'If Asia does become a Chinese dominated space, it will not only be because India failed to get its economic act together but also because it did not stand up for its democratic credentials,' warns Shyam Saran, the former foreign secretary.
'As long as the government owns the banks, bankers will follow signals from politicians as to how to lend.' 'State-owned banks will remain State-owned banks as long as the current dispensation is in power -- and certainly there will be no change if the other chaps get in,' says Mihir S Sharma.
Penalties for undisclosed foreign income and assets extend up to 300%.
While an import duty is ruled out, a small excise duty on jewellery manufacturing can be on the cards.
The agency has stated in detail in the charge sheet how funds of about Rs 400 crore were moved abroad in alleged violation of rules.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
Kingfisher House is one of the prime real estates of the airline.
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
The ED, it is understood, wants to grill Vadra about the operations of a firm -- Ms Skylight Hospitality Private Limited -- allegedly linked to him, which had purchased land in the area.
Compliance window for those with undisclosed income abroad to come clean by paying 30 per cent tax and 30 per cent penalty
'Should the government be in the business of running banks?' 'Particularly when it does not have the fiscal strength to continuously infuse capital into such banks?'
The Enforcement Directorate, probing money laundering charges against Himachal Pradesh Chief Minister Virbhadra Singh and his family members, on Tuesday recorded the statement of his wife Pratibha Singh
Taxation is a growing concern across the world, across our jurisdictions.
Deepak Narang, executive director of United Bank of India, speaks on Vijay Mallya's 'wilful defaulter' status.
It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
A spokesperson said Sahara group is not into business with Trinity.
To safeguard investors of firms listed on non-operational bourses, market regulator Sebi on Monday allowed such companies to raise capital through preferential allotment route to meet listing requirements.
The officials said her statement was also recorded under the Prevention of Money Laundering Act.
The ED had recently conducted raids against her and her husband in connection with a Rs 8,000 crore money laundering case.
The government, on its part, is seeking to counter the opposition's offensive by bringing the Fugitive Economic Offenders Bill.
Such measures are expected to further enhance the protection of investors in the securities market
The apex court also put forth questions why loans were given to Mallya when he was a defaulter.
Senior advocate Kapil Sibal, representing Roy, said it was quite difficult to raise money as the properties have already been attached.
The high court also took note of Khattar's statement on Friday in which he blamed anti-social elements for the violence, which also spilled over into neighbouring Punjab, Rajasthan and Delhi.
Salil Dhawan reveals the MFs that have not only performed well in the past but have a promising outlook for the future too.
'Civil matters like loan recovery are being connected with criminal allegations, without any basis.'
Keki Mistry, vice chairman and CEO, HDFC tells Joydeep Ghosh and Chirag Madia that unlike some other players it never went for excesses and never took unreasonable risks.
This is one of the major corporate frauds in the country.
The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
Lalu's daughter was grilled by the ED on Tuesday for about eight hours.
Naomi Osaka is hogging the headlines for all the right reasons in her native land after she became the first Japanese player to reach a Grand Slam singles final, with one major newspaper hailing her as "a new heroine Japan can be proud of".
Banks are seeking an order that Mallya should appear in person before the court.
Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
Ahead of the pronouncement of the sentence, police have left nothing to chance and have taken important functionaries of the sect, who could gather followers, into preventive custody.
KPS Menon (Jr) had a quiet humility and playfulness, and was not motivated by money or power, recalls Ambassador M K Bhadrakumar.
At present, Sebi norms bar wilful defaulters from issuing convertible debt instruments.
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Indian households put bulk of savings in bank deposits and insurance; the returns are minimal. If you're part of this, change.
India's new tax policy which makes it mandatory to disclose foreign is not so common in developed countries.
This move will enable it to incur higher-than-mandated borrowing, and possibly spending, till the 2024 Lok Sabha election cycle.
Cairn said it had initiated arbitration.
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