The ministry said it was an anti-abuse provision amid growing instances of NRIs shifting their stay in low or no-tax jurisdiction to avoid tax payment in India.
The amendments give committee of creditors of a loan defaulting company explicit authority over the distribution of proceeds in the resolution process and fixes a firm timeline of 330 days for resolving cases referred to the IBC.
Olympic swimming star Michael Phelps, unbeknownst to the world, competed at the 2016 Summer Games in Brazil as a married man, having quietly wed his fiance, former Miss California Nicole Johnson, weeks earlier, court records made public on Thursday showed. Phelps and Johnson, both 31, tied the knot in Paradise Valley, Arizona, on June 13, but have not publicly announced the nuptials, the Arizona Republic newspaper reported, citing a marriage document the paper published on its website. Phelps revealed the couple's engagement in February 2015.
No other spinner headed into the World Cup with a burden of expectation heavier than the one on Rashid Khan's shoulders. But seven matches into the tournament and the poster boy of Afghan cricket is buckling under the weight.
Corms of Saffron, the world's costliest spice are these days in full bloom in the highlands of Pampore, a town 14 kilometres south of capital Srinagar. Mukhtar Ahmed reports.
She took a solo trip and had the best time!
Gisele Bundchen and American football ace hubby Tom Brady as it has been rumored that the duo have been through lot of arguments.
'But India, increasingly, is not that far behind, which is a story I never expected to tell.'
It's on a private island in the Maldives.
The wickets in India might be considered a spinner's paradise but Australian fast bowler Peter Siddle feels his team's chances of winning the upcoming Test series there would depend on how well its pacers perform on the dustbowls.
With the stakes so high, neither side is wasting any opportunity to get an edge.
With its shores being devoured by sinkholes, the Dead Sea would soon disappear right before your eyes.
For India to expect that Pakistan Interior Minister Rehman Malik and his police will act against the ISI-protected Lashkar-e-Tayiba is to live in a fool's paradise, says security expert B Raman
Images from Day 1 of the second Test between Australia and India, at the Melbourne Cricket Ground, on Saturday.
We are asking you, our readers to vote for the best travel destination in the country. Tell us!
We are asking you, our readers to vote for the best travel destination in the country. Tell us!
At present, the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, covers only resident Indians. The Finance Bill has expanded the definition of assessees to include NRIs.
What have your favourite celebrities posted on social media?
Actress Amrita Arora and husband Shakeel Ladak welcomed their second baby -- a boy -- on October 20.
The world's largest coffee chain is opening the largest Starbucks in the world in the Windy City of Chicago on November 15. Starbucks Reserve Roastery Chicago, the company's sixth and final Reserve Roastery, housed inside Crate & Barrel's former flagship location on Michigan Avenue is 35,000 square feet large and five floors high. And we have got to say that it's a paradise for coffee lovers!
Here are glimpses into the lives of Kashmiris, who live in a place described as paradise on earth.
Microsoft top boss Satya Nadella feels the increase in productivity has come at the price of burning the 'social capital' built up by companies over very many years, observes ad guru Sandeep Goyal.
The top posts on social media from your favourite Bollywood celebrities.
Read on to find out if your favourite destination made it to the list!
Akhtar Shaikh participated in Rider Mania joining hundreds of Enfield riders on a trip to India's beach paradise -- Goa. He shares his experiences with us.
A little charm from the debuting actors and Notebook would actually be worthy of note.
Images from Day 1 of the third Test between India and England, at the Narendra Modi stadium in Ahmedabad.
Rediff reader Gargi Biswas shared her pics of winged visitors.
These gals have set the temperature in the house soaring.
Do not splurge your annual bonus or luxuries. Instead plan how you can optimise it to meet your long-term goals.
Planning on taking a trip soon or just making a list of places to visit in the near future? You might want to consider these.
Australia's number one tennis player Bernard Tomic says he is being harassed by a policeman after being stopped for dangerous driving, or 'hooning' in local parlance, in Queensland at the weekend.
We had asked our readers to mail us photos of their Ganesha. We received many entries, some of which are being showcased here.
'India has a genius called Mahendra Singh Dhoni in the team. He is the brain of cricket in the team. He understands the game so well and has experience of leading India in two WC wins. His experience will be vital for captain and coach and he can be their trump card'
It's a relief to see less of hero-overtones and more soft numbers.
The death toll climbed to 20,642, the updated data at 8 am showed. Amid surging cases, the health ministry said it has roped in specialist doctors from the AIIMS here to provide expert guidance and knowledge support on COVID-19 to doctors manning ICUs in state hospitals, in an effort to reduce the fatality rate.
In these times of Rs 2,000 notes and digital payment apps, Syed Firdaus Ashraf tries to book tickets for Dear Zindagi.
Only James Anderson, Muttiah Muralitharan and Imran Khan have taken more Test wickets against India, earning Nathan Lyon significant praise from Indian great Sachin Tendulkar.
We all know Miss Venezuela Stefania Fernandez bagged the crown at the Miss Universe Pageant 2009 yesterday. Here's a look at the newly-minted beauty queen and the competition's runners up.
Almost all culverts and small bridges in the district along with roads and irrigation facilities and micro-hydel projects have been badly damaged.
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