Daily Practice Sheet 8 June 2020

  • June 8, 2020
  • Posted by: OptimizeIAS Team
  • Category: DPS
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On this Day 8th June: World Ocean Day

In 2008, the United Nations recognized World Oceans Day on June 8 as a time to celebrate the immense bodies of water that make up roughly 70% of the Earth’s surface. Celebrated annually since then, the goal of the day is to promote conservation efforts and engage activists in preserving these five crucial areas — the Pacific, Atlantic, Indian, Arctic, and Southern (Antarctic) Oceans — and their inhabitants.

Daily Mapping

  • Tadoba Andhari Tiger Reserve
  • Dibru-Saikhowa National Park
  • Maguri-Motapung wetland —an Important Bird Area notified by the Bombay Natural History Society
  • Persian Gulf

Daily Facts

Agriculture:

  • Three out of four cultivators are classified as ‘small farmers
  • Agriculture is a state subject under the Constitution of India

 Direct Taxes:

  • The gross direct tax collection in 2019-20 fiscal dipped 4.92 per cent to Rs 12.33 lakh crore on account of reduction in corporate tax rate, increased standard deduction and personal I-T exemption limit.
  • The gross direct tax collection in 2018-19 fiscal stood at Rs 12,97,674 crore.
  • In 2018-19, net direct tax collection stood at Rs 11.36 lakh crore.
  • As per data released by the CBDT, the actual gross corporate tax and Personal Income Tax (PIT) revenue mop up stood at Rs 6.78 lakh crore and Rs 5.55 lakh crore, respectively, in 2019-20, taking the actual gross direct tax collection to Rs 12,33,720. In FY 2019-20, refunds worth Rs 1.84 lakh crore were given by CBDT, a 14 per cent increase over Rs 1.61 lakh crore given in FY 2018-19. However, gross collection would have clocked a 8 per cent growth to Rs 14.01 lakh crore in 2019-20 if revenue foregone in corporate tax and PIT is taken into account.
  • During the fiscal, the revenue foregone due to reduction in corporate tax rate was Rs 1.45 lakh crore, while in PIT (due to increased tax rebate limit and standard deduction) it was Rs 23,200 crore. If this had not happened, then corporate tax and PIT collection in 2019-20 would have been Rs 8.23 lakh crore and Rs 5.78 lakh crore, respectively.
    Thus, the gross direct tax mop up would have been Rs 14.01 lakh crore, which would have been a 8.03 per cent growth over 2018-19.

Global military spending:

The global military spending surged to $1.9 trillion in 2019, a growth of 3.6% from 2018.according to Stockholm International Peace Research Institute. With $732 billion, the US is the largest spender followed by China and India. China’s military expenditure reached $261 bn in 2019, which is a 5.1% increase over 2018. On the other hand, India’s expenditure increased bymore than 6% to $ 71bn.

 

Daily Mains Mantra

GS 1: Society

  1. How has implementation of panchayat raj impacted rural women? [Reference: Times Of India]

GS 1: Geography

  1. Discuss the economic and strategic importance of Persian Gulf. [Reference: The Hindu]

GS 2: Governance

  1. MNREGA is the world’s largest anti-poverty scheme.Examine its effectiveness. Also enumerate various measures taken over the years to improve the scheme. [Reference: Indian Express]

GS 2: IR

  1. Examine the developments in the gulf region in last few years. How do these developments impact India’s interests and concerns? [Reference: The Hindu]

GS 3: Economy

  1. What do you understand by tax base? Enumerate the steps taken to improve tax base by the government. Also discuss the challenges in improving tax base. [Reference: PIB]

GS 3: Environment

  1. What is man animal conflict? Analyze the factors which lead to man animal conflict. Suggest innovative measures to tackle them. [Reference: Indian Express]

GS 4:  Ethics

  1. What do you understand by racism? Explain the cause behind racist behavior? [Reference: BBC]