Decriminalisation of offences under GST Context: Recently, the48th GST Council meeting was held which recommended decriminalising certain offences under Section 132 of the Central Goods and Services Tax (CGST) Act Background: Tax evasion has significantly increased since the introduction of the GST, with many instances of […]
Kunming-Montreal Agreement Context: After four years of continuous negotiations around 200 countries including India have agreed with what is known as the historic deal which was signed in Canada. About: The Chinese-mediated agreement aims to protect the lands, oceans, and animals due to climate change, pollution, and degradation. The […]
Tal Chhapar Blackbuck Sanctuary Context: The famous Tal Chhapar blackbuck sanctuary has received a protective cover against a proposed move of the State government to reduce the size of its ecosensitive zone. Where is it located? Churu District, Rajasthan About the Sanctuary: The Tal Chhapar Sanctuary is a sanctuary that may be found in Northwestern Rajasthan, Shekhawati area of India, in the Churu district. It is famous […]
GST Council Context: The Goods and Services Tax (GST) Council on Saturday clarified tax provisions on items ranging from fryums to sport utility vehicles (SUVs) to reduce disputes. It also approved decriminalisation of some offences but could not find the time to discuss half its […]
PIB Analysis 17-12-22 Part 2 Regulation of Online Gaming To help achieve the aim of making Internet Open, Safe and Trusted and Accountable, the Central Government, in exercise of powers conferred by the Information Technology Act, 2000, has made the Information Technology (Intermediary Guidelines and […]
PIB Analysis 17-12-22 Part 1 Economic Cooperation and Trade Agreement India and Australia have signed the India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) on 2 April,2022, which will come into force on 29.12.2022. Indian exports will benefit from preferential zero duty market access in […]
India’s rupee trade settlement mechanism #GS-03 External Sector For Prelims: Currencies used for International Transactions: The Most Popular Currencies for International Trading are; The U.S. Dollar: The U.S. dollar, which is sometimes called the greenback, is the most traded currency on the planet. Which makes […]
India’s trade deficit #GS-03 External Sector For Prelims Trade Deficit: Trade deficit or negative balance of trade (BOT) is the difference between exports and imports when imports are higher than exports. It can be calculated separately for different goods and services or for international transactions […]
Line of Actual Control (LAC) #GS-02 International Relations For Prelims Line of Actual Control: The Line of Actual Control (LAC) is a notional demarcation line that separates Indian–controlled territory from Chinese–controlled territory in parts of Indo-China border. LAC originally referred only to the boundary in […]
Air Pollution in South Asia #GS-03 Pollution For Mains Air Pollution in South Asia: Over 60% of South Asians are exposed to an average 35 g/m3 of 5 annually. This figure increases to as much as 100 g/m3 over some parts of the Indo-Gangetic Plain […]