Must Read News Articles I 11th March 2020

GS - 2 For a universal status of personhood The article talks about the Foreigners Act (which stipulates that burden of proof lies on individuals) denies the weakest their rights to have citizenship

and treats them less equal beings. It states that we must recognise a universal status of personhood of every human being independent of their nationality. LPG scheme closed, but only 3 states have gone kerosene free A parliamentary committee has said only three States and five Union Territories have become kerosene ­free, though the government last September met the target of eight crore LPG connections under the Pradhan Mantri Ujjwala Yojana. GS -3 The public unravelling of Yes Bank The articles discusses a series of events leading to the collapse of the Yes Bank. It also says that the manner of the collapse of Yes bank raises question’s on the RBI’s role in the regulation of the Bank. A progressive system of taxation The article discusses about the taxation of dividends. It raises question that at what point dividend be taxed and how. This comes in the backdrop of the Finance Bill 2020 which seeks to withdraw the Dividend Distribution tax at the level of company/mutual fund and proposed to tax the same in the hand of share/unit holder. The article further discusses the three methods of taxing dividend - the classical system, the DDT regime and the imputation regime. It then goes on to discuss why reverting to the classical system of taxing dividend is a good move. India needs all hands on the deck The article discusses about the India’s capability in testing the novel coronavirus. It mentions that It is puzzling why the country relies solely on the National Institute of Virology for genome sequencing. Oil surges on hope of economic stimulus Oil prices surged by around 8% on Tuesday, as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible.