News Update

Prize money for PM's Excellence Awards will be Rs 20 lakh in 2022: MoSED attaches funds of mobile online gaming app E-nuggets + Also attaches assets of former IRS officer compulsorily retired on corruption chargesNPG recommends 3 key road connectivity projects under PM GatiShaktiNobel Prize in medicine goes to Svante Paabo for work relating to human evolutionECI launches Radio series - 'Matdata Junction' in collaboration with All India RadioISRO’s link with Mars orbiter gets snapped off as batteries drain outDigital India Conference of State IT Ministers held along with the launch of 5GAnti-hijab street fights - Iranian forces crackdown with iron handGST - Rule 89 - Refund of ITC - 14/2022-CT - Benefit that gets accrued by way of legislation cannot be denied/curtailed moreso when it is clarificatory in nature: HCGST - Refund of ITC - Production of shipping bills - Transmission of energy could not have been visualized when Rule 89(2) was incorporated in the Statute book: HCGST - Requiring petitioners to produce shipping bills, as proof of export cannot be made applicable to electricity as export can only be through transmission line, but not through rail, road or water for which documents can be made available: HCEconomy Needs Synergetic Inputs to fix twin Deficits of Inflation & Rupee fall43 injured in fire at Durga Puja pandals on UPAgriculture Income & ITR 7OPEC+ debate cutting production by 1 million barrels per day; Crude price up by 3%I-T - 6 months' limitation for deciding refund claims is to be followed strictly: HCBrazil’s Presidential elections: Neither candidates get 50% votes; Bolsonaro to face Lula in second round of pollLanka reduces tax rate on sanitary napkins amid fiscal crisisI-T - No addition on account of bogus sundry creditors can be made, if AO fails to substantiate non-availability of vendors: ITATST - No service tax is payable on amount collected towards liquidated damages: CESTATTruss says her Chancellor decided himself to reduce UK’s rate for top tax bracketSexual assault case against founder of JD.com, China’s one of biggest e-commerce giants, settled in USSP’s supremo Mulayam Singh Yadav is in ICU at Gurugram Medanta