27
Monday
May 2019
5:26 PM IST
News Headlines
PM visits Gujarat, post grand electoral triumph        CBI summons ex-Kolkata police chief, asks him to appear before it on Monday        Irani''s aide shot dead in Amethi; FIR lodged against 5 persons        Former Thai PM Prem Tinsulanonda dies at 98        Trump downplays North Korea launches on Japan visit        Imran Khan speaks to PM Modi, expresses desire to work together: FO        Fifth-seeded Kerber stunned in French Open opening round        No need to press panic button yet, says Tendulkar after India''s loss to NZ in warm-up game        World Cup Munich: Chandela clinches gold in 10m air rifle        Twenty-four killed in Afghanistan floods        New Zealand beat India by six wickets in warm-up match        President appoints Modi as Prime Minister        Modi asks NDA MPs to work without discrimination, reach out to minorities        Day after BJP''s massive victory, all eyes now on govt formation        Cong-JDS cabinet reposes faith in Kumaramaswamy after dismal show in LS polls        Surat: 19 students die as fire engulfs commercial complex        Britain''s Brexit-beaten Theresa May announces resignation, to step down on June 7        Two more Indian mountaineers die on Mount Everest, toll of Indians rises to 8        Nadal, Federer set up potential semifinal at Roland Garros        India, New Zealand seek tune-up in warm-up clash        
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Kerala News
Rafale deal: Govt dismisses tax waiver report as ''mischievous''
 
New Delhi: The Defence ministry on Saturday clarified that any connections drawn between the tax issue and the Rafale matter is "totally inaccurate, tendentious and a mischievous attempt to disinform". The Ministry was responding to a French daily''s report that the France government waived taxes worth 143.7 million euros owed by a local subsidiary of Anil Ambani''s Reliance Global Comm Limited in 2015, around the same time when India was negotiating the Rafale aircraft deal. Reliance Atlantic Flag France was investigated by French tax authorities and found liable to pay 60 million euros in taxes for the period 2007 to 2010.

After another investigation for the period 2010 to 2012, they were asked for an additional tax demand of 91 million euros in taxes. In a statement, the Defence ministry said, "We have seen reports drawing conjectural connection between tax exemption to a private company and procurement of Rafale fighter jets by the Government of India. Neither the period of the tax concession, nor the subject matter of the concession relate even remotely to the Rafale procurement concluded during the tenure of the present Government." Meanwhile, Anil Ambani''s firm Reliance Communication denied any favouritism or gain from tax settlement. "During the period under consideration by the French Tax Authorities - 2008-2012, which is nearly 10 years ago, Flag France had an operating loss of Rs 20 crore (Euro 2.7 million).

French tax authorities had raised a tax demand of over Rs 1100 crore for the same period. As per the French tax settlement process as per law, a mutual settlement agreement was signed to pay Rs 56 crore as a final settlement," the company said in a statement.


Rahul elected from Wayanad LS seat
LS polls candidate attacked in Kerala
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
Elephant to undergo medical test for Thrissur 'pooram'
Telangana CM calls on Kerala CM
LS Election: Kerala records 77.15 pc turnout
Kerala CM condemns terrorist attack in Sri Lanka
Sexist remark: Electoral Officer warns ruling LDF leader
CPI-M-led LDF holds road show in Wayanad
Toddler in coma after being beaten up; Mother arrested
Rahul Gandhi visits kin of late KC(M) leader KM Mani
Kerala prays as ambulance rushes 15-day-old infant from
My Tweets are often misinterpreted, say Sasi Tharoor MP
Former Additional Chief Secretary D. Babu Paul passes away
Former CS D. Babu Paul suffers heart attack
Tharoor hasn't filed any complaint on campaigning: Oommen Chandy
Traffic regulations at Pala
Traffic regulations at Kottayam
K.M. Mani's last rites to be held on Thursday
ENTERTAINMENT NEWS
Cate Blanchett, Yvonne Strahovski to star in 'Stateless'
 Los Angeles: Cate Blanchett is set to feature in Australian TV psychological drama "Stateless".
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I am not going to get into politics: George Clooney
India moots tax breaks, refunds for foreign film units
To attack Vidyasagar is to attack Bangla language: Mahesh Bhatt
INTERNATIONAL NEWS
Former Thai PM Prem Tinsulanonda dies at 98
 Bangkok: Thailand''s former prime minister Prem Tinsulanonda died at the age of 98 on Sunday, accord
Trump downplays North Korea launches on Japan visit
Imran Khan speaks to PM Modi, expresses desire to work together: FO
Twenty-four killed in Afghanistan floods
NATIONAL NEWS
CBI summons ex-Kolkata police chief, asks him to appear before it on Monday
 New Delhi: The CBI has summoned former Kolkata police commissioner Rajeev Kumar, asking him to appea
Irani''s aide shot dead in Amethi; FIR lodged against 5 persons
President appoints Modi as Prime Minister
Day after BJP''s massive victory, all eyes now on govt formation
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