The meet focussed ona.
Providing clear water,b.
Wipe out poverty
Restore depleted fish stock
VAT stands for value-added tax.
It is collected on sale of goods.
Presently, the states and U.T. have decided to introduce VAT in place of salestax.
There are just four rates of taxes under VAT – Zero rate, 1%, 4% and a generalrate of 12.5%. These rates will be uniform in all states across the country.
VAT will help in offsetting of tax on inputs against that on output. Thus VAT doesaway with tax on tax, [Cascading Effect]. However, this will call for proper invoicing[for claiming input tax credit].
All business transactions carried on within the state will be covered by VAT except small business.
Minority’s Right to Establish and Run Educational Institution:
In a significant ruling by the Supreme Court re-defined the rights of minoritiesto establish and run educational institutions of their choice.It held that while unaided minority institutions would have unfettered rights,aided institutions could be subject to minimal regulatory measure by the state.
The right to administer MEI is not absolute.
Aided MEI should admit certain percentage of non-minority students; which willbe decided by the government.
Fee to be charged by unaided MEI cannot be regulated, but no capitation fee canbe charged.
Unaided MEI can have their own admission procedure, which should be fair andtransparent.
State can provide the manner of admission in case of aided minority.
Intellectual Property Rights: