User: iihs_comms Topic: AB_Test_Feeds_Jan_2018
Category: All-Channels :: AB Urban Economic Growth and Development
1 new since Oct 15 2019 15:27 IST RSS 2.0
 
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India to chart is own course of energy transition: Pradhan 15.10.2019
New Delhi: India will chart its own course of energy transition in a responsible manner even as it is said to be a key driver of global energy demand in coming decades, Oil Minister Dharmendra Pradhan said on Tuesday. As the world battles alarming rates of carbon emission threatening the environment, countries around the globe face pressure to reduce hydrocarbon use and switch to greener sources such as renewable power and electric vehicles. Speaking at a ministerial dialogue at India Energy Forum by CERAWeek, Pradhan said India is the third largest energy consumer in the world in absolute terms after the US and China. However, per capita energy consumption in India is only about one-third of the world's average. "This makes it imperative to ensure energy justice to all, which essentially means access to energy in an affordable and sustainable manner," he said. Given its huge energy appetite and growth potential, India will be the key driver of global energy demand in the coming decades, he ...
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PM should attend to work, have less photo ops: Kapil Sibal 15.10.2019 The Asian Age | Home
Senior Congress leader took a swipe at PM Modi over Nobel Prize winner Abhijit Banerjee's remarks that Indian economy is on shaky ground.
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Attached properties of Amrapali Group to be auctioned: Supreme Court 15.10.2019 The Asian Age | Home
The court took on record the third report of forensic auditors with regard to the Heartbeat city project of Amrapali and others.
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Rahul congratulates Abhijit Banerjee, criticises 'Modinomics' for destroying economy 15.10.2019 The Asian Age | Home
Prime Minister Narendra Modi also congratulated the economist for winning the Nobel prize.
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Govt affiliated incubators enable 160 startups, impact 1.5 mn people across country 15.10.2019
New Delhi: In the period between April and September 2019, the three government-affiliated INVENT incubators SIIC-IIT Kanpur, IIM Calcutta Innovation Park, and CIIE.CO Initiatives-Start Up Oasis have invested Rs 8.5 crore in 31 new social enterprises. Overall, the INVENT program has facilitated Rs 34 crore in 139 Indian ventures through its implementing INVENT incubators and 58  of them  have also received follow-on investments  totalling Rs 133 crore from leading venture capital organizations.  Some key follow-on investments have been received by promising social enterprises including Dehaat (50 cr from Omnivore, Trifecta Capital and Angels), Nocca Robotics (12.5 cr from IAN Fund & Angels), Medcords (7.5cr from Infoedge, Waterbridge and Angels) and 5C Network (4.5cr from Villgro, Unitus, Axilor & CIIE.CO). Since inception, the Innovative Ventures and Technologies for Development (INVENT) program has offered funding plus incubation support to 139 social Indian ventures and ...
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Lakshmi Vilas Bank, Syndicate Bank shares fall after RBI fine 15.10.2019
New Delhi: Shares of Lakshmi Vilas Bank and Syndicate Bank fell by up to 5 per cent on Tuesday after the RBI imposed a monetary penalty on them for violating asset classification and fraud detection norms. Lakshmi Vilas Bank scrip went lower by 4.96 per cent to its lower circuit level as well as one-year low of Rs 22.05 on the BSE. Shares of Syndicate Bank also fell 2.24 per cent to Rs 24 -- its 52-week low. The Reserve Bank has imposed a monetary penalty of Rs 1 crore on Lakshmi Vilas Bank and Rs 75 lakh on Syndicate Bank for violating asset classification and fraud detection norms. "The Reserve Bank of India (RBI) has, by an order dated October 14, 2019, imposed monetary penalty of Rs 1 crore on Lakshmi Vilas Bank for non-compliance with certain provisions of directions issued by RBI on 'Income Recognition and Asset Classification (IRAC) norms," RBI said in a release on Monday. In a similarly worded release, it said a monetary penalty of Rs 75 lakh has been imposed on Syndicate Bank for ...
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Ex-Jet Airways staff with Rs 90L in PMC Bank dies of heart attack after protest 15.10.2019
Mumbai: A 51-year-old man, whose family has a deposit of over Rs 90 lakh with the troubled Punjab and Maharashtra Bank Cooperative (PMC) Bank, died due to a heart attack, sources said on Tuesday. Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck, said Manali Narkar, who was among the agitating depositors. Gulati was there at the protest along with his 80- year-old father, Narkar said. In a video made at the protest site, Gulati's father claimed that the family has a deposit of over Rs 90 lakh with the bank, she said. Gulati died due to a heart attack while having dinner on Monday, a senior official at Oshiwara police station said. Narkar said a few of the depositors will be attending Gulati's last rites to be held here around noon, and added that they will also be holding a peaceful candle light march in the evening. According to reports in a section of media, Gulati lost ...
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Tax employee unions irked by PM Modi's switch to faceless assessment: Letter 15.10.2019
Mumbai: Indian tax officials are pushing back against Prime Minister Narendra Modi"s new faceless tax assessment program, complaining about a lack of consultation and inadequate resources to implement the changes, a letter reviewed by Reuters shows. Making the biggest recent reform of tax collection methods, the government introduced faceless assessment this month, but resistance to change from within the bureaucracy could lead to a bumpy roll-out for the new system. In a joint letter sent to the Central Board of Direct Taxes (CBDT) this month, representatives of the Income Tax Employees Federation and the Income Tax Gazetted Officers" Association voiced their unhappiness. "The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders," according to the letter dated Oct 3. "We express our strong displeasure on this type of unilateral decision-making as it is not in the interest of the efficient working of the ...
