Search Result for : Supreme Court

The Dollar Business Bureau Food Processing Minister Harsimrat Kaur Badal on Tuesday said that there is no decline in the exports of buffalo meat from legal slaughter houses in the country.  The latest crackdown of illegal abattoirs in Uttar Pradesh is in compliance with the order of Supreme Court to check environment pollution and to protect the health of people, the Minister added. India, the biggest exporter of buffalo meat, shipped $3.76 billion worth of meat in the financial year 2016-17, according to Ministry of Commerce data. In April, the exports of beef dropped by 10.35% to $257.06 million compared to $287 million in the same month last year, as per the data given in Agricultural & Processed Food Products Export Development Authority (APEDA) data. “As far as I know, the export (of ...

The Dollar Business Bureau The country’s apex court had delivered its judgement in the decade old litigation of Target Plus Scheme (TPS) for Export Promotion in the Civil Appeal No. 554/2006 titled DGFT v/s Kanak Exports & Ors., on 27th October 2015. Accordingly, the Government has approved implementation of TPS for 2005-06 as per the Judgment of the Supreme Court. The recent notification No.06/2015-2020 dated May 8, 2017 has been issued in this regard. The DGFT has instructed all its Regional Authorities to re-examine all the eligible claims/applications pending for TPS 2005-06 for issue of the balance claim/recovery of wrong claims as applicable after ensuring due diligence and ensuring genuineness of the exports. It has to be recollected that the Supreme Court in ...

PTI A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its President A M Vikrama Raja declaring drinks as 'toxic' for consumption. "About 70% of the (15 lakh) traders have decided to boycott the sales of Coke and Pepsi from today onwards for their toxic nature. Whatever you find on the shelves of the stores are leftover stocks and those not taken back by the (distributing) agencies," he said.Raja had earlier proposed a ban on the sale of these brands at the height of pro-jallikattu protests in the state in January, where it was widely claimed that many international groups may have been behind the ban on ...

The Dollar Business Bureau Since the lifting of the mining ban in the three iron-ore rich states of India, Odisha, Karnataka and Goa, India's iron ore production has increased. It is estimated that by 2021 it could touch 185 million tonnes (MT). According to a Fitch Group research company, India’s iron ore production quantity will touch 185 MT in 2021 from 136 MT this year. It should be recollected that mining in all the three states was at its peak between 2000 and 2012, a time when iron-ore powder from Goa was shipped to meet the steel needs of Beijing Olympics in 2008 and India’s iron ore exports to other countries too flourished. It was also during this period that environmental, land-lease and ...

Ranjeet Mahtani and Stella Joseph One of the noteworthy proposals made in the Union Budget of 2017 is the proposal to rationalize Section 10AA of the Income-tax Act, 1961 (“IT Act”), which contains special provisions in respect of newly established Units in Special Economic Zones (“SEZ”). The IT Act provides for the levy, collection and recovery of income tax in India. It is divided into various chapters governing separate aspects including exemptions, computation of total income, deductions, etc. Section 10AA of the IT Act is a provision contained in Chapter III of the IT Act which was inserted w.e.f. 10.02.2006 allowing for deduction of profits and gains derived from the export earned by an SEZ Unit. The Section specifically uses the word “deduction”. ...

Source: PTI Goa government has earned Rs.7 crore through e-auctioning of 55,000 tonnes of iron ore, a senior official said on Wednesday. “The seventh e-auctioning of ore was held this week. A total of 55,000 tonnes of iron ore were sold, bringing in revenue of Rs.7.07 crore,” Mines and Geology department Director Prasanna Acharya said. The Supreme Court, in its verdict that had lifted the stay on the iron ore extraction activity, has allowed the state government to e-auction the ore which was lying at various places including mining leases, jetties among others. Acharya said the Directorate of Mines and Geology has identified a total of 4.72 million tonnes of ore for e-auction in the eighth phase, which is expected to be ...

 The Dollar Business Bureau Thermal power plants in India generated 878 BU during the last year, registering 10.83 % growth as compared to the figure of 792 BU a year ago. The government has taken slew of measures to improve power generation capacity in the country, Piyush Goyal, Minister of State, Power, Coal & New and Renewable Energy said in a written reply to a question in the Rajya Sabha on Monday, reported PIB. Re-allocation of coal blocks cancelled by the Supreme Court through auction, supplying adequate natural gas to gas-based power plants and modernization of several units were part of the measures to improve the country’s capacity of electricity generation. A total of 70 thermal generation units with ...