City-level GDP data, he said, could help municipal bodies make better decisions on needed infrastructure and investment, and also leverage their economic strength to raise funds to finance their needs. Mr. Kumar pointed out that the Pune municipal corporation — which he headed till recently — had been able to …
Read More »Monthly Archives: August 2018
‘Take people’s help to clean Delhi’s filth’
The Supreme Court on Friday asked the Lieutenant-Governor of Delhi to make a collaborative effort with the help of civil society and resident welfare associations to clear Delhi of its garbage. A three-judge Bench led by Justice Madan B. Lokur turned to L-G Anil Baijal after, in a previous hearing, …
Read More »PM to undertake aerial survey today
Prime Minister Narendra Modi is expected to aerially survey flood-hit Kerala on Saturday. More than 160 people have been killed and over 1.5 lakh moved to relief camps in the State. Mr. Modi also spoke to Kerala Chief Minister Pinarayi Vijayan on Friday and offered him all assistance. A high …
Read More »SC refuses to change NGT order on Sterlite
The Supreme Court on Friday refused to interfere with a National Green Tribunal (NGT) order allowing mining major Vedanta access to the administrative unit of the Sterlite Copper plant at Thoothukudi in Tamil Nadu. A Bench of Justices Rohinton Nariman and Indu Malhotra disposed of a petition filed by the …
Read More »82,000 rescued in battered Kerala
Hundreds of volunteers and fishworkers joined hands with teams of the armed forces, National Disaster Response Force, and State government agencies in a massive operation to rescue over 82,000 citizens from flooded locations in four districts on Friday. The rescue efforts which commenced at daybreak continued into the night. Helicopters …
Read More »India Ratings cuts growth forecast for FY19 to 7.2%
Points to headwinds from elevated global crude prices and minimum support prices for kharif crops as reason. India Ratings and Research (Ind-Ra) has revised its FY19 economic growth forecast down to 7.2% from 7.4% earlier. It cited the headwinds emanating from elevated global crude oil prices and the government’s decision …
Read More »Ashok Leyland unveils BS IV engine for CVs
Ashok Leyland, the Hinduja Group’s flagship company, unveiled Innoline, a BS IV engine driven by an in-line fuel pump. “This is the latest innovation from Ashok Leyland for commercial vehicles,” said Vinod K. Dasari, managing director, Ashok Leyland. “This technology can be upgraded and used for BS VI engines as …
Read More »Tea exporters see competitive opportunity in rupee weakness
Tea growers see an opportunity to boost the competitiveness of Indian tea in the global market, riding on the rupee’s recent weakness. India’s tea exports remained flat at 46.8 million kg between April and June compared to a year earlier although prices increased marginally. Arijit Raha, secretary general, ITA concurred …
Read More »NPCI unveils ‘more secure’ UPI with overdraft facility
The National Payments Corporation of India (NPCI) has upgraded the unified payments interface (UPI) with enhanced security features and overdraft facilities. Unveiling the UPI 2.0 on Thursday, RBI Governor Urjit Patel said that the upgraded UPI was the result of the calibrated approach adopted by RBI in the initial years …
Read More »Growth impulses remain strong: Patel
Reserve Bank of India (RBI) Governor Urjit Patel sees domestic growth impulses continuing to remain reasonably strong as the monsoon, which has been normal ‘so far’, augurs well for the farm sector, according to the minutes of the Monetary Policy Committee’s meeting earlier this month. “The manufacturing sector has continued …
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