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.
As fliers find themselves spoilt for choice, airlines are looking at ways in which to position themselves distinctively.
Importers will now have to provide sufficient proof to the domestic customs authorities that the goods being imported have a minimum 35 per cent value addition in the country from which it is being exported to India.
Pistol sensation Manu Bhaker continued her terrific run of form, again claiming the individual as well as the team gold medal, while Gaurav Rana bagged a silver, as Indian shooters set the stage ablaze in the ISSF Junior World Cup, in Sydney, on Saturday.
The civil aviation ministry received 20 applications and it granted NOCs to sixteen companies between 2009 till now
The move of the Vinson strike group is in response to recent North Korean provocations.
Kite flyers from India and abroad showed their skills of flying kites on the first day of kite festival which kicked off here on Tuesday.
The jump in the sale of American weapons to India comes at a time when sale of weapons from the US to other countries has dipped to USD 50.8 billion in 2020 from USD 55.7 billion in 2019.
Women formed the core of India's stupendous day four at the 21st Commonwealth Games where a 16-year-old Manu Bhaker delivered a record-shattering shooting gold medal and the table tennis team shocked fancied defending champions Singapore to clinch the top honours for the first time in the event.
'Everyone wants to achieve everything very quickly.' 'Parents want to see their kids become stars overnight.' 'Kids want to be a sensation on social media.' 'Everyone is constantly in a race.'
The number of Indian passengers has jumped more than 20 per cent in the past year
'Now Mr Modi has been offered a more real but different kind of war, which he has likened to the Mahabharat,' notes T N Ninan.
No date has been announced for Air India's induction into the club of more than 28 leading carriers
National carrier Air India became part of the 27-member global airlines grouping Star Alliance, as budget airline AirAsia India launched operations and Tata-SIA joint venture carrier Vistara received the flying permit and announced its intentions to start operations from January 9.
In the test, a space rocket boosted a hypersonic glide vehicle, one capable of carrying a nuclear device, which circled the globe before impacting.
Once again, there seems to be an airfare war in India.
Coronavirus and the lockdown bringing you down? We assure you the next 20 images will take you to heights you have never experienced before. These are the entries to a contest called #Aerial2020 run by photo app Agora. It asked photographers around the globe to send in their best bird's-eye shots. In total, 9,018 photos were submitted, with the competition judges whittling them down to 50 finalists. Scroll down to feast your eyes on the amazing shots and the winning image is the first one.
According to Mumbai International Airport Limited spokesperson, the airport handled 3.04 million passengers in October and 3.15 million passengers in May. In December 2013, 2.9 million passengers passed through the Mumbai airport.
A summary of sports events and persons who made news on Wednesday.
The CJI said one of his relatives had earlier appeared on behalf of the victim's mother in the case and observed that it would be appropriate that some other bench hear the review plea at 10:30 am.
In the travel advisory, the Health Ministry again asked people to refrain from travelling to China in view of the coronavirus outbreak in its Hubei province and said travellers on return from the neighbouring country could be quarantined.
Air travel penetration in India remains small in global terms, with 0.04 annual trips per capita against 0.3 in China and more than two in the United States.
'What was previously buried in the sands of time now gets buried by the weight of banality,' notes Sreehari Nair.
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
'We are not yet out of the woods.' 'If India sees the South African or Brazilian type of mutations, our numbers will rapidly rise.'
'A good opportunity has thus been provided for both countries to back away from the brink without loss of dignity.' 'There is every reason why they should strain every nerve, and grab every chance, shedding all thought of belligerence and showing who's the boss, to establish, maintain and preserve all it takes to lift themselves by their bootstraps,' says B S Raghavan, the distinguished civil servant.
It is the surprise element of the unheralded shutters, who could pose a bigger threat to his medal aspirations at next month's Commonwealth Games.
Saina Nehwal and Kidambi Srikanth won their respective singles matches, while Satwik Rankireddy and Ashwini Ponnappa triumphed in the mixed doubles to help India outclass Malaysia in the final and clinch the gold medal in the Mixed Team badminton gold medal match at the 2018 Commonwealth Games.
'I will not bog down with the setbacks. I am going to republish the book. All the copyrights rest with me,' former executive director of Air India Jitendra Bhargave tells Tinesh Bhasin about Praful Patel's pressure to withdraw his book.
India perhaps is the only market in the world where full-service and low-cost fares have become one.
Bidding farewell to 2014 revellers around the world are welcoming 2015 with celebrations featuring fireworks, music, and dancing.
IndiGo was set up in 2006 by businessman Rahul Bhatia and Rakesh Gangwal, a former CEO for US Airways Group.
Vistara has poor load factors currently, it needs to bring down fares a bit to improve flight occupancy.
During the day, Union Health Minister Harsh Vardhan held a meeting to review preparedness for COVID-19 management, through video conference with health ministers, chief secretaries of all states and UTs, central ministers and representatives from the related organisations and stressed on the need for keeping testing and quarantine facilities, isolation wards, and labs in active readiness.
Newly launched Vistara has a passenger load factor of 55% in the busy Delhi-Mumbai sector, compared with 80-85% in other airlines.
Indians in countries like the United States, China, Australia, Japan, Singapore, Egypt, Israel and South Africa celebrated the day with hoisting of the national flag and singing of patriotic songs.
Vistara reported a passenger load factor of 45.4 per cent.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
'Like Nehru, too, Modi has found dealing with Beijing more and more difficult and has adopted an increasingly assertive approach towards managing India's northern neighbour.'
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