Tag: highest

KKK 13: Not Shiv, but THIS female celeb is highest paid contestant

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Mumbai: Khatron Ke Khiladi 13 is all set to go on floors soon. Makers have finalised the list of contestants who will be flying to the exotic filming locations of South Africa this month. The shooting will begin by the end of May or June first week.
Highest Paid Contestant Of Khatron Ke Khiladi 13
KKK 13 is creating a buzz not only for its list of contestants but also for their hefty paychecks. Earlier, it was reported that Shiv Thakare is the highest-paid contestant in the latest season. It was said that he is demanding a whopping Rs 10L to 12L per week, which means Rs 5-6L per episode.
However, the latest buzz has it that Bollywood actress Daisy Shah has emerged as the highest-paid participant in the show, surpassing earlier reports that suggested Shiv Thakare held the title. According to sources, Daisy is charging a bomb remuneration of Rs 15L per episode which means she will be taking home Rs 30L per week! Pretty fancy paycheck, isn’t it?

While there is no official confirmation from the makers of the show or the contestants regarding their fees, the report suggests that Daisy Shah’s fee is justified by her star power and popularity among the audience.
More About KKK 13 Contestant Daisy Shah
Daisy Shah made her acting debut in a lead role in the 2011 Kannada film Bhadra. She then appeared opposite Salman Khan in the 2014 Hindi film Jai Ho. In 2015, she was a part of Hate Story 3 and in 2018 she was seen in Race 3. Daisy’s participation in Khatron Ke Khiladi 13 marks her return to reality TV after a gap of several years.
The actress is now expected to bring her experience and talent to the show and add to its entertainment value!
Are you excited to see Daisy Shah in Khatron Ke Khiladi 13? Comment below.
Stay tuned to Siasat.com for more interesting scoops and updates on KKK 13.

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#KKK #Shiv #female #celeb #highest #paid #contestant
( With inputs from www.siasat.com )

May 10, 2023
After A Decade, Three JK Stations Record Highest 24-Hour Rainfall

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SRINAGAR: Amid fresh snowfall at several places in the Valley, Jammu and Kashmir has continued to receive intermittent rainfall for the last few days, bringing down the mercury in the Union Territory. A few stations including Qazigund and Kokernag in South Kashmir’s Anantnag district, and Banihal in Jammu division recorded massive precipitation in the last 24 hours.
The twin stations in South Kashmir, Qazigund and Kokernag, witnessed the highest rainfall in the last 24 hours after a gap of 13 years, where 49.8 mm and 62.2 mm rainfall were recorded, respectively. The data shared by the Meteorological department (MeT) reveals that Banihal in Jammu division recorded a rainfall of 40.2 mm in the last 24 hours after a gap of 10 years.
As per the data, J&K received the highest-ever 24-hour rainfall of 66.2 mm in the month of May on 23rd in the year 1987. Nonetheless, the data shows that the average rainfall of 16.8 mm was recorded in Jammu & Kashmir in the last 24 hours.
The data shows that the highest rainfall of 88.0 mm in Qazigund was recorded on May 23, 1965, which is nearly 50 per cent lower than the last 24 hours of rainfall recorded at the station. In Kokernag, the highest rainfall of 67.7 mm was recorded on May 29, 2010, which is a few mm lower than the last 24-hour rainfall recorded at the station.
At Banihal station, the highest-ever rainfall of 24 hours was recorded on May 23, 1965, at 101.6 mm, which is nearly 60 per cent less than the last 24 hours’ rainfall.
However, Srinagar, the summer capital of Jammu and Kashmir, recorded a rainfall of 1.6 mm in the last 24 hours till 08:30 AM while Pahalgam in South Kashmir recorded a rainfall of 15.1 mm, as per the official data.
As per the data, Gulmarg recorded a rainfall of 10.8 mm in the last 24 hours while Batote in Jammu division recorded a rainfall of 20.3 mm.
Deputy Director, MeT, Dr Mukhtar Ahmad, when contacted, told KNO that there was nothing new in the frequent wet spell in the month of May. “The precipitation in the month of May has not been witnessed in the past couple of years. That doesn’t mean that the rainfall during the ensuing month is unusual,” he said.

Last year in May, Jammu & Kashmir recorded a rainfall of 124.5 mm, while the highest with 28.6 mm rainfall was recorded on May 05.
Moreover, some areas in Kashmir, including higher reaches of Kulgam, Tulail Gurez, Gulmarg, and others, experienced fresh snowfall since Sunday evening.
Meanwhile, Director MeT, Sonum Lotus, said that there would be a significant improvement in the weather conditions from tomorrow. Still, he stated that as per the forecast, the weather would remain mainly dry, but the rains and thunderstorm in the late afternoon or evening cannot be ruled out at some places.
From May 10-15, the weather would remain mainly dry while the temperature would also go up as the warmer days are expected from May 10 onwards, he said.
Besides, the day temperature has also plummeted in J&K parts while an Independent Weather Forecaster, Faizan Arif Keng, said that February-like weather conditions were witnessed in parts of Jammu and Kashmir.
In Srinagar, he said that the day temperature settled at 13.6 degree Celsius, which is 10.0 degree Celsius below normal, adding that the mercury settled at 2.2 degree Celsius in Gulmarg, which is 12.0 degree Celsius below normal while Pahalgam recorded a maximum temperature of 8.1 degree Celsius, which is 12.1 degree Celsius below normal.
Many other stations like Qazigund, Kokernag, Kupwara, Jammu, Banihal, Batote, Bhaderwah and Katra also recorded below normal temperature today. (KNO)

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( With inputs from : kashmirlife.net )

May 8, 2023
After a decade, 3 J&K stations record highest 24-hr rainfall; Kashmir parts receive fresh snowfall

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Srinagar, May 08: Amid fresh snowfall at several places in the Valley, Jammu and Kashmir has continued to receive intermittent rainfall for the last few days, bringing down the mercury in the Union Territory while a few stations including Qazigund and Kokernag in South Kashmir’s Anantnag district and Banihal in Jammu division recorded a massive precipitation in the last 24 hours.
According to the data available with the news agency—Kashmir News Observer (KNO), the twin stations in South Kashmir including Qazigund and Kokernag witnessed highest rainfall in the last 24 hours after the gap of 13 years where 49.8 mm and 62.2 mm rainfall was recorded respectively.
The data shared by the Meteorological department (MeT) here, reveals that Banihal in Jammu division has recorded a rainfall of 40.2 mm in the last 24 hours after a gap of 10 years.
As per the data, J&K has received the highest-ever 24-hour rainfall of 66.2 mm in the month of May on 23rd in the year 1987.
Nonetheless, the data shows that the average rainfall of 16.8 mm was recorded in Jammu & Kashmir in the last 24 hours.
The data shows that the highest rainfall of 88.0 mm in Qazigund was recorded on May 23, 1965, which is nearly 50 per cent lower than the last 24 hours of rainfall recorded at the station.
In Kokernag, the highest rainfall of 67.7 mm was recorded on May 29, 2010, which is a few mm lower than the last 24 hour rainfall recorded at the station.
At Banihal station, the highest-ever rainfall of 24 hours was recorded on May 23, 1965 at 101.6 mm, which is nearly 60 per cent less than the last 24 hours rainfall.