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Van Dhan Vikas Karyakram launched in Manipur 15.10.2019 The Assam Tribune
Van Dhan Vikas Karyakram launched in Manipur
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Abhijit Banerjee, 2 others win Nobel Economics Prize 15.10.2019 The Assam Tribune
Abhijit Banerjee, 2 others win Nobel Economics Prize
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Attached properties of Amrapali Group to be auctioned: Supreme Court 15.10.2019
New Delhi: To ensure speedy disposal of attached properties of now defunct Amrapali Group of Companies and its directors, the Supreme Court on Monday brought the Metal Scrap Trade Corporation (MSTC) to auction them and deposit the cash with the apex court registry. The top court said that the funds collected through auction of properties will help in speedy completion of stalled projects and bringing back the confidence of home buyers. A bench of Justices Arun Mishra and U U Lalit accepted the suggestion of senior advocate R Venkataramani, appointed as court receiver by the top court for auctioning of the attached properties of Amrapali. The top court directed the relevant documents of the attached properties, which were with the Debt Recovery Tribunal be given to the MSTC, which would auction the assets and deposit the amount with the apex court registry. The top court also asked Orissa State Housing Board, to deposit Rs 34 crore with the apex court registry, which had been deposited by ...
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'Immense pride': Manmohan Singh congratulates Nobel Prize winner Abhijeet Banerjee 15.10.2019 The Asian Age | Home
Amartya Sen was the first Indian economist to win the Nobel Prize in 1998.
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'Immense pride': Manmohan Singh congratulates Nobel Prize winner Abhijeet Banerjee 15.10.2019
New Delhi: Former prime minister Manmohan Singh congratulated Indian-origin economist Abhijit Banerjee on Monday for getting the Nobel Prize and said his work on poverty alleviation and development of new techniques was truly path-breaking. Banerjee's pioneering innovations in development economics were applicable and useful to policy making in developing countries such as India, the former Prime Minister said. In a letter to Banerjee, Singh wrote: "It gives me immense pleasure and pride to know that you are now the second Indian to receive the Nobel Prize in Economics." "My heartiest congratulations to you and your co-winners. Your scholarly work on poverty alleviation and development of new techniques such as Randomised Control trials are truly path-breaking," Singh, a renowned economist himself, added. "I am particularly pleased, as a student of economics, that the Committee chose to honour pioneering innovations in development economics that are very applicable and useful ...
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Trump says will impose sanctions on Turkey, prepared to 'swiftly destroy' its economy 15.10.2019
Washington: Protesting Turkey"s military offensive into northeast Syria, US President Donald Trump on Monday announced he will authorise sanctions against Turkish officials, raise steel tariffs and end negotiations on a USD 100 billion trade deal. Turkey launched a cross-border assault on Kurdish fighters on Wednesday after the US decided to withdraw troops from Syria, a move criticised by the Republicans, with some terming it a "betrayal" of the Kurds.  "This (executive) order will enable the US to impose powerful additional sanctions on those who may be involved in serious human rights abuses, obstructing a ceasefire, preventing displaced persons from returning home, forcibly repatriating refugees or threatening the peace, security or stability in Syria," Trump said in a statement. Turkey"s military offensive is endangering civilians and threatening peace, security and stability in the region, he said, adding that he has been perfectly clear with his Turkish ...
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Rupee rises 28 paise to 70.74 against USD in early trade 15.10.2019 PTI: All news
Rupee rises 28 paise to 70.74 against USD in early trade
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Sensex jumps over 150 pts on positive global cues 15.10.2019 PTI: All news
Sensex jumps over 150 pts on positive global cues
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India to see USD 118 bn investment in oil, gas sector in next few years: Pradhan 15.10.2019 PTI: All news
India to see USD 118 bn investment in oil, gas sector in next few years: Pradhan
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Abhijit Banerjee, Esther Duflo and Michael Kremer win 2019 Nobel Economics Prize 15.10.2019 PTI: All news
Abhijit Banerjee, Esther Duflo and Michael Kremer win 2019 Nobel Economics Prize
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HC rejects petition of tribals on KHADC hawking curbs 15.10.2019 The Shillong Times
Fine of Rs 5,000 each imposed on seven petitioners SHILLONG: The High Court of Meghalaya has disposed of a petition against the recent order of KHADC prohibiting hawking by non-tribals without valid trading license.The court also imposed a fine of Rs 5,000 each on the seven petitioners. The reason for disposing of the case by ...
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Indian-American, wife among 3 to win Nobel Economics Prize 15.10.2019 The Shillong Times
STOCKHOLM: Indian-American innovative MIT economist Abhijit Banerjee, his wife Esther Duflo and Harvard professor Michael Kremer jointly won the 2019 Nobel Economics Prize on Monday “for their experimental approach to alleviating global poverty”. Banerjee and French-American Duflo both work at the US-based Massachusetts Institute of Technology (MIT) while Kremer is at Harvard University. It was […]
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