News Update

CBDT Notifies Vivad se Vishwas SchemeGoyal discusses rising freight cost, shipping delays & congestion at the portsCustoms - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' insertedKentucky Sheriff accused of shooting dead District Judge inside courthouseM/s Konoike Transport approved as Strategic Buyer for disinvestment of FSNLCus - Gold seized from appellant & auctioned without considering cogent evidence furnished; seizure invalidated, auction proceeds be refunded with interest: CESTATIndia grants USD 50 mn budgetary support for one more year to MaldivesFATF smacks on India's back for measures to tackle illicit financeCX - Rule 4 of Central Excise Valuation Rules 2000 are rightly invoked where assessee suppresses material facts about clearance of finished goods to related entity: CESTATTMC disowns Minister’s statement that women were drinking during protestBRICS Summit: India showcases Legal Reforms and InitiativesST - For the amenities provided by service recipient, the cost thereof cannot be included in assessable value of service in hands of appellant being service provider, therefore, demand is not sustainable: CESTATChina, India are not rivals rather cooperators, says Chinese envoyRM exhorts Navy to be prepared for every situation in today's volatile global scenarioI-T - Revenue is not permitted to express different opinion based on very same facts disclosed during original assessment proceedings: HCIndia trashes report on Indian ammunition reaching UkraineI-T - No distinction to be made between direct and indirect expenses that are eligible for deduction under Section 35 D of the Income Tax Act: HCBiden hopeful of further cut in rates by FedI-T - Non-investment of sale consideration or portion thereof in designated capital gains would not come in way of assessee claiming exemption so long as assessee had invested said amount for construction: HCLanka to go to polls for New President tomorrowI-T - Assessee sought repeated adjournments without valid reason; costs of Rs 2000/- per appeal imposed on assessee; nevertheless, case remanded for de novo hearing, given tight scheduling of notices & interests of justice: ITATIsrael incinerates 1000 rocket launcher barrels of HezbollahI-T - Interest received by credit cooperative society from investment held, cannot be treated as it's operational income, as interest received is not from credit facilities provided to its members as envisaged u/s 80P(2)(a)(i): ITATSEBI hammer falls on Axis Capital; Ban imposed from acting as investment banker in debt marketI-T - Where DVO has power to estimate value independently & fails to do so, then PCIT's action to seek fresh report & revise the assessment, is outside scope of Section 263: ITATCJI asks lawyers to use SC Platform for recorded ordersNPS Vatsalya - FM launches pension scheme for minorsIP Saarthi - Govt launches AI/ML-based search engine for TrademarksNACIN hosts 3-day roundtable on IPR; Govt envisages greater role of Customs in IPR protectionUS Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 yearsMandaviya chairs meeting to provide Social Security to Gig and Platform WorkersCAQM announces revised GRAP schedule for Delhi-NCR
 
MoHUA partners with Zomato to take street food vendors' business online

By TIOL News Service

NEW DELHI, FEB 05, 2021: THE Ministry of Housing and Urban Affairs (MoHUA) announced on Thursday it is partnering with online food ordering platform Zomato to onboard street food vendors across six cities under the Prime Minister Street Vendor's Atmanirbhar Nidhi (PM SVANidhi) Scheme.

A Memorandum of Understanding (MoU) was signed between Mr Sanjay Kumar, Joint Secretary, MoHUA and Mr Mohit Sardana, Chief Operating Officer of Zomato.

As per the MoU, 300 street food vendors in Bhopal, Ludhiana, Nagpur, Patna, Raipur and Vadodra will be trained on using the Zomato platform.

Zomato will provide PAN and FSSAI registrations, technology training on using the mobile app, digitise menu and prices, train and certify vendors in food safety and hygiene, packaging, as part of the training process.

MoHUA, which had entered a similar MoU with Swiggy in October last year, said the initiative will be expanded to 125 cities in phases.

The PM SVANidhi Scheme was launched in June, 2020 under the ambit of the Atmanirbhar Bharat Abhiyan . It aims at facilitating collateral free working capital loans of upto Rs. 10,000 of a year's tenure, to about 50 lakh street vendors to restart their business post COVID-19 lockdown.

Incentives in the form of interest subsidy of 7 per cent per annum on regular repayment of loan, cashback of up to Rs. 1,200 per annum on undertaking prescribed digital transactions and eligibility for enhanced next tranche of loan have also been provided.

The ministry said it has received more than 36.4 lakh loan application under the scheme as on Thursday, sanctioned over 18.8 lakh loans and disbursed more than 14.04 lakh loans.

Further, MoHUA has launched the mobile application for PMSVANidhi se Samriddhi for the socio-economic profiling of SVANidhi beneficiaries and their families in 125 cities to assess their eligibility and then link them to various Central government welfare schemes.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



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