News: Recently, protests were held in several parts of north India by students who had appeared for the Non-Technical Popular Categories exam conducted by the Railway Recruitment Board. This has once again brought the issue of prevailing unemployment into the limelight. What is the unemployment situation in the country? According to Periodic Labour Force… Continue reading The many layers of an unemployment problem
Tag: Live mint
Ban on drone import to boost manufacturing
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
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. Why is there a use of such dense language in legal documents? The justification given is that it is the only way to ensure that every possible consequence is adequately… 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. What are the advantages and associated issues of a CBDC? Advantages: – As researcher Bhargavi Zaveri observes, depositors at 21 Indian lenders have been restricted from withdrawing their funds due to bank distress in the last few years. A CBDC will mitigate… 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. Has India legitimized Cryptocurrency? No. Tax law, by nature, cannot legitimise transactions or commodities. The understanding that India has proposed a tax on cryptocurrency and hence legitimized it, is, therefore, flawed. How Virtual Digital Assets… Continue reading INDIA’S FRAMEWORK FOR CRYPTO TAX STILL NEEDS WORK
Why USFDA has Indian generic drug cos worried
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 manufacturing plants. This could be a litmus test for Indian generic drug makers. What is the surprise inspection project announced by USFDA? The USFDA will conduct unannounced inspections of manufacturing plants… 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
