SIGN IN SUBSCRIBE

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
 
India stresses need for policy space for digital industrialization at MC-13

By TIOL News Service

NEW DELHI, MAR 01, 2024: AT the Working Session on Work Programme on E-Commerce at the World Trade Organization's 13th Ministerial Conference on 29 February 2024, India presented its views on the importance of digital industrialization and how this emerging segment of the global economy holds the promise for economic development and prosperity for the developing countries including the Least Developed Countries (LDCs). India stressed that all policy options should be available for the WTO members to pursue for promoting digital industrialization.

India stressed that currently, a few firms based in developed countries currently dominate the global landscape of e-commerce. India explained that there was a huge digital chasm between the developed and the developing countries which makes it challenging to increase the participation of developing countries in global E-commerce.

India reiterated that with the digital revolution still unfolding and with increasing diffusion of technologies such as additive manufacturing and 3D printing, data analytics, Artificial Intelligence, Internet-of-Things etc., there was a need for re-examination of the implications of the moratorium on customs duties on electronic transmissions, particularly for the developing countries and the LDCs.

India said that the developing countries need to focus on improving their domestic physical and digital infrastructure, creating supportive policy and regulatory frameworks, and developing digital capabilities. India's own digital transformation is powered by its unshakeable belief in innovation and its commitment to speedy implementation.

Through the Digital Public Infrastructure (DPI) approach, India is promoting innovation, democratising technology and fostering a competitive ecosystem for digital businesses. DPI has spurred a national technology revolution in areas like commerce, credit, healthcare, payments, e-governance, citizen services among others. India's own experience shows that a broad thrust on digital infrastructure, skills, education and enabling policies has spurred rapid, population-scale digitalization.


POST YOUR COMMENTS
   

TIOL Tube Latest

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

TOP NEWS


AR not Afar by SK Rahman

VISION 360



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

TII LATEST

TIOLCORPLAWS LATEST