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NotesWhat is single-use plastic (SUP)?SUP is plastic produced and designed to be thrown away after being used only once. By that definition, a large number of products fall in the category. These include everything from a disposable straw to a disposable syringe. India has defined SUP as “a plastic comm
Publish Date 14, Oct 2021
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What is Input Tax Credit (ITC)?GST Network has said it has blocked Rs 14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the Goods and Service Tax.Background:The government had introduced Rule 86A in GST rules in December 2019 giving powers to taxmen to block the ITC available in
Publish Date 14, Oct 2021
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The Malabar Exercise of Quad nationsThe US recently said that the scope of the multi-nation Malabar exercise in terms of more like-minded navies taking part in the drills could expand in future. And it was for the Quad partners to discuss the possibility of an expansion.Background:India, the US, Japan and Australia
Publish Date 14, Oct 2021
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The G-20 Anti-Corruption Working GroupThe G20 Anti-corruption Working Group, which for the first time includes sport as a specificity within its mandate, has reached consensus on the draft high level principles on Preventing and Combating Corruption.About ACWG:Established by G20 Leaders a
Publish Date 14, Oct 2021
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International Energy Agency (IEA) in IndiaThe International Energy Agency (IEA) has invited India, the world’s third-largest energy consumer, to become its full-time member.Implications:The proposal if accepted will require New Delhi to raise strategic oil reserves to 90 days requirement. India
Publish Date 14, Oct 2021
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Right to Informtion Pending pleasA report on the Performance of Information Commisions in India, 2021 was recently released.Key findings:CIC has three vacancies left and has not functioned at its full strength of 10 Commissioners.There were delays in disposing of cases due to both shortage of personnel a
Publish Date 14, Oct 2021
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National Financial Reporting Authority (NFRA)Coming out strongly against certain recommendations made by NFRA, chartered accountants’ apex body ICAI has said the watchdog does not have jurisdiction over micro, small and medium companies.Background:This observation comes less than two weeks afte
Publish Date 14, Oct 2021
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Rajasthan’s Marriage Registration Amedment BillThe Rajasthan government has rolled back the Rajasthan Compulsory Registrations of Marriage Amendment Bill, 2021, after it got embroiled in controversy for making it mandatory to register all marriages, including those of minors.Key Provisions of the Bill:The Bill soug
Publish Date 13, Oct 2021
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Kalapani Dispute in UttarakhandNepalese political parties have a general consensus over the fact that Kalapani in Uttarakhand is part of Nepal’s sovereign territory, said former Nepalese Foreign Minister. However, India rejected this claim.Where is Kalapani located?Located in the easte
Publish Date 13, Oct 2021
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Iran makes more 20% enriched uranium than watchdog reported:Iran has produced more than 120 kilograms (265 pounds) of 20% enriched uranium, far more than what the U.N. nuclear watchdog reported last month.Background:In September, the International Atomic Energy Agency said Iran’s stockpile of uranium en
Publish Date 13, Oct 2021
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