News Update

World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing SolutionsVoter turnout surpasses 50% by 4 PM in Phase 2 pollsST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HCXI tells Blinken - China, US ought to be partners, not rivalsST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HCCX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HCCus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HCCus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HCCus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HCCus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITATHonda to set up USD 11 bn EV plant in CanadaImran Khan banned from flaying State InstitutionsI-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITATPro-Palestine demonstration spreads across US universities; 100 arrestedI-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITATNATO asks China to stop backing Russia if keen to forge close ties with WestNY top court quashes conviction of Harvey Weinstein in rape case
 
NITI Aayog, Norwegian talk about Plastic-Free Cities & Oceans

By TIOL News Service

NEW DELHI, OCT 23, 2021: IN view of the pressing need for combating plastic pollution, NITI Aayog organized a National Policy Dialogue yesterday on “Plastic Free Cities and Oceans” under the Chairmanship of Dr Rajiv Kumar, Vice Chairman, NITI Aayog, with Mr Cyrill Gutsch, founder and CEO of “Parley for the Oceans”.

On World Environment Day in 2018, the Prime Minister had committed to eliminate 100% single-use plastic by 2022. Since then, India has taken several regulatory interventions, including bans and prohibitions, to attain the set targets.

The dialogue was attended by Mr.Eric Solheim, former Norway minister of environment and international development and former executive director of the UNEP; ambassadors of Japan and Norway; representatives from Denmark and Sweden; India Country Head, UNEP; and several senior officials of relevant ministries. Senior officials of coastal and Ganga-basin states and eminent academics joined virtually.

In his insightful presentation, Mr. Gutsch give highlighted the need for greater participation of large corporates and innovators to achieve results in this area. He put forward the concept of material redesigning for making a clean break from future use of virgin plastics. He shared that he has developed and patented an eco-innovative alternative “Parley Ocean Plastic” – a game-changing fiber from intercepted and upcycled marine plastic debris, and has collaborated with brands like Adidas, Stella McCartney, American Express and Corona to set up new industry standards. These type of breakthroughs are needed to free the world from toxic plastics.

Vice Chairman, NITI Aayog, while arguing that plastic waste management brings a unique cross-cutting opportunity to contribute towards 14 of the 17 SDGs, suggested collaboration with National Mission for Clean Ganga (NMCG) and Islands for tracing plastics in River Ganga and coastal areas for strengthening plastic waste management.

 


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.