News for 'Department of Energy'

What Is Zelenskyy Doing In School?

What Is Zelenskyy Doing In School?

Rediff.com3 Sep 2022

Ukraine's President Volodymyr Zelenskyy attends a ceremony to mark the start of the school year in Irpin.

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

India-Germany ties a model of success, says Modi, as 2 nations sign $10.5 bn green deal

Rediff.com2 May 2022

Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use of clean energy.

India led G20 very well to date, but...: US

India led G20 very well to date, but...: US

Rediff.com3 Mar 2023

India as the G20 host has a 'unique role' to play in bringing about an end to the war in Ukraine due to its 'longstanding historical' ties to Russia, the United States has said, expressing hope to work closely with New Delhi to find a way to stop the conflict.

In-principle nod for 6 nuclear power reactors at Jaitapur

In-principle nod for 6 nuclear power reactors at Jaitapur

Rediff.com16 Dec 2021

In-principle approval has been accorded to a site in Maharashtra's Jaitapur for setting up six nuclear power reactors of 1,650 MW each in technical cooperation with France, the government said on Thursday.

Several parliamentary standing committees reconstituted

Several parliamentary standing committees reconstituted

Rediff.com9 Oct 2021

Shashi Tharoor has also been retained as the chairman of the panel on Information Technology.

Indian-Americans taking over US, says Biden

Indian-Americans taking over US, says Biden

Rediff.com5 Mar 2021

Indian-Americans are taking over the country, United States President Joe Biden said on Thursday, referring to the high number of people from the community getting a place in his administration.

US is there for India, we are ready and able: Biden admn

US is there for India, we are ready and able: Biden admn

Rediff.com17 Jun 2022

Price said India's relationship with Russia developed over several decades.

FM announces Rs 900 cr for COVID-19 vaccine research

FM announces Rs 900 cr for COVID-19 vaccine research

Rediff.com12 Nov 2020

She said the grant does not cover the actual cost of vaccine and distribution expenses, which will be made separately as and when the vaccine is available.

Joshimath land subsidence mainly due to NTPC's hydel project: Experts

Joshimath land subsidence mainly due to NTPC's hydel project: Experts

Rediff.com8 Jan 2023

They said rampant infrastructure development without a plan is making the fragile Himalayan ecosystem even more vulnerable to the effects of climate change which acts as a force-multiplier.

WHO criticises China for withholding Covid origin data

WHO criticises China for withholding Covid origin data

Rediff.com18 Mar 2023

"We continue to call on China to be transparent in sharing data and to conduct the necessary investigations and share the results. Understanding how the pandemic began remains both a moral and scientific imperative," Ghebreyesus said.

Tamil Nadu inks deals with 35 firms; to see over Rs 17,000 cr investment

Tamil Nadu inks deals with 35 firms; to see over Rs 17,000 cr investment

Rediff.com22 Jul 2021

The government of Tamil Nadu on Tuesday signed a memorandum of understanding (MoUs) with 35 companies that may see investment to the tune of Rs 17,141 crore, creating employment opportunities for 55,054 people. The major companies that would be coming up with fresh investments over Rs 1,000 crore in the state include JSW Renew Energy Two, TCS, ZF Wabco and Srivaru Motors among others. JSW Renew Energy Two will be coming up with a 450 megawatt (Mw) wind power generation unit at Tuticorin, Tirunelveli, Dindigul and Tiruppur for Rs 3,000 crore. TCS will be coming up with its third phase of expansion at SIPCOT IT Park in Siruseri, ZF Wabco with an auto component unit at Kancheepuram for Rs 1,800 crore and a two-wheeler EV unit by Srivaru Motors for Rs 1,000 crore at Coimbatore.

Retro tax settlement with Cairn may hinge on Vedanta case

Retro tax settlement with Cairn may hinge on Vedanta case

Rediff.com20 Aug 2021

The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.

The biggest assets for their IPL teams are....

