SIGN IN SUBSCRIBE

News Update

World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing SolutionsVoter turnout surpasses 50% by 4 PM in Phase 2 pollsST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HCXI tells Blinken - China, US ought to be partners, not rivalsST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HCCX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HCCus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HCCus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HCCus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HCCus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITATHonda to set up USD 11 bn EV plant in CanadaImran Khan banned from flaying State InstitutionsI-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITATPro-Palestine demonstration spreads across US universities; 100 arrestedI-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITATNATO asks China to stop backing Russia if keen to forge close ties with WestNY top court quashes conviction of Harvey Weinstein in rape case
 
G-20 Anti-Corruption Working Group - MoS reiterates India's zero telerance policy

By TIOL News Service

NEW DELHI, OCT 23, 2020: INDIA yesterday reiterated its commitment for eradication of corruption. Speaking at the 1st ever Ministerial Meeting of G-20 Anti-Corruption Working Group, the MoS, Dr Jitendra Singh said that India is committed to the policy of zero tolerance against corruption and unaccounted money. In pursuance of this, he said, a range of initiatives have been taken by the Modi government over the last 6 years.

Dr Jitendra Singh referred to the India's Prevention of Corruption Act, 1988, which the Modi government amended after 30 years in 2018 to introduce a number of new provisions including criminalizing the act of giving bribe also in addition to taking bribe and at the same time putting in place an effective deterrence for such actions by individuals as well as corporate entities.

Dr Jitendra Singh said the present Act brought on the direction of Prime Minister aims at checking corruption in big places and striking hard against corporate bribery. It seeks to establish a vicarious liability so that the actual bribe giver is also exposed.

The commitment of the present government, said Dr Jitendra Singh is to bring in more transparency, more citizen centricity and more accountability in governance and is indicated by its decisive initiatives to operationalize the institution of the Lokpal in the country to check corruption at high places.

Reminding the G20 Meeting Delegation that the world is presently combating serious emerging challenges of Fugitive Economic Offenders and Assets which flee across national jurisdiction. He said, India's Fugitive Economic Offenders Act, 2018 empowers authorities for non-conviction based attachments and confiscation of proceeds of crime and properties as well as assets of a Fugitive Economic Offender.

"We have also ceased the issue of the accused taking shelter in the foreign country and concealing the proceeds of crime", said Dr Jitendra Singh and conveyed India's appreciation that the G20 Anti-Corruption Working Group together with the help of international organizations is taking this fight ahead in the right direction.

Lauding the efforts of G20 Anti-Corruption Working Group to organize the event under the shadow of Corona, Dr. Jitendra Singh said that even the COVID cannot deter our fight and crusade to eradicate corruption.

 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
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.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



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

TII LATEST

TIOLCORPLAWS LATEST