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Govt weighs legal options after losing Vodafone tax arbitration case
Finance Ministry sources said the government will decide on challenging the award before a court in Singapore – which was the seat of the arbitration, after taking legal opinion.While the cost implication in the case is limited to having to pay Rs 85 crore to Vodafone in legal cost, what is weighing on the government mind is a separate arbitration involving UK’s Cairn Energy plc.
India seeks up to 500 million coronavirus vaccine doses by July
“There is a high-level expert body going into all aspects of vaccines,” Vardhan wrote on Twitter. “Our rough estimate and the target would be to receive and utilise 400 to 500 million doses covering (200 million-250 million) people by July 2021.”
Serum Institute of India and private companies have been teaming up with organizations from the Bill & Melinda Gates Foundation to U.S. drug developer Novavax Inc in a scramble to secure vaccines for the country of 1.3 billion people.
16 to be interviewed on Oct 9 for selecting 2 IRDA members
Among other candidates who have been short- listed for the member, distribution are Girija Kumar, former CMD, Oriental Insurnace Company, Suresh Mathur, executive director, IRDAI, Randeep Singh, chief general manage,IRDAI Girish Radhakrishnan, CMD, United India Insurance, DTV Sastri,former general manger,UII
FPIs turn net sellers after 3 months in Sep; pull out Rs 3,419 cr
FPIs had been net buyers in Indian markets in the three straight months to August. They had invested Rs 46,532 crore in August, Rs 3,301 crore in July and Rs 24,053 crore in June on net basis.
“FPIs have turned cautious ahead of the US Presidential election. Also, renewed fears of re-emergence and surge in coronavirus cases across countries have raised concerns about the possibility of fresh lockdowns being imposed in infected regions,” said Himanshu Srivastava, associate director – manager research, Morningstar India.
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