Groundswell report on climate change

GS Paper 3 Topics Covered: Conservation related issues.   Context: The Report was recently released by the World Bank. It examined how the impacts of slow-onset climate change, such as water scarcity, decreasing crop productivity and rising sea levels, could lead to millions of what it describes as “climate migrants” by 2050.   Highlights and key …

What is Input Tax Credit (ITC)?

GS Paper 3 Topics Covered: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.   Context: The Supreme Court has confirmed a Madras High Court judgment which upheld a fiscal formula included in the Central Goods and Service Tax Rules to execute refund of unutilised Input Tax Credit (ITC) accumulated on …

National Commission for Minorities

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: Former IPS officer Iqbal Singh Lalpura, has been chosen as chairman of National Commission for Minorities.   About the NCM: National Commission for Minorities (NCM) was set up under the National Commission for Minorities Act, 1992. It Monitor the working of the safeguards …

National Financial Reporting Authority (NFRA)

GS Paper 2 Topics Covered: Statutory, regulatory and various quasi-judicial bodies.   Context: As it seeks to enhance engagement with stakeholders, the National Financial Reporting Authority (NFRA) will set up a single stakeholders’ advisory group as well as a research cell to support the group.   Need for: A large majority of the respondents have expressed …