News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
PM addresses Indian Community in Stockholm

By TIOL News Service

NEW DELHI, APRIL 18, 2018: The Prime Minister, Mr Narendra Modi, yesterday addressed the Indian Community in Stockholm. He thanked the Government of Sweden, in particular His Majesty the King of Sweden; and the Prime Minister of Sweden, Mr. Stefan Lofven who was present at the event, for the warm welcome he received in Sweden.

He said that India is going through a great transformation today. He said that the current Union Government had been elected on the mandate of Sabka Saath, Sabka Vikas. He said the Government has worked towards a developed and inclusive India, in the last four years. He said all efforts are being made to create a New India by 2022.

The Prime Minister said that through initiatives  such as International Yoga Day, efforts are also being made to see that India emerges as a global thought leader once again. He said the world is looking at India with confidence. In this context, he mentioned humanitarian relief and rescue efforts, the International Solar Alliance, and membership of key regimes such as MTCR, Wassenaar Arrangement, and Australia Group. He said the world is acknowledging India's technological capability, including its space programme.

The Prime Minister said that because of digital infrastructure, the format of engagement between citizens and Government is changing. Technology is bringing about accountability and transparency, he said. He said access to Government is no longer a privilege, but a practice. In this context, he mentioned faster file disposal, Ease of Doing Business, GST, Direct Benefit Transfer, and access to cooking gas through the Ujjwala Yojana. 

The Prime Minister said that through the MUDRA scheme, there are new opportunities available to entrepreneurs. He said 74 percent of the beneficiaries under the MUDRA scheme till now, are women. He also mentioned the Atal Innovation Mission, Skill India and Start Up India.

The Prime Minister said that India is also building International Partnerships to boost innovation. In this context he mentioned the innovation partnership with Sweden, and a similar initiative with Israel. He said the Government is focusing on Ease of Living. In this context, he also mentioned the Ayushman Bharat scheme, which he described as the world's biggest healthcare assurance scheme.

The Prime Minister said that these steps are indicative of a transformation in India. He said that towards this end, the partnerships with Sweden and the other Nordic countries are very important.

The Prime Minister urged the gathering to not limit their connect with India, to just an emotional one. He said the emerging New India offers them many opportunities to innovate, trade and invest as well.


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.