Budget 2024 Updates

FM hikes exemption limit for long-term capital gain to Rs 1.25 lakh + hikes tax rate to 12.5% on specified financial assetsCGST - Finance Bill proposes to amend Sec 9 to take ENA out of purview of GST + inserts Sec 11A to regularise non-levy of tax on general practice in tradeCGST - Sub-sections to be inserted in Act to relax time-limit to avail ITC u/s 16(4) + New Sec 74A proposed to provide for common time limit for demand notices in fraud casesCGST - Proviso to be inserted in Sec 30(2) to provide for enabling conditions for revocation of registration + Amendment in Sec 39 to mandate return filing by TDS deductors even if there is no deduction in a particular monthIGST - Amendment proposed to prohibit refund of unutilised ITC on zero-rated supplyCustoms - Finance Bill proposes to amend Sec 28DA for acceptance of different types of proof of origin under FTAsFM hikes standard deduction to Rs 75K for new ITR regime + revises tax rates for all income slabs + Rs 7000 Cr revenue foregoneBudget withdraws 2% equalisation levyFM reduces corporate tax rate for foreign companies to 35%FM proposes vivad se vishwas scheme + hikes monetary limits for filing appealsFM proposes 20% capital gains tax on short-term assets + listed financial assets held for more than one year to be classified as long-termGovt scraps TDS on Mutual Funds + decriminalises delay in depositing TDS + rationalisation of compounding of offences + revamps reassessment periodBudget proposes comprehensive review of I-T Act, 1961 + simplifies provisions for charities and TDSFM reduces customs duty on gold and silver to 6% + Nil BCD on nickel cathodeBudget proposes to reduce BCD on mobile phone and chargers to 15% + exempts 25 minerals from customs dutyFM exempts cancer medicines from Customs duty + amends BCD for various machinesFM proposes Rs 48 lakh expenditure outlay; 4.9% fiscal deficitFM announces Rs 1 lakh crore fund for developing space economyPromotion of Tourism - Vishnupad temple and Bodh Gaya temple corridors to be supportedFM announces over Rs 11 lakh crore capital expenditure in current fiscalGovt to invest in small Nuclear energy plants in partnership with private playersCentre to ask States to lower stamp duty for women purchasers of housesIBC - More Benches of NCLT to be set up to speed up recoveryFM spikes limit of Mudra loan to Rs 20 lakhsBudget offers financial aid to labour-intensive MSMEs in manufacturing sectorGovt announces 3 crore additional houses under PM SchemeGovt to secure Rs 15K loan for AP from multilateral agenciesGovt to frame new policy for all-round development of Bihar, Jharkhand and OdishaGovt to give one-month salary to all new recruits in formal sector through EPFOGovt to promote vegetable clusters closer to urban settlementsGovt to focus on productivity of agriculture with climate-resilient seedsFM allocates Rs 2 lakh outlay for PM's five schemes for job creation and farmersFM Nirmala Sitharaman presents 7th Union Budget in ParliamentBudget 2024: FM arrives at Parliament; Speech to begin at 11AMEconomic Survey 2023-24 - from GST PerspectiveUkrainian FM goes on tour to ChinaI-T- Additions framed u/s 69A are untenable where affidavits submitted by assessee's parents to explain source of cash deposits, were discarded by AO without consideration : ITATSurvey acknowledges productivity loss due to mental health disordersI-T- Short term capital gains returned by the assessee in terms of provisions of section 50 of the Act on assets held for a period of more than 36 months be treated as long term capital gains: ITATExpenditure on social services up from 6.7% to 7.8% of GDP: SurveyI-T-Additions framed u/s 68 are upheld where assessee is unable to prove genuineness of transaction involving purchase and sale of penny stock: ITATTrade deficit contracts to USD 78 bn from USD 126 bn in 2023I-T-Re-assessment is invalidated when there is no failure on part of assessee to make full and true disclosure of facts necessary for assessment: ITATCorporate profitability has peaked to 15-yr-old high between 2020-2023: SurveyI-T- When cash generated out of sales has been credited in the books of accounts, the provisions of Sec.69A could not be invoked: ITATBudget 2024: More relief for senior citizens & individual taxpayers on card; tweaking of capital gains tax likely; steady capital expenditure to stayI-T- If any amount invested is purely a strategic investment & for purpose of commercial expediency, then AO cannot hold such investments to be for non-business purpose: ITATGoogle backpedals on plan to scrap cookies from ChromeCus - For a HNWI individual, an expensive watch of 'Rolex' make would be his personal effect but same may not be the case if the person is of mere means - Pendant studded with diamonds not liable for confiscation: HCGovt amends Recruitment Rules for Debts Recovery TribunalGST - Even if no date, time or place of hearing is indicated in the notice issued, it was the duty of assessee to file his reply to SCN, which was admittedly received - Plea regarding violation of principles of natural justice cannot be countenanced: HCAbhinav Bindra conferred with Olympic OrderGST - Mismatch between value of e-way bills generated on portal and returns filed in Form GSTR-3B - Petitioner did not provide a comprehensive explanation - To remit sum of Rs.3.50 crores within six weeks - Matter remanded: HCHackers mercilessly hack Bangladesh PM’s website along with police portalsGST - Rule 30 of Rules, 2017 - Assessing officer ought to have issued summons and obtained clarification rather than estimating the outward supply value at 110% of purchase value - Order set aside and matter remanded subject to remit of 10% disputed tax demand: HCUS law-makers call for resignation of Secret Service chief in Trump assassination caseGST - Net ITC shown incorrectly - An inadvertent error was committed and such error was rectified, albeit irregularly, however, sum recovered from petitioner's bank account - Order set aside and matter remanded: HCKarnataka IT Industries piling pressure on govt to extend working hoursGST - Since notification is declared unconstitutional, Amount of IGST paid pursuant to Entry No. 10 of Notification No. 10 of 2017 is to be refunded along with statutory interest: HCStudy says earth’s water depleting fastFDI inflows slide to USD 26.5 bn in 2024 from USD 42 bn in 2023: Economic Survey
Haj Pilgrimage: Govt sets up portal real time monitoring of patients, OPDs and critical care treatment


