Hindu Notes from General Studies-02

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Odd-even rule back in Delhi from Monday

 News

• The odd-even vehicle rationing scheme will be enforced in the capital for a five-day period, beginning Monday, as part of a graded response plan to tackle pollution in Delhi.

Beyond News

• Women drivers, two-wheelers and vehicles carrying children in school uniform, in addition to VVIPs, would be exempted from its provisions.
• The policy mandates that private vehicles ply on the basis of the last number of their license plates — odd numbered cars on odd dates and even-numbered ones on even dates — and has been enforced in Delhi twice earlier: from January 1 to 15 and April 15 to 30.
• Motorists will have to pay 2,000 if they violate provisions of the scheme, which will be enforced by teams of the Delhi police, the transport department and SDMs. Around 5,000 civil defence volunteers will be deployed to manage the vehicles in addition to around 400 ex-servicemen.

Constitution Bench to hear plea on bid to sway SC judge

 News

• A Constitution Bench of the “first five judges of the Supreme Court in the order of seniority” will hear on November 13 a petition seeking an independent investigation by a special team, supervised by a former Chief Justice of India (CJI), into a corruption case involving a former Orissa High Court judge.

Beyond News

• The judge allegedly conspired with a “hawala dealer” to influence the outcome of a case pending in the Supreme Court in favour of a debarred private medical college.

Supreme Court refuses to stay release of film ‘Padmavati’

 News

• The Supreme Court on Friday refused to entertain a plea seeking a stay on the release of Bollywood movie ‘Padmavati’, saying the Central Board of Film Certification (CBFC) considers all aspects before granting certificate to any film.

Beyond News

• A Bench said there were enough guidelines to be followed by the censor board to grant certification to a film before its release.
• The plea, filed by Siddharajsinh M Chudasama and 11 others, also sought the setting up of a committee of eminent historians to check the veracity of the script to prevent any inaccuracy in the portrayal of Rani Padmavati.
• The petitioners sought a stay on the release of the film till such time the alleged historical inaccuracies in the film are corrected by the producer and the director.

Hindu Notes from General Studies-03

FEMA norms eased to spur investment from overseas

 News

• The Reserve Bank of India (RBI) has simplified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, by putting all the 93 amendments under one notification, a move that will significantly make it easier for foreign investors to invest in the country.

Beyond News

• The Foreign Exchange Management Act (FEMA), introduced in 1999, was amended 93 times.
• Another significant change is the introduction of a late submission fee that could allow an investor to regularise any contravention due to non-reporting, by paying the fee.
• In addition, any transfer of investment from non-resident Indians to any non-residents has been brought under the automatic route, subject to reporting.

Many areas may go without stormwater drain projects

 News

• The Chennai Corporation may leave some neighbourhoods out of the project to develop stormwater drains, giving priority to a few areas.

Beyond News

• The civic body is unable to implement the project as funding agencies such as JICA (Japan International Cooperation Agency) have refused to be involved, claiming that they have focussed on other major projects such as Chennai Metrorail.
• Officials claimed that funding by JICA of ₹10,000 crore for Metrorail and ₹3,200 crore for Intelligent Transport System in the city have caused a delay in funding for stormwater drains.

The Corporation requires ₹1,800 crore for developing stormwatwer drains in Tiruvottiyur, Manali and Madhavaram.

GST Council to tighten norms for Composition Scheme

 News

• The twenty-third meeting of the Goods and Services Tax (GST) Council in Guwahati on Friday is set to tighten the noose on players who have started splitting their business operations into smaller entities to avoid higher tax liabilities.

Beyond News

• The Council is also set to cut tax rates on a large number of product lines.
• The Council is expected to further liberalise the Composition Scheme for small businesses and traders to pay a flat and low tax on their turnover.
• The annual turnover eligibility threshold is likely to be raised to Rs. 1.5 crore from the Rs. 1 crore limit, imposed at the Council’s October meeting.

Tax rates are also likely to be rationalised from 5% for restaurants and 2% for manufacturers, to 1% of turnover.

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