However, Srinagar, the summer capital of Jammu and Kashmir, has recorded a rainfall of 1.6 mm in the last 24 hours till 08:30 AM while Pahalgam in South Kashmir has recorded a rainfall of 15.1 mm, the official data reveals.
As per the data, Gulmarg recorded a rainfall of 10.8 mm in the last 24 hours while Bataote in Jammu division has recorded a rainfall of 20.3 mm.
Deputy Director, MeT, Dr Mukhtar Ahmad when contacted told KNO that there was nothing new in the frequent wet spell in the month of May. “The precipitation in the month of May has not been witnessed in the past couple of years.That doesn’t mean that the rainfall during the ensuing month is unusual,” he said.
Last year in the month of May, Jammu & Kashmir as per the data has recorded a rainfall of 124.5 mm while the highest with 28.6 mm rainfall was recorded on May 05.
Moreover, some of the areas in Kashmir including higher reaches of Kulgam, Tulail Gurez, Gulmarg and others experienced fresh snowfall since Sunday evening.
Meanwhile, Director MeT, Sonum Lotus said that there would be a significant improvement in the weather conditions from tomorrow, but stated that as per the forecast the weather would remain mainly dry, but the rains and thunderstorm in the late afternoon or evening cannot be ruled out at some places.
From May 10-15, the weather would remain mainly dry while the temperature would also go up as the warmer days are expected from May 10 onwards, he said.
Besides, the day temperature has also plummeted in J&K parts while an Independent Weather Forecaster, Faizan Arif Keng said that February-like weather conditions were witnessed in parts of Jammu and Kashmir.
In Srinagar, he said that the day temperature settled at 13.6 degree Celsius, which is 10.0 degree Celsius below normal, adding that the mercury settled at 2.2 degree Celsius in Gulmarg, which is 12.0 degree Celsius below normal while Pahalgam recorded a maximum temperature of 8.1 degree Celsius, which is 12.1 degree Celsius below normal.
Many other stations like Qazigund, Kokernag, Kupwara, Jammu, Banihal, Batote, Bhaderwah and Katra also recorded below normal temperature today—(KNO)
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#decade #stations #record #highest #24hr #rainfall #Kashmir #parts #receive #fresh #snowfall
( With inputs from : roshankashmir.net )

May 8, 2023
Paytm logs Rs 7,990 cr revenue in FY23, becomes India’s highest earning new-age firm

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New Delhi: Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a high note.
In Q4 FY23, the company’s revenue surged by 51 percent (year-on-year) to reach Rs 2,334 crore, while the full-year revenue increased by 61 percent YoY to Rs 7,990 crore, making it the highest earning new-age company.
In Q4, Paytm further grew its operating profit by Rs 234 crore. In Q4, Paytm’s EBITDA before ESOP costs, excluding UPI incentives, rose to Rs 101 crore, a significant improvement from the previous fiscal’s Q4 figure of (Rs 368 crore).

This was achieved by the increased pace of monetisation, better cost management, and higher operating leverage, said the company.
In the fourth quarter, Paytm’s payments revenue grew by 41 percent YoY to Rs 1,467 crore.
According to the company, including only current quarter’s UPI incentive only, net payments margin for Q4 FY 2023 was Rs 554 crore, up 107 percent YoY. In the current fiscal year, net payments margin increased 2.9x to Rs 1,970 crore, demonstrating the profitability of the payment business, despite the higher share of UPI.
Excluding prior quarters’ UPI incentive, payments revenue grew 28 percent YoY. For FY23, led by increase in payment volume, and higher subscription revenue from device merchants, the payment revenue increased 44 percent to Rs 4,928 crore in FY23.
Paytm significantly increased its loan distribution business with revenue from financial services and others growing 183 percent YoY to Rs 475 crore in Q4 FY 2023 and by 253 percent in FY 2023 to Rs 1,540 crore. This was largely on account of a 364 percent increase in the value of loans disbursed through its platform, said the company.

The company continues to monetise Paytm app traffic in its commerce and cloud segment by providing marketing services to its merchants. In Q4 FY 2023, Paytm’s commerce and cloud revenue grew by 23 percent YoY to Rs 392 crore.
In FY 2023, commerce and cloud revenue grew by 38 percent to Rs 1,520 crore.
Paytm’s contribution margin improved from 30 percent in FY 2022 to 49 percent in FY 2023, due to improved payments profitability, and growth in high margin loan distribution business.
The company’s user engagement on the platform continues to grow, with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent YoY to 90 million, indicating a growing adoption of digital payments by consumers and merchants in India.
The company’s Gross Merchandise Value (GMV), which stood at Rs 3.62 lakh crore for Q4 FY 2023, saw an increase of 40 percent YoY.
The company’s loan distribution business, in partnership with marquee lenders, has continued to scale, with the total number of loans growing to 1.2 crore in Q4FY23, up 82 percent YoY, and the total value of loans amounting to Rs 12,554 crore, registering a growth of 253 percent YoY.
Paytm claims its vision is to onboard 10 crore merchants with over 50 crore payment users in the near future. The decacorn has seven lending partners and they aim to enlist 3-4 partners in FY 2024.
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#Paytm #logs #revenue #FY23 #Indias #highest #earning #newage #firm
( With inputs from www.siasat.com )

