27 special corridors across the country for safe passage of elephants, Snow Leopard, Great Indian Bustard and other endangered animals could soon become a reality.A Supreme Court bench of Chief Justice J S Khehar and Justice D Y Chandrachud directed the Centre to consider the suggestion of ecologist Vidya Athreya in this regard.“These are valuable suggestions we must say. Consider them after taking the help of experts”, the bench told . Additional Solicitor General Pinky Anand.Anand said the government would file an counter affidavit after consulting experts.“Take time as much as you want…but you must reply”, the bench then told Anand.SC had earlier sought the Centre’s response on a PIL seeking measures, including framing of a national policy, to save endangered species like the Great Indian Bustard and the snow leopard. WHAT PIL SAIDThe petitioners had told the court that species like Great Indian Bustards, snow leopards and wolves were … [Read more...] about 27 Corridors For Safe Passage Of Endangered Animals May Become A Reality
Nuvasive to acquire safe passage
Share Tweet Plus One Pin It Email Print By: P.V Dinesh December 19, 2018 3:24 pm Change Font Size Recently, on 26th November 2018, the Corporate Affairs Secretary Mr.Injeti Srinivas informed the country that out of the 9,000 cases filed before the National Company Law Tribunal (NCLT), 4,400 cases have been disposed of, leading to a recovery of approximately Rs.71,000 crores. The total bad debts assessed so far that is owed to the public sector banks in India amounts to Ten Lakh Crores of Rupees. As per the report published by the Insolvency and Bankruptcy Board of India(“IBBI”),in respect of the 32 companies which are stated to have been resolved in insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (“IBC”), there is a recovery of Rs.49,783 crores which amounts to 56 % recovery. The balance, i.e., Rs.39,619 crores is written off, which would otherwise have been payable by these 32 companies. In the case of the 136 … [Read more...] about Insolvency Proceedings – Safe Passage for Defaulters?
On December 30, 2013, the Internal Revenue Service (IRS) issued Revenue Procedure 2014-12, which provides the requirements under which the IRS will not challenge a partnership’s allocations of Internal Revenue Code (Code) Section 47 rehabilitation tax credits to its partners (Safe Harbor) for all allocations made by a partnership on or after December 30, 2013 (or made prior to December 30, 2013 for those existing partnerships already satisfying the Safe Harbor). The Safe Harbor is a response to the U.S. Court of Appeals for the 3rd Circuit decision in Historic Boardwalk Hall, LLC v. Comm’r , 694 F.3d 425 (3d Cir. 2012)(Historic Boardwalk ). As discussed below, in Historic Boardwalk , the Third Circuit disallowed a partnership’s allocation of rehabilitation tax credits because the purported partner did not have a meaningful stake in the economic realities of the partnership. In light of this decision, investors in rehabilitation tax credit eligible projects and other … [Read more...] about Safe Harbors for Rehabilitation Tax Credits
The Treasury Department has issued guidance in the form of two new “Frequently Asked Questions” addressing when transferees or purchasers of renewable energy property will qualify for the 5 percent safe harbor for beginning construction under the grant in lieu of investment credit program.The U.S. Department of the Treasury has issued two new “Frequently Asked Questions” (Ownership FAQ) addressing when transferees or purchasers of renewable energy property (or entities owning renewable energy property) will be deemed to have “stepped into the shoes” of the prior owner for purposes of the 5 percent safe harbor under the grant in lieu of investment credits pursuant to Section 1603 of the American Recovery and Reinvestment Tax Act of 2009 (Grant). The Grant enables renewable energy projects to receive cash payments equal to 30 percent of the project’s qualifying cost basis in lieu of investment tax credits. In order for a renewable … [Read more...] about Treasury Clarifies 5 Percent Safe Harbor Ownership Guidelines for Section 1603 Grants for Renewable Energy Projects
Officials in the European Union (EU) and United States have been scrambling to replace the U.S.-EU Safe Harbor – the data privacy accord – for the past four months. Now, more details have emerged about the new tentative agreement, dubbed the EU-U.S. Privacy Shield, and they are shaking things up. Any American company doing or considering doing business in Europe or collecting data from European citizens must now assess whether and how to legally comply with requirements relating to the transfer of data from the EU to the U.S. in this unsettled interim. Unfortunately, the answers are far from clear.The U.S.-EU Safe Harbor previously provided a mechanism for companies to legally transfer personal information collected in Europe about European citizens to the U.S. while certifying that the information would be protected at the highest levels required by the EU’s Data Protection Directive. As covered in a previous alert, the Safe Harbor was invalidated as a means of legal … [Read more...] about EU-U.S. Privacy Shield Set to Replace Safe Harbor: Smooth Sailing or Rough Waters Ahead?