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Monthly Archives: May 2022

General Anti-Avoidance Rule (GAAR)

In News  Recently, the revenue department has launched investigations under the General Anti-avoidance Rule (GAAR)  into companies and entities that may have used creative methods to avoid paying taxes. About  A Hyderabad-based company, Ekge Retail, has received a notice in which the department has applied Section 96(1)(d) of the Income-tax Act, which deals with impermissible […]

Depreciation of Rupee

In News The Indian Rupee has depreciated 3.5 percent against the US dollar in 2022. In this past month alone, the Rupee has depreciated by over 1.2%.  The depreciation is expected to impact the economy in general and various segments such as imports, mainly fuel prices, and push up inflation. Reason for Rupee Falling Russia-Ukraine […]

Goods and Services Tax (GST)

In News Recently, the Supreme Court said that Centre and states have equal power to make laws on GST. About    Article 246A: The court emphasised that Article 246A (which gives the States power to make laws with respect to GST) of the Constitution treat the Union and the States as equal units. Article 279A: […]

BRICS Foreign Ministers’ Meet

 In News China hosted the virtual BRICS Foreign Ministers meet recently with the Indian External Affairs Minister taking part along with his counterparts from the five-member bloc.  About The meeting was held in the run-up to the annual Summit which will be held later this year by China who holds the presidency of grouping this […]

Finland, Sweden submit NATO Membership Application

In News Finland and Sweden have recently applied for membership in North Atlantic Treaty Organization (NATO). If admitted, Sweden and Finland will become 31st and 32nd members of NATO.  Background Finland: Post-World War-II, Finland sought to achieve neutrality through a defence alliance with the Soviet Union called the Treaty of Friendship, Co-operation and Mutual Assistance  […]

Indian Express

Indian Express Subject  Pg No  Headlines Relevance for Prelims and Mains   GS 2 1   SC lets Perarivalan walk free,24 years after death penalty  (Constitution) Know about Article 142 of the Indian Constitution,What is the idea behind Article 142?Scope of Article 142,What are some popular instances where the Supreme Court has used its power under […]

The Hindu

The Hindu Subject Pg No Headlines Relevance for Prelims and Mains   GS 2   1   Supreme Court frees Perarivalan  (Constitution )  What is Article 142 of the Constitution?What are the important instances where the Supreme Court has invoked its plenary powers under Article 142?Also know about the pardoning powers of the President and Governor. […]

Barb Fish

In News  A team of scientists at the Kerala University of Fisheries and Ocean Studies (Kufos) has standardised the techniques for artificial breeding of Olive barbs (Kuruva Paral) and Filament barb (Kalakkodiyan) About  They have developed brood stocks for Highfin barb (Kooral) and Carnatic carp (Pachilavetti).  These freshwater species of barbs and carp used to […]

Denisovans

In Context  Scientists have long assumed that Southeast Asia was once home to Denisovans. The first physical evidence been verified recently.  Who were the Denisovans? Denisovans are ancient cousins of modern humans about whom much remains to be known. They lived lakhs of years ago, coexisting with Neanderthals in some regions, and interbreeding with early […]

Vadnagar’s Link with Buddhism

In Context Recently, Prime Minister said that Vadnagar in Gujarat’s Mehsana district had been a great centre for Buddhist learning centuries ago. There are relics being recovered from there and the excavation work is still on. About Vadnagar  It is a small town in Mehsana district of north Gujarat. It is mentioned often in the […]

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