Date : 2024-06-30 14:42:15

Property : realtime updates 1 supreme court allows interest on funds given to subsidiaries out of interest free funds case name cit vs reliance industries ltd supreme court of india 2 gst council has clarified the taxability of wreck and salvage values in motor insurance claims stating that general insurers have to pay gst liability in case of disposal or sale of the salvage after settling the claims salvage value refers to the value of damaged or destroyed property that can be recovered and sold after an insurance claim has been settled 3 directorate general of foreign ttrade has issued public notice no 12 / 202425 dgft on june 26 2024 this notice under the powers conferred by the foreign trade policy 2023 as amended expands the areas of operation for 19 preshipment inspection agencies listed in appendix 2 g of the foreign trade policys appendices and aayat niryat forms 4 union ministry of msme is amending the msme development act 2006 to improve mechanisms for managing disputes related to delayed payments and to better address the evolving needs of the msme sector additionally the msme ministry is in the process of transforming the samadhan portal 5 india has a potential for five times data centre capacity expansion to fuel digital transformation and the country requires an additional 1736 gw gigawatt data centre capacity over and above the planned development of 232 gw capacity taking the potential of possible data centre capacity to over 5 gw

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