DAILY SUMMARY AND ANALYSIS OF THE HINDU in Hindi 16'th June,2017 Presented by Amit Baghel
ABOUT ME Computer Science graduate from JIT, Noida Work experience of 2+ years in MNC Writer by passion, newbie in guitar and civil service aspirant Interest: Music, reading non fiction and watching TV series
Bid to remove Justice Reddy fails again Disability rights groups protest GST For the second time in six months, a motion to introduce proceedings to remove Justice C.V Nagarjuna Reddy of the Hyderabad High Court ha:s failed The GST Council has proposed to levy GST ranging from 5% to 18% on a range of equipment used by PWDs Many of the items are beyond the reach of the common PWD, and levying GST on them Nine of the 54 members of the Rajya Sabha, who had proposed the initiation of proceedings against him, have withdrawn their signatures Justice Reddy has been accused of victimisinga Dalit junior civil court judge which obliges the State to provide all aforesaid assistive devices, equipments and Braille books to persons with disabilities either free or at affordable cost. The government has proposed a GST of 18% on Braille typewriters, 12% on hearing aids, 12% on Braille watches, and 5% on wheelchairs, crutches, and artificial limbs It require an address to the President by a special majority of both Houses of Parliament, cannot be nek nbas oa he Ralva Sabha or 100 me wheelchairs, crutches, and artifical imbxs 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 for the removal of the judge
India moves up six places to rank 60 in Global Innovation Index 1 Government unveils tit-for-tat public procurement policy India's position in the 2017 Global Innovation Index has moved up six ranks from last year to 60. The country has also proven itself to be the rising innovation centre of Asia by taking the top spot in central and southern Asia. Entities from countries where Indian suppliers are not allowed to participate or compete in bids for government procurement, may be restricted or excluded from public procurement tenders n India., The Global Innovation Index (GII), co-authored by Cornell University, French business school Insead and the World Intellectual Property Organization (WIPO), surveys 127 economies, indexing their innovative activity by using metrics like patent filings, education spend and market sophistication Such a provision, relating to "reciprocity," has been included in the Indian government's new policy to encourage Make in India' by granting preference to nt. India's most improved scores in the 2017 report are in infrastructure' and 'creative outposts If a nodal ministry is satisfied that Indian suppliers of an item are not allowed to participate and/or compete in procurement by any foreign government, it may, if it deems appropriate, restrict or exclude bidders from that country from eligibility for procurement of that item and/ or other items relating to the nodal ministry," according to the Public Procurement (Preference to Make in Switzerland takes the top spot for the seventh consecutive year, followed by Sweden and the Netherlands,
Builders told to pass on GST benefits The Central Board of Excise and Customs on Thursday warned builders to refrain from hoodwinking customers by claiming that the GST rate of 12% that applies to them will be levied on the original cost of the building 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 5.5% or pay 12% on any payments made after July 1, which is when GST is expected to be rolled out. This, the tax authority said, is against the GST legislation. Example Suppose you buy a flat for Rs. 1 crore. The builder charges 4.5% service tax, and 1% composition. So, that's Rs. 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 Rs. 95 lakh and Rs. 5 lakh were the input costs. Using the same example, in GST, the cost of the builder will be Rs. 95 lakh, but the Rs. 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 Rs.95 lakh and then the customer has to pay the 12% GST on that Rs. 95 lakh. But what the builders are trying to do is tell the customers that since they have already agreed to pay Rs 1 crore for the flat, the 12% tax will apply on that Rs.1 crore and not on the new cost of the flat, which is Rs. 95 lakh
THANK YOU RATE, REVIEW AND RECOMMEND You can find me at https://unacademy.com/user/AmitBaghel can find me at httos:/Lunacademy.com/user/AmitBaghe
UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.