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Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC's undertakings which would allow for the refund of taxes, sources said. Meeting the requirements of the new legislation that scraps levy of retrospective taxation, the company had earlier this month given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government has now accepted this and issued Cairn a so-called Form-II, committing to refund the tax collected to enforce the retrospective tax demand, two sources with direct knowledge of the development said.
UK-based Cairn Energy PLC on Wednesday said it has agreed to drop litigations to seize Indian properties in countries ranging from France to the UK as it has accepted the Indian government's offer to settle tax dispute relating to the levy of taxes retrospectively. Meeting the requirements of new legislation that scraps levy of retrospective taxation, the company has given required undertakings indemnifying the Indian government against future claims as well as agreeing to drop any legal proceedings anywhere in the world. The government now has to accept this and issue Cairn a so-called Form-II, that will commit it to refund the tax collected to enforce the retrospective tax demand.
'Our fight is against his political masters, the BJP and Devendra Fadnavis.'
Infused with new energy under Rohit, India looked a completely overhauled unit after being whitewashed in South Africa and the team would certainly want to continue from where it left of on Sunday night.
The IMD has also issued a red-coded warning alert to the Odisha and West Bengal coasts.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Nehru's faith in science and technology, his genuine respect for Bhabha, and their burning ambition worked synergistically to place India on the nuclear map of the world. Atomic energy developed and prospered because of Nehru's vision fulfilled by Bhabha's mission, recalls K S Parthasarathy, former secretary of the Atomic Energy Regulatory Board, on the occasion of India's first prime minister's 119th birthday today.
Initially it will procure only e-rickshaws and e-autos for leasing to operators
A round-up of the action in the English Premier League on Monday.
Union Power Minister R K Singh says the Mumbai power outage of October 2020 was caused by 'human error'.
Karim Benzema scored twice in the final few minutes to give Real Madrid a 3-1 win at Espanyol, while Barcelona breezed past Real Valladolid with a comfortable 4-0 LaLiga victory.
The 1.47-minute video also has a few glimpses of the prime minister's daily walk from his home to his office within the Lok Kalyan Marg residence.
On Saturday, Amarinder Singh had accepted Sidhu's "one-line" resignation and forwarded it to Punjab Governor V P Singh Badnore who conveyed his acceptance of the same.
The final and last approval for the Adani group's long-delayed billion dollar mega coal mine project came weeks after a surprise election win of Australia's pro-coal ruling coalition led by Prime Minister Scott Morrison.
The idea is to do away with the need for the approval of the Core Group of Secretaries on Divestment for privatisation of companies, especially in non-strategic sectors.
Tamil Nadu has cornered around 18.63 per cent of the fresh investments in Q1FY21 and topped the list of state-wise investments. These investments should help create over 67,212 jobs.
The 2+2 was attended by Secretary of State Antony Blinken and Secretary of Defence Lloyd Austin and their Indian counterparts S Jaishankar and Rajnath Singh respectively.
Babu R was trapped in a mountain gorge without food or water for two days till the Indian Army rescued him in a daring mission.
Reconstruction efforts after the Russia-Ukraine war will be dominated by the heft of the membership of major nations across international organisations. India is hamstrung because it does not play host to any major global institution nor does it hold positions of significant influence in the ones in which it has membership. As a result, the world's sixth largest economy is obliged to follow the rules set by most of them.
'The US will not want to tangle with China landwards.' 'Nor will the US confront the Chinese navy seawards on India's account.'
The visit will focus on strengthening cooperation between the US and Pakistan to bring peace, stability, and economic prosperity to a region that has seen far too much conflict, it said.
Khemka who held the charge of principal secretary, social justice and empowerment department, was transferred and posted as principal secretary, sports and youth affairs.
The US state department, which issued the revised travel advisory, on Wednesday said that the exemptions have been given under the national interest category.
President Trump, in a move that could have implications on India's energy security, on Monday decided not to grant sanctions exemptions to any oil customers of Iran, further squeezing Tehran's top export commodity.
The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.
Bibhu Prasad Routray explains why the US is supporting Japan's resolve to release 'treated' radioactive waste water into the Pacific Ocean. And what role China plays in the US decision.
'Unfortunately, our political class is not interested in making this society equal. They just want to exploit the situation for their own benefit.'
India displayed its military might and vibrant cultural heritage on Rajpath on Wednesday with the grandest flypast with 75 aircraft to mark the 'Azadi ka Amrut Mahotsav' celebrations being the highlight of the 73rd Republic Day Parade, which was drastically scaled down in view of the Covid pandemic.
India has challenged in a Singapore court a verdict of an international arbitration tribunal that overturned its demand for Rs 22,100 crore in back taxes from Vodafone Group Plc, sources said on Thursday. An international arbitration court had on September 25 rejected tax authorities' demand for Rs 22,100 crore in back taxes and penalties relating to the British telecom giant's 2007 acquisition of an Indian operator. Two sources privy to the development said India had 90 days to file an appeal against the tribunal award, and the same was done in a Singapore court earlier this week.
'It can be my last Olympic Games so, for me, it's about what more I can achieve as an athlete, what I can get from this Olympics? That can only be a medal. That's a dream and that is helping me to sacrifice everything.'
The State Department said as India's number one overseas market, the US purchases close to one-fifth of its exports. India is also the fastest growing major market for American goods.
A total of 16 secretaries have been appointed to various central government departments.
The Central Information Commission on Tuesday directed the Atomic Energy Department to make public the cabinet note relating to proposals for new bills on web sites within seven days of tabling in the Parliament.
Sidhu, who had been at loggerheads with Chief Minister Amarinder Singh, had stayed away from all Congress activities ever since he resigned as cabinet minister last year.
United States Secretary of State John Kerry will arrive in New Delhi on July 30 on a three-day visit during which he will hold talks with Indian leaders on a range of key bilateral, regional and global issues of mutual interest besides co-chairing the fifth India-US Strategic Dialogue.
Yamini has superpowers that help her intercept souls headed to heaven or the afterworld or for reincarnation and spirits them away, on another course, to those in need.
Kei Nishikori was run ragged by Novak Djokovic in their US Open semi-final on Friday and conceded he had been overwhelmed by the Serb's aggression and energy.
Senior Bharatiya Janata Party leader Devendra Fadnavis on Sunday said Nationalist Congress Party chief Sharad Pawar was trying to save the Maha Vikas Aghadi (MVA) government in view of allegations of corruption levelled by former Mumbai police commissioner Param Bir Singh against state Home Minister Anil Deshmukh.
About 35 per cent rural households in states like Uttar Pradesh, Madhya Pradesh, Bihar, Odisha and Assam still lacked access to power supply
