Source: The Indian Express Relevance: This article explains government actions to boost investor confidence Synopsis: Along with the taxation Laws (Amendment) Bill, India has taken many steps to boost investor confidence. Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill, 2021, in Parliament. The bill seeks to nullify the contentious retrospective tax law by amending the Income Tax (IT)… Continue reading The repeal of the retrospective tax shows Modi government means business on reforms
Tag: important international institutions
PM Modi outlines five-point framework for maritime security debate at UNSC
Source : The Hindu, Indian express, Mint, Times of India What is the news? Prime Minister Narendra Modi chaired a debate on maritime security at UNSC. 5 Principle Framework from India– Indian PM laid down the framework: Removal of barriers to maritime trade: First framework called for removal of barriers to maritime trade, in this… Continue reading PM Modi outlines five-point framework for maritime security debate at UNSC
The sovereign right to tax is not absolute
Source: The Hindu and Livemint Relevance: This article explains India’s sovereign right to tax and its limitations Synopsis: India has a sovereign right to tax, but that right is subject to certain limitations. Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill, 2021, in Parliament. The bill seeks to nullify the contentious retrospective tax law by amending… Continue reading The sovereign right to tax is not absolute
The SC’s Amazon ruling upholds the doctrine of party autonomy
Source: Livemint Relevance: To understand the recent SC ruling and extension of the Indian Arbitration Act 1996. Synopsis: The SC order in Amazon’s case has answered two important judicial questions. What is the background of the event? Read here: Emergency arbitration award is applicable: Amazon wins in Supreme Court What is the story so far?… Continue reading The SC’s Amazon ruling upholds the doctrine of party autonomy
Securing the Indian ocean
Source: Indian express Relevance: Strengthening maritime security Synopsis: Maintaining and strengthening maritime security is a key concern for India. With an open debate on the issue in UNSC, India has a chance to showcase that maritime security requires a multi-dimensional and multi-stakeholder approach. Context India has convened an open debate of the UN Security Council… Continue reading Securing the Indian ocean
U.N creates permanent body to address challenges of racism
Source: The Hindu What is the News? The United Nations General Assembly has approved a resolution establishing a Permanent Forum of People of African Descent. About Permanent Forum of People of African Descent: The Permanent Forum of People of African Descent will serve as a platform for improving the safety and quality of life and… Continue reading U.N creates permanent body to address challenges of racism
Emergency arbitration award is applicable: Amazon wins in Supreme Court
Source: Times of India, Indian Express and The Hindu Introduction: Recently, the Supreme Court has ruled in favour of e-commerce giant Amazon against the merger deal between Future Retail Limited (FRL) and Reliance Retail. The Supreme Court also upheld the interim award of the Emergency Arbitrator of the Singapore International Arbitration Centre (SIAC). What is the… Continue reading Emergency arbitration award is applicable: Amazon wins in Supreme Court
Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
Source: The Hindu, The Indian Express and Times of India Relevance: This article explains issues with the 2012 amendment which provide retrospective taxation and the challenges with the recent bill. Synopsis: Delayed reset on retrospective tax is only the first step to regaining investor confidence Introduction: The government has recently introduced the Taxation Laws (Amendment) Bill,… Continue reading Does bill scrapping retro tax go far enough? Worries are the no interest clause, later I-T interpretation
An opportunity for India to pitch for holistic maritime security
Source: Indian Express Relevance: India’s role in steering the debate on maritime peace and security at UNSC. Synopsis: India undertakes the rotating Presidency of the UN Security Council. India has an opportunity to ensure that the global debate on maritime peace and security is approached more holistically, rather than focussing just on the security aspect… Continue reading An opportunity for India to pitch for holistic maritime security
Biden govt. non-committal on support for India’s UNSC bid
Source: The Hindu What is The News? While the U.S. has in the past backed India’s bid for a permanent seat at the United Nations Security Council (UNSC), the Biden administration has remained non-committal on the issue. US opinion on the issue U.S. has offered a qualified support for building a consensus for enlargement of… Continue reading Biden govt. non-committal on support for India’s UNSC bid
