General Affairs
Parts of Boeing manufactured in Nagpur is a matter of pride, says Fadnavis
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Maharashtra Chief Minister Devendra Fadnavis today said Nagpur is on the global map because of aviation company Boeing and the Tata Group.
"It is a proud moment for all of us that some key parts for a Boeing aircraft are manufactured in the city," Fadnavis said, adding with the help of Tata Group, MIHAN has put the country on the global aviation map.
The chief minister dispatched the 5000th 'beam' from TAL Manufacturing Solutions to Boeing at a function at MIHAN here. TAL is a Tata Group entity.
"City-based based TAL is manufacturing major parts for Boeing aircraft and Airbus also. It shows that Nagpur and Vidarbha region has talent along with the best human resources," Fadnavis said.
"When I was at Boeing's headquarters in US, I was told that this part (beam) came from Nagpur. It was a proud moment for me. TAL would be the brand ambassador of the country in the aerospace sector," he said.
NAGPUR TO BE CARGO LOGISTIC HUB
He also announced that Nagpur will become a cargo logistic hub shortly and all the related processes will be completed by this month end.
"I received the letter from multinational company for the formation of FAB unit at Nagpur, which will be first of its kind in India," he added.
Union Shipping Minister Nitin Gadkari said TAL shows the talent of this region.
"There is huge employment scope in this region. TAL in association with Boeing kept their promise, which they gave us in the formation of this unit related to employment generation," Gadkari said.
State Minister Chandrashekhar Bawankule, mayor Praveen Datke, Lok Sabha MP Krupal Tumane and senior officials of Boeing India, TAL and Tata Motors were present on the occasion.
Maharashtra Chief Minister Devendra Fadnavis today said Nagpur is on the global map because of aviation company Boeing and the Tata Group.
"It is a proud moment for all of us that some key parts for a Boeing aircraft are manufactured in the city," Fadnavis said, adding with the help of Tata Group, MIHAN has put the country on the global aviation map.
The chief minister dispatched the 5000th 'beam' from TAL Manufacturing Solutions to Boeing at a function at MIHAN here. TAL is a Tata Group entity.
"City-based based TAL is manufacturing major parts for Boeing aircraft and Airbus also. It shows that Nagpur and Vidarbha region has talent along with the best human resources," Fadnavis said.
"When I was at Boeing's headquarters in US, I was told that this part (beam) came from Nagpur. It was a proud moment for me. TAL would be the brand ambassador of the country in the aerospace sector," he said.
NAGPUR TO BE CARGO LOGISTIC HUB
He also announced that Nagpur will become a cargo logistic hub shortly and all the related processes will be completed by this month end.
"I received the letter from multinational company for the formation of FAB unit at Nagpur, which will be first of its kind in India," he added.
Union Shipping Minister Nitin Gadkari said TAL shows the talent of this region.
"There is huge employment scope in this region. TAL in association with Boeing kept their promise, which they gave us in the formation of this unit related to employment generation," Gadkari said.
State Minister Chandrashekhar Bawankule, mayor Praveen Datke, Lok Sabha MP Krupal Tumane and senior officials of Boeing India, TAL and Tata Motors were present on the occasion.
Centre trying to bulldoze the autonomy of states: Mamata Banerjee
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West Bengal Chief Minister Mamata Banerjee today slammed the Modi government over a whole host of issues. Alleging that the Centre was trying to bulldoze the opinion of the state, Mamata said, "In the name of cooperative federalism, opinion of States are being bulldozed. This is dictatorship. This is against spirit of Constitution. Centre is not taking States on board."
"We have never faced such discrimination before. Is the Centre following Presidential form of government? Where is federalism?" she asked.
Blaming Modi for the turmoil in Kashmir, Mamata termed Modi's diplomacy as a "disaster".
"Pakistan issue has become worse because of Centre's failure," she said.
Alleging interference in the functioning of state governments, Mamata said, "Centre is behaving unilaterally. Does the Centre want to control how States spend their Budget money? They want to monitor the activities of State Treasury."
"I have never seen a more arrogant Central Government. Do they want to do away with State governments?" she asked.
Mamata said the Central projects were being named after Prime Minister even though the States are being made to bear a major part of the project cost. "If States pay most of the funds, why should the schemes be named after leaders of the ruling party in Centre?" she questioned.
