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Emulated operating systems or video games often encounter slowdown, latency, and bugs youвЂ™d never have encountered with the original devices.

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There are always inherent compromises and complexities involved in getting your current hardware to run software it was never designed to handle. But thereвЂ™s only so much traditional emulators can do.

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ItвЂ™s a huge field that often involves a ton of people working on a technically challenging feat: how to write software that lets one computer run code that was written for another. If youвЂ™ve ever wanted to use computer software or hardware that is no longer available for sale, youвЂ™ve probably run into emulation before. From old arcade boards to early PCs to vintage consoles, MiSTer developers are devoted to helping it turn into an ever-expanding range of hardware. ItвЂ™s a shapeshifting wonderbox that can change its own logic to make itself run like countless other machines as accurately as possible. A French court in July paved the way for Cairn to seize real estate belonging to the Indian government in Paris.ДЄll these litigations will now be dropped, sources added.Although I assembled it myself, and its software all comes from an open-source DIY project, in many ways my MiSTer is the most versatile computer I own. The government initially refused to honour the award, forcing Cairn to identify USD 70 billion of Indian assets from the US to Singapore to enforce the ruling, including taking flag carrier Air India Ltd to a US court in May.

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This totalled USD 1.2 billion, plus interest and penalty. The international arbitration tribunal in December overturned a levy of Rs 10,247 crore in taxes on a 2006 reorganisation of CairnвЂ™s India prior to its listing, and asked the Indian government to return the value of shares seized and sold, dividend confiscated and tax refund withheld. India issued Cairn with tax claims six years ago, and in December 2020 the company won an international arbitration against such demands. The 2012 legislation was used to levy a cumulative of Rs 1.10 lakh crore of tax on 17 entities, including UK telecom giant Vodafone, but nearly 98 per cent of the Rs 8,100 crore recovered in enforcing such a demand was only from Cairn. The August legislation cancelled a 2012 policy that gave the tax department power to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India. Subsequent to this, the government last month notified rules that when adhered to will lead to the Centre withdrawing tax demands raised using the 2012 retrospective tax law and any tax collected in the enforcement of such demand being paid back.ДЇor this, companies were required to indemnify the Indian government against future claims and withdraw any pending legal proceedings.Д¬airn on November 3 had stated that it has вЂњentered into undertakings with the Government of India in order to participate in the scheme introduced by recent Indian legislation, the Taxation Laws (Amendment) Bill 2021, allowing the refund of taxes previously collected from Cairn in India.вЂќД¬airnвЂ™s undertaking furnished in Form No.1 under the rule 11UE(1) of the amended law have been accepted by the Principal Commissioner for Income Tax, the sources said. Of this, Rs 7,900 crore is due only to Cairn. Seeking to repair IndiaвЂ™s damaged reputation as an investment destination, the government in August enacted new legislation to drop Rs 1.1 lakh crore in outstanding claims against multinationals such as telecom group Vodafone, a pharmaceuticals company Sanofi and brewer SABMiller, now owned by AB InBev, and Cairn.ДЄbout Rs 8,100 crore collected from companies under the scrapped tax provision are to be refunded if the firms agreed to drop outstanding litigation, including claims for interest and penalties. While a Cairn spokesperson did not immediately respond to requests for comments, a senior finance ministry official confirmed the government accepted the companyвЂ™s undertakings.

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