News Update

I-T - High Court need not delve into merits of issue involving transfer pricing adjustment due to factual nature of such exercise: HCOmicron hop-scotches to 50 countries; detected in 16 States in US + Germany warns against travel over winter holidaysI-T - Where complainant is a public servant, period of limitation for filling application against acquittal order is six months and in every other case it is 60 days u/s 378(5) of the Cr. P.C : HCCOVID-19: India reports 2800 deaths with 9000 fresh cases on SundayI-T- Re-issuance of notice already issued by AO having jurisdiction u/s 143(2) and now subsequently transferred to another AO is not required :ITATBiden’s new tax deduction proposal to cost USD 275 bn revenue in next 5 yrsI-T- When AO completed assessment u/s 143(3) making certain addition in respect of unexplained investment he can't reopen the assessment for enhancement of addition merely on basis of report of DVO : ITATOmicron - Initial inputs on severity are quite ‘encouraging’, says Dr Anthony FauciI-T- Revisional proceedings are not rightly held as cash receipts on account of sales cannot be doubted if the assessee has sufficient stock : ITATKarnataka makes both does of vaccine mandatory for visiting malls & cinema hallsGST - 'Baby wipes' are correctly classifiable under heading 3307 and attract GST @18%: AAROmicron may wreck economic recovery ship: IMF ChiefGST - Tax credit of GST paid on leasing of land is not available: AARKerala issues gag order for medical officers interacting with media; formal nod to be obtainedGST - Healthcare service (diamond plan) provided for 20 years for patient and his family members upon payment of lump-sum amount of Rs.10 lakhs is exempted: AARCOVID-19 related restrictions: Protesters pelt stones & firecrackers at police; Earn teargas & water cannons in return in BrusselsGST - Aorom Herbal Smokes are not 'medicaments'' [HSN 3004] but Cigarettes of Tobacco substitutes, classifiable under HSN 2402 9010 and attract GST @28% and Compensation Cess of Rs.4006/- per thousand: AARPortuguese Govt dissolves Parliament; Polls on Jan 30ST - The Tribunal is not empowered to entertain the appeal filed against grant of refund/rebate of Swachh Bharat Cess (SBC) and Krishi Kalyan Cess (KKC) amount: CESTAT
 
Go-Quant Camp – 800 students from 30 business schools get quantum exposure

By TIOL News Service

NEW DELHI, OCT 27, 2021: THE Go-Quant Camp programme hosted by Bloomberg in collaboration with GIFT City under the aegis of International Financial Services Centres Authority (IFSCA) was launched by Injeti Srinivas, Chairperson, IFSCA, here yesterday at a virtual ceremony. Around 800 students from over 30 business schools participated in the event.  

Through the Quant Camp, participating students will be trained on the fundamentals of Quantum Computing with a self-assessment component, following which they will compete on the Quant models/solutions that they would have built. A panel of industry experts will select the best ideas and model to identify the winners, who will get a chance to showcase the models to the global investment community.

At the inauguration, Chairperson IFSCA complemented Bloomberg and their entire team for curating a dedicated learning module for the bright young talent from top business schools of the country. He stated that FinTech sector has witnessed phenomenal growth in India over the last five years and such initiatives will only add to the pace. He reiterated the commitment of IFSCA to facilitate the development of GIFT IFSC as a world-class FinTech hub.  


POST YOUR COMMENTS