What the UK is getting out of the Serum Institute is what India is losing. And the responsibility of the Indian State ought to have been to dictate where Serum Institute's vaccine doses should go, argues Ambassador M K Bhadrakumar.
British MPs voted in favour of the European Union (Notification of Withdrawal) Bill after two days of debate by a majority of 384-498 votes in favour to 114 against.
'One cannot avoid speculating whether there was something else at play that led to the uncovering of this saga.'
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
Vijay Mallya is accused of money laundering and violating the FEMA.
Usain Bolt and his Jamaican team mates who won the 4 x 100m relay at the 2008 Beijing Games have been told by the country's Olympic Association to return their gold medals following Nesta Carter's failed drug test.
'The ability for players of any nationality to enter tournaments based on merit, and without discrimination, is fundamental to our Tour.'
He was chargesheeted for the offences punishable under section 120-B
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".
As part of their deal Diageo agreed to pay Mallya, $75 million for stepping down as chairman of United Spirits and for entering into a non-compete pact
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
After Air India, Britain's Cairn Energy PLC plans to target assets of state-owned firms and banks in countries from the US to Singapore as it looks to ramp up efforts to recover the amount due from the Indian government after winning an arbitration against levy of retrospective taxes. A lawyer representing the company said Cairn will bring lawsuits in several countries to make state-owned firms liable to pay the $1.2 billion plus interest and penalties that are due from the Indian government. Last month, Cairn brought a lawsuit in the US District Court for the Southern District of New York pleading that Air India is controlled by the Indian government so much that they are 'alter egos' and the airline should be held liable for the arbitration award.
Goa Children's Court Judge Vandana Tendulkar acquitted Samson D'Souza and Placido Carvalho of all the charges in the eight-year-long high profile death case.
The apex court directed Mallya, who is currently in the United Kingdom, to appear before it on July 10 to argue on the quantum of punishment in the matter.
India is believed to have challenged in a court in The Hague an arbitration tribunal verdict that overturned its demand for Rs 10,247 crore in back taxes from Cairn Energy Plc -- the second time in three months that it has refused to accept an international award against retrospective tax.
'Just because a subject is uncomfortable for some and doesn't suit their political ideology, should a film not be made?'
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
When the IAF veterans' bail petition came up for hearing, in an unprecedented move, senior serving and retired Air Marshals and Air Vice Marshals rallied behind the accused officers and appeared before the court to give sureties for each, something that has never happened ever before.
Aseem Chhabra highlights 10 films that moved him, films that may show up in theatres near you.
Most political leaders in Punjab have come out in the open to oppose him, unlike the early 1980s when political leaders were scared of speaking against Bhindranwale, observes Sudhir Bisht.
Now, the Delhi high court will hear the matter on January 18.
The central probe agency issued a provisional order under the Prevention of Money Laundering Act for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi's Jorbagh. A cottage and house in Somerset in the UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the agency said.
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.
A Division Bench comprising Justice Pradeep Nandrajog and Justic P K Bahsin also called all the relevant documents to be submitted in the court.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
During the course of the hearing last month, it emerged that Modi had made death threats to witnesses and also attempted to destroy evidence such as mobile phones and a server holding "material critical to the fraud".
British lawmakers will debate the issue of press freedom and safety of protesters in India next Monday in response to an e-petition which had crossed the 100,000-signature threshold required for such a debate, the House of Commons Petitions Committee confirmed on Wednesday.
Jayalalithaa was the third chief minister in Tamil Nadu to die in office, after her mentor M G Ramachandran (1987) and before that his mentor C N Annadurai (1969). The state government should have evolved protocols for the medical care of the incumbent, and institutional memory should have guided the government and officials in the matter, points out N Sathiya Moorthy.
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.
Speaking to reporters Mallya said, "It will all become clear in court".
A three-member Bench of the court ruled that the order by the Department of Health regarding employment of doctors on the High-Skilled Migrant Programme was not lawful, after a 16-month-long legal battle led by the British Association of Physicians of Indian Origin.
An Indian-origin conman was on Wednesday found guilty of murdering a millionaire oil executive in her central London flat to fund his gambling habits. Rakesh Bhayani from Wembley in north-west London was convicted at the Old Bailey court in London for the murder of Carole Waugh, who had disappeared from her Marylebone flat in May 2012.
Once such a notice is issued against a fugitive, the Interpol asks its 192-member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.
Amber Heard has won part of her libel case against Johnny Depp. The jury has awarded her $2 million in damages.
Jaishankar said the world has experienced its consequences in terms of higher costs and shortages of foodgrains and fertilizers and fuel.
An Indian trio -- a solicitor and his two wives -- have been jailed in London for their alleged involvement in the biggest ever visa scam in the United Kingdom. A city court on Wednesday sentenced Jatinder Kumar Sharma, 44, and his second wife Rakhi Shahi, 31, for seven and eight years respectively for running a fraud firm called Univisas, where they helped hundreds of immigrants apply for visas using bogus documents and false identities.
A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's dues -- Rs 5,000 crore as principal and Rs 1,200 crore as interest -- was payable. Mallya claims that out of the sum due, Rs 3,000 crore had already been recovered by the claimants.
The bribes were paid by several international companies, including Errostaal of Germany and India's Tata as part of Abacha's 'system of systematic corruption, according to the Swiss sentencing order, a copy of which FT claims to have obtained.
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