🔆Committees on Western Ghats:
📍Sanjay Kumar Committee:
✅Formed to review state objections on ESA demarcations and validate proposed exclusions.
✅Will conduct field visits to verify if demands for village exclusions from ESA listings are justified.
✅Seeks to finalize the ESA status for villages, restricting activities harmful to biodiversity.
📍Madhav Gadgil Committee (2011):
✅Established by UPA government to propose protection measures for the Western Ghats.
✅Recommended designating the entire Western Ghats as ecologically sensitive.
✅Proposed the creation of a dedicated ecological authority to regulate development.
✅Report suggested rigorous conservation, but its recommendations were not fully adopted.
📍Kasturirangan Committee (2012):
✅Formed as a follow-up to the Gadgil Committee to provide a more moderate approach.
✅Based ESA demarcations on 37% of the Western Ghats, focusing on forested areas.
✅Emphasized a balance between conservation and developmental needs, allowing limited activity in specific areas.
📍Sanjay Kumar Committee:
✅Formed to review state objections on ESA demarcations and validate proposed exclusions.
✅Will conduct field visits to verify if demands for village exclusions from ESA listings are justified.
✅Seeks to finalize the ESA status for villages, restricting activities harmful to biodiversity.
📍Madhav Gadgil Committee (2011):
✅Established by UPA government to propose protection measures for the Western Ghats.
✅Recommended designating the entire Western Ghats as ecologically sensitive.
✅Proposed the creation of a dedicated ecological authority to regulate development.
✅Report suggested rigorous conservation, but its recommendations were not fully adopted.
📍Kasturirangan Committee (2012):
✅Formed as a follow-up to the Gadgil Committee to provide a more moderate approach.
✅Based ESA demarcations on 37% of the Western Ghats, focusing on forested areas.
✅Emphasized a balance between conservation and developmental needs, allowing limited activity in specific areas.
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🔆 Government Securities (G-Sec) :
✅ A Tradable instrument issued by the Central Government or the State Governments.
✅ A G-Sec is a type of debt instrument issued by the government to borrow money from the public to finance its Fiscal Deficit.
✅ Kinds :
◽️Short : Term (usually called treasury bills, with original maturities of less than one year
◽️Long : Term (usually called Government bonds or dated securities with original maturity of one year or more)
✅ Issuer :
🔸️ Central Government - issues both, treasury bills & bonds or dated securities
🔸️ State Government - Only bonds or dated securities [State Development Loans (SDLs)]
✅ G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
✅ Issue Mechanism : The RBI conducts Open Market Operations (OMOs) for sale or purchase of G-secs to adjust money supply conditions.
✅ A Tradable instrument issued by the Central Government or the State Governments.
✅ A G-Sec is a type of debt instrument issued by the government to borrow money from the public to finance its Fiscal Deficit.
✅ Kinds :
◽️Short : Term (usually called treasury bills, with original maturities of less than one year
◽️Long : Term (usually called Government bonds or dated securities with original maturity of one year or more)
✅ Issuer :
🔸️ Central Government - issues both, treasury bills & bonds or dated securities
🔸️ State Government - Only bonds or dated securities [State Development Loans (SDLs)]
✅ G-Secs carry practically no risk of default and, hence, are called risk-free gilt-edged instruments.
✅ Issue Mechanism : The RBI conducts Open Market Operations (OMOs) for sale or purchase of G-secs to adjust money supply conditions.
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Simon Commission - Nov 1927
Delhi Proposals - Dec 1927
Simon Commission arrived India - Feb 1928
Nehru Report - Aug 1928
Jinnah's 14 points - March 1929
INC Lahore session - Dec 1929
Simon Commission report - 1930
Delhi Proposals - Dec 1927
Simon Commission arrived India - Feb 1928
Nehru Report - Aug 1928
Jinnah's 14 points - March 1929
INC Lahore session - Dec 1929
Simon Commission report - 1930
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🔆NABARD: National Bank for Agriculture and Rural Development
✅ Established - 1982 [ B. Sivaraman Committee ]
✅ Statutory body under NABARD ACT 1981.
✅ Headquarters - Mumbai
✅ Owner - Fully owned by government.
✅ Operates Under : Department of Financial Services (DFS) under the Ministry of Finance.
