Page 6/Editorial
GS 3- Economy - Government Budgeting
Context: The British firm Cairn Energy has said it has concluded all steps prescribed by the Indian government in order to be eligible for the refund of a contentious retroactive tax levy.
Way Forward in the Context of Tax Terrorism
Page 6/Editorial
GS 3- Food processing and related industries in India - scope and significance, location , upstream & downstream requirements, supply chain management.
Context: One of the largest producers of fruits and vegetables in the world to boost processed food in large quantities, India has formulated a unique Production-Linked Incentive Scheme (PLIS) which aims to incentivise incremental sales.
Challenges
Way Forward
By welcoming the new brands in the category, PLIS aims to create an enabling ecosystem for innovation in both food products and processes. Post the 1929 Great Depression, hemlines of a skirt were indexed to predict the financial state. Almost a century later, luminosity and night lights data obtained from satellites indicate the extent of economic progress. No wonder, 50 years hence, the progress of nations will be benchmarked to their ability to sustainably feed their populations.
844 docs|613 tests
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1. What are retroactive tax disputes? |
2. Why is policy predictability important in taxation? |
3. How can unlocking India's food processing potential benefit the nation? |
4. What are the factors that should push nations to have an efficient food value chain? |
5. Why is it important for the Centre to conclude retroactive tax disputes? |
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