Model Answer: Base Erosion and Profit Shifting (BEPS) refers to those instances where gaps between different tax rules or bilateral treaties leads to tax avoidance causing harm to...
Recently, the Supreme Court of India has referred the matter of capital punishment to a five-member Constitution Bench for giving the offenders an opportunity to present mitigating factors...
The Generalized System of Preferences is a U.S. trade program. It was designed to promote economic growth in the developing world by providing preferential duty-free entry. The objective...
Model Answer: Factors affecting Foreign Investments: Trade barriers Government may impose tariffs, quotas, embargo and other restrictions on export and imports goods and services hindering the free flow...
According to the World Health Organization (WHO), the number of tuberculosis (TB) cases worldwide increased in 2021 for the first time in decades. Situation of TB in...
Model Answer: General Anti-Avoidance Rules (GAAR) are general rules that target any transaction of business arrangement that is done for aggressive tax planning, tax avoidance or tax evasion....
Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. Thus; it takes into account...
Food processing is the process of turning food material into food products through mechanical and chemical means. It has a great potential for value addition at every step....
The 73rd and 74th Constitutional amendment gave a constitutional backing to the three tier federal structure of Indian polity. Empowerment of third tier, key to strengthen federalism: Uphold...
The Speaker of the Lok Sabha plays an important role in the functioning of India’s Parliament, particularly influencing the legislative efficiency through his responsibilities in setting the agenda...