✅ All India Financial Institution
✅ Supervise :
1. Regional rural banks ( RRB )
2. State co- operative agriculture & rural development bank ( SCARDBs )
3. Commercial banks ( CBs )
4. State co - operative banks ( SCBs )
5. Other Financial institutions under RBI
✅ Established - 1982 [ B. Sivaraman Committee ]
✅ Statutory body under NABARD ACT 1981.
✅ Headquarters - Mumbai
✅ Owner - Fully owned by government.
✅ Operates Under : Department of Financial Services (DFS) under the Ministry of Finance.
✅ All India Financial Institution
✅ Supervise :
1. Regional rural banks ( RRB )
2. State co- operative agriculture & rural development bank ( SCARDBs )
3. Commercial banks ( CBs )
4. State co - operative banks ( SCBs )
5. Other Financial institutions under RBI
👍7❤3
🔆 Shanghai Cooperation Organisation (SCO) :
✅ Origin - Shanghai Five (1996) : China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan.
✅ 2001 : Adding Uzbekistan as a sixth member , The Shanghai Five was renamed the SCO.
✅ 2015 : The SCO decided to admit India and Pakistan as full members.
✅ 2016 : India and Pakistan signed the memorandum of obligations in Tashkent (Uzbekistan), thereby starting the formal process of joining the SCO as full members.
✅ 2017: India and Pakistan officially joined SCO as full members
✅ 2021: It was announced that Iran would become a full member of the SCO.
✅ Headquarter - Beijing, China
🔸 Members - China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan
🔸Observers - Afghanistan, Belarus, and Mongolia
🔸Dialogue Partners - Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
✅ Structure :
🔸 The Council of Heads of State
🔸 The Council of Heads of Government
🔸 The Council of Foreign Ministers
🔸 The Regional Anti-Terrorist Structure
✅ Significance - Addresses security issues in Asia with primarily Asian members.
✅ 23rd Shanghai Cooperation Organization (SCO) Summit : Hosted By India
✅ SCO Summit 2024(24th) - Astana, Kazakhstan
🔸Belarus has become the 10th member state of the SCO
✅ Origin - Shanghai Five (1996) : China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan.
✅ 2001 : Adding Uzbekistan as a sixth member , The Shanghai Five was renamed the SCO.
✅ 2015 : The SCO decided to admit India and Pakistan as full members.
✅ 2016 : India and Pakistan signed the memorandum of obligations in Tashkent (Uzbekistan), thereby starting the formal process of joining the SCO as full members.
✅ 2017: India and Pakistan officially joined SCO as full members
✅ 2021: It was announced that Iran would become a full member of the SCO.
✅ Headquarter - Beijing, China
🔸 Members - China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan
🔸Observers - Afghanistan, Belarus, and Mongolia
🔸Dialogue Partners - Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
✅ Structure :
🔸 The Council of Heads of State
🔸 The Council of Heads of Government
🔸 The Council of Foreign Ministers
🔸 The Regional Anti-Terrorist Structure
✅ Significance - Addresses security issues in Asia with primarily Asian members.
✅ 23rd Shanghai Cooperation Organization (SCO) Summit : Hosted By India
✅ SCO Summit 2024(24th) - Astana, Kazakhstan
🔸Belarus has become the 10th member state of the SCO
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🔆 Shanghai Cooperation Organisation (SCO) :
✅ Origin - Shanghai Five (1996) : China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan.
✅ 2001 : Adding Uzbekistan as a sixth member , The Shanghai Five was renamed the SCO.
✅ 2015 : The SCO decided to admit India and Pakistan as full members.
✅ 2016 : India and Pakistan signed the memorandum of obligations in Tashkent (Uzbekistan), thereby starting the formal process of joining the SCO as full members.
✅ 2017: India and Pakistan officially joined SCO as full members
✅ 2021: It was announced that Iran would become a full member of the SCO.
✅ Headquarter - Beijing, China
🔸 Members - China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan
🔸Observers - Afghanistan, Belarus, and Mongolia
🔸Dialogue Partners - Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
✅ Structure :
🔸 The Council of Heads of State
🔸 The Council of Heads of Government
🔸 The Council of Foreign Ministers
🔸 The Regional Anti-Terrorist Structure
✅ Significance - Addresses security issues in Asia with primarily Asian members.
