Suggestions for GST Reform by Vijay Kelkar Subject: Economy Section: Fiscal policy Single GST Rate: Kelkar suggests introducing a single GST rate system of 12% across the country. This move aims to simplify the GST structure, reducing complexity. Constitutional Amendment: He proposes a constitutional amendment for equitable sharing of GST proceeds. The sharing […]
Rising Household Debt Levels in India Subject: Economy Section: National Income Current Status: India’s household debt levels have reached an all-time high of 40% of Gross Domestic Product (GDP) by December 2023. Net financial savings had likely dropped to their lowest level at around 5% of GDP during the same period. Motilal Oswal […]
Daily Prelims Notes 9 April 2024 Table Of Contents Rising Household Debt Levels in India Suggestions for GST Reform by Vijay Kelkar Supreme Court Hearing on Karnataka’s Plea for Drought Assistance Growth in India’s Stock Market Up to a Trillion Cicadas Are About to Emerge in the U.S. Why VVPAT was brought in, […]
Three new dedicated freight corridors on track Subject: Geography Section: Eco geography Context: The Indian Railways plans to introduce at least three more dedicated freight corridors, including commodity-specific routes, to enhance freight movement and allocate regular tracks more efficiently for passenger trains. Details: These corridors will span the east coast, north-south, and east-west […]
U.S., Britain, Australia weigh expanding AUKUS security pact to deter China Subject: IR Section: Int Grouping Context: The U.S., Britain, and Australia plan to start discussions on including new members into their AUKUS security pact, with an emphasis on Japan joining as a countermeasure against China. Details: The Defense Ministers of these countries […]
Kerala might move SC against Governor on SHRC chief’s appointment Subject: Polity Section: National Body Context: The Kerala government intends to hold Governor Arif Mohammed Khan accountable for casting suspicion on the judiciary and former Chief Justice S. Manikumar by delaying the appointment of Manikumar as the chairperson of the Kerala State Human […]
How PMLA got its sharp teeth? Subject: Polity Section: Legislation in news Context: BRS leader K. Kavitha was produced at Rouse Avenue Court in connection with the Delhi excise policy-linked money laundering case. More on news: In 2023, Delhi High Court granted bail to 49-year-old Preeti Chandra, wife of Sanjay Chandra, who was […]
Nehru, Bose, or… Maulana Barkatullah? Who was India’s ‘first prime minister’? Subject: History Section: Modern India Context: In a recent interview, actress-turned-politician Kangana Ranaut claimed that Subhas Chandra Bose, not Jawaharlal Nehru, was India’s first prime minister. More on news: After being criticized, Kangana doubled down, citing the provisional government setup by Bose […]
Land portions from 10 cantonment boards to be run by local bodies Subject: Polity Section: PRI and local govt Context: The Centre has decided to shrink the land under the jurisdiction of 10 key cantonment boards across five states, and put them under the state local bodies. More on news: Any objection to […]