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Latest News Updates: Delhi govt bans anti-open burning drive till June 13
12 May, 2022 | 11:51:08 PM IST
Delhi government has extended its anti-Open-Burning campaign till June 13, said Environment Minister Gopal Rai who ordered the extension of the campaign for the next one month from May 13 to June 13 on Thursday. The Environment Department has also released last month reports related to the anti-Open Burning campaign. Divulging more details on the report, Rai said, ''Today is the last day of the first phase of the anti-Open Burning campaign launched under the Summer Action Plan. In view of the cases of open burning in Delhi, instructions have also been issued to extend the anti-Open Burning campaign from May 13 to June 13.''
1 New Update
OPEC lowers global economic, oil demand forecasts
The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth and oil demand, citing COVID-19-induced restrictions and geopolitical tensions. The oil alliance said in its monthly oil market report that the world economy is expected to grow by 3.5 per cent in 2022, compared to its forecast of 3.9 per cent a month ago. OPEC said notable challenges facing the global economy include "geopolitical tensions, the continued pandemic, rising inflation, aggravated supply chain issues, high sovereign debt levels in many regions and expected monetary tightening by central banks in the United States, the United Kingdom, Japan and the euro area."
Growing ties between Russia, China amid Ukraine war stokes worries for West
In the wake of its invasion of Ukraine, Russia has been hit hard by western sanctions, sparking the nation's increasing subordination with China. While international communities have been discussing stronger pressure against Russia, repeatedly urging India and other countries to do more, the potential realignment of China and Russia has been stoking worries around the world, a Japanese media outlet reported. There have also been growing concerns in the West that such moves would drive Russia to become a junior partner to China or a kind of subordinate neighbour.
Andhra CM directs officials to complete 4,200 godowns project
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy directed the officials to complete the 4,200 godowns project worth Rs 2,700 crore within a year to improve the functioning of Rythu Bharosa Kendras (RBKs). The Chief Minister chaired the Agri Infra Fund Projects review meeting at his camp office in Tadepalli on Thursday. Agri Marketing officials informed the Chief Minister that the godowns project was bankrolled by National Bank for Agriculture and Rural Development (NABARD), who agreed on a principle to fund the project.
US producer prices up 11 pc in year to April, adds to inflation woes
US producer prices, a measure of what retailers pay for goods at the wholesale level, rose 11 per cent in the year to April, the Labor Department said on Thursday in the latest data that showed little let-up in inflation pressure. "On an unadjusted basis, final demand prices moved up 11 per cent for the 12 months ended in April," the Bureau of Labor Statistics, a unit within the Labor Department, said in its monthly reading of the Producer Price Index, or PPI.
Delhi govt bans anti-open burning drive till June 13
Delhi government has extended its anti-Open-Burning campaign till June 13, said Environment Minister Gopal Rai who ordered the extension of the campaign for the next one month from May 13 to June 13 on Thursday. The Environment Department has also released last month reports related to the anti-Open Burning campaign. Divulging more details on the report, Rai said, ''Today is the last day of the first phase of the anti-Open Burning campaign launched under the Summer Action Plan. In view of the cases of open burning in Delhi, instructions have also been issued to extend the anti-Open Burning campaign from May 13 to June 13.''
Jitendra Singh calls for sustainable startups with indigenous innovation
Emphasizing building sustainable startups with indigenous innovation, Union Minister Jitendra Singh on Thursday said innovation has to become a dynamic process in order to make startups sustainable. Speaking at the inaugural event of "Iconic 75 Industry Connect ('i' Connect)" at Jorhat in Assam, Singh said, "While our research establishments are well equipped and competent to develop the world-class technologies and products in laboratories, there is a gap in terms of taking these to market and ultimately to the society for the benefit of common women and men of the country." He said if startups are to remain sustainable, innovation has to become a dynamic process.
Mamata writes to Modi, seeks release of MGNREGA, PMAY funds
West Bengal Chief Minister Mamata Banerjee on Thursday wrote to Prime Minister Narendra Modi, seeking his intervention for release of funds under MGNREGA and PM Awas Yojana (PMAY). In the letter, Banerjee claimed that as the Centre was not releasing funds, wage bills for MGNREGA could not be paid for over four months. "It is very astonishing that the Government of India is not releasing funds to West Bengal for MGNREGA and PM Awas Yojana," she said.
L&T net profit rises 10 pc to Rs 3,621 crore in Q4
Larsen & Toubro on Thursday reported a 10 per cent growth in its consolidated net profit at Rs 3,620.69 crore for the quarter ended March, 2022. The company had posted a consolidated net profit of Rs 3,292.81 crore in the year-ago period, Larsen & Toubro (L&T) said. The consolidated income during the quarter under review rose to Rs 53,366.26 crore from Rs 49,116.16 crore in the year-ago period. "The consolidated net profit after tax for the quarter ended March 31, 2022 at Rs 3,621 crore registered a growth of 10 per cent over the corresponding quarter of the previous year, in line with revenue growth," the company said in a statement.
India successfully test-fires extended-range version of BrahMos missile from Sukhoi
India on Thursday successfully test-fired an extended range version of the BrahMos supersonic cruise missile from a Sukhoi fighter jet, in a boost to the country's strategic strike capability. It was the first launch of the extended range version of the BrahMos missile from a Su-30MKI aircraft and the weapon hit the designated target in the Bay of Bengal, the defence ministry said. The range of the advanced version of the missile is learnt to have been extended to over 350 km from the original 290 km.
IndiGo airline enters into codeshare agreement with France-KLM
IndiGo airline has partnered with Air France-KLM in a codeshare agreement that will offer Air France-KLM customers access to 30 destinations in India and IndiGo customers will get access to 120 destinations in Europe and 50 destinations in America. A statement released by IndiGo mentioned that with the lifting of the Air Bubble Agreement in India and the necessary governmental approval, Air France-KLM and IndiGo, have implemented the extensive codeshare agreement announced in December 2021. With this partnership, Air France and KLM will ultimately offer their customers access to 30 new Indian destinations and a large number of round-trip combinations for both business and leisure purposes, it read.
WTO rules need to be flexible, WHO must be reformed: PM Modi at Global Covid Summit
Underlining the need for a coordinated response to combat future health emergencies, Prime Minister Narendra Modi said on Thursday the world must build a resilient global supply chain in the world order with a more flexible World Trade Organization (WTO). Delivering an address at the 2nd Global Covid Summit on the theme 'Preventing Pandemic Fatigue and Prioritizing Preparedness', PM Modi stressed on reformed World Health Organization (WHO) to build a resilient global health security architecture. During his speech, PM Modi called for streamlining WHO's approval process for vaccines and therapeutics, to keep the supply chain stable and predictable. "As a responsible member of the global community, India is ready to play a key role in these efforts."
Biennial Elections for 57 Rajya Sabha seats across 15 states to be held on June 10
The Election Commission of India (ECI) announced the dates of the biennial elections for 57 seats of the Rajya Sabha on Thursday. Biennial elections to the 57 seats of Rajya Sabha (Council of States) spread across 15 states will be held on June 10, said the Election Commission of India on Thursday. The states where these biennial elections will be held are Andhra Pradesh, Telangana, Chhattisgarh, Madhya Pradesh, Tamil Nadu, Karnataka, Odisha, Maharashtra, Punjab, Rajasthan, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and Haryana.
Bihar investor meet gets good response from industry leaders
Bihar investor meet has got a very good response from industry leaders, especially from the top executives of the companies like Lulu Group, Adani Group, ITC Limited, Ambuja Cement and Shree Cement. Addressing a press conference, Bihar Industry Minister Shahnawaz Hussain said, "Today 110 companies participated in Bihar Investor Meet. CEOs and MDs of companies like ITC, Adani Group, Ambuja Cement, Bangur Cement, HUL participated in this meet. Lulu Group of Dubai has expressed its interest and support."
PM Modi at the 2nd Global Covid Summit: Covid pandemic continues to disrupt lives
The COVID pandemic continues to disrupt lives, supply chains and test the resilience of open societies. In India, we adopted a people-centric strategy against the pandemic. We have made the highest-ever allocation to our annual healthcare budget. Our vaccination program is the largest in the world, said Prime Minister Narendra Modi at the 2nd Global Covid Summit.
Rupee slumps to all-time low of 77.50 as high inflation triggers rate hike fears
The rupee plunged by 25 paise to close at its lifetime low of 77.50 against the US currency on Thursday as the dollar touched a fresh two-decade high in global markets on strong risk-averse sentiment and a higher-than-expected US inflation triggered fears of aggressive rate hikes. The local currency also touched its record intra-day low of 77.63 to a dollar as losses in domestic stocks, concerns over weak growth, and persistent forex outflows negated the impact of a fall in crude oil prices. At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and moved in a range of 77.36 to 77.63 in the day trade.
Sri Lanka stocks up after two-day curfew; new PM speculation boosts sentiment
Sri Lanka's stocks index on Thursday jumped over three per cent after being closed for two days on the speculation of the appointment of a new Prime Minister and political stability in the island nation, dealers said. “Today the market bounced back after the political limbo was broken following the announcement of the appointment of the prime minister,” a top market analyst was quoted as saying by the EconomyNext website. The main All Share Price Index (ASPI) closed 3.17 per cent or 237.99 points up at 7,754.62 at the close.
Russia to respond to Finnish decision on NATO
Russia has warned that it will have to take unspecified “military-technical” steps in response to Finland's decision to join NATO. The Russian Foreign Ministry said Thursday that Finland's accession to NATO will “inflict serious damage on Russian-Finnish relations, as well as stability and security in Northern Europe.” It said in a statement that “Russia will be forced to take retaliatory steps of military-technical and other characteristics in order to counter the emerging threats to its national security.”
Exim Bank profit jumps nearly 3-fold to Rs 738 cr in FY22
Export Import Bank of India (EXIM Bank) on Thursday reported a nearly three-fold jump in its profit after tax (PAT) to Rs 738 crore in the fiscal ended in March 2022 compared to Rs 254 crore in the year-ago period. The development finance institution sanctioned loans aggregating to Rs 68,863 crore under various lending programmes during FY2022. Its net loan portfolio registered a growth of 13.26 per cent to Rs 1,17,619 crore from Rs 1,03,851 crore last year.
Ranil Wickremesinghe sworn in as new Sri Lanka's new prime minister
Opposition leader Ranil Wickremesinghe was on Thursday sworn-in as Sri Lanka's new prime minister, days after his predecessor Mahinda Rajapaksa resigned following violent protests over the worst economic crisis in the debt-ridden island nation. The 73-year-old United National Party (UNP) was appointed as the prime minister by President Gotabaya Rajapaksa after they held closed-door discussions on Wednesday. Wickremesinghe, who has served as the country's prime minister for four times, was in October 2018 fired from the post of prime minister by then President Maithripala Sirisena. However, he was reinstalled as the prime minister by Sirisena after two months.
1,032 fresh cases in Delhi; positivity rate 3.64 per cent
Delhi on Thursday recorded 1,032 fresh COVID-19 cases and zero death, while the positivity rate stood at 3.64 per cent, according to data shared by the state health department. With these new cases, the national capital's overall Covid tally has increased to 18,98,173 while the death toll stood at 26,184. Delhi reported 970 fresh Covid cases at a positivity rate of 3.34 per cent and one death on Wednesday.
Steps taken by RBI and govt to cut duration of high inflation: Finmin report
The finance ministry on Thursday said measures taken by the RBI and government will squeeze the duration of high inflation fuelled by global factors. Retail inflation has been trending above Reserve Bank's upper tolerance level of 6 per cent for the past three months. "While inflation is expected to be elevated in 2022-23, mitigating action taken by the government and RBI may reduce its duration. Evidence on consumption patterns further suggests that inflation in India has a lesser impact on low-income strata than on high-income groups," the finance ministry's monthly economic review said.
Delhi records 1,032 fresh Covid cases, zero death; positivity rate stands at 3.64 per cent: Authorities.
Gold jumps Rs 241; silver declines by Rs 729
Gold in the national capital on Thursday jumped Rs 241 to Rs 50,797 per 10 grams, supported by a sharp fall in rupee, according to HDFC Securities. The precious metal had ended at Rs 50,556 per 10 grams in the previous trade. In contrast, silver declined by Rs 729 to Rs 60,158 per kg from Rs 60,887 per kg in the previous trade. Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday.
