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The Hindu Analysis Free PDF Download

Date: 11 September 2021

Automobile PLI’s EV focus is welcome | Fin Exp

  • Production-linked incentive (PLI) only electric vehicles
  • Painful for manufacturers of ICE vehicles
  • Electric two-wheeler market might not be very big today
  • In all, 2.37 lakh EV vehicles were sold in FY21.
  • A whole new set-up would be needed for EVs
  • Automakers understand that here is a huge market waiting to be tapped
  • The government must continue to roll out incentives.
  • The outlay for the auto PLI is believed to have been slashed by about half from the allocation—for all vehicles—of Rs 58,000 crore.
  • That’s a tidy sum of Rs 29,000 crore, enough to get the scheme going, but the government must throw in more if needed.
  • A couple of months back, the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme for electric two-wheelers was reworked to bring down the up-front of both two- and three-wheelers.
  • The transition to EVs is, of course, critical if India is to reduce carbon emissions and meet COP 21 targets
  • Road transport contributes about a fourth of carbon emissions
  • India’s huge oil bill would come down
  • The PLI for advanced chemistry cell (ACC) batteries

Prudent step | Pioneer

  • Taliban’s ascent to power in Afghanistan
  • Centre is reviewing the security situation in J&K
  • Taliban - al-Qaeda + Lashkar-e-Taiba + Jaish-e-Mohammad
  • India, theoretically, does share a border with Afghanistan

  • The ‘border’ abuts the Wakhan Corridor in Afghanistan’s Badakshan province.
  • It separates Afghanistan from Gilgit Baltistan in Pakistan-occupied Kashmir.
  • This shows how strategically placed Gilgit Baltistan is from the Indian security perspective.
  • If India gets access to it, a trade route can be opened with Afghanistan, bypassing Pakistan.
  • Afghanistan’s border with China is also in this region. It is a 91-km-long stretch at the end of the Wakhan Corridor, beginning at Gilgit Baltistan and ending at the tri-point where Afghanistan, China and Tajikistan meet.
  • It is that Pakistan may take advantage of the situation in Afghanistan and the absence of the United States troops to encourage the terror groups patronised by it to try to enter Kashmir through Afghan territory.
  • The Taliban have said they have a right to raise their voice for Kashmiri Muslims.
  • The al-Qaeda has also issued a call for the liberation of Kashmir.

Income Tax Returns filing deadline extended again | FPJ

  • CBDT further extended the last date for filing income tax return for the salaried class and others sans business income for the assessment year 2021-22 to December 31, 2021 from September 30, 2021.
  • Glitches in the new I-T return filing portal
  • Last year we had first wave of Coronavirus
  • A couple of years ago, citizens in Kerala were given generous extension when rains and floods wrecked havoc in the state.
  • But honesty doesn’t absolve it and the finance ministry mandarins of the charge of inefficiency and ineptness.
  1. Ill-timed launch of a new portal:
  • What was the tearing hurry in launching a new portal bang in the beginning of a busy I-T Returns filing season-- June 7, 2021 to be precise?
  • It could have been launched during the lull period-which is November to March, during which time all deadlines for filing returns are over.
  1. No trial runs
  • Why was the new portal launched without dummy returns in adequate numbers ranging from the simple to the most complicated by the mandarins of the finance ministry?
  • It is surprising that heads haven’t rolled in the finance ministry for this monumental botch-up.
  1. No tax experts' services engaged:
  • Why did Infosys, the IT service provider giant, not engage the services of tax experts alongside techies each step of the way, given the fact that domain expertise-above anything else, is most important in banking and tax software?
  • The system throws up weird warnings like losses from house property cannot exceed Rs 2 lakh whereas this limit is not applicable for let-out properties.
  • Willy-nilly, an impasse has been reached preventing completion of the I-T Return filing process.
  • No landlord reporting loss in excess of Rs 2 lakh would settle for this limit imposed by the faulty system and not by the law.
  1. Run old and new portals simultaneously:
  • And pray, why not allow for parallel run of the old and new portals?
  • Kotak Mahindra Bank, for example, launched its new net banking portal some six months ago, but it has had the sensitivity and commercial sense to allow its customers to continue to use the old one so that they come to terms with the new system gradually.
  • Even now, it is not too late.
  • The CBDT can and should allow parallel run of both old and new portal, which would obviate the need for extension till December 31, 2021 and beyond.
  1. Don’t fix anything that ain’t broken:
  • Nobody knows why the new portal was launched and that too at a considerable expense when the old one was working fairly smoothly sans glitches.
  • There are many assessees who file their returns early so as to get refund of excess tax deducted at source.
  • They will have to now sit tight and wait, for no fault of theirs, particularly when they are unable to complete the process of I-T return filing due to say not getting Aadhaar OTP or for any other systemic glitch.

NEWS

  • PM Modi reviews COVID-19 situation; States asked to maintain buffer stock of medicines at district level
  • Country's COVID-19 vaccination coverage reaches nearly 73 crore mak
  • PM Modi lauds Goa for administering 1st dose of COVID 19 vaccines to 100% eligible population in State
  • Govt announces two new 100 bedded Employees' State Insurance Corporation hospitals in Karnataka
  • National Eligibility cum Entrance Test, Postgraduate, 2021 Examination to be held today
  • India to host inaugural India-Australia 22 Ministerial Dialogue today
  • Central Govt launches 7 food processing projects in Uttar Pradesh, Andhra Pradesh & Tamil Nadu
  • WCD Minister Smriti Irani meets Australian Foreign Minister Marise Payne in New Delhi
  • UAE lifts restrictions on entry for fully vaccinated residents; Indians may fly into UAE from Sep 12
  • World Suicide Prevention Day was observed yesterday
  • Covid cases among children surge in US as children go back to school
  • Super typhoon Chanthu threatens Philippines, Taiwan

Q.) Emergencies Minister of which country has died trying to save a filmmaker?

  • Russia
  • Germany
  • France
  • Brazil

Q.) Name the best higher education insitution in India by Union Ministry

  • IIT Madras
  • IIS, Bengaluru
  • IIT Kharagpur
  • IIT Mumbai