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America's sanctions-bazooka spawns billion-dollar lobbying industry in Washington!India unveils AI Data Bank to propel InnovationIndia hails resumption of FTA dialogue with UKSignificant progress made under National Logistics PolicyTRAI takes steps to combat spam calls and SMSCoal import by Thermal Plants & non-regulated sector declines in last 6 monthsI-T - Bonus shares that have been distributed to assessee without any consideration, does not amount to income: HCInflation is no risk to India’s growth story: DEA SecretaryBlack Money Act - Initiation of prosecution u/S 51 Black Money Act not dependent on completion of assessment proceedings u/S 10 for tax evasion: HCNY Court indicts Gautam Adani on bribery charge in solar energy dealI-T - AO must consider identity and creditworthiness of depositors on basis of documents placed on record by assessee, before making any addition u/s 68: HCApple offers USD 100 mn investment in Indonesia after ban on iPhoneI-T- Absence of any material available on record to have live nexus with information received by AO invalidates re-assessment: HCAmerican Senate stalls move to block military sales to IsraelI-T - If trust has incurred expenditure and applied income/donation received by it for charitable purpose, then such trust is entitled to benefit of same: HCAustralian law moots USD 30 mn fine on social media if under 16 users are not kept at arm’s lengthI-T- Assessee's 'right to collect toll' is not an ‘intangible asset' under explanation 3(b) of Section 32(1)(ii): ITATUK Parliament okays legislation to re-nationalise rail servicesST - There is no service on which Cenvat Credit was availed in providing renting of immovable property service therefore the condition mentioned at clause (ii) of notification 33/2012-ST is not relevant: CESTATPainting depicting surrealism auctioned for USD 121 million in NYCus - The department cannot file an appeal against order passed by Commissioner under Customs Brokers Licensing Regulations, 2013: CESTATISRO targeting 10% of global space economy in next 20 yearsCX - Clandestine clearance - Department unable to substantiate the charge by way of corroborative evidence; case built on presumptions & surmises, hence not tenable: CESTAT
 
G20 Declaration on DPI, AI and Data for Governance endorsed by several countries

By TIOL News Service

NEW DELHI, NOV 20, 2024: GLOBAL growth at just over 3 percent is the lowest since the turn of the century when an average of nearly 4 percent prevailed till the pandemic. At the same time, technology is moving at dizzying pace, and if equitably deployed, affords us a historic opportunity to raise growth, reduce inequality and take one giant step towards bridging the gap in attaining the Sustainable Development Goals (SDGs).

Accelerating progress towards the SDGs requires inclusive digital transformation. The experiences of several G20 countries have demonstrated that well-designed digital public infrastructure (DPI) augmented by artificial intelligence (AI) can enable the use of data for development, creating new jobs and delivering better health and education outcomes. Their adoption by G20 countries more widely has the potential to radically transform the lives of citizens thereby renewing their faith in vibrant democratic principles. In this context, we recall the adoption of Global Digital Compact at the UN Summit of the Future. We also welcome the Global DPI Summit held in Cairo, Egypt in 2024.

The benefits of growth with job creation can only be unlocked when technological systems focus on each citizen, enabling small and large businesses to connect to them to improve the livelihood of families and neighbourhoods. This happens when such systems are inclusive, development-oriented, secure and designed to respect the privacy of individuals. In the marketplace, systems that follow common design principles - like open, modular, interoperable and scalable - enable the private sector serving diverse sectors such as ecommerce, health, education and finance to connect to the technological system and to each other. Over time, as the population grows and when national needs change, the systems adapt seamlessly.

A seamless transition of technology over time requires pursuing a technology neutral approach to create a level-playing field for market participants and for the deployment and proliferation of DPI, AI and data for development. This approach is conducive to supporting greater competition and innovation, and towards stimulating wider economic development and reducing asymmetries in the digital economy.

Key to this deployment is the establishment of fair and equitable principles for data governance to address data protection and management, privacy and security while offering market participants the protection of intellectual property rights and their confidential information.

Trust is the cornerstone of most flourishing democracies and it is no different for technological systems. Building public trust in these systems requires transparency in operation, appropriate safeguards to respects rights of citizens, and fairness in their governance. For this reason, foundation and frontier AI models that have been trained on diverse and properly representative data sets to be cognizant of the diversity of language and culture are essential so that they benefit diverse societies across the globe.


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