Ponzi schemes have characteristics that the informed investor can spot easily.
"There is an urgent need to reduce or eliminate withholding taxes on interest on debt; equal and fair treatment for foreign investors similar to domestic companies; and a mandatory binding arbitration provision which will apply in cases where the competent authorities have not resolved certain issues within an agreed period," Prof Vern Krishna, an eminent tax expert, has revealed in his book Canada India Tax Treaty.
In a relief to Indian companies, the Income-Tax Department has decided to suspend collection of taxes if the Mutual Agreement Procedure is invoked by a US-based entity under the Indo-US Double Taxation Avoidance Convention. To avoid hardship to taxpayers, the competent authorities of India and the US had entered into a memorandum of understanding regarding suspension of collection during the pendency of MAP in 2003.
"This is nothing but mockery of the whole judicial process," Gujarat Governor Kamla Beniwal said in stinging remarks against the Narendra Modi government as she returned the new Lokayukta Bill for reconsideration by the legislative assembly.
India on Monday assured top CEOs of simplifying investment procedures, even as it portrayed infrastructure hiccups like bad roads and ports as an opportunity for wealth creation.
Inter-governmental body FATF has come out with elaborate suggestions on ways to prevent misuse of corporate vehicles and on having a risk-based approach for the banking sector to help curb money laundering and terror funding activities.
Vinesh, a world championship medallist and Olympian, also claimed that several coaches at the national camp in Lucknow have also exploited women wrestlers, adding that there are a few women at the camp who approach wresters at the behest of the WFI President.
Lukaku was subjected to abuse during the first leg at Juventus "before, during, and after the penalty" he scored to earn Inter a 1-1 draw, the player's representatives said.
The CBI said it had requested the competent authority to accord sanction for prosecution of Mayawati, Siddique, and state's former environment secretary R K Sharma and another officer R Prasad.
Tharoor argued that the proposed bill represents a "grave chapter in the history of the Indian republic, seeking to ratify an ordinance that in many ways is an assault on our democratic heritage and the spirit of federalism."
The top court, which on Thursday referred to a constitution bench the Delhi government's plea challenging the ordinance, framed two legal questions in its 10-page order to be dealt by a larger bench on the ordinance which set off a fresh tussle between the two power centres.
The re-appointment of the vice-chancellor of Calcutta University, which was also challenged in the PIL, has already been set aside by the high court and upheld by the Supreme Court.
The Supreme Court on Monday sought responses from farmers and their associations, and the Centre to a plea by the Andhra Pradesh government challenging the high court decision which said the state legislature "lacked competence" to make any law for shifting, bifurcating or trifurcating the capital.
Defining hate speech is complex but the real problem in tackling them lies in the implementation and execution of law and judicial pronouncements, the Supreme Court said on Friday, days after parts of Haryana were rattled by communal violence.
Wrestlers sound alarm over training disruption, urge SAI to reopen centres
Denis Oswald, the International Olympic Committee's permanent chair of the disciplinary commission, said Valieva claimed there was a mix-up at a Court of Arbitration for Sport (CAS) hearing into whether she should be allowed to continue competing.
Besides the 27 asymptomatic patients, 10 new confirmed COVID-19 cases, including six from Chinese returning from abroad, were reported in the country on Wednesday.
Agniveers once enrolled into the Indian Air Force, will be governed under the Air Force Act 1950, for a period of four years.
With the Delhi University still on a defiant path, the University Grants Commission on Wednesday night gave a fresh ultimatum to it to begin the admission process for the undergraduate classes dumping the controversial four-year course.
The news of Bengaluru-based IMA cheating thousands once again underlines the need for investors to steer clear of unregulated deposit schemes. The most important sign of a Ponzi scheme is the promise of exorbitant returns and so investors must ask how the promoter expects to earn the kind of return he is promising, says Sanjay Kumar Singh.
