India’s proposed GST 2.0 is being framed as the biggest reform to the indirect tax system since 2017: India’s upcoming GST 2.0 announcement, slated for implementation by Diwali, is being widely promoted in the media as a “Diwali gift”—a measure to reduce burdens on everyday consumers. Prime Minister Modi’s Independence Day speech has already prompted headlines calling it “a brighter gift of simpler taxes” and a “gamechanger” for GST.
TK ARUN Visible rates have been cut, while rates whose impact is not directly observable by the consumer have gone up; indirect taxes have been made even more indirect. Most of us have heard the tale of the mouse that…
Policy UpdateDevshi Satish Mishra What is meant by “Circular Economy”? The circular economy is a system that could be understood as a move towards sustainable development. It is a system wherein materials are fully utilised, which allows nature to be…
President Donald Trump signed an executive order earlier this month, imposing an additional 25% tariff on India for its imports from Russia, thereby raising the total tariff level to 50%. This World Trade Organization (WTO)-inconsistent tariff, whose implementation was notified by the Trump administration on Tuesday, is going to heavily affect India’s $48.2-billion merchandise exports to the US. The merchandise exports account for almost 60% of India’s export to the US. The US has already raised the tariffs for all other trade partners with a variation between 10% to 50%.
Unregulated and accelerated urbanization has fueled the expansion of unauthorised colonies, particularly in major metropolitan areas. The issue is especially pronounced in Delhi, where large numbers of migrants have settled over the years without access to formal housing options. The significant consequences faced by residents living in unauthorised colonies: they do not own the land on which they live, and they cannot legally transfer it; and the service provisioning is usually insufficient. Nearly one-third of Delhi’s population resides in such colonies, which are deprived of civic amenities and secure tenure.
The Fund of Funds for Start-ups (FFS), managed by the Small Industries Development Bank of India (SIDBI), was launched on January 16, 2016, under the Start-up India Action Plan to address critical gaps in India’s early-stage finance landscape. With an initial corpus of ₹10,000 crore, the scheme aims to foster innovation-driven enterprises by contributing to SEBI‑registered Category I and II Alternative Investment Funds (AIFs).
Money Laundering has its meaning in the term ‘launder’ which originates from the term ‘laundromats'—these were used as a front by crime syndicates for illegal activities. As laundromats clean our dirty clothes, money acquired through illegal activities is laundered and pushed into the economy as coming from a legitimate source.