News Update

Customs - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' insertedKentucky Sheriff accused of shooting dead District Judge inside courthouseCus - 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 MaldivesCX - 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 protestST - 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 envoyI-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
 
Govt takes 'massive step' by liberalising geospatial data policy, says PM

By TIOL News Service

NEW DELHI, FEB 15, 2021: THE Centre on Monday announced sweeping changes to the policies governing the acquisition and production of geospatial data, which will benefit a vast swath of Indian citizens, ranging from farmers to technology start-ups, said Prime Minister Mr Narendra Modi.

Announcing the policy on Twitter, the PM said policy is a huge step forward in India's vision for self-reliance.

"Our government has taken a decision that will provide a huge impetus to Digital India. Liberalising policies governing the acquisition and production of geospatial data is a massive step in our vision for an Aatmanirbhar Bharat," he said.

The reforms, he said, will benefit the country's start-ups, private and public sectors, and research institutions to "drive innovations and build scalable solutions." It will also generate employment and accelerate economic growth.

He also said the country's farmers will benefit by leveraging the potential of geo-spatial and remote sensing data. "Democratising data will enable the rise of new technologies and platforms that will drive efficiencies in agriculture and allied sectors," said Mr Modi.

The government notified radical changes that would remove restrictions on geospatial data, allowing it to be freely used and removing red tapes in innovation.

"Our corporations and innovators are no longer subject to restrictions nor do they require prior approvals before they collect, generate, prepare, disseminate, store, publish, update digital Geospatial Data and Maps within the territory of India," said the Ministry of Science and Technology earlier.

The Prime Minister said the reforms demonstrate the government's commitment to improving ease of doing business in India by deregulation.


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.