Finance Minister recently said that two-wheelers are neither a luxury nor sin goods and so, merit a GST rate revision.
Sin goods are goods which consider harmful to society.
Example of sin goods: Alcohol and Tobacco, Candies, Drugs, Soft drinks, Fast foods, Coffee, Sugar, Gambling and Pornography.
Sin Tax is placed on goods that adversely affect health, most notably tobacco and alcohol.
Three principal arguments are used to justify this type of taxation:
It can reduce consumption through increased prices.
Compensate society for things like increased health system costs.
Increase resources for the health sector.
According to the current GST rate structure, some of the sin goods that attract a cess include cigarettes, pan masala and aerated drinks
Countries such as the UK, Sweden and Canada impose Sin Taxes on a series of products and services, from tobacco and alcohol to lotteries, gambling and fuel, which chip in with sizeable revenues.
Study planner is an invaluable tool for students, enabling them to assess
their strengths and weaknesses through tests. It calculates the optimal daily study time
required to cover the syllabus. This personalized approach enhances productivity and fosters
effective time management, ultimately boosting academic performance.
PERSONALISED TEST
A personalized test allows students to select their preferred topic and
subtopic from the curriculum. It generates a tailored examination by randomly selecting
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learning objectives, and fosters a deeper understanding of the material through active
participation in the assessment process.
PREDECTIVE ANALYTICS
The analytics system tracks the time spent and records correct answers for
all questions attempted. It compiles this data into analyses, offering students valuable
insights into their preparation, identifying strengths and weaknesses, and helping them
optimize their study strategies for improved performance.