BITSMUN Goa

Signaling a drastic shift in global tax policy, the G20 Finance ministers, in July of 2021, backed the new global minimum corporate tax proposal in an effort to ensure that corporations, primarily tech-based corporations pay their fair share. UK’s Chancellor, Rishi Sunak hailed the effort as ‘historic’ and that it is a global tax framework fit for the 21st century. While the specifics of the framework are still to be worked upon, a broad agreement on what it must do has the approval of around 130 countries. In essence, it seeks the re-allocation of additional share of profit to the market jurisdictions and a minimum tax, currently unspecified but the Biden administration has pegged the number at 15%.

In today’s world, The developing and underdeveloped countries are not able to fulfill the basic requirements of all their large and dispersed population. Here decentralized renewable energy solutions play an important role in maintaining the small-scale rural energy needs in an affordable, reliable, and carbon-neutral manner. Such socio-technical transitions offer substantial support to address energy poverty and act as a key tool in ameliorating human well-being, economic prosperity, and environmental conservation envisioned under the Sustainable development goals(SDGs).

Floods were considered a blessing by civilizations in arid regions, for example, the Egyptians relied on the Nile’s yearly overflow for fertile soil. They recharge the groundwater, make the soil more fertile and increase nutrients in some soils. However, many others, such as the Mayans. were concerned that they might not stop and the whole world would be flooded. This fear led to a myth that this had once happened in the past, which is prevalent in so many countries and their religions.

After a year's delay, the Tokyo 2020, officially the Games of the XXXII Olympiad, kick started on 23rd July 2021. The 2020 Summer Olympics which were originally scheduled from 24th of July 2020 were postponed due to COVID pandemic, for the first time in the history of the Olympics. Under the most unusual circumstances, the best athletes across the world will compete against each other in various events spanned across sixteen days in Japan.

One of the earliest issues regarding data privacy was regarding the Aadhar card in 2016. The Aadhar scheme was challenged before the supreme court. In 2018 the court delivered a verdict stating that the act is constitutional, despite striking down individual sections of the act unconstitutional. It was noted that the government had taken a stand that Indians had no fundamental right to privacy and that it was not guaranteed under the constitution. During the hearing, the government informed the court that a committee was constituted under a retired supreme court judge to come up with a personal data protection bill.