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Government unveils key initiatives to boost industrial growth & investmentsPakistan train hijack saga - security forces make negligible gains despite heavy shelling & firing; over 250 hostages still being heldI-T- Proviso to Section 36(1)(iii) aims to exclude interest costs from being deductible during the period from when loan is initially taken until asset created by borrowing is used in business: HCDisplaying food menu and rate list mandatory aboard trains: Railways MinisterI-T- Section 36(1)(iii) does not distinguish between capital borrowed for revenue or capital assets: HCRBI, NCFE launch joint campaign to boost financial literacyGST - A new entry was inserted to make Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice to be taxable @ 14% GST and @12% Compensation Cess - Therefore, these notifications can only have effect from the date it is made effective and prospectively: HCLaw Ministry acknowledges US Securities and Exchange Commission’s request for assistance in lawsuit against Adani Group; Gujarat court asked to serve noticeGST - In the absence of reasons having been assigned in SCN in support of a proposed retrospective cancellation as well as a failure to place petitioner on prior notice of such an intent clearly invalidates impugned action: HCGovt extols pension reforms, focus on senior citizens' welfareGST - Appeal should not be dismissed merely due to a procedural delay, especially when the petitioner has made an effort to comply with statutory requirements, including the pre-deposit of 10%: HCMP Govt unveils Rs 4.21 Lakh Crore budget focussed on industrial growthCX - No disputed question of law is involved - Contention that no personal hearing was granted is contrary to the record - Petitioner should avail alternative remedy: HCGovt recounts steps to improve financial soundness of banks; credit discipline, responsible lending being addressedMisc - Grave prejudice caused - In absence of a notice of any kind and a reasonable opportunity of hearing, the order passed becomes wholly vitiated: HCChin refugees from Myanmar draining resources, creating security threat for Mizoram: Mizo activist writes letter to Home Minister Amit ShahHow Many Days Make a GST Month?Baloch rebels hijack Jafar Express in Pakistan; 20 security personnel killed while about 180 taken hostage; 80 hostages freed so farAAHAR 2025 - APEDA showcases achievements in agriculture & processed food sectorsWhite House dials up heat on Columbia University to expel pro-Palestinian activistsIndia, Qatar ink MoU for bilateral investment, financial tools & PPP frameworkNew electrochemical process developed which turns urine into plant fuelIndia accounts for 3% of global pharma exports; Govt lists steps to curb spurious drugsUkraine backs US-led proposal for 30-day ceasefirePMG reviews mega infra projects in AP & TN; calls for resolution of pending issuesCus - It is for an aggrieved person to choose from available remedies & to bear consequence - including that of lack of jurisdiction; it is for other side to advise caution on that in score: CESTATI-T - Merely because cash were deposited during demonetization period, does not make it tainted: ITATI-T- Retrospective denial of exemption u/s 11 and 12, on grounds of the claimant having been registered u/s 12A, is invalid: ITATI-T- Re-assessment invalid where based solely on conjecture & without being based on any corroborative evidence or independent verification by AO: ITAT
 
India, Qatar ink MoU for bilateral investment, financial tools & PPP framework

 

By TIOL News Service

NEW DELHI, MAR 12, 2025: IN a significant move towards strengthening bilateral cooperation, a Memorandum of Understanding (MoU) on financial and economic cooperation was signed between the Ministry of Finance (MoF) of the Republic of India and the Ministry of Finance of the State of Qatar on 18.02.2025 during the visit of HH Amir of the State of Qatar to India.

The MoU was signed by Baldeo Purushartha, Joint Secretary, Department of Economic Affairs, MoF, and Mr. Mohammed Hassan Jabir Al-Jabir, the Ambassador to the State of Qatar, on 5th March 2025, at New Delhi.

The MoU aims to promote and develop mutual collaboration in the areas of economic policies, use of financing tools, public-private partnership framework and investment. This collaboration will institutionalise a commitment for expanding the mutually beneficial and multi-faceted bilateral relationship with Qatar. The MoU is expected to explore new and emerging sectors and avenues for investments in both the countries.

This MoU marks an important milestone in the journey towards achieving common objectives of both the countries. The Ministries of Finance of both the countries shall promote models and areas of joint collaboration between them, such as organising expert workshops, seminars and conferences; exchanging documentary and technical information in areas of joint work and keeping pace with the dialogue between the business communities of the two countries.

The MoU signifies the commitment of both sides to work together and unlock new opportunities for investment, growth and development.

 


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