Daily Practice Sheet 18 October 2021

Pharma Industry:

The Indian pharmaceutical industry is the third largest in value, set to be valued at around $130 billion by 2030. Additionally, the Indian Active Pharmaceutical Ingredient (API) industry is ranked third largest in the world

Tax Havens:

The losses due to “tax abuse” have been estimated by the Tax Justice Institute (The State of Tax Justice 2020 report) at nearly $427 billion annually.
Of this staggering amount, nearly $245 billion is lost to “multinational corporations shifting profit into tax havens in order to underreport how much profit they actually made in the countries where they do business”.
The remaining “$182 billion is lost to wealthy individuals hiding undeclared assets and incomes offshore, beyond the reach of the law”

GS 1: History

Gandhi and Savarkar shared goal of independence differed on means. Critically discuss. [Reference: Indian Express]
Discuss the contribution of Sir Syed Ahmed Khan? Are his ideas still relevant? [Reference: Counter Current]

GS 2: Polity

GS 2: IR

GS 3: Economy

What are tax heavens? Why do they exist? Discuss recent movement against them. [Reference: Indian Express]
The reasons for the current coal crisis are structural and operational. [Reference: Indian Express]
Will Electricity (Amendment) Bill game changer for the power sector? [Reference: The Hindu]

GS 3: Science and Technology

Combating AMR calls for a multi-sectoral strategy nestled in the One Health Approach. Discuss. [Reference: Business Line]

GS 4: Ethics

Are goals important than means? Discuss with example. [Reference: Indian Express]
Tax evasion is a human right issue. [Reference: Indian Express]