BEAS Financial News

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu convened a meeting on Sunday at his official residence, Oak Over, to discuss the issue of land transfer related to Radha Soami Satsang Beas Charitable Hospital in Bhota and directed the immediate preparation of a draft for an amendment bill addressing the issue. «The Chief Minister said that the state government was making every possible effort to provide relief to Radha Soami Satsang Beas and ensure that the hospital remains operational. He said that the state government intends to keep the hospital functional so that nearby residents continue to receive quality healthcare services,» as per an official release. Sukhu further mentioned that the state government plans to introduce an amendment bill to the Land Ceiling Act on the very first day of the Winter Session of the Vidhansabha, scheduled to begin on December 18 in Dharamshala. The Chief Minister also directed to prepare a draft of the amendment bill immediately, which will be presented at the upcoming cabinet meeting.

According to figures released by the Bureau of Economic Analysis on Thursday (25 July), the 2.8% gross domestic product growth in the three months to the end of June was double than the 1.4% recorded in the first quarter. The acceleration in GDP quarterly figures came on the back of rising consumer spending, private inventory investment, and non-residential fixed investment. The BEA said the movements in GDP growth were partly offset by a downturn in residential fixed income. Meanwhile, current-dollar GDP rose by 5.2% at an annual rate, reaching a total of $28.63trn in the second quar...

If) is scheduled for a surgery. Temporarily living with her grandmother, in an old-world multi-story connected by wooden stairs, where every home has a gramophone and camcorder, a forlorn Bea begins to see strange creatures. There she spots a ballerina doll called Blossom (voiced by Phoebe Waller-Bridge), and then she’s overwhelmed to see a giant, furry, purple monster named Blue (voiced by Steve Carrell) both of who live upstairs with neighbour Cal (Ryan Reynolds).

Romancing Mister Bridgerton, the fourth book in the series by Julia Quinn. (Netflix) Apart from being a pioneering painter, sculptor and photographer, Man Ray also experimented with avant-garde film. This collection of his short “cinépoèmes" is a fascinating look at surrealist cinema in its heady early years.

The gross domestic product estimates published by the Bureau of Economic Analysis (BEA) today (25 April) came in below expectations of a 2.5% growth rate, and followed a revised rate of 3.4% for Q4 2023. Compared to the previous quarter, the deceleration in real GDP in the first three months of 2024 primarily reflected a slowdown in consumer, state and local government spending, exports and a downturn in federal government spending, the BEA said. JPMorgan CEO Jamie Dimon 'cautious' on US soft landing These movements were partly offset by an acceleration in residential fixed investm...

John Krasinski's upcoming film, IF, starring Ryan Reynolds, continues to unveil its enchanting world with a new poster. The movie, blending live-action and animation, promises a whimsical adventure akin to a Pixar film. New Poster

romantic comedy "Anyone but You," starring Sydney Sweeney and Glen Powell, is set to make its Netflix debut on April 23. Originally released around Christmas last year, the film has enjoyed remarkable success, grossing over $200 million globally against a budget of $25 million. Plot

Malwa belt in Punjab is always considered the biggest and politically influential region particularly during assembly elections, where if a party secures maximum assembly seats in this belt, it can easily form the government in the state. Punjab can broadly be divided into three regions — Malwa, Majha and Doaba. Beyond the Sutlej river, it is called the Malwa region, the Doaba region falls between the Beas and Sutlej rivers, while Majha falls between the Ravi and the Beas rivers. As far as the parliamentary polls are concerned, eight seats — Ludhiana, Bathinda, Ferozepur, Faridkot (SC), Fatehgarh Sahib (SC), Patiala, Anandpur Sahib and Sangrur fall in the Malwa region.

ALSO READ: Indian Navy commissions 'INS Jatayu' Admiral Ramdas, or Laxminarayan Ramdas, was born on September 5, 1933 in Matunga, Mumbai. After retirement, he settled in Bhaimala village in Alibag, Maharashtra, on a piece of land awarded to him by the Maharashtra government in recognition of his acts of gallantry in the 1971 war, PTI reported. He completed his early education in Delhi at Presentation Convent and Ramjas College.

