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Current Affairs 07 May 2024

CONTENTS  Issues Faced by MSMEs Context: The Union Budget 2023-24 implemented a new provision in the Income-Tax (IT) Act to ensure prompt payments to micro, small, and medium enterprises (MSMEs) within 45 days of the supply of goods or services. However, an unexpected consequence has arisen from this provision. Large companies are reportedly canceling orders […]

PIB Summaries 07 May 2024

CONTENTS India to Host Antarctic Treaty Consultative Meeting Context: India, represented by the Ministry of Earth Sciences (MoES) and the National Centre for Polar and Ocean Research (NCPOR), will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in Kochi, Kerala, from May […]

Editorials/Opinions Analysis For UPSC 07 May 2024

CONTENTS Tamil Nadu and Kerala Should Discuss Dam Safety Context: The recent petition filed by Tamil Nadu in the Supreme Court of India regarding the ongoing Mullaperiyar dam dispute underscores the persistent issues with Kerala even a decade after the Court’s landmark decision permitting water storage up to 142 ft., up from the previously restricted […]