Published on: April 10, 2024
Snippets : 10 APRIL 2024
Snippets : 10 APRIL 2024
- The Karnataka High Court became the first high court to hear arguments of a speech and hearing impaired advocate through sign language. The bench presided over by Justice M Nagaprasanna recorded submissions made by advocate Sarah Sunny, who had argued before the Apex Court in October 2023, through a certified sign language interpreter
- Mamta G. Sagar, a Bengaluru-based Kannada poet, writer, academic and activist, has recently won the World Literary Prize from the World Organization of Writers (WOW) for her contributions to the world of literature
- A rare butterfly species named Neptis philyra has been recently discovered for the first time in India in Tale Valley Wildlife Sanctuary
- Bengaluru’s new property tax system categorizes properties into six heads, eliminates the zonal classification system, and introduces online tax calculation based on current guidance values. The system’s objective is to simplify taxation, with a maximum yearly tax increase of 10%, contrasting with the old system’s reliance on zonal classifications and the Self Assessment Scheme (SAS). This shift aims to ensure fairness, accuracy, and efficiency in tax collection, addressing leaks and securing a sustainable revenue stream for city governance.
- Maharashtra, Karnataka, and Gujarat are forecasted to achieve a $1 trillion economy by FY39, with Tamil Nadu following by FY41. Karnataka needs 8.4% annual GSDP growth, Maharashtra targets $1 trillion by FY28 with 5.5% growth, Gujarat aims for $1 trillion by FY31 with 8.3% growth, and Tamil Nadu targets $1 trillion by FY31 with 7.2% growth. Uttar Pradesh targets FY28 with a growth requirement of 29.0%, while Madhya Pradesh, Telangana, and Andhra Pradesh aim for trillion-dollar economies by FY47. The top five economies in FY23 are Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Uttar Pradesh, with Karnataka surpassing UP to become the third-largest economy. States are classified based on per capita income, with Goa and Sikkim in the upper middle-income category and UP and Bihar in the low-income group, reflecting diverse economic dynamics across India.
- India invoking the peace clause (Signed at Bali 2013) at the WTO for breaching the rice subsidy limit reflects ongoing challenges in trade regulations. The peace clause, providing temporary immunity, shields India from immediate repercussions as it seeks amendments to the subsidy calculation formula. The issue underscores the importance of finding a permanent solution to ensure compliance with WTO norms and address concerns regarding India’s minimum support price program, crucial for domestic food security
