1)''GST Appellate Tribunal (GSTAT )''
Context : Finance Minister launched GSTAT.
" Until now, taxpayers had to navigate different product clarifications on various state interpretations, leading to delays and locked up capital, especially for MSMEs. With GSTAT, disputes will converge at one forum. This is one nation, one tax and now one adjudication body," FM said.
Benefits ;
* Addressing of GST disputes/complaints separately would reduce burden on Formal Court Regime.
* Provide single platform that will aid the "Ease of Doing Transactions", especially for MSMEs.
* Strengthen GST dispute redressal mechanism.
* Now, disputes related to GST will directly be entertained by GSTAT.
What to read ?
* GST constitutional and legal provisions and its Council.
* New GST norms and its implications.
2) "COFIDENTIAL IPOs"
Context : Walmart-backed payments aggregator Phone Pe, like MobiKwik files for "CONFIDENTIAL IPOs".
Confidential IPOs, where IPO documents are not made public, to protect information and business plans they are sensitive.
What to read ?
* Stock / Capital market and regulating institutions.
* Difference between IPOs and Confidential IPOs. With examples for each.
3) Boost For Shipbuilding and Maritime Sector
Context : Cabinet Approved Rs.70,000 Cr for the development of Shipbuilding and Maritime Sector.
Facts ;
* To establish "National Shipbuilding Mission" .
* Unlock 4.5 million gross tonnage capacity.
* Create 30 lakh jobs and attract investment of Rs. 4.5 lakh Cr in maritime sector.
Objectives :
* Strengthen domestic capacity.
* Improve long term financing.
* Promote greenfield and brownfield shipbuilding development.
* Enhance technical capabilities and skilling.
* Implementation of legal, taxation and policy reforms to create a robust maritime infrastructure.
What to read ?
* Maritime Sector and economic role.
* Other infrastructure sectors such Road, railway, aviation, etc.
4) Statehood and Tribal Status in India
Context : Protests were held in Leh, Ladak (UT) demanding for constitutionally safeguarded Statehood and Tribal status for the region.
What to read ?
* Constitutional provisions for States and UTs.
* Historical demands for Statehood by some States/UTs like, NCT Delhi and SC verdict on it.
5) Road Safety Circular - BMTC
Context : BMTC issued a circular that inflict punishment to drivers who use mobile phones while driving.
* Data on road accidents from NCRB report.
* Initiatives on Road Safety in India.
6) Free Cancer Screening for women
Context : Free Cancer screening for 75 women employees under " Swasth Nari Sashakt Parivar Abhiyan" launched by PM.
What to read ?
* Women empowerment initiatives in India.
* About "Swasth Nari Sashakt Parivar Abhiyan" .
7) "MAKE IN INDIA" - Decadal Celebration
Context : India celebrating decadal anniversary of "Make In India" initiative.
Achievements :
a) Electronics ;
* India now world's 2nd largest manufacturer of mobile phones.
* Electronic production has increased from Rs. 1.9 lakh Cr to Rs. 11 lakh Cr.
b) Historic Surge;
* Exponential growth in vehicle production with over 2.8 Crore units manufactured in 2023-24.
* Auto component industry almost doubled in last 5 years.
c) Defence Export ;
* Exporting defence equipment to over 100 countries.
* Defence production rise 225% from Rs. 46,430 Cr to Rs. 1.5 lakh Cr.
d) Swadeshi Revolution ;
* India proudly made its first swadeshi Semiconductor Chip.
* Rs. 76,000 Cr "Semiconductor Mission" boosting self-reliance.
e) Pharmacy of the world ;
* India has become the world's 3rd largest drug manufacturer (by volume).
* India's medicines reach to over 200+ countries.
f) Era of Innovation ;
* Transition from job seeker to job giver, that is, India's 1.8+ lakh startups have created 17.6+ lakh jobs.
* India is home to 118 Unicorns.
What to read ?
* Some more facts about "Make in India Mission".
* Manufacturing Sector in India.
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