News Update

I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITATTorrential rains cause havoc in Pakistan; 87 killedI-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITATUS imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to PakistanCX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTATDubai terribly water-logged as it has no storm drainsST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTATEU online content rules tightened against adult content firmsCus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTATEV market cools off in US; Ford, GM eyeing gas-powered trucksApple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 polls
 
India's COVID-19 vaccines will serve needs of all: PM to South Africa's Cyril Ramphosa

By TIOL News Service

NEW DELHI, FEB 05, 2021: PRIME Minister Mr Narendra Modi on Thursday told South African President Mr Matemela Cyril Ramaphosa that India will mobilise its productive capacity for pharmaceuticals and vaccines to serve the needs of all countries.

The Prime Minister's Office (PMO) said during a phone conversation, the two leaders discussed the continuing challenges posed by the pandemic, and in this context the vaccination campaigns being undertaken in their respective countries.

"Spoke to President Cyril Ramaphosa about the measures India and South Africa are taking to fight the COVID-19 pandemic domestically and internationally. India's capacity to produce medicines and vaccines is supporting the efforts of many nations, including our friends in Africa," PM Modi later said on Twitter.

The two leaders also discussed possibilities of collaboration between India and South Africa in various international fora to facilitate access and affordability of vaccines and medicines.

India and South Africa's proposal to temporarily suspending Intellectual Property (IP) rules related to the COVID-19 vaccines and treatments at the World Trade Organisation (WTO) has met vehement opposition from the US, UK and European Union nations.

India and South Africa had approached the WTO in October calling on it to waive parts of the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement) to ensure "timely access to affordable medical products including vaccines and medicines or to scaling-up of research, development, manufacturing and supply of medical products essential to combat COVID-19."

The opposition, some of whom have been accused of "vaccine nationalism," argued the suspension of patents, industrial designs, copyright and protection of undisclosed information would stifle innovation at pharmaceutical companies.


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.