Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
Describing the Central Vista project as 'vital and essential', the Delhi high court on Monday allowed construction work on the project to continue and imposed a fine of Rs 1 lakh on the petitioners for their 'motivated' plea.
The "intentions and motive" behind filing of the plea are evident from the fact that the instant project has been singled out by the petitioners despite several other agencies, including Delhi Metro, carrying out construction activities across the national capital, the Centre has alleged.
The Supreme Court on Friday refused to entertain a plea against deferment of hearing on a public interest litigation seeking direction to halt construction activity at the Central Vista Avenue Redevelopment Project during the prevailing COVID-19 pandemic but gave liberty to petitioners to approach the Delhi high court for urgent listing of the matter.
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