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Category: current affairs

CURRENT AFFAIRS – 15/06/2023

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The next Finance Commission will have a tough task Duvvuri Subbarao is a former Governor of the Reserve Bank of India The government will appoint a Finance Commission in the next few months to determine how much of the Centre’s tax revenue should be given away to States (the vertical share) and how to distribute that among States (the horizontal sharing formula). In the pre-reform period, the Finance Commission recommendations were not that critical because the Centre had other ways to compensate States, or indeed to play favourites, through plan financing and public sector undertaking (PSU) investments. Post-reforms, fresh PSU…

CURRENT AFFAIRS – 14/06/2023

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Tax law in the shadow of the higher judiciary Suhrith Parthasarathy is an advocate practising in the Madras High Court India’s law of taxation is built on two central precepts. First, on the idea captured in Article 265 of the Constitution, that a tax may be imposed only with the authority of law. Second, on a principle of sureness, that any levy ought to be clear, consistent, and predictable. Both these precepts emanate out of a larger commitment to the rule of law, in particular to values of legality and certainty. A reversal of judgments Upholding these principles requires a…

CURRENT AFFAIRS – 13/06/2023

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Wrestlers’ protest and the shrinking space for dissent Zoya Hasan   is Professor Emerita, Centre for Political Studies, Jawaharlal Nehru University Public protests have long served as a catalyst for social and policy change in India, allowing individuals, classes and communities to voice their grievances and advocate for their rights. Over the past few years, protests have risen with bewildering rapidity. Protests had opened up space for a new era of social activism in the decade that the Congress-led United Progressive Alliance (UPA) government was in power. The Bharatiya Janata Party-led National Democratic Alliance (NDA) government too has faced considerable…

CURRENT AFFAIRS – 12/06/2023

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Embracing nature’s warmth: A herd of sambar deer resting by a pond in the Mudumalai Tiger Reserve. Good rainfall in the past three weeks in the reserve has garnished the surroundings with greenery.M. Sathyamoorthy   Facts about the News Sambar Deer:  Sambar is a large deer species native to the Indian subcontinent and Southeast Asia. They are primarily found in forested areas, including both deciduous and evergreen forests. They are highly adaptable and can also be found in grasslands, swamps, and even coastal areas. They are known to thrive in a variety of habitats, from sea level to high altitudes.…

CURRENT AFFAIRS – 10/06/2023

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The necessity of electricity distribution companies Ajay Shankar is Distinguished Fellow, the Energy and Resources Institute (TERI) and a former Secretary, Department of Industrial Policy and Promotion (DIPP), Government of India The Electricity Act 2003 provided the framework for the dismantling of the State Electricity Boards and the separation of generation, transmission and distribution into separate companies. Electricity generation was delicensed, while transmission and distribution remained licenced and regulated activities. Promoting competition, protecting consumer interests, and the supply of electricity to all were key objectives of the legislation. Under the new regime, a competitive industry structure in generation has evolved.…

CURRENT AFFAIRS – 09/06/2023

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Getting railway safety back on track after Odisha Sudhanshu Mani is a retired General Manager, Indian Railways, creator of Train 18/Vande Bharat, and an independent rail consultant There have been innumerable television debates following the train accident involving the 12841 Shalimar-Chennai Coromandel Express, the 12864 Sir M. Visvesvaraya Terminal Bengaluru-Howrah Superfast Express and a goods train at Bahanaga Bazar station in Balasore district, Odisha, on the evening of June 2. But the key question that many panellists have failed to address convincingly, barring the familiar platitudes, is about how the Indian Railways can work to ensure that such catastrophes are…

CURRENT AFFAIRS – 08/06/2023

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Tackling the human-dog conflict Alokparna Sengupta is an animal advocate with over 15 years of experience and Managing Director of Humane Society International/India Dogs have evoked different emotions in people for hundreds of years. You can hate them or love them, but you cannot ignore them. Over the past few decades, for example, the growing population of street dogs has posed increasing challenges for municipalities and cities across the country. With so many interest holders and their beliefs, it has been difficult to discuss the issue as many emotions are involved. The cynicism of some stakeholders has even led to…

CURRENT AFFAIRS – 07/06/2023

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A global order as technology’s much needed pole star Amar Patnaik is a Member of Parliament, Rajya Sabha from Odisha; a former CAG bureaucrat and an advocate Ever since the Dot-com bubble burst in 2000, the rapid scale and pace of development of technology have, radically and disruptively transformed our societies and daily lives. While there is no denying that this has made life easier, it has also thrown up complex challenges that call for a revisit of some fundamental notions in polity and governance. Challenges to notion of nation-state First, as defined by political theorists, a nation-state is a…

CURRENT AFFAIRS – 06/06/2023

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Eye on oil India must bring pump prices of petrol and diesel in line with global oil prices The world’s largest grouping of crude oil producers, commonly known as OPEC+, agreed on Sunday to extend ongoing production cuts into 2024 as it seeks to keep oil prices from falling amid concerns about a global economic slowdown. OPEC major and leading producer Saudi Arabia also voluntarily vowed to reduce output by an extra 1 million barrels per day (bpd) in July, sending international oil future contracts higher on Monday. The more than 20-nation OPEC+ bloc, which has been striving to curtail…

CURRENT AFFAIRS – 03/06/2023

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International trade has a carbon problem Prabhash Ranjan teaches at the South Asian University. Views are personal The European Union’s (EU) key climate law, the Carbon Border Adjustment Mechanism (CBAM), has spooked India. New Delhi fears that CBAM will cripple the export of its carbon-intensive products to the EU. While India’s exports may be limited to aluminium, iron, and steel, and affect only 1.8% of its total exports to the EU, India has reportedly decried CBAM as being protectionist and discriminatory. There is also talk of challenging the CBAM at the World Trade Organization (WTO)’s dispute settlement body. This debate…
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