Source: Indian Express, Time of India Synopsis: The onset of sea trials of INS Vikrant marks a historic moment for the Indian Navy, which till now had aircraft carriers, but none built at home. The brand-new INS Vikrant is 75% indigenous and is the first big-ticket example of Atmanirbhar India. Background: August 4, 2021, marked… Continue reading India’s indigenous aircraft carrier setting sail for sea trials is a historic moment
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Mediterranean a wildfire hotspot now : EU scientists
Source: Reuters Relevance: Impacts of human-induced climate change Synopsis: Climate change is causing intense heatwaves across the world and contributing to rising cases of wildfires, too. Background The Mediterranean has become a wildfire hotspot, with Turkey hit by its most intense blazes on record and a heatwave producing a high risk of further fires and… Continue reading Mediterranean a wildfire hotspot now : EU scientists
Climate based protectionism: Green Public Procurement can incentivise public sector to eliminate polluting tech
Source: Down to Earth Relevance: Tackling Climate Change Through Innovative Methodologies Synopsis: In June 2021, the European Parliament signed the first dedicated Climate Law. There are some problematic or protectionist provisions in the law, but it is still considered as a step in the right direction to tackle the issue of climate change. Till now… Continue reading Climate based protectionism: Green Public Procurement can incentivise public sector to eliminate polluting tech
Arbitration Awards and The Public Interest
Source: Business standard Relevance: Way forward for India in the Cairns Energy case Synopsis: Recently, a court in Paris allowed Cairn Energy to freeze assets of Government of India in Paris in a tax dispute. Similar developments are possible in the US from actions by Cairn and Devas Multimedia. Thus, an objective, analytical approach to pursuing… Continue reading Arbitration Awards and The Public Interest
Tesla is unlikely to launch its vehicles in India anytime soon
Source: Live Mint Relevance: Electric vehicles are necessary for pollution control and import substitution. Synopsis: India needs to ease its restrictive policies towards the import of electric vehicles. Introduction Last month, Elon Musk complain about India’s restrictive policies for the import of electric vehicles. India’s restrictive policies are aimed at the Make in India campaign for… Continue reading Tesla is unlikely to launch its vehicles in India anytime soon
A grand tax bargain in danger of coming apart
Source: The Hindu Relevance: Issues with GST regime Synopsis: A version 2.0 of GST may have to be designed sooner rather than later. Issues existing with GST Non-expanding tax base: The tax base of GST does not appear to be expanding. The Tax to Gross value addition (GVA) is only about 5% to 6.5% though… Continue reading A grand tax bargain in danger of coming apart
Respect regulations
Source: Business Standard Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: The government’s move to exempt any public sector listed company from complying with the minimum public shareholding norm is undesirable and inappropriate. Background Exempting select PSUs from minimum free float norm reverses govt stance Issues with the latest move Blocked an… Continue reading Respect regulations
Why switching to electric vehicles is fiscally imprudent
Source: Indian Express Relevance: Electric vehicles are necessary for pollution control and import substitution. Synopsis: The government is promoting Electric vehicles in India at a good pace. However, there are issues attached to government policies towards EVs. Introduction E-vehicles or EVs are becoming increasingly popular in India. It is evident in the increasing sales of TATA Nexons EVs. The most important… Continue reading Why switching to electric vehicles is fiscally imprudent
Exempting select PSUs from minimum free float norm reverses govt stance
Source: Indian Expres Relevance: Changes to minimum public shareholding norms and consequent impact Synopsis: Recently, the Department of Economic Affairs has amended the Securities Contract (Regulation) Rules, 1957 (SCRR). Contents1 Background2 What is MPS?3 Need for MPS4 Rationale behind the move5 Possible Implications: Background Through a recent notification in the government gazette, the Department of… Continue reading Exempting select PSUs from minimum free float norm reverses govt stance
Just Energy Transition
Source: Indian Express Relevance: Achieving a clean energy transition for India, which is just and inclusive. Synopsis: A people-centric approach will help India build a clean and inclusive energy future and also provide a model for other countries and communities worldwide. Contents1 Current scenario in India2 Challenges3 How India can achieve a just energy transition?4… Continue reading Just Energy Transition
