The Hindu Editorial Vocabulary 24th December 2024

The Hindu Editorial Vocabulary 24th December 2024 is an effective tool for regularly learning new words and their contextual meanings. Candidates can utilize this free resource daily to improve their vocabulary knowledge, especially those preparing for government exams like the IBPS PO, SBI Clerk, SSC, and Others.

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Selective indecision: on the GST Council’s 55th meeting, decisions

The latest GST Council meeting’s outcomes signal a capricious (impulsive and unpredictable) approach

Well into the eighth year of India’s revamped indirect tax regime, the apex body governing the system met last Saturday and unveiled a flurry of decisions — including some rate changes and clarifications — that were punctuated by some broader issues it chose to kick down the road. That the Goods and Services Tax (GST) Council, with the Centre and States on board, had to wait for its 55th gathering to figure out that it needed to clarify that pepper and raisins supplied by farmers, gift vouchers and penalties levied on borrowers by banks and non-banking finance companies, are not taxable, is instructive (informative or enlightening). Similarly, the switch to a three-tiered levy for something as banal (commonplace and unremarkable) as popcorn — despite the rationale of taxing sweetened varieties more in the name of health — after all these years, is worrying. Such moves neither reflect well on the Centre’s claims around its hurried July 2017 rollout that the GST is a ‘Good and Simple Tax’, nor does it bode well for a meaningful overhaul of its multiple and complex rates’ structure through a long-delayed rationalisation (adjustment for fairness or effectiveness) exercise.

That the Council also did not bother to consider initial recommendations of a ministerial panel tasked with rejigging (rearranging or reorganizing) the GST rates, nor take up a panel’s suggestions to review life and health insurance policies’ taxation despite a commitment to expedite this rethink, only diminishes expectations from the panel going forward. That the panel’s head left the meeting early, stating it will hold further deliberations (careful discussions or consideration) on insurance policies’ levies soon, is not comforting, if not entirely casual (lacking seriousness or purpose) — especially as the government has been promising action on this front since the Budget session. The dithering (indecision or delay) for whatever reason is beginning to hurt the industry too. In November, new life insurance business tanked for the first time this year as consumers held off on buying a cover in anticipation of a GST cut. The longer this indecision, and the feet-dragging on the broader rate rationalisation plan, launched over three years ago, persists, the worse will be the implications on consumption that has already turned tentative, and private investment plans that hinge on consumption as well as tax certainty. The Council’s decision to reverse an October verdict of the Supreme Court letting realty players claim input tax credits on costs of construction for commercial structures intended for renting or leasing purposes, will also have ramifications (consequences or effects) on India’s investment climate. With legal changes to take retrospective (applicable to past actions) effect from July 2017, this is a blast from the past (something that recalls a previous time) for investors spooked by similar taxation misadventures over the past decade.

Hindu Vocab Wordlist 24th December 2024

Upskill yourself and enhance your vocabulary knowledge. Candidates should begin learning new words daily with Hindu Editorial Vocabulary on 24th December 2024.

1. Capricious: Changing mood or behavior suddenly and unexpectedly.
2. Instructive: Giving useful or interesting information.
3. Banal: Very ordinary and therefore not interesting.
4. Rationalisation: The process of finding and explaining reasons for something, especially to make it seem reasonable or acceptable.
5. Rejigging: To rearrange or reorganize something.
6. Deliberations: Long and careful consideration or discussion.
7. Casual: Relaxed and unconcerned.
8. Dithering: To be uncertain, to delay or hesitate.
9. Ramifications: The possible results or effects of an action or decision.
10. Retrospective: Looking back at or dealing with past events or situations.

Hindu Vocab Master 24th December 2024 with Synonyms & Antonyms

Here are the synonyms and antonyms of all the difficult words in Hindu Vocab Master Hindi equivalents for all the words for 24th December 2024:

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