KANT
Construction of dams have turned Sutlej into rivulet: SC judge
Supreme Court judge Justice Sanjay Karol remarked that the construction of dams on the Sutlej River has drastically altered it, transforming the trans-Himalayan river into a mere rivulet and disrupting the entire ecosystem. He made these comments on Friday at the launch of a book titled "Climate Change: The Policy, Law and Practice" by lawyer Jatinder (Jay) Cheema. Justice Karol also emphasized the severe impacts of climate change on the country's agriculture sector.
Open it, regulate traffic: SC to Haryana on Shambhu border blockade
The Supreme Court directed the Haryana government to remove barricades blocking the Shambhu border near Ambala, questioning the state's authority to block a highway. This follows the farmers' protests since February 13, demanding a legal guarantee for minimum support price (MSP) for crops. Haryana plans to appeal a high court order to open the highway.
Supreme Court settles 30-year Noida land compensation saga with uniform compensation of Rs 403 per sq yd
SC has resolved a 30-year-old dispute over compensation rates for landowners near Noida's Sector 18 commercial area. Utilizing its powers under Article 142 of the Constitution, the court established a uniform compensation rate of Rs 403 per square yard to address inconsistencies from previous rulings. Initially, the Allahabad High Court set the rate at Rs 340 per square yard, which was upheld in 2014, but a 2017 Supreme Court decision raised it to Rs 449 per square yard for another group of landowners, causing further disputes.
RoC slaps penalty on HeroX, 2 execs for lapses in beneficial owner rules
HeroX, a Delhi-based private company in which Suman Kant Munjal and Akshay hold 5,000 equity shares each, was served a notice in February 2024 to ascertain compliance of section 90 of the Act. It asked if the company had provided the details of the action it took to identify its SBOs in terms of section 90 (4A) of the Act.
SC refuses to set aside anticipatory bail given to Bhavani Revanna in kidnapping case
The Supreme Court declined to overturn the anticipatory bail given to Bhavani Revanna, mother of accused MP Prajwal Revanna, in a kidnapping case related to her son's alleged crimes. Karnataka government challenges the bail decision as the investigation into sexual abuse cases continues.
SC appoints ex-CJI U U Lalit as head of committee for appointment of VCs in West Bengal
The Supreme Court has appointed former Chief Justice of India U U Lalit to lead a search-cum-selection committee for appointing vice-chancellors in West Bengal's state-run universities. This decision comes amid ongoing disputes between the West Bengal government and Governor C V Ananda Bose over university administration. A bench of Justices Surya Kant and Ujjal Bhuyan ordered the formation of the committee within two weeks, which will include five members.
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Raffles Hotels & Resorts opens Raffles Jaipur to guests
Raffles Hotels & Resorts has opened Raffles Jaipur, its second property in India, situated near the city's main attractions and surrounded by the Aravalli Hills. The hotel, crafted from white marble, features 50 guestrooms and suites, each with a balcony and an outdoor soaking tub or plunge pool. It offers Raffles' signature butler service, a 620 square-metre spa, a fitness studio, and a rooftop pool. Later this year, it will introduce an Artisan Trail to connect guests with local artisans.
India must lead AI revolution, not just participate, says G20 Sherpa Amitabh Kant
Amitabh Kant emphasizes India's potential to lead the AI revolution globally, highlighting the country's active engagement in AI projects. He stresses the importance of AI integration in various sectors like healthcare and logistics to drive innovation and competitiveness.
With enhanced safety, more films will be shot in Kashmir, benefit locals: Amitabh Kant
The Tourism Development Conclave-2024 in Kashmir focuses on expanding tourism, enhancing infrastructure, and diversifying filming locations to stimulate economic growth and cultural exchange in the region.
The startup story's just starting
For India to ascend to the summit of the world's leading startup ecosystems by 2030, it demands dynamic policies from the incoming government, nurturing a vibrant culture of innovation, and concerted collaboration among all stakeholders. With the requisite elements already in place, including the impressive growth and resilience shown by current startups, valuable lessons abound for budding entrepreneurs. By adopting a progressive outlook centered on enduring, sustainable, and conscientious advancement, our startup ecosystem has the potential to evolve into a remarkably innovative, inclusive, and globally sustainable entity.
Noida Authority orders asset attachment of AMG group over Rs 2,409 cr dues
The Noida Authority has ordered the attachment of properties of realty group Aims Max Gardenia (AMG) over pending dues of Rs 2,409.77 crore against two land allotments in the city. The group, contested the amount of pending dues, claiming it was around Rs 1,050 crore and is ready to pay 25 per cent of it, following the recommendations of the Amitabh Kant committee on legacy stalled housing projects to facilitate the registry of flats in its projects.
G20 Sherpa Amitabh Kant lauds India's digital transformation journey in 9 years
India has made significant strides in digital transformation over the past nine years, with a 96% reduction in data costs and a 1.4 billion people now having a unique digital identity (Aadhar). This has led to greater access and usage of digital services across the country. India's Unified Payments Interface (UPI) has seen exponential growth, contributing 46% of the global share in real-time digital payments.
India's infrastructure leap under PM Modi: Former NITI Aayog CEO Kant highlights nation's capex drive
Amitabh Kant highlighted India's infra advancements over the past nine years, noting a tripling of cities with metro coverage, 92,000 km of new highways, and a 100% increase in airports and port handling capacity. Additionally, India has electrified 40,000 km of railway lines, built 120 million toilets and 50 million homes, and provided piped water to 250 million people, achieving 100% household electrification.
