News Update

Indigenous Technology Cruise Missile successfully flight-tested by DRDO off the Odisha coastUS imposes fresh sanctions against Iranian drone productionIREDA's GIFT City office to boost Green Hydrogen and Renewable Energy Manufacturing ProjectsVoting for General Elections 2024 commences tomorrowGlobal warming up to 3 degrees to cost 10% of global GDP: StudyNexus between Election Manifesto and Budget 2024 in July!Clearing the Air: Airtel's SC Decision provides clarity on test of AgencyGST implications for Corporate Debtor under IBCI-T- Petitioner's CIBIL score lowered due to same PAN being issued to another assessee who defaulted on loan; I-T Deptt to inform CIBIL of remedial measures taken: HCBrazil’s proposal to tax super-rich globally finds many takers in G20 GroupI-T- Additions framed on account of unconfirmed cash loans upheld in part, where assessee is unable to discharge onus of proving source of cash deposits : ITATCPM manifesto promising annihilation of all weapons of mass destructions including nuclear, draws flak from Defence MinisterI-T- Registration of trust u/s 12A denied due to inadvertent error by assessee in filing Form 10AB but with wrong selection code; case remanded for reconsideration: ITATBiden favours higher steel tariff on ‘cheating’ China + may up tariff on dominant solar tech suppliersI-T- Enhancement of income is not sustainable if CIT (A) not follow sec 251 and no notice given to assessee of enhancement : ITATUS Poll: Biden trumps Trump in money race by USD 75 mnI-T- Assessee is entitled for depreciation on goodwill arising out of difference between cost of acquisition and net value of assets and liabilities as per book value of CAPL : ITATNetanyahu says Israel to decide how and when to respond to Iran’s aggressionI-T- There is no scope of extrapolation in search assessment based solely on assumptions and surmises in absence of any tangible material qua the relevant assessment year: ITATGoogle slays costs by laying off staffers & shifting roles outside USI-T- Re-assessment cannot be sustained where based on borrowed satisfaction & where conducted in a mechanical manner: ITATHeavy downpours drown Dubai; Airport issues travel advisoryCus - There cannot be an exercise of jurisdiction to injunct invocation of BG, as it is a settled principle of law that bank guarantee constitutes an independent contract between the bank and the party in whose favour BG is furnished: HCHM pledges to make India completely Maoist-freeGST - Except for holding that the taxpayer had availed ITC which is blocked credit u/s 17(5), no reasons are specified - Order set aside and matter remanded: HCMicrosoft to inject USD 1.5 bn in AI Group G42 of UAEGST - Injustice would be caused unless petitioner is provided another opportunity to contest tax demand on merits - Subject to deposit of 10% of demand, matter is remanded: HCCanadian budget proposes more taxes on higher income groups & tax credits for EVsWorld leaders appeal for quick ratification of UN Ocean Treaty
 
PM to kickstart key power, urban sector projects in Kerala on February 19

By TIOL News Service

NEW DELHI, FEB 18, 2021: PRIME Minister Mr Narendra Modi will inaugurate and lay the foundation stone of several power and urban sector projects in Kerala virtually on Friday, February 19, ahead of the upcoming assembly elections in the State.

Mr Modi will inaugurate the 320 KV Pugalur - Thrissur Power Transmission project, the 50 MW Kasaragod Solar Power project, and the water treatment plant at Aruvikkara. He will also lay the foundation stone of the Integrated Command and Control Centre for the Thiruvananthapuram Municipal Corporation and the Smart Roads project.

The Pugalur (Tamil Nadu)-Thrissur (Kerala) power transmitter is a voltage source convertor based High Voltage Direct Current (HVDC) project and has India's first HVDC link. Built at a cost of Rs. 5,070 crore, it will facilitate transfer of 2,000 MW power from the western region and help meet the growth in load for the people of Kerala, while leaving 35-40 per cent less land footprint due to overhead lines.

In Kasargod district, the government is setting up a Rs. 280-crore solar power project under the National Solar Energy Mission. It will span 250 acres across the villages of Paivalike, Meenja and Chippar.

The Prime Minister will also inaugurate the 75 million litres per day Water Treatment Plant at Aruvikkara to boost supply of drinking water to people of Thiruvananthapuram and help avoid disruption of drinking water supply to the city in the event of maintenance work at the existing treatment plants.

Mr Modi will be laying the foundation stone of the Rs. 94 crore Integrated Command and Control Centre of the Thiruvananthapuram Municipal Corporation which will act as a common point of action during emergency situations.

He will also be laying the foundation stone of the Smart Roads Project in Thiruvananthapuram, which has an estimated cost of Rs. 427 crore and will convert 37 km of existing roads in the city to 'smart roads' by bringing all overhead utilities underneath and undertaking road and junction improvements.


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.