India and neighbors CPEC: the need for a second look by India: (Live Mint, Editorial)
- New Delhi should open negotiations with the Chinese to explore if CPEC can be extended west to Afghanistan and east to India.
- Would China buy into this narrative? And could it persuade Pakistan to comply?
Effects of developed and developing countries policies
Qatar’s isolation: (The Hindu, Editorial)
- The recent diplomatic rift between Qatar and other Arab states, like Saudi Arabia, Bahrain, UAE and Egypt has again highlighted the geopolitical significance of the region beyond the oil factor.
- It emerged as a result of an allegation that the small gas-rich country supports and funds terror through its support of Iran and Muslim Brotherhood, a Sunni Islamist political group outlawed by both Saudi Arabia and the UAE.
Indian Economy. Planning, Growth and Employment
Put off GST rollout to Sept. 1, Aviation Ministry: (The Hindu)The Ministry of Civil Aviation has asked the Ministry of Finance to postpone the rollout of the Goods and Services Tax (GST) from July 1 to September 1 as some domestic airlines, including national carrier Air India, have expressed their inability to switch to a new tax regime soon. GST storm brews in services sector: (The Hindu) With just 15 days remaining for the rollout of the new tax regime, experts have raised a red flag over challenges faced by the services sector in moving to the Goods and Services Tax system. Nod for Insolvency Bill for financial entities: (The Hindu) The Union Cabinet on Wednesday approved the introduction of a new Bill to resolve bankruptcy cases affecting financial sector entities, including banks and insurance companies. India aims to lift ‘doing business’ ranking: (The Hindu) India is banking on major reforms it carried out in areas such as ‘starting a business’ and ‘dealing with construction permits’ to significantly improve its ranking in the next edition of the World Bank’s (ease of) Doing Business report. Cropping pattern, Agriculture, e-technology Cabinet clears 5% interest subvention for crop loans: (The Hindu)
- Amid growing protests over farm sector distress, the Cabinet has approved the extension of the interest subvention scheme for farmers to 2017-18.
- Short-term crop loans up to Rs. 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%.
- India faces not just a farmers’ crisis, but a serious meltdown of farming families.
- We need a multi-pronged strategy to help both resource-poor farmers and the educated better-off ones.
- Rules regulating animal livestock markets are legally and constitutionally sound.
- Parliament enacted the Prevention of Cruelty to Animals Act, 1960, Section 38 whereof empowers the Central Government alone to make rules.
Prelims Related News
- With an average of nearly 1,000 injuries a year, the wildlife in Thar desert has witnessed 60% mortality because of lack of transport to the main rescue centre at the Jodhpur zoo.
- This has led to the depletion of wildlife, mainly chinkaras (Indian gazelles).