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Centre trashes reports of forex withdrawal from PSBs to dodge Cairn seizure

The government has not asked any state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure with regard to the Cairn legal dispute, the Ministry of Finance clarified on Sunday.
Government of India is vigorously defending its case in this legal dispute. It is a fact that the government has filed an application on March 22, 2021 to set aside the highly flawed December 2020 international arbitral award in The Hague Court of Appeal, it said.
The government further said it is committed to pursuing all legal avenues to defend its case in this dispute worldwide.
India has been ordered to return over $1.2 billion to Cairn Energy Plc after it lost arbitration proceedings in a tax dispute. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interest, to Cairn. ....

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Govt strongly condemns false reporting on Cairn legal dispute

New Delhi [India], May 23 (ANI): The Government of India (GOI) has strongly condemned the false reporting in certain media by "some vested interests" claiming that the Centre has purportedly asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure of such accounts with regard to the Cairn legal dispute. ....

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Centre condemns false reporting on Cairn legal dispute

Centre condemns false reporting on Cairn legal dispute
ANI
23 May 2021, 21:55 GMT+10
New Delhi [India], May 23 (ANI): The Government of India (GOI) has strongly condemned the false reporting in certain media by some vested interests claiming that the Centre has purportedly asked state-owned banks to withdraw funds from foreign currency accounts abroad in anticipation of the potential seizure of such accounts with regard to the Cairn legal dispute.
Condemning all such source-based reports as false, the GOI in a statement said that these are totally incorrect reports which were not based on true facts. Certain vested parties appear to have orchestrated such misleading reporting, which often relies upon unnamed sources and presents a lopsided picture of factual and legal developments in the case. ....

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Air India May Be Alter Ego of GOI But US Courts Ought Not To Trespass Into Indian Judiciary's Territory

Air India May Be Alter Ego of GOI But US Courts Ought Not To Trespass Into Indian Judiciary's Territory
swarajyamag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swarajyamag.com Daily Mail and Mail on Sunday newspapers.

New York , United States , United Kingdom , Cairn Energy , Pakistan International Airlines , York Court , Supreme Court , Air India , Cairn Energy Plc , Income Tax Department , United Kingdom India Bilateral Investment Treaty , Double Non Taxation , New York Court , Commissioner Appeals , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது கிஂக்டம் , கெய்ன் ஆற்றல் , பாக்கிஸ்தான் சர்வதேச விமான நிறுவனங்கள் , யார்க் நீதிமன்றம் , உச்ச நீதிமன்றம் , அேக இந்தியா , கெய்ன் ஆற்றல் ப்ல் , வருமானம் வரி துறை , இரட்டை அல்லாத வரிவிதிப்பு , புதியது யார்க் நீதிமன்றம் ,

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.

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