City Delhi Financial News

Yamuna River continued to overflow in Delhi with water level recorded at 205.45 meters at 7 am on Tuesday. The danger mark of the Yamuna River is at 205.33 meters. On Monday the water level in Yamuna was at 206.56 metres.

As whole India continues to receives severe rainfall, conjunctivitis cases have been on rise in several states of India. Eye infection continues to spread among children in Delhi, Gujarat, and in Northeastern states. To prevent the further spread of conjunctivitis, all the schools, up to class 8th have been suspended from 25th July to 29 July in Itanagar.

wrestling fraternity's wrath for accepting exemption from the Asian Games trials, Vinesh Phogat and Bajrang Punia on Monday said they are hurt that young wresters dragged them to the court but are at the same time delighted to see the junior grapplers starting to fight for their rights. The IOA ad-hoc panel conducted trials in all 18 categories for the Hangzhou Games but decided to give direct entries to Bajrang (65kg) and Vinesh (53kg), triggering angry reactions from many in the wrestling fraternity. Junior wresters Antim Panghal and Sujeet Kalkal approached the Delhi High Court, appealing that the exemption be set aside but their petition was dismissed.

A list of 58 cantonments that are planned to be shifted has been shared with the respective states. The list includes all major cantonments including Delhi, Pune, Ambala and Ahmedabad, besides hill stations like Kasauli and Landsdowne. Only two cantonments — in Jammu and Srinagar — have been left out for now due to security considerations.

Go Airlines' lenders as a party to their pleas for the deregistration of planes leased to the carrier, arguing before the Delhi High Court that the lenders are neither «proper» nor «necessary parties» in the case. Justice Tara Vitasta Ganju, while issuing formal notices to the aircraft lessors, the Directorate General of Civil Aviation and others, said the issue needed examination. Eight leasing companies are seeking deregistration and return of their aircraft. The HC posted the lenders' application for impleadment in the matter for hearing on August 3. The committee of creditors (CoC) formed for the airline's debt resolution has sought to be made a party to the case filed by the lessors, claiming that it is the «ultimate decision-making authority». Counsel Dheeraj Nair, appearing for the CoC, said any order passed in the case will pose a risk of lessors' interests getting priority over those of lenders. He argued that the CoC, which includes Central Bank of India, Bank of Baroda, Deutsche Bank, DB International Asia and IDBI Bank, has admitted claims of '5,117 crore. «There is a large exposure to public monies that is sought to be recouped by way of the CIRP (corporate insolvency resolution process) of the airline and its revival is essential in the larger national interest,» he contended.

Delhi's Khan Market — the country's most expensive retail real estate — have breached the pre-pandemic levels for the first time to hit a record high of Rs 1,500 per square feet per month. This is almost double than the costliest retail location of Mumbai and about four times that of Bengaluru, industry executives said.

Eknath Shinde Sena-BJP alliance, the Ajit Pawar faction of NCP has started projecting Ajit as the chief minister and has claimed that this was also the wish of the BJP's leadership. The Shinde camp is now getting upset with these comments and has warned that these could cause problems in the three-party alliance. Following the statements and the anger displayed by the Shinde camp, Deputy Chief Minister Devendra Fadnavis has asked the NCP ministers and MLAs to restrain themselves and stop issuing such statements that cause «confusion».

digital skills and contribution of digital engagement in governance were among the key aspects discussed by experts on Monday as they sought to find ways to bridge the digital divide in India. The deliberations were held at a symposium — Digital Inclusion and Empowerment in India — as part of the India chapter of DiSTO (From Digital Skills to Tangible Outcomes) project. It was organised here by Policy and Development Advisory Group (PDAG)-Delhi and the Department of Media and Communications, London School of Economics and Political Science (LSE). «India's digital transformation journey is possible when the prevalent digital inequalities are bridged through large-scale digital inclusion initiatives,» Arindam Banerjee, Co-founder and Partner at PDAG, said after the conclusion of the first day of the two-day event. On the importance of the symposium, Ellen Helsper, professor of Digital Inequalities at LSE, said that it aims at understanding digital inequalities and inclusion as well as the contribution of digital engagement in governance, socio-economic and civic activities. «Bringing together existing knowledge and best practice and identifying where more work is needed is key to supporting different stakeholders in creating a more equal digital future for India,» she said.

States and Union Territories to submit their response to the Centre by August 31 on forming a uniform national policy on menstrual hygiene for girls studying in schools. Many States and Union Territories have not yet submitted their responses on menstrual hygiene policies to the Centre. The Centre informed the Supreme Court that only four states have submitted their responses.

DLF has acquired a controlling 51% stake in a special purpose vehicle (SPV) responsible for a development project spanning around 3.5 million square feet in Mumbai’s Andheri area for approximately Rs 400 crore. “This is part of a bigger slum rehab scheme, where we anticipate that once the entire process is complete, the total saleable area should be in the range of 3 to 3.5 million square feet,” DLF chief executive Ashok Kumar Tyagi said during the real estate developer first quarter earnings call on Monday.

eye infection are on the rise in Delhi, with many doctors cautioning that it is «highly contagious» and proper hygiene behaviour needs to be maintained to check its spread. Doctors at both government and private hospitals said they have been receiving cases largely from the younger population in the city. It is not sight-threatening but needs professional advice, they said.

