January 25

1) Allegations of Child Sexual Abuse at State run Ashram schools in Maharashtra

  • NHRC has raised the issue regarding this
  • It is not the local phenomenon rather it is global
  • Most vulnerable are girl child
  • India is a signatory of UN’s 1989 Convention on the Rights of Children in 1992
  • Child Abuse:
    • It is an abusement happens to Child below 18 years both in physical and mental forms
  • The govt actions so far:
    • Enactment of Protection of Children from Sexual Offences Act, 2012
    • National Alliance on Child Sexual Abuse and Exploitation to deal with Online Sexual Abuse
  • Role by the Govt:
      • Effective implementation of the POCSO Act
      • Making Judiciary to make speedy trials
      • Giving stringent punishment to the culprits
      • NGOs and Media should be vibrant in creating awareness regarding Child Abuse
  • Additional points:
    • Student Police Cadet Scheme which is in Kerala should be made National.

2) India to ratify amended Kyoto Protocol:

  • Kyoto Protocol: 1997
    • Came into force in 2005
    • Imposed mitigation obligations on developed nations i.e., reduction in emissions of carbon by 5.2% of 1990 during 2008-2012 period
    • There was no obligations on developed countries
    • India committed to Clean Development Mechanism (CDM) projects regarding sustainable development priorities through this India can earn Carbon credits in adoption to Green energy sources of energy and India more investment because of its commitments
    • These Carbon can be traded in Emission Trading Market, but no there is no demand for this carbon credits due to non-ratification of Protocol by most of the Developed nations i.e., USA, Japan, Canada etc.
    • Kyoto Protocol has been amended in Doha, which increases the span of the Protocol from 2012 to 2020, which has been ratified by 75 countries falling far short of 144 needed to bring it into force

3) Pinaka:

  • Earlier it was Pinaka mark I which is not guided missile with range of 40km, now it is Pinaka mark II which is guided with high precision target with range of 70km.

4) Place of Effective Management: PoEM Rules

  • It is to control tax evasion by the companies those who hold effective management and make a commercial decisions in India but making profits outside India (Shell companies)
  • These rules become effective from this financial year

5) Employees Provident Fund (EPF):

  • Centre is planning to reduce Administrative charges for companies on EPF from 0.85% to 0.65% (these charges are collected to maintain staff in EPFO)
  • But proposal has been postponed to march due to Model code of conduct coming into force because of elections in 5 states (during this time the govt should not take any decisions that attract mass)
  • About EPF:
    • It is mandatory for workers from organised sector whose salary is less than or equal to 15000 to deposit in EPF accounts both by Employee and Employer which will yield an interest of 12% and 8.5% respectively on annual basis
    • The EPFO will invest this in the govt securities
    • Why workers are against EPF?
      • There is no workers choice to invest wherever they want it to
      • There is no tax advantage for the investment (workers depositing the amount which has already been taxed)
      • Already they getting low salary further deposition is bringing liquidity constraint to them
      • It is difficult to Access to the amount that is deposited
    • EPFO’s monopoly without giving choice for workers in alternative schemes as given to workers getting salary more than 15,000/- per month. Due to this EPF is becoming costlier than other private mutual funds due to combined administrative charges and service charges
    • At present EPF is following EEE model (Exemption at the time of deposition, Exemption during earning, Exemption during withdrawal) here exemption is from tax
    • Proposal:
      • To make EPF equivalent to National Pension Scheme (NPS) which follows EET model i.e., will be taxed during withdrawals
      • How?
        • During withdrawal, 60% of amount will be taxed unless it is used to buy annuity (any equity), this indicates the govt is discouraging savings
      • People with obvious negation to this proposal
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