News Update

Filing of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesIsrael-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
India to host 5 BRICS events in 2022

By TIOL News Service

NEW DELHI, JAN 19, 2022: INDIA will host five events in 2022, namely BRICS Startups Forum meeting, Working Groups meetings on Energy; Biotechnology & Biomedicine; ICT & High-Performance Computing; STIEP (Science, Technology, Innovation and Entrepreneurship Partnership) Working Group Meeting and the launching of BRICS innovation Launchpad as a microsite( Knowledge Hub), as per discussions at the 15th meeting of the BRICS Science Technology Innovation (STI) Steering Committee on 17th January 2022.

The Calendar of BRICS STI activities and expected deliverables were discussed at the meeting organized virtually. India has successfully handed over the BRICS Chairmanship to China from January 2022. The theme for BRICS 2022 is "Foster High-Quality BRICS Partnership Usher in a New Era for Global Development". A series of sectoral events and meetings, including Minister level and BRICS Summit, will be organized during the year. 

The BRICS STI Steering Committee meeting was attended by representatives from BRICS scientific ministries, foreign Missions.  From the Indian side, meeting was led by Sanjeev Kumar Varshney, Advisor & Head International Cooperation, Department of Science and Technology.

During the meeting organized virtually, the Chinese side presented broad outline of activities to be carried out during the whole year. It mainly includes thematic meetings, BRICS Young Scientist Conclave, Senior official, and Ministerial level meetings. A total of 25 events have been planned, of which India will host a total of five. DPIIT is the main executing agency for BRICS startups Forum and creation of innovation Knowledge Hub. The BRICS Young Scientist Conclave will be held in September 2022 in a virtual format, and thematic focus may be Carbon peak neutralization; Biomedicine, Artificial Intelligence, Material Science; Modern Agriculture.

China has proposed to host the 10th BRICS S&T Ministerial meeting and Senior Official Meeting in September 2022. The meeting theme would promote Open, Inclusive, and Shared Science, Technology, and Innovation. At the sideline of the Ministerial meeting, an exhibition will be organized showcasing outcomes of successful projects supported under the BRICS Framework Programme (2015-2022).

The meeting also discussed the finalization of BRICS Calendar of scientific events and programs. It was agreed that by the end of this month, all countries will notify the specific dates, venue, and format of meeting. India tentatively indicated willingness to host the STIEP working group meeting on 23 rd – 24 th March 2022 and BRICS Startups Forum Meeting in May/June 2022.


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.