inconsistent weather impacts tea production in India
Coonoor – uncertain weather, insufficient rains and high temperatures this summer have impacted tea production in India, as evident from 18 million kg (average) lower yield during the first six months of 2014. “Changing weather pattern in north India, especially in the eastern states... read more »
Japan seeks exemption from MAT for its cos in India
Japan has asked India to “at once” exempt Japanese manufacturers operating in India from withholding and Minimum Alternate Tax (MAT). Minister, Embassy of Japan, Isomata Akio, on Thursday, asked for this country-specific concession. He said he was raising the demand in view of Japan’s... read more »
CCI pentalty: impact on OEMs may not be indicative
The quantum of penalty imposed on 14 passenger vehicle (PV) firms in the country by Competition Commission of India (CCI) is unlikely to have a significant credit implication on most of the leading OEMs, pointed out a report of rating agency Icra. Although vehicle OEMs (original equipment... read more »
Adani to begin coal mine development in Australia
The Australian government in July had cleared the proposed $15 b Carmichael coal mine project of Adani Mining Keen on expanding business, Australian Prime Minister Tony Abott on Friday said an Indian conglomerate was all set to embark on Australia’s largest ever coal development to illuminate... read more »
