The government is trying to send a signal it wants to stimulate the economy and the stock market.
'I would like to request the AERB, UCIL and DAE to introspect. The world is changing, so is India. The wave of development and modernity will not stop for those who continue to live in the past. The future belongs to the youth who believe in the values of honesty, transparency and efficiency.'
The West Bengal chief minister's dream of transforming her state's capital might prove difficult.
FII investments made after Aug 2010 to come under GAAR even if these have been routed through DTAA.
Panel has suggested that GAAR provisions should not be invoked to examine the genuineness of the residency of entities in Mauritius.
.jpg)
The ministry has been receiving representations from chambers of commerce and industry associations on tax-related issues and disputes that affect the industry as a whole or impact a large sections of the industry.
Introduction of GAAR, which was proposed by then Finance Minister Pranab Mukherjee in the Budget 2012-13 to check tax evasion, had triggered strong opposition by foreign investors following which its implementation was postponed till April next year.
The government may take a hit of about Rs 40,000 crore if it accepts the recommendations of the Parthasarathi Shome panel to tax indirect transfer of Indian assets prospectively, as against the provisions of the Finance Act, 2012, to tax all such deals retrospectively.
Seeking to lift investor sentiments, the government on Monday said that it will not wait for the Budget, which is due in February, to address the issues concerning retrospective amendment to Income Tax laws.
Success in sports stems mostly from teamwork. Now and then there comes a captain, on whose singular strength an entire squad makes huge strides. One such titan, now departed for the Elysian Fields, was The Hindu's Sports Editor Srinivasaraghavan Krishnan.
'New Delhi and Washington are now on the same page, on dealing with growing Chinese assertiveness, across the entire Indo-Pacific region,' notes Ambassador G Parthasarathy, Chancellor, Central University of Jammu.
The recommendations by Shome are significant as they have been made at a time when two major tax reforms, the Goods and Services Tax and the Direct Taxes Code, have made no headway.
'There will be much for President Trump and Prime Minister Modi to discuss including growing Chinese military cooperation with Pakistan, which heralds a new attempt by China and Pakistan to neutralise India's influence in its Indian Ocean neighbourhood,' notes Ambassador G Parthasarathy.
The rising prices of fossil fuels and the unreliability of alternative sources like solar and wind power means that the charms of nuclear power may still returns, thanks to improvements in safety and technology, says Dr K S Parthasarathy.
The Indian Consulate in San Francisco has launched a new website as part of its effort to provide better and user friendly services to the large Indian American community living in the area.
A devastating fire at a multi-storeyed building in Kolkata that claimed nine lives turned into the epicentre of a political slugfest on Tuesday, with the Trinamool Congress government and the Bharatiya Janata Party pointing accusatory fingers at the Railways and the state administration respectively, even as the bereaved families grieved at the loss of their near ones.
T N Seshan believed that toughness at every level is needed to keep the flock under him strictly duty bound, recalls Dr K S Parthasarathy, former secretary, Atomic Energy Regulatory Board.
A group of 11 members from the family which comprises the shareholders has moved the Company Law Board against the majority decision of the board of directors to remove N Ravi, editor, and Malini Parthasarathy from the editorial board.
According to the book, 'Keenie Meenie: The British Mercenaries Who Got Away With War Crimes', authored by UK-based investigative journalist Phil Miller India's secret use of British mercenaries lasted for four months after the Indo-Lanka accord was signed between former Prime Minister Rajiv Gandhi and then Sri Lankan president Junius Jayewardene in 1987.
The inputs collected from the victims by an Atomic Energy Regulatory Board scientist gave vital clues which helped to identify the source of Delhi's radioactive leak, points out Dr K S Parthasarathy, former secretary with the Board.
On Dr Homi J Bhabha's 110th birth anniversary, Dr K S Parthasarathy shares some personal memories of the legendary nuclear scientist.
The former advisor to P Chidambaram explains why he is substituting the urban delights of London for the maddening drawbacks of Delhi.
Some people are shining through India's gravest health emergency by offering to run errands and home kitchens delivering meals to organisations and individuals stepping in to supply oxygen cylinders, oximeters
The move comes after CBI gets sanction to prosecute him in Aircel-Maxis case
Did men and women of redoubtable experience and public service, upholders of the country's steel frame and paragons of corporate governance, never smell a rat?
It's a season of change at economic think tanks.
What Indrani doesn't know is that even if she is handed down a sentence of not guilty by the judge at the end of the long and meandering Sheena Bora murder trial, for India's legion of armchair judges, she will always be guilty. She won't be able to change that. Ever.
Prime Minister Narendra Modi seems to have secured a rare concession from Pakistan that 'terrorism' and not the issue of Kashmir be the central theme of the India-Pakistan dialogue.
Maytas Infra Ltd will again petition the Company Law Board to allow it to induct the Saudi Binladen Group (SBG) as its strategic partner, according to IL&FS and Maytas' chairman, Ravi Parthasarathy.
The film will have the father-son duo of Mohan Babu and Vishnu Manchu in the lead.
People in coastal districts of Andhra Pradesh heaved a sigh of relief on Thursday as the third cyclonic storm in over a month, which was expected to cause extensive damage, weakened before it hit the state.
Ustad Zakir Hussain gets candid.
Documents such as PAN card, Aadhaar card, I-T return papers, which are used for KYC, can get leaked from a number of sources. Other prominent sources are the direct sales agents and photocopy shops, say Sanjay Kumar Singh.
'A recent compromise by the state government is accepting NEET exams for medical entrance.'
Indian-Americans in the Washington metropolitan area accorded visiting Indian Defence Minister A K Antony -- on his maiden visit to the United States on the invitation of Defence Secretary Robert Gates -- a rousing welcome on his arrival at the Washington Dulles International Airport on Sunday evening. Dr Parthasarathy Pillai, a community icon in the Washington, DC area and erstwhile national president of the National Federation of Indian Associations were at the airport.
In the absence of a chief executive officer, Delhi-based low-cost carrier SpiceJet has decided to set up a three-member management committee to take all company decisions, especially in the light of the recently-signed agreement with US-based investor Wilbur Ross.
At a seminar in Washington, DC, a group of former diplomats, military leaders, politicians, businessmen and others said the minimum requirement from Pakistan is 'an irrevocable disbandment of the infrastructure of terrorism.'
Delhi-based low-cost carrier SpiceJet is looking at restructuring its core leadership team as part of US investor Wilbur Ross's strategy of turning around the company.
The appointment, expected shortly, will come in the backdrop of tax expert Parthasarathy Shome recently resigning from the post of adviser to Finance Minister P Chidambaram.
An Indian American businessman was sentenced to 35 months in jail and slapped a US$ 60,000 fine by a US court for shipping restricted military technology to Indian government entities engaged in missile and fighter jet production.Parthasarathy Sudarshan was convicted of acquiring electrical components with applications in missile guidance and firing systems in the US and supplying them to the Vikram Sarabhai Space Centre and Bharat Dynamics Ltd between 2002 and 2006.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances