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CBIC launches Compliance Information Portal for 12K Customs Tariff ItemsCabinet okays Scheme for Fast Track Courts for further 2 yearsGovt making all efforts to reduce crude oil importsIndia trying for UNSC permanent membership through G-4 and L-69 countries groupingsNo proposal to set up Integrated Check Post at Shikarpur in Nadia district in WB: MoSPHD favours early rejig of GST tax rates structureGulf countries in consultation with Indian embassies restore pre-COVID minimum referral wagesIndia repatriated 60 lakh people under Vande Bharat Mission till April 30, 2021: MEABoxer Lovlina ends up bagging Bronze Medal at OlympicsCOVID-19 - China reports 71 cases - highest since January!Etched in stone - Oldest record of revenue evasionOf Sense & ServersTo frame assessment on best judgment basis, assessee's history is only relevant when conditions in which business activity is being conducted are similar to those of earlier period: ITATCBDT notifies Ontario Inc u/s 10(23FE) for eligible investment in IndiaSteel silos on PPP mode built at 7 locations: GovtDGTR terminates anti-dumping investigation against Self-adhesive Polyvinyl Chloride Film from China but recommends existing anti-dumping duty on Ceramic Tableware & Kitchenware from China and MalaysiaFor allowing of interest on borrowed funds u/s 36(1)(iii) of the Act, what is required is only whether borrowed funds were used by assessee for purpose of business : ITATCOVID-19 global death toll - Close to 10000 in last 24 hours - 1238 in Brazil & 1598 in IndonesiaMany steps taken to ensure smooth supply of Essential Drugs: GovtSC rules Ayurvedic Doctors to retire at 65 like AllopathicOrder passed u/s 201(1) is not sustainable where passed beyond period of 2 years end of FY in which last TDS statement is filed : ITATGovt notifies Delhi CBI Court for dealing with PMLA cases relating to 2G Spectrum ScamExport of Drug Formulations and Biologics registers continuous growthCOVID-19: Global tally of cases goes beyond 20 Crore + US reports 1.5 lakh new cases with over 500 deaths + 43K cases in India with 560 deaths + 22K cases in UK with 138 deathsDeduction u/s 37(1) cannot be allowed in respect of those expenses which are not proven to have been incurred wholly & exclusively for business purposes : ITATGovt not to charge fee on renewal of registration of electric vehiclesCBDT further stretches timelines for e-filing of various Forms including equalisation levy
 
BRICS nations to hold R&D conclaves on healthcare, energy solutions

By TIOL News Service

NEW DELHI, JUNE 24, 2021: THE BRICS Nations have unanimously agreed on an innovation co-operation at the 11th BRICS S&T Steering Committee Meeting. The proposal put forward by India would be considered at the BRICS Science, Technology and Innovation Entrepreneurship (STIEP) working group for elaborating the action plan.

The concept note and Action Plan for BRICS Innovation Cooperation 2021-2024 was discussed during the meeting organized on June 22, 2021 to review the implementation of BRICS Science, Technology and Innovation (STI) Calendar of Activities. The discussions also included BRICS Young Scientist Conclave, BRICS Senior Official Meetings and BRICS Science and Technology Ministerial Meeting; BRICS Partnership in India's Technology Summit, and call for Proposals 2021. It was attended by Representatives from BRICS scientific ministries.

Hosted by the Department of Science and Technology (DST), GoI, the meeting was led from the Indian side by Mr Sanjeev Kumar Varshney, Advisor & Head International Cooperation. Representatives from Department for Promotion of Industry and Internal Trade (DPIIT) and Confederation of Indian Industry (CII) also participated in it. This meeting was hosted as a part of the series of sectoral events including Minister level meeting and BRICS Summit.

India which has assumed the BRICS presidency from January, 2021 will host 6th edition of BRICS Young Scientist Conclave during September 13-16, 2021. As proposed by India, the thematic areas for conclave would include healthcare; energy solution and; interdisciplinary cyber physical system. The announcement for Conclave will be made in first week of July.


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