25 November, 2021
14 Min Read
Part of: GS-III- Economy (PT-MAINS-PERSONALITY TEST)
Recently, the Central government has stated that it will not extend the deadline for payment of the equalisation levy by non-resident e-commerce players, even though a majority of them are yet to deposit the first instalment of the tax.
**The equalization levy is aimed at taxing foreign companies which have a significant local client base in India but are billing them through their offshore units, effectively escaping the country’s tax system. The step has come in the backdrop of the United States Trade Representative (USTR) investigations into taxes adopted or under consideration by 10 nations, including India, on revenues of American digital service companies like Netflix, Airbnb, etc.
Operation 'Megha Chakra' on Child Sexual Abuse The "Megh Chakra" operation is being carried out in response to inputs from Interpol's Singapore special unit based on the information obtained from the New Zealand authorities. The Central Bureau of Investigation (CBI) is waging a nationwide campaign against the dissemina
World Tourism Day and India’s status Every year on September 27, people all over the world celebrate World Tourism Day. This year, it will take place in Bali, Indonesia. “Rethinking Tourism” is the theme for 2022. ??????? What are the Main Ideas? Since 1980, September 27 has been observed as World Tourism Day
Jaldoot App & Groundwater Status in India The "JALDOOT App and JALDOOT App e-brochure" was recently released by the Ministry of Rural Development to better measure groundwater levels. ??????? About JALDOOT app The Panchayati Raj and the Ministry of Rural Development collaborated to create the JALDOOT app.
Group of Four (G4) on UNSC Reform Under the auspices of The Group of Four (G4), the External Affairs Minister of India met with his counterparts from Brazil, Germany, and Japan. Details about the news G4 discussed concerns pertaining to the UN Security Council reform during a meeting that took place alongside the 77th session of the
Draft Indian Telecommunication Bill 2022 To control Internet-based OTT (Over-The-Top) telecom services, the Department of Telecommunications (DoT) recently announced the draught Indian Telecommunications 2022 Bill. ?????????????? What are the Draft Bill's Main Points? The Indian Telegraph Act, 1885, Indian Wireless Telegraph
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