News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
5Gs - Growth, good governance, grit, genuine trust and green technologies taking India forward: Goyal

By TIOL News Service

NEW DELHI, DEC 01, 2023: POWER of 30 is driving India today - the dream of adding 30 trillion US dollars to our economy in under 30 years with the efforts of an under 30 population. This was stated by Union Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Piyush Goyal whileaddressing the Bahrain Chapter of The Institute of Chartered Accountants of India today. He added that India is a global bright spot for investors, where our market capitalization has just touched 4 trillion dollars 2 days back.

Goyal pointed out that today India engages with the world with confidence and with an unparalleled, indomitable spirit of confidence, not arrogance. He said that India is an economy where the port capacity has been doubled in 10 years, where the airport's functional commercial airports have doubled from 74 to 150 over the last nine years, and expected to further grow to 225 in the next five years, where 140 new inland waterways have been started to supplement the big network of railways and highways of modern high quality. He remarked that the beautiful infrastructure that we see in other parts of the world is now being created in India.

He also urged the audience to come and spend some time in Delhi and see the new parliament house or visit Bharat Mandapam where international exhibitions of high quality are being organized. He asked them to witness a prosperous, vibrant economy, a system that is taking care of the people of India and giving them a good future, a quality of life with ease of living opportunities. He saidIndia today is at the forefront of 5Gthrust - growth, good governance, grit, genuine trust and green technologies that reflects sustainability.

Goyal said that Chartered Accountants are the largest organised professional body of Indians in Bahrain, with over 450 plus members. He said that they are playing an important role in the growth story of Bahrain, with their unwavering commitment to high integrity, high morals and hard work.He added that Chartered Accountants are India's Ambassadorsacross the world and in Bahrain. He thanked them for the wonderful work that they are doing and for thier contribution with ideas and said that as our ambassadors to Bahrain, they make India proud with their commitment, dedication, integrity, hard work and passion. He also complimented them for organizing the discussion on leadership, sustainability, geopolitics, human potential, Healthy Living - things which are contemporary and things which are necessary.


POST YOUR COMMENTS
   

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.