Hero Realty appoints Madhur Gupta as CEO
Madhur Gupta has been appointed as the new CEO of Hero Realty Pvt Ltd, succeeding the former CEO who left to start his own venture. Gupta, an alumnus of IIM Lucknow and with a mechanical engineering background, previously led Hero Steels Ltd to operational excellence and profitability. Hero Realty aims for sustainable and community-centric developments, with plans to launch four new projects this year in Delhi NCR, Ludhiana, and Mohali.
Jharkhand: BJP's Sanjay Seth appears relaxed with Congress divided over ticket
The contest in Ranchi seems one-sided with Congress giving the ticket to former Ranchi MP Subodh Kant Sahay's 28-year-old daughter Yashaswini. A lawyer by profession, Yashaswini is making her political debut but the campaign is coordinated by her father. The ticket has divided the Congress in Ranchi.
Amitabh Kant on Tesla: 'India won't make any further changes in its EV policy to suit a specific company'
India can'on being asked why Tesla didn't come to India after the CEO announced an India visit in April but cancelled at the last moment.
30% of global GDP growth will come from India between 2035-2040: Amitabh Kant
Amitabh Kant, India's G20 Sherpa and former Niti Aayog chief, praised India's structural reforms, noting that they have elevated the country from the "fragile 5" to the "top 5," resulting in a growth rate of approximately 8.4% over the last three quarters. Kant highlighted analysts' projections that foresee India contributing 30% to global GDP growth between 2035-2040.
Urbanisation = growth
While the post-WW2 world experienced rapid urbanisation, India followed suit at a slower and more haphazard pace. Misguided attempts to combat urbanisation as undesirable hindered growth of efficiencies of agglomeration in the economy, compared to nations that urbanised rapidly and more cohesively.
India all set to overtake Japan as 4th largest economy by 2025, predicts Amitabh Kant
The size of India's GDP is currently ranked 5th, after the US, China, Germany, and Japan. It overtook the UK in 2022. Just a decade ago, Indian GDP was the eleventh largest in the world. Currently, India's GDP is estimated to be around USD 3.7 trillion.
Global debt crisis impacting nearly 95 countries: G20 Sherpa Amitabh Kant
G20 Sherpa Amitabh Kant emphasized the challenges posed by the Russia-Ukraine war and tensions in the Middle East for global stability and economics. He stressed the need for urgent action to pursue inclusive and sustainable growth strategies in the face of a global debt crisis affecting nearly 95 countries, while maintaining focus on achieving the Sustainable Development Goals (SDGs) by 2030.
Legacy stalled projects: 20 of 57 builders have paid 25 per cent dues, says Noida Authority
Pending registries and delayed possession of flats are pressing issues in Noida and Greater Noida for a long time, with the UP government also pushing for resolution of homebuyers' woes in line with the recommendations of the Amitabh Kant panel on stalled projects.
Hero Realty bags Indian Green Building Council's Gold Rating for green project
Hero Realty said that Gold Rating has been received for HRPL’s project situated in Sector 104 along the Dwarka Expressway.
Turning trash into cash: Entrepreneurs redefine waste management
A growing number of entrepreneurs are turning trash into cash through tech and innovation. Can it make a difference to the mounting challenge of waste management?
Global future will not be driven by big tech but by India's DPI: Amitabh Kant
India's G-20 sherpa Amitabh Kant emphasised the importance of digital public infrastructure platforms over big technology firms for the global future. He highlighted India's successful DPI model, including Aadhaar and UPI, and urged domestic investments in startups. Kant stressed self-regulation for startups and advocated for a focus on manufacturing for job creation.
India needs 1 million fast chargers to become 100 pc electric in 2 and 3 wheelers by 2030: Former NITI Aayog CEO Amitabh Kant
India strives for 100% electric 2-wheelers and 3-wheelers by 2030 under Amitabh Kant's leadership, emphasizing fast chargers, local manufacturing, and EV registration growth. The country aims to lead the global EV market shift.
Indian PhD student Cheistha Kochhar, who got married last year to an IT professional, dies in London cycling tragedy
Indian scholar Cheistha Kochhar tragically died in a London cycling accident. Formerly associated with NITI Aayog, she was 33 and pursuing a Ph.D. at the London School of Economics. Amitabh Kant, ex-CEO of NITI Aayog, mourned her on social media, lauding her intellect and courage. Cheistha was fatally struck by a garbage truck while cycling, her husband Prashant nearby.
India needs to grow at 9-10pc for 3 decades to be USD 35 trn economy by 2047: Amitabh Kant
India aims to become a USD 35 trillion economy by 2047, surpassing Japan and Germany. Constant innovation and disruptions are needed in various sectors, including digital identity, start-ups, artificial intelligence, logistics, health, education. Young entrepreneurs play a crucial role in population-scale innovation. Former NITI Aayog CEO Amitabh Kant said that India created the digital identity of 1.4 billion people and technologically the country has leapfrogged.
India to be a developed nation by 2047? Here's what some experts believe
The report "India’s Turn to Lead by 2047" by Primus Partners indicates that 70% of respondents are optimistic about India becoming a global leader by 2047, aligning with the vision of Viksit Bharat. This sentiment extends to 63% envisioning India excelling in global trade, technology, and the economy.
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