CrackitToday App

Cairn’s Offer On Retrospective Tax

Cairn’s Offer On Retrospective Tax: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow for the refund of taxes. The company will now be issued a ₹7,900 crore refund. In December 2020, a three-member international arbitral […]

India Becomes The Highest Recipient Of Remittances

India Becomes The Highest Recipient Of Remittances: According to the World Bank’s Migration and Development Brief, India has become the world’s largest recipient of Remittances, receiving USD 87 billion (a gain of 4.6 % from previous year) in 2021. India is followed by China, Mexico, the Philippines, and Egypt. The United States being the biggest […]

Protection Of Children From Sexual Offences Act (POCSO)

Protection Of Children From Sexual Offences Act (POCSO): The Supreme Court quashed a Bombay High Court decision to acquit a man charged with assault under the Protection of Children from Sexual Offences Act (POCSO) solely on the grounds that he groped the child over her clothes without “skin-to-skin” contact. “The act of touching a sexual […]

Panchayats Extension To Scheduled Areas (PESA) Act 1996

Panchayats Extension To Scheduled Areas (PESA) Act 1996: The Union Minister of Tribal Affairs Arjun Munda and the Union Minister for Rural Development & Panchayati Raj Giriraj Singh jointly inaugurated the one-day National Conference on provisions of the Panchayats Extension to Scheduled Areas (PESA) Act 1996 (PESA) in New Delhi. PESA seeks to protect the […]

What is Digital Lending?

Digital Lending: A Reserve Bank of India (RBI) Working Group (WG) on digital lending, including lending through online platforms and mobile apps has submitted its recommendations. Key recommendations: A separate legislation should be enacted to oversee such lending. Setup a nodal agency to vet the Digital Lending Apps. A Self-Regulatory Organisation should be set up […]

Sydney Dialogue: India 2021

The Sydney Dialogue: The Prime Minister delivered the keynote at the inaugural Sydney Dialogue via video conferencing. He spoke on the theme of India’s technology evolution and revolution. Highlights of the Address: The international order should ensure cryptocurrencies do not end up in the wrong hands. Citing the unregulated nature of the crypto market, recently, […]