Mamata said she would write to the President to register her protest. She also appealed to other state governments to raise their voice against the Centre's discrimination. "We will approach the President of India about the Centre's undue interference in the business of States. Federal structure is being bulldozed by the unilateral, arbitrary action of Centre. Is the Centre trying to replace federal structure with Presidential system of governance?"
Mamata said, time had come to limit the role of the Centre in the overall governance of the country. "I believe apart from Finance, Rail, Defence and External Affairs, Centre should not have any other subject in its jurisdiction," she said, adding that only strong state could make a nation strong.
West Bengal Chief Minister Mamata Banerjee today slammed the Modi government over a whole host of issues. Alleging that the Centre was trying to bulldoze the opinion of the state, Mamata said, "In the name of cooperative federalism, opinion of States are being bulldozed. This is dictatorship. This is against spirit of Constitution. Centre is not taking States on board."
"We have never faced such discrimination before. Is the Centre following Presidential form of government? Where is federalism?" she asked.
Blaming Modi for the turmoil in Kashmir, Mamata termed Modi's diplomacy as a "disaster".
"Pakistan issue has become worse because of Centre's failure," she said.
Alleging interference in the functioning of state governments, Mamata said, "Centre is behaving unilaterally. Does the Centre want to control how States spend their Budget money? They want to monitor the activities of State Treasury."
"I have never seen a more arrogant Central Government. Do they want to do away with State governments?" she asked.
Mamata said the Central projects were being named after Prime Minister even though the States are being made to bear a major part of the project cost. "If States pay most of the funds, why should the schemes be named after leaders of the ruling party in Centre?" she questioned.
Mamata said she would write to the President to register her protest. She also appealed to other state governments to raise their voice against the Centre's discrimination. "We will approach the President of India about the Centre's undue interference in the business of States. Federal structure is being bulldozed by the unilateral, arbitrary action of Centre. Is the Centre trying to replace federal structure with Presidential system of governance?"
Mamata said, time had come to limit the role of the Centre in the overall governance of the country. "I believe apart from Finance, Rail, Defence and External Affairs, Centre should not have any other subject in its jurisdiction," she said, adding that only strong state could make a nation strong.
Kashmir unrest: Modi government should put in efforts to douse the ongoing fire, says Omar
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Former chief minister of Jammu and Kashmir Omar Abdullah today met President Pranab Mukherjee along with a team of opposition leaders from the Valley.
The former chief minister urged the President to find an amicable solution to the ongoing unrest in Kashmir. He requested the President to find a solution politically and not administratively.
"It is a political problem and not an administrative problem. Need a humanitarian approach. Solution must be found politically not an administratively," said Abdullah.
Abdullah added that there was a political anarchy in Kashmir.
MODI GOVT SHOULD DOUSE THE ONGOING FIRE
Abdullah said that the Modi government was free to do what it wanted but it should put in efforts to douse the ongoing fire. Abdullah along with the leaders from Congress also met leaders from the BJP-led Central government.
"Modi government believes in crushing all forms of opposition and this ham handed approach is creating a problem," Abdullah told India Today.
Speaking about the meeting, Abdullah stated that he and his allies hope to bring a positive outcome. He also said that despite the PDP-BJP alliance messing up things, they did not seek a Governor rule in the Valley.
He added that although Pakistan was involved in stoking trouble, the protests following Hizbul commander Burhan Wani's killing was spontaneous. Abdullah said that Pakistan also added fuel to the ongoing turmoil.
"For the last 25 years Pakistan has been instrumental in worsening the situation in Kashmir. We are solely responsible for the unrest following the killing of Wani. However, Pakistan has been, at opportune moments, fueling violence in the Valley," added Abdullah.
INDIA-PAK RELATIONS ARE NOSE-DIVING
Abdullah added that If India-Pakistan relations improved, Kashmir would have benefited but today they are nose-diving.
He criticised the fact that the Northern Army Commander initiated a dialogue of reconciliation while the government remained silent. He questioned why the political parties had to pitch in.
"The issues that are to be raised by political parties are unfortunately being raised by Army leadership. What Northern Army Commander said should have been said by the government," lamented Abdullah.
Abdullah, in a scathing attack, said that it was the first time that steps to be taken by the government are actually being taken by the opposition.
Former chief minister of Jammu and Kashmir Omar Abdullah today met President Pranab Mukherjee along with a team of opposition leaders from the Valley.
The former chief minister urged the President to find an amicable solution to the ongoing unrest in Kashmir. He requested the President to find a solution politically and not administratively.
"It is a political problem and not an administrative problem. Need a humanitarian approach. Solution must be found politically not an administratively," said Abdullah.
"It is a political problem and not an administrative problem. Need a humanitarian approach. Solution must be found politically not an administratively," said Abdullah.
Abdullah added that there was a political anarchy in Kashmir.
MODI GOVT SHOULD DOUSE THE ONGOING FIRE
Abdullah said that the Modi government was free to do what it wanted but it should put in efforts to douse the ongoing fire. Abdullah along with the leaders from Congress also met leaders from the BJP-led Central government.
"Modi government believes in crushing all forms of opposition and this ham handed approach is creating a problem," Abdullah told India Today.
Speaking about the meeting, Abdullah stated that he and his allies hope to bring a positive outcome. He also said that despite the PDP-BJP alliance messing up things, they did not seek a Governor rule in the Valley.
Speaking about the meeting, Abdullah stated that he and his allies hope to bring a positive outcome. He also said that despite the PDP-BJP alliance messing up things, they did not seek a Governor rule in the Valley.
He added that although Pakistan was involved in stoking trouble, the protests following Hizbul commander Burhan Wani's killing was spontaneous. Abdullah said that Pakistan also added fuel to the ongoing turmoil.
"For the last 25 years Pakistan has been instrumental in worsening the situation in Kashmir. We are solely responsible for the unrest following the killing of Wani. However, Pakistan has been, at opportune moments, fueling violence in the Valley," added Abdullah.
INDIA-PAK RELATIONS ARE NOSE-DIVING
INDIA-PAK RELATIONS ARE NOSE-DIVING
Abdullah added that If India-Pakistan relations improved, Kashmir would have benefited but today they are nose-diving.
He criticised the fact that the Northern Army Commander initiated a dialogue of reconciliation while the government remained silent. He questioned why the political parties had to pitch in.
"The issues that are to be raised by political parties are unfortunately being raised by Army leadership. What Northern Army Commander said should have been said by the government," lamented Abdullah.
Abdullah, in a scathing attack, said that it was the first time that steps to be taken by the government are actually being taken by the opposition.
Abdullah, in a scathing attack, said that it was the first time that steps to be taken by the government are actually being taken by the opposition.
Kashmir unrest: No respite for Kashmiris as curfew continues for 43rd day
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Curfew and shutdown continued on Saturday for the 43rd consecutive day, as there is no sign yet of normalcy being restored in Kashmir.
CURFEW TO REMAIN
Close to 21 incidents of stone pelting and violence occurred across the valley on Friday. For the sixth consecutive Friday, no prayers were allowed at the Jamia Mosque in Nowhatta area of old city Srinagar.
Senior separatist leaders, Syed Ali Geelani and Mirwaiz Umer Farooq tried to defy the detention when they came out of house arrest. Both Geelani and Mirwaiz were apprehended and were again placed under house arrest. Authorities have said that the curfew will remain in force in Anantnag town and parts of Srinagar city.
The state government has advised its employees to resume duties failing which they would not be given salaries for the month of August. The separatists have issued a protest calendar till 25th August and have asked the people to follow the protest programs.
66 civilians have died in last 43 days in clashes with security forces and thousands have been injured.
Curfew and shutdown continued on Saturday for the 43rd consecutive day, as there is no sign yet of normalcy being restored in Kashmir.
CURFEW TO REMAIN
Close to 21 incidents of stone pelting and violence occurred across the valley on Friday. For the sixth consecutive Friday, no prayers were allowed at the Jamia Mosque in Nowhatta area of old city Srinagar.
Senior separatist leaders, Syed Ali Geelani and Mirwaiz Umer Farooq tried to defy the detention when they came out of house arrest. Both Geelani and Mirwaiz were apprehended and were again placed under house arrest. Authorities have said that the curfew will remain in force in Anantnag town and parts of Srinagar city.
The state government has advised its employees to resume duties failing which they would not be given salaries for the month of August. The separatists have issued a protest calendar till 25th August and have asked the people to follow the protest programs.
66 civilians have died in last 43 days in clashes with security forces and thousands have been injured.
Karzai backs Modi on Balochistan, advises Kashmiri leaders to keep Pakistan away
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Days after Prime Minister Narendra Modi raised the issue of human rights violation in Balochistan, he has got support from former Afghan president Hamid Karzai. On his current visit to New Delhi, Karzai said, "We highly appreciate the fact that PM Modi has raised the issue of Balochistan. He addressed it by showing concern for the people of Balochistan to be violence free."
