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Why in the news? The government lowered long-term capital gains tax on real estate from 20% to 12.5%, facing backlash, and allowed taxpayers to choose the more favourable rate for properties acquired before July 23, 2023. About Tax Reduction and Options: Finance Minister Nirmala Sitharaman announced the long-term capital gains tax reduction from 20% with …
Read MoreWhy in the news? A study found sucralose safe for diabetics, improving body weight, waist circumference, and BMI, with no adverse impact on glucose or HbA1c levels, countering negative publicity against sweeteners. source:slideshare Study Overview: Recent Indian study assessed replacing sucrose with sucralose in coffee and tea. Conducted a 12-week randomised controlled trial with 210 …
Read MoreWhy in the news? Food costs hit an 11-month high in July due to surging tomato, onion, and potato prices, driven by crop issues and increased CPI food inflation. source:medium About Rising Food Costs: Food costs reached an 11-month high in July for both vegetarians and non-vegetarians. The average cost of a vegetarian meal rose …
Read MoreWhy in the news? The UK dropped its opposition to ICC arrest warrants against Israeli leaders Netanyahu and Gallant, signalling a major policy shift and potential legal implications for Israel. source:worldmap Understanding the UK’s Shift on ICC Warrants: On July 26, Britain dropped its opposition to ICC arrest warrants against Israel’s PM Benjamin Netanyahu and …
Read MoreWhy in the news? Punjab plans a 149.53-km irrigation canal to address water shortages, costing Rs 2,300 crore, despite facing severe funding challenges and technical viability concerns raised by experts. source:wordpress About Proposed Malwa Canal Project: Punjab plans to build a 53-km canal named after the Malwa region. The canal will start at Harike Headworks …
Read MoreSyllabus: GS 2: India and its Neighbourhood- Relations. Effect of Policies and Politics of Developed and Developing Countries on India’s interests. Why in the News? The continuing debate over the Political status of Kashmir and India’s treatment to Pakistan has remained fresh due to the cross-border terrorism acts, revival of international interest, internal political situations …
Read MoreRelevance GS 3 – Economy, Inclusive Growth Focus This paper examines the need to reconsider development techniques in order to provide inclusive growth and gainful employment. It looks at the drawbacks of the status quo and offers several alternatives, highlighting small-scale agriculture’s potential in particular. Current Scenario Employment Data: The employment sector demonstrates a deficiency …
Read MoreSyllabus: GS 2: Bilateral Relations Why in the News? The International Monetary Fund has just released its recent economic growth forecast for China and India, underlining the pivotal stage of development both countries are at and the interdependence between their futures in global economy. Source: India Today Introduction China and India, pivotal in global development, …
Read MoreRelevance: GS 2 – Government policies and interventions for development in various sectors and issues arising out of their design and implementation Why in the news? On July 30, the Uttar Pradesh Legislative Assembly passed the Uttar Pradesh Prohibition of Unlawful Conversion of Religion (Amendment) Bill, 2024. This bill significantly alters the original 2021 anti-conversion …
Read MoreSyllabus: GS 2: Indian Economy and issues relating to Planning, Mobilization of Resources, Growth, Development and Employment. Inclusive Growth and issues arising from it. Why in the News? The editorial talks about the vision and the mission of India where the nation plans to achieve an economic size of $30 trillion by the year 2047. …
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