EcoPill2-Budget Taxation: GST on online gaming that require skill: e.g. crossword puzzles, bridge, rummy, poker, scrabble.
if fees to join online gaming contest is Rs.1000 and prize is Rs.10000.
then GST council wants 28% GST on Rs.10,000 prize. Gaming industry wants 18% GST on the ‘fees’ (rs.1000).
Critics argue: This will result in online gaming industry becoming underground using dark net and bitcoins.
EcoPill2D: Deficit/Disinvestment: ⚾️📻⚾️🎙✋ Nominal GDP gains may help govt meet its FY23 fiscal deficit target
Polity: legislature:- DELEGATED LEGISLATION when Parliament delegates functions to certain authorities, since MPs can’t deal with every aspect themselves. E.g. weather of currency notes should be demonetised? RBI Act Section 26: RBI central board will recommend to government and government will demonetise. Parliament has not have to make a separate law for it. SC held that since the delegation of power is to the Centre, which is answerable to Parliament, the delegation of power cannot be struck down.
Polity: PIL brigade: Presently, Foreign Contribution (Regulation) Act, 2010 (FCRA)’s matters are looked after by the Ministry of home affairs. Some NGOs argue that it is misused to harass Anti-BJP organisations. So they filed a PIL to constitute an independent tribunal or committee to oversee enforcement of FCRA Act. Delhi HC rejected it saying no need. There is scope for misuse of every act that does not mean we should set up separate tribunal.
Polity: ⚾️📻⚾️🎙✋ let final verdict come. SUPREME Court Constitution Bench while hearing petitions challenging Section 6A of the Citizenship Act on Tuesday said it will first decide whether the provision is constitutionally valid before proceeding to other issues raised in the pleas.
IR/Defense: VSHORAD (Very Short Range Air Defence System) missile system, which is being designed and developed by the Defence Research and Development Organisation (DRDO). Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh accorded Acceptance of Necessity (AoN) to purchase this VSHORAD (IR Homing) missile system.
Environment/Pollution: Ozone hole will recover to 1980 values by 2066 over Antarctica; in Artic by 2045. This shows the Success of Montreal Protocol.
Geography: IMD marks a cold wave in terms of minimum temperatures — when the minimum temperature in the plains is 4 degrees or less or when the minimum temperature is less than 10 degrees and 4.5 to 6.4 degrees below the normal.
Essay: Women in Sports Challenges
Women in sports: RAJASTHAN, the largest state area-wise and 7th in population, had just 5 female sportspersons at the Olympics and Worlds. BIHAR, the third most populous state, had sent 0 to the Olympics.
52 women from MANIPUR have been at the Olympics or other Games or Worlds and 7 were at the 2022 Commonwealth Games.
This is despite Manipur’s sports budget being just Rs 12.90 lakh. Major reasons for lack of spotsparticipation by women in certain states- having to travel more than 10km to reach the facility, safety concerns, lack of preferred female coaches, unsafe travelling to tournaments.
PIN-appointment: Central Government has re-appointed Michael Debabrata Patra as Deputy Governor, Reserve Bank of India, for a further period of one year with effect from January 15, 2023,
GPSC: chief ministers office launch is 3 E-governance modules 1) Whatsapp bot number 7030930344 through which people can get connected with the CMO 2) Visitors Management System (VMS) 3) Urban Grievance Redressal Monitoring System (UGRMS).