GST countdown [Q-CCA+Bill-?] Intro:- Goods and Services Tax Council has finalised the rates- July 1 deadline The Council has set the tax rate on gold, silver, diamonds and other jewellery at 3%. Footwear and readymade textiles- 5% for footwear below 500 and clothes below 1,000. Textiles, leather, diamonds and food processing already are- India s biggest employment engines Repercussions(नत ज ) of tax structure anomalies(व स गवतय ) can be felt hard and fast in a competitive global market. Low rates on gold and diamond can dampen( reduce) smuggling opportunities. Critical sectors such as 1)-Real estate, 2)-Electricity, 3)-Petroleum and 4)-Alcohol, GST in its current form is far from the One Nation, One Tax it purports to be.
Continue Kamal Haasan has threatened to quit cinema as it has been included in the 28% sin category. States have backed the demand that regional cinema be treated differently. Few pending items such as lotteries, and finalise rules pertaining to accounting and e-way bills. The Council is slated to meet again on June 11 to discuss these demands. The government is sticking to the July 1 deadline GST Network that would have to manage billions of invoices GST design can be corrected over time, but a hasty beginning could prove costly.
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European variation Intro:- With global politics in a flux, India must make a careful choice of coalitions it forges Germany, Russia, France, Spain- America s shifting policies Mr. Modi s first stop in Germany came a day after Chancellor Angela Merkel s strong comments aimed at President Donald Trump- Europe could no longer depend on traditional partners. Europe s disappointment with Mr. Trump at the 1)-G-7- The 43rd G7 summit was held on May 26 27, 2017-Sicily, Italy. 2)-NATO summits- Dates: 24 May 2017 25 May 2017- Location: Brussels, Belgium Three-fold: 1)-Collective defence-nato 2)-His warning on the trade deficit with Europe; and 3)-Expected decision to pull America out- Paris Agreement on climate change.
Continue For the past few months India has faced a similar disappointment as the U.S. has forged 1)-Closer ties with China, 2)-Indicating what Mr. Modi called a loosening of the world order, 3)-Targeted Indian professionals and businesses to protect American jobs. 4)- Another blow came from Mr. Trump s comments on the Paris Accord-blamed India and China Mr. Modi s meetings with Ms. Merkel and subsequently Spanish Prime Minister Mariano Rajoy and French President Emmanuel Macron saw those issues raised one way or another, As they tried to explore new ways to cooperate on multilateral issues, 1)-Including terror, 2)-Trade and 3)-Climate change.
Conclusion India-EU free trade talks for the Broadbased Trade and Investment Agreement would resume soon- EU-India summit in Delhi this year. It cannot be ignored- Chinese Premier Li Keqiang s visit to Berlin and Brussels, also last week, saw the EU repose much more faith in Beijing than New Delhi- current Sino-Indian tensions. European leaders praised President Xi Jinping s leadership on connectivity and climate change. Mr. Modi s attendance at the St. Petersburg International Economic Forum to unveil a new India- Russia vision statement for the 21st century. This week as Mr. Modi travels to Kazakhstan to formalise India s membership of the Shanghai Cooperation Organisation,(Russia, China and Central Asian states) seen as a counter-nato The Centre must undertake a full review of India s priorities and interests before Mr. Modi heads to Washington for a meeting with Mr. Trump at the end of June. Standing at a crossroads few had expected at this stage, India will have to consider its options carefully
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The economy in the time of Narendra Modi Intro:-Modifests to celebrate the completion of three years in power the citizen would be interested in knowing how their government has performed in respect of the economy. Once he became Prime Minister, he quickly presented his idea Manufacturing was to be the key and Make in India Market economy income generation depends upon making something. Indian agriculture is overcrowded- With shrinking farm size. Make in India is eminently sensible of itself- But how successful has this initiative been? Performance since 2014 does not match what has been achieved in the last boom in India, which was obtained during 2003-08. During this period, for the first time in decades, manufacturing had led the growth acceleration in the economy. Most of these years, annual growth of manufacturing had exceeded 10%, which has not been matched since.
Continue Interestingly, the performance of this sector in the last three years is not superior even to that at the tail end of (UPA) II. Clearly, Make in India is yet to fulfill its promise. Private investment, seen as the bellwether of an economy, has not been forthcoming despite this government s businessfriendly orientation. At a time of declining private investment the prudent(व क) thing for a government to do is to raise public investment- This has not happened on anything Two of the past three years have been years of very poor agricultural GDP growth, with the figure actually negative in 2014-15.
Continue Impact of demonetisation- Claims made have been the ending of corruption and tax evasion. Immediate slowing of growth in the formal sector of the economy. Relatively high Cash-to-GDP ratio, such as Japan and Switzerland,-Japan the said ratio is 50% higher than in India- No one thinks of Japan as backward. Demonetisation, has the government caused output loss without clear gains elsewhere in the economy? Three years later- standard indicators show no sign of his government bucking(oppos) the trend. Economic Survey that growth had began to rise and inflation fall before 2014.
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Continue Page-1,10- Women to get combat(य द ध) role in Army: Gen. Rawat In a transformational move, the Army is all set to open up combat positions for women, a gender barrier broken by only a few countries. I am looking at women coming as jawans. I am going to start it soon. The roles of military police include policing the cantonments and army establishments, prevent breach of rules and regulations by soldiers, maintaining movement of soldiers as well as logistics during peace and war, handling prisoners of war and extending aid to civil police whenever required.
Continue Page-3-1,000 houses lost due to river bank erosion
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Continue Page-11-New rile ready, but Army holds fire The Ordnance Factory Board has developed a new 7.62-mm assault rifle for the Army, which will begin trials of the weapon in June. But the Army remains unenthused about the gun and is going ahead with a global tender for procuring new rifles.
Continue Page-Aadhaar must for kerosene subsidy, Atal Pension Yojana Under the pension scheme, a subscriber gets a minimum pension of 1,000 to 5,000 a month, depending on contributions made, from the age of 60.
Continue Page-13- Commerce Ministry to redefine focus The Ministry s move to ensure greater attention to FTP(Foreign Trade Policy) formulation and trade talks assume significance as it comes at a time when India s goods and services exports are being impacted by rising incidents of protectionism across the world as well as trade disputes and weak global demand. Export target India s overall exports (goods and services) of $900 billion by 2019-20 is unlikely to be achieved and that it should be scaled down to $700-750 billion.
Continue Page-13- Textile industry welcomes GST rates A uniform rate of 5% under Goods and Services Tax (GST) for the cotton textile industry is expected to give a boost to the sector. Consumers will not be affected much as the industry already had 12.5% tax for branded garments Page-13- Time you got out here, Elon, says Mahindra in a tweet India is the largest market for solar, says Tesla CEO A tweet by the CEO of Telsa, Elon Musk, about India s ambitious plan on the electric car Centre has said that India will only have electric cars run on its roads by 2030. The Mahindras are the only carmaker in India to sell electric vehicles. e2o and the e-verito- Mahindra Electric has already invested 6 billion in electric vehicles.
Q- Ans "MORA" Cyclone Area effected - Bangladesh,Shrilanka,Andaman & Nicobar,Northeast India