Context: The Bruhat Bengaluru Mahangara Palike’s (BBMP) proposal for a Solid Waste Management (SWM) Cess highlights the financial strain ULBs face in managing India’s burgeoning solid waste crisis. ULBs and SWM: The Solid Waste Management Rules, 2016 authorize ULBs to levy user fees or SWM cess to recover costs associated …
Read More »Daily Archives: June 21, 2024
Angel Tax and Indian Startup Companies
Context: Indian industry bodies have expressed concerns regarding the Angel Tax, particularly its recent expansion in the Finance Bill 2023. This development comes amidst a decline in startup funding and job losses. Understanding Angel Tax: Angel Tax refers to the income tax levied on unlisted companies that issue shares to …
Read More »Vadhavan Port Project and India’s Maritime Infrastructure
Context: The Union Cabinet recently approved the development of the Vadhavan Port, a major greenfield deep-draft port project in Maharashtra. This ambitious project, estimated to cost ₹76,200 crore, is poised to significantly enhance India’s maritime infrastructure. Project Details: Implementation: The port will be constructed by Vadhavan Port Project Limited (VPPL), …
Read More »Double Sun Halo – Magic of Ice Crystals
Context: A recent celestial spectacle in Ladakh captivated observers with the appearance of a rare phenomenon – the double sun halo. While sun halos are more common in certain parts of India, a double halo is a rarer sight, especially at high altitudes like Ladakh. Understanding Sun Halos: A Common …
Read More »GREAT Scheme for textile sector in India
Introduction: The GREAT Scheme is an initiative by the Ministry of Textiles, Government of India. It aims to boost innovation and entrepreneurship in the technical textiles sector. Objectives: Promote research and development: GREAT encourages scientists, technologists, and startups to translate their ideas into commercially viable products and technologies for technical …
Read More »நடப்பு நிகழ்வுகள் நாள்: 21 /06/2024