SIGN IN SUBSCRIBE

News Update

Multiple Adjournments of Appeals, After Issue of Final Order - Attempt to Restore ThemDRI faces Canon - againCENVAT Credit for Telecom Tower Erection: A Boon for IndustryTrump says India collects a lot of tariff; threatens reciprocal taxI-T - Recourse to Rule 8D for computing disallowance u/s 14A is available only if taxpayer's computation of expenses attributable to earning exempt income, is found to be inadequate: HCGoa CM’s wife sues AAP MP Sanjay Singh for Rs 100 CrI-T - Reopening u/s 148 can't be sustained, in case of apparent disconnect between reasons which were originally recorded for initiation of reassessment and disclosures which stand embodied in final assessment order: HCSyrian rebels dig out mass grave - ‘machinery of death’ under AssadI-T - Reopening of assessment is not permitted beyond period as stipulated u/s 149(1): HCTrump all set to roll back Biden’s EV policiesI-T - Order passed by Tribunal premised on incorrect facts regarding service of CIT(A)'s order on assessee's correct address, which was actually incorrect, merits re-adjudication: HCFTC bans hidden junk fees in hotelI-T - Once issue is already scrutinized during regular assessment, then same issue can't be considered for assumption of jurisdiction to reopen assessment, as it would amount to change of opinion: HCNASA again delays home-coming of astronauts stuck at Space StationI-T- Additions framed merit being set aside where assessee sufficiently explains source of bank deposits as coming from own deposits & cash gifts received from close family: ITATCBIC launches new initiatives to enhance taxpayer's servicesI-T- Exemption u/s 54 is allowed based on amount utilized from sale consideration towards construction of a property, even if construction is not completed: ITATIndia's pharma market for FY 2023-24 peaks beyond USD 50 billionCus - As per settled legal position, freight is not included in duty calculation when foreign vessel is imported for first time: CESTATCCPA notices to 45 coaching centers for misleading advertisement: MoSCus - In absence of any condition of end use certificate in Notification, same cannot be imposed and for that reason exemption cannot be denied: CESTATPLI for medical devices allocated Rs 3420 Cr: MoSCus - Duty payable on ship stores consumed during ship's coastal run, is rightly excluded while finalising Bill of Entry: CESTATNew DPSUs will carry forward modernisation & indigenisation: RMCus - CBLR - Regulation 10(e) stands contravened as broker failed to exercise due diligence in handling documents & filing import declarations by permitting unauthorised use of it's dongle for filing bill of entries: CESTATUnion Minister invites Uniqlo to invest in PM's Mega ParksCus - Order revoking Customs broker's license & forfeiting security deposit and imposing penalty, are untenable where timelines prescribed for issuing SCN, submitting inquiry reports & passing order, are not adhered to: CESTAT
 
New DPSUs will carry forward modernisation & indigenisation: RM

By TIOL News Service

NEW DELHI, DEC 18, 2024: A meeting of Consultative Committee for the Ministry of Defence (MoD) under the chairmanship of Raksha Mantri Rajnath Singh was held in New Delhi on December 17, 2024. The roles and functions of the new DPSUs, created post corporatisation of erstwhile Ordnance Factory Board, were deliberated upon during the meeting. The committee members were apprised on the financial figures, modernisation, capital expenditure, exports, new products developed and ongoing R&D projects.

Raksha Mantri appreciated the efforts taken by the new DPSUs in indigenisation of critical products, modernisation of production facilities and promotion of MSMEs. He appreciated the fact that post corporatisation, the new DPSUs have shown improvement in productivity and quality. There has been good progress in the sales and profit of these DPSUs in a very short span of time, he added.

Rajnath Singh exuded confidence that the new DPSUs will carry forward modernisation & indigenisation, and will set new dimensions in quality, turnover, profitability and other financial parameters by incorporating world class technologies. "Our new DPSUs will make India 'Aatmanirbhar' in the field of defence production," he said.

On the concerns and suggestions of some of the committee members on certain HR-related issues within the new DPSUs, Raksha Mantri assured them that all issues emanating from the corporatisation of DPSUs are being addressed adequately in consultation with all the stakeholders. He appreciated the suggestions, and said that these would be examined for implementation.

Raksha Rajya Mantri Sanjay Seth, Chief of Defence Staff General Anil Chauhan, Secretary (Defence Production) Sanjeev Kumar and other senior officers of MoD were present in the meeting.


POST YOUR COMMENTS
   

TIOL Tube Latest

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

TOP NEWS


AR not Afar by SK Rahman

VISION 360



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

TII LATEST

TIOLCORPLAWS LATEST