tlgsconsulting

Author name: tlgsconsulting

Empowering Tomorrow: India’s Visionary Leap into a Green Energy Future

Introduction In the pulsating heart of South Asia, India stands at the crossroads of an unprecedented transformation – a monumental journey toward a sustainable and eco-friendly energy future. Faced with the dual challenge of fostering robust economic growth and mitigating the environmental repercussions of rapid development, India has charted an ambitious course in energy transition. …

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Relieving The Burden: Government’s IGST exemption for Cancer Drugs signals a milestone in affordability.

Introduction In a commendable move to enhance accessibility to vital medical treatments, the Goods and Services Tax (GST) Council, in its 50th meeting, announced significant exemptions on Integrated Goods and Services Tax (IGST) for specific medical imports. The decision, spearheaded by Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman, aims to support institutions providing …

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Green Credit Rules, 2023: Transformative Framework for Environmental Conservation and Sustainability

Introduction Growth, a word which indicates the idea of upliftment, with reference to an individual it could be determined as monetarily success, better health, good education etc., But when we talk about nation’s growth then it is not just about an individual’s concern, it is a matter of each and every person living in the …

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Kirit Parikh Committee recommendations on oil sector

Indian Government in June 2013 formed a committee under the Chairmanship of Dr. Kirit S. Parikh, Former Member of The Planning Commission, to look into the current pricing methodology of petroleum products like High speed diesel, PDS Kerosene and Domestic LPG and suggest a pricing mechanism benchmarked to export parity pricing as well as to …

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Ministry of Heavy Industries Upholds Technology-Agnostic Approach for Advanced Chemistry Cell (ACC) Allocation

In a recent memorandum issued by the Ministry of Heavy Industries (MHI), a pivotal decision regarding the allocation of Advanced Chemistry Cell (ACC) capacity has been addressed. The memorandum responds to a proposal from the Ministry of New & Renewable Energy (MNRE) to designate 10 GWh of the 20 GWh ACC capacity for Grid Scale …

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Nationally Determined Contributions (NDCs)

Nationally Determined Contributions (NDCs) are integral to the global initiative against climate change, forming a cornerstone of the Paris Agreement established in 2015. This landmark accord aims to curtail global warming to under 2 degrees Celsius above pre-industrial levels. This article seeks to elucidate the concept of NDCs, elucidating their significance and operational mechanisms within …

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Navigating the Turbulence in the Aviation Sector following MCA’s Moratorium Notification

Written by V. P Agarwal, Yogita Gupta and Meghana S S In a significant move, the Ministry of Corporate Affairs (MCA) on 3rd October 2023 issued a notification [S.O.4321(E)] under Section 14(3)(a), exempting all transactions, arrangements and agreements of aircraft, aircraft engines, airframes and helicopters from moratorium under Insolvency and Bankruptcy Code of 2016. This …

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GST to Apply to Rent with Electricity Charges by Real Estate, Malls, and Airport Operators: CBIC

01 November 2023 | Taxation The CBIC has made a significant announcement regarding the inclusion of electricity charges in the Goods and Services Tax (GST) when bundled with rent or maintenance fees by real estate companies, malls, and airport operators. This marks a notable change, as electricity was previously not subject to GST. The CBIC …

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India-Australia Relations Maturing: Focus on CECA Negotiations

01 November 2023 | International Relations Australia’s Opposition Leader, Peter Dutton, has underscored the mature relationship between India and Australia, highlighting the need for a considerate approach to sensitivities, particularly in the dairy and certain agricultural sectors, within the framework of the Comprehensive Economic Cooperation Agreement (CECA). Dutton has emphasized the importance of prioritizing critical …

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New Food Safety Bill on the Horizon with Amendments to FSS Act 2006

31 October 2023 | Trade and Business The Indian government is in the process of introducing a new Food Safety Bill to amend the existing Food Safety and Standards Act of 2006. The Health Ministry is actively finalizing these amendments, with plans to present the bill in the upcoming Parliament session. The main goal of …

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