Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained, pointwise

Introduction The government has recently introduced the Taxation Laws (Amendment) Bill, 2021, in Parliament. The bill seeks to nullify the contentious retrospective tax law by amending the Income Tax (IT) Act of 1961 and the Finance Act of 2012.  By the 2012 amendment, the government permitted itself to tax entities retrospectively in 2012, the government has so far made 17… Continue reading Retrospective taxation and the Taxation Laws (Amendment) Bill – Explained, pointwise

What India’s labour force survey actually says about employment

Sources: Livemint, The Indian Express and The Hindu Relevance: This article explains the recent PLFS survey and associated issues Synopsis: The Periodic Labour Force Survey (PLFS) has indirectly revealed deeply entrenched problems related to the quality of jobs being generated in the country Introduction The third annual round of the Periodic Labour Force Survey (PLFS) data… Continue reading What India’s labour force survey actually says about employment

Periodic Labour Force Survey and Unemployment in India- Explained, pointwise

Introduction The unemployment rate in India is always a reason to worry. Just before the Covid crisis at the end of the 2019-20 financial year, India had around 403.5 million employed people. But, during the second wave alone, India lost around 23 million jobs across formal and informal sectors as states and Union territories imposed… Continue reading Periodic Labour Force Survey and Unemployment in India- Explained, pointwise

Food security in India and its challenges- Explained, pointwise

Introduction With a reduction in COVID-19 infections as the second wave weakens in India, it is important to focus on the pandemic’s disruptive impact on the food security and livelihoods of the poor and marginalized. There was a ‘dramatic worsening’ of world hunger in 2020, much of it likely related to the fallout of COVID-19.… Continue reading Food security in India and its challenges- Explained, pointwise

India’s renewable energy plan of 175 GW by FY22-end faces multiple risks

Source: The Business Standard Relevance: There are certain problems associated with the renewable energy sector which is hurting India’s renewable energy targets. Synopsis:  India is now chasing its target of 450 GW of renewable power by 2030. However, several issues, including delays in the signing of power sales agreement (PSAs) stand in the way of realising… Continue reading India’s renewable energy plan of 175 GW by FY22-end faces multiple risks

How effective is the Ease of doing business index? – Explained, pointwise

Introduction India improved its global rank in the World Bank’s Ease of Doing Business Index (EoDB) 79 positions from 142nd in 2014 to 63rd in 2020. But despite this, India’s gross domestic product growth (GDP) rate fell more than 4 percent points between 2016 and 2019.  Similarly, private investment as a share of GDP also… Continue reading How effective is the Ease of doing business index? – Explained, pointwise

Hope fades for PSBs

Source: Business Standard Relevance: Resolving problems faced by PSBs Synopsis: Govt cannot keep infusing capital constantly. Hence privatization of PSB’s will be the ideal route. Background: Public sector banks (PSBs) are reported to have written off about Rs 8 trillion worth of loans over the last seven years. It is more than twice the Rs… Continue reading Hope fades for PSBs

For Cairns dispute, international arbitration is not the way forward  

Source: Indian Express Relevance: Various dimensions of the Cairn issue Synopsis: The recent move by Cairn to seize India’s sovereign assets has many grey areas of law that need due consideration. Background: Britain’s Cairn Energy Plc has secured an order from a French court authorizing the freezing of 20 Indian government properties in Paris valued at… Continue reading For Cairns dispute, international arbitration is not the way forward  

India improves score in ease of cross-border trade

Source – Live Mint Synopsis – India has improved its ease of cross border trade ranking, the overall score is higher than many OECD nations and the average of the EU. Introduction  India has made significant progress in the ease of cross-border trade as per the latest UN Global Survey on Digital and Sustainable Trade… Continue reading India improves score in ease of cross-border trade

Calculating the benefits of lockdowns

Source: The Hindu Relevance – Lockdowns due to Covid pandemic incurred a huge cost on the economy. This article highlights the same. Synopsis: The article questions the practicability or even desirability of protecting lives with the aid of lockdowns. Background Data show that as of now 26.2% of the world population has received at least… Continue reading Calculating the benefits of lockdowns