The Madhya Pradesh legislative assembly on Thursday passed a bill that provides for recovery of losses from the people and organisations responsible for damaging public and private properties during protests.
Adopted after nearly two weeks of hectic negotiations, the first Global Stocktake deal, being termed the UAE consensus, urges countries to accelerate efforts toward the phase-down of unabated coal power, which is a climb down after India and China strongly resisted the singling out of coal.
Seven electric two-wheeler companies have suffered a cumulative loss of over Rs 9,000 crore on account of unpaid dues and loss of market after their subsidies were stopped last year, the Society of Manufacturers of Electric Vehicles (SMEV) said on Wednesday. These companies have also been directed by the govt to refund the subsidies availed by them. The audit by SMEV's chartered accountants indicates the total, cumulative damages to affected companies could account for over Rs 9,000 crore on a conservative basis, it noted.
'All professional players have been affected by these illegal rules (in force since 2001!) and can therefore now seek compensation for their losses.'
Nothing is more promising than countries putting aside hubris and ideological differences to invest in our shared future, observes Durga Sreenivasan, a delegate at COP28.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Their only surviving immediate family member, son Adiryan (14), was not in the vehicle with them.
Two passengers died and 75 others were rescued after a speed boat crashed into a ferry off the Mumbai coast. The ferry, carrying 80 passengers and five crew members, was on its way to Elephanta Islands when the speed boat circled it before crashing into it. The Navy and Coast Guard launched a massive rescue operation, with 11 Navy boats, three Marine Police boats, and a Coast Guard boat deployed. Four helicopters were also involved in the search and rescue operation. Police, Jawaharlal Nehru Port Authority personnel, and local fishermen are assisting in the rescue efforts. Chief Minister Devendra Fadnavis said that seven to eight passengers remain missing.
When the landslide hit, Sruthi's house was washed away, along with its inhabitants. She lost her entire family and some relatives. All she had left for a close confidante was her fiance Jenson. Days after the landslide and the loss of her family, Jenson died in a road accident that also left Sruthi with serious injuries. News of the accident and Sruthi's backdrop as the lone surviving member of a family wiped out in the July landslide, was picked up by the media, and people rushed to help.
Police have registered a case on charges of culpable homicide not amounting to murder against the driver of a BEST bus involved in an accident in Mumbai which claimed six lives and left 43 others injured, officials said on Tuesday.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The death toll in the BEST bus accident in Mumbai has risen to seven, officials on Tuesday said as experts inspected the wet leased vehicle to ascertain if it had any mechanical fault.
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
The overwhelming feeling at the end of COP 27 was that despite decades of meetings and landmark accords, like the Paris Agreement, the world was still not doing enough to slow the climate crisis, observes Ambassador T P Sreenivasan.
There is nothing to be worried about as bilateral ties are robust with solid foundations. Both are on the same page on the economic and defence/security ties bilaterally and globally and that shall continue irrespective of change in political dispensation in either country, points out Dr Rajaram Panda.
Soccer's player transfer system will be in the spotlight and could even be on the brink of collapse on Friday when the Court of Justice of the European Union (CJEU) announces its ruling on former France player Lassana Diarra's case against FIFA.
The chief minister and his wife Kamlesh Thakur presented a cheque of Rs 51 lakh to chief secretary Prabodh Saxena at their official residence in Shimla.
Andhra Pradesh Chief Minister N Chandrababu Naidu and his Telangana counterpart Revanth Reddy visited some inundated areas in their respective territories.
All efforts should be on relief, restoration and rehabilitation, Nadda told reporters in Shimla after visiting the rain-affected areas of Poanta in Sirmaur and Shimla town.
With the fight now having been taken to the seizure of nuclear plants, it is one more warning to Europe that this prolonged war could end up with disastrous consequences, observes Rashme Sehgal
'India's fundamentals are a lot better (than those of other emerging market economies).' 'India will suffer (witness a fall in its stock market) what I call the second order effect.' 'And the second order will happen when these funds (belonging to macro and hedge fund investors and which have leveraged Japanese yen-carry trades), because they lose money elsewhere as lot of their positions were financed by borrowing Japanese yen, will have to book profits in investment destinations where they are making money, including in markets like India.' 'They (these investors) will have to effectively sell in countries like India and which is the consequence (the crash in equity markets) that Indian markets might see.'
You may claim damages for alternative accommodation and interest on the payment made.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
According to the National Earthquake Monitoring and Research Centre, the earthquake with an epicentre in Jajarkot district was recorded at 11.47 pm.
ICICI Venture denied the allegations, noting it had extended the lifespan of the Dynamic India Fund III by three years
West Bengal Chief Minister Mamata Banerjee on Friday wrote to Prime Minister Narendra Modi, saying that her state would sever all ties with the Damodar Valley Corporation (DVC) for 'unilaterally releasing water', which led to floods in south Bengal districts.
Asserting that the world does not have much time to correct the mistakes of the last century, Prime Minister Narendra Modi on Friday announced a 'Green Credit Initiative' focused on creating carbon sinks through people's participation and also proposed to host the United Nations climate conference in 2028, or COP33, in India.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
Karnataka Chief Minister Siddaramaiah on Tuesday said 52 deaths have been reported so far due to pre-monsoon rains in the state, along with damage to properties, and directed officials concerned to provide immediate relief.
Tourism is badly affected. Entire apple orchards have been washed away. 2 million people are threatened with loss of livelihood.
This rainy season, don't just prepare for storms but also make your finances rain-proof, says Amar Pandit.
The 77th Independence Day on Tuesday was a low-key affair in Himachal Pradesh with the traditional cultural programmes missing from official and district-level functions as the state mourns the deaths and destruction caused by incessant rains.
Since the onset of the monsoon on June 24, 217 persons have died in rain-related incidents in Himachal Pradesh.
Manipal Group chairman Ranjan Pai is in early discussions to invest in Byju's-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju's founder and chief executive officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million (about Rs 650-740 crore). Raveendran may use the money to repay a large part of the Rs 800 crore loan that Byju's raised from US-based investment firm Davidson Kempner Capital Management in May, after facing a 'technical default', the sources said.
Insurers have eased the documentation process to file claims so that they can be settled faster
The state has suffered losses of Rs 4,000 crore and the figure is likely to go up as estimates continue to pour in, he said.
Questions that the state had come to recognise over time but consistently delayed treating seriously because doing so requires an overhaul of perspective and lifestyle, notes Shyam G Menon.
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