The Hindu Decoded By Arpita Sharma 2nd JULY - 2018 PAPER
Pg1 GS3: GST monthly revenue will exceed Rs 1.1 lakh cr.: Goval State of GST collections 1. Revenue from the Goods and A look at State-wise total GST collection (CGST plus SGST) across the country shows Maharashtra topping the list with the highest collections, as of December 2017 Services Tax (GST) will exceed 1.1 lakh crore monthly, Finance Minister Piyush Goyal said adding that he expects about K13 lakh crore of revenue from the new tax regime over this financial year. There was scope for further rationalisation of the tax rates if tax compliance improved and the e-waybill system settled down Top five States Collections in crore Maharashtra 46,826.04 Uttar Pradesh 25,840.64 Karnataka 24,026.55 Tamil Nadu 23,325.05 2. Gujarat 18,206.58 175.3 23,3254 CRORE 46,826.0
Pg1 GS3: GST monthly revenue will exceed Rs 1.1 lakh cr.: Goval The Union Minister also went on to say that argue why a single tax rate under GST would be possible only in economies where the "entire population has a similar and a higher level of paying capacity", which is not the case in India. Finance Secretary Hasmukh Adhia, in his address, said the implementation of GST in India was a success because there was no impact on inflation, GDP growth, and "hardly any" impact on revenue collections. Goods and Services Tax (GST) " It is a destination-based taxation system " It has been established by the 101st Constitutional Amendment Act. " It is an indirect tax for the whole country on the lines of "One Nation One Tax" to make India a unified market. " It is a single tax on supply of Goods and Services in its entire product cycle or life cycle i.e. from manufacturer to the consumer. It is calculated only in the "Value addition" at any stage of a goods or services. The final consumer will pay only his part of the tax and not the entire supply chain which was the case earlier. There is a provision of GST Council to decide upon any matter related to GST whose chairman in the finance minister of India. " " "
What taxes at center and state level are incorporated into the GST? At the State Level a) State Value Added Tax/Sales Tax b) Entertainment Tax (Other than the tax levied by the local bodies) c) Octroi and Entry Tax d) Purchase Tax e) Luxury Tax f) Taxes on lottery, betting, and gambling At the Central level 1. Central Excise Duty 2. Additional Excise Duty 3. Service Tax 4. Additional Customs Duty (Countervailing Duty) 5. Special Additional Duty of Customs
Pg12 GS3: PM, Congress spar over single GST rate 1. Prime Minister Narendra Modi ruled out a single GST rate, saying a luxury car and milk could not be taxed at the same rate Accepting the opposition Congress's demand for a uniform 18% rate would lead to a spike in prices of food and other essential items, he said Responding to Mr. Modi's remarks, former Finance Minister P. Chidambaram said milk and other food items could be exempted from tax Mr. Modi said the GST had, within a year of its launch, led to an over 70% jump in the indirect taxpayer base, demolished check posts and merged 17 taxes and 23 cesses into one single tax 2. 3. 4, Pg1 GS1: A 216-foot-tall celebration of Ramanuia Context: A 216-foot-tall statue of Ramanuja will be built at Hyderabad. When unveiled, it is set to become the world's second tallest statue of a seated figure. Facts for Prelims: Currently, the Great Buddha of Thailand is the tallest statue, at 302-feet. Once the Ramanujacharya statue is unveiled, it will become the second tallest, a distinction now held by the Guanyin figure on Mount Xiqiao in China's Guangdong region, at 203 feet
About Ramanujacharya: 1. He was a Hindu theologian, philosopher, and one of the most important exponents of the Sri Vaishnavism tradition within Hinduism. 2. His philosophical foundations for devotionalism were influential to the Bhakti movement. He is famous as the chief proponent of Vishishtadvaita subschool of Vedanta. 4. 3. He wrote influential texts, such as bhasya on the Brahma Sutras and the Bhagavad Gita, all in Sanskrit. What's important? For Prelims and Mains: Ramanuja- important works and contributions, Vishishtadvaita. Pg3 GS2: 'Haryana privatising education' a) Indian National Lok Dal MP Dushyant Chautala accused the ruling BJP government in Haryana of b) Mr. Chautala alleged that as a first step towards privatisation, the contract for recruitment of C' and c) This anti-people and anti-education policy would adversely impact the right to equal opportunity in d) Mr. Chautala demanded that the State government withdraw this scheme or the Opposition would moving towards privatisation of education in the State. D' category employees in the Education Department has been outsourced. employment since the teachers will be recruited by the recruitment agency. approach the court.