May 5, 2023
Jk Bank Nets Rs 1197 Cr Profit, Highest In Eight Years

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SRINAGAR: Adding a historic milestone to its remarkable journey, JK Bank recorded Rs 1197 Cr as net profit for the FY 2022-23 as the Bank’s highest-ever annual profit. Along with a decadal-high Capital Adequacy Ratio (CRAR) of 15.39% and eight-year best gross NPA figure at 6.04%, the Bank also registered its best-ever Q4 profit of Rs 476 Cr to successfully deliver its better-than-promised annual and quarterly performance.
The bank declared its annual and Q4 results today after its Board of Directors approved the numbers in a meeting held here at the bank’s Corporate Headquarters.
Performance Highlights
Aided by good recoveries, J&K Bank today delivered its best-ever net profit of Rs 1197 Cr for the FY 2022-23 and registered Rs 476 Cr as net profit for the January-March quarter of the FY 2022-23.
With Net Interest Margin (NIM) for the FY 2022-23 at 3.89 % against 3.50% recorded last year, the Bank’s operating income increased by 18% YoY to Rs 5502 Cr while as the other Net Interest Income (NII) grew 21% YoY to Rs 4745 Cr.
Bank’s Yield on Advances rose annually to 8.91% from 8.32%, while as the CD and CASA ratios stood at 67.43% and 54.10% respectively for the reviewed financial year.
Asset-Quality
The Bank’s gross and net NPA as percentages to gross and net advances improved considerably to 6.04% and 1.62% respectively when compared to 8.67 % and 2.49%, recorded last year.

The Bank’s Return on Assets jumped from 0.42% to 0.89% for the FY 2022-23, while as the NPA Coverage Ratio of the Bank improved to 86.20% against 84.26% recorded a year ago.
Capital-Cushion
After raising over Rs 1021 Cr as (tier-II) capital and significant internal accruals during the FY 2022-23, the Bank’s Capital Adequacy Ratio witnessed marked improvement of 216 bps to 15.39% from 13.23% recorded last year; thereby ensuring adequate availability of capital to support business growth while maintaining the regulatory buffer comfortably.
Business Growth
With advances growth outpacing the increase in deposits, the Bank’s advances grew by 17% to Rs 82285 Cr while as the deposits increased by around 6% to Rs 122038 Cr posting growth of 10% in the overall business of the Bank.
MD&CEO-Speak
Commenting upon the annual numbers, MD & CEO Baldev Prakash said, “With historic yearly profit, highest-ever quarterly net, decadal high CRAR, best asset-quality figures over last 8 years; it’s a great feeling to deliver better-than-promised annual numbers. I feel completely satisfied to see that we have gotten better at operating our business efficiently.”
“Looking back to March 2022 with these set of numbers, I see an unmistakable shift in performance as well as the functioning of Bank. Right from financials, operations and business to compliance and vastly improved corporate governance, the leap from turn-around to transformation is quite perceptible as well as promising”, he added.
Attributing the accomplishment to Bank staff, MD & CEO said, “I am happy to dedicate this historic and resounding success to the entire J&K Bank family that once again rose to the occasion and honoured the trust of all our stakeholders including customers by achieving most of the targets while improving upon the everyday functioning of the Bank”, adding, “I also express my profound gratitude to our patrons and promoters i.e. J&K Government and Ladakh Administration for their support and guidance throughout this journey.”
Regarding the marked improvement in CAR and GNPAs, MD stated, “Keeping thrust on strengthening the Balance Sheet by way of capital augmentation and NPA reduction, we have achieved Asset Quality figures that are the best in last eight years along with a decadal high CRAR.”
“Post-revamp of business strategy to reduce concentration risk, our loan book in ROI has already grown by above 20% during FY 2022-23 consequently improving the contribution of ROI loan book to 32% of total advances of the Bank”, said the MD on Bank’s sharpening focus on business in rest of the country.
He further said, “While making our balance-sheet stronger on daily basis, we have now entered into a progressive-phase wherein business-growth coupled with process excellence is all set to yield better returns for all stakeholders of the Bank. To ensure ease of banking for our clients, we have already enabled around 4 Lac customers on STP Platform for retail-loan processing with a turn-around-time of just 2-minutes, which has helped in reducing the footfall at branches drastically”, while adding, “With many cutting-edge technological solutions like Customer Relationship Management, WhatsApp banking, Cloud Application along with Artificial Intelligence & Machine Learning based Analytics at advanced stages of completion, I see J&K Bank well on its path to become one of the most agile, efficient and digitally smarter banks in the country soon.”

