There is considerable speculation as to whether this award would have any bearing on another Vodafone-type case, namely, the ongoing tax-related arbitration proceedings with Cairn Energy.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
Market regulator is trying to build a large team of software experts for efficient monitoring and surveillance
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
The new definition under the Code of Wages, 2019, includes three components: basic pay, dearness allowance and retention payment.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.
The new law proposes to bring e-retail users and players into its fold.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Employers' refusal to recognise TUs has caused industrial tiffs.
Ritu Jha/Rediff.com reports from California on the largest TieCon ever.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
Regulator's nod assumed more importance after the Maggi issue.
The present legislative framework on betting and gambling in India is sketchy, at best.
Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation, says Sayan Ghosal.