ARJAVA MEDIA: CBDT campaign to resolve income and transaction mismatches The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to assist taxpayers in resolving mismatches between the income and transactions reported in the Annual Information Statement (AIS) and those disclosed in Income Tax Returns (ITRs) for the financial years, 2023-24 and 2021-22. This campaign also targets individuals with taxable income or significant high-value transactions reported in their AIS but have not filed ITRs for the respective years. The initiative is part of the implementation of the e-Verification Scheme, 2021. As part of this campaign, informational messages have been sent via SMS and email to taxpayers and non-filers where mismatches have been identified between tr...
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The government has employed Artificial Intelligence (AI) methods to address various challenges India's agricultural sector faces and support Indian farmers. ‘Kisan e-Mitra’ an AI-powered chatbot will assist farmers with queries about the PM Kisan Samman Nidhi scheme. This will support multiple languages and is evolving to assist with other government programs. Similarly, AI will support the National Pest Surveillance System in tackling the loss of produce due to climate change. This system will utilise AI and machine learning to detect crop issues, enabling timely intervention for healthier crops. The government will also ensure support of AI-based analytics using field photographs for crop health assessment and crop health monitoring using Satellite, weather and soil moisture datasets fo...
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The government will support small-scale manufacturers, who are meeting export compliances, meeting delivery schedules and support them with finance, legislation, certification, quality control programs and R&D to make them leaders in their respective sphere. The time has come to focus on the Micro Small and Medium Enterprises (MSMEs), says Smriti Zubin Irani, Union Minister of Textiles and WCD. “The Textiles Ministry will get in touch with small scale manufactures, who are meeting export compliance, meeting delivery schedules and support them with finance, legislation, certification, quality-control programs and R&D to make them leaders in their respective sphere,” said Smriti Zubin Irani, Union Textile Minister, while speaking at a symposium on Emerging Opportunities for I...
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Oil marketing companies have invested over 32,000 crores to upgrade their refinery processes to produce BS-VI grade fuel. Given the abundance of biomass in India, the use of compressed bio-gas will be promoted in a big way in automotive, industrial and commercial uses. India's energy sector will be noticeably different from its current avatar, to be driven by new technology and business models, says Dharmendra Pradhan, Minister of Petroleum & Natural Gas and Steel. “We are encouraging our oil and gas companies to develop extensive and qualitative engagement with Indian technology and research institutions of excellence,” he says. Seven Indian oil and gas PSUs joined with IIT Bombay last year to set up a Centre of Excellence in oil, gas and energy. According to him, the energy trans...
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On 19th February in a meeting for stakeholder consultation under the chairmanship of Piyush Goyal, Commerce and Industry Minister was held in Udyog Bhawan, New Delhi in which leading boiler manufactures, users, foundries, forges, pipes and tubes makers, third party inspecting authorities, central boiler board members and State government representatives participated. Department for Promotion of Industry and Internal Trade(DPIIT) in association with State Governments has taken a number of reforms related to manufacturing, erection and use of boilers. As apart of the reform, self-certification of boilers has been implemented in many States. Under the reform rules and regulations are set in place for third party inspection. This has resulted in a simplified and more accessible, user-frien...
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