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( With inputs from : kashmirlife.net )

May 5, 2023
Which Country Pays The Highest Salary In The World? Not USA or UK – Kashmir News

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World Highest Paid Country: May 1 marks International Labor Day, a time to reflect on the state of workers worldwide. A recent report reveals the average salary of 23 countries in the world where citizens earn less than Rs. 1 lakh. Among these countries, India is also included, where the average salary is ranked at number 29 globally. This ranking is below countries such as Turkey, Brazil, Argentina, Indonesia, Colombia, Bangladesh, Venezuela, Nigeria, Egypt, and Pakistan.
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However, the report also highlights the top 10 countries where people earn the highest salaries. Switzerland, Luxembourg, Singapore, USA, Iceland, Qatar, Denmark, UAE, Netherlands, and Australia take the lead, offering the highest average monthly salaries to their citizens.
The top three countries on this list are Switzerland, Luxembourg, and Singapore, where citizens earn more than Rs. 4 lakh per month on average. Specifically, the average monthly salary in Switzerland is Rs. 4,98,567, in Luxembourg it is Rs. 4,10,156, and in Singapore, it is Rs. 4,08,030.
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Following closely behind are countries like the USA, Iceland, Qatar, Denmark, UAE, Netherlands, Australia, Norway, Germany, Canada, UK, Finland, Austria, Sweden, France, Japan, South Korea, Saudi Arabia, Spain, Italy, South Africa, China, Greece, Mexico, and Russia, where citizens earn varying monthly salaries.
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The list of countries with their average monthly salaries are as follows:
1. Switzerland: $6,096 (Rs 4,98,567)2. Luxembourg: $5,015 (Rs 4,10,156)3. Singapore: $4,989 (Rs 4,08,030)4. USA: $4,245 (Rs. 3,47,181)5. Iceland: $4,007 (Rs 3,27,716)6. Qatar: $3,982 (Rs 3,25,671)7. Denmark: $3,538 (Rs 2,89,358)8. UAE: $3,498 (Rs 2,86,087)9. Netherlands: $3,494 (Rs 2,85,756)10. Australia: $3,391 (Rs 2,77,332)11. Norway: $3,289 (Rs. 2,68,990)12. Germany: $3,054 (Rs 2,49,771)13. Canada: $2,997 (Rs 2,45,109)14. UK: $2,924 (Rs 2,39,139)15. Finland: $2,860 (Rs 2,33,905)16. Austria: $2,724 (Rs 2,22,782)17. Sweden: $2,721 (Rs 2,22,534)18. France: $2,542 (Rs 2,07,894)19. Japan: $2,427 (Rs 1,98,489)20. South Korea: $2,243 (Rs 1,83,441)21. Saudi Arabia: $2,002 (Rs 1,63,731)22. Spain: $1,940 (Rs. 1,58,660)23. Italy: $1,728 (Rs 1,41,322)24. South Africa: $1,221 (Rs 99,857)25. China: $1,069 (Rs 87,426)26. Greece: $914 (Rs. 74,749)27. Mexico: $708 (Rs 57,902)28. Russia: $645 (Rs 52,750)29. India: $573 (Rs 46,861)30. Turkey: $486 (Rs 39,746)31. Brazil: $418 (Rs 34,185)32. Argentina: $415 (Rs 33,939)33. Indonesia: $339 (Rs 27,724)34. Columbia: $302 (Rs. 24,698)35. Bangladesh: $255 (Rs 20,854)36. Venezuela: $179 (Rs 14,639)37. Nigeria: $160 (Rs 13,085)38. Egypt: $145 (Rs 11,858)39. Pakistan: $145 (Rs. 11,858) (DNAindia.com)

