It also said that there is a need to improve investor confidence about the surrounding ecosystem in the country to attract more FDI inflows.
Amidst a diplomatic row with India, Italy has said it is on solid legal ground in seeking international arbitration in the case of the Italian marines charged with killing two Indian fishermen.
The manner in which India has allowed the rule of law to be subverted for over eight years is tragic, notes former additional solicitor general of India Bishwajit Bhattacharyya.
GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
The government has signed Bippas with 72 nations.
A state-run Chinese newspaper on Wednesdy included India among the nations which supported China's stand on the strategic South China Sea after Beijing rejected the verdict of a United Nations-backed tribunal that struck down the Communist giant's claims of "historical rights" in the disputed area.
A bench comprising Justices A R Dave, Kurian Joseph and Amitava Roy asked the Italian authority to give an undertaking to abide by the conditions under which Latorre was allowed to leave India.
Facing arbitration claims by Daiichi Sankyo, Ranbaxy's former Indian promoters - Malvinder Mohan Singh, his brother Shivinder Mohan Singh and family - are counting on certain clauses in the share purchase agreement (SPA) signed with the Japanese company on June 11, 2008, to claim immunity from damages.
Trump, addressing reporters at the UN on Wednesday, said he has had "very productive conversations" with leaders of India and Pakistan on the margins of the UN General Assembly. "With respect to Pakistan and India, we talked about Kashmir. Whatever help I can be, I said, I offered, whether it's arbitration or mediation or whatever it has to be."
Russian athletes will file a class action suit against a ban imposed by the International Association of Athletics Federations.
Manchester City will attempt to overturn their two-year UEFA ban from European football when a three-day hearing at the Court of Arbitration for Sport in Switzerland begins on Monday. European soccer's governing body UEFA ruled in February that City had committed serious breaches of Financial Fair Play (FFP) regulations and failed to cooperate with its investigation, handing them a ban and a 30 million euro (24.9 million pounds) fine.
Real Madrid have won a small victory in their dispute with FIFA over the illegal signing of under-age foreigners after the Court of Arbitration for Sport (CAS) temporarily lifted its ban on appeal.
Kalanithi Maran claims deal with Ajay Singh is dead; SpiceJet spokesperson says Maran's claims are baseless and false
American sprinter Sha'Carri Richardson, expected to be one of the biggest draws at the Tokyo Olympics, will miss the 100 metres at the Games after accepting a one-month ban for testing positive for cannabis during her US trials victory in June.
The comments came in the backdrop of the continuing standoff between the militaries of India and China at the LAC.
Firm to continue to press ahead with arbitration challenging new law on the tax, will seek $1 bn in damages
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Earlier this year, Jennifer Lopez and Shakira took the honors in a halftime show of girl power and Latina strength. Previous performers have included Lady Gaga, Katy Perry, Prince and the Rolling Stones.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
After a month long legal battle, the cash-strapped Deccan Chargers on Saturday lost its status as an IPL team after the Bombay High Court stayed the order of Arbitrator for maintaining status quo on the matter till further hearing.
The mediation between the warring co-managing partners of India's largest law firm Amarchand Mangaldas, brothers Cyril and Shardul Shroff, was accepted by the Bombay high court on Wednesday. According to the terms of the arbitral award, the brothers have agreed to 'split and bifurcate into separate entities independently carrying on the profession of law'.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
The lawsuit alleged the Mumbai-based company duped hundreds of dealers and walked away with more than $60 million in cash and trade secrets, a release posted on PR Newswire website stated.
World 100 metres champion Christian Coleman will miss next year's Tokyo Olympics after being banned for two years for breaching whereabouts rules, the Athletics Integrity Unit (AIU) said on Tuesday.
The government has finalised the details of a task force on Indus Water Treaty, which will be formed within one week, with the aim to stop river waters going waste in Pakistan.
With an epic battle of billionaires for supremacy in one of the world's most prolific markets and a pandemic-propelled surge in online shopping in the background, India's nearly trillion-dollar retail market is hoping to touch 85 per cent of the pre-COVID business in the first half of the New Year. In a year when the COVID-19 carnage ripped apart the retail business, circa 2020 will best go down for the unravelling of the war between Jeff Bezos, the world's wealthiest man, and richest Indian Mukesh Ambani for pre-eminence in the booming market that is estimated to reach $1.3 trillion by 2025. It all started with Ambani's Reliance Industries agreeing in August to buy assets of the nation's second-largest retailer for Rs 24,713 crore, just a year after Bezos' Amazon purchased an indirect stake in the indebted Future Retail.
RIL has slapped an arbitration notice challenging oil ministry's decision to take away 814 square kilometer of its eastern offshore KG-D6 area that contained five gas discoveries.
In a setback for China, an international arbitration court ruled that it has jurisdiction to hear some territorial claims the Philippines has filed against it over disputed areas in the South China Sea, a ruling rejected by China as null and void.
A controversy broke out on Sunday over Justice Sikri getting a government offer last year for a post-retirement assignment at the London-based Commonwealth Secretariat Arbitral Tribunal (CSAT), three days after his vote, as a representative of CJI Ranjan Gogoi on the panel, helped decide the removal of Verma as CBI director.
Reliance Industries has accused CAG of exceeding its brief in the audit of spending on eastern offshore KG-D6 block saying hindsight is being used to question operational decisions taken 8 years back.
United States President Donald Trump remarks on Monday that Prime Minister Narendra Modi sought his mediation on the Kashmir issue will "damage" the Indo-US relations, ex-diplomats said.
The BCCI, on the other hand, has been asked to pay 40 per cent of the administrative costs and expenses of the DRC. The judgement did not specify the exact amount that was claimed by the Indian Board.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
As Tata and DoCoMo look for out-of-court settlement, here's a blow-by-blow account of the long legal tussle
If there is one thing that still riles Manchester City manager Pep Guardiola, it is the suggestion that his English Premier League success is down to money. After City were cleared of breaking UEFA's Financial Fair Play rules by the Court of Arbitration for Sport, which overturned the club's two-year European ban, the Spaniard was in a fiery mood as he railed against the idea that cash was behind the club's two Premier League titles.
Guardiola also took aim at Spanish league president Javier Tebas, a long standing critic of City, who had questioned whether CAS was the right court for deciding such matters.
While reserving the verdict, the apex court had said that the pricing details of Rafale jets could only be discussed after it decides on whether to make it public.
While government/PSU procedures focus on piece meal & individual tenders taken on standalone basis, avoiding delays and cost of not doing things becomes a primary consideration in PSC procurement
Speed skating - Swings wins mass start, brings first Belgian Winter gold in 74 years.
