I-T seeks Rs 30k cr penalty from Cairn for non-payment of tax

New Delhi: The Income Tax Department has slapped a fresh notice on British firm Cairn Energy, seeking up to Rs 30,700 crore in penalties for its alleged failure to pay Rs 10,247 crore capital gains tax on time. Within weeks of tax tribunal ITAT upholding levy of retrospective tax, the Income Tax Department first sent a fresh demand note of Rs 10,247 crore and another show cause notice asking as to why penalty should not be levied for its failure in paying tax on time and filing of returns.


Domestic air passenger traffic up by 15%

Mumbai : The deceleration in the domestic air traffic growth continues for the second consecutive month this year with the demand for travel going up nearly 15 per cent to 90.45 lakh in March. The local airlines had flown 78.72 lakh passengers in March 2016. After posting over 20 per cent growth in domestic passenger market for the 13 consecutive months till January this year, the demand  air travel dropped to 15.77 per cent in February.


RDEL gets lenders’ approval to exit CDR

New Delhi: Reliance Defence and Engineering (RDEL) has secured nod from a consortium of lenders to exit its corporate debt restructuring package.The consortium of lenders, led by IDBI, has agreed to the exit plan of RDEL, a subsidiary of Reliance Infrastructure, with a longer maturity period for loans worth about Rs 6,800 crore, sources said. The lenders have also given their go-ahead to implementation of refinancing scheme of RDEL.



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Woman vandalises soothsayer’s stall over wrong death prediction

11 Mar 2018 | PTI | Beijing

An elderly woman in China on Saturday vandalised the stall of a fortune teller who wrongly predicted her death, according to a media report. The fortune-teller told the 70-year-old womanin Mianyang in southwestern Sichuan province in March last year that she would not live to see 2018...

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Ajay Singh urges State Chief EC to probe irregularities in polls

17 Mar 2018 | Staff Reporter | Bhopal

Leader of the Opposition in the State Assembly Ajay Singh and Pradesh Congress Committee (MPCC) president Arun Yadav on Friday called on Chief Election Commissioner OP Rawat and urged him to get investigated the matter related to large scale irregularities in the electoral rolls in Madhya Pradesh. The two requested the CEC to get the matter investigated before the assembly elections in Madhya Pradesh, scheduled in November, 2018...

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