Tag: capital

Amaravati will remain as ‘people’s capital’ of AP: TDP leader Nara Lokesh

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Anantapuramu: Amaravati will win the battle and remain as the “people’s capital” of Andhra Pradesh, opposition TDP leader Nara Lokesh has said as the agitation by farmers who donated lands to build the greenfield capital touched the milestone of 1,200 days.
Lokesh, who is the general secretary of TDP, made these remarks expressing confidence about Amaravati continuing as the state’s capital, during his padayatra called ‘Yuva Galam’ at CK Palli in Raptadu assembly constituency of Anantapuramu district.
“Your sacrifice will not go waste and Amaravati will certainly remain as the people’s capital,” Lokesh said as per a statement shared to media on Friday.
Chief Minister Y S Jagan Mohan Reddy had recently announced that the state administration would be functioning from the port city of Visakhapatnam. The ruling YSRCP had also moved the Supreme Court over the trifurcation of state capitals following the Andhra Pradesh High Court’s verdict in March 2022 directing the state government to develop Amaravati as the state’s capital. The matter is currently pending in the apex court.
Incidentally, some senior citizens complained to Lokesh in CK Palli that their pensions were withdrawn owing to monthly power bills crossing a limit set by the incumbent government. Reacting to this complaint, Lokesh observed that six lakh people “lost” their pensions while another six lakh people are likely to suffer the same fate soon, but promised that the TDP will reinstate them on returning to power in the state.
Likewise, representatives from the Valmiki and Boya communities have appealed to the opposition leader to include them in the Backward Classes (BC) list as their lives were impoverished whereas Kuruba community members complained that Rs 2 lakh loan facility was withdrawn by the dispensation.
Meanwhile, Lokesh asserted that sand is illegally being transported to Bengaluru with the support of a ruling party MLA and claimed that apparel company Jockey exited the southern state resulting in job loss for nearly 6,000 people.

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#Amaravati #remain #peoples #capital #TDP #leader #Nara #Lokesh
( With inputs from www.siasat.com )

April 1, 2023
Commercial LPG cylinder prices reduced by Rs 91.50 in National Capital

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Delhi: Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday, sources said.
A 19 kg of Commercial LPG cylinder will now cost Rs 2,028 in the national capital. However, no changes have been made in the prices of the domestic LPG cylinders, sources said.
The Petroleum and oil marketing companies had on March 1 this year hiked the prices of commercial LPG cylinders by Rs 350.50 per unit and domestic LPG cylinders by Rs 50 per unit.
Earlier, on January 1, commercial cylinder prices were increased by Rs 25 per unit.
The prices of the commercial cylinders were reduced the last time in September 1 last year by Rs 91.50.
On August 1, 2022, too, the prices of commercial LPG cylinders were reduced by Rs 36. Prior to that, on July 6, rates for the 19-kilogram commercial cylinder were cut by Rs 8.5 per unit.
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#Commercial #LPG #cylinder #prices #reduced #National #Capital
( With inputs from www.siasat.com )

April 1, 2023
Earthquake strikes in national capital second day in a row – Kashmir News

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Earthquake strikes in national capital second day in a row
Delhi, Mar 22: An earthquake of magnitude 2.7 on the Richter scale struck 17 km west-northwest of Delhi on Wednesday, the National Center for Seismology reported.
In a tweet, the National Center for Seismology stated, “Earthquake of Magnitude:2.7, Occurred on 22-03-2023, 16:42:35 IST, Lat: 28.66 & Long: 77.03, Depth: 5 Km, Location: 17km WNW of New Delhi, India.” Earlier, strong tremors from a 6.6 magnitude earthquake that struck Afghanistan’s remote Hindu Kush mountains, jangled nerves and triggered panic across states in the North Indian belt on Tuesday evening.
In Delhi and adjoining areas of the national capital, panicked locals came out on the streets as the tremors struck.
The NCS said an earthquake of magnitude of 6.6 on the Richter Scale hit 133km SSE of Fayzabad, Afghanistan on Tuesday at 10:17 pm.
Following the tremours, Delhi Fire Services received calls about tilted buildings and cracks appearing in buildings from Jamia Nagar, Kalkaji and Shahdara areas.
Fire services teams rushed to these areas to take stock of the situation. However, authorities later confirmed that the buildings did not title post the earthquake.
“A PCR call regarding the tilting of a building due to the earthquake was received from the Shakarpur area. Police, PCR, Fire brigade and District Disaster Management Authority (DDMA) reached the spot. Apparently, no crack or tilt was observed in the building. The caller said he called as he suspected a tilt,” said Delhi Police.(ANI)

