News Update

Cus - Most appropriate method to determine the value of Service Spare Parts exported by Applicant is by application of Rule 9 of Customs Valuation Rules, 2007: CAARCus - Power to formulate and amend FTP is with Central Government and neither DGFT could amend FTP through policy circulars nor such power to amend could be delegated by Central Government to DGFT: HCCX - SVLDRS, 2019 - COVID Pandemic - Even in cases where payments were made subsequent to 30.06.2020, same ought to be accepted and discharge certificate issued: HCGST - Respondents-revenue committed a grave and serious error in not granting a pre-decisional hearing to the Appellant before passing the impugned order blocking its Electronic Credit Ledger under Rule 86A: HCGST - Rule 86A - The expression 'reason to believe' would necessarily mean that the respondents must arrive at a satisfaction based on their own independent inquiry and not upon borrowed inquiry: HCGST - ITC blocking - Order invoking rule 86A is based on borrowed satisfaction - No independent or cogent reasons are contained in the order: HCSC lambasts Punjab & Haryana over Delhi smog cloudsGST - Petitioner has failed to give any good ground for condonation of delay even before the Court, therefore, this Court, under extraordinary jurisdiction cannot interfere with the orders: HCJapan hoots siren against bird fluGST - Petition has been dismissed solely on the ground of availability of alternate remedy - Issue whether the order is an outcome of non-application of mind; whether passed without consideration of documents should have been decided in writ petition: HCInferno at Mumbai 14-storey building; 3 reduced to ashesGST - Petitioner is aggrieved that the benefit of ITC and 11/2017-CTR has not been extended - Application for rectification u/s 161 may be filed: HCChina launches new satellite groupAs is where is clarifiedNavigating the GST Maze: How the Supreme Court's Ruling Redefines ITC for Construction IndustryIntrospect Exuberance Over FATF's Report on IndiaI-T- Re-assessment - AO is within limits to form opinion without full examination of documents, where assessee is originally assessed u/s 143(1); allegation of change of opinion not maintainable here: HCCEC says EVMs cannot be hacked like pagersI-T- Power of revision rightly invoked where assessment order found to have been passed without making proper enquiries or verification: HCSamsung workers’ month-long strike may end soon as talks fructifyI-T- Provisions of Section 14A cannot be applied where no exempt income is found to have been earned in the relevant AY: ITATAmerican court rules Meta to face music for promoting addiction of social media among teensI-T- Charges of unexplained money as per Section 69A are invalid where its source is sales made by assessee & which are recorded in books of accounts: ITATTrump reiterates imposing of ‘suspension-breaking’ tariffs on imported carsNorth Korea claims 14 lakhs youth joined army in one dayFM to attend Annual Meetings of IMF-World Bank in USA; Also to visit MexicoGaza War cost likely to be close to USD 20 bn: World BankKerala Municipalities Act, 1994 - Having a chapel in a building does not render it a building meant for public worship & hence is not eligible for exemption from property tax: HCMaharashtra to go to polls on Nov 20; Jharkhand on Nov 13 & Nov 20; Results on Nov 23GSS 2024 calls for collaboration on international standards for digital technologiesCBIC Member inaugurates creche and cafeteria at CGST FaridabadSecond meeting of Joint Committee under India-UAE CEPA heldIndia to make telecom services available to emerging economies: Goyal
 
India to make telecom services available to emerging economies: Goyal

By TIOL News Service

NEW DELHI, OCT 16, 2024: UNION Minister of Commerce & Industry, Piyush Goyal, said that India is all set to become a provider of telecom services and Indian companies will become providers of high security and quality technological equipment to emerging economies.

During his address at the inauguration of World Telecommunication Standardization Assembly and 8th edition of India Mobile Congress yesterday in New Delhi, the Minister expressed confidence that India in the future will lead international telecom supply chains and urged companies to find solutions to help take telecom to countries still behind in network connectivity. India has a role to play in making technology available in the Global South and in leading the world in fulfilling the Sustainable Development Goal (SDG) to make digital connectivity affordable across the globe. He added that  seamless broadband connectivity across the country has earned India the moniker 'Trusted Partner of the World'.

Commerce and Industry Minister highlighted India's stable network connectivity across rural and urban areas as an achievement of the flagship 'Digital India' campaign launched by the Prime Minister Narendra Modi in 2015. He hailed the Prime Minister's foresight of using technology as an enabler for good governance, for providing business opportunities and as an enabler to expand the country's economic activities. Goyal said that India today thinks as one nation and attributed Prime Minister Narendra Modi of ushering a change in the mindset of the youth and aligning the thought process of the entire country towards the nation's development.

Goyal continued that making the digital push back in 2015 helped in continuation of essential services leading to seamless business activities across the country during Covid pandemic. When countries work with India, they are assured of high quality, affordability and cost effective solutions and are assured of uninterrupted business activities allowing companies to look up to India for their global capability centres (GCCs), he said.

He noted that in terms of technological developments in telecom services like innovation, availability of equipment, services and data India is far ahead of developed countries. Of India celebrating World Standards Day yesterday, Goyal said that the government is working towards making India a provider of quality goods and services. Everything that India does will have an imprint of quality defining the India growth story, he said.

Alluding to the theme of the event "The Future Is Now", the Minister said that India is contributing to not only its future but of the world and its offering of digital technologies plays an integral part in bringing the world as one family. He further stated that the entire ecosystem of digitalisation involving machine learning, artificial intelligence and data analytics has its imprint in India. India is recognised for its innovation, talent and the large market it provides. Innovation defines the India growth story and the world recognises India as a leader in democratising technology for the deprived and the whole world, he said.

While paying his respects to Dr. A.P.J. Abdul Kalam on his birth anniversary, the Union Minister stressed that his pioneering work in cutting edge technology has been appreciated worldwide and his engagement with the youth will always remain a source of inspiration for the country.

Goyal praised the Telecom Equipment and Services Export Promotion Council (TEPC) for instilling confidence in making India self-reliant in technological achievements. He emphasised that India today is a different story as it has been able to launch 5G parallelly with the rest of the world and underlined that the country will be the leader in launching and developing 6G. He said that through the National Broadband Mission, every corner of the country will benefit from 5G technology.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri Samrat Choudhary, Hon’ble Deputy CM & FM of State of Bihar, delivering inaugural speech at TIOL Tax Congress 2024.



Justice A K Patnaik, Mentor to Hon'ble Jury for TIOL Awards 2024, addressing the gathering at the event.