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Sanjeev Sanyal said 5 to 8 years of preparation for the civil services exam by lakhs of students is a “waste of youthful energy” | Latest News India

According to Chairperson Rajeeva Laxman Karandikar, while the National Statistical Commission has a broad mandate, it has only become an advisory body in practice

Citing the recent Mediation Act, 2023, the ECA-PM member called for a need to amend section 12A of the Commercial Courts Act, 2015 to make mediation voluntary saying it will reduce the timeline of dispute resolution by three to five months and lower the legal costs that entrepreneurs have to bear.

The Goods and Services Tax (GST) regime in India has shown positive outcomes, including revenue growth, formalization of the economy, reduced tax rates, and a more unified market, according to Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister. GST revenue collections have increased significantly since its launch in 2017, and a proposal has been made to create a GST Rate Index to track tax rate movements.

The paper also suggested that the government may consider putting in place a system to assimilate all the statutory/regulatory mandates from respective ministries and departments around labeling-related changes and notify them twice a year on pre-announced fixed dates.

A working paper, co-authored by EAC-PM member Sanjeev Sanyal, said that the government should opt for a system of graded fines and remove imprisonment provisions except in extreme cases for labeling offences in the commercial sector while simplifying the 2011 Packaging Rules and putting in place a system to consolidate all the statutory mandates from labeling related changes to improve the ease of doing business in the country.

In an op-ed, the economist said that the Constitution is largely based on the Government of India Act, 1935, and is, in that sense, a colonial legacy.

"On this 77th Independence Day, the Chairman of Economic Advisory Council to the PM has sounded the bugle for junking the Constitution - of which Dr. Ambedkar was a prime architect. He wants the country to embrace a brand new one," Ramesh said on X, formerly known as Twitter. In his article, Debroy wrote, "Our current Constitution is largely based on the Government of India Act of 1935. In that sense, it is also a colonial legacy. In 2002, there was a report by a commission set up...

The currently used NCERT textbooks are all based on the 2005 National Curriculum Framework (NCF).

The meeting comes after official estimates showed last month FY23 economic growth beat expectations with a 7.2% expansion but risks such as a slowdown in developed markets and possibility of El Nino impact on monsoon showers could be a drag this fiscal.