Decriminalisation of offences under GST

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 […]

GST Council

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 […]

Investments to Manufacturing Sector

Investments to Manufacturing Sector Context: Recently, the finance minister Nirmala Sitharaman asked captains of industry what was holding them back from investing in manufacturing. She likened industry to Lord Hanuman from the Ramayana by stating that industry did not realise its own strength and that […]

Competition Commission of India

Competition Commission of India Context: The Competition Commission of India has stated that Google’s various agreements with manufacturers, one of its major revenue-earning apps, Youtube, gained a significant edge over competitors in the online video hosting platforms market. The Competition Commission of India (CCI) has imposed […]

Economic Crisis in UK

Economic Crisis in UK Context: The U.K. economy has veered dangerously toward free fall in recent weeks as Ms. Truss and Mr. Kwarteng fumbled their way through defining a clear economic strategy, while persisting with their stated goal of spurring economic growth in the post-Brexit […]

Private Investment in Indian Economy

Private Investment in Indian Economy Context: In a recent meeting with India’s corporate leaders the finance minister raised concerns about sluggish corporate investment, despite the government’s business-friendly stance, including a reduction in the corporate tax. About: The Government of India in the year 2019 had taken […]

Significance of Semiconductor Chips

Significance of Semiconductor Chips Context: The semiconductor chips are becoming vital part of the world and is bound to shape the lives of people around the world. Critical sectors such as defence, telecom, electronics and mobility are hugely impacted by the chip shortage. Every message […]

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) Context: There were 2,926 companies in 2020-21 with zero spend on CSR while companies spending less than the prescribed limit of 2% rose from 3,078 in 2015-16 to 3,290 in 2020-21. There was also a decline in the number of companies […]