GST: Centre, States reach consensus over dual control,
roll out likely from July 1
The Goods and Services Tax (GST) Council has arrived at a consensus on
contentious issues such as administrative control over tax payers in the new
indirect tax regime, thus paving the way for GST to be introduced this year,
although three months after the Centre’s original rollout deadline of April 1,
The consensus was reached after the Centre agreed to
the demand of states to go in for horizontal split with regard to tax
payers based on annual turnover.
National Alliance against online Child sexual abuse and
The Ministry of Women & Child Development is planning to form a
National Alliance against Online Child Sexual Abuse and
India’s rising income inequality: Richest 1%
own 58% of total wealth
According to a study by rights group Oxfam,
India’s richest 1% now hold a huge 58% of the country’s total wealth — higher
than the global figure of about 50%. In the report titled ‘An economy for the
99 per cent’, Oxfam said it is time to build a human economy that benefits
everyone, not just the privileged few.
Just 57 billionaires in India now have same wealth
($ 216 billion) as that of the bottom 70% population of the country.
The richest 1% has owned more wealth than the rest
of the planet. Globally, just 8 billionaires have the same amount of
wealth as the poorest 50% of the world population.
The Niti Aayog has called for a review of the provisions of the Right To
Education Act that stipulate that children who don’t perform well cannot be
held back up to class VIII. It said the good intention behind the norm is
detrimental to the learning process.
The Right To Education (RTE) Act, which aims to
provide primary education to all children aged 6-14 years, stipulates that
no child can be held back in a grade, regardless of his performance, all
the way up to the eight grade.
This means that a child is entitled to an eighth
grade diploma even if he cannot recognise a single letter or a number if
he has spent eight years in school.
Complete disciplinary inquiries in time: Central
Vigilance Commission to departments
Irked over delay in completion of departmental inquiries, the Central
Vigilance Commission (CVC) has asked all departments to ensure that such
proceedings are completed in time.
The commission has observed that all departmental
inquiries need to be completed in time so that an honest employee is not
Post demonetisation, World
Bank drops India's growth rate to 7 %
The World Bank has
decelerated India's growth for 2016-17 fiscal to 7% from its previous estimate
of 7.6%.The World Bank stated that immediate withdrawal of a large volume of
currency in circulation and subsequent replacement with new notes in India contributed
to slowing growth.
Also, the country would regain momentum in the
following years with 7.6 and 7.8% growth. According to the report, India
maintains the distinction of being the fastest growing emerging market
economies of the world, bypassing China.
Modi inaugurates Nobel Prize
exhibition in Gujarat
Prime Minister Narendra Modi
has inaugurated the 'The Nobel Prize' exhibition at Science City in