Monday, January 30

India

Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections
India

Analysis-Modi’s Popularity Key to Selling cut in Food Aid Ahead of Indian Elections

Indian Prime Minister Narendra Modi's move to effectively halve food rations to the poor ahead of state polls next year and a general election in 2024 is fiscally sound, but politically much depends on whether the charismatic leader can sell it to voters. Subsidised food and other items are key to winning elections in India, where food aid is a legal right and more than 800 million people received an extra 5 kgs of free rice or wheat in the last 28 months as COVID-19 ravaged their finances. The free food programme, however, cost the government around $47 billion, worsened the fiscal deficit and reduced wheat stocks in government warehouses to multi-year lows. From January India will end the additional 5 kgs per person of food aid issued during the COVID-19 pandemic and for one year will is...
Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting
India

Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting

Eknath Shinde asked Mumbai civic authorities to depute 5,000 "Swatchhta Doots" (cleanliness ambassadors) and undertake beautification of the city. Ahead of a G20 Council meeting in Mumbai, Maharashtra Chief Minister Eknath Shinde has asked the local civic body to launch a beautification drive in the city on a mission mode. Shinde asked Mumbai civic authorities to depute 5,000 "Swatchhta Doots" (cleanliness ambassadors) and undertake beautification of the city. India assumed the G20 (Group of 20) presidency on December 1 and 14 meetings related to the influential bloc will be held in Mumbai, Pune, Aurangabad and Nagpur in the next two months. A meeting of the Development Working Group of the G20 Council will be held in Mumbai from December 13 to 16. As per a release issued by the Chief Mini...
Delhi Police Issues Traffic Advisory Ahead of India International Trade Fair
India

Delhi Police Issues Traffic Advisory Ahead of India International Trade Fair

Entry to the fair will be restricted to business visitors from November 14 to 18. It will be opened for general public from November 19 to 27. The Delhi Police on Sunday issued a traffic advisory ahead of the India International Trade Fair and mentioned the roads where congestion is expected. It said traffic congestion is expected at Mathura Road, Bhairon Marg, Ring Road, Shershah Road and Purana Qila Road Entry to the fair will be restricted to business visitors from November 14 to 18. It will be opened for general public from November 19 to 27 No entry of visitors from Gate No. 5-A and 5-B. Entry from Gate No. 01, 04, 10, 11 and Craft Museum Gate. Entry for media persons from Gate No. 4 and 10. Entry for ITPO officials from Gate No. 4 and 10. No entry for Trade Fair after 6 pm," the traf...
Developing Countries Need $1 Trillion a Year in Climate Finance:
India

Developing Countries Need $1 Trillion a Year in Climate Finance:

Developing countries need to work with investors, rich countries and development banks to secure $1 trillion a year in external financing for climate action by the end of the decade and to match that with their own funds, a report said on Tuesday. The report, released ahead of talks on climate change finance at the COP27 summit in Egypt, said the funding was required to cut emissions, boost resilience, deal with damage from climate change and restore nature and land. The world needs a breakthrough and a new roadmap on climate finance that can mobilise the $1 trillion in external finance that will be needed by 2030 for emerging markets and developing countries other than China," said the report, commissioned by the current and previous climate summit hosts, Egypt and Britain. It Said the T...
PM modi will lay the foundation stones for the reconstruction of five railway stations in Tamil nadu
India

PM modi will lay the foundation stones for the reconstruction of five railway stations in Tamil nadu

On Thursday, Prime Minister Narendra Modi will lay the foundation stones for the reconstruction of five Tamil Nadu railway stations: Chennai Egmore, Rameswaram, Madurai, Katpadi, and Kanyakumari. The railway station redevelopment project will cost around Rs 1,800 crore to complete. The project was undertaken to improve the passengers' convenience and comfort by providing modern amenities. PM Modi will also dedicate 1,152 residences built under the Pradhan Mantri Awas Yojana-Urban as part of the 'Light House Project — Chennai,' which cost Rs 116 crore to build. In Chennai, the PM Modi will dedicate 11 projects worth over Rs 31,500 crore to the nation and lay the foundation stone for them. The 75-kilometer Madurai-Teni (Railway Gauge Conversion Project), which cost over Rs 50...
From April 2022, Zomato will be 100 percent plastic-free.
India

From April 2022, Zomato will be 100 percent plastic-free.

