What is the news? The Government of India has banned the import of drones, with some exceptions, in India. What imports of drones are being banned? The import of any drones either in completely built up (CBU), completely knocked down(CKD) /semi knocked down (SKD) forms have been banned. Exceptions: Import of drones for Research and… Continue reading Ban on drone import to boost manufacturing
Tag: Live mint
Income tax on our rich should’ve been rejigged
News: This article discusses the view of former Reserve Bank of India governor C. Rangarajan on taxation. The article says tax rules should be made easier for better tax collections. India needs direct tax reforms because tax relief is not enough. How the government missed the opportunity to simplify the tax rate? Pandemic has increased… Continue reading Income tax on our rich should’ve been rejigged
India must reform the very way that reforms are brought about
News: Every section of society want reforms to make their life easier. The government is also introducing various reforms in various sectors. But still, various voices came who are against the method which government is adopting while introducing any reform. What are the mistakes government is doing while introducing reforms? The government is in a rush… Continue reading India must reform the very way that reforms are brought about
Why we ought to replace legalese with plain language
News: Recently, judges of India’s Supreme Court were unable to comprehend a judgement of Himachal Pradesh high court due to its dense legal language. Contents1 Why is there a use of such dense language in legal documents? 2 What are the consequences of this? 3 What is the situation in other countries? 4 What is the way… Continue reading Why we ought to replace legalese with plain language
The case for easing our identity proof insistence
News: The government of India has informed the Supreme Court that it had provided covid vaccination to 8.7 million people without asking for identification. What are the steps initiated by the government of India? Apart from Aadhaar, the government allowed citizens to use eight alternative documents to register themselves on Co-Win, a website for vaccine allotment.… Continue reading The case for easing our identity proof insistence
RBI shouldn’t rush the launch of India’s official digital rupee
News: Rushing the implementation of a digital rupee is fraught with unnecessary risks. Contents1 What are the advantages and associated issues of a CBDC?2 What is the global situation wrt a digital currency?3 Why has India set an early deadline to launch a CBDC?4 What is the way forward? What are the advantages and associated… Continue reading RBI shouldn’t rush the launch of India’s official digital rupee
INDIA’S FRAMEWORK FOR CRYPTO TAX STILL NEEDS WORK
News: The recent decision to tax Cryptocurrency by 30% has received mixed reactions. A more robust regulatory framework is needed. Contents1 Has India legitimized Cryptocurrency?2 How Virtual Digital Assets (VDAs) have been defined and issues with the definition?3 Is Bitcoin a foreign currency?4 What is the policy approach wrt NFTs and the associated issues?5 What… Continue reading INDIA’S FRAMEWORK FOR CRYPTO TAX STILL NEEDS WORK
Why USFDA has Indian generic drug cos worried
Contents1 What is the News?2 What is the surprise inspection project announced by USFDA?3 How will this impact Indian generic firms?4 Why has the US announced this surprise inspection project again? What is the News? The US Food and Drug Administration(USFDA) has decided to restart an old pilot project of conducting surprise inspections of foreign… Continue reading Why USFDA has Indian generic drug cos worried
Social justice opportunities are too unevenly spread across India
News: Recently the Supreme Court has upheld reservations for Other Backward Classes (OBCs) and Economically Weaker Sections (EWS) in medical seats for the All-India Quota (AIQ). What is the case? Read here: https://forumias.com/blog/9-pm-daily-current-affairs-brief-february-5th-2022/#gs11 How does one’s domicile influences access to social justice when it comes to medical seats? First, 85% of the seats for Bachelor… Continue reading Social justice opportunities are too unevenly spread across India
Financial inclusion is integral to holistic development
News: India is working on the path to achieving the motto of “Sabka Saath, Sabka Vikas, Sabka Vishwas“, a vision enshrined by the Prime Minister of India. Recently budget also shows that the government is focused on boosting financial inclusion. Read here: Financial Inclusion and challenges associated with it What steps does government initiate to achieve… Continue reading Financial inclusion is integral to holistic development
