International Monetary Fund
(IMF), Fiscal Affairs Department, gave a presentation to the 15th Finance
Commission on “resource mobilization over the next five years”
The discussions were centered
around options for improving the tax resources of the general government,
with special focus on improving the revenue realization from the GST
Current collections are
significantly below an estimated revenue frontier for the country, arrived
at using robust panel data analysis of comparator countries rationalization of the rate structure as well as improvements in
compliance and collection efficiency of GST and other taxes can move India
much closer to the frontier
HURL is Joint Venture Company
promoted by the three Maharatna Companies i.e. Coal India Limited (CIL),
NTPC Limited (NTPC) and Indian Oil Corporation Limited (IOCL) as the lead
promoters with FCIL and HFCL as other two partners.
With the objective of making
the country self-reliant in Urea, the Governmentapproved in 2016 the
revival of three sick Urea plants located at Gorakhpur, Sindri and Barauni
Directorate General of Trade
Remedies (DGTR) initiated 34 anti-dumping (AD) investigations (both fresh
and review), 4 countervailing duty investigations, and 6 safeguard
investigations during the period from 01.04.2019 to 31.12.2019.
Anti-circumvention provision
was introduced in Customs Tariff Act, 1975 for Counter-vailing Duty (CVD)
investigations
DGTR has initiated outreach
programmes to sensitize stakeholders about the available trade remedy
measures.
Earlier, the Directorate
General of Anti-dumping and Allied Duties (DGAD) dealt with anti-dumping
and CVD cases, Directorate General of Safeguards (DGS) dealt with
safeguard measures and DGFT dealt with quantitative restriction (QR)
safeguards.
Directorate General of Trade
Remedies (DGTR)
The DGTR brings DGAD, DGS and
Safeguards (QR) functions of DGFT into its fold by merging them into one
single national entity. DGTR now deals with Anti-dumping, CVD and
Safeguard measures
DGTR functions as an attached
office of Department of Commerce, Ministry of Commerce and Industry. It is
a professionally integrated organisation with multi-spectrum skill sets
emanating from officers drawn from different services and specialisations.
National Informatics Centre
(NIC) has set up the Centre of Excellence (CoE) in Blockchain Technology
in Bengaluru, Karnataka
Blockchain technology is
upcoming & niche technology and adoption of the same in sectors such
as health, finance, agriculture and various other sectors would aid the
government in implementing various programmes
The Centre of Excellence(CoE)
has developed Blockchain based Proof of Concepts (PoCs) for select
government use cases to understand potential benefits provided by this
emerging technology
Centre of Excellence will
facilitate the Government Departments in building proof of concepts for
use of Blockchain technology in different dimensions of governance leading
to large scale deployment of some such applications.
The project includes
construction, operation and maintenance of the tunnel with approaches on
NH-1 at Srinagar-Sonmarg-Gumri Road from 61 km to 89.30 km on Design,
Build, Finance, Operate and Transfer (DBFOT) Annuity basis.
