Finance Minister Nirmala Sitharaman on Thursday reiterated that an international arbitration ruling on India's sovereign right to taxation sets the wrong precedent, but said the government is looking at how best it can sort out the issue arising out of New Delhi being ordered to return $1.2 billion plus interest and cost to UK's Cairn Energy Plc. The government, which participated in an international arbitration brought by the Scottish firm against being taxed retrospectively, has appealed against The Hague based tribunal's ruling asking the government to return the value of shares expropriated and liquidated, tax refunds withheld and dividend seized to recover a wrongly levied retroactive tax demand.
Cairn has already taken steps to have the arbitration award recognised in nine major jurisdictions such as the US, UK, France, the Netherlands, Singapore and Canada's Quebec province, where Indian sovereign assets have been identified. It hasn't said what it might go after but assets could include Air India's planes, vessels belonging to the Shipping Corporation of India and property owned by state banks.
Experts believe that under-reporting is likely to cause an underestimation of the spread of the disease.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Film folk have been brushing up on their dancing skills at home, and posting videos to show their progress.
Rediff.com looks at the five best goals from the concluding round in the league stage.
Barcelona pulled off a stirring comeback to overturn a two-goal deficit and reach the Copa del Rey final, beating Sevilla 3-0 after extra-time in Wednesday's semi-final second leg, to go through 3-2 on aggregate.
The new 1.2 L turbocharged petrol BS6 engine, which is borrowed from the Tata Nexon, takes the petrol version of the Altroz from a mere 86PS of power to a much needed 110PS of power, finds Rajesh Karkera.
Courts in five countries including the US and the UK have given recognition to an arbitration award that asked India to return $1.4 billion to Cairn Energy plc - a step that now opens the possibility of the British firm seizing Indian assets in those countries if New Delhi does not pay, sources said. Cairn Energy had moved courts in nine countries to enforce its $1.4 billion arbitral award against India, which the company won after a dispute with the country's revenue authority over a retroactively applied capital gains tax. Of these, the December 21 award from a three-member tribunal at the Permanent Court of Arbitration in the Netherlands has been recognised and confirmed by courts in the US, the UK, Netherlands, Canada and France, three people with knowledge of the matter said.
The second Test pitch led to some sort of criticism from former players like Michael Vaughan and Mark Waugh and the duo termed the pitch as "substandard".
Para-athlete Anandan Gunasekaran clinched his third gold and javelin thrower Shivpal Singh added another for the country as India continued their fine showing at the ongoing 7th CISM World Military Games, in Wuhan, China, on Thursday.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bollywood stars Tabu, Taapsee Pannu, Anushka Sharma and Sonakshi Sinha are among the top 10 personalities generating the riskiest search results online in India owing to the malicious sites and viruses linked to their names, according to a list released by a cybersecurity company on Tuesday.
For those who've always wanted to drive a BMW in India, the 2 Series is easily the most fun to drive everyday car that money can buy.
'The first two Tests have been tough cricket, it's 1-1 and that probably shows how close the series has been'
Battered by the Covid-19 pandemic, the maker of the Fortuner and Innova models is staring at a steep loss in the ongoing financial year.
US auto major Ford Motor Co on Friday said it and India's Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the December 31, 2020 'longstop' or expiration date of a definitive agreement the organisations entered into in October 2019, Ford Motor Company said in a statement.
Resist the temptation to react to every move of the market and remain disciplined with your investments till you reach your financial goal.
NorthEast United FC and Jamshedpur FC played out a thrilling 3-3 draw in the Indian Super League, at the Indira Gandhi Athletic Stadium, in Guwahati, on Monday.
'If the BJP thinks it is going to overnight transform Bengal into Madhya Pradesh, sorry, that's not going to happen because I have faith in our ethos and culture.'
Facing the twin task of fighting the coronavirus pandemic today and building a better tomorrow, the world is experiencing a new Bretton Woods moment, IMF managing director Kristalina Georgieva said
Australia made a good start before a dramatic collapse saw them slip from 144 for two in the run chase to be 207 all-out.
'Political parties are following the Divide and Rule policy to break the unity of farmers.'
Seven things already different about our everyday life in 2020.
According to the WHO, countries should join the COVID-19 Vaccine Global Access Facility (COVAX Facility) by September 18 but not later than October 9 with upfront payments.
Tell yourself that nothing is worth losing sleep over and every opportunity leads to growth and learning.
Udana had suffered a back injury during a warm-up session just before Sri Lanka went out to bowl in the 2nd T20I in Indore on Tuesday.
Barcelona's fourth defeat of the season left them seventh in the standings on 14 points after 10 games, 12 points behind leaders Atletico.
Aseem Chhabra watched some great films and some huge disappointments in 2020.
Master tailors, textile manufacturers and custom clothiers, however, say the upcoming festive season, reinvention in the form of new collections and digital outreach are salvaging the situation somewhat.
On Kareena Kapoor's 40th birthday on September 21, Sukanya Verma handpicks 25 of her most stunning frames from various movies to highlight how she draws our attention in big and small ways.
Summary of sports events and persons who made news on Tuesday
Additional Sessions Judge Saurabh Kulshreshtha sentenced Thakur to life imprisonment for remainder of his natural life.
Besides regular buyers, there is lot of interest among those in essential services, such as health, banking, and IT. The sales will be helped by social distancing becoming the new normal in both urban and rural regions as people will be averse to using public transport.
The wave of deaths, one-third of which has come from the world's financial capital of New York and neighbouring New Jersey and Connecticut, has had a devastating impact on American economy which has now gone into recession with an unprecedented over 35 million losing their jobs in the last three months.
All the results from the I-League and ISL matches played on Saturday
Captain Sunil Chhetri scored a brace as Bengaluru FC continued their supremacy over FC Goa with a 2-1 win in an engrossing Indian Super League encounter, in Bengaluru, on Friday. The result sees Bengaluru rise to the second spot with 19 points from 11 games, just two shy of FC Goa, who continue to top the table.
The government's Rs 20.97 lakh crore COVID-19 package lacks in addressing the immediate concerns of the economy as the actual fiscal impact of the additional stimulus is only about 1 per cent of the GDP as opposed to the claim of 10 per cent, Fitch Solutions said on Tuesday. Prime Minister Narendra Modi on May 12 announced a stimulus package of Rs 20 lakh crore, or nearly 10 per cent of GDP, to deal with the economic fallout of COVID-19. The contents of the package were broad-based and announced in five tranches.
India had seven points from four matches, ahead of hosts Australia on goal difference, with New Zealand finishing third with only three points from their four matches.
Summary of sports events and persons who made news on Wednesday
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