What Are The Pros And Cons Of Privatization Of Education Introduction 1. India is one of the most populated country of the world where much of the population are very poor One of the important task of any Government is to provide education to all and improve the literacy rate of the country to march a head in the development of the country Till now our education system is mainly oriented on Government based public system Public education system primarily concentrate on giving education to large masses rather than giving importance to providing quality education Due to this, the quality of education in our primary, secondary and colleges fallen below the standards which gave scope for the private organizations to dominate over public education system at present. The situation has reached a stage where Government authorities are also believing that it is good for the Government to privatize education to reduce the burden in running the Government public education institutions at all levels. 2. 3. 4. 5. 6. 7. Now the question is, if such a thing happens, is it possible to implement Right to Education act provision which envisages right to free education to all which was passed in the Parliament in the year 2009
What Are The Pros And Cons Of Privatization Of Education What are the pros of privatization? 1. It provides quality education to our children because of the disciplined and efficient functioning of these institutes. 2. The institutes always look for up gradation of the technologies that what they use in their institutes so that they are always up to date to the present times. Public may feel happy because the time and money they spend on their wards may not get wasted 3. in any way. What are the cons of Privatization ? 1. Because of complete privatization rich, middle class and poor people have to depend on these private institutes for the education of their wards. This definitely affects the education system in India and many people cannot even complete their primary education as cost of the education in private institutions is not feasible for the poor or even for ordinary people. There will be a drop in percentage of education in higher, Degree and PG level of education. 2. Private institutions turn education institutions into private business firms and this makes the value of education go down. 3. At present the literacy rate in India is 70% and if complete privatization of education happens it reverts back to the old situation leading to the problem of illiteracy. 4. Privatization makes education costlier even for rich people
What are the alternatives for the Government regarding privatization of education? 1. Government has to follow present semi- privatization system so that government as well as Private institutions run simultaneously. Those people who afford to study in private institutions they can study and they can get the quality education. Government institutions aid in providing education to poor and it helps in improving the literacy rate which is so important for the development of a country. 2. If Government is serious about the strict and disciplined management of the educational institutions, once again public get attracted to these institutions and they become popular. If Government give value to the certificates got from Government institutions public start join in Government institutions only. This change will help the child to get education at a very low cost 3. If Government step towards complete privatization of education, it has to take several stringent measures to provide free education to poor and disadvantaged people of the society. In case, if complete privatization occur, Government has no need to spend any money on infrastructure, salaries for the staff, maintenance of schools etc. This money they can spend on for assisting private organisations in building their infrastructures and in maintenance of the institutes, providing education to all poor people by way of paying money through efficient money transfer system. This system will enable even the poor people of the society also to get quality education. This alternative approach will help the Government to provide quality education to all without spending anything from their pocket.
Conclusion 1. In one way privatization leads to improvement of quality education in our education system but on other hand it deprives free education to all now as it is envisaged in our constitution. Improvement of Government institutions in the present situation appears to be bleak The better option appears to be aiding private organizations by providing infrastructure facilities, basic amenities etc. by the Government which makes our education system work efficiently But to provide quality education to the poor also, Government has to adopt an efficient money transfer system as fees for the poor child to study private institutes 2. 3. 4.