Undisclosed foreign income and assets (Imposition of Tax) Bill, 2015 seeks to put curb on the menace of black money stashed abroad and also tax evasion. The law applies only to the residents and not to the professionals working in foreign countries and NRI’s. Pros- Will help to get a better perspective of the real …
Facts: Bulk of Black Money is in India parallel economy is about 75% of GDP in 2013 : National Institute of Public Finance and Policy Major sectors related to it – higher education, real estate and mining sectors. The real challenge is in having a regulatory regime that promotes tax compliance and income disclosure. Preventing …
Facts: The data shows that in the last four years, the number of social media URLs blocked on the recommendation of the government committee under Section 69A of the IT Act were 10 in 2014, 587 in 2015, 964 in 2016 and 1,329 till November 2017. Additionally, 432 URLs were blocked through court orders in …
Who are “Bodos”? The Bodos are an ethnic and “linguistic” aboriginal group of the Brahmaputra valley in the northeast part of India. The Bodos are recognized as a plains tribe in the Sixth Schedule of the Indian Constitution. Udalguri and Kokrajhar of Assam are considered the centre of the Bodo area. What are their Demand? …
National Mission on Monuments and Antiquities (NMMA) launched in 2007 Aims to document the antiquities and prepare a national database, which would help in retrieval of smuggled antiquities. Reasons of India’s Poor Performance in Preservation of its Antiquities:- Lack of a dedicated Database: No urgency in implementation of NMMA. It has documented only 80,000 of …
Compare and contrast the structure, mandate, role and abilities of India’s armed forces with that of paramilitary forces. (200 Words) The paramilitary forces were defined in 2011 as the organisations that provide particularly close support to the Indian defense forces and have a sizable portion of the regular defense forces. Currently India has three Paramilitary …