The biggest assets for their IPL teams are....

Rediff.com12 Apr 2022

'The more all-rounders are there, the better it is for any team in T20s'

India's deep discounts on Russian crude will stay

India's deep discounts on Russian crude will stay

Rediff.com6 Dec 2022

Even as the Group of Seven (G7) price cap on Russian crude oil enters into force as of December 5, India has been assured it will continue to receive the existing deep discounts on Russian oil, for the time being, informed officials. "We have been assured by our Russian partners of uninterrupted crude supplies at the existing rates for the time being. "There were a lot of reports of changes in (India's) buying patterns after the global price cap took hold.

What's keeping govt from appealing against Vodafone verdict?

What's keeping govt from appealing against Vodafone verdict?

Rediff.com23 Nov 2020

The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.

Soccer wrap: Bayern win Bundesliga with last-gasp goal

Soccer wrap: Bayern win Bundesliga with last-gasp goal

Rediff.com28 May 2023

A summary of the concluding day's action in the Bundesliga, Serie A, Ligue 1 and Saudi Pro League.

India pays Cairn Rs 7,900 cr to settle retro tax dispute

India pays Cairn Rs 7,900 cr to settle retro tax dispute

Rediff.com24 Feb 2022

The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.

Torrid summer, acute coal shortage trigger blackouts in many states

Torrid summer, acute coal shortage trigger blackouts in many states

Rediff.com28 Apr 2022

From Jammu and Kashmir to Andhra Pradesh, consumers are facing power cuts ranging from 2 hours to 8 hours.

Who Will Admit To Committing Fraud?

Who Will Admit To Committing Fraud?

Rediff.com27 Apr 2023

Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.

MP CM allocates portfolios, Scindia loyalists get key ministries

MP CM allocates portfolios, Scindia loyalists get key ministries

Rediff.com13 Jul 2020

The 28 new ministers who joined the Chouhan cabinet on July 2 include 20 of cabinet rank and eight ministers of state.

India asks US court to reject Cairn's $1.2 bn suit

India asks US court to reject Cairn's $1.2 bn suit

Rediff.com17 Aug 2021

The Indian government has asked a federal court in Washington to dismiss Britain's Cairn Energy suit seeking enforcement of a $1.2 billion arbitral award, saying it had sovereign immunity under US law. Cairn had in May asked a US federal court to force Air India to pay a $1.26 billion arbitration award the firm had won in December. The government on August 13 filed a 'Motion to Dismiss' petition in the US District Court for the District of Colombia, saying it lacked subject matter jurisdiction in the dispute between Cairn and the Indian tax authority, according to a filing seen by PTI.

IPL at the centre of Stoinis's transformation

IPL at the centre of Stoinis's transformation

Rediff.com26 Oct 2022

Australia missed the services of leg-spinner Adam Zampa against Sri Lanka, who is down with COVID.

IRCTC moves to monetise passenger data

IRCTC moves to monetise passenger data

Rediff.com26 Aug 2022

In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.

Egypt's strategic partnership for India, highest award for Modi

Egypt's strategic partnership for India, highest award for Modi

Rediff.com25 Jun 2023

El-Sisi welcomed Modi, who is on a two-day state visit to Egypt, at the Presidential Palace where the two leaders were closeted for one-on-one meeting after which the two sides signed a memorandum of understandng.

India in process of filing appeal against Cairn arbitration award

India in process of filing appeal against Cairn arbitration award

Rediff.com10 Mar 2021

India is in the process of filing an appeal against an arbitration panel asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident to address them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework. India is in the process of filing an appeal in the Cairn's arbitration award case, they said, adding in this case, it was well within India's sovereign powers to redress the situation of Double Non-Taxation and tax abuse. Cairn chief executive Simon Thomson had last month met the then finance secretary Ajay Bhushan Pandey to discuss the arbitration award.

