Editorials, GS-3, Indian Economy, Uncategorized

On-tap bank licences: 5 questions that linger

The Hindu Issue Questions being asked related to ‘on-tap’ bank licenses. Q.1) External committee needed? The RBI had said it would form a standing external advisory committee (SEAC) that will vet the applications after the initial screening is done by central bank staffers. The committee is to have a three-year term and will comprise eminent… Continue reading On-tap bank licences: 5 questions that linger

Editorials, GS-2, Uncategorized

Changes in the tax treaty with Mauritius

What is DTAA? Double Taxation Avoidance Agreement (DTAA) also referred as Tax Treaty is a bilateral economic agreement between two nations that aims to avoid or eliminate double taxation of the same income in two countries.   Importance of this It is not unusual for a business or individual who is resident in one country… Continue reading Changes in the tax treaty with Mauritius

Editorials, GS-2, Indian Polity, Public Admin 2, Uncategorized

The power to certify

The Hindu Context Recently, the Aadhaar Bill and the Finance Bill were passed as Money Bills, though they may not have met the strict criteria laid out in the Constitution. This meant that the Rajya Sabha had only a recommendatory role while discussing these Bills. While the Speaker has the power to determine whether a… Continue reading The power to certify

Editorials, GS-2, Indian Polity, Uncategorized

SC upholds law on criminal defamation + A disappointing verdict + Speak no evil

What happened? The Supreme Court has maintained the constitutional validity of Sections 499 and 500 of the Indian Penal Code which criminalise defamation. Section 499 defines defamation Defamation.—Whoever, by words either spoken or intended to be read, or by signs or by visible representations, makes or publishes any imputation concerning any person intending to harm,… Continue reading SC upholds law on criminal defamation + A disappointing verdict + Speak no evil