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Uncertainty over consortium agreements
It is quite common these days that foreign companies take up turnkey projects in India in association with other companies. For this purpose, quite frequently, foreign companies enter into a joint venture (JV) or a consortium agreement. The Income-tax Department generally considers that such joint venture or consortium agreements result in formation of an association of persons (AOP) in India. Further,

Ban welcomes talks between Sudan, South Sudan
UN Secretary-General Ban Ki-moon on Thursday welcomed the announcement of the Governments of Sudan and South Sudan to resume talks in Addis Ababa, Ethiopia, next week, under the auspices of the African Union High Level Implementation Panel.

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T S Vishwanath: Trading on infotech

The World Trade Organisation (WTO) celebrated 15 years of the Information Technology Agreement (ITA) this year. This agreement has been a matter of deep discussion among analysts. However, it is a

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Tapi agreement set to expand India's gas basket

India on Wednesday signed the gas sale purchase agreement (GSPA) for the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline, which upon completion would diversify its gas basket. With

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Airlift takes home South Sudanese from Sudan: UN
So far, some 4,200 of the estimated 12,000 South Sudanese who were stranded at a river port in Sudan for months awaiting transportation back to their country have been flown to Juba, in South Sudan, in an ongoing airlift, a senior United Nations official said on Monday.

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Gold jewellery imports may attract 4% countervailing duty

The finance ministry is considering levying four per cent countervailing duty (CVD) to protect the domestic gold jewellery industry from the glut of ready-made ornament imports through Thailand.

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