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Cairn India has indemnity from Cairn Energy on Rs 20,000 tax levy: Anil Agarwal

2016-04-11 04:14:01| Energy - Topix.net

Explaining the tax notice to Cairn India when the capital gains were allegedly made by its erstwhile promoter, Cairn Energy, Vedanta's Agarwal said "the government probably as a precaution got to us." Cairn India has full indemnity from its former promoter Cairn Energy of UK against levy of any tax for past deeds, including the two-year old Rs 20,495 crore retrospective tax demand, its new owner Anil Agarwal has said.

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Telenor mulls India exit

2016-04-11 02:00:00| Total Telecom industry news

Sources say Norwegian operator looking to raise as much as US$1.8 billion for Indian business.

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Toshiba to set up rail systems equipment facility in Hyderabad, India

2016-04-11 01:00:00| Railway Technology

Toshiba is planning to build a new production facility for electrical equipment for railway systems in Hyderabad, India, in order to expand its commitment to the country.

Tags: set systems equipment india

 

India: Endangered Olive Ridleys sea turtles likely to skip mass nesting owing to sweltering heatwave

2016-04-11 00:48:00| Climate Ark Climate Change & Global Warming Newsfeed

News Nation: According to the authorities, 139 artificial nests have been arranged in the three rookeries set up at Sangameswaram, lighthouse area, and Jinkapalem of Nagayalanka mandal as part of the in situ conservation method. As the mass nesting of the Olive Ridley turtles may not happen this year. Climate change is not only affecting human habitation but a major impact is also being felt on animals and other earthly creatures. Due to the ongoing massive heat wave, rise in temperature and shrinking of the...

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Monsoon failure & climate change not only triggers for acute distress in rural India

2016-04-10 01:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Economic Times: Re-curring drought conditions in many parts of India are leading to starvation and distress migration. Rural poor are the worst victims of crop failure, compounded by a slump in construction activities and non-availability of work in the MGNREGA rural employment scheme. However, drought cannot be blamed entirely on monsoon failure or on climate change; a flawed agricultural policy is a bigger causative factor in the collapse of farm and dairy production in semi-arid regions. The policy approach...

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