Centre to repeal all three farm laws enacted in 2020
After withstanding the farmers’ opposition to three agricultural reform legislations for almost a year, Prime Minister Narendra Modi on Gurpurab said the laws would be repealed in the upcoming winter session of Parliament and a panel formed to make the MSP regime more effective. “Apologising to the people with a sincere and pure heart, I want to say that something must have been lacking in our dedication that we could not explain to farmers what was as clear as the light of a diya,” said the PM, describing the three laws as “enactments made with full integrity, clear conscience and with the best interest of farmers at heart.”
SOURCE: The Tribune
PM hands over advanced electronic warfare system ‘Shakti’ to the Indian Navy
Prime Minister Narendra Modi on Friday handed over an advanced electronic warfare system ‘Shakti’ to the Navy in the Jhansi city of Uttar Pradesh. Shakti is meant for interception, detection, classification, identification and jamming of conventional and modern radars. It is developed by the Defence Research and Development Organisation (DRDO) for the capital warships of the Navy. The Prime Minister also presented the miniaturised model of Shakti EW System to the Chief of the Naval Staff at Jhansi Fort under the ongoing three-day ‘Raksha Samarpan Parv’, which will conclude today. Twelve Shakti Systems, developed by Defence Electronics Research Laboratory of DRDO, are under production at Bharat Electronics Ltd with more than fifty MSMEs at a total cost of ₹ 1,805 crores, said officials known with the development.
SOURCE: The Indian Express
Taxes can’t be levied if a company doesn’t have any presence in India: ITAT
A tax tribunal has ruled that domestic taxes cannot be levied on a company that doesn’t have any presence in India. The ruling was given by the Delhi Income Tax Appellate Tribunal (ITAT) in the case of ESPN, the sports channel, versus the tax authorities, ET reported. The report said ESPN was selling advertisement slots and programme sponsorship in India through an Indian company-ESPN Software India. The intermediary company would acquire advertisement time from the Mauritius entity or would further sell that to Indian advertising agencies, said the ET report. The tax department contended that the income generated in this way is taxable as the payment was made by the Indian companies for the advertisements.
SOURCE: The Hindu
Pratham wins Indira Gandhi Peace Prize for edu initiatives
Pratham, a pioneering civil society organisation that is dedicated to improving the quality of education for underprivileged children in India and across the globe, has been awarded the Indira Gandhi Peace Prize 2021. Set up in 1995 by Mrs Farida Lambay and Dr Madhav Chavan in Mumbai, Pratham began its work in slum areas by setting up community-based pre-schools and by offering remedial education to students who lagged behind in their classes. Its outreach in India has now expanded to an average of one million children directly and to five million through government partnerships annually. The foundation’s Annual Status of Education Report (ASER), with the latest one being released on Wednesday, serves as a model to assess education outcomes and learning deficiencies across 14 countries in three continents. ASER 2021 is based on a survey conducted by the education foundation in 25 states and Union territories.
SOURCE: Hindustan Times