DPN
Subject: Economy Context: The Comptroller and Auditor General (CAG) of India has mooted an investigation against the Central government’s accounting officials for incorrectly recording ₹10,250 crore of cess receipts from additional excise duties on petrol and diesel, as non-tax receipts for the exchequer in 2018-19. Concept: The Central Road Fund (CRF) is a non-lapsable fund […]
Subject: Science and tech Context: Using openly accessible satellite data and a cloud computing platform, an international team has developed a powerful tool for a near real-time mapping of flood extent. Concept: Cloud computing is the delivery of different services through the Internet. These resources include tools and applications like data storage, servers, databases, networking, […]
Subject: Science and tech Context: In January, London will begin the world’s first human challenge trial. Participants will be vaccinated with a candidate vaccine and then wilfully exposed to novel coronavirus (SARS-CoV-2) a month or so later. Over 38,000 people from 166 countries have already volunteered to participate in such studies. Concept: Human challenge trials […]
Subject: Polity Context: Three Codes on labour law were passed by Parliament, amid strident criticism and vociferous protests by many trade unions. Concept: The right to strike in the Indian constitution set up is not absolute right but it flow from the fundamental right to form union. As every other fundamental right is subject to […]
Subject: Polity Context: The Comptroller and Auditor General (CAG) of India, in its latest audit report of government accounts, has observed that the Union government withheld in the Consolidated Fund of India (CFI) more than ₹1.1 lakh crore out of the almost ₹2.75 lakh crore collected through various cesses in 2018-19. Concept: The Union government […]
Table Of Contents Vikram Sarabhai National medical commission Cauvery Water Management Authority’s (CWMA) Lion-tailed macaque Meenakshi Sundareswarar temple in Madurai AIIB Retrospective Taxation POEM, round tripping 1. Vikram Sarabhai Subject: History Context: President has addressed the valedictory function of Dr Vikram Sarabhai Birth Centenary Celebrations, being organized by the Department of Space […]
Subject: Economy Context: Round tripping of funds is made easier by digital transactions. India can stem tax erosion by using AI-driven tools Concept: Round tripping Money leaves the country through various channels such as inflated invoices, payments to shell companies overseas, the hawala route and so on. After cooling its heels overseas for a while, […]
Subject:Economy Context: The Vodafone Group has won a long pending arbitration case against the Indian tax department’s demand of Rs 20,000 crore on a retrospective basis at the Permanent Court of Arbitration in Hague Concept: Retrospective taxation allows a country to pass a rule on taxing certain products, items or services and deals and charge […]
Subject:IR Context: Out of the $20 billion in loans issued by the Beijing-based Asian Infrastructure Investment Bank (AIIB), about $6 billion has gone to India. Concept: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia. Headquartered in Beijing, it began operations in […]
Subject: Arts and culture Context: Meenakshi Sundareswarar Temple may have been reconstructed during early 13th century according to the inscriptions found at the temple, said archaeological expert Concept: The present structure of MeenakshiSundareswarar Temple in Madurai might have been reconstructed during the rule of JatavarmanKulasekara Pandya (1190-1216 common era). This structure was damaged due to […]