Marked by a robust monitoring system and strategic integration of innovative technologies to optimize waste management processes, New Delhi ranks 7th amongst the cleanest cities in India in the more than 1 lakh population category. NDMC has taken a proactive approach to sustainable waste management by setting up 6 community Organic Waste Converters in residential areas.
In the city report card released under the Swachh Survekshan (survey), the NDMC received 99% score in door-to-door collection of waste; 87% in source segregation; 100% in waste generation vs processing and remediation of dumpsites, cleanliness of water bodies and public toilets; and 93% in cleanliness of residential and market areas.
The NDMC was also ranked at number 3 in the list of capital cities after Bhopal and Vijayawada at number 1 and 2 respectively, and a 5-star Garbage Free City (GFC) rating. The star rating conditions are based on 25 key parameters across the solid waste management spectrum.
The National Coal Index (Provisional) has shown a significant decline of 4.75 % in December 2023 at 155.44 points compared to December 2022, where it was at 163.19 points. This notable decrease indicates sufficient availability of coal in market to meet the growing demands. The National Coal Index (NCI) is a price index that combines coal prices from all sales channels.
It considers prices of coking and non-coking coal of various grades transacted in the regulated (power and fertilizer) and non-regulated sectors. Established with the base year as FY 2017-18, NCI serves as a reliable indicator of market dynamics, providing valuable insights of price fluctuations.
The Ministry of Ports, Shipping, and Waterways (MoPSW) successfully convened industry experts and stakeholders for a dynamic workshop focused on "Challenges and Prospective Solutions on Financing and Insurance in the Shipping Sector." Held in New Delhi, the event garnered significant participation and engagement from key stakeholders in the maritime community.
The aim was to identify solutions to help grow the Indian shipbuilding sector and elevate the same from a current rank of 22nd to top 5 globally by the year 2047. Also, the aim is to increase Indian tonnage as suggested in MIV 2030 and MAKV 2047. This workshop is planned to be followed with a subsequent workshop on promoting shipbuilding and ship repair business in India.
The Ministry of Defence has signed a contract on February 14, 2024, with Advanced Weapon Equipment India Ltd. (AWEIL), Kanpur for manufacturing & supply of a total of 463 indigenously manufactured 12.7 mm Stabilised Remote Control Guns (SRCG) for the Indian Navy & Indian Coast Guard at a total cost of Rs. 1752.13 crores, with Indigenous Content (IC) of more than 85%.
The SRCG will enhance the capability of Navy and Coast Guard to accurately engage small targets that post a threat to ships in an asymmetric environment, both by day and night. This acquisition will provide further boost to the vision of "Aatmanirbharta in Defence". This contract will also open up a large avenue in defence manufacturing for over 125 Indian Vendors.
Union Minister of Fisheries, Animal Husbandry & Dairying, Shri Parshottam Rupala launched the realigned AHIDF Scheme and released the Radio Jingle on AHIDF at New Delhi. In his address, he informed that the scheme was started during COVID period which was the difficult time for the entire country. He said that the scheme has been realigned and will be implemented for 3 year
The industry, FPO, Dairy Cooperatives should take benefit of the scheme. The Cabinet in its meeting on 01.02.2024 approved the realignment of the AHIDF under Infrastructure Development Fund with an outlay of ₹ 29610 crore. Now the Total Fund will be of ₹. 29610 cr. Instead of ₹. 15000cr. The realigned scheme will be implemented for further period of 3 years till 2025-26.
In the realigned scheme, Dairy Infrastructure Development Fund has been subsumed. Now the Dairy Cooperatives will avail benefit of interest subvention of 3% under AHIDF instead of 2.5% which was received in DIDF. For transparent implementation of the scheme the DAHD has developed portal www.ahidf.udyamimitra.in for application and processing of the request.
Benefits of scheme are: -Interest Subvention of 3% payable up to 8 years, Individuals, FPO, Dairy Cooperatives, Private Companies, Section 8 companies, MSME, Credit guarantee cover unto 25% of the term loan. No ceiling on the loan amount
Loan up to 90% of the estimated/actual project cost, Dovetailing with capital subsidy schemes of other ministries or state level schemes.
