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
 
PM Gati Shakti - Capacity building exercises with relevant departments conducted

By TIOL News Service

NEW DELHI, NOV 25, 2021: THE PM Gatishakti National Master Plan has been developed by BISAG-N (Bhaskaracharya National Institute for Space Applications and Geoinformatics) in a dynamic Geographic Information System (GIS) platform wherein data on specific action plan of all the Ministries/Departments is being incorporated within a comprehensive database. The system will be further developed as a Digital Master Planning tool with Project Management tools, dynamic dashboards, MIS reports generation etc.

In order to facilitate the process, capacity building exercise is being conducted by the BISAG-N team with senior-level officers of relevant ministries and departments under Government of India with an aim to integrate and synchronise data on their existing/planned projects in a single platform. This ongoing exercise has already been undertaken for Ministry of Port, Shipping and Waterways, Ministry of Civil Aviation, Ministry of Power, Ministry of New and Renewable Energy, Ministry of Textile, Department of Telecommunication etc.

This exhaustive exercise shall mark an exchange of data between the respective departments and BISAG-N for updation of the National Master Plan. The exercise will assist the departments to gain a better know-how of the GIS tool and enable them to prioritize and plan the timeline of their projects in coordination with other infrastructural projects. This will increase efficiency of logistics leading to improved competitiveness of Indian economy.

The infrastructure ministries are ensuring updation of existing and proposed infrastructure in National Master Plan Portal. Similarly, the economic ministries are updating the existing economic zones in the country.

This exercise will lead to identification of gap in infrastructure and the need for economic zones. Such gap analysis will be examined by the Network Planning Group. The recommended gap in infrastructure shall be taken up on priority basis by respective infrastructure ministries, thus bringing in the logistics efficiency. Updation of infrastructure layers will help in decision making by the economic ministries for locating new economic zones.

All the economic ministries have also been advised to undertake exercise for identification of infrastructural gaps so as to take up such projects in mission mode. It is expected that updation of data by all ministries of central government will be completed by end of the month.

Department for Promotion of Industries and Internal Trade (DPIIT) has decided to organize6 zonal conferences during the next two months for undertaking similar exercise for all the states of the country. It is hoped that with the updation of entire infrastructure and economic zones by the central and state governments, the National Master Plan would become a real time decision making tool for infrastructural and economic ministries. This will bring in cost efficiencies and competitiveness and thus will improve overall logistics efficiency in the country.


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.