Will take all steps to get due share of Cauvery water, says TN CM
Tamil Nadu government will take all possible steps, including legal and political, to obtain its due share of Cauvery water from Karnataka, Chief Minister M K Stalin said on Thursday even as he assured to safeguard the interests of the farmers in Tamil Nadu by bettering their prospects and in not allowing industrial ventures in the Cauvery Delta region. He asserted that the pro-farmer initiatives launched by his government ensured a turnaround on the agriculture front, leading to increased acreage under the kuruvai paddy cultivation.
Dalmia Cement draws up plan to invest Rs 2,600 crore in TN
Cement-maker Dalmia Cement (Bharat) Ltd, a subsidiary of Dalmia Bharat Ltd, has chalked out a Rs 2,600-crore investment plan spread over the next four years to take up expansion of its existing facilities and also set up new manufacturing units in Tamil Nadu, a top official said on Thursday. The company would set up two greenfield grinding units with a capacity of producing two million tonne per annum each, regional director of the cement-maker Sunil Aggarwal said.
Apr CPI 7.79% vs 6.95% in Mar’22 and 4.23% in Apr’21. Apr food inflation 8.38% vs 7.68% in Mar’22 & 1.96% in Apr’21. March IIP 1.9% vs 24.2% in Mar’21.
Industrial production grows 11.3 pc in 2021-22 fiscal year: Govt data.
Tata Motors Q4 consolidated net loss narrows to Rs 992 cr; revenue down at Rs 78,439 cr
Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss at Rs 992.05 crore in the fourth quarter ended March 2022. The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal, Tata Motors said in a regulatory filing. Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter as against Rs 88,627.90 crore in the year-ago period, it added.
China says ready to support North Korea in Covid battle
China said on Thursday it was ready to "fully support" North Korea in its pandemic prevention efforts after Pyongyang reported its first official Covid-19 case and declared a national emergency.North Korea, which imposed a rigid blockade of its borders at the start of the pandemic in 2020, had not previously reported any Covid-19 cases.But samples taken from patients with fevers in Pyongyang "coincided with Omicron BA.2 variant", the official Korean Central News Agency (KCNA) reported Thursday, as leader Kim Jong Un and top officials announced they would implement the "maximum emergency epidemic prevention system".
Covid deaths in Europe pass two million mark: WHO
The number of people who have died from Covid-19 in Europe, the long-time epicentre of the pandemic, has passed two million, the World Health Organization (WHO) said on Thursday. "A devastating milestone has passed as reported confirmed Covid-19 deaths from countries in the WHO European Region have exceeded more than 2 million people," the UN health agency said in a statement.
US funding doubts overshadow Biden's latest global Covid summit
President Joe Biden will address a global summit on Covid-19 Thursday, but Congress' refusal to authorize billions of dollars in funding has thrown into doubt his role as leader of ambitious plans to vaccinate the world and finally stop the pandemic. The US crossed a grim milestone ahead of the summit, with the White House announcing that more than one million Americans had died due to Covid-19, the highest recorded death toll from the pandemic in the world.
Qatar emir visits Iran as nuclear talks falter
Qatar's ruler met Iranian President Ebrahim Raisi in Tehran on Thursday, state television reported, as talks falter on bringing Washington back into a 2015 nuclear deal between Tehran and major powers. The one-day visit by the emir, Sheikh Tamim bin Hamad Al-Thani, came as the European Union's coordinator for the nuclear talks, Enrique Mora, held a second day of meetings in Tehran with Iran's chief negotiator Ali Bagheri. Qatar, a close US ally, has added the Iran nuclear dispute to the list of diplomatic hotspots where it has sought to play a behind-the-scenes mediating role, and the emir has called for more dialogue to settle the standoff.
EU warns UK unilateral action on N. Ireland 'simply not acceptable'
The EU warned Thursday that any move by Britain to unilaterally ignore post-Brexit trade arrangements in Northern Ireland would be unacceptable and a threat to the Good Friday agreement. "Unilateral action... is simply not acceptable," European Commission vice president Maros Sefcovic said, in a statement issued after a phone call with UK Foreign Secretary Liz Truss.
