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.
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In 2021, traditional reds and maroons will be preferred over other dark colour palettes.
With tears running down her cheeks she then climbed into the stands towards her team, a tradition started by compatriot Pat Cash when he won the men's singles in 1987.
Amid long-pending dispute between the UK-based telecom giant Vodafone and the tax authorities in India, Finance Minister's advisor Parthasarathi Shome on Wednesday said the government should not use retrospective amendment of tax laws to raise revenues.
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The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain's Cairn Energy, which is seeking to recover $1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. "Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy," he said.
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India has a history of jugaad, and retrofitting vehicles is one such manifestation of the legendary Indian skill. Not so long ago autorickshaws and small Marutis used to strap on subsidised LPG cylinders and power themselves to a cheap ride. There were the odd explosions, lives were lost, but the jugaad continued. Then compressed natural gas (CNG) was introduced in Delhi following a court order. Initially, customised CNG kits were fitted to conventional (internal combustion engine or ICE) autos cheaply, enabling commuting at less than half of what you would cough up for diesel. The industry is better organised now with Suzuki and Hyundai designing CNG-fired vehicles, and Mahindra and TVS manufacturing liquefied petroleum gas (LPG)-powered three wheelers.
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A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
As a self-confessed scaredy-cat, I have to say I was dreadfully exhausted by the end and noting the sloppy visual effects and continuity glitches in Janhvi's ghostly makeup.
Tigmanshu Dhulia's earthy touches, perverse humour, and queasy depiction of the upscale and underbelly revels in pulpy and devious twists, notes Sukanya Verma.
Bollywood had a fun time playing dress-up for producer Amritpal Bindra's retro theme party. The birthday bash saw the who's who of the film industry, dressing up like their favourite movie characters.
The most sought-after megastars of the current generation are primed to show their might against a bunch of enigmatic cricketers as India and Pakistan engage in an ICC T20 World Cup face-off, something that transcends the 22-yard strip.
Jacqueline Fernandes walked for Ashish Soni, but all eyes were on her 'retro' hairstyle.
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Modi will also perform the ground-breaking ceremony for the building, which is expected to be completed by 2022 at an estimated cost of Rs 971 crore.
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A fashion designer, she launched her spring/summer collection in Mumbai.
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