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The kernel of Trumponomics is tariff, tariff & tariff!Union Budget, 2025 - Another SVLDRS is the need of the hourI-T- Delay in verification of ITR and Form 10B merits being condoned in interests of justice, where there is no delay in filing audit report in Form 10B: ITATDRI's investigative insights instrumental in addressing gaps in policy making: CBIC ChairmanI-T - Contingent liability of import duty on capital goods liability will trigger only when assessee does not meet targeted earning of foreign exchange: ITATMinistry of Coal gears up to launch 11th Round of AuctionsI-T - Financing transactions relating to real estate between two sister concerns, born out of commercial expidiency, calls for no addition: ITATMGNREGA: 10K houses being constructed daily with reduced completion timelineI-T- Revisionary power cannot be exercised solely because PCIT disagrees with view taken by AO, more so where original assessment order is passed after making due enquiry: ITATNITI Aayog launches 'Trade Watch Quarterly' in New DelhiI-T - If there is no striking off either of limbs of Sec 271(1)(c) as to for what reason penalty is being proposed to be imposed, then notice issued u/s 274 r/w/s 271(1)(c) is invalid: ITATGST - CBIC amends Circular No 31 of 2018 to clarify on 'Proper officer under Ss 73 and 74I-T - Once interest on housing loan on acquisition of capital asset is allowed u/s 24(b), then same can't be allowed by adding to cost of acquisition of capital asset u/s 48, to compute capital gains: ITATG20 declaration - Taxing super-rich's wealth - Making Modi Govt. accountableI-T- Exemption u/s 10(23C)(vi)(via) cannot be denied where ambiguities arise in Form 10 due to discrepancies in the ITR and not due to any error on part of assessee: ITATEU quickens pace to ink trade deal with MercosurGST - Cancellation of registration - No reply was filed in response to SCN and the appeal against order was also filed after more than a year - Petitioner firm is not entitled for any relief on the ground of being lethargic in approach : HCGM to take hit of USD 5 bn on reduced value of Chinese JVGST - SCN issued in name of a company which ceased to exist on account of its amalgamation, is invalid: HCUnitedHealth CEO shot dead in NY 'targeted' attackDGFT - provisions of Section 28AA of the Customs Act cannot be applied to levy interest on repayment of duty credit scrip: HCTelangana recruits 44 transgenders as traffic assistantsGST - Commissioner to take appropriate measures to ensure that officials concerned are sensitised regarding passing of appropriate orders in accordance with law and not mechanical orders: HCCBI raids 10 places in Delhi in Rs 117 Cr international cyber fraud caseGST - Contents of the petitioner's reply have been scanned and re-printed; even the letter head of the petitioner has been printed in the said order - Respondent has not applied his mind - Order quashed: HCBritain bans daytime junk food TV ads including burgers and muffinsGST - Rectification - limitation for filing appeal would start from date of rejection of rectification application & not from date of original assessment order: HCMoscow, Pyongyang defence pact comes into forceST - Assessee was not given proper notice to clarify correct classification of services - Demand rightly quashed: CESTATFall-out of martial law: South Korean Defence Minister puts in papersCX - Negligence or doubt about duty obligations alone cannot trigger extended limitations; that assessee acted in bona fide belief of goods not being dutiable, does not invite invoking extended limitation: CESTATHard Left in France urges President Macron to hold early elections after govt voted outCX - Section 11D, applicable to exempt excisable goods, could not apply to Zinc Ash which was deemed non-excisable: CESTATRailways grants Rs 60K Crore subsidy on tickets annually: MinisterCX - As is trite law, if shortage is very negligible & there is no allegation of clandestine removal or even no proof of excess clearance of final products or inputs as such, availment of Cenvat credit by manufacturer is valid: CESTAT
 
Talkfest with ILO: India highlights experience in Poverty Eradication & Social Protection

By TIOL News Service

NEW DELHI, NOV 04, 2024: THE 352nd Governing Body meeting of the International Labour Organisation (ILO) is being held at Geneva (Switzerland) from 28 October to 7 November 2024. The India delegation is led by Sumita Dawra, Secretary, Ministry of Labour and Employment during the first week. During the discussions today, Dawra highlighted the importance of inclusive economic policies that generate quality jobs, support social protection, and promote gender equality. Our national efforts to create decent work opportunities for all segments of society, particularly women and youth, which align closely with ILO's call for a renewed social contract was reiterated.

Dawra highlighted India's positive experience in this regard, and informed the ILO Governing Body members on the following:

- India's commitment to improving living standards is reflected in significant initiatives covering all dimensions of poverty that have led to 248 million individuals escaping multidimensional poverty in the last 9 years, as measured by the multidimensional poverty index.

- The significant employment growth over the recent years was showcased, with government policies, skilling programs, and economic growth adding around 170 million persons in economic activity during 2016-17 and 2022-23 as per provisional estimates. India's economic trajectory demonstrates sustained job creationacross key sectors, it was underlined.

- Besides, India has significantly expanded its social protection coverage. This is recognised by the recent ILO's flagship World Social Protection Report 2024-26, which points out doubling of social protection coverage in India. Besides, our largest in-kind Social Protection scheme,namely the Targeted Public Distribution System, is well captured as a part of special coverage in the report, as one of the world's largest legally binding social assistance schemes providing in-kind food security to about 800 million people.

- Further, India's remarkable transformation over the past decade, in terms of financial inclusion and prioritizing access to financial services for vulnerable populations, was highlighted. Thereby the Government has empowered millions of individuals and families, fostering a more inclusive and secure society.

- Government initiatives like PM Jan Dhan Yojana bridge the financial gap for the unbanked, while PM Jeevan Jyoti Yojana and PM Suraksha Bima Yojana offer affordable life and accident insurance, the Governing Body was informed.

On 30 October 2024, during the discussion on the proposal for greater democratisation within ILO Governing Body, India commended ILO but at the same time expressed support for comprehensive reforms in governance in not just ILO but other UN Bodies too.

Taking the opportunity, India emphasized that a convergent approach will ensure UN bodies operate more synergistically for fulfilling the shared vision of promoting social justice and sustainable and inclusive development globally. Geographic diversity, with due consideration to population and workforce, should be the guiding principles for a fairer, more equitable and balanced geographical representation within ILO, it was stated by Secretary, Labour & Employment, GoI in India's intervention on the issue.


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