Zomato, an online meal delivery service, stated on Friday that it will serve 100 percent plastic-free orders starting in April 2022, to deliver more than 10 crore items in sustainable packaging over the next three years. Zomato Founder and CEO Deepinder Goyal stated in a blog post that the company recognizes the importance of beginning to promote biodegradable and other non-plastic alternatives for them to become as accessible and available as plastic is today. "From now on, every meal you buy through Zomato will be 100% plastic neutral," he stated. "This means we will voluntarily recycle more than 100% of all plastic used in the packaging of your order." "We have begun working with cutting-edge ISO-certified plastic waste management organizations, who will partner with munici...
Prime Minister Modi pays tribute to Jallianwala Bagh massacre victims
India

Prime Minister Modi pays tribute to Jallianwala Bagh massacre victims

Prime Minister Narendra Modi on Wednesday paid tributes to the victims of the Jallianwala Bagh massacre and said that their unparalleled courage and sacrifice will keep motivating the coming generations. Sharing the speech at the inauguration of the renovated complex of Jallianwala Bagh Smarak last year, PM Modi tweeted, "Tributes to those martyred in Jallianwala Bagh on this day in 1919. Their unparalleled courage and sacrifice will keep motivating the coming generations." PM Modi unveiled the renovated Jallianwala Bagh memorial through video conferencing on August 28, last year, and stated that those 10 minutes of April 13, 1919, became the immortal story of our freedom struggle, due to which we can celebrate the Amrit Mahotsav of freedom today. Jallianwala Bagh is the place th...
Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high
India

Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high

Shares of Coal India (CIL) surged 7 percent to Rs 198 on the BSE in Thursday’s intra-day trade. The stock has rallied 32 percent in the last four trading sessions on an improved outlook amid rising commodity prices. The stock of state-owned companies now traded close to its 52-week high of Rs 203.85 registered on October 6, 2021. At 10:30 am; the stock pared some of the gains and traded 2.7 percent higher at Rs 190 on the back of heavy volumes. In comparison, the S&P BSE Sensex was up 0.1 percent at 55,515. The trading volumes at the counter jumped considerably with a combined 33 million equity shares changing hands on the NSE and BSE so far in trades. European coal surged to historic highs as sanctions against Russia for its assault on Ukraine tightened the global market sup...
PM Gati Shakti to play big role in development of modern infra: PM Modi
India

PM Gati Shakti to play big role in development of modern infra: PM Modi

Prime Minister Narendra Modi on Monday said the PM Gati Shakti initiative will help in further developing modern infrastructure in the country through better coordination and monitoring. He also asked the private sector to partner with the government and increase investments. The PM Gati Shakti - National Master Plan was announced last year to break departmental silos and bring in more holistic and integrated planning and execution of projects to address the issues of multi-modal and last-mile connectivities. This will help in bringing down the logistics cost, Modi said while addressing the Department for Promotion of Industry and Internal Trade (DPIIT) stakeholders' meet on PM Gati Shakti. This will help in bringing down the logistics cost, Modi said while addressing the Departme...
Budget provides for vibrant ecosystem in defence manufacturing: PM Modi
India

Budget provides for vibrant ecosystem in defence manufacturing: PM Modi

Highlighting challenges faced in procuring defence equipment from abroad, Prime Minister Narendra Modi on Friday stressed on promotion of the 'AatmaNirbhar Bharat' and 'Make in India' campaign in defence manufacturing. The Prime Minister also highlighted that about 70 per cent of the defence budget has been kept for the domestic industry only. Addressing a webinar on 'Aatmanirbharta in Defence - Call to Action', the Prime Minister said, "When we procure weapons from outside, its process is so long that by the time they reach our security forces, many of them become outdated. Its solution is in 'AatmaNirbhar Bharat campaign' and 'Make in India'." The Prime Minister mentioned that this year's Union budget has a blueprint for developing a vibrant ecosystem from research and developme...