News: The Goods and Service Tax (GST) is going to complete its five years in a few months. Therefore, it has triggered a debate for big structural change in the system. GST was expected to reduce complications in the indirect tax system, contain tax evasion, and boost revenue and economic growth over time. However, it… Continue reading Addressing uncertainty – Necessary changes in GST must be made in time
9 PM Daily Current Affairs Brief – March 11th, 2022
Dear Friends, We have initiated some changes in the 9 PM Brief and other postings related to current affairs. What we sought to do: Ensure that all relevant facts, data, and arguments from today’s newspaper are readily available to you. We have widened the sources to provide you with content that is more than enough… Continue reading 9 PM Daily Current Affairs Brief – March 11th, 2022
Sumy success: With Operation Ganga winding down, India must now take a clear position on Ukraine crisis
News: The 700 Indian students were finally successfully evacuated from the north-eastern Ukrainian city of Sumy through Operation Ganga. As a result of Indian diplomacy, the Ukrainians and Russians agreed to provide safe passage to the Sumy students. A humanitarian corridor was established for extraction of students which was quite challenging to be established. History… Continue reading Sumy success: With Operation Ganga winding down, India must now take a clear position on Ukraine crisis
A fresh blow to globalisation
News: There are two broad possibilities that may arise as an effect of the present Ukraine crisis – one is the reordering of international relations, and the other is declining globalisation. How the western countries have responded to the Ukraine Crisis? The West has imposed what are supposed to be the harshest sanctions ever… Continue reading A fresh blow to globalisation
Insolvency proceeding deadline problem
News: Insolvency and Bankruptcy Code (IBC), 2016 aims for time bound corporate insolvency resolution process or CIRP. Although initially these timelines were adhered, but with time, considerations of factors like livelihood of those related to the company have led to delays. Due to this, the focus has shifted to revival rather than on timely resolution. … Continue reading Insolvency proceeding deadline problem
An open data policy won’t work without earnest implementation
News: On 22 February, India’s ministry of electronics and information technology (MEITY) released its draft India Data Accessibility and Use Policy 2022 for public consultation. Read – About the Draft India Data Accessibility & Use Policy, 2022 Need for bringing the draft Data Accessibility and Use Policy 2022 Utility in delivery of public services: The… Continue reading An open data policy won’t work without earnest implementation
What is the Temporary Protection Directive of 2001, and why has the EU invoked it for refugees of the Ukraine war?
What is the News? Responding to refugee crisis due to the Russian invasion of Ukraine, the EU has made the unprecedented decision to activate the European Union’s Council Directive known as the Temporary Protection Directive (TPD). The war in Ukraine is the first time that the EU has invoked the TPD. What is the Temporary… Continue reading What is the Temporary Protection Directive of 2001, and why has the EU invoked it for refugees of the Ukraine war?
Medical courses at IITs? UGC draft guidelines get a thumbs up
What is the News? University Grants Commission has released “Draft Guidelines for Transforming Higher Education Institutions into Multidisciplinary Institutions”. The guidelines have been prepared in line with the National Education Policy, 2020 which has envisaged at least one large multidisciplinary higher education institute in or near every district by 2030. What are the key features… Continue reading Medical courses at IITs? UGC draft guidelines get a thumbs up
Union Minister launches MSME Innovative Scheme (Incubation, Design and IPR) & MSME IDEA HACKATHON 2022 under MSME Champions Scheme
What is the News? The Union Minister for MSME has launched the MSME Innovative Scheme (Incubation, Design and IPR) along with the MSME IDEA HACKATHON 2022. What is the MSME Innovative Scheme? Nodal Ministry: Ministry of MSME Aim: a) To promote and support untapped creativity of the MSME sector and b) To act as a… Continue reading Union Minister launches MSME Innovative Scheme (Incubation, Design and IPR) & MSME IDEA HACKATHON 2022 under MSME Champions Scheme
RBI launches UPI123Pay that allows UPI payments on feature phones
What is the News? Reserve Bank of India has launched new UPI service for feature phones called UPI123Pay. It has also launched a 24×7 helpline for digital payments called ‘Digisaathi’. What is UPI123Pay? UPI 123PAY is a three-step offline method to initiate and execute transactions that will work on simple feature phones. It will allow… Continue reading RBI launches UPI123Pay that allows UPI payments on feature phones
