China has long coveted Arunachal Pradesh, which it calls Southern Tibet. But, as Venkataraghavan Subha Srinivasan explains, in 1947, the present state of Arunachal Pradesh constituted the North East Frontier Tract of Assam. When India adopted its Constitution on 26 January 1950, NEFT became 'a separate politico-administrative entity' although it was constitutionally still a part of Assam. Its administration was brought directly under the President of India with the Governor of Assam acting as his agent. A revealing excerpt from his book The Origin Story of India's States.
India is in the process of filing an appeal against an arbitration panel asking it to return $1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident to address them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework. India is in the process of filing an appeal in the Cairn's arbitration award case, they said, adding in this case, it was well within India's sovereign powers to redress the situation of Double Non-Taxation and tax abuse. Cairn chief executive Simon Thomson had last month met the then finance secretary Ajay Bhushan Pandey to discuss the arbitration award.
Social media giant Facebook is planning to rebrand the company with a new name next week. As per The Verge, the company is planning to change its name to reflect its focus on building the metaverse, according to a source with direct knowledge of the matter. The name change, which CEO Mark Zuckerberg plans to talk about at the company's annual Connect conference on October 28, but could unveil sooner, is meant to signal the tech giant's ambition to be known for more than social media and all the ills that entail.
Tamil Nadu's voters wanted tough leaders at the helm, to the point of being autocratic. It was what Karunanidhi, MGR and Jayalalithaa ended up becoming, observes N Sathiya Moorthy.
The country's largest software services firm Tata Consultancy Services on Monday opened the fourth-quarter earnings season with a stellar set of numbers, crossing the Rs 50,000 crore revenue mark for the first time and earning a net income of Rs 9,926 crore, registering a growth of 7.4 per cent year-on-year. The company said its revenue jumped 15.8 per cent to Rs 50,591 crore in the reporting quarter on an annualised basis. Many analysts were expecting the Tata group flagship to report over Rs 10,000 crore of net income and revenue to cross the Rs 50,000 crore mark this quarter.
Parliament will now meet on March 8 for the second part of the Budget session.
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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.
The tearing hurry to form theatre commands has to be replaced by a balanced and deliberate approach. We need to accept that this process will take time if executed correctly and in the best interests of the Indian armed forces, argues Commodore Venugopal Menon (retd).
Having known Vice Admiral Hari Kumar personally and professionally, Commodore Venugopal Menon (retd) wishedshim a fantastic tenure as Chief of the Naval Staff. Under his command may the Indian Navy grow in all dimensions as the nation strive to establish itself as a credible sea power in future.
'Facilitating conversion of well-run NBFCs into banks is urgently needed.'
In his speech during the Army day parade, he also said that there has been 44 per cent increase in ceasefire violations that reflects Pakistan's sinister design.
'At any point did you find out why Sheena had not disclosed her true relationship with Indrani?' Rahul: 'Sheena had told me as her grandparents were dependent on Indrani financially (and if she told the truth) her grandparents would suffer.' 'She had slapped Sheena the night before which she was very not happy about.'
Indrani was spiritedly telegraphing details of the jewellery from the back of the court...
Johnson's longstanding policy chief Munira Mirza, chief of staff Dan Rosenfield, principal private secretary Martin Reynolds, and communications director Jack Doyle all left their posts within hours of each other on Thursday, days after a damning investigation revealed that multiple parties took place at Downing Street while the rest of the United Kingdom was living under strict COVID-19 lockdown rules.
Replying to a discussion on the Jammu and Kashmir Reorganisation (Amendment) Bill, he also slammed some Opposition members for their claim that the proposed law negates the hopes of the region getting back its erstwhile statehood.
A senior company executive said the company waited for seven years for the verdict and its shareholders needed to know when it would be concluded.
The two junior staffers went out of the high commission in a vehicle for official duty at around 8:30 am (IST), but did not reach their destination. The Indian embassy has taken up the matter with the Pakistan Foreign Office, and sent a preliminary report to New Delhi, the sources said.
The Parliament had earlier this week given its nod to the legislation for bifurcating the state, a bold and far-reaching decision that seeks to redraw the map and future of a region at the center of a protracted militancy movement.
The incumbent Congress could win only 18 seats, with Chief Minister Charanjit Singh Channi losing both seats he contested -- Chamkaur Sahib as well as Bhadaur.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
The report published in the gazettes of India appeared in local newspapers on Monday and showed that Habba Kadal seat in Kashmir division and Suchetgarh seat in Jammu province had been restored.
