News Update

Roadmap for Transforming GST into a Good and Simple TaxLanka keen to join BRICS; sends letter to PutinOh mon Dieu! GST Council canoeing away from basic design at every meeting!GST - Section 107(2) clearly does not contemplate the Commissioner seeking to even attempt to review an order passed by the appellate authority: HCGST - Challenge to Section 16(2)(c) to the extent it insisted that the assessee availing ITC had to ensure that the supplier of the inputs had actually paid his output tax to the government fails: HCCus - Petitioner seeks initiation of contempt proceeding for disobedience of Court order - Since the counsel for respondent submits that application of petitioner has been processed, nothing further survives in the present petition: HCChinese troops illegally sailing in Panama Canal: TrumpCus - Delay in filing appeal due to lockdown imposed during COVID pandemic - Reason cited is sufficient for the Tribunal to have exercised the power to condone the delay: HCKerala VAT - It is fit case for remand where assessment order is wrongly set aside by the Single Judge on grounds of limitation: HCDRI seizes gold worth Rs 2.35 Cr at Ahmedabad AirportThe Coconut Oil Story - Tale of Tresses and TaxesAP Police busts illicit gambling operation; 30 arrestedNHAI undertakes pilot project to prevent stray cattle related accidents on NHsPak airstrikes kill 46 people, mostly women & children, in AfghanistanSpoofed international calls from Indian numbers down from 1.35 Cr to 6 LakhsNo Christmas for Ukraine; Russia launches intensified strikesAmantya Tech awarded Grant to develop Carrier-grade 5G SA Core under TTDF SchemeChina’s slowdown forces De Beers to pile up diamond stocksPM meets eminent economists at NITI AayogChina launches drive for single people to date, marry and produce childrenI-T- Provisions of Section 148 do not restrict issuance of subsequent re-assessment notices after prior proceedings, provided they are within limitation period: HCJustice Sanjay Kishan Kaul appointed to 9-member Bahrain International Commercial CourtI-T- Rejection of the books is a necessary precondition to disallow expenses : HCSecretary-level reshuffle: ACC appoints Arunish Chawla of Bihar cadre as new Revenue Secretary + Rachna Shah as new DoP&T SecretaryI-T - While estimating gross profit, industry gross profit which is running business and that gross profit shown by comparable cases, should be considered: ITATKerala Governor Arif Md Khan swaps slots with Bihar Governor Rajendra Arlekar + Former Home Secy Ajay Bhalla goes to Manipur as GovernorI-T - Assessee must be given opportunity to produce documents which apparently prove genuineness of all loans received from alleged dummy companies: ITATAzerbaijan Airlines plane crashes with 72 pax in Kazakhstan; At least 28 surviveI-T - AO cannot make addition u/s 68 if nature & source of deposit is duly explained: ITATNFRA imposes fine of Rs 2 Crore on Deloitte for serious discrepancies in Zee AuditI-T - Cultivation and sale of white button mushroom is to be treated as agriculture activity resulting in agriculture income, exempted u/s 10(1): ITATKhel Ratna controversy deepens with players voicing concerns against exclusionCX - Where assessee reverses entire CENVAT credit amount used for both dutiable & exemption products, before adjudication process, then provisions of Rule 6(3) of CCR 2004 will not apply: CESTATUnion Minister Rajiv Ranjan Singh says NDA to fight Bihar polls under Nitish Kumar leadershipST - Cenvat credit in respect of Outdoor catering, repair and maintenance & insurance services is allowed where these services are availed in respect of assessee's own business: CESTATIran revokes ban on Google Play and WhatsAppST - Demands based on statements taken under Section 9D of Central Excise Act 1944, which were later retracted, are not tenable: CESTATRussian cargo ship goes down after blast in MediterraneanST - Activity of packing bulk packs into retail packs amounts to manufacture; activity amounting to manufacture will not attract Service Tax levy: CESTATJPC on One Nation one Election to meet on Jan 8
 
Cabinet okays 85 new KVs

By TIOL News Service

NEW DELHI, DEC 07, 2024: THE Cabinet Committee on Economic Affairs has approved opening of 85 new Kendriya Vidyalayas (KVs) under Civil/Defence sector across the country and expansion of one existing KV i.e. KV Shivamogga, District Shivamogga, Karnataka to facilitate increased number of Central Government employees by adding two additional Sections in all the classes under the Kendriya Vidyalaya Scheme (Central Sector Scheme). The list of these 86 KVs is annexed.

The total estimated requirement of funds for establishment of the 85 new KVs and expansion of 01 existing nearby KV is Rs. 5872.08 crore (approx.) spread over a period of eight years from 2025-26. This includes capital expenditure component of Rs. 2862.71 crore (approx.) and operational expenditure of Rs. 3009.37 crore (approx.).

As on date, there are 1256 functional KVs, including 03 abroad viz. Moscow, Kathmandu and Tehran and a total number of 13.56 lakh (approx.) students are studying in these KVs.

The administrative structure for implementing the project will require creation of posts at par with the norms fixed by the Sangathan for running of one full fledged KV with a capacity of approximately 960 students. Hence, 960 X 86 = 82560 students would benefit.  As per norms in vogue, a full-fledged Kendriya Vidyalaya provides employment to 63 persons and accordingly, approval of 85 new KVs and the expansion of one existing nearby KV, which will add 33 new posts, a total of 5,388 direct permanent employment opportunities will be created.  Construction and allied activities associated with augmentation of various facilities in all KVs are likely to generate employment opportunities for many skilled and unskilled workers.

The Government of India approved the Scheme of Kendriya Vidyalayas in November 1962 to provide educational facilities of uniform standard throughout the country for the children of transferable Central Government/Defence employees. Consequently, "Central Schools Organization" was started as a unit of the Ministry of Education of the Government of India. Initially, 20 Regimental Schools in Defence Stations were taken over as Central Schools during the Academic Year 1963-64.

Kendriya Vidyalayas are primarily opened to cater to educational needs of wards of transferable and non-transferable employees of Central Government including Defence and Paramilitary forces and for children of floating population and others including those living in remote and undeveloped locations in the country.

 In pursuance of the National Education Policy 2020, almost all Kendriya Vidyalayas have been designated as PM schools, showcasing the implementation of NEP 2020 and acting as exemplar Schools for others.  The KVs are some of the most sought after schools, due to their quality teaching, innovative pedagogy and up-to-date infrastructure.  There has been continuous increase in the number of students applying for admission to class I in KVs every year and the performance of the students of the Kendriya Vidyalayas in the board examinations conducted by CBSE has consistently been the best among all educational systems.


POST YOUR COMMENTS
   

TIOL Tube Latest

Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy