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Table of Contents
One year after
In its second year, the GST regime must be purposefully rationalised
Midnight launch on July 1 last year- Goods and Services Tax regime has evolved significantly
Serious implementation issues- Industry had anxieties about the multiple tax rates,
ranging from zero to 28%, with a cess on demerit goods- Cash-driven, informal economy.
but also the administrative will and flexibility to address most of these, with the Centre
and States working together in the GST Council.
Number of goods under the 28% bracket has been brought down to 50 from around 200.
Sunday’s GST Day celebrations, Prime Minister Narendra Modi ruled out a single tax rate
but hinted at lower rates for more items.
Continue
If not a single rate, there is certainly room for collapsing at least two of the current rates.
It is also imperative(अनिवायय) that rates not be tinkered with too often
In its second year, the GST Council must pursue a time bound approach to execute
plans already announced to ease taxpayers’ woes(सुंकट), such as an e-wallet for exporters
and a simpler return form.
There must be a road map to bring excluded products petroleum, real estate, electricity,
alcohol — into the GST net.
This reform still has miles to go, and the government must stare down the temptation to take
populist steps ahead of general elections.
Mexican wave
Reverse domestic disenchantment and address tension with U.S
Presidential election very comfortably on Sunday. Support- willingness to renegotiate NAFTA
The strongman’s dilemma
With Erdoğa•set to change the nature of the Turkish republic
64-year-old President Recep Tayyip Erdoğa•created history by becoming the longest serving
ruler of Turkey
Mr. Erdoğa•was Prime Minister from 2003 till 2014, when he was elected President.
Referendum in April last year to convert Turkey into an executive presidency, he advanced
the elections, which were not due till November 2019, to now return as an all-powerful
Under the amended constitution, he can have two terms, and with another win in
2023, he could remain in position till 2028
Unsuccessful coup in July 2016, marks a significant shift from a Western-oriented North
Atlantic Treaty Organisation (NATO) member state negotiating for European Union (EU)
membership to one seeking to join a Russia-China dominated SCO- Kurdish militants.
How to list cases better
Quality and efficiency of court functioning can be improved with simple tweaks(बदलाव)
Chief Justice of India Dipak Misra – pendency in appeals lying with High Courts
Prepare action plans for disposal of five and 10-year-old cases.
Also asked for HC Arrears(बकाया) Committees to periodically review situation.
While it is crucial that a disposal review mechanism is put in place, the manner
in which judicial performance is measured and accountability is exercised
must be carefully revisited
Public perception of court performance
Problematic situation as it does not consider the quality of adjudication itself.
Continue
To begin with, courts themselves must start analysing historical case data and introduce focus
sed interventions to counter specific case types or stages at which the case pipeline is clogged
Our case data over three years showed that 91% of them remained unheard despite being
allotted a separate day and specific judges.
One way to accelerate case movement is by making case listing more systematic.
Here, courts must assess their performance based on the actual number of cases being
heard- Listing more than 100 cases a day may look to be an impressive work schedule
for a judge, but we found that it is very rare for all of them to be heard
Disposing of old and pending matters must be prioritised- Use Technology
The quality and efficiency of court functioning can be improved with simple tweaks.
Therefore, it is time that the judiciary as an institution opens itself to services of competent
external agencies that can help them record, manage and analyse their data better,
to build and sustain a healthy institution.
Reforming higher education
Linked by light
The scope of quantum optics is still unknown, and plans for future research are vast
19th century, when Max Planck modelled radiation emitted by a black body, the idea that
light has a particle nature has come a long way.
Albert Einstein won a Nobel prize in 1921 for his paper on the photoelectric effect, in which he developed the idea of light as quanta, or photons.
For a long time after this, scientists were mainly interested in the quantum theory of matter.
The development of laser science made possible the study of light as governed by quantum theory- Important contributions to statistical properties of light were made by scientists such
as E.C.G. Sudarshan and Roy Glauber.
Today, quantum optics powers many discoveries and its full potential can only be guessed at
Its 32 authors from 10 countries (three of them Nobel Laureates) attempt to set benchmarks
in the field of quantum optics.
Plans for future research that the authors have outlined could excite not only scientists
but also science enthusiasts and sci-fiction writers across the world.
Prelims Focus Facts-News Analysis
Page-1- Cauvery authority directs Karnataka to release water
Prelims Focus Facts-News Analysis
Page-1- Rijiju tells States to fight fake news.
Prelims Focus Facts-News Analysis
2021 census data to be stored electronically
The data collected during the 2021 Census will be stored electronically, the
first time since the decennial exercise was conducted in 1951 in Independent India.
According to an amended rule notified by the Registrar-General of India on June 19
The Supreme Court on Monday sought a response from the government on amendments
made in the Foreign Contribution Regulation Act (FCRA) which benefit the ruling BJP
and the Opposition Congress, both held guilty by the Delhi High Court in 2014 for
receiving foreign funds from two subsidiaries of Vedanta, a U.K.- based company
Interpol Red Notice against Nirav Modi
He can now be held in foreign jurisdictions
Map Practice
Last Day- Q’s- Answers…
SEBI ( SECURITIES EXCHANGE BOARD OF INDIA)..IS THE REGULATOR FOR SECURITIES
MARKET ON INDIA..
ESTABLISHED = 1988.
GIVEN STATUTORY POWERS.. ON 30 JAN
1992..THROUGH SEBI ACT, 1992
FORMED = 12 APRIL 1992..
HQ= MUMBAI, MAHARASHTRA..
CHAIRMAN = AJAY TYAGI.
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