News Update

Govt annonces Padma Awards - Padma Vibhushan to former Japanese PM Shinzo Abe + S P Balasubramaianm + Dr Belle M Hegde + Sudarshan Sahoo + Padma Bhushan to 10 persons including Tarun Gogoi + Sumitra Mahajan + Nripendra Misra + Ram Vilas Paswan + Keshubahi Patel + Padma Shri to 102 persons of repute26 personnel of CBIC get Presidential Awards; Commissioners C P S Bakshi + G Machunlung + Amitesh Bharat Singh + S Thirunavukkarasu also figure in ListCOVID-19 - Global tally about to touch 10 Crore mark + UK’s death count inches close to 100,000GSI to complete 'ambitious' national-level surveys by 2024GST - Provisional attachment of bank account cannot continue where attachment period u/s 83(2) of the CGST Act has lapsed: HCPresident gives nod to Jeevan Raksha Padak awards for 40 personsGST - Confiscation of goods - High Court cannot intervene at SCN stage - assessee directed to file reply to SCN & appear for hearing: HCGST - Provisional attachment of petitioner's cash credit bank account, u/s 74 of SGST Act, is unsustainable; stands lifted: HCKochi Customs seizes FC worth Rs 1.3 Cr and IC worth Rs 45 lakhsWhy Opt for IndusInd Bank Savings Account?Centre releases 13th instalment of Rs 6,000Cr to meet GST shortfallWhetting the budget (App)etiteI-T - Addition on account of revised capital gain under Sec 50C cannot be added to assessee's income, even when his revision petition is barred by limitation : HCCompensation received from municipality for cutting of trees to make way for electrical wires, forms part of assessee's trading operations where such trees were used for generating essential oils & sale thereof - Such compensation received qualifies as agri income & is non taxable: ITATMexican President is latest to test positive for CoronavirusIndia reports 13,203 fresh COVID-19 cases, 131 deathsGrant of registration & issue of assessment or exemption u/s 11 are separate & distinct & process of registration u/s 12AA cannot be made an occasion for deciding upon eligibility for exemption u/s 11: ITATAssessment order is unsustainable where based solely on third party's statements taken behind assessee's back & without permitting cross examination of the deponent: ITATCentre allocates addl Rs 660 Cr to MP for capital projectsAppeal merits re-consideration where dismissed in limine without hearing the assessee: ITATIGI Airport Customs nabs Ugandans with heroin worth Rs 68 CrCX - No reversal of Cenvat credit is warranted u/r 6(3)(b) of CCR 2004 upon removal of Spent Sulphuric Acid: CESTAT
 
PM Modi discusses bilateral issues and COVID vaccine development with UK PM Mr Boris Johnson

By TIOL News Service

NEW DELHI, NOV 28, 2020: THE Prime Minister, Mr Narendra Modi spoke with his British counterpart Mr Boris Johnson on Friday to discuss a wide range of global and bilateral issues, including the challenges of the COVID-19 pandemic and their cooperation on vaccine development.

Downing Street said the leaders discussed their cooperation across trade, climate change, defence, security and health. Mr Johnson said that 2021 would be a year to deepen and strengthen the UK-India relationship and re-emphasised the UK's commitment to the wider Indo-Pacific region, ahead of the first deployment of the HMS Queen Elizabeth carrier group to the region next year.

The leaders also discussed the joint efforts to find treatments and vaccines for coronavirus, and welcomed the collaboration between the countries' leading scientists in developing and manufacturing it.

They reiterated their shared desire to impart a "quantum jump to the India-UK partnership in the post-COVID, post-BREXIT era," Mr Modi's office said.

They laid particular emphasis on India and UK joining hands in the fight against climate change, and appreciated their collaboration under platforms like the International Solar Alliance and the Coalition for Disaster Resilient Infrastructure.

"They looked forward to next month's Climate Ambition Summit, which will be an opportunity to reinvigorate the global efforts against climate change ahead of the UK-hosted COP26 Summit next year," a release from Downing Street said.

The leaders agreed that officials from both sides would continue their work to quickly finalise an ambitious long-term roadmap for the India-UK partnership.

Mr Johnson also stressed the importance of improving bilateral trade and investment flows. Both leaders welcomed the extensive work that has taken place on this to date and shared an ambition for deepening the economic relationship.


POST YOUR COMMENTS