The sweeping agreement was struck Friday among 136 countries after talks overseen by the Organization for Economic Cooperation and Development.
A bone of contention since it was passed in 2012, the retro tax has spooked investors for years.
Ashwani Mahajan, co-convenor of RSS-affiliate Swadeshi Jagaran Manch (SJM), termed the government’s move to scrap retrospective taxation as a ‘relief to thieves.’
The bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
Congress General Secretary and AICC in-charge of Uttar Pradesh (UP) Priyanka Gandhi speaks during 'Pratigya rally', ahead of UP Assembly elections 2022, in Moradabad.PTI Photo
A metro train runs on a railway track amid low visibility due to a cloudy weather, during the winter season in Ghaziabad.PTI Photo
India's Pusarla V. Sindhu competes against Germany's Yvonne Li during their women's singles badminton group stage match at the BWF World Tour Finals in Nusa Dua, Bali, Indonesia.AP/PTI
Traditional musicians perform during celebrations for the UAE 50th National Day, at the EXPO 2020 Dubai, in Dubai, United Arab Emirates.AP/PTI
A thick layer of haze over city skyline on a cold winter day in Mumbai.PTI Photo/Shashank Parade
Every act of dissent is an art. Of pain and pathos. Of hope and new dawn. It’s their story. It’s everyone’s story.
Dissent is less about material gains than the intangibles they leave us with.
For India’s manual scavengers, mere existence is a protest, because they need to fight just to reclaim their humanity and dignity.
While everyone is going gaga over actress Katrina Kaif in the revamped version of 'Tip Tip Barsa Pani', the replacement of Raveena Tandon does point towards the problem of sexism and ageism in the Indian film industry
Australia winning the T20 World Cup for the first time has been timely as they host the next edition at their own backyard in 2022.
As per the Observer Research Foundation, close to 250 million children in India were adversely affected due to school closures due to the early lockdowns imposed by the government in response to Covid-19.
India's cricket administrators showed more drive to boost BCCI's coffers rather than take care of players' welfare during pandemic times.