It has been two years since Karzai vacated the office of Afghan president after completing two tenures, but having guided Afghanistan through its most turbulent times, when it faced terror threats from outfits having support bases in Pakistan, his voice holds credibility.
The former Afghan president rejected Pakistan's allegation that India was encouraging dissent in Balochistan emphasizing that Islamabad itself indulged in fomenting troubles on neighbours' soil. "When Pakistan accuses others of interference first they should stop doing the same. They have interfered in Afghanistan. We have been at the receiving end of it," said Karzai.
'DON'T ALLOW PAK TO INTERFERE'
On the question of cross-border terrorism in India and support to Kashmiri separatists, Karzai came up with an advice to the Kashmiri leaders. He advised them not to fall prey to Pakistani propaganda and to learn from the experience Afghanistan.
Karzai said, "My brotherly advice to people of Kashmir is that let no other country, no one else interfere in your matters. I wish the best for Kashmiris, hence I tell them this. Learn from what happened in Afghanistan, after the bitter experience we have gone through. Don't allow (Pakistan's) interference. "
TERRORISM: STATE POLICY OF PAKISTAN
Karzai underscored the role of Pakistan Army in supporting fundamentalists and extremists in the entire region. In response to a question on threat of terrorism in the sub-continent, he said, "Yes, Pakistan Army is involved in excesses, in encouraging extremism in the region. I have been constantly talking about that have been raising the issue of how extremism is used by institutions in Pakistan as an instrument of state policy."
Days after Prime Minister Narendra Modi raised the issue of human rights violation in Balochistan, he has got support from former Afghan president Hamid Karzai. On his current visit to New Delhi, Karzai said, "We highly appreciate the fact that PM Modi has raised the issue of Balochistan. He addressed it by showing concern for the people of Balochistan to be violence free."
It has been two years since Karzai vacated the office of Afghan president after completing two tenures, but having guided Afghanistan through its most turbulent times, when it faced terror threats from outfits having support bases in Pakistan, his voice holds credibility.
The former Afghan president rejected Pakistan's allegation that India was encouraging dissent in Balochistan emphasizing that Islamabad itself indulged in fomenting troubles on neighbours' soil. "When Pakistan accuses others of interference first they should stop doing the same. They have interfered in Afghanistan. We have been at the receiving end of it," said Karzai.
'DON'T ALLOW PAK TO INTERFERE'
On the question of cross-border terrorism in India and support to Kashmiri separatists, Karzai came up with an advice to the Kashmiri leaders. He advised them not to fall prey to Pakistani propaganda and to learn from the experience Afghanistan.
Karzai said, "My brotherly advice to people of Kashmir is that let no other country, no one else interfere in your matters. I wish the best for Kashmiris, hence I tell them this. Learn from what happened in Afghanistan, after the bitter experience we have gone through. Don't allow (Pakistan's) interference. "
TERRORISM: STATE POLICY OF PAKISTAN
Karzai underscored the role of Pakistan Army in supporting fundamentalists and extremists in the entire region. In response to a question on threat of terrorism in the sub-continent, he said, "Yes, Pakistan Army is involved in excesses, in encouraging extremism in the region. I have been constantly talking about that have been raising the issue of how extremism is used by institutions in Pakistan as an instrument of state policy."
Business Affairs
Urjit Patel all set to replace Raghuram Rajan as new RBI governor
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Urjit Patel, the current deputy governor of Reserve Bank of India, has been appointed as new RBI governor to succeed Raghuram Rajan.
Rajan's tenure as RBI governor will end on September 04.
As deputy RBI governor, Patel has closely worked with Rajan and possesses sound expertise on macroeconomic management. They both have earlier worked together in the IMF in Washington. Patel joined the central bank on January 11, 2013, months before Rajan took charge as governor.
On his first day at work, Rajan had appointed a committee under Patel to relook at the monetary policy-making. The committee came up with a report advocating a shift to making RBI an inflation-targeting central bank.
The suggestion found favour with the PM Narendra Modi-led government which recently backed the inflation strategy of the RBI by notifying a retail inflation target of 4 per cent as an anchor for monetary policy.
It is to be recalled, Patel was re-appointed as deputy governor of RBI in January, for a further period of three years.
Urjit Patel, the current deputy governor of Reserve Bank of India, has been appointed as new RBI governor to succeed Raghuram Rajan.