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#Country #Pays #Highest #Salary #World #USA #Kashmir #News
( With inputs from : kashmirnews.in )

May 3, 2023
JK Records Highest SGST Growth Rate In The Country At 44.5%: Govt

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SRINAGAR: On Monday, an official press release stated that the Union Territory of Jammu and Kashmir experienced an exceptional surge in GST collections during April 2023. The total collections for the month reached Rs 917.85 crores, which is a remarkable increase of Rs 215.77 crores from the April collections of the previous year. This represents a growth rate of 30.73 percent.
As per Ministry of Finance data released today, the SGST growth rate in the aforementioned region has been among the highest in the country, showing a significant increase of 44.51 percent compared to the same period last year. Additionally, there has been a growth of 22 percent in IGST settlement in comparison to the previous financial year.
Moreover, the State Taxes Department reported that the GST collections for April 2023 are the highest-ever recorded since the implementation of GST. This is noteworthy because the previous best-ever collections for a month in terms of SGST cash and IGST monthly average in the last financial year were over Rs 600 crores, according to the release.
The monthly GST collections in the financial year 2021-2022 were Rs 496.95 crores. Recently, the SGST cash collections have been steadily increasing and have gained national attention due to the record growth in Jammu and Kashmir in April 2023, which has surpassed all previous records since the inception of GST.
The State Taxes Department has successfully expanded the tax base from 1.17 Lakh in 2021-22 to 1.34 Lakh in the financial year 2022-23. Additionally, the department granted around 25982 new registrations during the same period.
This increase in revenue collections can be attributed to the department’s efforts in improving compliance behaviour by taxpayers and providing proactive support for GST compliance. The department has also used various IT tools like BIFA, GST Prime, and GST BO portal, along with human intelligence to identify and take action against defaulters. As a result, 8800 cancellations were made in the financial year 2022-23.
Furthermore, honest taxpayers have been recognized and rewarded through the department’s tax awareness program “KARTAVYA,” which was recently launched by the Lieutenant Governor of UT of Jammu and Kashmir, according to the press release.

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#Records #Highest #SGST #Growth #Rate #Country #Govt
( With inputs from : kashmirlife.net )

May 2, 2023
GST collection rises 12% to Rs 1.87 lakh cr in April, highest ever collection

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New Delhi: GST collection grew by 12 per cent in April to Rs 1.87 lakh crore, the highest monthly mop-up since the rollout of the indirect tax regime.
The gross GST revenue collected in the month of April 2023 is Rs 1,87,035 crore of which CGST is Rs 38,440 crore, SGST is Rs 47,412 crore, IGST is Rs 89,158 crore (including Rs 34,972 crore collected on import of goods) and cess is Rs 12,025 crore, the finance ministry said in a statement.
The previous high collection of Rs 1.68 lakh crore was in April last year.

“The revenues for the month of April 2023 are 12 per cent higher than the GST revenues in the same month last year,” the ministry said.
During the month, the revenues from domestic transactions (including import of services) are 16 per cent higher than the revenues from these sources during the same month last year.
The total gross collection for the 2022-23 fiscal stood at Rs 18.10 lakh crore, 22 per cent higher than the previous year.
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#GST #collection #rises #lakh #April #highest #collection
( With inputs from www.siasat.com )