✅ 23rd Shanghai Cooperation Organization (SCO) Summit : Hosted By India
✅ SCO Summit 2024(24th) - Astana, Kazakhstan
🔸Belarus has become the 10th member state of the SCO
✅ Origin - Shanghai Five (1996) : China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan.
✅ 2001 : Adding Uzbekistan as a sixth member , The Shanghai Five was renamed the SCO.
✅ 2015 : The SCO decided to admit India and Pakistan as full members.
✅ 2016 : India and Pakistan signed the memorandum of obligations in Tashkent (Uzbekistan), thereby starting the formal process of joining the SCO as full members.
✅ 2017: India and Pakistan officially joined SCO as full members
✅ 2021: It was announced that Iran would become a full member of the SCO.
✅ Headquarter - Beijing, China
🔸 Members - China, India, Kazakhstan, Kyrgyzstan, Russia, Pakistan, Tajikistan, Iran, and Uzbekistan
🔸Observers - Afghanistan, Belarus, and Mongolia
🔸Dialogue Partners - Armenia, Azerbaijan, Cambodia, Sri Lanka, Turkey, Egypt, Nepal, Qatar, and Saudi Arabia
✅ Structure :
🔸 The Council of Heads of State
🔸 The Council of Heads of Government
🔸 The Council of Foreign Ministers
🔸 The Regional Anti-Terrorist Structure
✅ Significance - Addresses security issues in Asia with primarily Asian members.
✅ 23rd Shanghai Cooperation Organization (SCO) Summit : Hosted By India
✅ SCO Summit 2024(24th) - Astana, Kazakhstan
🔸Belarus has become the 10th member state of the SCO
👍5❤2
🔆 Goods and Services Tax (GST) :
✅ Introduced - 101st Constitution Amendment Act, 2016
✅ Slogan - ‘One Nation One Tax’.
✅ Legislative Basis :
🔸️In India, GST Bill was first introduced in 2014 as The Constitution (122nd Amendment) Bill.
🔸️This got an approval in 2016 and was renumbered in the statute by Rajya Sabha as The Constitution (101 Amendment) Act, 2016.
✅ Subsumed Indirect Taxes - Excise duty, Value Added Tax (VAT), Service tax, Luxury tax etc.
✅ 4-Tier Tax Structure - 5%, 12%, 18% and 28%.
✅ Components 4️⃣ : Central GST (CGST), State GST (SGST), Union Territories GST (UTGST), and Integrated GST (IGST).
⭕️ The Goods and Services Tax Council :
✅️ Constitutional body , Article 279A
✅️ Secretariat - New Delhi
✅️ Chairperson - The Union Finance Minister
✅️ Members :
🔸The Union Minister of State in charge of Revenue or Finance
🔸The Minister in charge of Finance or Taxation or any other Minister nominated by each state government
✅️ Vice -Chairperson - Council from the States have to choose one amongst themselves as the Vice-Chairperson of the Council.
✅ Introduced - 101st Constitution Amendment Act, 2016
✅ Slogan - ‘One Nation One Tax’.
✅ Legislative Basis :
🔸️In India, GST Bill was first introduced in 2014 as The Constitution (122nd Amendment) Bill.
🔸️This got an approval in 2016 and was renumbered in the statute by Rajya Sabha as The Constitution (101 Amendment) Act, 2016.
✅ Subsumed Indirect Taxes - Excise duty, Value Added Tax (VAT), Service tax, Luxury tax etc.
✅ 4-Tier Tax Structure - 5%, 12%, 18% and 28%.
✅ Components 4️⃣ : Central GST (CGST), State GST (SGST), Union Territories GST (UTGST), and Integrated GST (IGST).
⭕️ The Goods and Services Tax Council :
✅️ Constitutional body , Article 279A
✅️ Secretariat - New Delhi
✅️ Chairperson - The Union Finance Minister
✅️ Members :
🔸The Union Minister of State in charge of Revenue or Finance
🔸The Minister in charge of Finance or Taxation or any other Minister nominated by each state government
✅️ Vice -Chairperson - Council from the States have to choose one amongst themselves as the Vice-Chairperson of the Council.
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