Rajan's tenure as RBI governor will end on September 04.
As deputy RBI governor, Patel has closely worked with Rajan and possesses sound expertise on macroeconomic management. They both have earlier worked together in the IMF in Washington. Patel joined the central bank on January 11, 2013, months before Rajan took charge as governor.
On his first day at work, Rajan had appointed a committee under Patel to relook at the monetary policy-making. The committee came up with a report advocating a shift to making RBI an inflation-targeting central bank.
The suggestion found favour with the PM Narendra Modi-led government which recently backed the inflation strategy of the RBI by notifying a retail inflation target of 4 per cent as an anchor for monetary policy.
It is to be recalled, Patel was re-appointed as deputy governor of RBI in January, for a further period of three years.
Cut construction cost, avail dollar loans: Nitin Gadkari to builders
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With the real estate sector facing huge slowdown, Union Minister Nitin Gadkari on Friday asked builders to reduce construction cost and avail dollar loans to cut their interest expenses in order to revive demand.
The Road Transport and Highways Minister also announced that pending work on the 18-km Dwarka Expressway in the National Capital Region will start in the next 3-4 months.
Addressing a conference organised by industry body NAREDCO, he said demand in housing sector is poor but is expected to improve on the back of Seventh Pay Commission award.
Gadkari said the situation in steel sector is also not very encouraging but hoped that demand for steel and cement will rise as lot of projects for road construction have been allotted.
"Interest cost is high in our country. At one time, the rates were as low as 6.25 per cent. The government is taking steps to lower the interest rates. But it will take time to reach that level," Gadkari said.
Recalling that Rs 3,000 crore loans were taken in dollar terms for development of roads near Jawaharlal Nehru Port in Mumbai at 2.75 per cent interest rate, he said, "My advise is that you should take loan in dollars which will reduce your interest cost and provide relief."
To provide affordable housing, the minister emphasised on reducing interest rates and cost of construction as well as improving construction quality.
He said construction cost can be reduced through pre-cast technology and use of waste material.
"The real estate sector is facing lot of challenges. There is almost no demand," he said, adding that poor people do not have the purchasing power to buy homes.
Gadkari said the cost of land, construction and bank loans are high while the builders are not ready to sell flats at cheaper rates.
Asking builders to diversify to other sectors, he asked the real estate companies to enter into road development.
He said the pre-qualification norm has been eased as more contractors are needed to build roads.
"Our department has allotted works worth Rs 3.5 lakh crore and my target is Rs 25 lakh crore," Gadkari said, adding that bank NPAs have been curtailed substantially.
On Dwarka Expressway, he said the work will start in the next 3-4 months.
The minister also talked about plans to decongest Delhi and said all the godowns, cold storage facilities and pre-cooling plants would be shifted outside the city to ease traffic.
Gadkari said he intends to develop 10 townships along Delhi-Jaipur Expressway and asked builders to participate in this programme.
With the real estate sector facing huge slowdown, Union Minister Nitin Gadkari on Friday asked builders to reduce construction cost and avail dollar loans to cut their interest expenses in order to revive demand.
The Road Transport and Highways Minister also announced that pending work on the 18-km Dwarka Expressway in the National Capital Region will start in the next 3-4 months.
Addressing a conference organised by industry body NAREDCO, he said demand in housing sector is poor but is expected to improve on the back of Seventh Pay Commission award.
Gadkari said the situation in steel sector is also not very encouraging but hoped that demand for steel and cement will rise as lot of projects for road construction have been allotted.
"Interest cost is high in our country. At one time, the rates were as low as 6.25 per cent. The government is taking steps to lower the interest rates. But it will take time to reach that level," Gadkari said.
Recalling that Rs 3,000 crore loans were taken in dollar terms for development of roads near Jawaharlal Nehru Port in Mumbai at 2.75 per cent interest rate, he said, "My advise is that you should take loan in dollars which will reduce your interest cost and provide relief."
To provide affordable housing, the minister emphasised on reducing interest rates and cost of construction as well as improving construction quality.
He said construction cost can be reduced through pre-cast technology and use of waste material.
"The real estate sector is facing lot of challenges. There is almost no demand," he said, adding that poor people do not have the purchasing power to buy homes.
Gadkari said the cost of land, construction and bank loans are high while the builders are not ready to sell flats at cheaper rates.
Asking builders to diversify to other sectors, he asked the real estate companies to enter into road development.
