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Why in the discussion? Differences between the Ministry of Heavy Industries and the Policy Commission have emerged on the proposal of the Commission to put 'Feet' (a type of duty or rebate) on two-wheelers to subsidize electric vehicles to promote green transport. key points The Ministry has expressed concern over the 'Commission' of the two-wheeler vehicle, which is being used as a 'duty' on the widely used transport medium, as it is not only the price hike, but also the practical challenges related to collection of this tax. Will arise. The policy commission has proposed to impose a fee.  The commission says that it will collect the capital through the fee and it will be used to provide subsidy for electric vehicles. Electric vehicles have 12 percent GST, while 28 percent on vehicles with combustion engines (petrol-diesel).  This is already 16 percent discount. The Ministry of Heavy Industries works to implement schemes and policies for the devel...

Why in the discussion? Recently, the Reserve Bank of India said that due to high trade deficit compared to 1.1% during the same period last year, the current account deficit (CAD) for the July-September quarter increased to 2.9% of GDP. key points The deficit for the second quarter was $ 19.1 billion compared to $ 6.9 billion in the same period last year.  The CAD for the April-June quarter was 2.4% or $ 15.9 billion of GDP. The central bank said that the increase in CAD on an annual basis was mainly due to higher trade deficit of $ 50 billion this year compared to $ 32.5 billion last year. According to experts, due to the sharp rise in oil prices, the current account deficit increased.  But now prices have decreased by 31% from the top level.  Despite the rupee depreciation against the dollar, there is an increase in exports.  Hence, the entire year of the current account deficit is not expected to remain high this way. Due to the increase in net income f...

Why in the discussion? Recently a research findings published in The Lancet Planetary Health were released in ICMR.  According to which, air pollution in India was responsible for one of the eight deaths in India in 2017, which proved to be a major risk factor for the deaths in India. key points According to the comprehensive estimates before the reduction in life expectancy associated with air pollution in each State published by the India State-Level Disease Burden Initiative, 18% of the world's population, due to the global air pollution Includes 26% of the burden of premature deaths and illness. India State Level Disease Burden Initiative, Indian Council of Medical Research-ICMR, Public Health Foundation of India-PHFI and Institute for Health Metrics and Evaluation - IHME) is a Joint Venture that operates with the help of experts and stakeholders associated with over 100 Indian institutions in collaboration with the Ministry of Health and Family Welfare. The main fi...