Competition Act, 2002 The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Mergers and acquisitions), which causes or likely to …
CONTEXT Barely 11 months after the Government notified the Consumer Protection (E-Commerce) Rules, 2020, the Department of Consumer Affairs has mooted a set of sweeping amendments, apparently “to protect the interests of consumers and encourage free and fair competition in …
NEWS If States directly collect more tax, they will become less dependent on the Central government. INDIA’S REVENUE DISTRIBUTION SYSTEM In India, direct taxes go entirely to the Central government (Direct taxes are income tax and corporate tax). The …
About The Union Budget 2020-21 made an announcement to run the Kisan Rail services to provide better market opportunity by transporting perishables and agri-products, including milk, meat, and fish. This is a multi-commodity, multi-consignor/consignee, multi-loading/unloading transportation product which is aimed …
CONTEXT Recently, the government of Tamil Nadu has decided to shun the usage of the term ‘Central government’ in its official communications and replace it with ‘Union government’. HOW IS THE STEP TAKEN BEING PERCEIVED? The step taken is being …
Background In May 2020, under the Aatmanirbhar Bharat package, the Central government allowed state governments to hike their borrowing limits from 3% to 5% of Gross State Domestic Product (GSDP). However, the Centre attached conditions for the increased borrowing space, …
CONTEXT According to the World Health Organization, India has the highest suicide rate in the Southeast Asian region. According to the National Crime Records Bureau, a total of 1,34,516 cases of suicide were reported in 2018 in India, While the …
About: NISHTHA stands for National Initiative for School Heads’ and Teachers’ Holistic Advancement. NISHTHA is a capacity-building programme for improving the quality of school education through integrated teacher training. It aims to build competencies among all the teachers and school …
CONTEXT Recently, Russian President Vladimir Putin has asserted that both the Indian and Chinese Prime Ministers are “responsible” enough to solve issues between their countries, while underlining the need to debar any “extra-regional power” to interfere in the process. QUAD …