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
 
India, Germany hold talks to enhance bilateral defence cooperation

By TIOL News Service

NEW DELHI, JUNE 06, 2023: RAKSHA Mantri Rajnath Singh held a bilateral meeting with German Federal Minister of Defence Mr Boris Pistorius in New Delhi on June 06, 2023. Both Ministers reviewed the ongoing bilateral defence cooperation activities and explored ways to enhance the collaboration, particularly defence industrial partnership.

The Raksha Mantri highlighted the opportunities that have opened up in the defence production sector, including the possibilities for German investments in the two Defence Industrial Corridors in Uttar Pradesh & Tamil Nadu. The Indian defence industry could participate in the supply chains of German defence industry and add value to the ecosystem, besides contributing to supply chain resilience.

Rajnath Singh stressed that India and Germany could build a more symbiotic relationship based on shared goals and complementarity of strength, namely skilled workforce & competitive costs from India and high technologies & investment from Germany.

India and Germany have a Strategic Partnership since 2000, which is being strengthened through Inter-Governmental Consultations since 2011 at the level of Heads of Government.

Senior officials from Ministry of Defence, including Defence Secretary Giridhar Aramane and Chief of Defence Staff General Anil Chauhan, participated in the delegation-level meeting.From the German side, State Secretary from Ministry of Defence Mr Benedikt Zimmer, apart from senior officials and the German Ambassador to India, were present. This is the first visit of a German Defence Minister to India since 2015.

The bilateral meeting was preceded by a Tri-Service Guard of Honour to the visiting dignitary.

Later in the day, Mr Boris Pistorius will interact with some Indian defence start-ups at IIT Delhi, in an event organised by Innovations for Defence Excellence (iDEX).

The German Federal Minister of Defence arrived in India on June 05 on a four-day visit. On June 07, he will be traveling to Mumbai, where he is scheduled to visit the Headquarters, Western Naval Command and Mazagon Dock Shipbuilders Limited.


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.