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₹95,000 CRORE SURPLUS LIKELY IN GST COMPENSATION FUND BY 2026 GST Council to Review Compensation Fund Surplus Surplus estimate: The GST Compensation Fund may have a ₹95,000 crore surplus by March 31, 2026. Liabilities cleared: This projection comes after clearing all state dues and debt liabilities incurred during the compensation period. Council review: The GST …
Read MoreMSMEs: Powering India’s self-reliance and global economic rise Why in the News? India’s MSME sector has emerged as a cornerstone of economic transformation, contributing significantly to GDP, employment, exports, and self-reliance. Its role in powering Atmanirbhar Bharat, enhancing global competitiveness, and expanding manufacturing makes it vital to India’s journey toward becoming a $5 trillion economy …
Read MoreLUXURY CESS MAY BE MERGED INTO GST STRUCTURE Why in the News? Cess expiry: The Compensation Cess, extended till March 2026, may be integrated into GST rates post-expiry. GST Council talks: The Finance Ministry supports integrating cess on luxury and sin goods like SUVs, tobacco, and aerated drinks. Eight-year journey: Introduced in 2017 to compensate …
Read MoreIndia’s Steady GDP Growth Boosts MSCI Weightage and Agricultural Innovation Why in the News? India’s consistent nominal GDP growth and domestic economic strength are expected to gradually raise its weight in the MSCI Emerging Markets Index, attracting more foreign investments, according to BNP Paribas strategist Daniel Morris in a recent interview. This development highlights India’s …
Read MoreINDIA’S GROWTH: MIRAGE OR MILESTONE? Syllabus: GS-3: Growth & Development Focus: India is reportedly poised to overtake Japan to become the world’s fourth-largest economy by nominal GDP, as per International Monetary Fund (IMF) projections. While this milestone garners national pride, concerns linger over the true economic competitiveness, per capita income of India, and sustainability of …
Read MoreMeasles Vaccine Averted Millions of Global Deaths Why in the News? A new analysis reveals that measles vaccines have prevented over 9 crore deaths globally in the last 50 years. This success highlights the life-saving role of immunisation, particularly in Africa and Southeast Asia, where measles mortality rates were once alarmingly high. The impact of …
Read MoreSC Deviates from POCSO in Sensitive Judgment Why in the News? The Supreme Court withheld sentencing in a POCSO case involving a minor, citing the victim’s welfare and social hardship, despite reaffirming POCSO’s legal position. This decision has sparked debates over judicial discretion, victim rights, and child abuse law in India. The case highlights the …
Read MoreThree Ancient Tombs Unearthed in Luxor, Egypt: A Significant Archaeological Discovery Why in the News? Egyptian archaeologists have made a remarkable archaeological discovery, unearthing three ancient tombs in Luxor, formerly known as Thebes, belonging to prominent New Kingdom officials in the Dra Abu al-Naga necropolis. This find, located near the famous Valley of the Kings …
Read MoreBoko Haram Resurgence Threatens Stability in Nigeria Why in the News? Boko Haram attacks have intensified in northeast Nigeria, raising fears of a return to peak insurgency. This short note on terrorism highlights how recent terrorist attacks, territorial gains, and use of advanced tactics by the ISWAP faction underscore challenges faced by the understaffed Nigerian …
Read MoreTR1 Cells Hold Key to Malaria Reinfection Immunity Why in the News? A major study published in Science Immunology has identified T regulatory 1 cells (TR1) as crucial in the cellular immune response to malaria. This discovery in malaria immunology could revolutionize malaria vaccine research and immune-based therapies for malaria and other infectious diseases with …
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