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#Earthquake #strikes #national #capital #day #row #Kashmir #News
( With inputs from : kashmirnews.in )

March 22, 2023
Mehbooba Visits Budgam, Demands Capital Punishment For Accused

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SRINAGAR: Former chief minister and the president of the People’s Democratic Party (PDP) Mehbooba Mufti on Saturday visited the Soibug area in central Kashmir’s Budgam district to express condolences to the family of a 30-year-old woman who was brutally murdered a week ago.
Mufti while expressing grief and outrage over the incident said, “This is a heart-wrenching incident, I have no words to express my grief. The entire area has been horrified. The police have done a great job and I hope the case will be fast tracked,” she said, adding that the culprit should hanged so that this kind of incident is it not repeated again.
Raising concerns about the rising violence against women, she said, “There has been a lot of violence against women, and it is high time to act so as to prevent things from getting worse.”
Mufti also raised the issue of domestic violence, which has prompted some women to commit suicide. “Domestic violence occurs in our households as well, and some women have killed themselves out of fear. Why are women killed so often? Why was this young woman killed?” she asked while urging the police to “act quickly to provide justice to the family.” (KNO)

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#Mehbooba #Visits #Budgam #Demands #Capital #Punishment #Accused
( With inputs from : kashmirlife.net )

March 18, 2023
India approves capital acquisition of military hardware worth Rs 70,584 cr

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New Delhi: India on Thursday approved capital acquisition of a plethora of indigenously-developed military hardware including indigenous BrahMos missiles, marine diesel engine, artillery gun system, electronic warfare suits and utility helicopters at a cost of Rs 70,584 crore as part of a mega procurement plan.
Out of the total acquisition plan, the Indian Navy’s proposals constitute more than Rs 56,000 crore, which largely included Shakti Electronic Warfare (EW) systems, maritime helicopters and other key equipment, officials said.
All the platforms and weapons systems are being procured from domestic sources.
The other key military hardware which are being procured included long range stand-off weapon (LRSOW), K-9 Vajra-T gun system, 155mm/52 caliber advanced towed artillery gun system (ATAGS) and gun towing vehicles (GTVs) for the Indian Army.
The approval to the procurement proposals has been accorded by the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh, an official statement said.
The approval for a medium speed marine diesel engine is seen as a significant step as for the first time, India is venturing into the development and manufacturing of such engines indigenously.
The go ahead to the fresh procurement proposals came amid the nearly three-year standoff along the Line of Actual Control in eastern Ladakh with China.
The DAC accorded Acceptance of Necessity (AoN) for capital acquisition amounting to Rs 70,584 crore and all the procurement will be made under the Buy (Indian-IDDM) category.

