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Eco/Invest/Demography

FADA disappointed over auto sales

New Delhi: Automobile dealers' body FADA on Tuesday termed the current festive season as the worst in terms of business in a decade for its retail partners across the countryThe industry body, which represents over 15,000 auto dealers that own over 26,500 outlets...

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PM Modi launches ‘Infrastructure for Resilient Island States’ for most vulnerable countries impacted by climate change

Glasgow: India on Tuesday launched an ambitious initiative for developing the infrastructure of small island nations, with Prime Minister Narendra Modi saying it will give a new hope, a new confidence and satisfaction of doing something for the most vulnerable...

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India’s Tata Sons selected as winning bidder for Air India – Report

India’s finance ministry said on Friday reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India were incorrect.
“Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken.”
Panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd, the report said.

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Govt ready with the blueprint to manage disasters in India: Amit Shah

Govt ready with the blueprint to manage disasters in India: Amit Shah

Now, the government has also prepared a plan to integrate all the agencies and departments, even the smallest of the units. Whether it is a small village or a big metro city or a remote district, or a coastal city, every place has a plan ready to respond to the disaster.    
The change in approach has yielded very good results, the 1999 cyclone alone killed 10,000 people and this year there have been three cyclones but the death toll is not more than 50.

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Coal power plant pollution in India could lead to additional premature deaths in 6 cities: Study

Dr Rachel Huxley, Head of Knowledge and Research at ‘C40 Cities’ said, “Current national plans would expand the coal fleet by 28 per cent between 2020 and 2030 and not reducing it by 20 per cent, threatening the health and well-being of the urban residents in Delhi while undermining India’s climate and air quality targets.” She further stated, “Current national plans could nearly double the number of annual premature deaths from coal power plants air pollution in the city.”

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Unemployment, Covid-19 top most worries for urban Indians: Survey

Elaborating on the findings, Amit Adarkar, CEO, Ipsos India said, “We see uptick in worry levels for unemployment by 2 per cent, while worry levels for Covid-19 has seen a slight dip of 5 per cent — but now both are placed neck to neck — Covid impacted the job market considerably due to the shutdown and restrictions — now with the cautious reopening, worry levels around jobs have not abated — demand far outstrips supply — and those who have lost their jobs, many are still struggling to gain a foothold. Covid-19 too is far from over. It is a case of cause and effect.”

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AIIB increases Green Public Rail Transport options in India,$356.67 million approved to expand Chennai metro system

The project’s design and construction will have environmentally friendly features to help reduce its carbon footprint. In addition to solar panels installed on the roofs of the elevated stations, the project will have dedicated spaces for bicycles and green vehicles, and signage to raise environmental awareness. The project also integrates climate change resilience features to reduce its vulnerability to climate-related events.

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Evergrande’s debt problems pose systemic risk in China and beyond

The central bank in 2018 said companies including Evergrande might pose systemic risk to China’s financial system.

The firm’s liabilities involved as many as 128 banks and over 121 non-banking institutions, the leaked letter showed.

Late repayments could trigger cross-defaults as many financial institutions are exposed via direct loans and indirect holdings through different financial instruments.

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