News Update

I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureI-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITATKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTATDengue cases soaring in US - Close to ‘Emergency situation’: UN AgencyNexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals StudyCX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT
 
Govt plans to accelerate growth of districts by 3 per cent

By TIOL News Service

NEW DELHI, APRIL 18, 2018: To involve the districts more actively in the growth of the Indian economy and to formulate a common development vision starting from the district level, through a participatory mechanism, it has been decided by Union Commerce & Industry Minister Suresh Prabhu that District Plan will be created for achieving this goal. Mr Prabhu emphasised the need to accelerate growth in the districts to ensure growth at the national level. There is need to create resource based plans, for the districts based on a bottom-up approach and implement the plan by going beyond a silo-ed mind-set. An addition of 3% growth at the district level will ensure that USD 5 trillion target for the Indian economy becomes achievable.

The Plan will provide specific interventions taking into account resources, strengths of the districts, sectoral interventions for agriculture including mapping of cropping pattern, industry including MSME and services relevant for the districts, skilling initiatives, Ease of Doing Business, access to credit and convergence of existing efforts in public and private sectors. Active participation of the State governments and district administration will be sought for effective implementation of the plan.  

The initiative will begin with six districts, including Sindhudurg & Ratnagiri in Maharashtra, Varanasi in Uttar Pradesh, Muzaffarpur in Bihar, Vishakapatnam in Andhra Pradesh and Solan in Himachal Pradesh have been selected. A Steering Committee will be formed to oversee creation and implementation of the plan. It will be headed by Minister for Commerce and Industry with members from different Ministry of Union Government and representatives from State Governments of Maharashtra, Uttar Pradesh, Bihar, Andhra Pradesh and Himachal Pradesh. The Indian Institutes of Management (IIM) in the selected States will prepare the plan. An implementation committee is proposed at the District level to ensure implementation of the plan. The Committee will be headed by the District Collector/ District Magistrate.

 


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.




Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.