Source: Business standard Relevance: On Carbon border tax and its impact Synopsis: An analysis of the complexities involved in dealing with climate change via measures like carbon border tax. Context The European Union’s (EU’s) plan for a carbon border tax (CBT) —that is, duty on imported goods like aluminium, steel, cement, and electricity from countries… Continue reading Making trade work for climate
Tag: gs paper 3
The sovereign right to tax is not absolute
Source: The Hindu and Livemint Relevance: This article explains India’s sovereign right to tax and its limitations Contents1 Synopsis:2 Introduction:3 Does the state have a sovereign right to tax?4 Then how a state’s taxation can be questioned? Synopsis: India has a sovereign right to tax, but that right is subject to certain limitations. Introduction: The government… Continue reading The sovereign right to tax is not absolute
The SC’s Amazon ruling upholds the doctrine of party autonomy
Source: Livemint Relevance: To understand the recent SC ruling and extension of the Indian Arbitration Act 1996. Synopsis: The SC order in Amazon’s case has answered two important judicial questions. What is the background of the event? Read here: Emergency arbitration award is applicable: Amazon wins in Supreme Court What is the story so far?… Continue reading The SC’s Amazon ruling upholds the doctrine of party autonomy
Cyclone-ravaged Sunderbans is now drowning in plastic
Source: The Hindu Contents1 Synopsis2 Background:3 What are the concerns raised by the NGOs?4 Steps to be taken: Synopsis The unregulated inflow of relief materials in the Sunderbans region has resulted in a new crisis in the cyclone battered region: Plastic Waste. Background: Sunderbans has been battered by many cyclones over the years, with Cyclone… Continue reading Cyclone-ravaged Sunderbans is now drowning in plastic
Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
Source: The Hindu, The Indian Express and Times of India Relevance: This article explains issues with the 2012 amendment which provide retrospective taxation and the challenges with the recent bill. Synopsis: Delayed reset on retrospective tax is only the first step to regaining investor confidence Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill,… Continue reading Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
Widen met station network in Himalayas to better predict extreme weather: Panel
Source: Down to Earth, Down to Earth 2, Down to Earth 3 Relevance: Fighting the flood problem in India Synopsis: Standing Committee of Parliament (Water Resources) presented its report in both the houses. A detailed look at its findings and the recommendations made. Context The report of the Standing Committee of Parliament (Water Resources) for… Continue reading Widen met station network in Himalayas to better predict extreme weather: Panel
How COVID-19 protocols can propagate social discrimination in India
Source: Down to Earth Relevance: To learn about the climate crisis and lessons from Covid-19 to avert it. Synopsis: Covid-19 has brought many changes in people’s behaviour. Similar such behaviour is needed to avert the climate crisis. Population and Climate crisis The pressure of the rising population is designated as a significant contributing factor to the… Continue reading How COVID-19 protocols can propagate social discrimination in India
Spreading disinflation over 2-3 years to reduce output loss, says RBI
Source: Business Standard Relevance: Addressing various issues ailing the financial sector of the Indian economy. Synopsis: RBI Governor Shaktikanta Das, other deputy governors took questions from the media and addressed the raging topics in the financial sector. Here is what he had to say regarding RBI’s view on various issues. On inflation Between 2016 and… Continue reading Spreading disinflation over 2-3 years to reduce output loss, says RBI
Harness power of nature-based solutions to fight climate crisis: G20 ministers
Source: Down to Earth Relevance: Fighting climate change Synopsis: India can leverage the global best practices regarding Nature-based solutions (NbS) to fight against the climate crisis. Significance of NbS and discussion of its major roadblocks. Contents1 Background2 Nature-based solutions (NbS)3 Significance for India4 Major roadblocks Background In the recently concluded meeting of The environment, energy… Continue reading Harness power of nature-based solutions to fight climate crisis: G20 ministers
Prime Minister unveils strategy to boost exports
Source: Business Standard Introduction: The Prime Minister has spelt out a strategy to boost the export of goods from India while interacting with the Heads of Indian Missions abroad and stakeholders of trade and commerce virtually. India’s Exports Strategy: The PM pointed out four factors that are very important for accelerating outward shipments from India.… Continue reading Prime Minister unveils strategy to boost exports