₹2700 crore. “With a campus area of approximately 123 acres, the IECC complex has been developed as India’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. In terms of the covered space available for events, the IECC Complex finds its place among the top exhibition and convention complexes in the world," the PMO said.

Lessors have sought deregistration of 54 aircraft of Go First and aviation regulator DGCA is closely monitoring the situation since the airline announced cancellation of flights in May, the government said on Monday. Cash-strapped budget carrier Go First stopped flying on May 3 and is undergoing a voluntary insolvency resolution process.

Supreme Court on Monday refused to stay the ongoing delimitation of Assam's 14 Lok Sabha and 126 assembly seats by the Election Commission and sought the response of the Centre and the poll panel on a batch of petitions on the issue. A bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra, however, agreed to examine the constitutional validity of Section 8A of the Representation of the People Act, 1950 empowering the Election Commission to undertake the delimitation of constituencies. «At this stage when delimitation has commenced, having due regard to issuance of the draft proposal on June 20, 2023, it would not be proper to interdict the process at this stage. Hence while reserving the constitutional challenge, we are not issuing any orders restraining the Election Commission to take any further steps,» the bench said in its order. The top court sought the replies of the Centre, the Election Commission and the Assam government on three petitions in three weeks and said the petitioners can file their rejoinders in two weeks after that. The bench took note of the submissions of senior advocate Kapil Sibal, who was appearing for the political parties which have filed the petitions, that now all states will follow suit and take steps since the way has been cleared for the delimitation exercise for states like Arunachal Pradesh and Nagaland. «We will list this immediately after the Delhi services ordinance case,» the CJI said.

Alliance (NDA) versus Opposition alliance I.N.D.I.A on the Manipur violence and sexual harassment case.  Smriti Irani at the BJP headquarters in Delhi said that Congress is running away from discussion on Manipur. The politician further reiterated the claim that sexual harassment were prevalent in opposition party ruled states.  “Congress is running away from discussion on Manipur as they know they will have to answer on crimes against women in their states but I want to appeal that stop using crime against women as instruments to settle political scores..." BJP MP Smriti Irani told reporters.  Since after the video of two Kuki Zo women being sexually harassed by a mob of Meitei men became viral also revealing that the crime that took place on 4 May, found no punitive action till mid-July, Opposition has accused the ruling dispensation of turning a blind eye.  Meanwhile BJP has counter attacked the opposition by flagging sexual harassment cases in states governed by Congress, Trinamool Congress (TMC).  The opposition mounted a fresh attack on the government after the May 4 incident video surfaced showing two women from one of the warring communities in Manipur being paraded naked and assaulted by a group of men from the other side.  Six people have been arrested so far, including a juvenile, involving the incident.

Delhi government has planned to install 500 water ATMs to provide drinking water treated using the Reverse Osmosis (RO) process to people in slums and other such densely populated areas, Chief Minister Arvind Kejriwal said on Monday. The chief minister, who inspected an RO plant and inaugurated a water ATM at Khajan Basti in the Mayapuri area, said four water ATMs have been installed and 500 are planned in the first phase. Every person will be provided with a card which will let them draw 20 litres of water per day from these ATMs free of cost, he said.

DGCA is subject to the outcome of the cases before National Company Law Tribunal, Delhi and High Court of Delhi" The Mumbai-based carrier Go First, which stopped flying on May 3, is undergoing an insolvency resolution process, and it has cancelled all its flights till 25 July. DGCA on Friday said it has approved Go First's plan to restart operations with 15 aircraft and 114 daily flights with a host of conditions, including the availability of required interim funding.

Sameer Mahendru in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy on medical grounds. While directing Mahendru to surrender before the trial court by 5 PM on September 4, Justice Dinesh Kumar Sharma made it clear that no further extension of interim bail shall be granted to him on the grounds cited in the instant application. The high court observed that interim bail can never be allowed to be made an «evergreen process».

Delhi CM Arvind Kejriwal on Monday announced that Delhiites will get 20 litres of purified water per day in the areas where there are inadequate drinking water facilities. He was inspecting the along Reverse Osmosis (RO) plants in Mayapuri area along with minister Saurabh Bharadwaj.

Supreme Court Monday warned the states, which are yet to submit their response to the Centre on forming a uniform national policy on menstrual hygiene for girls studying in schools, it will take recourse to the «coercive arm of law» if they failed to do so by August 31. The warning came after the Centre informed the apex court it has so far received the response of only four states. A bench headed by Chief Justice D Y Chandrachud directed the states and Union Territories (UTs), which have failed to submit their responses, to do so positively by August 31. «The states which are in default are placed on notice that should there be any further default, this court will be constrained to take recourse to the coercive arm of law,» said the bench, also comprising Justices J B Pardiwala and Manoj Misra. Additional Solicitor General Aishwarya Bhati, appearing for the Centre, told the bench the central government has so far received inputs from only four states — Haryana, Delhi, West Bengal and Uttar Pradesh. The apex court had on April 10 asked the Centre to prepare a Standard Operating Procedure (SOPs) and formulate a national model to be adopted by all states and UTs for managing the menstrual hygiene of girls studying in schools.

Aam Aadmi Party (AAP) led Delhi government will release Rs 415 crore for the Regional Rapid Transit System (RRTS) project between the national capital and Meerut (Uttar Pradesh). This move comes after the Supreme Court on Monday directed the state government to disburse the required funds for India's first regional train service, called RAPIDX, being executed by the National Capital Region Transport Corporation (NCRTC).