25 Mar 2023: UPSC Exam Comprehensive News Analysis

CNA 25 March 2023:- Download PDF Here

TABLE OF CONTENTS

A. GS 1 Related
B. GS 2 Related
POLITY
1. Disqualification of an MP
C. GS 3 Related
SECURITY
1. Supreme Court on banned outfits
D. GS 4 Related
E. Editorials
INDIAN CONSTITUTION AND POLITY
1. A chilling remark and the β€˜price to pay’
F. Prelims Facts
1. Pradhan Mantri Ujjwala Yojana (PMUY)
2. Securities Transaction Tax
3. GST Appellate Tribunal
4. Tamil Sangamams
G. Tidbits
H. UPSC Prelims Practice Questions
I. UPSC Mains Practice Questions
FIP Magazine

2. Securities Transaction Tax

Syllabus: GS03-Economy

Prelims: Taxation system in India

Context: Securities Transaction Tax on derivatives

Key Details:

  • The Union government has raised the Securities Transaction Tax (STT) on futures and options contracts in the stock market by 25% from April 1, 2023.
  • In the Finance Bill 2023, passed by the Lok Sabha on March 24, 2023, the Securities Transaction Tax (STT) on options is proposed to be increased to 0.0625 percent from 0.05 per cent and on futures contracts to 0.0125 from 0.01 per cent.
  • The main objective of the government is to shore up its revenue and at the same time to curb excessive speculation in this segment of the market since the move will increase the cost of trading.Β 
  • Analysts opined that higher STT will shore up the government’s revenues to some extent and also discourage excessive trading since a large number of retail traders are losing money in the segment.
  • This move may also push some traders to offshore markets that do not attract such taxes for participants who have access to them.

3. GST Appellate Tribunal

Syllabus: GS03-Economy

Prelims: Good and Services Tax

Context: Lok Sabha approves setting up of GST Appellate Tribunal

Key Details:

  • The Lok Sabha passed Finance Bill, 2023 with 64 amendments, including one that seeks to set up the GST Appellate Tribunal (GSTAT).
    • Currently, taxpayers are filing writ petitions before high courts in the absence of an appellate tribunal.
  • The amended Finance Bill, 2023 proposed the substitution of section 109 of the Central GST Act in order to facilitate the creation of the GSTAT and its benches.
  • As per the amendment, benches of the GST Appellate Tribunal would be set up in every State while there will be a principal bench in Delhi which will hear appeals related to β€˜place of supply.’
  • The tribunals are expected to lower the burden on high courts, Supreme Court and provide taxpayers reprieve.

Read more on Tribunals in India.

4. Tamil Sangamams

Syllabus: GS01-Ancient History

Prelims: Sangam Age; Mahmud Ghazni

Context: Government to organise Tamil Sangamams in Saurashtra and Uttarakhand.

Key Details:

  • The Union government is set to hold the Saurashtra-Tamil Sangamam in Gujarat from April 17 to 26 similar to Kashi-Tamil Sangamam under the Ek Bharat Shreshtha Bharat initiative.
  • The Sangamam would celebrate the cultural links between Gujarat and Tamil Nadu that have been formed due to the large Saurashtra Tamil community.Β 
  • The 10-day event would be held in four different places, i.e., Somnath, Dwarka, Rajkot and the Statue of Unity at Kevadia.
  • It is planned by the National Institute of Technology, Tiruchirappalli, and Saurashtra University in Rajkot.
  • The third will be the Kedarnath-Tamil Sangamam, which will celebrate the civilisational links between people from southern states and the sacred shrines of Uttarakhand in the north.
    • The event is at an ideation stage, and work is underway to conceptualise the links between the two places.

Gujarat-South Connection:

  • Originally from the Gujarat region, the Saurashtrian community now mostly resides in the southern states of Tamil Nadu, Andhra Pradesh, and Karnataka.
    • A significant Saurashtrian community lives in the Madurai region of Tamil Nadu.
  • Their migration to the southern parts of the country is believed to be primarily a result of the desecration of the Somnath Temple, their religious centre, by Mahmud Ghazni in 1024.

Kedarnath-South Connection:

  • Kedarnath, one of the four sacred shrines of Shiva among the Char Dham (four shrines), situated on the banks of Mandakini, 3,583 metres above sea level, is the eleventh out of 12 jyotirlingas (shrines dedicated to Shiva) of India.Β 
    • The Char Dham also comprises Badrinath, Gangotri, and Yamunotri temples.
  • Every year thousands of people from Tamil Nadu and other southern States, including Karnataka and Kerala, visit Kedarnath.
  • The priests of Kedarnath were chosen by the Rawals, who belonged to Karnataka’s Veerashaiva Lingayat community.
  • Apart from Kedarnath, people from the south also visit the Badrinath shrine in large numbers, to perform Pind Daan and Tarpan (part of the last rites in Hinduism), at the Brahm Kapal temple situated in Badrinath.

