GS-2, Uncategorized

Reforming the Law Commission

Context Law Commission of India is a prominent advisory body to study, research and report on legal matters specified in their terms of reference. The Government of India established the First Law Commission of Independent India in 1955 with the then Attorney-General of India, Mr. M.C. Setalvad, as its Chairman. Since then twenty one more Law… Continue reading Reforming the Law Commission

GS-3, Indian Economy, Uncategorized

‘Mauritius Leaks’ and Need for Tax Reforms

Context In July 2019, the International Consortium of International Journalists published over 200,000 confidential documents from the offices of Conyers Dill & Pearman, a Bermuda-based law firm that allegedly aids large Western businesses to set up letterbox companies in Mauritius aimed at making tax-motivated investments in Africa and Asia. The leak has reignited the debate on multinational tax avoidance and how businesses use tax-friendly… Continue reading ‘Mauritius Leaks’ and Need for Tax Reforms

GS-3, Indian Economy, Uncategorized

RBI Surplus Transfer to the Government

Context The Central Board of the Reserve Bank of India (RBI) on 26th August decided to transfer a sum of ₹1,76,051 crore to the Government comprising of ₹1,23,414 crore of surplus for the year 2018-19 and ₹52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board. The… Continue reading RBI Surplus Transfer to the Government