TIFR 'clarifies' after no 'anti-govt' posts order to employees

TIFR 'clarifies' after no 'anti-govt' posts order to employees

Rediff.com16 Apr 2022

"Unfortunately, the wording of the notice was such that it has become subject to a great deal of misinterpretation," the TIFR said.

'Dada, you will be missed'

'Dada, you will be missed'

Rediff.com24 Mar 2023

'Life was a canvas and Pradeep Sarkar painted with full intensity -- be it an ad film or a feature film.'

Why Was TN's Finance Minister Removed?

Why Was TN's Finance Minister Removed?

Rediff.com11 May 2023

Palanivel Thiaga Rajan was on the hit-list, not because the chief minister was unhappy with his performance, but because there were constant complaints from other ministers that he was sitting on their files far too long, observes N Sathiya Moorthy.

The bizarre tale of Cairn retro tax

The bizarre tale of Cairn retro tax

Rediff.com6 Mar 2022

The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.

EPL PIX: Liverpool hold Chelsea; Villa win

EPL PIX: Liverpool hold Chelsea; Villa win

Rediff.com5 Apr 2023

Images from Tuesday's action in the Premier League

Game-changer Phillips makes most of twin reprieves

Game-changer Phillips makes most of twin reprieves

Rediff.com29 Oct 2022

'When it comes to cricket, I try to entertain as much as possible whether it's for good or for bad..., thankfully, it was on the good end of things.'

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Modi leaves for Tokyo to attend Abe Shinzo's state funeral

Rediff.com26 Sep 2022

Prime Minister Narendra Modi will join several global leaders to pay tributes to Japan's slain former prime minister Shinzo Abe at his state funeral in Tokyo on Tuesday.

Yediyurappa allocates portfolios to new ministers

Yediyurappa allocates portfolios to new ministers

Rediff.com21 Jan 2021

A week after expanding his cabinet, Karnataka Chief Minister B S Yediyurappa on Thursday allocated portfolios to the seven new inductees and also effected a reshuffle of the departments of some ministers.

Was govt's decision to sell Cairn shares flawed?

Was govt's decision to sell Cairn shares flawed?

Rediff.com8 Aug 2021

Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.

Premature to link extreme heat in India, Pak solely to climate change: WMO

Premature to link extreme heat in India, Pak solely to climate change: WMO

Rediff.com30 Apr 2022

The global body added that national meteorological and hydrological departments in both countries are working closely with health and disaster management agencies to roll out heat health action plans.

UK's PM-in-waiting Liz Truss remains committed to India ties

UK's PM-in-waiting Liz Truss remains committed to India ties

Rediff.com5 Sep 2022

Newly-elected Conservative Party leader and prime minister in waiting Liz Truss is among the senior British politicians known for championing deeper India-UK strategic and economic ties, describing them as a "sweet spot" of global trade dynamics.

Russia offers oil at even cheaper rates to India

Russia offers oil at even cheaper rates to India

Rediff.com12 Sep 2022

"In principle, the ask in return is that India should not support the G7 (Group of Seven) proposal. "A decision on this issue will be taken later following talks with all the partners," an official with the Ministry of External Affairs (MEA) said.These "substantial discounts" will be steeper than those offered by Iraq in the past two months, officials said.

Does Monsoon Impact Market Returns?

Does Monsoon Impact Market Returns?

Rediff.com6 May 2022

Many years during which monsoons were poor saw high returns, while normal or excess rainfall has also coincided with poor calendar year gains.

Delhi's anti-pollution curbs ineffective, 'little too late': Experts

Delhi's anti-pollution curbs ineffective, 'little too late': Experts

Rediff.com4 Nov 2022

'These measures should be in place throughout the year in order to bring down AQI levels to 100 or below'

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Divestment's Tough Climate Call: The hurdle in govt's fund-raising path

Rediff.com4 Jan 2022

There is money to buy the central public sector enterprises, but buyers will need a firm assurance that the disvestment programme will keep environment issues front and centre of their corporate plans.