‘Voda’s rep no longer at possibility of role off investments in Vi’

‘Voda’s rep no longer at possibility of role off investments in Vi’

SynopsisVodafone Group Plc on Friday won a decade-long battle in the Permanent Court of Arbitration in The Hague against the Indian tax department’s demand of Rs 20,000 crore, stemming from its entry into the country in 2007.AgenciesKOLKATA: Vodafone Group Plc’s win in the international arbitration against India in a retrospective tax case does not change…

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‘India will doubtless be an export hub for Bombardier’

‘India will doubtless be an export hub for Bombardier’

Danny Di PernaSynopsisFor years, the Indian engineering input has been growing, not only in the railway division but also in aerospace. Our RRTS project is going to be enabled from local content with our design engineering expertise in India, asserted Danny Di Perna. India can certainly be as competitive an export base for rolling stock…

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India may also fair supply Sri Lanka $50 mn defence LoC

India may also fair supply Sri Lanka $50 mn defence LoC

SynopsisSri Lanka could become the second country in India’s neighbourhood to receive defence-related LoCs. India is working with Bangladesh to implement a $500 mn LoC offered a few years back. Among the key elements of the current Indo-Lankan military cooperation, almost 50% of all foreign military training slots in India are allocated to Lankan personnel.APEver…

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Glimpse: ​​RBI’s original MPC needs to live versatile

Glimpse: ​​RBI’s original MPC needs to live versatile

SynopsisThe presence of myriad supply constraints, both temporary and permanent, often means that there are periodic spurts in some prices that pushes up headline inflation. These supply problems could show up in items as diverse as onions and healthcare. Flexibility must remain the cornerstone of the new framework. By Abheek BaruaReserve Bank of India (RBI)…

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Court lets in ‘accused’ Saxena to skedaddle back and forth to Ireland

Court lets in ‘accused’ Saxena to skedaddle back and forth to Ireland

SynopsisThe Enforcement Directorate, which is also investigating the alleged bribery case over a 2010 agreement to buy 12 AW101 helicopters from AgustaWestland for Rs 3,600 crore, opposed Saxena’s plea, expressing apprehension that he might not return to India if allowed to travel abroad.Getty ImagesNEW DELHI: A local court has permitted Rajiv Saxena, an accused-turned-approver in…

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Watch: With out a sign of ending below-constructing India must rethink constructing spree

Watch: With out a sign of ending below-constructing India must rethink constructing spree

A Japanese friend of mine once asked, ‘As an architect, aren’t you lucky to be living in a country with so much construction happening all the time?’ It barely needed reflecting that in fact it was he who was fortunate to be living in a country that was fully developed with finished buildings and highways,…

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Gaze: Farm regulations to bring extra freedom, and higher prices

Gaze: Farm regulations to bring extra freedom, and higher prices

SynopsisSurveys show 42% of farmers want to move out of it. Between 1970-71 and 2015-16, the number of farms more than doubled from 71 million to 145 million while the average farm size more than halved from 2.28 hectares to 1.08. The main solution lies in moving people out of agriculture into manufacturing and services.…

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Extinct Union Minister, BJP leader Jaswant Singh no extra

Extinct Union Minister, BJP leader Jaswant Singh no extra

SynopsisHe held the defence, external affairs and finance portfolios in Vajpayee government’s different ministries from 1996-2004.Former Union Minister Jaswant Singh passes away at 82, PM Modi extends condolencesFormer Union minister Jaswant Singh, a close associate of ex-prime minister Atal Bihari Vajpayee, died here on Sunday following a long spell of illness. He was 82. Prime…

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Western worldwide locations rebuke China at UNHRC over human rights violations in Xinjiang, Hong Kong

Western worldwide locations rebuke China at UNHRC over human rights violations in Xinjiang, Hong Kong

GENEVA: Amid the growing concerns over ongoing human rights violation in Xinjiang and Hong Kong, the Western countries together slammed China and called for the restoration of the basic legal rights in the two regions. Speaking during the 45th session of the United Nations Human Rights Council (UNHRC) on Friday (local time), John Fisher of…

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Economic disruption to discourage Reserve Financial institution from quantifying FY21 advise forecast, command consultants

Economic disruption to discourage Reserve Financial institution from quantifying FY21 advise forecast, command consultants

SynopsisThe existing legislations mandate the RBI to come out with a growth and inflation forecast twice in an interval of six-months in the monetary policy report.Getty ImagesNEW DELHI: The dynamic economic upheaval unleashed by Covid-19 pandemic might hinder the Reserve Bank of India (RBI) from giving a pin-pointed growth as well as inflation forecast in…

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