He said the pre-qualification norm has been eased as more contractors are needed to build roads.
"Our department has allotted works worth Rs 3.5 lakh crore and my target is Rs 25 lakh crore," Gadkari said, adding that bank NPAs have been curtailed substantially.
On Dwarka Expressway, he said the work will start in the next 3-4 months.
The minister also talked about plans to decongest Delhi and said all the godowns, cold storage facilities and pre-cooling plants would be shifted outside the city to ease traffic.
Gadkari said he intends to develop 10 townships along Delhi-Jaipur Expressway and asked builders to participate in this programme.
N Chandrababu Naidu lays foundation stone for AP MedTech zone in Vizag
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Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday laid foundation stone for the AP MedTech Zone at Pedagantyada area.
The facility, which will come up in 270 acres is likely to be operational in a year.
The Chief Minister said about 80 per cent of medical needs are being imported from other areas and establishing more such parks will definitely bring down the costs up to 40 percent.
He said 40 companies have already expressed interest before laying of the foundation stone.
"Around 200 companies would come in the park and could generate employment to around 25,000 persons", Naidu added.
Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday laid foundation stone for the AP MedTech Zone at Pedagantyada area.
The facility, which will come up in 270 acres is likely to be operational in a year.
The Chief Minister said about 80 per cent of medical needs are being imported from other areas and establishing more such parks will definitely bring down the costs up to 40 percent.
He said 40 companies have already expressed interest before laying of the foundation stone.
"Around 200 companies would come in the park and could generate employment to around 25,000 persons", Naidu added.
Coca-Cola suspends operations at Dasna bottling plant
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Operations have been suspended at a bottling plant of Coca-Cola India at Dasna in Uttar Pradesh after state authorities alleged environmental violations by the company.
Confirming receipt of notice from Uttar Pradesh State Pollution Control Board (UPPCB), the company said it has submitted a detailed response to issues raised over the plant.
"Since UPPCB is reviewing the response, to show our commitment to compliance with regulatory norms, we decide to temporarily suspend manufacturing at Dasna plant," Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) said in a statement.
Hindustan Coca Cola Beverages is the bottling arm of Coca-Cola India.
The company, however, insisted that all of its "plants operate in full compliance with all regulatory norms and Dasna plant is no exception".
Earlier this year, HCCBL had suspended manufacturing at three locations in India citing absence of "long-term economic viability".
The company has suspended manufacturing at Kaladera near Jaipur (Rajasthan), Vishakhapatnam (Andhra Pradesh) and Brynihat (Meghalaya).
HCCBL has 24 bottling plants at strategic locations in various states spread across India and covers approximately 65 per cent of bottling operations for the Coca-Cola System in India.
Operations have been suspended at a bottling plant of Coca-Cola India at Dasna in Uttar Pradesh after state authorities alleged environmental violations by the company.
Confirming receipt of notice from Uttar Pradesh State Pollution Control Board (UPPCB), the company said it has submitted a detailed response to issues raised over the plant.
"Since UPPCB is reviewing the response, to show our commitment to compliance with regulatory norms, we decide to temporarily suspend manufacturing at Dasna plant," Hindustan Coca-Cola Beverages Pvt Ltd (HCCBL) said in a statement.
Hindustan Coca Cola Beverages is the bottling arm of Coca-Cola India.
The company, however, insisted that all of its "plants operate in full compliance with all regulatory norms and Dasna plant is no exception".
Earlier this year, HCCBL had suspended manufacturing at three locations in India citing absence of "long-term economic viability".
The company has suspended manufacturing at Kaladera near Jaipur (Rajasthan), Vishakhapatnam (Andhra Pradesh) and Brynihat (Meghalaya).
HCCBL has 24 bottling plants at strategic locations in various states spread across India and covers approximately 65 per cent of bottling operations for the Coca-Cola System in India.
LG, Samsung 4G handset buyers to get RJio services for 90 days
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Ahead of its commercial launch, Reliance Jio is now available on all 4G smartphones of Samsung and LG.
Reliance Jio, which is currently doing beta testing, was previously available bundled with its own LYF mobiles. The service was then extended to a small range of Samsung smartphones.
Now it is available on all 4G smartphones of Samsung and LG, sources said.
Under Jio Preview Offer, all customers of 4G smartphones of Samsung and LG - which together account for a huge share in the devices market - will get an opportunity to test Jio services.
