News Update

Are lawyers covered under Consumer Protection Act? - SC reserves orderI-T - Formation of reasonable belief that income in particular AY has escaped is condition precedent for acquiring jurisdiction u/s 147/148 for re-opening: HCFM launches EDI at remote Land Customs Stations in N-E StatesOver 100 killed in food aid stampede in GazaFM virtually presides over handing-over ceremony of 101 antiquities seized by Customs to ASII-T - AO has power to reopen provided there is tangible material to come to conclusion that there is escapement of income and reasons must have live link with formation of belief: HCIndia stresses need for policy space for digital industrialization at MC-13Paytm snaps off inter-company pact with Paytm Payments Bank150 Railway Stations achieve 'Eat Right Station' certification from FSSAII-T - It is wilful evasion of tax due which is crux of offence u/s 276C(2) and not mere failure to pay tax: HCBenefits transferred to farmers under PM KISAN crosses Rs 3 lakh crores43 charred to death in mega fire in BangladeshJoshi launches 'Coal Logistics Plan and Policy'I-T- State is entrusted with dealing of public money & is engaged in fiduciary relationship with common citizen; State cannot be unjustly enriched at the cost of citizens : HCFormer Canadian PM Brian Mulroney, 84, passes awayI-T - Party cannot be permitted to approbate and reprobate in same breath or take mutually destructive pleas: HCCrypto Exchange to refund USD 1.1 bn to investors locked out since 2022GST - Proper officer has not taken into consideration the reply filed by petitioner while passing the cryptic order - Order set aside and matter remitted: HCChina’s factory activity shrinks for 5th month in a rowGST - Proper officer should have at least considered the reply on merits and then formed an opinion - Order is set aside and matter remanded: HCOECD appoints Alvaro Santos Pereira as Chief EconomistGST - Neither the show cause notice nor the order spell out the reasons for cancellation of registration - Same cannot be sustained: HCSC Constitution Bench reverses own decision on automatic expiry of HC stay orders after 6 monthsGST - Order passed u/s 83 attaching cash credit accounts ceases to operate after one year - There can be, therefore, no impediment in petitioners operating the accounts: HCGDP likely to grow by 8.4% in Q4: GovtGST - Petitioner, legal heir, does not seek to carry on business - Registration to be treated as cancelled from date when the proprietor passed away and not retrospectively: HCCore sector rises by 3.6% in Jan monthGST - Proper officer has not even looked at the reply submitted but concluded that no explanation has been received from taxpayer - Order set aside and matter remitted: HC
PM announces creation of Fund to advance Digital Public Infrastructure in Global South

By TIOL News Service

NEW DELHI, NOV 24, 2023: PRIME Minister, Narendra Modi, announced the launch of two India-led initiatives: the Global Digital Public Infrastructure Repository and a Social Impact Fund aimed at promoting the development of Social Impact Fund to advance Digital Public Infrastructure (DPI) in the Global South during the Virtual G20 Leaders' Summit on 22 nd November 2023.

The G20 Digital Economy Working Group (DEWG), chaired by the Ministry of Electronics and Information Technology (MeitY), has led the advancement of the global DPI Agenda. The DEWG's rigorous negotiation efforts have culminated in the first-ever multilateral consensus on DPI. The Digital Economy Ministers' Meeting (DEMM) unanimously endorsed three DPI deliverables, which included: a Framework for building DPI, mobilizing finances for DPI development in Low-and Middle-Income Countries (LMICs), and the creation of a Global DPI Repository (GDPIR) for the exchange of information and best practices. This landmark consensus was also affirmed as a part of the G20 New Delhi Leaders' Declaration (NDLD).

Towards delivering these outcomes, the MeitY has developed the GDPIR, which is a comprehensive resource hub, pooling essential lessons and expertise from G20 members and guest nations. Its primary aim is to bridge the knowledge gap in the choices and methodologies required for the design, construction, deployment, and governance of DPIs. The GDPIR showcases the information in a standardized format from countries and organizations that have developed DPIs at scale, incorporating elements such as maturity scales, source codes (where available), and governance frameworks. Currently, the GDPIR features 54 DPIs from 16 countries, and it can be accessed at

Furthermore, the Prime Minister Narendra Modi also announced the creation of a Social Impact Fund (SIF), to which India has pledged an initial commitment of 25 million USD. The SIF is envisioned as a government led, multistakeholder initiative to fast-track DPI implementation in the global south. This fund will offer financial support to provide upstream technical and non-technical assistance to countries in developing DPI systems. The SIF offers a platform for all relevant stakeholders, including other governments, international organizations, and philanthropic entities, to contribute to this fund and help accelerate the achievement of the Sustainable Development Goals (SDGs) in Low- and Middle-Income Countries (LMICs) through DPIs.


TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023

Shri M C Joshi, Former Chairman, CBDT

Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023