DAILY SUMMARY AND ANALYSIS OF THE HINDU in Hindi 20'th June,2017 Presented by Amit Baghel
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Anti-profiteering body to have wide powers The National Anti-Profiteering Authority, to be set up under the Goods and Services Tax (GST) regime, will have wide-ranging powers. It will be able to issue notices to anybody that it feels warrants a "fair enquiry" as per the rules finalised by the GST Council Powers of Authority eThe Authority will have the powers to order a reduction in prices impose a penalty, and even cancel the registration of a company deemed to have not passed on a tax rate reduction to consumers The rules, which are yet to be gazetted or made public, state that the Authority is to be chaired by either a retired High Court judge or a member of the Indian Legal Service who has at least three years of experience at the level of Additional Secretary or higher The rules mandate a three-step procedure, from the detection of anti-profiteering to the decision of the Authority. creation of a Standing Committee- The Standing Committee shall, on receipt of a written application... from an interested party or from a Commissioner or any other person, examine the accuracy and adequacy of the evidence provided in the application to determine whether there is prima-facie evidence to support the claim of the applicant. The Standing Committee, after reviewing the prima facie evidence, will refer the matter to the Director-General of Safeguards (DGS) for a detailed investigation. The DGS must complete its investigation within three months of receiving the reference from the Standing Committee, or furnish in writing reasons for a delay, which itself cannot exceed three months more. The Authority will have three months to issue its verdict following the investigation by the DGS, which means the entire procedure, from investigation to verdict, cannot exceed nine months The Authority shall, within a period of three months from the date of receipt of the report from the Director-General of Safeguards, determine whether a registered person has passed on the reduction in rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of a commensurate reduction in price
CIC says BCCI should come under the RTI Act Scorpene submarines to join Navy without AIP modules Contrary to expectations, the last two Scorpene submarines will roll out of the manufacturing line without the Air Independent Propulsion (AIP) system The Central Information Commission (CIC) has urged the Committee of Administrators (CoA) running the Board of Control for Cricket in India (BCCI) to bring the organisation under the RTI Act. The AIP module is not part of the original Scorpene contract but the Navy has been keen on having them fitted on the last two of the six Scorpene submarines being manufactured by Mazgaon Docks Limited (MDL) in Mumbai The latest order states that the Sports Minister had told the Lok Sabha in 2012 that BCCI was a National Sports Federation for cricket, which received thousands of crores towards tax concessions Thus it has to come under the RTI in order to remain accountable to the public. The AIP module is being developed by Defence Research and Development Organisation (DRDO) and was supposed to be installed before the submarines roll out. However, a delay in development seems to scuttle the plan, Benefits of AlP Module The module enables conventional submarines to stay remain underwater for a longer duration greatly increasing the submarines stealth characteristics. The CIC order states that in April 2010, the government had declared all the National Sports Federations (NSF)s receiving a grant of 10 lakh or more as a Public Authority under Section 2(h) of the RTL 2005 It lists the thousands of crores of tax exemptions the organisation received on its income. Project 751 With the Strategic Partnership model for procurement of key platforms finalised recently, the Navy is not keen on ordering any additional Scorpenes and instead fasttrack the tender for procurement of new line of submarines under Project-75l. The second line of submarines, which will be built in India, will be more advanced than the Scorpenes with AIP and missiles with land attack capability. They have a diverse set of submarines on offer which can be guickly customised for Indian requirements
India objects to BRICS supporting China's BRI India, Afghanistan open air freight route India and China are working together to find common ground ahead of the BRICS summit in September, despite their differences over docking the Beijing-led Belt and Road Initiative (BRI) with the grouping in the future. > Adding a new dimension to bilateral ties, India and Afghanistan inaugurateda The corridor which passes through the airspace of Pakistan was launched with a cargo aircraft flight flagged off by Afghanistan President Dr. Ashraf Ghani. At a conference of the political parties, think-tanks and civil society groups of the BRICS countries held in Fuzhou, Indian and Chinese delegates failed to arrive at a consensus that the five emerging economies should The Fuzhou conference, organised by the Communist Party of China,s widely seen as an important component in framing the outcome of the BRICS summit, which will be held in the Chinese coastal city of Xiamen Access to Indian markets The connectivity established through the Air Freight Corridor will provide Afghanistan, greater access The differences between the two delegations became evident when the text of the Fuzhou Initiative, released at the end of the conference, was changed, on the insistence of India India's economic growth and trade networks for its benefit Paragraph 14 of the first document's first version had commended "the Belt and Road Initiative proposed by China" for its "great significance for achieving development in developing countries..." However, since a consensus could not be achieved, the entire paragraph was dropped in the final version which was finally adopted at the conference Indian side, nevertheless, expressed its willingness to support individual connectivity projects, provided they wer not tied up with the BRI It would enable Afghan farmers quick and direct access to the Indian markets for their perishable produce
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UPSC 2018 mains; Doing 'The Hindu Newspaper Analysis' since June,2017. YouTube- Gurukul Prime.