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In the first phase, most of the outdated regulations in the state and central Acts will be removed. Further, compliances with regard to annual inspections, licence renewal, and storage of multiple data will be eased.
In a first of its kind move, the Indian Railways Catering and Tourism Corporation (IRCTC), the ticket booking arm of the Indian Railways, is looking to monetise its bank of passenger data while conducting business with private and government companies. IRCTC has a large bank of data related to every online railway ticket ever generated as it is the country's only railway ticketing platform, an IRCTC official told Business Standard. The public sector undertaking, which has sought the services of a consultant to assist with the monetisation process, plans to raise Rs 1,000 crore through this exercise.
"Eleven people have been sent to jail. In three cases the girls were not minor, they said that they are in a relationship with boys of other religions of their own free will," Mohit Agarwal, Inspector General, Kanpur Range told reporters.
'Many senior officers are unhappy with him, but many lower level officers are still supportive.' 'This is also not something that has happened for a long time. So this is certainly a milestone.'
The state cabinet approved the Parliamentary Affairs Department's proposal to convene the first session of the 17th assembly and 196th session of the legislative council from November 23 to November 27, minister Amarendra Pratap Singh of the BJP said.
India is in the process of filing an appeal against an arbitration panel asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident to address them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework. India is in the process of filing an appeal in the Cairn's arbitration award case, they said, adding in this case, it was well within India's sovereign powers to redress the situation of Double Non-Taxation and tax abuse. Cairn chief executive Simon Thomson had last month met the then finance secretary Ajay Bhushan Pandey to discuss the arbitration award.
Congress observers for Rajasthan on Tuesday recommended disciplinary action against three key loyalists of Ashok Gehlot but did not seek any action against the chief minister, as the party scampered to resolve the crisis that has cast a shadow on the election of the party president.
A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.
More than 6,000 URLs, accounts or websites were blocked in 2021, Parliament was informed on Wednesday.
The chief minister's decision came on a day when two top Bharatiya Janata Party leaders returned the gifts given to them by the Education Department amid indications that others may follow suit.
It remains to be seen whether the ban of its parent organisation will weaken the SDPI or will it be able to further consolidate its voter base.
After the Opposition, now Punjab Congress chief Sunil Jakhar and two MLAs of the party have questioned their government's decision of giving jobs to sons of two legislators and urged Chief Minister Amarinder Sigh to roll back the 'ill-advised' move.
The Union Cabinet has cleared disinvestment of the country's largest insurer LIC and a panel headed by the finance minister will now decide on the quantum of stake dilution, a senior official said on Monday. The Department of Investment and Public Asset Management (DIPAM) had in January appointed actuarial firm Milliman Advisors LLP India to assess the embedded value of LIC ahead of the IPO (initial public offering), which is touted to be the biggest public issue in Indian corporate history. The Budget amendments to the LIC Act has been notified and the actuarial firm is expected to finalise the embedded value of the life insurer. Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.
'I had the Indian American community fully supportive from day one when I ran and they said, Yes.' 'I ran again, I lost and they said, Yes.' 'I came back to them again, and they said, Yes, every time.'
Pawar also said that the Eknath Shinde faction, which was camping in Guwahati after rebelling against the Uddhav Thackeray government, had not expected that their leader would become anything more than a deputy CM.
Paswan's daughter Asha Devi and her husband Anil Sadhu protested in front of the car of Deputy Chief Minister Sushil Kumar Modi when he had come to receive the body of the Lok Janshakti Party founder. Sadhu is presently associated with Lalu Prasad's RJD.
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the arbitration award was still pending. The petition by the airline, which is separate to Indian government's plea in a Washington court seeking dismissal of Cairn's lawsuit to seek confirmation of the arbitral award, said the New York district court lacks jurisdiction to adjudicate a "mere hypothetical question" or one that depends upon contingent future events that may or may not occur. Cairn first moved a court in the US District Court for the District of Columbia seeking confirmation of the arbitration award and then filed a petition in the New York court to seek declaration of Air India as "alter ego" of the Indian government and so it should be made liable to pay the $1.26 billion arbitral award.
