GST impact on the Infrastructure sector The infrastructure sector is the backbone of the Indian economy. The government has been making efforts to boost the sector through various schemes and incentives.According to the government, total infrastructure spending is expected to be about 10% of GDP (gross domestic product) during the 12th Five-year Plan (2012–17), up from 7.6% during the previous Plan. GST impact | Background In the pre-GST era, there was dichotomy in the applicable indirect tax regime relevant to infrastructure. While Central laws provided exemptions and concessions, state VAT (value-added tax) and entry tax laws were applicable to goods procured. [...]
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A sub-committee had been constituted by the Drugs Consultative Committee (DCC) to examine issues relating to Online Pharmacy Business and sale of drugs. The Sub-Committee has submitted its report to the Drugs Consultative Committee. The Sub-Committee has inter alia recommended Creation of a National Portal to act as the nodal platform for transacting and monitoring Online Pharmacy Business and sale of drugs. Necessity of evolving a mechanism to register e-pharmacies. Geographical restrictions for operation of e-pharmacies. Existing licensees involved in retail sale of drugs could also register on the National Portal for carrying out online sale of drugs. Requirement of registration [...]
Details of Defence Agreements signed with Russia over the past five years is as under Defence Agreements for training of Indian armed forces personnel in the military educational establishments of the Defence Ministry of the Russian Federation. (Date of signing 11.12.2014). Agreement between the Ministry of Defence of the Republic of India and the Ministry of Defence of the Russian Federation on cooperation in Aircraft flight safety. (Date of signing 21.01.2015). Agreement between the Government of the Republic of India and the Government of the Russian Federation on cooperation in the field of Helicopter Engineering. (Date of signing 24.12.2015). Agreement between [...]
Doklam Standoff near Bhutan between India and China is becoming a major concern, near the Chumbi Valley at the corner of India-China-Bhutan tri-junction. This month long border Doklam Standoff has become the longest ever between the two nations. This is also the first time when Indian troops have confronted the People’s Liberation Army of China on the soil of a third country i.e. Bhutan. There are two reasons for this standoff – India has a long standing commitment to Bhutan’s defence and serves as a virtual security guarantor to Bhutan through the 2007 friendship treaty. Secondly, the Doklam sector is critical [...]
Genetic Engineering Appraisal Committee (GEAC) has given the green signal for commercial cultivation of GM mustard in the country with certain conditions. Developed by Delhi University, the GM Mustard will be the first edible GM crop of India. Several groups have been opposing the GEAC’s decision as it might affect allied agricultural activities and health of the people as per the protesters. Pros India’s dependence on edible oil imports makes it necessary to harness GM-mustard. About $12 billion is spent by India annually on import of edible oil. Local crop developers can more easily develop different varieties of hybrid mustard, like GM cotton, and [...]
As an institution, Parliament is central to the very idea of democracy and was assigned a pivotal role in our Constitution by the founding fathers of the republic. Yet, so many decades later, it has neither evolved nor matured as it could, might or should have. If anything, slowly but surely, it has diminished in stature and significance Role of Parliament There are three designated roles for Parliament in a democracy It is responsible for legislation—laws of the land—by which people govern themselves. It must ensure accountability of governments—on policies or actions—to the people. t should engage in discourse and debate [...]
Raipur Airport - Swami Vivekananda Airport was once again ranked first in Customer Satisfaction among 49 airports in the country. Details Raipur Airport achieved 4.84 score on a five-point scale index in the latest CSI survey conducted by an independent agency for the period of January-June 2017, followed by Udaipur, Amritsar and Dehradun airports which have scored 4.75, 4.74 and 4.73 respectively. The integrated terminal building of Raipur was inaugurated in 2012. High level maintenance of infrastructure and passenger facilities, the green ambience, state-of -the- art technology and courteous staff ensuring passenger satisfaction has resulted in Raipur getting this recognition for the third consecutive time [...]
Minister of Railways dedicated to the nation the first 1600 HP DEMU train with Solar Powered Coaches with a unique facility of Battery Bank. Details The entire electrical need of the coaches for Lighting, Fans and Information Display System will be met from the Solar Energy produced from the solar panels fitted in the roofs of coaches. While this train has been manufactured by the Coach Factory of Indian Railways namely Integral Coach Factory (ICF), Chennai, its Solar panels and Solar systems have been developed and fitted by Indian Railways Organisation of Alternative Fuel (IROAF) Delhi. This first rake has been [...]
Union Cabinet recently approved the disinvestment plan for Air India and its five subsidiaries. It is seen as one of the boldest reforms by the Government till date. It is being hoped that the decision will attract a positive response and will revive Air India which is otherwise ailing under a burden of huge debt and inefficiency. Background India is supposed to displace UK as the third largest aviation market by 2026 according to IATA. India’s air passengers will grow to 442 million by 2035 and Air India surrendered profitable routes to private carriers. Air India’s market share today is around 14% while [...]
Last week, the Maharashtra cabinet approved a proposal for direct election of the village sarpanch, the head of the gram panchayat. Earlier, the sarpanchwas elected indirectly, by elected representatives. Background The centralization of governance in postcolonial India is also at variance with the long history of local self-governments coexisting with ancient kingdoms. Currently, the head of the municipal corporation, the mayor, is merely a ceremonial authority and executive decisions are carried out by the municipal commissioner appointed by the state government. Analysis The direct elections for the posts of sarpanch and municipal council president need to be extended to municipal corporations [...]