'At a time when the economic situation in the country warrants the closest attention of the government, India can ill afford a situation where the citizenry and the government enter into confrontation on the roads'
'One of the aspects for transparency and fair governance is to give the industry being represented the chance of lobbying with the regulator.'
To facilitate the appeals, 200 new FTs will be functional from Monday, in addition to 100 already existing.
The trigger that led Japan and the Philippines to ink the deal was because of the deteriorating security situation in the South China Sea. China's coast guard increased the frequency and intensity of incursions into Philippine waters, provoking the Philippines to take countermeasures to deter China, explains Dr Rajaram Panda.
Madhabi Puri Buch, the first female chairperson of Sebi, doesn't plan to rest on her laurels in her third and final year in office and has set out an ambitious goal, such as moving towards a same-day and instantaneous settlement cycle for the secondary market.
The Appellate Tribunal for Foreign Exchange has upheld the penalties imposed on 10 MNCs, including Ericsson, Nokia and Sony by the Special Director of Enforcement for violating foreign exchange regulations.
The department found various expatriates were acting as business heads for Indian operations and certain employees were actively involved in concluding sales for the foreign entities of GE in India.
Khan will remain in jail as he is convicted in many other cases.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Mauritius-based IndusInd International Holdings and other Hinduja group entities are expected to make payments worth Rs 9,661 crore for the acquisition of bankrupt Reliance Capital (RCap) only after getting all the legal and regulatory clearances, including from the Supreme Court, thus delaying the closure of the transaction. A source close to the development said that according to the National Company Law Tribunal (NCLT) order dated February 27, the payment for the acquisition was to be made within 90 days from the NCLT's approval of the resolution plan and after receiving all legal and regulatory clearances.
Islamabad also summoned the Iranian charge d'affaires here and issued a strongly worded condemnation of Iran's "violation of its airspace", the Foreign Office said.
Bakshi had moved the application under Section 9 of the Conciliation and Arbitration Act, dealing with foreign arbitration and foreign tribunals.
An international tribunal has ruled that the Indian government had acted "unfairly" and "inequitably" in annulling a contract between Devas and ISRO's commercial arm Antrix.
Applicants for Indian citizenship under the Citizenship (Amendment) Act 2019 (CAA) can submit any of nine documents, including valid or expired passport, ID cards and land tenancy records, to prove he or she is a national of Afghanistan or Bangladesh or Pakistan.
An international tribunal in the Hague has ruled in favour of the Philippines.
Sonowal assured people that the state government will provide legal aid to poor people in their fight against exclusion from the NRC so that they can pursue their cases in foreigners tribunals and in higher courts.
The Cabinet Committee on Political Affairs took a decision to this effect in the wake of the scrapping of the IMDT Act by the Supreme Court.
Understanding tax residency rules and maintaining proper documentation is imperative to ensure smooth tax compliance.
The Securities Appellate Tribunal (SAT) on Thursday questioned market regulator Sebi's credibility on completing its investigation within a stipulated time in the Zee Entertainment Enterprises' (ZEEL) matter. SAT was hearing Zee's plea against Sebi's order baring Zee Entertainment Enterprises' Punit Goenka and Subhash Chandra from holding any key managerial positions in the company and other organisations for allegedly siphoning off funds of the media firm. "There is no certainty that these eight months won't be extended. ...past record of Sebi is that they have always extended it (investigation).
In the 'supplementary list' of the NRC, over 10,000 names were either wrongly included or excluded and necessary orders have been issued to delete nearly 4,800 'ineligible persons' from the document, state coordinator Hitesh Dev Sarma said in an affidavit to the high court.
Former Air India Executive Director Jitendra Bhargava had filed the appeal questioning the decision of CCI to approve the Jet-Etihad deal without carrying out a detailed assessment.
The government will provide legal support to the excluded people, said Assam Parliamentary Affairs Minister Chandra Mohan Patowary.
There was no progress in the formation of a new coalition government in Pakistan on Tuesday as top leaders of the Pakistan Muslim League-Nawaz (PML-N) and the Pakistan Peoples Party (PPP) failed to agree on a power-sharing deal in their latest round of talks, indicating deepening fissures in the country's political landscape.
Cairn Energy has threatened the Indian government that it is looking at executing the favourable $1.2 billion international tribunal award in the retrospective taxation case by seizing India's overseas assets.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
'The linking of Aadhaar to births and deaths will revive the debate around citizenship.'
A peeved special Pakistani tribunal on Thursday asked government to give a written explanation as to why it allowed former military ruler Pervez Musharraf to go abroad.
The plan is to establish a consultative panel and appoint mediators to address various domestic issues, both at the central government and state levels.
Reliance General Insurance Company (RGIC), a subsidiary of Reliance Capital, finds itself in a bind as the Directorate General of GST Intelligence (DGGI) has issued multiple Show Cause Notices (SCNs) amounting to Rs 922.6 crore. This development comes at a time when Reliance Capital is currently undergoing a debt resolution under the National Company Law Tribunal (NCLT) process in which the Hinduja group has emerged the winner. The Hinduja acquisition is currently awaiting the Supreme Court's approval after the Torrent group, the winner of the first round, challenged the second auction conducted by the lenders of Reliance Capital.
Addressing a press conference, BJP Assam president Ranjeet Kumar Dass said that the government will bring in a legislation to safeguard the Indian citizens if the Foreigners Tribunals deliver adverse judgements against the appeals.
The state police on Thursday appealed to the people not to believe in rumours as some elements are trying to create confusion.
Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.
Tthe government has decided to update the National Population Register under the Citizenship Act, 1955, along with the first phase of Census 2021.
Referring to Canadian Prime Minister Stephen Harper's visit to India in November last year, Chidambaram said that India and Canada have longstanding bilateral relations, built upon shared traditions of democracy, pluralism and strong interpersonal connections with an Indian diaspora of more than one million in Canada.
If the Pakistani foreign minister attends the meeting in person, it will be the first such visit from Islamabad to India since 2011.
Foreign Office spokesperson Mumtaz Zahra Baloch during her briefing on Friday was asked to comment on the successful soft-landing of the Chandrayaan-3 mission on the Moon.
'You must have heard that Pakistan is going bankrupt or that a default or meltdown is taking place. It (default) has already taken place. We are living in a bankrupt country,' Defence minister Khawaja Asif said.
The groom was among the 40 lakh people whose name was ommitted from the draft citizens register which was published in July last year.
Lok Sabha on Friday passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal. The Finance Bill that gives effect to tax proposals for fiscal year starting April 1 was passed without a discussion amidst ruckus by opposition members demanding a JPC (Joint Parliamentary Committee) probe into the allegations against the Adani group of companies. While moving the bill for passage and consideration, finance minister Nirmala Sitharaman also announced the setting up of a committee under finance secretary to look into pension issues of government employees.
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