The total approval granted for capital acquisition in the financial year 2022-23 now stands at Rs 2,71,538 crore, out of which 98.9 per cent of the procurement will be sourced from the Indian industries, the officials said.
“Such quantum of indigenous procurement will not only galvanize the Indian industries towards achieving the goal of ‘Aatmanirbhar Bharat’ (self-reliant India) but also reduce India’s dependency on foreign vendors to a large extent,” Singh’s office tweeted.
About Navy’s proposals, the defence ministry said while the additional procurement of BrahMos missile system will enhance the maritime strike capabilities and anti-surface warfare operation, the addition of utility helicopters will multiply the operational readiness of the force.
Similarly, Shakti systems will equip and modernise the frontline Naval ships to counter any Naval operations by the adversaries, it said.
“To keep pace with the emerging technologies and counter the adversaries in the Western and Northern front, the necessity of the new weapons and its integration with the delivery platforms was felt by the government,” the ministry said.
“To achieve the same objectives, the DAC accorded the approval to Indian Air Force’s proposal for Long Range Stand-Off Weapon (LRSOW) which will be indigenously designed, developed and integrated on SU-30 MKI aircraft,” it said.
“For artillery modernisation, in addition to the ongoing Dhanush Gun System and K-9 Vajra-T Gun System, AoN for procurement of 155mm/52 Caliber Advanced Towed Artillery Gun System (ATAGS) along with High Mobility Vehicles (HMVs) and Gun Towing Vehicles (GTVs) for the Indian Army was accorded by the DAC,” it said.
“It (DAC) also accorded AoN for procurement of Advance Light Helicopters (ALH) MK-III from Hindustan Aeronautics Limited for the Indian Coast Guard. The helicopter will be able to carry a suite of surveillance sensors which will enhance the surveillance capabilities,” the ministry said.
“It will also give full night capability and Instrument Flight Rules (IFR) capability for operations of the Indian Coast Guard,” it said.
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#India #approves #capital #acquisition #military #hardware #worth
( With inputs from www.siasat.com )

March 16, 2023
Indian banks to issue bonds to maintain capital levels: CARE Ratings

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Chennai: With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of funds — deposits and borrowings are likely to increase, said CARE Ratings.
“To support credit-off take, banks are expected to shore up their liability franchise by raising capital (AT1 bonds, other debt instruments such as infrastructure bonds) and deposits. The market has been facing lower liquidity and elevated inflation, hence borrowing costs for deposits and the cost of raising capital are expected to increase,” the credit rating agency said in a report.
The banks are increasing their interest rates for deposits and plans for bonds issue. Further, profitability is also expected to support the capital base of the banks. Overall, the scheduled commercial banks (SCB) are expected to remain adequately capitalised in the near term.
All SCBs have maintained their Capital Adequacy Ratio (CAR) greater than the minimum required level for Q3FY23. The median CAR and Common Equity Tier 1 (CET-1) ratio of SCBs witnessed a rise in Q3FY23 over Q3FY22 and Q3FY21, the report notes.
According to CARE Ratings, the net profit of SCBs grew by 45 per cent year-on-year (y-o-y) to Rs 0.65 lakh crore in Q3FY23 driven by a higher pre-provisioning operating profit (PPOP) growth compared to a lower growth in provisions.
The net interest income growth and stability in non-interest income helped PPOP to grow by 28.5 per cent y-o-y to Rs 1.30 lakh crore in Q3Y23. Meanwhile, provisions rose by 9.1 per cent to Rs 0.38 lakh crore.
Public sector banks’ net profit rose by 64.3 per cent y-o-y to Rs 0.29 lakh crore in Q3FY23, meanwhile private sector banks’ grew by 32.2 per cent y-o-y to reach Rs 0.35 lakh crore in Q3FY23, the report added.
Return on Assets of SCBs improved by 28 bps y-o-y to 1.23 per cent. At present, banks are in a better position after navigating the Covid period and managing mounted NPAs.

Healthy credit growth, improvement in asset quality, and lower growth in provisions due to lower incremental slippages and reduction in restructuring books are expected to generate healthy net profit growth.
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#Indian #banks #issue #bonds #maintain #capital #levels #CARE #Ratings
( With inputs from www.siasat.com )

February 24, 2023
Fire breaks out at high-rise building in Bangladesh capital Dhaka

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Dhaka: A devastating fire broke out at a multi-storied building in Bangladesh’s capital Dhaka, with no death reported so far.
At least seven fire engines were fighting the fire on the sixth floor of the 12-storey building in Dhaka’s diplomatic area Gulshan, which is sending thick black smoke into the air visible at least several km away.
The cause of the fire, which broke out around 7 p.m. local time, has not been ascertained with the security officials yet to comment on the incident, Xinhua news agency reported.
No one knows how many are trapped inside the burning building though dozens of people were shortly evacuated from the building.
Several people reportedly jumped off the building in a bid to save themselves from the blaze.
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#Fire #breaks #highrise #building #Bangladesh #capital #Dhaka

( With inputs from www.siasat.com )

