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Indian
Cairn wins freeze on India state assets in Paris in bid to recover tax damages
“There have been news reports that Cairn Energy has seized/ frozen State owned property of Government of India in Paris. However, Govt. of India has not received any notice , order or communication , in this regard, from any French Court.Government has already filed an application on March 22, 2021 to set aside the December 2020 international arbitral award in The Hague Court of Appeal. Government of India will vigorously defend its case in set aside proceedings at The Hague,” said a statement by the Government of India..
A French tribunal ordered the freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn, the London-listed firm said.
Cairn said it has also registered similar claims against India in courts in the United States, Britain, the Netherlands, Singapore and Quebec.
India invites UK companies to invest in insurance sector
The Dialogue saw government-to-government discussions to strengthen cooperation on four key themes: Gujarat International Finance Tec (GIFT) City; banking and payments; insurance, and; capital markets. It was led by senior officials from the UK Treasury and the Indian Ministry of Finance, with participation from independent British and Indian regulatory agencies, BHC said.
Yamuna pollution: Rs 12 cr fine imposed on 12 CETPs for not meeting wastewater standards
Untreated wastewater and poor quality of effluent discharged from CETPs and sewage treatment plants is the major reason behind pollution in the river in Delhi, according to experts. These 12 CETPs are in industrial areas in Jhilmil, Badli, Mayapuri, Mangolpuri, Nangloi, Okhla, Narela, Bawana, Naraina, GTK Road, Keshav Puram. These CETPs do not comply with the requisite standards with respect to biological oxygen (30 mg/litre), total dissolved solid (2,100 mg/l), sulphate (1,000 mg/l), Sulphide (2 mg/l) etc.
India expects 3-4 mln Pfizer, Moderna vaccine doses through COVAX by August- sources
Experts have said India needs to administer 10 million doses a day to achieve its aim of immunising all adults by December. It administered about 4 million doses a day in the week to July 2. Apart from Moderna and Pfizer, India has also been courting Johnson & Johnson for vaccine supplies. J&J has already signed a manufacturing agreement with India’s Biological E. Ltd though production has yet to start.
International
India becomes investment darling for sovereign wealth, pension funds
“Almost every jurisdiction in the western world is raising the bar for entry for foreign investors but in India it’s the other way round. There’s also the attraction of the demographics and a lot of assets that sovereign funds like, such as infrastructure, where there’s a huge appetite for foreign funding.”
Tesla’s Autopilot System Confuses Drivers About Extent of Automation: Safety Report
US approves, then cancels, Iran strikes after drone shot down: Report
May 2019 was the 4th hottest on record for the globe
The period from January through May produced a global temperature 1.67 degrees F above the 20th-century average of 55.5 degrees F, making it the third-hottest year to date on record. Record-breaking heat affected parts of the southern half of Africa; Australia; southeastern Brazil; northern North America; Asia; parts of the southern oceans; the Barents Sea; and areas of the North Pacific Ocean.
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