The draft e-commerce rules released last year held e-commerce marketplace responsible if a seller on its platform failed to deliver the goods or services ordered by a consumer "due to negligent conduct, omission or commission of any act by such seller", causing loss to the consumer.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
The Goods and Services Tax (GST) Council, which is likely to meet in the third or fourth week of June, is set to clear the operational framework of the much-awaited GST appellate tribunal, which will deal with tax disputes and streamline resolution. "The final blueprint, mainly the operational part, is expected to be presented in the GST Council meeting for approval. "This will pave the way for the tribunal to be functional, both at the central and state levels," said a senior government official, who expects the tribunal to be up and running by November.
The bench directed that the mediation will be held at Faizabad in Uttar Pradesh and the process should start within a week from Friday.
Cairn files notice against India in $1.6 billion tax dispute.
The National Assembly Standing Committee on Foreign Affairs on Monday issued a four-page policy paper linked to Kashmir.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The government said it was willing to advance the upcoming Parliament session.
The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.
PCB Chairman, Najam Sethi is in the UK meeting with the British legal firm for advise. PCB's chief operating officer, Subhan Ahmad has also flown to London for the same purpose.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiate the insolvency resolution process against the airline. A two-member bench comprising President Justice Ramalingam Sudhakar and L N Gupta also appointed Abhliash Lal as interim resolution professional (IRP) to run the debt-ridden company. It has also put the company under protection of moratorium and directed the suspended board of directors to assist the IRP to run the company during insolvency proceedings.
Arguing before the entire EC, Mahesh Jethmalani, the counsel for the Shinde faction, also said the 'surreptitious and unconstitutional' change to the Shiv Sena's constitution by Uddhav Thackeray in 2018 and the ideological shift in the party, which aligned with the Congress and the Nationalist Congress Party to form the government in Maharashtra in 2019, led to a split in the outfit.
The government will find it difficult to pass the Bill without the Congress's help
The government on Friday tweaked IT rules to pave the way for setting up of grievance appellate panels, which will settle issues that users may have against the way social media platforms initially addressed their complaints regarding content and other matters.
'I strongly urge China to respect norms and use diplomacy and existing mechanisms to resolve its border questions with India'
The Karnataka-Maharashta border row escalated into violence after vehicles from both states were attacked and damaged in Belgaon and Pune.
States' demand for 5 years and Constitutional provision ruled out
The new scheme came into effect on Thursday. However, even after a scrutiny assessment, appeals will continue to be done through personal representation.
Justice Sanjeev Narula said it would be in the interest of both -- the two Shiv Sena factions and the general public -- that the Election Commission's proceedings on the use of Shiv Sena's bow and arrow election symbol and name are concluded soon. It asked the poll panel to decide the issue as expeditiously as possible.
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
Select committees of the House have already submitted their reports
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After setting up a committee under N Rangachary last year to look at taxation issues regarding the sector, the government has issued several notifications in the last eight months.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
UK's Cairn Energy Plc has offered to forego $500 million and invest that amount in any oil and gas or renewable energy project identified by the Indian government if New Delhi agrees to honour an international arbitration award and returns the value of loss it incurred because of being taxed retrospectively, sources said. The Scottish firm invested in the oil and gas sector in India in 1994 and a decade later it made a huge oil discovery in Rajasthan. In 2006-07, it listed its Indian assets on the BSE. Five years after that the government passed a retroactive tax law and billed Cairn Rs 10,247 crore plus interest and penalty for the reorganisation tied to the flotation.
The Central Board of Direct Taxes, the apex policy making body of the I-T department, has been undertaking a host of steps to bolster the litigation management wing of the department which has come under criticism not only from courts but also successive Finance Ministers and in the audit reports of the Comptroller and Auditor General.
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.
The arguments in the matter were the second longest after the landmark Keshvanand Bharti case in 1973 during which the proceedings for propounding the doctrine of basic structure of the Constitution continued for 68 days.
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.
The bench on October 16 had reserved the judgment after marathon hearing of 40 days.
Dismissing the role of Bharatiya Janata Party leader Subramanian Swamy as negotiator for the Ram temple issue, the main parties to the case on Thursday demanded setting up a panel of Supreme Court judges to initiate the talks in the vexed matter.
A five-judge Constitution bench headed by Chief Justice of India Ranjan Gogoi, which started the day-to-day proceedings on August 6 after mediation proceedings failed to find an amicable solution to the vexatious dispute, has revised the deadline for wrapping up the proceedings and has fixed it on October 17.
The SC also said that if parties to the case want to amicably resolve the matter through mediation, they can still go ahead with it.
A plea of the UK-based Vedanta group company to export its share of crude oil from Barmer oil field in Rajasthan was on Tuesday rejected by the Delhi high court on the ground that domestic crude cannot be exported till India attained "self sufficiency".
The three-judge arbitration panel set up to resolve the controversy over the sale of the government's residual 49 per cent stake in Sterlite-controlled Bharat Aluminium Company Ltd has decided to meet in August, raising hopes of a resolution to the five-year-old dispute.
Fortis and noted cardiologist Naresh Trehan seem to be heading toward an out-of-court settlement, with the warring factions saying they are trying to reach an amicable solution.
Chaos in Parliament threw a spanner in the government's efforts to revive the economy and kick-start reforms.
Cairn said it had initiated arbitration.
Senior advocate Rajeev Dhavan, representing the Muslim parties in the case, tore up a pictorial map.
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