Search Results for: Vodafone Idea

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India does not qualify for UNSC permanent membership: Pak Foreign Ministry

Islamabad, Jan 30 (ANI): Pakistan said given its track record of human rights violation in Indian-administered Kashmir, India does not qualify for the permanent membership of the United Nations Security Council (UNSC). Reacting on US President Barack Obama’s approval for India bring permanent member of the United Nations Security Council, Pakistan Foreign Ministry Spokesperson Tasnim Aslam said the issue of Security Council Reform is of vital national importance for all the United Nations Member States. However, she said, a reformed Security Council should reflect interests of the wider UN membership, and in Pakistan’s view, “the idea of new permanent members creates new centers of power and privileges, and could make the UNSC even more undemocratic.” Aslam expressed concern over the continual rise of India’s defence budget, and its “massive acquisition of conventional weapons.” Jan 30, 2015
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India needs 'predictable' tax regime, says Jayant Sinha

New Delhi, Jan 29 (ANI): India needs a 'simple, predictable and fair' tax regime to restore foreign investor confidence, said Minister of State for Finance Jayant Sinha on Thursday. On Wednesday, the Bombay High Court dismissed a tax notice amounting to Rs 3,200 crore sent against Vodafone, ruling that there is no taxable income on share premium received on the issue of shares. After the ruling, the Centre decided to not appeal against the judgement, however stressing that while many cases are currently sub-judice, every case has to be looked at differently. Jan 29, 2015
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Government not to appeal Vodafone tax ruling

New Delhi, Jan 29 (ANI): The central government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided in a move aimed at boosting investor confidence in Asia's third-largest economy. Vodafone, the biggest foreign corporate investor in India, has been involved in a series of tax disputes since it entered the country seven years ago. In one such case, India's tax office had accused a unit of the British group of under-pricing shares in a rights issue to its parent company and demanded tax of about 30 billion rupees. The Bombay High Court had in October ruled in favour of Vodafone, and later the attorney general had recommended the government to refrain from appealing that ruling at the Supreme Court. Communications and IT Minister Ravi Shankar Prasad said the decision was in direction to assure investors of a fair and just Indian government. Jan 29, 2015
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