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नवीनतम संदेश 250
2021-04-14 15:48:29 Sabka Vishwas
Sabka Vishwas is a legacy dispute resolution scheme notified by Government for closing pending disputes relating to legacy Service Tax and Central Excise cases. It is operationalized from 1st September 2019.
The two main components of the Scheme are dispute resolution and amnesty.
The dispute resolution component is aimed at liquidating the legacy cases of Central Excise and Service Tax that are subsumed in GST and are pending in litigation at various forums.
The amnesty component of the Scheme offers an opportunity to the taxpayers to pay the outstanding tax and be free of any other consequences under the law.
The most attractive aspect of the Scheme is that it provides substantial relief in the tax dues for all categories of cases as well as full waiver of interest, fine, penalty. In all these cases, there would be no other liability of interest, fine or penalty. There is also a complete amnesty from prosecution.
The objective of the Scheme is to free the large number of small taxpayers of their pending disputes with the tax administration.
2021-04-14 09:56:16Competition Commission of India
Competition Commission of India is a statutory body responsible for enforcing the objectives of the Competition Act, 2002.
CCI has been established by the Central Government with effect from 14th October 2003.
Composition A Chairperson and 6 Members appointed by the Central Government.
Duty of the Commission
To eliminate practices having adverse effects on competition.
Promote and sustain competition.
Protect the interests of consumers.
Ensure freedom of trade in the markets of India.
The Commission is also required to give opinion on competition issues on a reference received from a statutory authority established under any law and to undertake competition advocacy, create public awareness and impart training on competition issues.
The Competition Act
The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, follows the philosophy of modern competition laws.
The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and M&A), which causes or likely to cause an appreciable adverse effect on competition within India.
It is also known as the gavial or the fish-eating crocodile and is among the longest of all living crocodilians. They have a distinct boss at the end of the snout, which resembles an earthenware pot known as a ghara, hence the name "gharial". The gharial is found mostly in Himalayan rivers. The population of Gharials are a good indicator of clean river water. The gharial is known to be a relatively harmless, fish-eating species.
Protection Status:
IUCN List: Critically Endangered CITES: Appendix I Wildlife Protection Act, 1972: Schedule I Uttar Pradesh has released Gharials (Gavialis gangeticus) in the Ghaghara river for the conservation and protection in natural habitat. The National Chambal Sanctuary is located along river Chambal on the tri-junction of Rajasthan, Madhya Pradesh and Uttar Pradesh. It is known for critically endangered gharials, the red- crowned roof turtle, and the endangered Ganges river dolphin. Unlike Crocodiles, Gharials are very shy and unharmful species
2021-04-13 13:04:59 Drugs Controller General of India (DCGI)
DCGI under gamut of Central Drugs Standard Control Organization (CDSCO) is responsible for approval of licenses of specified categories of drugs such as blood and blood products, vaccines, IV fluids and sera in India.
DCGI lays down standards and quality of manufacturing, selling, import and distribution of drugs in India.
It acts as appellate authority in case of any dispute regarding quality of drugs.
It prepares and maintains national reference standard.
It brings about uniformity in enforcement of Drugs and Cosmetics Act.
It trains Drug Analysts deputed by State Drug Control Laboratories and other Institutions.
In the 2018 edition of Indian defence expo, ISRO released the astronaut’s space suit Gaganyaan(“Skycraft”) is (planned) India’s autonomous 3.7-tonne spacecraft designed to carry a 3-member crew to orbit and safely return to the Earth after mission duration of few orbits and up to seven days. The space vehicle is planned to be launched on ISRO’s GSLV Mk III in 2022. It is planned currently, an Indian astronaut, who is yet to be chosen, would be stationed at an altitude of 400 km from earth for 5-7 days. To maintain this altitude (which is very low compared to orbits which are parallel to equatorial plane which is 36000 km) one needs to orbit only in plane perpendicular to equatorial plane. The payload consists of a crew module and a service module. Based on the payload capability of the GSLV-III booster, the service module would have a mass of about 3 tonnes which being heavier needs cryogenic technology. The flight would take 16 minutes to reach its orbit and during the period of stay, the astronaut would carry out a series of experiments, particularly microgravity experiments. The descent would take 36 minutes as care would be taken to avoid heating up while heading back to earth. If successful, it would make India only the fourth member (after Russia, the US, and China) of an elite club of nations with indigenous manned space programmes.
The Odisha forest department has started a two-year conservation project for fishing cats in Bhitarkanika National Park. The fishing cat (Prionailurus viverrinus) is a medium-sized wild cat of South and Southeast Asia. It lives foremost in the vicinity of wetlands, along rivers, streams, oxbow lakes, in swamps, and mangroves. It is nocturnal and twice the size of a house cat and apart from fish also preys on frogs, crustaceans, snakes, birds, and scavenges on carcasses of larger animals.
Protection Status:
IUCN Red List: Vulnerable CITES: Appendix II Indian Wildlife Protection Act, 1972: Schedule I West Bengal launched the Fishing Cat Project in 2010 and declared the Fishing Cat as the State Animal in 2012.
Population of the majestic Asiatic Lion, living in Gujarat’s Gir Forest, has increased (from 523 in 2015 to 674 lions in recent count, up by almost 29%). The lion population in the state of Gujarat has doubled since 2001. The geographical distribution area for Gir forests’s lions has been increased by 36% (from 22,000 sq. km in 2015 to 30,000 sq. km in 2020). The count was estimated from a population observation exercise called Poonam Avlokan in place of the 15th Lion Census. Poonam Avlokan is a monthly in-house exercise carried out every full moon. It was a mechanism developed by the Forest Department in 2014 as part of preparations for the 2015 Lion Census.
Protection Status:
IUCN Red List: Endangered CITES: Appendix I Wildlife (Protection) Act 1972: Schedule I
Anthurium is one of the best domestic flowering plants in the world. It purifies the surrounding air and remove harmful airborne chemicals like formaldehyde, ammonia, toluene, xylene, and allergens.
Off-budget borrowings are loans that are taken not by the Centre directly, but by another public institution which borrows on the directions of the central government.
Such borrowings are used to fulfil the government’s expenditure needs.
But since the liability of the loan is not formally on the Centre, the loan is not included in the budgeted fiscal deficit.
This helps keep the country’s fiscal deficit within acceptable limits.
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