Source: Indian Express Syllabus: GS3: issues relating to Planning, Mobilization of Resources Context: In the wake of pandemic and slowdown in the economy, tax system needs efficiency in case selection and consistency in assessment. Need of efficient tax system: To improve tax collection:An economic contraction this year will deal a severe blow to tax collections. Rising uncertainty… Continue reading India’s Tax Charter

Source – The Indian Express Syllabus – GS 3 – Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. Context – ‘Unlocking’ and ‘Revival package from the government’ are the two basic factors that will determine the course of India’s economy for the rest of the year. Impact of COVID-19 on GDP GDP… Continue reading COVID – 19 and India’s road to economic revival