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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.
>Putin's last-minute intervention with PM salvages $5.43 bn pact.
The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties, Finance Minister Nirmala Sitharaman said on Tuesday as she launched a blistering attack on the Congress for handing over airwaves used by the defence to the private firm for pittance. "It is a fraud of Congress, by Congress (and) for Congress," the minister told reporters as she read out paragraphs from the Supreme Court's January 17 decision allowing winding up of Devas Multimedia because of the fraud.
Production in India would be open for companies other than HAL
A summary of Saturday's action at the US Open.
The National Democratic Alliance government has adopted half measures instead of moving decisively on defence.
The apex court said there was no occasion to doubt the decision-making process in the multi-billion dollar Rafale deal.
SAAB's Sea Gripen constitutes a new option as the INS Vikrant's light fighter
Raja Chari is in training to go to space in 2019. Vaihayasi Pande Daniel presents the story of his journey from Cedar Falls, Iowa, to NASA. A Rediff.com Exclusive!
State capitals and major cities across the country have seen security being beefed up at vulnerable places and key installations.
Making it clear that one car cannot travel on two roads at the same time, India said all future deals for Rafale fighters would also be through government to government route, indicating that the USD 20 billion MMRCA tender has virtually been scrapped.
Airbus' $99 million payout puts a new light on Eurofighter's 'unsolicited bid' to the Modi government, reducing the cost of the Typhoon fighter by 20 per cent, making it in retrospect significantly cheaper than the Rafale.
The Congress vice president also alleged that the National Democratic Alliance government was delaying the Winter Session of Parliament as Modi was not ready to discuss the Rafale and Jay Shah issues in the House before the Gujarat polls.
'No sovereign guarantee, no bank guarantee, no escrow account, yet a huge amount was paid as advance'
The Raksha Mantri was unable to address media queries about how much the Modi government was paying for 36 Rafales compared to what the UPA government had negotiated.
The French have been rewarded for their obstinacy with exactly what they wanted -- an order for fully built Rafales without technology transfer.
DRDO plans to build a tank for use in the mountains and in the jungles.
Some of the best photographs, clicked across the globe in January.
'It appears that Prime Minister Modi has to undo 50 years of State monopoly in the defence sector during which public undertakings like HAL or DRDO monopolised defence production and development with disastrous consequences.'
The NSA will meet with officials of the French external intelligence agency to forge a very close counter-terrorism relationship with India, reveals Rajeev Sharma.
Prasad alleged there was pressure for extraneous considerations and 'bribe' for not finalising the Rafale deal during the UPA rule.
The disagreement over liability further complicates any early conclusion of the Rafale contract.
With the Rafale contract in limbo, the upgrade of IAF's Mirage 2000 and Jaguar fighters has become vitally important.
Khadim Hussain Rizvi is now gone. But the mass appeal of fundamentalism among Pakistan's burgeoning, young, illiterate, unemployed and angry population isn't, observes Shekhar Gupta.
He now claims that his submission before the SC was that petitioners in the application used "photocopies of the original" papers, deemed secret by the government.
Five days after deadly attacks in Paris, which claimed 129 lives, details are emerging about the identities of the men who carried out the attacks
From the Syrian civil war to the Ukrainian crisis to the terror unleashed by the dreaded Islamic State, there was no lack of news in 2014. Rediff.com presents a selection of the year's most enduring moments year from around the world.
India may scrap negotiations with Dassault for 126 Rafale fighter jets. Instead, it is likely to buy over 60 jets in a flyaway condition.
Prime Minister Modi needs to call Biden next month and clearly say: 'Mr President, the threat from China is clear and present. We, in New Delhi, have determined it to be an urgent national priority to outfit our submarines and aircraft carriers with nuclear propulsion and we want to cooperate with America on this programme",' advises Ajai Shukla.
Security has been tightened in the national capital, particularly around Rajpath and the parade route as the nation celebrates its 67th Republic Day on Tuesday.
'The range of purchases throw a light on India's threat perception as also its perceived role of being a stabilising influence in the region,' says Brigadier S K Chatterji (retd).
IMAGES from Day 2 of the US Open played at Flushing Meadows in New York on Tuesday.
'Rafale is an open and shut case and there is only one man who has done corruption'
The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.
A Thai satellite has spotted hundreds of floating objects in southern Indian Ocean that could possibly be the debris of the crashed Malaysian plane, even as bad weather on Thursday grounded multination aerial search for the aircraft's wreckage.
UK-based Cairn Energy PLC on Tuesday said it will drop litigations to seize Indian properties in countries ranging from France to the US, within a couple of days of getting a USD 1 billion refund resulting from the scrapping of a retrospective tax law.
In a two-page letter written on December 12, 2017, the Reliance head said he was "personally saddened" by the "unfortunate statements" against him and his group by several functionaries of the Congress party.
A round-up of Tuesday's action in the UEFA Champions League.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
Hydrography (underwater geography) prevents the Indian Navy for opting for an all-conventional, or all-nuclear submarine fleet.
