News Update

Cabinet greenlight for 3 more semiconductor units; construction to begin in 100 daysSC Constitution Bench reverses own decision on automatic expiry of HC stay orders after 6 monthsCabinet okays plan to set up rooftop solar units for one crore householdsGDP likely to grow by 8.4% in Q4: GovtCabinet okays proposal to set up International Big Cat AllianceCore sector rises by 3.6% in Jan monthNational One Health Mission - Cabinet okays creation of Director-level post at National Institute of One Health, NagpurService Matter - Claim for compassionate appointment not to be considered as regular mode of appointment; is intended to address penurious situation in immediate aftermath of breadwinner passing away: SCDespite several wins NDA short of 3 seats of majority in Rajya SabhaCus - Liability incurred by noticee company which merged with petitioner company cannot stand extinguished on account of its merger: HCSEBI urges Mutual Fund operators to protect small, midcap investors amid surge in inflowCus - Merger or amalgamation of companies is not a tool under law to either facilitate avoidance and evasion of tax liability already incurred by a transferor company - SCN proceeding cannot be scuttled: HCCustoms Department recovers 206-year old smuggled telescope used by British East India Company, hands over to ASIST - Classification of services - Only remedy available is to file an appeal before the Supreme Court u/s 35L of the CEA, 1944 - Petition is dismissed as withdrawn: HCSC scotches plea to reopen Thoothukudi Sterlite copper plantGST - Cancellation of registration - Order records that petitioner did not reply to SCN or appear in person, however, counsel for revenue submits otherwise - Matter remanded - In the meantime, petitioner will not enjoy benefits of registration: HCSandeskhali row - TMC leader Shahjahan nabbed; sent to 10-day police custodyGST - Section 107 operates as a complete code in itself, explicitly delineating limitation periods for filing appeals and implicitly excluding the application of general limitation provisions: HCFrench Senate votes to make abortion a Constitutional rightGST - Cancellation of registration - Cryptic notices and orders - Respondent authorities will not be able to exercise revisional powers, hence orders set aside and matter remanded: HCDomicile of Origin vs Domicile of Choice: No visits to temple may prove fatal! (See TII 'Edit')Trump's return to Oval Office! China sweating like just out of heated hammam!India on Pakistan at UN: ‘Can’t pay heed to a country soaked in Red’I-T - Share premium received by issuance of shares is on capital account and gives rise to no income: HCFrench Senate okays move to make abortion a constitutional rightGovt notifies certain provisions of SEZ Act & Rules to apply to notifications issued under IFSCA Act, 2019‘Mob Rule’ replacing democracy in UK: Sunak warns copsSolar-powered US Moon Lander to be ‘put to sleep’ for 3 weeks and to be switched on after lunar nightsAnti-dumping duty on Acetone: Notification amended to change name of M/s INEOS Phenol Singapore Pte
 
Economic nationalism cannot be compromised for fiscal gain, cautions VP

By TIOL News Service

NEW DELHI, DEC 04, 2023: VICE-PRESIDENT of India, Jagdeep Dhankhar, yesterday highlighted the importance of nurturing economic nationalism to accelerate India's progress.  Questioning the use of foreign exchange for importing non-essential items, the Vice-President appealed to trade, industry and business to uphold economic nationalism, and stressed on the need to sensitise every citizen towards the same. Cautioning that economic nationalism must not be compromised for fiscal gain, he said "Our economy will get a quantum jump when we subscribe to this enlightened idea."

Delivering the Dr. Rajendra Prasad Memorial Lecture 2023, organised by All India Radio (Akashvani), on the theme 'Rise of India as an Economic Powerhouse' at Akashvani Bhavan in New Delhi today, the Vice-President paid tribute to Dr. Rajendra Prasad, the first President of independent India. He acknowledged the crucial role played by Dr. Rajendra Prasad at the helm of India's Constituent Assembly, and called upon all legislators to emulate the behaviour of members of the Constituent Assembly for the progress of the nation. 

Tracing the journey of India's economy from being one of the Fragile Five to becoming the fifth largest in the world, the Vice-President made note of India's landmark achievements that are scripting history. Commending India's global stature, Vice-President Dhankhar said that the entire world today looks up to India as a leading voice on global matters.

Observing the challenge of climate change that threatens all humanity, the Vice-President called for the optimum utilisation of natural resources and said that one's fiscal power should not determine the usage of such resources as water, petroleum, electricity. Quoting Mahatma Gandhi, Dhankhar reminded the audience that "The earth has enough for everyone's need, but not for everyone's greed".

Underlining the significance of All India Radio as a platform for taking critical messages to all corners of the country, the Vice-President drew stressed on the role played by the Prime Minister's 'Mann Ki Baat' in giving the medium of radio a new recognition. He also emphasised on the importance of radio as a medium for neutralising false, orchestrated narratives and ensuring that authentic information reaches citizens.

Secretary, Ministry of Information & Broadcasting, Apurva Chandra, CEO of Prasar Bharati, Gaurav Dwivedi; Principal Director General; All India Radio, Dr. Vasudha Gupta and other dignitaries were present on the occasion.


POST YOUR COMMENTS
   

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