City Delhi Financial News

solar-powered EV charging infrastructure and vertical forests are among the new ideas the Delhi government is contemplating to address the twin challenges of air pollution and climate change. The other innovative ideas include creating charging sites and battery-swapping stations by repurposing lamp posts, parking spots and petrol stations. Also, "smart poles" combining fast-charging functions, public Wi-Fi, and the internet of things could soon become a reality in Delhi, a government official said. These ideas were discussed at a meeting of Delhi's State-Level Steering Committee on Climate Change in June and are likely to be incorporated in the city government's new action plan on climate change. While climate change is exacerbating heatwaves and heavy rain events in the crowded and land-locked city, studies show that air pollution is shortening the lives of Delhi residents by 11.9 years.

CBI to respond to Chief Minister Arvind Kejriwal's bail plea in the corruption case registered by the CBI in connection with the alleged excise policy scam. Justice Neena Bansal Krishna issued a notice to the CBI on the bail plea and listed it for further hearing on July 17. Senior advocate Abhishek Singhvi, representing Kejriwal, said the AAP leader is not a flight risk and not a terrorist and the CBI arrested him after he got bail in the ED's money laundering case. Advocate DP Singh, appearing for the CBI, raised objection over Kejriwal directly approaching the HC without first filing the bail plea before the trial court.

Exports of mangoes from West Bengal's Malda district have been hit this year as exporters have failed to secure remunerative prices from overseas buyers, while sellers are getting lucrative prices in the domestic market, officials said on Saturday. Importers from the UK and the UAE had initially shown interest, which could not materialise in shipments due to price disagreements, they said. Sellers, however, are getting good responses from the domestic market as around 17 tonnes of Malda mangoes were sold between Rs 100 and Rs 150 a kg in an expo in Delhi, the officials said. Wholesale prices surged by 50-80 per cent due to a combination of low-crop and high-quality produce.

₹2.5-lakh tax exemption limit but own foreign assets must file an ITR to declare these assets. Also read | Income tax deadline looms: Know your ITR forms to avoid penalties Foreign stocks and stock options are to be disclosed in Schedule FA every year that the taxpayer holds them, and not just when they are sold. Failing to do so could attract hefty fines and prosecution under the black money law.

Vehicular movement on the Badrinath National Highway in Chamoli district has been blocked due to the falling and piling up of debris at five places in Chamoli district. Taking to the microblogging site, Chamoli Police, Uttarakhand, posted on X, «The Badrinath National Highway has been blocked due to debris near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala and Helang in Chamoli district.» The disruption has affected the busy routes, leaving many commuters and locals stranded.

Uttar Pradesh has received proposals for projects totalling around Rs 40,038 crore under its new policy to incentivise semiconductor manufacturing and attract global investments in the state, its investment promotion agency Invest UP said in a statement. Hiranandani group’s Tarq Semiconductor is expected to invest Rs 28,440 crore while Kaynes Technologies subsidiary Kaynes Semicon is set to invest Rs 4,248 crore. Aditech Semiconductor has proposed an investment of Rs 3,751 crore and Vamasundari Investment Delhi has planned to invest Rs 3,599 crore, the statement noted.

GMR Group has signed up as the principal sponsor of the Seattle Orcas for the upcoming Major League Cricket (MLC) season. Seattle Orcas is one of the six franchises in the MLC. As part of this sponsorship agreement, the GMR logo will adorn the arm of the Seattle Orcas' jerseys throughout the season. Additionally, GMR Group will leverage various rights associated with the sponsorship, including LED board displays, award presentations, toss mats, and ticket allocations. Furthermore, with Jio TV serving as the broadcaster in India, GMR Group will have access to advertising spots, enhancing visibility and engagement across international markets.

Andhra Pradesh Chief Minister N Chandrababu Naidu met Prime Minister Narendra Modi on Thursday and sought the Union government's support for crucial proposals for the state's development. Naidu, whose Telugu Desam Party (TDP) is a vital partner in the BJP-led NDA government, sought enhanced assistance for Andhra Pradesh if the special category status cannot be granted to the state, sources said. The TDP chief, who is on a two-day visit to the national capital, also held talks with Union Ministers Nitin Gadkari and Piyush Goyal on state-specific issues. Sources indicated that Naidu is scheduled to meet several other Union ministers, including Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, and Health Minister J P Nadda.

Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday outlined an ambitious roadmap to transform the state to put it on the world map in the next five years and emphasised the significance of the Centre's backing for it. Naidu, who was in the national capital on a two-day visit, his first after taking oath as Andhra Pradesh chief minister last month, met Modi on Thursday and sought support for a seven-point development agenda aimed at addressing the state's post-bifurcation challenges. Interacting with the media at the end of his visit, the chief of Telugu Desam Party (TDP) — a key NDA ally — also touched upon the sensitive issue of minority reservations, acknowledging existing challenges. The regional party has already asserted that the reservation given to Muslims was for social justice and not appeasement and will continue in the state. Asked about the possibility of his party heading any central committee if proposed by the NDA, he said: «As and when needed, I am prepared. If there is any proposal from the NDA, I will think about it.»

Hathras stampede that claimed 121 lives has been sent to 14-day judicial custody by the CJM court. Madhukar is the only accused named in the FIR lodged at Sikandra Rao police station in Hathras in connection with the incident. In a video message earlier, Madhukar's lawyer A P Singh claimed that his client had surrendered in Delhi, where he was undergoing treatment.

Delhi on Thursday morning after concluding his two-nation visit to Russia and Austria. After concluding his visit, PM Modi shared a post on X and thanked Austria's Chancellor, government, and people for their warm welcome and hospitality. He also stated this visit was immensely productive and described it as 'historic.'

Aam Aadmi Party Rajya Sabha MP Sanjay Singh has been appointed as the chairperson of the AAP Parliamentary Party. He has also been chosen as the leader of the party in Rajya Sabha. «Delhi Chief Minister Arvind Kejriwal has always given me the opportunity to raise my voice from the streets to the Parliament. I will fulfil the responsibility of the party's parliamentary group chairperson with utmost dedication. I am deeply grateful to Arvind Kejriwal and the Aam Aadmi Party,» he said in a post on X in Hindi. Previously, Singh served as the leader of the Aam Aadmi Party (AAP) in the Rajya Sabha during his first term. He was re-elected to the Rajya Sabha and took his oath as a member of the Upper House on March 19 this year.

India Today, the former Indian cricketer said, “There will always be the occasional individual who might be a bit disappointing. But I think what the current leadership has done is quite outstanding."“Many people criticise Jay Shah, focusing on his father’s political position rather than his contributions.

Canara Bank MD & CEO K Satyanarayana Raju has handed a dividend cheque of Rs 1838 crore to Finance Minister Nirmala Sitharaman for the financial year 2023-24. Raju handed the cheque at an event in Delhi on Wednesday attended by Prashant Kumar Goyal, joint secretary at the ministry of finance (MoF), and bank’s executive directors Debashish Mukherjee, Ashok Chandra, Hardeep Singh Ahluwalia, and Bhavendra Kumar and Delhi circle chief general manager Rajesh Kumar Singh. This dividend payout reflects Canara Bank's unwavering commitment to its stakeholders and its strong financial health, driven by strategic initiatives and sound banking practices. The bank continues to play a pivotal role in supporting India's economic growth and development through its extensive range of financial products and services, the bank said in a statement.

July financial deadlines and rules change: In the month of July, there are several financial deadlines and changes in rules, which will come into effect. Besides, there is one key economic event – Union Budget, which is likely to be presented on July 23 or 24 in the second leg of the Monsoon Session of parliament.

Ghaziabad, a vital part of the Delhi NCR, is making significant strides in the residential real estate market. Known for its relatively affordable properties compared to areas like Gurgaon and Noida, the city is experiencing increased activity driven by major infrastructural developments.

under-construction properties in major cities — Delhi, Noida, Gurgaon, Bengaluru and Mumbai has increased by upto 53%, led by Gurugram, according to Savills India, a global property consulting firm. The under-construction projects in these cities have witnessed higher price appreciation up to 30% over the year compared to ready properties as new launches offered newer amenities and configurations. The second home location, North Goa also witnessed a steep rise of 28% in villa prices over the year owing to rise in ‘work from anywhere’ or remote working and relatively high rental yields.

oil marketing companies have announced a reduction in the prices of commercial LPG gas cylinders, effective Monday. The cost of a 19 kg commercial LPG cylinder has been slashed by Rs 30, bringing the new price to Rs 1,646 in Delhi.

new criminal laws come into effect today, posters about them have been put up in various police stations to create awareness among the people.

Vishva Hindu Parishad (VHP) staged a protest against AIMIM MP Asaduddin Owaisi for his "Jai Palestine" slogan during the swearing-in ceremony in the Lok Sabha. The VHP said Owaisi's slogan displayed «allegiance to a foreign nation» while taking oath as an MP in Parliament.

criminal laws are to be implemented across the country from July 1, Union Minister Arjun Ram Meghwal said on Sunday that the three laws were necessary given the developments in technology and forensic science.