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Only remedy available is to file an appeal before the Supreme Court u/s 35L of the CEA, 1944 - Petition is dismissed as withdrawn: HCSC scotches plea to reopen Thoothukudi Sterlite copper plantGST - Cancellation of registration - Order records that petitioner did not reply to SCN or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
Govt flags off cargo vessels from Maia Inland Customs Port

By TIOL News Service

NEW DELHI, FEB 12, 2024: INDIA-Bangladesh relations have evolved across various domains, including political, economic, cultural, and strategic ties over the years. Now, to boost trade and connectivity between India and Bangladesh, the first trial movement of vessels between Maia Port in India and Sultanganj Port in Bangladesh on Indo Bangladesh Protocol (IBP) Route no. 5 & 6 is set to take place on February 12, 2024. The vessels will be flagged off by the Minister of State for Ports, Shipping, and Waterways, Shantanu Thakur, from Maia Inland Customs Port in West Bengal at 10:30 AM. This development is in line with the Act East Policy of the Hon'ble Prime Minister Narendra Modi's government.

The waterway route from Maia (IBP route) to Dhubri (NW-2) via Aricha will reduce the distance by around 930 kilometers compared to the existing waterway route from Dhulian-Maia-Kolkata-IBP-Dhubri. With this move, 2.6 MTPA of export cargo to Bangladesh is expected to shift from road to waterways.

The riverine distance between Port of Call Maia in India and Port of Call Sultanganj in Bangladesh is 16 kilometers, out of which 4.5 kilometers of waterways are in India and the rest 11.5 kilometers are in Bangladesh.

The flagging-off event will be attended by transport and state transport ministers of the West Bengal government, along with the Member of Parliament from JangipurLok Sabha constituency and Members of the state legislature from Raghunathganj and Lalgola legislative constituencies, as well as other dignitaries.


H.E. Sheikh Hasina, Prime Minister of the Government of the People's Republic of Bangladesh, paid a State Visit to India from 05-08 September 2022 at the invitation of Prime Minister of India Narendra Modi. During the visit,the two sides also agreed to expeditiously explore direct shipping links between the two countries. They also agreed to implement the decision to start riverine services under the Protocol on Inland Water Transit and Trade (PIWTT) routes 5 & 6 (Dhulian to Rajshahi -extension to Aricha) and 9 & 10 (Daudkandi to Sonamura).


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