Oct 13, 2021 | Business
The National Institute of Advanced Industrial Science and Technology (AIST), Toyota Motor Corporation (Toyota), and Toyota Central R&D Labs., Inc. (Toyota CRDL) announced today that they have commenced discussions on joint research aimed at accelerating development and implementing advanced technologies in the field of energy and the environment.
The three parties each possess a strong desire to contribute to the realization of carbon neutrality; With a focus on energy, which plays an important role in reducing volumes of CO2 emissions, they will seek to ensure that society has access to energy that is environmentally friendly and that can be used perpetually with peace of mind.
Carbon neutrality means achieving net-zero CO2 emissions for the entire life cycle of a product in a recycling-based society―from its production, transportation, and use―followed by ensuring that it is recycled. Critical questions to achieving carbon neutrality include: what type of energy is being used, who is using it, where is it being used, how much is being used, and in what manner is it being used?
Since energy conditions differ according to country and region, it follows that net-zero CO2 emissions can be achieved in different ways. Rather than limiting options to one form of energy or a single technology, the three parties will research ways to expand choice in the energy forms and technologies available, which cater better to individual lifestyles and different corporate activities.
More specifically, AIST, Toyota, and Toyota CRDL, will discuss joint research on the following four topics:
Establishing energy scenarios for achieving carbon neutrality
Using energy models developed by AIST, the three parties will analyze the impact on energy use systems occasioned by future trends in energy-related technologies, energy environment policies, and other societal changes. Considering various aspects such as predicted clean energy consumption, implementation of new technologies, impact on the environment, and costs, they will develop energy scenarios to achieve carbon neutrality.
Establishing energy urban networks that realize both carbon neutrality and economic rationality
The three parties will propose a carbon neutral and cost-minimizing optimal urban energy structure that utilize renewable energies, and will also propose high-quality yet affordable energy infrastructure that makes use of electrification technologies developed for automobiles.
Developing high-efficiency in-vehicle solar power generation systems
The three parties will seek to popularize vehicles equipped with solar power generation systems, which convert light energy into electrical energy. To this end, they will pursue improvements in conversion efficiency and reductions in cost for both solar batteries and solar power generation systems.
Developing elemental technologies for the production, transportation, and use of hydrogen
The three parties will develop elemental technologies capable of resolving various issues related to the realization of a hydrogen society: technologies to produce hydrogen, technologies to transport hydrogen safely and at low costs (hydrogen carriers), and technologies to use hydrogen as energy.
AIST is one of the largest national research institutions in Japan. At its Fukushima Renewable Energy Institute and Global Zero Emission Research Center, it carries out advanced research aimed at the realization of carbon neutrality, including research into solar power and other forms of renewable energy, and into the production and use of hydrogen.
Toyota and Toyota CRDL wish to see advanced technologies aimed at carbon neutrality implemented across society at the earliest opportunity. They believe that collaboration between industrial, public, and academic sectors is crucial, and for this reason they are exploring joint research with AIST.
Going forward, AIST, Toyota, and Toyota CRDL, intend to work closely together to explore, from a variety of different perspectives, the possibility of various technologies capable of contributing to the realization of carbon neutrality by 2050. At the same time, they will openly consider collaborating with other like-minded partners, and seek to ensure that the results of their joint research come to be implemented, widely adopted, and established in society.
Topic: Press release summary
Sep 18, 2021 | Business
The Central Government in exercise of the powers conferred by sub-section(1F) of section 197A of the Income-tax Act, 1961(“the Act”) notified that no deduction of tax shall be made on the following payment under section 194A of the Act, namely payment in the nature of interest, other than interest on securities, made by a Scheduled Bank (hereinafter the ‘payer’) located in a specified area to a member of Scheduled Tribe (hereinafter the ‘receiver’) residing in any specified area as referred to in s.10(26) of the Act, subject to the following conditions:
- the payer satisfies itself that the receiver is a member of Scheduled Tribe residing in any specified area, and the payment as referred above is accruing or arising to the receiver as referred to in section 10(26) of the Act, during the previous year relevant for the assessment year in which the payment is made, by obtaining necessary documentary evidences in support of the same;
- the payer reports the above payment in the statements of deduction of tax as referred to in sub-section (3) of section 200 of the Act;
- the payment made or aggregate of payments made during the previous year does not exceed twenty lakh rupees.
For the purposes of the said notification, ‘Scheduled Bank’ means a bank included in the Second Schedule of the Reserve Bank of India Act,1934.
Notification no. 110/2021 dated 17th September, 2021 has been issued. It is available on www.incometaxindia.gov.in and also on www.egazette.nic.in .
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