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I-T- As per settled position in law, if let out property remains vacant during whole of relevant AY, then its ALV is to be taken as NIL: ITATUttarakhand Govt cancels manufacturing licence of 14 products of PatanjaliI-T - If assessee has supplied raw materials or directed vendors to purchase from its associate to complete manufacturing, it is 'contract for sale' & not 'contract of work': ITATIMF okays USD 1.1 bn bail-out package for PakistanI-T - CIT(E) should decide afresh application in Form No. 10AB for grant of registration u/s 12A(1)(ac)(iii), if application of trust was rejected without following natural justice: ITAT3 police officers killed in shoot-out in CarolinaI-T - If PCIT himself was satisfied that there was no error in order of AO vis-à-vis irregularities noted by him initially, there can be no case for exercising any revisionary power u/s 263: ITATGaza protesters on Columbia Univ campus turn tin-eared to police warningsI-T - Extension given for getting special audit done u/s 142( 2A) suffers from multiple infirmities, then assessment order is held to be void ab-initio: ITATBus swings into gorge; 25 Peruvians killedI-T - Sale consideration received in cash in lieu of agreement of sale upon failure of deal, cannot be penalized u/s 271D: ITATBattle against cocaine cartel: 9 Colombian soldiers perish in copter crashI-T- Payment made by NSE to Core SGF is business expenditure allowed u/s 37(1): ITATICG, ATS Gujarat seize Indian fishing boat carrying 173 kg of narcoticsGST - No hearing notice sent - Petitioner was prejudiced inasmuch as he could not be present at the time of personal hearing and the case was decided in his absence adversely - Matter remanded: HCTwo-Day Critical Minerals Summit begins in New DelhiGST - A taxpayer's registration can be cancelled with retrospective effect only where consequences of customers being denied ITC are intended and warranted: HCSC stays HC order directing CBI to probe against WB officials’ role in teachers’ recruitment scamGST - Proper Officer has not applied his mind to the replies submitted but merely held that the same is not proper - This ex facie shows non-application of mind - Order set aside and matter remanded: HC9 killed as two vehicles ram into each other in ChhattisgarhGST - If the proper officer was of the view that the reply submitted is unsatisfactory, he could have sought further details from petitioner - Matter remitted: HCConsumer court orders Swiggy to compensate for failure to deliver Ice CreamGST - CBIC is directed to look into the issue of automatic generation of non-migrated GST numbers and take rectificatory steps to identify such non-migrated numbers and cancellation thereof: HCRequisite Checks for Appeals - Court FeeST - GTA Service supplied by assessee & Service Tax already paid by service recipient - same activity cannot be taxed again in hands of service provider under SOTG service - no scope for double taxation in statute: CESTATThe 'taxing' story of Malabar Parota, calories notwithstanding!CX - As Unit No. I is entitled to take CENVAT Credit of duty paid by Unit No. II, it is a revenue neutral situation, thus extended period of limitation cannot be invoked: CESTAT
 
State of Global Economy - One in every Nine suffers from Hunger: FAO

By TIOL News Service

ROME, OCT 04, 2014: MORE than 800 million people – or one in every nine on the planet – suffer from hunger, but a new joint UN agency report released stated that the Millennium Development Goal of halving the proportion of undernourished people by 2015 is still within reach.

The State of Food Insecurity in the World report released in Rome by the UN Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the UN World Food Programme (WFP), confirmed a positive trend, which has seen the number of hungry people decline globally by more than 100 million over the last decade and by more than 200 million since 1990-92.

"China alone has reduced the number of undernourished people by 138 million in this period, while the 10 countries that have achieved greatest success in reducing the total number of hungry people in proportion to their national population are: Armenia, Azerbaijan, Brazil, Cuba, Georgia, Ghana, Kuwait, Saint Vincent and Grenadines, Thailand and Venezuela," FAO said in a press release.

The overall trend in hunger reduction in developing countries means that one of the key Millennium Development Goals (MDGs) of halving the proportion of undernourished people by 2015 is within reach, "if appropriate and immediate efforts are stepped up," the report said.

To date, 63 developing countries have reached the MDG target, and six more are on track to reach it by 2015, it said.

"This is proof that we can win the war against hunger and should inspire countries to move forward, with the assistance of the international community as needed," the heads of the three UN food agencies wrote in their foreword to the report.

The report noted how access to food has improved rapidly and significantly in countries that have experienced economic progress, notably in Eastern and South-Eastern Asia.

Access to food has also improved in Southern Asia and Latin America, but mainly in countries with adequate safety nets and other forms of social protection. Despite significant progress overall, several regions and sub-regions lag behind.

‘In Sub-Saharan Africa, more than one in four people remain chronically undernourished, while Asia, the world's most populous region, is also home to the majority of the hungry - 526 million people," according to the report.

Very slow progress was recorded in several African countries, including Botswana, Cote d’Ivoire, Madagascar, Malawi, Namibia, Uganda, Tanzania and Zambia, where the number as well as prevalence of undernourished people in the population increased," according to the report.

With the number of undernourished people remaining "unacceptably high", the agency heads stressed the need to renew the political commitment to tackle hunger and to transform it into concrete actions.

Latin America and the Caribbean have made the greatest overall strides in increasing food security. Meanwhile Oceania has accomplished only a modest improvement. The FAO, IFAD and WFP report specifies that hunger eradication requires establishing an enabling environment and an integrated approach.

This year's report includes seven case studies - Bolivia, Brazil, Haiti, Indonesia, Madagascar, Malawi and Yemen - that highlight some of the ways countries tackle hunger and how external events may influence capacity to deliver on achieving food security and nutrition objectives.


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