News Update

India, Oman resolve to expediate talks for DTAATight schedule for Monsoon Session - 46 bills to be passed in 24 daysGovt proposes to amend law for Fastags for all commercial vehiclesCBDT Instruction No 3/18 - Board asks CCITs to wrap up withdrawal of appeals by Aug 20, 2018I-T - If assessee fails to establish urgent nature of business necessities for taking loans from its Directors in cash, such transaction warrants levy of penalty u/s 271D: ITAT Special BenchOECD employment rate raises by 0.2% in Q1SC asks Parliament to enact new law to deal with mobocracyST - If GOI department could be treated as using 'Residential Complex' constructed by NBCC for its 'personal use', how another Corporate body could be denied benefit of that type of user of 'Residential Complex' to be occupied by its Managerial Staff: HCPlace of removal - Valuation under CE & Customs Laws - past and present (See 'TOG INSIGHT' on 'Taxongo.com')India mulling safeguard duty on Chinese and Malaysian solar panelsGovt hikes basic import duty on many textile goodsIMF says India to be fastest growing economy in 2019CBDT prescribes registration form for Non-resident applicantsIs disallowing supplementary claim under MEIS & SEIS Scheme by DGFT valid?CX - On being pointed out, Assessee immediately reversed Credit wrongly availed - there cannot be said to be any fraud through which it wanted to evade Duty - setting aside of interest & penalty cannot be faulted: HCIGST refund - CBIC launches another fortnightly drive till July 30I-T - Complaint received against assessee is a reason to suspect but it is not a reason to believe that some income has escaped assessment untill AO verifies content of information before initiating re-assessment: ITATWCO Secretary General lauds India's efforts to use technology for trade facilitationBrahMos successfully test-fired from Balasore Test RangeIndia-Oman Joint Commission Meeting begins in MuscatHi-tech maritime labs launching programmes for traineesChina's GDP logs 6.8% growth in first half of fiscal20 hurt in pandal collapse during PM's Midnapore political rallyExports - Accountability of inputs - DGFT eases norms for Advance Authorisation holdersCustoms - CBIC expands list of exempt items for handicraft sectorI-T - Even if soil separated from land and put in containers it continues to be specie of land and income from growing mushrooms in such containers under controlled environment is agri income exempt u/s 10(1): ITAT Special BenchWTO - Govt officials attend workshop on SPS control, Inspection & approval proceduresI-T - Surplus generated by agriculturist on sale of his agri land is no basis to deny exemption u/s 2(14) and treat sale consideration as business income: HCSecond Year of GST - A year to amend mistakesCommittee set up to examine 'decriminalisation' of offences under Companies Act
 
India, UK to take forward exchange of legal practitioners

 

By TIOL News Service

NEW DELHI, JULY 11, 2018: MINISTER for Law & Justice Ravi Shankar Prasad visited United Kingdom last week at the invitation of Mr. David Gauke, Secretary of State for Justice, UK. The two Ministers discussed taking forward the exchange of legal practitioners on the basis of reciprocity in accordance with the prevailing legal provisions in their respective countries. The two Ministers later signed a MoU for enhancing bilateral cooperation in legal affairs which provides a framework for promoting greater co-operation between the judicial and legal professionals in both countries through exchange of expertise and training; exchanging information regarding current issues of international significance. The MoU also provides for establishment of a Joint Consultative Committee to facilitate such exchange.

Mr. Prasad informed his counterpart about the progress made in India in the field of ensuring access to justice for all, particularly using the power of technology through initiatives like Tele-Law, e-Court services and digitization of Courts in India. The two ministers reiterated their commitment to deepening bilateral cooperation in legal matters, including Arbitration, Legal training and exchange of best practices, taking advantage of the shared common law heritage of the two countries.

IT Minister also met Mr.Jermy Wright, the newly appointed Secretary of State for Digital, Culture, Media and Sports. Mr. Prasad pointed out the tremendous opportunities which have opened up due to the rapid growth of the digital profile and digital penetration of India due to the inclusive adaptation of digital technology in India and asked the UK Minister to encourage UK IT firms to take advantage of such openings by investing in India.

Earlier, Minister chaired a Round Table of leading Indian and UK IT firms jointly organised by NASSCOM with its counterpart TechUK. Representatives from Indian IT companies such as Wipro, Infosys, TCS etc. as well as UK companies such as WNS, First Source, BBC, NTT, etc. attended the event. The Minister appreciated the tremendous interest shown by UK companies in India's digital story and listed out some of the key areas such as skill enhancement, Fintech, emerging technologies such as AI and Cyber Security as the possible areas of growth, where UK IT firms could leverage the growth potential and size of India's growing digital economy, which is expected to reach the size of a trillion dollar in the next few years for their own growth.

Mr. Prasad also addressed a gathering of leading Indian and UK professionals at the prestigious Asia House, highlighting the digital opportunities that exist in India. The Minister also delivered a talk to a gathering of top legal experts and representatives from leading UK Law firms at an event organized by the Law Society of UK and Wales where he spoke about the investment opportunities that had emerged in India in a range of sectors due to the far reaching and bold reforms undertaken by the present Government

 


POST YOUR COMMENTS
   

TIOL Tube Latest

GST 1st Anniversary - A Hardlook (Episode 2) | simply inTAXicating

What's New

CGST Notification
CGST Rate Notification
CGST Circular
Income Tax Notification
Income Tax Circular
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
DGFT Notification
DGFT Public Notice
DGFT Circular
RBI Circular

TAXATION & WILDLIFE