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In a landmark reform, India today switches to a new indirect tax system, the Goods and Services Tax. The GST subsumes the multiple Central, State and local taxes and cesses levied on goods and services, unifying the country into a single market, thereby making it easier to do business and ensure tax compliance.
Link it with GS Paper 3 (Tax reform)
The Goods and Services Tax (GST) is in force from today. The reform, touted as a “game changer” and the “reform of the century”, was deemed worthy of a launch on the midnight of June 30 in the Central Hall of the Parliament.
Q- While the implementation of the GST reform is surely a cause to celebrate, one should not get carried away, for over-optimism on its favourable consequences builds expectations which may be difficult to fulfil.
Time is always moving forward and no force can stop it. At every moment, we have the option of using our time constructively or negatively. The choice we make will determine whether our world becomes a peaceful one or continues to be engulfed in conflict and tension.
Q- Education can contribute to inner disarmament. It must instil human values that promote compassion, warmth and an appreciation of the necessity of dialogue. Discuss.
Link it with GS Paper 4 (Human Values- Ethics)
GST rollout: Launch of VAT was announced with effect from April 1, 2002, but the date was pushed back to April 1, 2003 in the face of severe resistance from traders, especially in BJP-ruled Delhi and a few other states.
The Indian government has embarked on a programme to turn the country into a digital economy. It has unveiled a series of initiatives—from introducing Digital Locker, which eliminates the need for people to carry hard copies of documents issued by the government, to demonetization, which has spurred the use of digital payments across the country.
Link it with GS Paper 3 (Internal Security)
Q- The move towards a digital economy is likely to help trigger a fresh wave of economic growth, attract more investment, and create new jobs, across multiple sectors along with threat of cyber security. Comment!
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