News Update

Right to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK’s key water supplier, Thames Water, slips into financial quagmireI-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITATUK to send military aid package worth USD 619 mn to UkraineI-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITATUS regulator bans non-compete agreements by employeesI-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITATPalestinian PM unveils new reform packageI-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITATAir India, Nippon Airways join hands for travel between India and JapanGovt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI10 killed as two Malaysian Military copters crashI-T- Lower authorities erred in disallowing long term capital loss : ITATSC grills Baba Ramdev & Balkrishna in misleading ad case1351 candidates to contest in phase 3 of LS ElectionsI-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITATIndian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at seaST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTATAFMS, ICMR join hands to undertake biomedical research for Armed ForcesCus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT
 
Need to revise Telecom Policy - Govt now gearing up for 5G: Minister

By TIOL News Service

NEW DELHI, JULY 15, 2017: THE Telecom Minister, Mr Manoj Sinha, has said that data is going to drive industry more and more rather than voice and therefore, the Ministry has initiated a move to relook at the current Telecom Policy through public consultation, as the need of the hour is to ramp up for the Digital era. Speaking at the 10th Anniversary Celebrations of IPTV Society here, he said that whether it is broadband spectrum, Internet adoption/availability, data protection, or cyber security, what was applicable five years back is no more relevant in today’s context, and new policies will need to be futuristic. They will also need to be capable of dealing with India’s challenges and figuring out ways to deal with those challenges. 

The Minister said, while the buzz today is 4G, the Govt is already gearing ourselves for introduction of 5G. "We need to think of and prepare for an ecosystem where Internet of Things (IoT) and Artificial Intelligence (AI) are mainstream, and connectivity is seamless, designed to improve the quality of e-governance and education, as well as to enable financial inclusion, smart cities, and an intelligent transportation system amongst other things," he added.

The Minister quoting experts said that India, along with North America, will lead the way in numbers of 5G subscriptions by 2022, and that 5G will speed up the digital transformation in a number of industries, enabling new use cases in areas such as IoT, automation, transport and big data.

Mr Sinha said that Broadband is of vital importance to India, as indeed to all customers globally, to ensure digital connectivity as this is the stepping stone to higher productivity as is proven in many a developed economy. It enhances commerce, improves banking facilities, improves administrative facilities and empowers the public as a whole. Broadband development is the cornerstone of Digital India and every Indian and remotest location will be empowered through the Digital India initiative. 

He welcomed Broadband India Forum for bringing out credible Research documents from time to time in the form of white-papers and reports, independently or in combination with reputed research agencies on relevant issues which are of value to all stakeholders and for the future of broadband in India. 

The Minister also released a paper by Broadband India Forum and ICRIER which he described is of economic significance for the digital economy concerning ICT Applications.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.




Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.