H. UPSC Prelims Practice Questions

Q1. Consider the following statements: (Level-Difficult)
  1. The Polluter Pays Principle (PPP) was first recommended by the European Union in 1972.
  2. Maharashtra and Kerala have three wetlands which are deemed to be of “international importance” under the Ramsar Convention.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both
  4. None
CHECK ANSWERS:-

Answer: b

Explanation:

  • Statement 01 is incorrect, The Polluter-Pays Principle (PPP) was adopted by OECD in 1972 as an economic principle for allocating the costs of pollution control.
  • Statement 02 is correct, Maharashtra and Kerala have three wetlands which are deemed to be of “international importance” under the Ramsar Convention.
    • Kerala – Ashtamudi Wetland; Vembanad-Kol Wetland; Sasthamkotta Lake.
    • Maharashtra – Nandur Madhameshwar; Thane Creek; Lonar Lake.
Q2. With respect to Parole, which of the following statements is/are correct? 
(Level-Difficult)
  1. It is the right of the prisoner.
  2. The sentence of the convict goes along with the parole period.
  3. It can be granted a number of times.

Options:

  1. 1 only
  2. 2 and 3 only
  3. 3 only
  4. None
CHECK ANSWERS:-

Answer: c

Explanation:

  • Statement 01 is incorrect, Parole is a system of releasing a prisoner with the suspension of the sentence. The release is conditional, usually subject to behaviour, and requires periodic reporting to the authorities for a set period of time. Parole is not a right.
  • Statement 02 is incorrect, The sentence of the convict goes along with the furlough period. However, in the case of parole, the days of leave are not included in the sentence period.
    • Furlough is given in cases of long-term imprisonment. Unlike parole, furlough is seen as a matter of right for a prisoner.
  • Statement 03 is correct, Parole can be granted a number of times and is given to a prisoner for a specific reason, such as a death in the family or a wedding of a blood relative.
Q3. Which of the following statements is/are correct? (Level-Medium)
  1. No alteration in the boundaries of a tiger reserve shall be made except on a recommendation of the Tiger Conservation Authority and the approval of the Secretary, Ministry of Environment, Forest & Climate Change.
  2. Project Tiger is a tiger conservation programme launched by the Government of India during Prime Minister Indira Gandhi’s tenure.
  3. It is a Centrally Sponsored Scheme of the Ministry of Environment.

Options:

  1. 1 and 2 only
  2. 2 and 3 only
  3. 1 and 3 only
  4. 1, 2 and 3
CHECK ANSWERS:-

Answer: b

Explanation:

  • Statement 01 is incorrect, Β No alteration in the boundaries of a tiger reserve shall be made except on a recommendation of the Tiger Conservation Authority and the approval of the National Board for Wild Life.
  • Statement 02 is correct, Project Tiger was launched in November 1973 by the Government of India during Prime Minister Indira Gandhi’s tenure.
  • Statement 03 is correct, Project Tiger is an ongoing Centrally Sponsored Scheme of the Ministry of Environment, Forests and Climate Change providing central assistance to the tiger States for tiger conservation in designated tiger reserves.
Q4. With respect to the Abel Prize, which of the following statements is/are correct?
(Level-Difficult)
  1. The Abel Prize is awarded annually to an outstanding international mathematician.
  2. It is administered by the Norwegian Academy of Science and Letters on behalf of the Norwegian government.

Options:

  1. 1 only
  2. 2 only
  3. Both
  4. None
CHECK ANSWERS:-

Answer: c

Explanation: The Abel Prize is awarded every year to facilitate outstanding mathematicians. It is named after Niels Henrik Abel who is considered Norway’s greatest mathematician. It was established by the Norwegian Parliament in 2002, on the occasion of the 200th birth anniversary of Niels Henrik Abel.

The Abel Prize is given by the Norwegian Academy of Science and Letters, on behalf of the Ministry of Education of the Norwegian Parliament.

Q5. On which one of the following rivers is the Tehri Hydropower Complex located?
(CSE-PYQ-2008) (Level-Difficult)
  1. Alaknanda
  2. Bhagirathi
  3. Dhauliganga
  4. Mandakini
CHECK ANSWERS:-

Answer: b

Explanation: Tehri Dam is a multi-purpose rock and earth-fill embankment dam on the Bhagirathi River in Uttarakhand.

CNA 25 March 2023:- Download PDF Here

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