"We have a clear position. I will see how this develops and we will discuss it with the other nations from Europe. We expect to be allowed to wear the (One Love) armband," he said.
In switching over, Nitish has sent out a message that if he could not now become the NDA's PM, then he would need to stay on as CM at the very least, which a third term for Modi would not let him have, N Sathiya Moorthy points out.
The Centre on Friday brought an ordinance to create for the first time a National Capital Civil Service Authority (NCCSA) that will have the power to recommend the transfer and posting of all Group A officers and officers of DANICS serving in Delhi. NCCSA will be headed by the Chief Minister of Delhi, with the Chief Secretary and Principal Home Secretary of Delhi being the other two members.
The Delhi high court on Monday refused to stay the Centre's order dismissing Satish Chandra Verma, a senior IPS officer who had assisted the CBI in its probe in the Ishrat Jahan fake encounter case, a month before his scheduled retirement.
Despite its admirable competence and proven track record, the RBI doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year, points out T C A Srinivasa Raghavan.
A group of current and former Iranian sportspeople say they have no choice but to turn on their own country, citing what they called state-sponsored violence and discrimination against ordinary Iranians, especially women.
Tightening the procedure for official foreign visits by bureaucrats, the Centre has said that proposals for trips abroad should go through the Prime Minister Office and screening committee of secretaries for approval.
Citing overlapping of functions, a parliamentary committee on Monday recommended integrating Central Vigilance Commission and anti-corruption wing of the Central Bureau of Investigation to work directly under the command and control of Lokpal to deal with corruption cases.
Several women wrestlers wrote to Prime Minister Narendra Modi, the IOA and the ad-hoc panel running the WFI, requesting "fair trials" for Asian Games.
Shares of telecom services providers - Reliance Industries (parent of Reliance Jio), Bharti Airtel, and Vodafone Idea - have shed up to 23 per cent so far in the current calendar year as growth in the wireless subscriber segment begins to plateau amid higher tariffs and rising costs of smartphones. By comparison, the benchmark S&P BSE Sensex, and sectoral index BSE Telecom have dipped 1.8 per cent, and 12.6 per cent, respectively, ACE Equity data shows. However, analysts expect the trend to reverse soon as telecom services providers focus on the next leg of growth -- fixed broadband (FBB) segment.
We must stop stigmatising business failures. Particularly when startups are mushrooming all around, the financial system, backed by the RBI and the government, can explore ways of extending support to restart the journey of a failed entrepreneur by finance as well as counselling, recommends Tamal Bandyopadhyay.
The consequences will be stern in case SC/ST and minors are converted.
The United Kingdom government on Tuesday said that though the air traffic control 'technical issue' that led to the severe disruption of hundreds of flights and left thousands of passengers stranded has been resolved, routes will continue to be affected for some days as airlines scramble to recover from the domino effect on their schedules.
Valieva failed the test collected at the Russian national championships on Dec. 25
Chief Justice of India Uday Umesh Lalit Tuesday recused himself from hearing an appeal of the Andhra Pradesh government against the high court verdict that held the state legislature "lacked competence" to make any legislation for shifting, bifurcating or trifurcating the capital.
However, the court has struck down certain provisions of MCOCA
India's economic image is not affected due to Adani Group's recent decision to pull out Rs 20,000 crore FPO (follow-on public offers) amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday.
Daya Nayak is facing allegations of colluding with the underworld.
Additional sessions judge Anil Antil dismissed the application of Bhupinder Tomar, president of the 'Hindu Raksha Dal', and said that in the past such incidents have flared communal tensions leading to riots and loss to life and property. Tomar was accused of raising communal slogans and inciting youth to propagate against a particular religion at a rally at Jantar Mantar on August 8. "We are not Taliban State. Rule of law is the sacrosanct governing principle in our plural and multi-cultural society. While the whole of India is celebrating 'Azadi ka Amrut Mahotsav', there are some minds still chained with Intolerant and self centric beliefs," the judge said in the order passed on August 21.
