Hundreds of millions of dollars were invested in publicly traded Adani group stocks through Mauritius-based 'opaque' investment funds by partners of promoter family, the Organised Crime and Corruption Reporting Project (OCCRP) alleged on Thursday. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to $150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani group has denied all allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.
Training his guns directly at the Kerala Chief Minister and the Left wing Students Federation of India, Kerala Governor Arif Mohammed Khan on Tuesday claimed that his car was 'attacked' by Students' Federation of India (SFI) activists at the behest of Chief Minister Pinarayi Vijayan.
Wouldn't it be better to join the celebrations with the vast Hindu majority while at the same time criticising Mr Modi/BJP/RSS for politicising it? notes Shekhar Gupta.
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.
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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.
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.
India questioned the functioning of Pakistan's notorious military courts.
Sebi is learnt to have written to several regulators including those in Bermuda, Luxembourg, and Switzerland, seeking detailed information on some FPIs.
Released by secretary of state Antony Blinken, the annual human rights reports of the state department is a mandatory requirement of the US Congress giving details of human rights status in countries across the world.
The Supreme Court on Wednesday allowed former Finance Minister P Chidambaram's son Karti Chidambaram to travel abroad after depositing Rs 10 crore with its registry.
'Our Left is squeamish about democracy. They are so mechanical they have only dogma.'
Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets and also refund the amount paid in these cases without any interest. Asked if the company has filed an application with the Indian government to settle the retrospective tax dispute, a Vodafone spokesperson said, "We can confirm we have filed an application".
Delhi Jal Board vice-chairman Kapil Mishra, 34, was on Wednesday named as the new law minister
The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
Unlike Israeli company NSO, whose sale of Pegasus cyber tech grabbed worldwide attention, and other manufacturers of offensive-cyber products, Cellebrite operates in a grey area between security exports and civilian ones.
Violence broke out in Patiala house court complex when groups of lawyers attacked journalists, students and teachers of the JNU.
Among the bigwigs are Union ministers Amit Shah (Gandhinagar), Jyotiraditya Scindia (Guna), Mansukh Mandaviya (Porbandar), Parshottam Rupala (Rajkot), Pralhad Joshi (Dharwad) and SP Singh Baghel (Agra).
The Centre on Thursday told the Supreme Court, which is hearing arguments on a clutch of pleas seeking legal sanction for same sex marriages, that arguments about freedom of sexual orientation and autonomy may be raised in future to challenge incest prohibition.
Beleaguered West Bengal Human Rights Commission chairman Justice (retd) Ashok Kumar Ganguly on Friday resigned from the post of honorary professor of the National University of Juridical Sciences, a student of which had made allegations of sexual harassment against him.
'Nehru remains central to the polemic between the Congress and the BJP, or stated ideologically, between secular and Hindu nationalism.' 'The reason is that Nehru represents what is optimally possible as a secular politics along with liberalism and democracy in a country like India.'
Contempt should be restricted to the disobedience of orders and rulings. Any failure to obey the court in a dispute that doesn't involve it should alone invite contempt proceedings, observes T C A Srinivasa-Raghavan.
A 23-year-old physiotherapy intern, who came to be known as "Nirbhaya (the fearless one)", was raped and assaulted by six men inside a bus in south Delhi on December 16, 2012, before being thrown out of the moving vehicle.
Minister of State for Home Affairs Hansraj Ahir stated that the development put Pakistan in its place.
The ministry of external affairs said India remains committed to the promotion and protection of the human rights of all its citizens and that the country's democratic polity is complemented by an independent judiciary and a range of national and state-level human rights commissions.
'I welcome Droupadi Murmu as the first Adivasi woman President of India, but her track record has not been good as a politician and governor of Jharkhand when it came to helping Adivasis,' points out activist Gladson Dungdung.
The five-judge constitution bench headed by Chief Justice DY Chandrachud, which heard their contentions at length, told them they will have to justify the procedure adopted for abrogation as the court cannot postulate a situation "where the ends justify the means".
Jaishankar said the world has experienced its consequences in terms of higher costs and shortages of foodgrains and fertilizers and fuel.
The Governor and the ruling LDF in the state have been at loggerheads since the Supreme Court verdict quashing the reappointment of Gopinath Ravindran as VC of Kannur University and berating the Left government for its "unwarranted intervention" in the matter.
On May 24, 2022, a trial court in the national capital had awarded life imprisonment to Malik, the Jammu Kashmir Liberation Front (JKLF) chief, after holding him guilty of various offences under the stringent anti-terror law-Unlawful Activities (Prevention) Act (UAPA)-- and the Indian Penal Code.
The Minister of State for Commerce and Industry said there was a need of for promoting trade and investment as it is necessary for economic growth and sustainable development.
The media report claiming India bought Pegasus spyware as part of a $2 billion defence deal with Israel in 2017 has triggered a major controversy with the Opposition alleging that the government indulged in illegal snooping that amounted to 'treason'.
Pakistan's National Assembly has passed a government-backed bill that will provide the right of appeal to Indian death-row prisoner Kulbhushan Jadhav, according to a media report.
'Laws have been used in a way to serve the needs of the current regime and its authoritarian ideology.'
The Centre has no objection to a proposal for setting up a panel of domain experts to look into strengthening the regulatory mechanisms for the stock market, the Supreme Court was told on Monday while it was hearing pleas relating to the Adani stocks rout after the Hindenburg report.
'An in-principle decision has been taken to take the issue of Kashmir to the International Court of Justice'
The Indian State does not believe in the rule of law. It does not even recognise the need to follow treaties that it itself signed. And so it is refusing to shell out to Cairn; and, as a consequence, has brought on the Paris humiliation, notes Mihir S Sharma.
KG Balakrishnan, former Chief Justice of India and Chairman of the National Human Rights Commission, in an interview with Vicky Nanjappa emphasizes the need of stringent laws to tackle terrorism and explains why diplomacy with other countries is a must to fight this growing menace.
A Delhi court on Saturday sent Shankar Mishra, accused of urinating on a woman co-passenger on an Air India flight, to judicial remand for 14 days while rejecting a plea by police for his custody.
According to the report, Khawar Qureshi will continue to represent Pakistan in the court.
For India to invoke "sovereign" or "state" immunity to safeguard its foreign assets, which are under threat of getting seized in the intensifying legal battle with Cairn Energy, may come with several riders. Experts point out that the Indian government has to first satisfy the French court that the properties or assets that are under consideration are being used to dispense the state's sovereign functions.