May 1, 2023
‘Endless record heat’ in Asia as highest April temperatures recorded

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Asia is experiencing weeks of “endless record heat”, with sweltering temperatures causing school closures and surges in energy use.
Record April temperatures have been recorded at monitoring stations across Thailand, Myanmar, Laos and Vietnam, as well as in China and South Asia.
On Tuesday, four weather stations in Myanmar hit or matched record monthly temperatures, with Theinzayet, in eastern Mon state, reaching the highest, at 43C (109.4F). On Wednesday, Bago, north-east of Yangon, reached 42.2C, matching an all-time record previously recorded in May 2020 and April 2019, according to Maximiliano Herrera, a climatologist and weather historian.
There had been “endless record heat in south-east Asia, with weeks of records falling every day,” said Herrera.
In Thailand last weekend the authorities advised people in Bangkok and other areas of the country to stay home to avoid becoming ill. Temperatures hit 42C in the capital on Saturday, and the heat index – meaning what the temperature feels like combined with humidity – reached 54C.
Many still braved the sticky weather – sheltering under umbrellas and carrying fans to stay cool, or seeking respite in air-conditioned malls. In some areas, water has been sprinkled from apartment or university buildings, to ease temperatures and air pollution caused by seasonal agricultural burning.
Rain on Wednesday in Bangkok brought respite from the heat, and the authorities have said they believe the hot season has now peaked.
The hot weather has contributed to record electricity consumption in Thailand, with the country consuming more than 39,000 megawatts on 6 April – higher than the previous record of 32,000 megawatts in April last year.

In the Philippines, managing the heat is a particular challenge because the school calendar shifted during the pandemic, meaning students now spend the hottest months of the year in their classrooms. Hundreds of schools have switched to distance learning to prevent students from falling ill, while one teacher’s group has called for shorter teaching times and smaller class sizes to ease conditions.
Last month, more than 100 students were treated in hospital in Laguna, south-east of Manila, due to dehydration after taking part in a fire drill when temperatures were between 39C and 42C.
Globally, 2022 ranked as one of the hottest years on recorded, and the past eight years were collectively the hottest documented by modern science. It is believed that a return of the El Niño weather phenomenon this year will cause temperatures to rise even further.
“The poorest of the poor are going to [suffer] the most. Especially, it is devastating for the farming community, the people who are dependent on agriculture or fishing,” said Dr Fahad Saeed, regional lead for South Asia and the Middle East at Climate Analytics, a climate science policy institute.
“The heat is not foreign to this part of land,” he said, but added that temperatures were rising beyond the limits of people’s adaptability.
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In Bangladesh, temperatures rose above 40C in the capital, Dhaka, earlier this month, marking the hottest day in 58 years and causing road surfaces to melt.
The International Centre for Integrated Mountain Development (Icimod), an intergovernmental group, has raised particular concern about the impact of global heating on the Hindu Kush Himalaya region.
The region holds the third largest body of frozen water in the world, and is warming at double the global average, according to the Icimod. “In the most optimistic scenario, limiting global warming to 1.5C, the region stands to lose one third of its glaciers by 2100 – creating huge risk to mountain communities, ecosystems and nature and the quarter of humanity downstream,” said Deepshikha Sharma, a Climate and Environment Specialist at Icimod.
“Human-induced climate change is the major cause of the growing number and ferocity of heat-waves we’re seeing across Asia. These signal to the fact that the climate emergency is here for this region,” said Sharma, who called for faster emissions reductions and increased investment to help protect areas adapt.
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( With inputs from : www.theguardian.com )

April 27, 2023
Reliance reports highest ever quarterly net profit of Rs 19,299 cr

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New Delhi: Reliance Industries Ltd on Friday reported its highest-ever quarterly net profit of Rs 19,299 crore in January-March on the back of stronger earnings from the oil and petrochemicals business and steady growth in retail and telecom operations.
The oil-to-retail-to-telecom conglomerate’s consolidated net profit of Rs 19,299 crore, or Rs 28.52 per share, in January-March compares to Rs 16,203 crore, or Rs 23.95 a share, earnings in the same period a year back, according to the company’s stock exchange filing and press statement.
A stronger margin from refining crude oil into products like petrol and diesel, resilient fuel exports earnings on lower windfall tax and chemical business witnessing a buoyancy from the use of ethane as feedstock drove oil-to-chemical (O2C) business.