February 20, 2023
Five awarded capital punishment for killing family suspecting them of practising black magic

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Chaibasa: A local court on Wednesday awarded capital punishment to five persons in a case of triple murder that took place over a year ago due to suspicions that they were involved in witch craft.
The principal district and session Judge Vishwanath Shukla convicted the five and sentenced them to death for slitting the throats of a person named Salim Dhanga, his wife Belangi and their daughter Rahil at Podongair village on November 8, 2021.
The village is in Bandgaon police station limits in Jharkhand’s West Singhbhum district.
The court held the five – Markas Dahanga, Iliyas Dahanga, Kemba Dahanga, Daud Dahanga and Iliyas Dahanga alias Banka Banku guilty of killing the three victims and burying their bodies in the banks of Karo river to conceal evidence.
Few days before the incident Markas Dahanga had lost his daughter to an illness. His friends, however, convinced him that the girl had died due to the black magic practiced by his neighbour Salim Dhanga and his family. Markas then along with his accomplices killed the three in their house and buried the bodies, district superintendent of police Ashutosh Shekhar said.
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#awarded #capital #punishment #killing #family #suspecting #practising #black #magic

( With inputs from www.siasat.com )

February 16, 2023
Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

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New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said on Wednesday.
Presenting the budget in Lok Sabha, Sitharaman said the outlay for the railways is nine times the amount provided in 2013-2014.
She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertilizer, and food grain sectors have been identified and will be taken up on a priority basis with an investment of Rs 75,000 crore, including Rs 15,000 crore from private sources, she said.
With increased passenger expectations, the railways are planning to refurbish more than 1,000 coaches of premier trains such as Rajdhani, Shatabdi, Duronto, Humsafar, and Tejas. The interiors of these coaches will be improved with a modern look and for enhanced passenger comfort.
A significant allocation is likely to be made to replace old tracks as the railways plan to speed up trains and launch Vande Bharat Express in more destinations. Aimed at attracting tourists, the railways is proposing to manufacture 100 more Vistadome coaches.
In the budget, the government proposed to manufacture 35 hydrogen fuel-based trains, 4,500 newly designed automobile carrier coaches with side entry, 5,000 LHB coaches, and 58,000 wagons.
The railways were allocated Rs 1.4 lakh crore in the Union Budget for 2022-23, of which Rs 1.37 lakh crore was earmarked for capital expenditure and Rs 3,267 lakh crore for revenue expenditure.

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#Highestever #capital #outlay #lakh #crore #railways #budget
( With inputs from www.siasat.com )

February 1, 2023
Guide dupes Kashmiri pilgrims leaving them mid-way in Beirut (capital city of Lebanon) – Kashmir News

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Srinagar, Jan 21: A self-styled ‘Guide’ has duped at least 10 Kashmiri pilgrims, after taking money from them to show sacred shrines and places in Iran, Iraq and other countries, leaving them mid-way in Beirut, the capital city of Lebanon.
At least 10 pilgrims are stuck in Delhi this time, requesting Jammu and Kashmir Administration to help them return home as they are without money.
One of the pilgrims Ghulam Hasan Wani of Devar Yekmanpora village of Singhpora Pattan told the news agency Kashmir News Trust over the phone from Delhi that a Guide Syed Nasir from Harinara Pattan took Rs one lakh per person to help them in pilgrimage to Karbala and others sacred site.
“After performing pilgrimage, the guide left us mid-way in Beirut without informing us. He is still absconding. We suffered heavily as we were not having money with us. We sold our valuables including the earrings and gold chains of women pilgrims accompanying us. Somehow we have managed to reach New Delhi,” he said.
The pilgrims said that they have no money to return back to Valley as they have no money and are starving.
They appealed to LG Manoj Sinha led administration to help them in returning home and direct police to take action against the guide.
“We can’t narrate our sufferings in words. We are illiterates and yet he (Guide) left us in the lurch,” said a woman pilgrim. (KNT)

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#Guide #dupes #Kashmiri #pilgrims #leaving #midway #Beirut #capital #city #Lebanon #Kashmir #News
( With inputs from : kashmirnews.in )

January 21, 2023