News Update

Noida Airport gets ‘DXN’ code from IATAST - Issue was kept alive by department all these years by transferring SCNs to call book and without hearing the petitioner, impugned order was passed in a hurry - Order set aside and matter remanded: HCIncome Tax searches premises of Apple’s supplier in ChennaiGST - ITC refund - Circular No. 94/2019 - By adopting a pedantic approach, respondent could not have rejected the legitimate claim of the petitioner company: HCIndian shooter Esha Singh wins silver in Asian GamesGST - Works Contract undertaken - Chennai Corporation to consider representation of petitioner for reimbursing GST liability: HCPresident of India calls for more safety of womenCus - 16/2015-Cus as amended - Foreign Trade Policy 2015-2020 - Import of capital goods - IGST not required to be paid: HCJudicial Wisdom vs Administrative ArroganceGST - Mango Pulp - Pellucid mention of words 'was always meant to be @12%' in the Circular 179 indicates that the same has to be taken as being retrospective: HCIndia to commission anti-drone stations in all border StatesGST - When the whole country files returns and pays tax by uploading the same in the same software, it cannot be said that the GST portal is unviable: HCCBDT notifies changes to Rule 11UA relating to ANGEL TAXPop star Shakira again charged with tax fraud by SpainCX - As per settled position in law, Central Excise duty cannot be levied on subsidy amounts received under a State Government scheme: CESTATPunjab submits State Action Plan & District Plans to deal with stubble burningCalifornia is first State to impose tax on guns and ammunitionIndia made G20 a people-driven national movement: PMST - The fact that lump sum payment is received for services of transportation along with incidental loading and unloading will not change the essential character of principal service of transportation : CESTATRajasthan Police seizes fake gutka inputs worth Rs 25 Crore in ChittorgarhCentre finalises borrowing plan for Second Half of FY 2023-24Cus - Department has not produced any evidence to show that relationship between parties has influenced the price, reasons for rejecting transaction value is not in consonance with law : CESTATWaheeda Rehman to be honoured with Dadasaheb Phalke AwardUS Judge admits Trump conned by inflating value of assetsGST Council to hold 52nd meeting on Oct 7 at Vigyan Bhawan
Out of 424 foreign satellites launched till date, 389 were launched in last 9 years: MoS

By TIOL News Service

NEW DELHI, JUNE 06, 2023: OUT of 424 foreign satellites launched till date by India, 389 were launched in the last nine years of the government headed by Prime Minister Narendra Modi. Further, out of 174 million US dollars earned, 157 million came in the last nine years and similarly out of 256 million Euros earned so far, 223 million came during the 9 years of the Modi regime.

This was stated here today by Union Minister of State (Independent Charge) Science & Technology; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space Dr. Jitendra Singh today in an exclusive interview with DD News.

The Minister said that India's Space sector is fast gaining a pre-eminent position in the world and the countries which started their Space programmes long before us, today increasingly seek our services and our facility to launch their satellites.

Dr Jitendra Singh said, apart from the core functioning of Rocket launching, India's Space Applications have become a big source of livelihood opportunities through 130 odd Start-ups after opening up of the Space Sector by Modiji in June 2020. Moreover, in Academic field, technical institutes in Trivandrum, Jammu and Agartala have 100 percent placements for students and about 50 percent of them go to NASA to pursue higher studies.

Referring to applications of Space Technology to different sectors like Railways, Highways, Agriculture, Water Mapping, Smart Cities, Telemedicine and Robotic Surgery, which brought 'ease of living' for common man, Dr Jitendra Singh said, Space tech has touched virtually every household in India.

Recently ISRO launched a record 104 satellites aboard PSLV-C37 from Satish Dhawan Space Center, Sriharikota of which 101 belong to international customers, signifying India's increasing presence in the global space industry. Moreover, the indigenous human space mission Gaganyaan is almost ready to carry Indians into space. If successful, India will be the fourth country to have sent a human to space, the other three being the US, Russia and China. he added.

Talking more about India's Start-Up revolution, the Minister said that before 2014, there were just around 350 StartUps, but after Prime Minister Narendra Modi gave the clarion call from the ramparts of the Red Fort in his Independence Day address and rolled out special StartUp scheme in 2016, there has been a quantum jump in StartUps to more than one lakh with more than 100 Unicorns. Similarly, Biotech Startups have grown 100 times in the last 8 years from 52 odd startups in 2014 to 5500 plus in 2022, the Minister said.

Dr Jitendra Singh exhorted the youth of the country that this is the "Best of the Times" for India and they should not become prisoners of their own aspirations. He said, Modi Government in the last nine years has created many new avenues, where youth of the country have the luxury to change their goalposts as there are enough outlets waiting to be seized upon. He said, National Education Policy-2020 is also in tune with "Naya Bharat" and there is a need for change of mindset.


TIOL Tube Latest

A Tete-a-tete with Larry Summers

Mr. Nikhil Gupta, Global Indirect Tax Lead, Wipro Enterprises Pvt Ltd sharing his thoughts at the TIOL Awards 2022 event.

Mr. Vishweshwar Mudigonda, Partner, Deloitte Touche Tohmatsu India LLP sharing his thoughts at the TIOL Awards 2022 event.