CA withholding information about IAS Pooja Singhal in money laundering case, ED tells court
The Enforcement Directorate (ED) on Thursday, while pleading for more remand of Suman Kumar, Chartered Accountant (CA) of Pooja Singhal, informed the court that he is deliberately withholding information about the bureaucrat and details of money laundered by her. Search is going on at different premises of a renowned builder through which the land of Pulse Hospital was purchased. ED sources said that many documents and incriminating evidence have been collected which need to be examined and corroborated with the accused person to trace out the proceeds of the crime.
Tata Motors Q4 consolidated net loss at Rs 992.05 cr; total revenue from operations at Rs 78,439.06 cr: Company filing
HC rejects plea to quash GO refusing premature release in ex-AIADMK MLA murder case
The Madras High Court has rejected a plea to quash a government order which refused premature release of Hariharan, serving life imprisonment in connection with the murder of former AIADMK MLA M K Balan, who later joined the DMK. The petition sought to quash the GO issued in October, 2020, which refused premature release of Hariharan under GO dated February 1, 2018 of the Home (Prison-IV) department and consequently for a direction to release him prematurely.
Karnataka Anti-Conversion bill approved as ordinance by cabinet
Gadkari ambitious to expand NH network across country
Ambitious targets to fulfil the ambitions of New India! Under the leadership of PM Shri @narendramodi ji, we are c… https://t.co/GMR7LLCwLV
— Nitin Gadkari (@nitin_gadkari) 1652342647000SoftBank's losses
SoftBank's Vision Fund posts record $26 bln loss as tech stocks slump
Campbell Wilson appointed MD, CEO of Air India
Tata Sons today announced Mr. Campbell Wilson’s appointment as the Chief Executive Officer (CEO) & Managing Director (MD) of Air India.
CM Stalin writes to Modi and CJI
Tamil Nadu CM MK Stalin writes to PM Narendra Modi and Chief Justice of India NV Ramana regarding the appointment o… https://t.co/yjpmqhgUOl
— ANI (@ANI) 1652346929000China and global economy
China accounted for over 18 percent of the global economy in 2021, rising from 11.4 percent in 2012: official
PM Modi to pay his fifth visit to Nepal on May 16
Prime Minister Narendra Modi will pay an official visit to Lumbini next week on Monday at the invitation of Nepali counterpart Sher Bahadur Deuba, according to the Ministry of External Affairs on Thursday. This will be Prime Minister's fifth visit to Nepal since 2014.
A committee has been formed under the Chief Secretary, I asked them to increase more than 200 seats in WBCS. Our state police will get the priority. West Bengal will have more districts from existing 23
- West Bengal Chief Minister, Mamata Banerjee
EU to end looser state aid rules for virus-hit companies June 30
Looser EU rules that have allowed EU governments to grant more than 3 trillion euros ($3.14 trillion) in state aid to thousands of virus-hit companies in the last two years will end on June 30, EU competition regulators said on Thursday. Of this figure, around 730 billion euros was actually spent, the European Commission said.
There has to be some give and take obviously, but the Congress will and should remain the pivot around which we can have an anti-BJP formation to take on the 2024 Lok Sabha elections. Perhaps a UPA plus plus formation might be the best one to take on the NDA
- Congress' Sachin Pilot
Kumar's appointment is w.e.f May 15
In pursuance of clause (2) of article 324 of the Constitution, the President is pleased to appoint Shri Rajiv Kumar… https://t.co/W33jY5nHJA
— Kiren Rijiju (@KirenRijiju) 1652340648000Rajiv Kumar appointed as the Chief Election Commissioner
Karnataka HC stays Centre's notification on higher fee and penalty on aged vehicles
The High Court of Karnataka has stayed a notification issued by the Union Ministry of Road Transportation and Highways increasing the fee and penalty on vehicles that are more than 15-years-old. The enhanced fee came into effect from April one this year. The Ministry issued the notification on October 4 last year. In 2017, the High Court had quashed a similar notification issued by the Union Government earlier.
