Latest news with #Jamnagar-based
India.com
3 days ago
- General
- India.com
Mukesh Ambani and Nita Ambani's son Anant Ambani gets a new guest, it will live in...
Mukesh Ambani and Nita Ambani's son Anant Ambani- File image New guest has arrived at Anant Ambani's house: In a significant development for the Ambani family and more specifically Anant Ambani, the Bombay High Court approved the relocation of Mahadevi, an ailing elephant currently in Kolhapur, to the Radhe Krishna Elephant Welfare Trust, a specialised elephant care centre in Jamnagar. Notably, the Radhe Krishna Elephant Welfare Trust, supported by Anant Ambani's Vantara initiative, is known for its dedicated care, veterinary expertise, and expansive natural enclosures. The specialised elephant care centre of Anant Ambani has been notably designed to offer long-term rehabilitation. As per a report by news agency ANI, the move comes in response to concerns raised over her health and overall well-being. Who's the new guest at Anant Ambani's Vantara? Reports presented to the court indicated that Mahadevi was suffering from severe injuries and needed a better environment to heal and thrive. After reviewing her condition and the available facilities, the High Court concluded that her best chance at healing lies in a sanctuary purpose-built for elephant care. How Mahadevi was transferred to Anant Ambani's Vantara? Invoking the parens patriae principle to safeguard the rights of the 'voiceless and hapless Mahadevi', in its ruling, the court said, 'We have considered and chosen the survival of the elephant and its right to quality life, over and above the rights of men to use the elephant.' The panel also quoted the words of Lawrence Anthony from his book 'The Elephant Whisperer' to support the argument for better treatment of the elephants. This decision marks a compassionate step toward recognising the emotional and physical needs of animals who cannot voice their suffering. With this transfer, Mahadevi is expected to receive focused treatment and the peaceful surroundings essential for her recovery. The Jamnagar-based sanctuary offers a robust ecosystem of veterinary staff, natural foraging space, and continuous care, ensuring elephants like Mahadevi are given a second chance at a dignified, comfortable life. (With inputs from agencies)
Hans India
7 days ago
- Health
- Hans India
Bombay HC Approves Transfer of Elephant Mahadevi to Gujarat Sanctuary Backed by Anant Ambani's Radhe Krishna Trust
The Bombay High Court has approved the relocation of Mahadevi, an ailing elephant currently in Kolhapur, to the Radhe Krishna Elephant Welfare Trust, a specialised elephant care centre in Jamnagar. The move comes in response to concerns raised over her health and overall well-being. The trust, supported by Anant Ambani's Vantara initiative, is known for its dedicated care, veterinary expertise, and expansive natural enclosures. Designed to offer long-term rehabilitation, the facility has been at the forefront of animal welfare in India. Reports presented to the court indicated that Mahadevi was suffering from severe injuries and needed a better environment to heal and thrive. After reviewing her condition and the available facilities, the High Court concluded that her best chance at healing lies in a sanctuary purpose-built for elephant care. _'We have considered and chosen the survival of the elephant and its right to quality life, over and above the rights of men to use the elephant,'_ the Court said in its ruling, invoking the parens patriae principle to safeguard the rights of the _'voiceless and hapless Mahadevi.'_ The panel also quoted the words of Lawrence Anthony from his book 'The Elephant Whisperer' to support the argument for better treatment of the elephants. This decision marks a compassionate step toward recognising the emotional and physical needs of animals who cannot voice their suffering. With this transfer, Mahadevi is expected to receive focused treatment and the peaceful surroundings essential for her recovery. The Jamnagar-based sanctuary offers a robust ecosystem of veterinary staff, natural foraging space, and continuous care, ensuring elephants like Mahadevi are given a second chance at a dignified, comfortable life.
