India-Africa relations – Explained, pointwise

Introduction Africa is considered a foreign policy priority by India. The Indian government has designed a forward-looking strategy to deepen India-Africa relations further. Even during the COVID-19 times, India took new initiatives to assist Africa through prompt dispatch of medicines and later vaccines.  The quantum of India-Africa trade According to the Confederation of Indian Industry,… Continue reading India-Africa relations – Explained, pointwise

Excise duty helps fill Centre’s fiscal gap

  What is the News? According to the data from the Controller General of Accounts (CGA), Excise duty mostly from petrol and diesel has helped the government overcome a major gap in its revenue in FY21. How much tax do we pay on petrol and diesel? The Union government levies excise duty and cess on… Continue reading Excise duty helps fill Centre’s fiscal gap

MCA expands small firm definition, raises turnover and borrowing limits

  What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits

CCI probe into Google: What are the allegations?

What is the News? The Competition Commission of India(CCI) has ordered an investigation into the conduct of Google in the smart TV segment over allegations that the company’s agreements with smart TV manufacturers restricted the development and usage of alternate versions of Android. What are the alleged violations of the Competition Act by Google? According… Continue reading CCI probe into Google: What are the allegations?

Free foodgrain supply until Nov to cost over ₹67,200 cr

What is the News? Cabinet has approved key decisions related to food grains, merger of CWC and CRWC and deal with Caribbean Island Nations on Tax matters. About Pradhan Mantri Garib Kalyan Anna Yojana (PMGKY) It was announced as part of the relief package during the COVID-19 pandemic. Aim: To ensure sufficient food for the… Continue reading Free foodgrain supply until Nov to cost over ₹67,200 cr

Rajasthan set to get its fourth tiger reserve

What is the News? Ramgarh Vishdhari Wildlife Sanctuary has received a nod from the National Tiger Conservation Authority’s(NTCA) technical committee to become the Tiger reserve. Note: Ramgarh Vishdhari Wildlife Sanctuary will become the 4th Tiger reserve of Rajasthan and the 52nd Tiger Reserve of India. About Ramgarh Vishdhari wildlife sanctuary: Ramgarh Vishdhari wildlife sanctuary is… Continue reading Rajasthan set to get its fourth tiger reserve

What are class action suits?

Synopsis The families of 71 people who were killed after Cyclone Tauktae destroyed ONGC’s barge vessels off Bombay High have received compensation. However, India’s laws for negligence and liability are weak and the affected families can do little in terms of filing personal injury suits or class action suits. What are class action suits? A… Continue reading What are class action suits?

What India’s new rules mean for e-marketplaces

Context:   The Centre has proposed additions and changes to the Consumer Protection (E-commerce) Rules, 2020. This has caused confusion among e-commerce firms and stakeholders.  To whom the new rules applicable?  According to the definition provided in the rules, these rules apply to “all goods and services bought or sold over digital or electronic networks including… Continue reading What India’s new rules mean for e-marketplaces

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