Corrigendum

This is with reference to the April 16 issue of your magazine which carried the ‘ Power List 2012— High and Mighty’. It has been wrongly mentioned that Sunil Bharti Mittal will receive an annual salary of Rs 70 crore from next year. Last year, Bharti Airtel’s shareholders approved an ‘ enabling provision for the next five years’ that authorises the company’s Board of Directors to fix Mittal’s annual remuneration ‘ up to’ a maximum of Rs 70 crore during the above mentioned period. The provision should be seen in that light and does not mean that Mittal’s remuneration will be Rs 70 crore. As a matter of fact, there has been no increase in the total remuneration of Mittal during 2011- 12.

RAZA KHAN, Head, Corporate Communications, Bharti Enterprises

The story ‘ High Court Laid Low’, that appeared in INDIA TODAY’S edition dated December 13, 2010, erroneously stated that “advocate Shivam Sharma, son of Justice Rakesh Sharma who retired in July, has been practising in the Allahabad High Court for the past three years. He recently filed an Income Tax return of Rs 80 lakh”. Shivam Sharma has been practising in the Lucknow bench of the court since 2001, the year he was enrolled. Also, his income tax returns for 2008- 2009 and 2009- 2010 were Rs 2,60,000 and Rs 3,81,000 respectively. The error with regard to the years, place of practice and income tax returns of Shivam Sharma is regretted.