GST Council: It is an apex member committee to modify or to procure any law or regulation based on the context of goods and services tax in India. The council is headed by the union finance minister assisted with the finance minister of all the states of India. SBIFMPL: It is a joint […]
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1) Sub Categorisation in Reservation: Context: Supreme Court constitutional bench led by Justice Arun Mishra held that States can Sub-classify among scheduled caste and Scheduled Tribes in the central list to provide preferential treatment the weakest of the weak. Reservation has created inequalities within the reserved castes itself, there is a caste struggle within
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GST: The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted to the government by the businesses selling the goods and services. Article 246A – States have power to tax goods and services.
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1. Agriculture marketing reforms: Context: Recent reforms have brought change in agriculture policy through 3 ordinances: The ordinances are Removal of restrictions under the essential commodities act, 1955 Farmers can now go out of APMC mandis and sell their produce Promote contract farming The removal of restrictions under the essential commodities act,1955, ECA a
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The Export Preparedness Index: It is a data-driven effort to identify the core areas crucial for export promotion at the sub-national level. All the states and union territories have been assessed on crucial parameters that are critical for any typical economic unit to achieve sustainable export growth. The Index would be a helpful guide
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