Current Affairs Based Mains Drill – 10 June 2021

Q) What do you understand about the global minimum corporate tax framework? In this context, discuss how it can help in targeting the issue of Base Erosion and Profit Shifting (BEPS). Also discuss its impact on developing countries like India. Why this question? Issue of current importance Key demand of the Question  Meaning of global minimum corporate tax framework, its role in fighting the issue of BEPS and its impact on developing countries. Directive Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments. Introduction  Give an overview of the global minimum corporate tax framework and why it has been in news. Body In the first part, explain how it can eliminate the issue of BEPS. In the next part, highlight its impact on India. Conclusion Conclude with a way forward. For Model Answers

 

Q) In India, a significant amount of time is spent in resolving disputes which has been the real bane of the Indian judiciary system. The e-courts project, if implemented, would go a long way in saving costs and time for the litigants. Comment. Why this Question? Important part of GS Paper- II. Key demand of the Question  Discuss in detail about the e-Courts project and how it can help in reducing the judicial pendency in India. Directive  Comment- here we have to express our knowledge and understanding of the issue and form an overall opinion thereupon. Introduction  Start with a context of the question. Body  In the first part, explain in detail about the e-Courts project. In the next part, highlight the significance of the project. Conclusion  Conclude with a way forward.  For Model Answers

 

Q) In the face of growing technological innovation in the financial sector, it is critical to strengthen the supporting regulatory frameworks of India that operate regardless of the nature of an instrument. In this context, critically examine the decision by the government to ban cryptocurrencies in India. Why this Question? Important part of GS Paper-III. Key demand of the Question  Meaning, advantages and concerns related to cryptocurrencies. Directive  Critically Examine – When asked to ‘Examine’, we have to look into the topic (content words) in detail, inspect it, investigate it and establish the key facts and issues related to the topic in question. While doing so we should explain why these facts and issues are important and their implications. When ‘critically’ is suffixed or prefixed to a directive, one needs to look at the good and bad of the topic and give a fair judgment. Introduction  Start with defining cryptocurrencies and their mechanism. Body  In the first part, write about the advantages of cryptocurrencies and how it can facilitate seamless transactions. In the next part, highlight the concerns related to it that have prompted the government to initiate a ban on such transactions. Conclusion Conclude with a way forward. For Model Answer

 

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