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16th June 2017: Daily News Analysis
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Daily News Analysis- Anti Profiteering clause in GST explained.

Jatin Verma is teaching live on Unacademy Plus

Jatin Verma
Have appeared in UPSC CSE thrice. Have been taking Unacademy Plus courses Academics- Polity, Economics & Current Affairs.

U
Unacademy user
thank you sir for such a good analysis
hey Jatin if possible please do the daily analysis in two videos but never compromise on the detailing aspect of the analysis. The way you provide the build up of any news and then go for the explanation of the current development not only it helps in internalizing the news but also helps us to inter connect and retain the stuff for longer period. So my humble request do the detailing as much as possible.thanks a lot
I have doubt sir ,...I follow only the news from ur unacademy and make notes form it. is that enough for daily or should I refer Hindu more more news ?
Jatin Verma
2 years ago
I cover whole newspaper. Still, you have to decide for yourself.
Vr
Vishalini ragala
2 years ago
Hello sir, where can I find news summary in English ? Can you please give me the link.
Jatin Verma
2 years ago
Hi, Kindly enroll yourself in this course so as to get future updates. https://unacademy.com/lesson/16th-june-2017-daily-news-analysis/N79PH9OP?source=Course
Vr
Vishalini ragala
2 years ago
Wow quick reply. Thank you sir. Ua so kind. :)
Geeth vani
2 years ago
Hi sir...Great work and ur video s helping me analyse issues...But im unable to find all ur editorial videos..Can u plz add link In description box which appear on ur video...
Khushboo jain
2 years ago
https://unacademy.com/user/studiousjatin/courses all courses of jatin sir are available on this page. also select the enroll option on the top right corner to get latest updates posted by sir. Hope it'll help.
Khushboo jain
2 years ago
direct link for editorial: https://unacademy.com/course/hindi-the-hindu-daily-editorial-analysis-for-june-2017-717/KKCP6XWO
Shipla puri
2 years ago
Sir I have enrolled for this but sir (English) but not recieved notifications. Can u fix time in morning for this session .
Vr
Vishalini ragala
2 years ago
Yeah, same problem with me, unable to receive English news notifications
Sir, as you've mentioned on Page 7 Former CJ PN Bhagwati passed away. In the newspaper it is given nowhere.
Jatin Verma
2 years ago
http://www.thehindu.com/news/national/former-cji-p-n-bhagwati-passes-away/article19077566.ece
Aditya Singh
2 years ago
Sir i am currenly doing my engineering from Panjab University, Chandigarh(Mechanical) kindly provide a vedio on how to start preparing for UPSC. Some strategy for those who coming from techincal background to non-technical. I hope this would help me as well as others too. I am following you since you had been working on Study IQ on youtube channel. Your vedios are just awesome and ananlysis is in apple-pie order.
Tk
Talib khan
2 years ago
sir when you upload the video daily.can you give me the exact time please
Pallavee pandey
2 years ago
sir aapka editorial kha pe rhta h
S
Swethareddy
2 years ago
All the best jatin
All the best sir for tomorrow preliminary exam
Rishi Yadav
2 years ago
sir, I would like to know that current affairs session on unacademy is sufficient or do we still need to go for a newspaper.
Hi sir I would like to start teaching from unacademy platform. Is there is any way to teach from PC witout going for an android phone?
Suchi Srivastava
2 years ago
How was your exam sir @jatin sir
the justice c.v.narayan is in motion means is he still on the post of justice otherwise who will be discharging his duties? any one who knows answer pls do reply thanku
request you to focus exhaustively on news analysis as no time left for watchin editorial ...plz cover the editorial crux or main points in news video itself while discussin editorial related news
  1. Daily The Hindu News Analysis June l6, 2017 By Jatin Verma Educator Unacademy unacademy For Editorial Analysis & English video,Visit my Unacademy Profile- https://unacademy.com/user/studiousjatin


  2. Page l: Bid to remove Justice Reddy fails again [G.S. Mains Paper-2: Polity] For the second time in six months, a motion to intro- duce proceedings to remove Justice C.V Nagarjuna Reddy of the Hyderabad High Court has failed. Nine of the 54 members of the Rajya Sabha, who had proposed the initiation of proceedings against him, have withdrawn their signatures. . Proceedings to remove a judge, which require an ad- dress to the President by a special majority of both Houses of Parliament, cannot be initiated without the signatures of at least 50 members of the Rajya Sabha or 100 members of the Lok Sabha. . If such a motion gets admitted in a House, a three-member committee investigates the charges. If it finds the judge guilty of misbehaviour or incapacity, the House in which the motion was initiated, must pass it with a two-thirds majority, followed by a similar passage by the other House. [Article- 124(4):217] Question: If such judges are being appointed through collegium process, that means something is amiss with collegium and if that is the case, why did Judiciary repeal NJAC in Oct. 2015?


