The income and profits shown by various BBC group entities are "not commensurate" with the scale of their operations in India and tax has not been paid on certain remittances by its foreign entities, the income tax authorities said Friday, a day after they ended a three-day-long survey operation against the British media organisation.
During his three-day UK visit until Tuesday, Modi is listed to address the COP26 summit with a national statement about India's climate action plan in the afternoon session on Monday, ahead of Australian Prime Minister Scott Morrison and Pakistan Prime Minister Imran Khan.
India has chosen to count itself in that centre, a choice that clearly unhinges it from the South. It is also a choice, the consequences of which will be difficult to undo, going forward.
In an open letter to Prime Minister Manmohan Singh and to Union Commerce Minister Anand Sharma, the industry body has outlined its view on the climate change negotiations based on Indian industry's feedback and called for the prime minister to urge the developed world to provide technology transfer and funds to help mitigate the crisis.
A senior government functionary claimed on Thursday that the average estimated cost of MQ-9B long endurance drones for India would be 27 per cent lower than the price incurred by other countries which have bought it from the US, asserting that it will most likely go further down during negotiations unless India seeks additional features.
The Supreme Court on Friday extended by two weeks the protection from coercive action it has granted to four members of the Editors Guild of India (EGI) in connection with two first information reports (FIRs) lodged against them in Manipur for allegedly promoting enmity between different groups.
"An absolutely clear imperative is that developed countries walk the talk on green house gas reductions. Developing countries are playing a part in the international action on mitigation, especially through the flexibility mechanisms of the Kyoto Protocol," the top Indian delegate said.
Describing sustainable development as one of the biggest challenges faced by the world, Prime Minister Manmohan Singh said a lot of cooperative work was needed to transform it from a mere buzz word to an operational strategy for development. Singh said that unfortunately, international community has not lived up to its commitments on technology transfer and additional financing since the 1992 Rio Conference, also known as the Earth Summit.
Although the pact would focus mainly on the Pacific and the South China Sea region, any action designed to deter China with or without New Delhi's active participation is a welcome move, notes Commodore Venugopal Menon (retd).
India and Russia on Monday decided to extend the tenure of an inter-governmental commission for military cooperation by another 10 years to 2020. The two sides inched closer to resolving the Gorshkov aircraft carrier price and T-90 tanks technology transfer issues. New Delhi and Moscow also decided to form an apex body headed by the defence secretaries of the two countries to coordinate the operation of several working groups for military cooperation.
The firm has already signed a technology transfer deal with SemIndia, which is setting up a fab plant near Hyderabad
'When a Project Director is appointed, the whole organization -- including the Chairman ISRO -- works for his success. It is a lesson that has been of abiding value all through the other projects I have worked on,' recalls the late President, one of the earliest pioneers at ISRO.
The surprise action comes weeks after the broadcaster aired a two-part documentary on the 2002 Gujarat riots and India.
In the pipeline are 123 naval multi-role helicopters, 111 naval utility helicopters and 6 submarines.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
The 10.5 billion-euro Italian oil major ENI is entering the Indian lubricants market through a technology transfer agreement with a Mumbai-based firm to manufacture and sell various products.
Parliamentary Affairs Minister Prahlad Joshi has said that 31 bills will be taken up in the monsoon session. Among these include the Digital Personal Data Protection Bill, 2023.
Among the technologies, German technology is superior in submarine and heavy artillery guns.
In a boost to the sagging defence relationship between India and Russia, the two nations on Friday signed a contract for supply of 80 MI-17V-5 medium lift helicopters for the Indian Air Force. Valued at $1 billion, the agreement between the two sides comes at a time when New Delhi and Moscow are squabbling over several defence related deals signed earlier.
Leading global defence planners and financial managers on Monday said India would continue to be a major arms purchaser, but needed to streamline arms spending and procedures to catch up with new trends.
The six 1,500-ton submarines, being bought from France, will be armed with French-made Exocet anti-ship missiles.
Exim Bank of India Chairman and Managing Director T C Venkat Subramanian revealed that the bank has good exposure in highly export-intensive sectors. The bank has seen considerable increase in loan approvals and profit after tax. It provides financing both in foreign currency and Indian rupees. The bank will push exports from rural areas and explore untapped areas. Subramanian believes microfinancing model was ideal for villages as it reaches the indigenous rural people.
Indian small and medium enterprises (SMEs) are set to go global with opportunities flowing in from all corners. After SMEs from Germany and the UK, the US has expressed willingness to invest and explore possibilities of technology transfer to Indian SMEs.
India will also buy specialised armaments worth $ 29 million for special forces to enhance its counter-terrorism capabilities.
There is little appetite among combat aircraft engine makers to share the IP that results from a co-creation project. But Rolls-Royce is willing to walk the Aatmanirbhar talk.
Friday's mission is the fourth operational flight of LVM3 which aims to launch the Chandrayaan-3 spacecraft into a Geo Transfer Orbit.
India's sprawling digital public infrastructure received a glowing endorsement from billionaire philanthropist Bill Gates on Wednesday as he praised the country's "great" digital network, reliable and low-cost connectivity, and said this will be the cheapest 5G market. Under the G20 presidency of India, a session on 'Building resilient and inclusive economies- the Promise of Digital Public Infrastructure' was held on Wednesday in New Delhi, where the Microsoft co-founder spoke of India's digital identity Aadhaar, its payment infrastructure, and rapid strides that the country has taken in bringing more people into formal banking system. "India in particular, by laying the groundwork for digital public infrastucture starting with identity system, allows people to build on top of that.
One should use the mobile with needed discipline, advises Dr Karthiyayini Mahadevan.
The year 2007 did not turn out to be much different than 2006 in that much of the time was spent on figuring out whether Washington and New Delhi will come to terms with the so-called 123 Agreement that would formalise the Henry J Hyde Peaceful Atomic Energy Cooperation Act that the President George W Bush signed into law in the closing days of 2006.
The government has asked industry to provide a list of Chinese suppliers that would like to shift some capacity to India provided they are willing to set up JVs with Indian companies.
Around $200 million worth of deposits of Indian start-ups have been withdrawn from Silicon Valley Bank (SVB), which was taken over by US banking regulators last week after it collapsed, and moved to the Gujarat International Finance Tec-City (GIFT City) IFSC, Rajeev Chandrasekhar, minister of state (MoS) for electronics and information technology said on Thursday. "It turns out that there was over a billion dollars of deposits of Indian start-ups in SVB. "The existential, solvency crisis that was there six-seven days ago has become much more manageable, even the short-term liquidity crisis is being addressed as the bank allows access to deposits," the minister said while speaking at Lenovo's Tech World India Edition event.
'China will continue to play Pakistan against India to achieve complete superiority. But China at best is a regional power, we must not exaggerate its capabilities,' says nuclear analyst Dr R R Subramanian.
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