Faced with prospect of its assets across the globe being seized just like Pakistan and Venezuela, the government decided to scrap retrospective taxation but the international embarrassment could have been avoided had 'attached' shares of Britain's Cairn Energy Plc not been sold, according to tax and legal experts. On Thursday, the government introduced a Bill in Parliament to scrap the tax rule that gave the tax department power to go 50 years back and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but substantial punitive action was taken only in the case of Cairn.
Hamilton said he would still be "incredibly proud" to pull level with "an icon like Michael" and seven was way beyond his wildest dreams, but numbers and titles maybe meant more to those on the outside.
British lawmakers will debate the issue of press freedom and safety of protesters in India next Monday in response to an e-petition which had crossed the 100,000-signature threshold required for such a debate, the House of Commons Petitions Committee confirmed on Wednesday.
Functional since May, the centre employs 1,400. Unilever's chief executive, Paul Polman, formally inaugurated it on Thursday.
'Whoever owns the best chip industry will be the Saudi Arabia of the era of data,' predicts Rajeev Srinivasan.
'The world is finally recognising that China is pushing a form of government that many only now are beginning to recognise as problematic'
The UK voted to leave the European Union after 43 years.
Summary of sports events and persons who made news on Wednesday.
India has much paranoia in India about a new 'Terroristan' coming up between Pakistan and a Taliban-ruled Afghanistan. Pakistan has zero ability economically, diplomatically, geostrategically or militarily to create one. If they try, it will be great for India as they will destroy themselves yet again, asserts Shekhar Gupta.
Geopolitical climate and equity markets as supportive for gold's role as a risk hedge.
This is a national leadership gone so wrong that India's most powerful prime minister in four decades has personally taken charge of medical oxygen shortages, observes Shekhar Gupta.
'Congrats to our team @USUN for their work in negotiating JEM's Masood Azhar's #UN designation as a terrorist,' Pompeo tweeted.
India and Pakistan are reportedly expanding their nuclear arsenal, despite a global trend towards disarmament, the Stockholm International Peace Research Institute has said.
It will take a female domestic worker 22,277 years to earn a top CEO of a tech company makes in one year.
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
'During the lockdown if you terminate your employee, then you will face action under the NDMA.' 'This will be the first time something like this will happen in the history of India.'
Images from Saturday's proceedings at the World Athletics Championships in Doha.
Formula One is feeling a fresh wave of optimism under its new owners, while Lewis Hamilton and Fernando Alonso are the two most popular drivers, according to an extensive fan survey released on Friday.
Any shortlist of contenders for the greatest of all-time events must include the first fight between Muhammad Ali and Joe Frazier.
With 55,000 of his home fans roaring their support at the London Stadium, the 34-year-old Briton sprinted away with his 10th consecutive gold medal in a global track final, a dazzling sequence that ranks among the greatest feats in sport.
As countries around the world are in lockdown to prevent the spread of the coronavirus, street artists everywhere are responding, bringing a dose of colour -- and urgent messaging -- to a weary public.
The MP for Richmond in Yorkshire, married to Murthy's daughter Akshata, first entered the UK Parliament in 2015 and has fast risen up the Conservative Party ranks as a staunch Brexiteer who had back Johnson's strategy to leave the European Union.
The overall confirmed cases on the Chinese mainland has reached 44,653 by the end of Tuesday and 1,113 people has died of the disease.
The findings, published in the journal Nature Human Behaviour, also show that, in countries that have not yet reached the peak of active cases, lockdowns must remain in place for at least 60 days and deconfinement must be gradual in order to decrease the risk of second waves.
India is the fourth destination for foreign direct investment just below the United States, China and Britain.
Rediff.com shows you how people across the world cope with the unremitting July heat wave.
Mo Farah set the first world record of his glittering distance running career on Saturday when he established a new indoor two-mile mark in Birmingham.
In the face of climate disaster, a new environmental movement by the name of Extinction Rebellion has risen up, and they will make sure you hear their plea -- 'To governments of the world: we declared a climate and ecological emergency. You did not do enough. To everybody else: rebel' The environmental group, which was founded in the United Kingdom, has planned a large coordinated movement -- called International Rebellion -- in more than 60 global cities. Demonstrators blocked roads and bridges leading to the Palace of Westminster in central London. They staged a "die-in" in Wellington, New Zealand. They obstructed a major roundabout in Berlin and splattered fake blood on Wall Street's "Charging Bull" sculpture. Here are some of the most powerful images from the movement.
India has slipped to fourth place with an aggregate score of 64 in the second edition of the biannual Geopolitical Power Index (GPI)TM 2011 (H2), behind top-ranked United States (80 points on a maximum of 110) and second-placed China (72), a press release issued by the Global Intelligence Review stated on Tuesday.
It is the first break in the four-year cycle for the summer Olympics since the 1940 and 1944 Games were cancelled because of World War Two.
Professional athletes could be particularly vulnerable to falling seriously ill with the new coronavirus, the head of a global union representing them said on Thursday. Brendan Schwab, the executive director of the World Players' Association, added that some players are being asked to sign away rights that would normally give them legal and financial protection should they fall ill.
World champion Muktar Edris, who beat Farah at the World Championships in London two weeks ago, was among the trio left sprawled on the track in the Briton's wake as Farah dived over the line.
'Magnanimity and appeasement have no place in the world of realpolitik as India has learned the hard way,' notes Vivek Gumaste in the first of a two-part column.
When the Indian brunost bravely ventured into the international cheese arena in Spain, along with 4,000 others from 45 countries, before 230 judges, its sterling desi pedigree spoke for itself, winning a silver in the brown cheese category and giving India a berth on the global cheese map.
The US has the distinction of destroying a flawed but functioning State thrice since 1979. Pakistan has been their constant accomplice, explains Shekhar Gupta.
According to a survey by How Global is the Business of Retail? by realty consultant firm CB Richard Ellis, India which was ranked 44th in 2008, has moved up to the 39th position with 22 per cent of retailers having presence in the country.
Even a rump Air India could not hope to get away with the shoddy service and scrappy fare for which I paid nearly two lakh, complains Sunanda K Datta-Ray.
The four-time Olympic champion, who was honoured for his services to athletics by the Queen on Tuesday, described the moment as "incredible".
The National Security Agency of the United States has cracked the encryption designed to provide online privacy using supercomputers, multiple media outlets in the US and Britain have reported.
To enable large-scale vaccine studies to take place across the UK, the aim is to get 500,000 people signed up by October, which is considered vital in the fight against coronavirus.
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