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17 January 2017
GST stalemate resolved rollout deferred to July 1: GST council arrived at a consensus on some contentious issues. Though the rollout has been deferred for April 1 2017. The issues on which the council arrived at a consensus includes: As per the formula of dual control. For firms with annual turnover of 1.5 crores or less 90 percent of those will be assessed by the administrative machinery of the states and rest by the administrative machinery of the center. For firms with turnover of 1.5 crore and above assessment will be in the ratio 50:50. Another area of contention between…
17 January 2017
Seniority or merit? The recent appointment of the new chief of Army staff, Lt. Gen Bipin Rawat has questioned the long held tradition of appointing the senior-most eligible officer to the post. He has superseded two senior-most officers to hold this post. Since then, a number of controversies have taken place regarding the appointment of the chief of Army staff. Arguments in favour of the ‘seniority’ principle It is often seen that some divisions of the army are more favoured over others. Such discriminations should not be made since army is inherently a hierarchal institution. And the seniority principle can…
16 January 2017
Market regulator tightens merger norms SEBI (Securities and exchange board of India) has tightened the norms for merger of an unlisted company with a listed entity. Steps taken in this regard: Public shareholder holding in a company post-merger cannot be less than 25%. A similar threshold will apply in case of institutional investors of the unlisted firm. An unlisted firm can be merged with a listed firm only when the latter is listed on a stock exchange with nationwide trading terminals. The regulator has also reduced the broker fee to ensure reduction in the overall cost of transaction which will…
14 January 2017
Supreme Court dismissed concerns on advancing the budget date by the government. A PIL filled in the Supreme Court had sought postponement of the budget date till the elections in the five states are over. It is alleged that the provisions in the budget can influence the voters and can be considered as violation of the model code of conduct. Earlier the government had decided to end the colonial era tradition of presenting the union budget on the last day of February. Along with this the provision of a separate railway budget is scrapped and it has now been merged…
14 January 2017
The Energy Efficiency Services Limited (EESL) and the Ministry of Power, Government of India has jointly launched the world’s largest Street Light Replacement Programme called the LED based Street Lighting National Programme (SLNP). Under the Street Lighting National Programme (SLNP), already a total of 15.59 lakh street lights have been replaced with LED bulbs. The States of Punjab, Assam, Tripura, Jharkhand, and many others are participants in this programme. The programme aims at saving power instead of subsidizing it. Saving electricity is a sustainable method and will help generations to come. This innovative initiative can save energy up to 20%…
13 January 2017
You are a very reputed and a famous businessman in your city. Your business is growing by leaps and bounds. You earn a lot of profit through your business. Earning money is a cakewalk for you. One day, a local goon of your area threatens you to give him some 10 lakh rupees as protection money. He also warns you of dire consequences to your family including your 7year old daughter. This goon, also in the past has committed violence to other businessmen in your area and nearby who failed to give him money. Due to lack of evidences, the…
13 January 2017
Paramilitary forces were raised to basically cater to internal security, though their role in recent times has diversified. They are now deployed to fight Maoists in LWE areas, protect VIPs, ensure free and fair elections and assist in the disaster administration in case of a natural calamity. In this light, the viral spreading of two videos from BSF and CRPF jawans points to a sordid picture. One of these has come from a BSF jawan which points out shortcomings in the food provisions for our troops, both in terms of quality and quantity. While the other deals with discriminatory treatment…
12 January 2017
Greenpeace Repot reveals heavy air pollution As per the latest Greenpeace Report, Indian cities are far from being healthy. More than 90% of the cities analysed in the document had very high pollution levels. Globally WHO (World Health Organisation) sets the standards for air pollution. These cities have not fared well on these, especially with respect to the particulate matter (PM 10 and PM 2.5). Delhi tops the list highlighting that much needs to be done to control air pollution. Here, the concentration of PM 10 was found to be almost four times to that of prescribed by National Ambient…
11 January 2017
MANIPUR BLOCKADE AND ASSOCIATED CONCERNS There has been an ongoing crisis in Manipur which has taken a communal colour owing to its multi-ethnic and multi-religious society. An indefinite blockade along Imphal-Dimapur road and Imphal- Silchar road has been imposed by United Naga Council (UNC), an apex body of Naga civil society organizations in Manipur state. Now, UNC is ready to discuss the matter with the government and the blockade may end in the near future. The blockade has resulted in severe shortage of items in the state. Central government too has sent its paramilitary troops to the state to ensure…
11 January 2017
NGOs under the radar once again A Supreme Court bench has ordered the Central government to conduct an audit of nearly 30 lakh NGOs who have received public funds, but haven't filed returns or audit reports. This raises probability of such organizations indulging in fund misappropriation. Earlier too, when this issue had come up, the government had gone for blacklisting of such NGOs but it is an unprecedented decision on part of Supreme Court to go this further. This is yet another case of Judicial Activism when Government's actions were found lacking. As per the top Court, NGOs found fudging…