At 64, the woman who will be India's 15th president, taking over from Ram Nath Kovind, will also be the youngest and India's first President to be born after Independence.
Once an auto-rickshaw driver in Thane city adjoining Mumbai, Shinde (58) quickly emerged as a key Sena leader in the Thane-Palghar region after joining politics and is known for aggressive approach towards issues of public interest.
At the press interaction, Sitharaman said secretaries from the department of financial services and economic affairs will be meeting a deputy governor of RBI soon to look into the "shortcomings" of the functioning of multi-state cooperative banks and see if any amendments can be made to the laws.
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest insurance company, according to details in the initial public offer (IPO) document it filed over the weekend. The regulatory documentation is ahead of LIC selling shares to the public through the stock exchange for the first time this financial year. This will be India's largest ever public listing.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
He has served as a minister in all the previous National Democratic Alliance governments in Bihar. He was the minister for the road construction department in the last government.
Pakistan's Election Commission on Friday disqualified former prime minister Imran Khan for five years in the Toshakhana case for hiding proceeds from the sale of gifts he received from foreign leaders.
Former Indian Administrative Service officer A K Sharma was on Friday named a Bharatiya Janata Party candidate for the Uttar Pradesh legislative council polls a day after he joined the party, fuelling speculation that he will get a ministerial post.
At present, bank depositors get an insurance cover of Rs 1 lakh on their amount by the Deposit Insurance and credit Guarantee Corporation.
A girl who was set on fire by a person after she did not reciprocate his proposal in Jharkhand's Dumka district succumbed to her burn injuries on Sunday.
With sulking Tourism Minister Anand Singh shutting down his MLA's office in Hospet in Vijayanagar district reportedly to show his displeasure over the portfolio allocation, Chief Minister Basavaraj S Bommai on Wednesday said he would speak to him.
The Madras high court on Wednesday declined to grant a total stay against the 10.5 per cent Vanniyar quota but held that admission in higher educational institutions and appointment in government services will be subject to the outcome of the batch of petitions challenging the same.
On Sunday, a team comprising deputy commissioner of police Hemraj Singh Rajput, assistant commissioner of police Nitin Jadhav and two inspectors, reached Fadnavis's bungalow 'Sagar' around noon.
The development is being seen as a sign of the growing political prominence of Hindus in America. Hinduism is the fourth largest faith in the US, representing approximately one per cent of the US population in 2016.
Stalin has given due respect to seniority in the pecking order, but has also taken into consideration the demands of individual ministries and the suitability of individuals, observes N Sathiya Moorthy.
The 79-year-old widely respected and popular leader steered the Congress in 2017 to a landslide victory in the 117-member assembly to occupy the chief minister's post for the second time.
Tourism Minister Anand Singh and Municipal Administration and Small Scale Industries' Minister N Nagaraj (MTB) have openly expressed displeasure over their portfolio, and have sought "weighty" ones.
'No one in this administration, not the President nor anyone on the national security team, would suggest that the Taliban are respected and valued members of the global community'
Goa minister and Bharatiya Janata Party MLA Michael Lobo on Monday resigned from the Pramod Sawant-led ministry and also as member of the legislative assembly, ahead of the state polls scheduled next month.
Shoaib Akhtar's remarks came a day after Umar Akmal was given a three-year ban for not reporting a match-fixing offer. As match-fixing continues to bother Pakistan cricket, former players in the country have raised their voice to ask for legislation, criminalising match-fixing.
What these elections prove beyond any doubt (if ever there was one) that Modi's hold over public mind and Shah's mastery of election management are unparalleled. It doesn't seem likely that they will be matched any time soon in the Indian political scene, reaffirms Shreekant Sambrani.
China urged the US to immediately address its wrongdoings, take practical measures to undo the adverse effects caused by Pelosi's visit.
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