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Cabinet greenlights extending PMGKAY by 5 years; to cost Rs 11.80 Lakh CroresCabinet approves drone use by women-run SHGs; subsidy included tooCabinet approves Terms of Reference for 16th Fin Com13 killed in bus-train collision in TanzaniaCabinet okays 3-year Central funding extension for fast-track special courtsCabinet ratifies scheme for revamping basic facilities delivery to Particularly Vulnerable Tribal GroupsCostly CommissionersI-T - Purpose of Section 40(a)(ia) is to disincentivize non-deduction of tax at source by disallowing, as deduction, amount paid to resident/payee: HCUnraveling Complexity: MFN Clause and Its Tax Treaty RamificationsI-T - If AO did not have tangible material on record that could have persuaded him to form belief that income otherwise chargeable to tax, had escaped assessment, notice u/s 148 deserves to be quashed: HCCommission for Air Quality Management in NCR revokes Stage-III of GRAP with immediate effectI-T - Time spent by applicant while pursuing review proceedings deserves to be excluded even under principles analogous to Sec 14 of Limitation Act, if he acted in good faith: HCNASA chief calls on MoS, discusses launching joint Satellite with ISROI-T - Since ROI was filed though after search and seized cash was offered by assessee under then prevailing regime, it is to be treated as the advance tax and thus there is no default in payment of advance tax : HCMinistry of Defence inks contract with BHEL for Super Rapid Gun Mount & accessories for Indian NavyCOP28 Panel’s sage advice: ‘Tax the bad’ for climate financeI-T- Since loan received from M/s Godavari is routed through regular banking channel and reflected duly in annual accounts not require addition u/s 68 of Act : ITATUS Embassy issues over 1.4 lakh visas to Indian students in last one yearRozgar Mela: PM to distribute 51,000 appointment letters tomorrowVietnam Parliament approves Global Minimum Tax for corporateI-T- If assessee is corporate entity then ad hoc disallowance of expenditure without pointing out any specific defect is not permissible : ITATTurkey asks UN to prosecute Israel for Gaza crimesST - SVLDRS, 2019 - Only minor variation in the amount proposed in SCN and amount declared in form SVLDRS-1 - Petitioner entitled for relief under the scheme: HCUkraine’s military intelligence head’s wife poisonedGST - SCN is dated 4 th March; reply is to be filed within 30 days but petitioner asked to appear for hearing on 17 th March - Real intention of Department is not to provide fair opportunity to defend their case, but, only to put the petitioner in peril: HCUttarakhand tunnel case - All 41 workers are out; rushed to hospital for routine check-upCus - Since manufacturing activity undertaken and payment of CE was acknowledged and not disputed, same cannot be questioned by Customs department without any clinching evidence that such machine in question was imported into India as such or in un-assembled condition for it to be held liable to ADD: TribunalGovt has received chip-making proposal worth USD 12 billion, says VaishnavST - Activities of screening cargo through x-ray machines and build-up of cargo for loading onboard aircrafts, fall under Cargo Handling Service as well as under Airport Service - However, as per Section 65A of Finance Act 1994, since Section 65(23) occurs before Section 65(105)(zzm) of the Act, both services will be classifiable under Cargo Handling Service : CESTATAnak Krakatau volcano in Indonesia spews 1 km high column of smokes and ashCus - Discrepancies between goods imported and their quantity declaring in packaging list - Appellant, a Customs Broker, permitted freight forwarder to upload packaging list on e-Sanchit portal using Appellant's credentials - this is act of negligence, cannot be punished with forfeiture of brokers' license: CESTAT
 
Govt promotes Artificial Reef to rejuvenate coastal fisheries in 10 States

By TIOL News Service

NEW DELHI, SEP 23, 2023: TO promote sustainable practices, Department of Fisheries has sanctioned 732 artificial reef units for 10 coastal states with a total investment of Rs 126 crore as a sub-activity under "Integrated Modern Coastal Fishing Villages" of the Centrally Sponsored Scheme (CSS) of Pradhan Mantri Matsya Sampada Yojana (PMMSY). The projects are being implemented with the technical support of Fishery Survey of India (FSI) and ICAR-Central Marine Fisheries Research Institute (CMFRI). All the states have completed their site selection process while states of Kerala and Maharashtra have completed the tendering process for execution of work. Thus all projects are expected to be completed by January 2024.

As one of the impactful strategies, installation of artificial reefs in coastal waters and undertaking sea ranching programs across in all coastal states is expected to rejuvenate of coastal fisheries and re-build fish stocks.

Artificial reefs are engineering technology interventions used to rehabilitate and/or improve natural habitats, increase productivity and manage aquatic resources including habitat enhancement (FAO, 2015). Installation of artificial reefs is advantageous in many forms as below:

- Similar to natural reefs, ARs used for aggregating fish and provide a home for fish to live and grow, reduce wave damage on coasts, helps regeneration of marine ecosystem and act as a carbon sink. As per CMFRI, two to three-fold increase in catch rates and efficiency can be realized Thus saving fuel and energy costs leading to increased income.

- Provide a firm substrate for marine life such as corals, algae and plankton to attach to and grow They provide favorable conditions for sea ranching and serve as  spawning and nursery grounds for fish.

- Enhance recreational fisheries, snorkeling, eco-tourism, creating suitable areas for diving and reducing conflicts.

- Artificial reef structures restrict bottom trawling in the near shore areas thus helping the marine environment to regenerate and small-scale fishers get higher catch

- One artificial reef of 300m3 is expected to support 25-30 non-mechanized boats (CMFRI).

PMMSY was launched in May 2020 with the highest ever investment of Rs. 20,050 crore to bring about Blue Revolution through sustainable and responsible development of the fisheries sector. Over the years, increased fishing activities has reduced per capita yield from coastal fisheries, to led to heavy fishing pressure, loss of fishing grounds due to bottom trawling, coastal development etc. This has also resulted in reduced income and forcing the fishers to go to deeper waters.


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