Representatives of the British telecom company on Friday met senior finance ministry officials, in search of an amicable solution.
CBI not to need prior approval to probe corrupt govt officials.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Looking beyond the lesser penalty regime, in its 10th year of existence, the CCI needs more branches, according to experts
The Finance Ministry is of the opinion that Vodafone might drag its tax dispute to court.
'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
The bill would prohibit unaccounted money from being pumped into the sector and as now 70 per cent of the money has to be deposited in bank accounts through cheques.
Under the hybrid-till model, a portion of non-aeronautical revenue (commercial revenue) at the airport is taken into consideration while fixing the landing and parking charges, user fees and other aeronautical charges.
It further said that he cannot live merely on 'past glory' as the trust has been reposed in him for defending the country.
Reliance Infra-backed BSES discoms have sought Rs 450 crore "dues" from Delhi government and the Municipal Corporation of Delhi to overcome their immediate "financial difficulties" and avoid black outs in 70 per cent areas even as the AAP dispensation maintained it will not adopt a "lenient" approach in dealing with the firms.
The only objective of the government's ordinance was to protect it's loyal ally, says BJP's Arun Jaitley
The Supreme Court on Thursday transferred to the Central Bureau of Investigation the probe into multiple cases against former Mumbai police commissioner Param Bir Singh over allegations of misconduct and corruption.
A declining rupee, elevated crude oil prices and sustained foreign fund outflows added to the gloom
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
The United Progressive Alliance government's confidence about getting legislative business done in the monsoon session of Parliament, beginning August 5, might be misplaced.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
Senior India hockey player Gurbaj Singh was suspended for nine months on Monday for allegedly indulging in groupism and creating disharmony within the team.
With real estate valuations falling and other deals coming unstuck, the current management's improved target faces significant challenges.
Adulterated food can cause cancer, insomnia and other neurological problems, and adulteration is a growing concern across India
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
The new Insolvency and Bankruptcy Code has serious drawbacks, finds out Somasekhar Sundaresan.
DLFknowingly suppressed material facts: Sebi
Setting up of an Appellate Sports Tribunal and a Sports Election Commission and provisions to bar charge-sheeted persons from contesting elections are some of the salient features included in the Draft National Sports Development Bill 2013 which was presented to the government on Wednesday.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
More punitive action was needed against the company and the management, say experts
A bench of Chief Justice Ranjan Gogoi and Justice S K Kaul said the case will be heard on January 8.
The income tax (IT) department seems to have quietly thrown a spanner in the works on the Securities and Exchange board of India (Sebi)'s two-year-long efforts to implement the Supreme Court order against the two Sahara group firms Sahara India Real Estate Corporation (SIRECL) and Sahara Housing Invest Corporation (SHICL).
Now with the Prime Minister insisting on quick resolution of all pending grievances, it is highly likely that all backlogs of complaints will be resolved very soon.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
The tribunal posted the matter for further hearing in December, when it will decide whether to admit the pleas of the Raju brothers and others against Sebi order.
Laws in several states are inconsistent with the model Bill passed by Parliament.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
Broadcast tribunal Telecom Disputes Settlement and Appellate Tribunal asked Sun Tv on Tuesday to produce a copy of the stay order granted by Madras high court on its interim order directing it to share signals with direct-to-home operator TataSky.
Reliance Infocomm violated the licence conditions by evading levy through illegally routing international calls as local ones, the government on Monday told the telecom tribunal.
Changes in threshold not to have a significant revenue impact, say officials
Has the Modi government been more at odds with institutions than other governments? There is no doubt that there have been more run-ins. While the RBI and CBI cases have drawn attention, there have been others, less publicised, Subhomoy Bhattacharjee points out.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
The tribunal, which had concluded its hearings on two petitions from RIL on January 6 and reserved its order for an unspecified date, set February 24 for the next hearing.
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