They will get unlimited access to Jio services for 90 days. Jio Preview Offer can be availed at all Reliance Digital stores (including Digital Xpress and Digital Xpress Mini), and majority of the modern trade mobile retail chains across the country.
Customers need to submit their KYC documents at the time of purchase of their devices to avail of the Jio SIM under this offer, they said.
As part of the offer, users will get unlimited HD Voice calls and video calls, unlimited SMS, unlimited High-Speed Data and a host of Jio premium apps such as JioPlay, JioOnDemand, JioBeats, JioMags, JioXpressNews, JioDrive, JioSecurity, and JioMoney.
The offer is valid for a period of 90 days from the activation of the Jio SIM.
Jio Preview offer is part of the test phase of Jio services, which was initially launched for employees and was later extended to family and friends, partners, and vendors.
The offer has been progressively opened up for LYF smartphone users and those of select models of Samsung smartphones. Lately, Jio Preview Offer was made available with JioFi (the Wi-Fi hotspot device) at Reliance Digital, Digital Xpress, and Digital Xpress Mini stores.
Ahead of its commercial launch, Reliance Jio is now available on all 4G smartphones of Samsung and LG.
Reliance Jio, which is currently doing beta testing, was previously available bundled with its own LYF mobiles. The service was then extended to a small range of Samsung smartphones.
Now it is available on all 4G smartphones of Samsung and LG, sources said.
Under Jio Preview Offer, all customers of 4G smartphones of Samsung and LG - which together account for a huge share in the devices market - will get an opportunity to test Jio services.
They will get unlimited access to Jio services for 90 days. Jio Preview Offer can be availed at all Reliance Digital stores (including Digital Xpress and Digital Xpress Mini), and majority of the modern trade mobile retail chains across the country.
Customers need to submit their KYC documents at the time of purchase of their devices to avail of the Jio SIM under this offer, they said.
As part of the offer, users will get unlimited HD Voice calls and video calls, unlimited SMS, unlimited High-Speed Data and a host of Jio premium apps such as JioPlay, JioOnDemand, JioBeats, JioMags, JioXpressNews, JioDrive, JioSecurity, and JioMoney.
The offer is valid for a period of 90 days from the activation of the Jio SIM.
Jio Preview offer is part of the test phase of Jio services, which was initially launched for employees and was later extended to family and friends, partners, and vendors.
The offer has been progressively opened up for LYF smartphone users and those of select models of Samsung smartphones. Lately, Jio Preview Offer was made available with JioFi (the Wi-Fi hotspot device) at Reliance Digital, Digital Xpress, and Digital Xpress Mini stores.
General Awareness
Indian Private Banks at the Top Spots among the Global Banks on Key Return Ratios
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Leading Indian private banks namely HDFC Bank, Axis Bank and ICICI Bank along with their Chinese peers China Construction Bank Corp (CCB), Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC) occupy the top six slots among global banks on key return ratios, namely return on equity (RoE) and return on assets (RoA).
About HDFC Bank :
HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a presence in Bahrain, Hong Kong and Dubai.
- HDFC Bank is the second largest private bank in India as measured by assets.It is thelargest bank in India by market capitalization as of February 2016.
- It was ranked 58th among India’s most trusted brands according to Brand Trust Report, 2015.
About ICICI Bank :
- ICICI Bank – Industrial Credit and Investment Corporation of India is anIndian multinational banking and financial services companyheadquartered in Mumbai, Maharashtra with its registered office in Vadodara.
- In 2014, it was the second largest bank in India in terms of assets and third in term ofmarket capitalisation. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
- The bank has a network of 4,450 branchesand 13,995 ATMs in India, and has a presence in 19 countries including India.
- ICICI Bank is one of theBig Four banks of India, along with State Bank of India, Bank of Baroda and Punjab National Bank. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, China and South Africa and representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia.
About AXIS Bank :
Axis Bank Limited is the fourth largest private sector bank in India. Axis Bank’s stake holders include prominent national and international entities.
- As of 2013, approximately 43% of the shares are owned by Foreign Institutional Investors. Promoters (UTI,LIC and GIC), who collectively held approx. 34% of the shares, are all entities owned and controlled by the Government of India.
- The remaining 23% shares are owned by corporate bodies, financial institutions and individual investors among others. The bank offers financial services to customer agent covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses.
- Axis Bank has its registered office at Ahmedabad.
