23 November, 2019
News: Fifteenth Finance Commission (FFC) chairman N.K. Singh on Friday sought a leverage with the Goods and Services Tax (GST) Council, arguing that tax rate cuts and grant of exemptions decided solely by the council affect the FFC’s goal of optimizing revenue targets of the Centre and states.
Prelims and Mains focus: on the Centre-states tussle related to GST and the role of the Finance Commission
Context: The Centre and state governments seem to be on a collision course amid a sharp economic downturn that has eroded their financial positions.
Concerns raised by 15th FC:
Significance of FC comments
Singh argued that the nature of governance has changed fundamentally, with the Central government taking the lead in several national priority areas such as drinking water and power supply. He also said an expert group should look into rationalization of centrally-sponsored schemes.
Rare Earth Elements The Confederation of Indian Industry (CII) has urged the government to encourage private mining in the sector and diversify supply sources in light of India's reliance on China for rare earth minerals imports. Despite having 6% of the world's rare earth reserves, India produces only 1% of global output and import
Rooftop Solar Installations According to Mercom Research India, rooftop solar capacity installations in India fell 29% to 320 megawatts (MW) in July-September 2022. What are the Results? Cumulative Installations: As of the end of the third quarter of 2022, cumulative rooftop solar (RTS) installations stood at 8.3 GW. Gujarat overtook
Plastic's Life Cycle According to a recent document titled "The Plastic Life-Cycle," India is not properly collecting and recycling its polymer waste. The document emphasized that the problem will not be solved unless the entire life cycle of plastic, from source to disposal, is considered as the root cause of the pollution it
Russia’s Advanced Fuel Option for KKNPP Rosatom, Russia's state-owned nuclear energy corporation, recently offered a more advanced fuel option to India's largest nuclear power plant in Kudankulam (KKNPP), Tamil Nadu. It will be able to run its reactors for an extended two-year cycle without stopping to load new fuel.
Project Great Indian Bustard The Supreme Court (SC) recently requested that the Centre review the concept of 'Project Great Indian Bustard (GIB)' to save endangered birds. Important Points: The Supreme Court established a three-member committee to evaluate the feasibility of laying high-voltage underground power cables. T
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