By TIOL News Service

NEW DELHI, JUNE 22, 2024: UNION Health Secretary, Apurva Chandra released a document titled, "Medical Care Arrangements for Haj Pilgrimage", here yesterday, in collaboration with the Ministry of Minority Affairs. Mohammed Shahid Alam, Consulate General of India in Jeddah (who joined virtually), and other stakeholders were also present.

Haj represents the largest and most enduring annual mass gathering event globally. The responsibility for medical care arrangements lies with the Emergency Medical Relief Division and the International Health Division of the Directorate General of Health Services under Ministry of Health and Family Welfare.

On the occasion, Apurva Chandra stated that "this document lays the roadmap of the health services and how those services can be availed of by the pilgrims." Noting that this is only the second year since the healthcare responsibilities have been assigned to the Union Health Ministry, he stated that "the experience has provided significant learnings for improving the healthcare services. Around 1,75,025 pilgrims undertook the Haj pilgrimage this year from India, of which approximately 40,000 are elderly people were above the age of 60. In view of the harsh weather conditions this year, the health challenges have necessitated round the clock services for the pilgrims. Last year, oral health and dental care services have been added learning from the past experience". The Union Health Secretary also added that nearly 2 lakh OPDs have been conducted this year, along with visits by the medical teams to the pilgrims. 

Apurva Chandra stated that with the help of NIC a live portal has been developed that provides real time data and analysis on the pilgrims seeking medical care and the services being provided. "We are continuously monitoring and this will help us to improve our services significantly, such that we become the beacon of excellence to be emulated by other countries', he added.

The Union Health Secretary said that "it is a matter of pride to be of assistance to our citizens wherever they might be. Be it for evacuating our students from Ukraine or assisting our people who got stuck in the fire incident in Kuwait, India has always been at the forefront in helping its citizens." He stated that India has even helped citizens from other countries, including European countries who sought its help during crisis.

L.S. Changsan, Addl. Secretary, MoHFW emphasized on the importance of comprehensive healthcare planning for such a large gathering, especially in the demanding Saudi Arabian climate. She highlighted the strategic placement of medical teams in Mecca and Medina for easy convenience of the pilgrims and the collaboration between MoHFW and NIC on creating a portal for real time access of data on admissions and operations of the health mission. She also acknowledged the tireless efforts of the medical teams in Saudi Arabia who are still there and working hard for ensuring health & safety of pilgrims. She commended the dedication of all stakeholders involved, which included Ministry of Minority Affairs, Consulate General of India, Jeddah, Haj Committee of India, National Informatics Centre (NIC), WHO India, HLL Lifecare Limited (HLL), Central Govt Hospitals, All AIIMS and all states and institutions from across the country for their support towards this endeavor.

Shahid Alam, Consular General of India in Jeddah highlighted that the publication of the document is vital for institutionalizing the healthcare arrangement system for Indian pilgrims. He explained the on-field experiences and challenges faced during Haj. Appreciating the efforts of the Indian medical personnel, he informed that the medical services provided by the Indian health mission were also rated highly by the Kingdom of Saudi Arabia (KSA).

he medical care arrangements provided by the Union Health Ministry include revising the medical screening and fitness certificate used to assess the health and fitness of Haj applicants in India, providing health card to select Haj pilgrims for their journey and stay in KSA, providing vaccines to states for organizing vaccination camps, establishing Health Desks at embarkation points, deputation of healthcare personnel with the support of MoMA and setting up of medical infrastructure at various sites in KSA chosen by MoMA.

The link to the NIC portal can be accessed here: https://hphis.ehospital.nic.in/

Dr. Jitendra Prasad, Addl. Director General of Health Services ; Shobhit Gupta, JS, Ministry of Civil Aviation; Dr. L. Swasticharan, Addl. DDG & Director, EMR; Ankur Yadav, Deputy Secretary, Ministry of Minority Affairs and senior officers of the Ministry of Health & Family Welfare were present on the occasion.


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