The Hindu
16-07-2025
- General
- The Hindu
Gujarat's Banni Grasslands ready to host cheetahs, say officials
The Banni Grasslands in Gujarat, the largest such expanse in the Indian subcontinent and one of the 10 sites selected for cheetah rehabilitation in the country, is now fully prepared to host the big cats, officials said on Wednesday (July 16, 2025). Jaipal Singh, Principal Chief Conservator of Forests (Wildlife), Gujarat, told PTI that a breeding centre for cheetahs has been set up and efforts are underway to further enhance the prey population of chital and sambar. "We are ready with everything, including quarantine and soft release bomas [enclosures]. However, the National Tiger Conservation Authority and the Cheetah Project Steering Committee will decide when the animals will be brought here," he said. Mr. Singh said a 600-hectare enclosure has been developed, the herbivore population has been increased, and facilities such as CCTV monitoring and a dedicated veterinary centre have been established. Fences have been installed to prevent the infiltration of other large carnivores into the cheetah enclosures. Veterinarians have also been trained at Madhya Pradesh's Kuno National Park, the first site in India to host cheetahs translocated from Africa, he added. According to the plan to introduce cheetahs in the Banni Grasslands, the natural habitat preferences of cheetahs in Africa include grasslands, savannahs and scrublands, and the habitat conditions in Banni closely match these. Vantara, a Jamnagar-based rescue, conservation and rehabilitation facility of the Reliance Foundation, posted on Instagram that in collaboration with the Gujarat Forest Department, it has reintroduced spotted deer into the Banni Grasslands. "The introduction of spotted deer marks a key step in restoring ecological balance in Banni. As a committed partner, Vantara supports this effort with scientific expertise, veterinary care and technical support, working alongside the government to protect India's natural heritage," it said. Mr. Singh said the move is part of broader efforts to increase the prey population in the arid grassland landscape. Officials said that cheetahs are likely to be introduced in the Veerangana Durgavati Tiger Reserve in Madhya Pradesh before they are sent to the Bunni Grasslands. The State government officially declared Veerangana Durgavati a tiger reserve in September 2023. Located about 20 kilometres from Bhopal, it spans 2,339 square kilometres and covers parts of Narsinghpur, Sagar and Damoh districts. An NTCA team reviewed the preparations in the tiger reserve in June. Thereafter, officials said, cheetahs will be introduced into the Bunni grasslands in Gujarat's Kutch district and then in the Shahgarh Bulge region in Jaisalmer district of Rajasthan. The 10 potential sites listed in the action plan for cheetah introduction are: Guru Ghasidas National Park in Chhattisgarh; Banni grasslands in Gujarat; Dubri Wildlife Sanctuary, Sanjay National Park, Bagdara Wildlife Sanctuary, Nauradehi Wildlife Sanctuary (now Veerangana Durgavati Tiger Reserve) and Kuno National Park in Madhya Pradesh; Desert National Park and Shahgarh grasslands in Rajasthan and Kaimur Wildlife Sanctuary in Uttar Pradesh. Seventy years after cheetahs went extinct in India, the government launched the Project Cheetah to establish a sustainable population of the big cat in the country. As part of the reintroduction effort, 20 African cheetahs were brought to Kuno National Park: eight from Namibia in September 2022 and 12 from South Africa in February 2023. Eleven of them have survived, including two that were transferred to Gandhi Sagar Sanctuary in April. Since the introduction of African cheetahs, 26 cubs have been born in India, of which 17 have survived.
Mint
16-07-2025
- Business
- Mint
Tax rules for F&O, intraday, and stock trading—what you must know
How you should treat or report tax related to equity trading while filing your income tax return depends on the type of transaction—futures and options (F&O), intraday trading, or delivery-based trading. Delivery-based trading involves holding stocks beyond a single trading day and may be classified as either capital gains or business income, based on the frequency. Income from F&O and short-term delivery trades are treated as non-speculative business income, whereas intraday trades, where stocks are bought and sold within the same day, are considered speculative business income for taxation purposes. You have to declare income from F&O or intraday trades in your income tax return (ITR) whether or not you make a profit, as per the tax laws. This holds true even if you have no other income and only made losses in equity trading. Mint breaks down tax rules applicable to different trading incomes so you can smoothly report them in your ITR. Business income: F&O and delivery trades Since profits or losses from trading in F&O are treated as non-speculative business income, they must be declared in the ITR-3 form—or ITR-4 if you have opted for the presumptive taxation scheme. F&O traders are mandated to maintain books of accounts or get an audit from a chartered accountant under different conditions. If your F&O turnover exceeded ₹25 lakh in 2024-25 or if your business income in any of the previous three financial years exceeded ₹2.5 lakh, you are required to maintain a book of accounts. However, maintaining a book of accounts doesn't need a CA and can be derived from P&L statements provided by brokers. Turnover can be calculated by deducting losses from profits. But you have to mandatorily engage a CA for audit if your turnover exceeds ₹10 crore in a financial year with at least 95% of transactions being digital; else, the turnover threshold is ₹2 crore. The other condition for mandatory audit is if you prematurely exited the presumptive taxation scheme in the previous five financial years, irrespective of the turnover threshold. Not complying with audit rules can attract a penalty of up to 0.5% of turnover, capped at ₹1.5 lakh. The tax filing deadline of audit cases is 30 September. You can deduct expenses such as brokerage fees, securities transaction tax (STT), trading platform subscriptions, demat charges, depreciation on laptops or phones used, and educational tools such as paid courses that were incurred exclusively in connection with F&O trading. In delivery trading, the tax treatment depends on the nature of trading. As per experts, stock trading is to be treated as business income if it is an individual's primary work and income. However, several salaried individuals have also taken to frequent stock buying and selling. Jigar Mansatta, a Jamnagar-based chartered accountant, said as per the guidelines of the Central Board of Direct Taxes it is up to the discretion of salaried individuals to declare their investments in shares and securities as business or capital assets. 'The important point to note is that the stance the salaried person takes cannot be changed in subsequent years," Mansatta said. 'For instance, you classify profit from stock trades as capital gains this year, but next year if you make losses (and) you want to classify them as business income to set off against other incomes, that is not allowed as per CBDT's circular." This distinction has several implications: Speculative business: intraday trading intraday stock trading comes with more restrictions, though it's also filed under ITR-3 or ITR-4. This is because it's treated as speculative business. Unlike F&O losses, losses from intraday trading can only be adjusted against other speculative income, such as gains from betting or horse racing. The window to carry forward losses is also shorter at 4 years, instead of the 8 years allowed for delivery-based and F&O traders. The criteria for accounting, turnover thresholds, and audit applicability remain the same as for F&O.
