax
Category: Daily Factly articles
Govt issues draft norms to regulate direct selling cos
Source: TOI What is the News? The Ministry of Consumer Affairs has issued the Draft for Consumer Protection Rules (Direct Selling) 2021. Key Features of the Draft Consumer Protection Rules (Direct Selling) 2021: Applicability of Rules: These rules will apply to: All goods and services brought or sold through direct selling All direct selling entities… Continue reading Govt issues draft norms to regulate direct selling cos
Trafficking in Persons (Prevention, Care and Rehabilitation) Bill, 2021
Present Status: Open for public suggestions till 14th Jul 2021 About Trafficking in Persons (Prevention, Care and Rehabilitation) Bill, 2021 Objectives: To prevent and counter trafficking in persons, especially women and children. To provide for care, protection, and rehabilitation to the victims, while respecting their rights To create a supportive legal, economic and social environment… Continue reading Trafficking in Persons (Prevention, Care and Rehabilitation) Bill, 2021
Union Education Minister to launch NIPUN Bharat
Source: PIB What is the News? The Ministry of Education will launch the National Initiative for Proficiency in Reading with Understanding and Numeracy(NIPUN Bharat) Mission. About NIPUN Bharat Mission: Aim: To create an enabling environment to ensure the universal acquisition of foundational literacy and numeracy. It will enable every child to achieve the desired learning… Continue reading Union Education Minister to launch NIPUN Bharat
Commerce Ministry’s Logistics Division unveils plans for ‘Freight Smart Cities’
Source: PIB What is the News? The Logistics Division under the Ministry of Commerce & Industry has released the roadmap for the ‘Freight Smart Cities Initiative’. About ‘Freight Smart Cities Initiative’: Freight Smart Cities Initiative aims to improve the efficiency of urban freight and create an opportunity for a reduction in logistics costs. Under the… Continue reading Commerce Ministry’s Logistics Division unveils plans for ‘Freight Smart Cities’
Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
Source: The Business Standard and PIB Relevance: MSME sector and its growth are important for the Indian Economy. What is the news? Minister of MSME and Road Transport and Highways announced revised guidelines for MSMEs with the inclusion of Retail and Wholesale trades as MSMEs. The Ministry also confirmed that the revised guidelines will benefit… Continue reading Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
Is Non-fungible Token(NFT) what Digital Art needs?
Source: Livemint Contents1 What is the News?2 What are Fungible and Non-Fungible assets?3 What are Non-Fungible Tokens(NFTs)?4 How do NFTs work? What is the News? Non-fungible tokens(NFT) have made digital art a worthy collectible by solving the problems of provenance and duplication. What are Fungible and Non-Fungible assets? A fungible asset is something that can… Continue reading Is Non-fungible Token(NFT) what Digital Art needs?
Folk artists as record-keepers of the pandemic
Source: Livemint What is the News? For perhaps the first time, folk and tribal artists around the country have been united by a common theme: covid-19. Key Paintings mentioned in the Article: About Madhubani Painting: Madhubani painting is also referred to as Mithila Art as it flourishes in the Mithila region of Bihar. Method: The… Continue reading Folk artists as record-keepers of the pandemic
In Leh and Kargil, different reasons to oppose Ladakh’s current status
Source-The Indian Express Synopsis- LEH demand for 6th schedule for Ladakh, while Kargil has asked for the reinstatement of special status under Article 35 and 370. Contents1 Introduction-2 Different demand from Ladakh districts –3 LEH demand for Sixth Schedule status4 Kargil demand for restoration of special status under Article 35 and 3705 Way forward- Introduction-… Continue reading In Leh and Kargil, different reasons to oppose Ladakh’s current status
India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
Source: The Hindu, Business Standard, Livemint Contents1 What is the news?2 Rationale behind the deal3 How much additional tax revenue would be generated?4 India has agreed to a lower threshold. Why?5 Why some countries haven’t joined the agreement?6 How have big international corporations reacted? What is the news? A day after joining the OECD-G20 framework… Continue reading India sees ‘consensus’ by Oct. on OECD-G20 global tax deal