While higher subscriber additions and stable ARPU (average revenue per user) helped boost the telecom segment’s earnings, the retail segment was driven by an increased store footprint.
Analysts had forecast a decline in net profit as they saw continued weakness in petrochemicals margins. But using ethane imported from the US helped the company as its prices softened during the quarter.
The total income rose to Rs 2.19 lakh crore from Rs 2.14 lakh crore a year back.
Sequentially, the net profit was up 22 per cent from Rs 15,792 crore in October-December 2022.
For the full fiscal (April 2022 to March 2023), Reliance reported its highest-ever net profit of Rs 66,702 crore on a revenue touching close to Rs 10 lakh crore. The firm had a net profit of Rs 60,705 crore on a revenue of Rs 7.36 lakh crore in the preceding fiscal.

Operationally, all businesses were firing all cylinders. EBITDA at Rs 41,389 crore, was up 22 per cent year-on-year.
The mainstay oil refining and petrochemicals business, called O2C, posted a 14.4 per cent rise in EBITDA to Rs 16,293 crore. While digital services, which includes telecom, EBITDA at Rs 12,767 crore was 17 per cent higher, retail EBITDA was up 33 per cent at 4,769 crore. Oil and gas EBITDA more than doubled to Rs 3,801 crore – an 8-year high.
For telecom, EBITDA was driven by 29 million overall net customer additions. Blended ARPU, whereas, was almost flat at Rs 178.8.
In retail, it increased the number of stores to 18,040 from 17,225 in the preceding quarter. Store footfall soared 41.3 per cent to 219 million.
Reliance said the windfall profit tax on the export of diesel and ATF impacted the profit for the quarter at Rs 711 crore, down from Rs 1,898 crore in the preceding three months.
The government in July 2022 slapped a new tax on the export of petrol, diesel and jet fuel (ATF) as well as on domestically produced crude oil to scoop some of the gain being made by companies from higher global energy prices.
Telecom arm Jio reported a 15.6 per cent rise in net profit to Rs 4,984 crore on a higher customer base of 439.3 million.
Retail business net profit was up 13 per cent to Rs 2,415 crore on the addition of more stores, growth across consumption baskets and rising contribution from digital channels led to a rise in retail segment profits.
The company said its net debt after considering Rs 1,93,282 crore cash balance was lower than annualised EBITDA.
Commenting on the results, Mukesh D Ambani, Chairman and Managing Director, Reliance Industries Ltd, said the firm’s initiatives in digital connectivity and organised retail are driving greater efficiencies in the economy and contributing to India’s emergence as one of the fastest-growing economies in the world.
“Jio continues to digitally empower millions of citizens across the nation, extending True 5G reach to 2,300+ cities and towns in a short span of 6 months,” he said. “Retail business registered excellent growth numbers backed by the expansion of physical and digital footprint and a significant increase in footfall.”
Also, the firm continues to expand its product base across consumption baskets, ensuring our customers get world-class products at affordable prices.
“O2C segment posted its highest-ever operating profit despite global uncertainties and disruptions in commodity trade flows. Our oil and gas segment also delivered very strong growth and is now poised to contribute nearly 30 per cent of India’s domestic gas production,” he said.
Ambani said Reliance has proposed to demerge its financial services arm and list the new entity ‘Jio Financial Services Ltd’. “This gives our shareholders an opportunity to participate in an exciting new growth platform from inception.”
Implementation of New Energy giga factories at Jamnagar is making significant progress, he noted.
Reliance’s annual EBITDA crossed the benchmark of Rs 1.5 lakh crore for the first time; the record-high EBITDA stood at Rs 154,691 crore, up 23.1 per cent year-on-year.
Capital expenditure for the year was Rs 1,41,809 crore. Net debt as of March 31, 2023, was Rs 1,10,218 crore, substantially below the annual EBITDA.
EBIDTA and net profit have doubled in last 5 years.
With incremental gas production from the MJ field, along with ongoing production from R Cluster and Satellite Cluster fields, Block KG-D6 production is expected to reach around 30 million standard cubic metres per day in FY24.
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( With inputs from www.siasat.com )

April 21, 2023