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Business Live: Shares fall as financials drag, inflation hits three-month high; Centre to propose cryptocurrency ban, penalising miners, traders

Business Live: Shares fall as financials drag, inflation hits three-month high; Centre to propose cryptocurrency ban, penalising miners, traders
thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.

India decides to fight Cairn arbitration decision

India decides to fight Cairn arbitration decision
internationaltaxreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationaltaxreview.com Daily Mail and Mail on Sunday newspapers.

India in process of filing appeal against Cairn arbitration award: Report

India is in the process of filing an appeal against an arbitration panel asking it to return USD 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.

Tenure of CBDT chairman extended for three more months

Tenure of CBDT chairman extended for three more months Updated: Updated: February 28, 2021 22:14 IST This is the third extension granted to P.C. Mody, a 1982 batch Income Tax cadre officer IRS Share Article P.C. Mody, Chairman of CBDT. File   | Photo Credit: twitter.com/ @IncomeTaxIndia This is the third extension granted to P.C. Mody, a 1982 batch Income Tax cadre officer IRS The Centre on Sunday extended the tenure of P.C. Mody, Chairman of CBDT, for three months effective from March 1 till May 31. This is the third extension granted to Mr. Mody, a 1982 batch Income Tax cadre officer of Indian Revenue Service (IRS). Earlier, his tenure was extended by six months in last August and before that for one year in August 2019.

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