02 July 2019
By Aspire IAS
1) TRAI calls for zero telecom equipment imports by 2022
Theme: Indigenous telecommunication equipment manufacturing
Telecom Regulatory Authority of India (TRAI) has called for imposition of import duties on telecom products outside the ambit of the Information Technology Agreement (ITA-1) and incentivising their local design and manufacturing with an aim to eliminate India’s dependence on imported telecom gear by 2022.
2) E-way bill made mandatory for inter-State goods movement
Theme: e-Way bill system:
Concerned at the loss of revenue, the Kerala State government has decided to tighten the e-way bill norms and make it mandatory for inter-State goods movement. The government is said to be losing over Rs. 400 crore because of tax evasion, mainly because the e-way bill system has not been fully operational.
e-Way Bill :
eWay Bill is an electronic way bill for movement of goods which can be generated on the eWay Bill Portal. Transport of goods of more than Rs. 50,000 (Single Invoice/bill/delivery challan) in value in a vehicle cannot be made by a registered person without an eway bill. When an eway bill is generated a unique eway bill number (EBN) is allocated and is available to the supplier, recipient, and the transporter.