Low Priority Items of the Day:
‘GST is hurting used-car business’
The introduction of the Goods and Services Tax (GST) has turned the used-car business topsy-turvy for organised players. At a time when the pre-owned car business is slowly coming on to the formal sector with more established players (especially carmakers) entering the fray, the applicability of GST on second-hand cars has placed a big question mark on the viability of the business, said sources in the industry.
It is not important to go through the effects of GST on every product. Just try to know its effects on essential products only.
Agusta deal middleman held in Italy
Wanted European middleman Carlos Gerosa has been apprehended by authorities in Italy on the basis of an Interpol notice activated by the ED in connection with its money laundering probe in the Rs. 3,600 crore AgustaWestland VVIP choppers deal case.
It is a serious corruption case. But it is not important to note down every improvement in court proceedings. Only the final verdict is important.
Economy will recover in 6 months: Gadkari
Former Union Minister Arun Shourie called the demonetisation effected last year the world’s “largest money-laundering scheme” in an interview to NDTV. “I don’t agree with his views. All the money deposited in bank accounts will have to be accounted for. Black money in the economy will be reduced substantially,” Mr. Gadkari said.
The statement by the minister is more like a political statement and a speculation. No need to go through articles which talks about speculations.
Gathering clouds over West Asia
West Asia is in a period of heightened uncertainty. In the Levant, regional powers are scrambling to fill the vacuum created by the steady dismantling of the Islamic State’s sham caliphate across Syria and Iraq.
The Op-Ed talks about foreign policies of two foreign nations. Only those articles are important from the UPSC perspective which can have any significant affect on India.
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