Indian Banking Statistics :-
With respect to Indian private banks, their out-performance on return ratios front is largely fuelled by healthy pre-provisioning profits generated not just in FY16, but over the past many years.
- On the other hand, most public sector banks have struggled on this front in recent years with the exception of SBI and Union Bank that have started seeing some increase in thismetric in both FY15 and FY16.
- Analysts at Credit Suisse, too remain positive on Indian private banks despite acknowledging the fact that they are the most expensive banks in the Asia-Pacific region.
- For FY16,HDFC Bank and Axis Bank earned thehighest return on assets of 1.91 per cent and 1.67 per cent, respectively, followed by CCB, which clocked return on assets of 1.3 per cent.
- ICBC and ICICI Bank completed the top five lists with RoAs of 1.29 per cent and 1.17 per cent,respectively.
- The Chinese banks follow December year-end and, hence, the data for them is at the end of calendar year 2015. HDFC Bank tops its global peers on RoE as well, which stood at 18.63 per cent in FY16.
- Axis Bank stood fifth in this table with a RoE of 16.95 per cent, after CCB, ICBC and ABC that reported RoEs of 17.18 per cent, 17.1 per cent and 17.03 per cent.
Leading Indian private banks namely HDFC Bank, Axis Bank and ICICI Bank along with their Chinese peers China Construction Bank Corp (CCB), Industrial and Commercial Bank of China (ICBC) and Agricultural Bank of China (ABC) occupy the top six slots among global banks on key return ratios, namely return on equity (RoE) and return on assets (RoA).
About HDFC Bank :
HDFC Bank is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has about 76,286 employees including 12,680 women and has a presence in Bahrain, Hong Kong and Dubai.
- HDFC Bank is the second largest private bank in India as measured by assets.It is thelargest bank in India by market capitalization as of February 2016.
- It was ranked 58th among India’s most trusted brands according to Brand Trust Report, 2015.
About ICICI Bank :
- ICICI Bank – Industrial Credit and Investment Corporation of India is anIndian multinational banking and financial services companyheadquartered in Mumbai, Maharashtra with its registered office in Vadodara.
- In 2014, it was the second largest bank in India in terms of assets and third in term ofmarket capitalisation. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
- The bank has a network of 4,450 branchesand 13,995 ATMs in India, and has a presence in 19 countries including India.
- ICICI Bank is one of theBig Four banks of India, along with State Bank of India, Bank of Baroda and Punjab National Bank. The bank has subsidiaries in the United Kingdom and Canada; branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar, Oman, Dubai International Finance Centre, China and South Africa and representative offices in United Arab Emirates, Bangladesh, Malaysia and Indonesia.
About AXIS Bank :
Axis Bank Limited is the fourth largest private sector bank in India. Axis Bank’s stake holders include prominent national and international entities.
- As of 2013, approximately 43% of the shares are owned by Foreign Institutional Investors. Promoters (UTI,LIC and GIC), who collectively held approx. 34% of the shares, are all entities owned and controlled by the Government of India.
- The remaining 23% shares are owned by corporate bodies, financial institutions and individual investors among others. The bank offers financial services to customer agent covering Large and Mid-Sized Corporates, MSME, Agriculture and Retail Businesses.
- Axis Bank has its registered office at Ahmedabad.
Indian Banking Statistics :-
With respect to Indian private banks, their out-performance on return ratios front is largely fuelled by healthy pre-provisioning profits generated not just in FY16, but over the past many years.
- On the other hand, most public sector banks have struggled on this front in recent years with the exception of SBI and Union Bank that have started seeing some increase in thismetric in both FY15 and FY16.
- Analysts at Credit Suisse, too remain positive on Indian private banks despite acknowledging the fact that they are the most expensive banks in the Asia-Pacific region.
- For FY16,HDFC Bank and Axis Bank earned thehighest return on assets of 1.91 per cent and 1.67 per cent, respectively, followed by CCB, which clocked return on assets of 1.3 per cent.
- ICBC and ICICI Bank completed the top five lists with RoAs of 1.29 per cent and 1.17 per cent,respectively.
- The Chinese banks follow December year-end and, hence, the data for them is at the end of calendar year 2015. HDFC Bank tops its global peers on RoE as well, which stood at 18.63 per cent in FY16.
- Axis Bank stood fifth in this table with a RoE of 16.95 per cent, after CCB, ICBC and ABC that reported RoEs of 17.18 per cent, 17.1 per cent and 17.03 per cent.
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