  3. Page l:Centre for tripartite talks on Gorkha unrest. The Centre has called for tripartite talks with West Bengal and the Gorkha J (GJM) on June 19 to end the current phase of violence in the hill district of Darjeeling The GJM, however, told Union Home Minister that it would participate in the talks only if its demand for a separate State for the Gorkhas was addressed. Centre's help sought . The GJM. however, told Union Home Minister that it would participate in the talks only if its The GJM also sought the Centre's intervention to bring back peace in the district and "foil" the State government's attempt to make Bengali mandatory in schools. The State government has requested the Centre to postpone the talks. Why the current spell of Violence: [1] Teaching Bengali in Schools pretext [2] Development Boards for welfare of Tamangs and Lepchas. ts attempt to make Bengali mandatory in schools. The State government has For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin For Daily News & Editorial Analysis you can follow me on Unacademy https:/lunacademy.com/user/studiousjatin


  4. . Page l :Govt.tomeet activistsagain-on-G M mustard. . The Genetic Engineering Appraisal Committee (GEAC), India's regulator for genetically modified seeds, had on May 12,2017 cleared GM mustard for environmental release and use in fields. . Though it was cleared by scientists, the Environment Minister's approval is required. Before his death on May 18,Anil Dave, the then Minister, was deliberating on the GEAC's report and the future course of action. Dhara Mustard Hybrid (DMH -11), the transgenic mustard in question, has been developed by a team of scientists at Delhi University GEAC had cleared Bt Brinjal in 2010, but its decision was blocked by the then Environment Minister. RIL-BP to invest $6 billion in Krishna Godavari basin.


  5. Page 7: Former Chief Justice of India P. N. Bhagwati, considered a pioneer of judicial activism died. . As a supreme court judge, Bhagwati introduced the concepts of PIL and absolute liability to the Indian judicial system. He is therefore held to have pioneered judicial activism in the country Habeas corpus case: A controversial judgment of Bhagwati was in the ADM Jabalpur v. Shivkant Shukla case (popularly referred to as the ADM Jabalpur case or the habeas corpus case) where he decreed that during Emergency, a person's right to not be unlawfully detained (Habeas Corpus) can be suspended. This judgment received a lot of criticism since it reduced the importance attached to Fundamental Rights under the Indian Constitution. . Bhagwati later agreed with popular opinion that this judgement was short-sighted and apologised" for the same.


  6. Page 1 1: [l] Disability rights groups protest GST.[GSP-2: Welfare] The GST Council has proposed to levy GST ranging from 5% to 18% on a range of equipment used by PWDs. Pointing out that many of the items are beyond the reach of the common PWD, the note stated that levying GST on them "militates against the spirit and man- date of the Rights of Persons with Disabilities Act, 2016, which obliges the State to provide all aforesaid assistive devices either free or at affordable cost. [2] India refutes Pak.claims of Russian mediation.[GSP-2: I.R.] Moscow's position on Indo-Pak. talks remains 'unchanged" The differences between Islamabad and New Delhi should be resolved by them on a bilateral basis in accord- ance with the provisions of the Shimla Agreement of 1972 and Lahore Declaration of 1999 For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin For Daily News & Editorial Analysis,you can follow me on Unacademy https//unacademy.com/user/studiousjatin


  7. Page 12: International News- No confidence' in C M Wigneswaran. A group of Provincial Council members revolts against Chief Minister of Northern Province


  8. Page 13: Business News- Builders told to pass on GST benefits, Anti- Profiteering section 17 The CBEC said that it has received reports that builders are forcing customers to pay the entire cost of the flat before July 1 and pay the current tax rate of 55% or pay l 2% on any payments made after July I . Suppose you buy a flat for crore .The builder charges 4.5% service tax, and 1% composition So, that's 5.5 lakh in tax. . However, the builder was buying inputs on which there was excise duty and VAT, and there was no credit on this. When he factors this in, then, say that his cost of building the flat was 95 lakh and 5 lakh were the input costs. -Using the same example, in GST the cost of the builder will be 95 lakh, but the 5 lakh that is excise and VAT on inputs will no longer be a cost. So, ideally, he should say the cost of the building is 95 lakh and then the customer has to pay the 12% GST on that 95 lakh. But what the builders are trying to do is tell the customers that since they have already agreed to pay crore forthe flat, the 12% tax will apply on that l crore and not on the new cost of the flat, which is 95 lakh.


  9. VAT @ 1 2% Earlier. No input Tax credit was given to builders Old System: Rs. 95 Lac Cost of construction plus 5 lakh taxes on raw material:Total cost for customer 1 Crore. Builders version-1 crore + 12% GST= 1 crore 12 lakh [After 1st July] GST System: Now Under GST, 95 lac cost 12% GST = Tax incidence Rs.11 ,40,000 Total cost for customer 95 lac plus 11.40 Lac = Rs.1 crore 6 Lac Anti-Profiteering


  10. For Daily News & Editorial Analysis,you can follow me on Unacademy httpsl/unacademy.com/user'studiousjatin