SIGN IN SUBSCRIBE

News Update

Hungary decides to withdraw from International Criminal CourtPM Modi holds talks with Thai leadership; stresses on N-E emerging as connectivity hubGST - Once orders are passed in violation of principles of natural justice, Court cannot impose any condition requiring petitioner to make any deposit - However, voluntary payment of 25% of disputed tax accepted and matter remanded: HCGST - When respondents intended to pass orders confirming demand, they ought to have provided an opportunity of hearing - Dropping proceedings, based on reply filed, can very well be done: HCTrumps withdraws exemption for small parcels from ChinaGST - Time limit prescribed u/s 73(2) for issuance of SCN is mandatory and if there is any violation of the aforesaid period, the same would render the SCN otiose: HCGST - Appeal has been rejected stating that no application for adjournment was submitted and no further adjournment can be allowed - Grounds canvassed in the appeal petition have not been adverted to by the appellate authority - Matter remanded: HC10 killed as bus and microbus bump into each other in BangladeshGST - Cancellation of registration - Ends of justice would warrant the petitioner being accorded an opportunity to furnish a response to SCN: HCGST - Authority has failed to assign or accord any reasoning or even allude to the response submitted by petitioner, while confirming the demand - Order unreasoned, hence will not sustain: HCGST Council needs to focus more on structural flaws rather than 'scalpelling'!Cus - Penalty imposed on steamer agent for exporting goods with cancelled LEO - export remittance was received, indicating that export indeed occurred; Customs website reflected goods as ready for shipment - penalty quashed: CESTATIndia-Australia Trade Agreement celebrates 3rd Anniversary of signingCus - Exemption under EPCG scheme cannot be denied solely on grounds that it was not claimed at the time of import of relevant goods; exemption can be claimed at time of de-bonding of the goods: CESTATIndia surpasses US and Europe by producing 1,681 LocomotivesST - Reimbursable expenses, operational surplus and freight brokerage are not taxable under CHA or Business Auxiliary Services: CESTATGovt spurs Chip Manufacturing with Fiscal Support42 Organizations publish 1459 write-ups under Anubhav Awards SchemeDFS Secretary chairs meeting on revamping of Central KYC RecordsI-T- Anonymous Donation Addition Under Section 115BBC Requires Proper Verification : ITATTrump’s ‘Liberation Day’ - 10% baseline tariff on all exporters + 34% on China + 26% on India; 25% on South Korea; 24% on Japan & 20% on EUI-T- Requirement to Consider All Grounds for Condonation of Delay in Appeals : ITATImpact of tariffs - Gold hits new high + bonds surge but stocks nosediveCentre imposes President’s rule in ManipurTrump exempts oil imports from tariffsI-T- Assessment Order Can Be Revised Under Section 263 If Key Issues Remain Unverified : ITATTrump relents on friends - Just 10% tariff on UK and Australia
 
FM launches 'NITI NCAER States Economic Forum' Portal

By TIOL News Service

NEW DELHI, APR 02, 2025: FINANCE Minister Nirmala Sitharaman launched the "NITI NCAER States Economic Forum" portal yesterday in New Delhi. The portal has been developed by NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), which is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years (i.e 1990-91 to 2022-23). 

In her keynote address, Nirmala Sitharaman stated that NITI NCAER States Economic Forum will be beneficial in the availability of authentic data. She observed that the portal will help States to make more meaningful interventions, raising revenues, managing debts and learning from peer experiences. She emphasised the importance of balance in public finances between revenue generation without burdening the people. She said that this forum is a much-needed step in present times which will help in greater engagement with States. 

Director General of National Council of Applied Economic Research (NCAER), Dr. Poonam Gupta while making a presentation on the portal highlighted the diverse nature of fiscal path of the States. She underlined the need for a portal which has comprehensive data of all States, thereby, providing an opportunity to appreciate the position of other States while making informed policy decisions. 

CEO, NITI Aayog, Shri BVR Subrahamanyam, in his remarks, emphasised that this forum will not only provide information for public knowledge but will also create awareness and fiscal learning across States. He further opined that this forum will play a pivotal role in human service and a permanent asset for the nation as a whole.

NITI Aayog, Vice Chairman, Suman K Bery, observed that the NITI NCAER State Economic Forum is a key step in data-driven research, especially on public finances.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Technical Session 1: Decoding New Income Tax Bill 2025

TOP NEWS


VISION 360






Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

TII LATEST

TIOLCORPLAWS LATEST