Reading Time: 9 mins As India continues to fight the pandemic of COVID-19, The PM recently made a clarion call for a post-pandemic economic redemption. The Atmanirbhar Bharat i.e. Self-reliant India is a policy that aims to convert the crisis into opportunity and boost the Make in India program. The Finance Minister explained the nitty-gritty of the policy in a press conference.
Reading Time: 5 mins On February 2020, a Lok Sabha MP stated that the government should immediately put all issues pertaining to reservations for Scheduled Castes, Scheduled Tribes and Other Backward Classes in the Ninth Schedule of the Constitution so that they are not challenged in the court. This statement comes days after the Supreme Court ruled that the reservation in the matter of promotions of the public post was not a fundamental right and that a state cannot be compelled to offer quota if it chooses not to. The Ninth Schedule of the Indian Constitution, since its enactment, remains a contentious issue as its constitutionality is questioned.
Reading Time: 8 mins The labour laws in India have been on the anvil for the last few years now. In addition to that, the current pandemic has brought upon huge investment opportunities. The employment scenario has taken a dent too. So, both in anticipation of investment incomings and to strengthen the efforts in employment creation, many state governments have taken to the task of reforming its labour laws. In this scenario, it is opportune to study the status of labour laws in India.
Reading Time: 11 mins Direct tax contributes to a significant portion of the government’s revenue. However, with the growing economic crisis due to the coronavirus outbreak, the government was forced to ease tax burdens on individuals. The Income Tax department has set its budgetary direct tax collection target for 2020-21 at Rs.13.19 lakh crore, 28% higher than the actual collection in the last fiscal, which ended on May 31, with a huge reliance on Vivad se Vishwas scheme that provides for a direct tax dispute resolution mechanism. Yet, this novel scheme is also facing challenges due to the pandemic. It is necessary to ease pressure on taxpayers to increase spending and promote new businesses, while also ensuring necessary revenue sources for the government.
Reading Time: 7 mins Electricity is one of the most critical components of infrastructure which is essential for sustained growth of the Indian economy and welfare of the nation. Ministry of Power, in an attempt to further develop the power sector, has issued a draft proposal for amendment of the Electricity Act, 2003 in the form of the draft Electricity Act (Amendment) Bill. This is the fourth draft since 2014.
Reading Time: 8 mins The ongoing COVID-19 pandemic and the Great Lockdown has proved to be major disruptive events in recent times. It has thrown open weaknesses and strengths in international relations. The current crisis is expected to shift the global power centres and India’s proactive diplomatic initiatives have attracted worldwide attention.
Reading Time: 7 mins Continuing its efforts in promoting innovation and entrepreneurship, Atal Innovation Mission has engaged in contributing to the society in these times of pandemic through an inter-ministerial working group. Let us understand the working and program of Atal Innovation Mission in this article.
Reading Time: 9 mins The International Energy Agency, in its India 2020 Energy Policy Review, has recommended adoption of NITI Aayog’s Draft National Energy Policy, which is under consideration since 2017 and is yet to be enforced due to several inter-ministerial differences. This said policy fails to address various other issues faced by India’s energy sector. Therefore, changes must be made in a way that enables coordination of all parties and also allows the country to adopt green energy as climate change has a significant impact on India’s economy and people. This reformed policy must be adopted as soon as possible as the country is currently facing rampant energy poverty despite having surplus energy under its domain.
Reading Time: 8 mins As part of the Atmanirbhar Bharat package, Finance Minister Nirmala Sitharaman on May 13 announced measures to help support and revive the micro, small and medium enterprises (MSMEs) affected by the COVID-19 outbreak.