BS Yediyurappa may leave tax rates unchanged in new budget
Chief minister BS Yediyurappa is under pressure to fill a large revenue gap in the state’s finances, but he is unlikely to raise taxes in the forthcoming budget.
The government, experts say, should instead focus on generating more revenue from non-tax sources such as asset monetisation and leverage an additional borrowing window provided by the Centre.
The government had expected tax revenues of more than Rs 1.1 lakh crore in 2020-21, but it is likely to miss the target by at least Rs 5,000 crore because of the economic disruption triggered by the pandemic. Revenue from commercial taxes and duties on liquor sales has improved strongly, but stamp & registration duty and motor vehicle tax collections have lagged.
Karnataka has limited scope to alter taxes in the GST regime. It can propose rates for only commodities such as petroleum products and liquor, apart from property and vehicle registration.
Highlights of Food Waste Index Report
The United Nations Environment Programme (UNEP) released the “Food Waste Index Report 2021”. According to the UNEP report, an estimated 931 million tons of food was wasted worldwide in 2019. The agency also emphasized that this amount of wasted food may cause the earth to orbit the earth 7 times. Highlights:
The index report is published by UNEP in cooperation with partner organization WRAP. Of the total waste generation, households accounted for 61% of waste, food services accounted for 26% of foo waste, and retail accounted for 13%.
The report also emphasized that 17% of total global food production was wasted. According to the agency, the weight is approximately equal to 23 million full-loaded 40-ton trucks, enough to make the earth circle seven times.
The annual per capita possession is 91,646,213 tons. According to the report, every country that measures food waste basically has nothing to do with income levels.
Food waste in India: The average household waste in India is 50 kilograms per person per year, which is equivalent to 68,760,163 tons per year. On the other hand, household food waste in the United States is 59 kilograms per capita per year, which is equivalent to 19,359,951 tons per year. The report emphasizes that in China, household waste is 64 kilograms per person per year and 91,646,213 tons per year
Maharashtra, Tamil Nadu & Uttar Pradesh top states in employability: Skills report
Maharashtra, Tamil Nadu and Uttar Pradesh remained the top three states with the highest employable talent, according to the India Skills Report 2021. Karnataka takes the fourth spot followed by Andhra Pradesh. Bangalore is among the most preferred cities to work for aspiring professionals, the report said.
Rajasthan and West Bengal come in the top 10 states with employable talent, yet remain below Karnataka, Andhra Pradesh, Delhi, Telangana and Gujarat respectively. Haryana could not make it to this list again, despite the massive push from numerous skill development measures.
The report, prepared by Wheebox in partnership with Taggd, CII, AICTE, AIU and UNDP, showed that 46% of the youth were considered highly employable resources. This is far less than the previous years, indicating a skill gap in education, it said, adding that this is still an encouraging statistic considering that the average age of India is 26.8 years old.
More women were found employable than men. In fact, the number of women enrolled in colleges and degree programs have increased over the past, the report said. The report is based on the assessment of 65,000 candidates.
Earliest cotton in Arabia came from India: Study
For about 600 years, Mleiha was the political centre of southeast Arabia before it was abandoned in the 3rd century CE. And for decades, the emergence of the tropical cotton plant in the arid Arabian peninsula has been a question archaeologists have tried to answer. Oman, they had concluded, was the source of the ancient Arab cotton trade. But now, scientists from the Museum of Natural History in Paris have found evidence in Mleiha that the earliest cotton in the Arab region came from northwest India.
The irony, however, is that a fire which ravaged one of its most important buildings of Mleiha is also what preserved it for posterity. Within this Unesco World Heritage Site in the United Arab Emirates lies a tableaux frozen in fire. It’s a mud brick building with 15 rooms around a central courtyard with signs of a life hastily abandoned in forgotten objects and prized possessions carelessly thrown around, and, the evidence of an ancient Indian trade route, cotton — specifically, 31 whole seeds, 79 fragments and 7 raw fibre clusters.
Municipal Performance Index by Union Ministry
Municipal Performance Index 2020 has been released by the Ministry of Housing and Urban Affairs (MoHUA) Highlights:
The 2020 Municipal Performance Index (MPI): MPI reviewed the sectoral performance of 111 cities in five verticals (Delhi was evaluated by NDMC and three municipal companies).
These verticals consist of 20 industries and a total of 100 indicators. The five vertical areas under MPI are service, finance, policy, technology and governance.
According to the assessment framework of MPI 2020, cities are classified according to their populations of “million+” (cities with a population of more than one million) and “population of less than one million”.
In the “Millionaire” category: Indore has become the highest-ranked municipality, followed by Surat and Bhopal. In the “less than a million” category: The New Delhi Municipal Council has become the leader, followed by Tirupati and Gandhinagar.KPSC Notes brings Prelims and Mains programs for KPSC Prelims and KPSC Mains Exam preparation. Various Programs initiated by KPSC Notes are as follows:-
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