An MoU was signed between the NEC Shillong, IIM Shillong and the MDoNER for continuing the operation of Dr. APJ Abdul Kalam Centre for Policy Research and Analysis deepening engagement with IIM Shillong on 13-02-2024 at the NEC Secretariat, Shillong and MDoNER joining through weblink.
Dr. APJ Abdul Kalam Centre for Policy Research and Analysis was created by a tripartite agreement between IIM Shillong and the Ministry of Development of Northeastern Region and Northeastern Council singed on 15th Oct 2016. Centre will work under a number of key areas, including: - Training and Development, Research and Consultancy, Policy Advocacy, Civic engagement etc.
In another milestone towards research in Armed Forces Medical Services, a Memorandum of Understanding was signed on 14 Feb 2024, between Armed Forces Medical Services and Indian Institute of Technology Roorkee. The MoU aims towards promoting collaborative biomedical research, to aid in improving the combat medical support and patient care of serving personnel.
Under this MoU, Armed Forces Medical Services will be able to utilize the expertise of IIT Roorkee in various fields like, development of novel medical devices, robotics, nanotechnology, artificial intelligence and machine learning. Apart from research, faculty exchange programme, joint academic activities and promotion of start ups in the domain of health care.
Railways PSU RITES Limited on 14 Feb said it has entered into a strategic pact with AD Ports Group for exploring joint ventures and collaborations in areas of trade and logistic. AD Ports Group is a facilitator of logistic, industry, and trade, as well as a bridge linking Abu Dhabi to the world. RITES provides services across the entire value chain of infrastructure project
The Memorandum of Understanding (MoU) aims to bring about mutual engagement with the objective of exploring potential opportunities of joint cooperation for working together in the upcoming India Middle East Europe Economic Corridor and in the areas of infrastructure development such as multimodal logistic parks, free trade zones and rail connectivity projects.
Railway PSU IRCTC on 14 Feb announced the appointment of Sanjay Kumar Jain as its Chairman and Managing Director (CMD) with immediate effect.
Prior to this role, Jain was Principal Chief Commercial Manager (PCCM) of Northern Railway, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) said in an exchange filing.
Payments solution provider, PayU on Thursday announced collaboration with National Payments Corporation of India (NPCI) for rolling out of the ‘Credit Lines on UPI’ feature on its platform, which will create avenues of financial security and growth for the merchants. The company anticipates over 380 million UPI users to gain easier access to Credit Line.
The exchange filing released by the company stated, according to Regulation 30 of the SEBI Regulations, 2015, based on the recommendations of the Nomination and Remuneration Committee, the Board of Directors has appointed Pranam Wahi as an additional independent director of the Bank for four years with effect from 15 Feb 2024 up to 14 Feb 2028.
SBI Capital Markets (SBICAPS), a wholly owned subsidiary and investment banking arm of State Bank of India, on 14 Feb announced the appointment of Virendra Bansal as its Managing Director and Chief Executive Officer. Prior to this appointment, Bansal was Country Head for the US Operations of SBI, which included its offices in New York, Chicago, Los Angeles, and Sao Paulo.
Old private sector lender City Union Bank (CUB) has won seven awards in various categories in the recently concluded ‘19th Banking Technology Conference, Expo & Citations 2023’ by the Indian Banks Association (IBA) in Mumbai.Along with his technology team, N Kamakodi, MD & CEO of City Union Bank received the awards from RBI’s Deputy Governor T Rabi Sankar.
Japan has slipped to the world's fourth-largest economy as it fell behind the size of Germany's in 2023, says Deepak Jasani, Head of Retail Research, HDFC Securities.
Japan's nominal GDP totalled $4.2 trillion last year, or about 591 trillion yen. Germany's, announced last month, was $4.4 trillion, or $4.5 trillion, depending on the currency conversion, he added.
Challenges in mobilising deposits to meet loan demand may hit bank credit growth in India in the next financial year (FY25). Credit growth may slip to 14 per cent year-on-year (YoY) in FY25 compared to 16 per cent till December 2023, said S&P Global Ratings. Private banks' LDR could cross 97 per cent by March 2026 in our alternate scenario of 18 per cent credit growth.