Finland's leaders in favour of applying for NATO membership
Finland's president and prime minister said Thursday they're in favour of applying for NATO membership, paving the way for the alliance to expand amid Russia's war in Ukraine. The announcement by President Sauli Niinisto and Prime Minister Sanna Marin means Finland is virtually certain to seek NATO membership though a few steps remain before the application process can begin. Neighbouring Sweden is expected to decide on joining NATO in coming days.
UK PM Johnson says no return to normal relations for Russia's Putin
British Prime Minister Boris Johnson said on Thursday he did not see how there could be a normalisation of relations with President Vladimir Putin following Russia's invasion of Ukraine. Asked during an interview on LBC Radio whether Putin could be welcomed back on the global stage if he were to repent, Johnson said: "Repentance is going to be very difficult for Vladimir Putin now ... nothing is impossible, I suppose, but I just cannot see for the life of me how we can renormalise relations with Putin now." Johnson said the world risked a repeat of 2014, when Russia annexed Crimea.
Anti-encroachment drive underway in Prem Nagar area of Delhi's Patel Nagar
SoftBank posts record $26 billion Vision Fund loss
SoftBank Group Corp reported on Thursday a record loss of $26.2 billion at its Vision Fund unit as the value of its tech portfolio slid. The loss was in stark contrast to a year earlier when SoftBank posted record annual profit, surpassing global heavyweights such as Warren Buffett's Berkshire Hathaway, after the listing of South Korean e-commerce firm Coupang. Coupang is trading 70% below its listing price and is one of a swathe of portfolio companies, including ridehailers Didi Global Inc and Grab Holdings, that tumbled during the January-March quarter.
Finnish utility Fortum plans to quit Russia
Finnish utility Fortum said on Thursday it was looking to sell its assets in Russia and exit the country, where it earned a fifth of its operating profit last year. Fortum's Russian division operates seven thermal power plants for district heating. Germany's Uniper, in which Fortum owns 78%, also has five power plants across Russia through its Unipro subsidiary.
SC issues notice on petitions challenging LIC IPO
BREAKING: #SupremeCourt REFUSES TO HALT LIC IPO SHARE ALLOTMENT. No interim relief granted. Tags the issue challeng… https://t.co/TCzVnbmDGN
— Bar & Bench (@barandbench) 1652335990000Ukraine reports more airstrikes on Azovstal
Ukraine's military says Russian forces are continuing airstrikes on the Azovstal steelworks in Mariupol and pressing their advance on towns in eastern Ukraine. In its operational statement for Day 78 of the war, the Ukrainian military's General Staff says Russian forces have also fired artillery and grenade launchers at Ukrainian troops in the direction of Zaporizhzhia, which has been a refuge for civilians fleeing Mariupol.
Beijing curbs taxi services
The Chinese commercial hub of 25 million people has in recent days been tightening its lockdown for a final push to eradicate the virus by the end of the month, having made some significant progress, according to data this week.
JSW Infra commissions Rs 1,300-cr Paradip East Quay coal terminal
JSW Infrastructure has started commercial operations at the Paradip East Quay coal terminal in Odisha, developed at an investment of around Rs 1,300 crore. The fully-mechanised terminal at Paradip Port has an annual handling capacity of 30 million tonnes. Built as a cape compliant terminal, it can handle capesize vessels once the dredging at the port is completed. The terminal has the capacity to unload 25 rakes per day and can load two vessels simultaneously, the Sajjan Jindal-led company said in a statement on Thursday.
Supreme Court to hear plea re: LIC IPO
The Supreme Court is all set to hear a plea related to LIC IPO, that is challenging the verdicts of the Madras HC and Bombay HC. Both courts dismissed challenges to government's decision of trading 5% shareholding in LIC through IPO
Ukraine to hold first war crimes trial
Ukraine announced it will hold its first war crimes trial over the Russian invasion, as Moscow accused Kyiv of shelling a Russian city in the war's latest flashpoint. The conflict has devastated cities and displaced millions, with fears also growing of its broader international impact as gas supplies to Europe were disrupted by a halt in Russian flows through Ukraine. Kyiv has repeatedly accused Russian troops of committing atrocities since the invasion began on February 24, and Ukrainian authorities said Wednesday they would launch the first war crimes trial of the conflict.