With the Lok Sabha passing the reorganisation bill, Kalvakuntla Chandrasekhar Rao now finds himself at the brink of a new history. Prashanth Chintala reports
Most of the changes have come about in the last four years and ITC is now reaping the dividends - standalone revenues from the non-cigarettes FMCG business have grown 40 per cent from FY17 to Rs 14,728.21 crore in FY21 and pre-tax profits 30 times to Rs 823.69 crore. The business accounted for 30.58 per cent of gross revenues and 4.85 per cent of pre-tax profits in FY21. "In the last four years, our margins in FMCG have gone up by 640 basis points (bps) and EBITDA margins have been moving up consistently. "We created levers that enabled a sustained growth trajectory," said ITC chairman and managing director Sanjiv Puri. Puri took charge as the chief executive officer in 2017; in 2018, he was redesignated managing director and effective May 2019, he became chairman.
The manner in which assembly seats were distirbuted among Jammu, Kashmir and Ladakh so far, has ensured that residents of the Valley rule the state forever, says Sanjeev Nayyar.
The return of around 6,000 paramilitary personnel to Jammu and Kashmir after election duty elsewhere has triggered large scale rumours, ranging from further bifurcation of the union territory to announcement of elections after realigning districts, for the last three days.
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Cairn Energy and Air India have jointly asked a New York federal court to stay further proceedings in the British firm's US lawsuit targeting the airline for enforcement of a $1.2-billion arbitral award. The move follows the government enacting a law to scrap retrospective taxation in the country, which in effect will result in withdrawal of the Rs 10,247 crore tax demand on Cairn, according to court documents reviewed by PTI. The British company had won an international arbitration award against levy of such taxes and sought to take over Air India assets when the government refused to honour the award and pay it $1.2 billion-plus interest and penalty.
The Act says the Legislative Assembly of the UT of Jammu and Kashmir may make laws for the whole or any part of the Union Territory with respect to any of the matters enumerated in the state list of the Constitution except the subjects mentioned in entries one and two -- 'public order' and 'police' respectively -- or the Concurrent List in the Seventh Schedule of the Constitution.
The government on Tuesday confirmed that a French court has ordered the freezing of certain Indian assets in Paris on a petition by Britain's Cairn Energy, which is seeking to recover $1.72 billion from New Delhi after winning an arbitration against retro tax. Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy. "Yes sir, an order has been passed by a French Court freezing certain Indian government properties in the case pertaining to Cairn Energy," he said.
The veteran politician, who has been chief minister of the erstwhile state three times as well as union minister, also said the time has come for the opposition parties to come together and fight the forces who are bent on destroying the secular fabric of the country.
LIC identifies the problems well, but what the markets will watch is how nimble it is with the solutions.
The session will begin with the address of the President to the joint sitting of the two Houses on Friday morning followed by the presentation of the Union Budget on February 1.
Addressing a joint press conference in Guwahati, Assam Chief Minister Himanta Biswa Sarma and his Meghalaya counterpart Conrad Sangma said border committees set up earlier to hammer out solutions will submit their reports by November 30.
In the petition, Waheed-ur-Rehman Parra's counsel Shariq Reyaz submitted that his client was investigated for the same offences by the National Investigation Agency (NIA) as well as the Counter Intelligence (Kashmir) wing of Jammu and Kashmir Police separately, which is in violation of laid down norms under the Code of Criminal Procedure.
However, the government's draft policy on e-commerce companies has forced consumer companies to also adapt to the changes. For Dabur India, e-commerce channel continues to be a key driver of growth in urban India. The contribution of online sales to its entire portfolio is at six per cent compared to 1.5 per cent before the pandemic.
The TDP supremo said he had not contacted any party yet but given the 'TDP's credibility' they were supporting the no-trust motion.
Prime Minister Narendra Modi is likely to chair a meeting with all political parties from Jammu and Kashmir on June 24 as part of the Centre's initiatives to bolster political processes, including holding assembly elections, in the union territory, officials said in New Delhi.
The Karnataka legislative assembly on Monday passed a unanimous resolution condemning the recent defacing of Shivaji Maharaj and Sangolli Rayanna's statues and burning of Kannada flag, and said such incidents will be considered as an act of sedition and strict action will be taken against those involved under 'Goonda Act.'
The inauguration of the state-of-the-art infrastructure surrounding the historic Kashi Vishwanath Temple near the iconic Dashashwamedh Ghat comes ahead of the assembly polls in Uttar Pradesh early next year.
The fresh batch of diplomats also includes EU representatives, and their participation assumes significance as the EU Parliament recently initiated to bring a joint draft resolution on the Citizenship Amendment Act and Kashmir, the vote on which was later deferred.