Navy Chief Admiral (retd) L Ramdas passed away on Friday at a military hospital here. He was 90 and was suffering from health issues related to old age. Ramdas, who was admitted to the hospital on March 11, breathed his last Friday morning, his daughter Sagari R Ramdas said. «He came to stay with me here in Hyderabad about nine months ago because he was not keeping good health,» she told PTI. The funeral will be held in Hyderabad on March 16, she said.

Anyone But You" stole hearts and wallets, raking in an impressive $190 million against its modest $25 million budget. With the movie's success, fans are eager to know if a sequel is on the horizon, especially considering the potential for feel-good romantic narratives.

Ravi River to Pakistan. Situated on the Punjab-Jammu and Kashmir border, this project will help Jammu and Kashmir region and Punjab to benefit as previously the water was destined for Pakistan. Some media outlets in Pakistan termed it as 'Water Terrorism' despite Indus Waters Treaty giving India exclusive rights over the water usage of the Ravi river. Pakistantoday.com.pk reported the news under the headline of "‘Water terrorism’ intensifies as India stops Ravi River water to Pakistan". The Dawn reported that a rally was organized in Lahore, calling for a review of the Indus Waters Treaty between Pakistan and India and restoration of the natural flow of rivers, including the Ravi. They urged the government to prevent toxic sewage from draining into the Ravi and other abandoned rivers. A Samma.tv report accused India of India persuing 'water terrorism' agenda. (Also read: India completely stops Ravi river water flow to Pakistan. Historical context and significance)

Shahpur Kandi barrage has effectively ceased the flow of water from the Ravi river into Pakistan, according to a report. Located on the Punjab-Jammu and Kashmir border, this development signifies a significant shift in water allocation, with the Jammu and Kashmir region now set to benefit from the 1150 cusecs of water previously destined for Pakistan. The diverted water will serve irrigation purposes, providing a boon to over 32,000 hectares of land in the Kathua and Samba districts. Despite facing numerous challenges over the past three decades, the Shahpur Kandi barrage project, essential for irrigation and hydropower generation, is on the brink of completion. Under the 1960 Indus Water Treaty between India and Pakistan, India possesses exclusive rights over the waters of the Ravi, Sutlej, and Beas rivers, while Pakistan controls the Indus, Jhelum, and Chenab rivers. The successful implementation of the Shahpur Kandi barrage empowers India to maximize the utilization of the Ravi river's waters, redirecting previously allocated resources from the old Lakhanpur dam towards Jammu and Kashmir and Punjab.

₹58,444 crore for 2024-25. Sukhvinder Singh Sukhu, who also holds the finance portfolio, hiked the MSP of cow milk from ₹38 to ₹45 per litre and buffalo milk from ₹47 to ₹55 per litre. "Himachal is the first state to give MSP on milk," he was quoted by PTI as saying.

Anyone But You", the romantic comedy has been released in the theatres, however a streaming and a digital release is yet to take place. The film by Sony Pictures features Sydney Sweeney as Bea and Glen Powell as Ben, a duo who are having a one-night stand and reunite months later at a wedding in Australia. Thereafter they agree to get involved in a fake relationship for impressing their love interests and families. Despite boasting of an incredible cast, the movie has not been a box-office success or left much impact on the critics. However it may still leave an impression on the audiences at home.

Elizabeth Hoffman, famous for her role as Beatrice Reed Ventnor, the mother of the daughters in the NBC drama 'Sisters,' has died at the age of 97. She passed away on August 21 due to natural causes at her home in Malibu, as confirmed by her son, Chris. Hoffman's notable roles included portraying Eleanor Roosevelt in the miniseries 'The Winds of War' (1983) and 'War and Remembrance' (1988-89). She also played Meryl Streep's mother in 'The River Wild' (1994) and an elderly character named Ruth in 'Dante's Peak' (1997). In 'Sisters,' Hoffman's character, Bea, kickstarts the story as her four daughters reunite to care for her after she turns to alcohol to cope with her husband's passing and sells the family home. She appeared in 87 out of the show's 128 episodes during its six-season run from 1991 to 1996. Born on February 8, 1926, in Corvallis, Oregon, Hoffman began her acting career in theater before making her on screen debut in 1980 with a role on 'Little House on the Prairie.' She also appeared in 'Matlock' and 'Stargate SG-1' in the late 1980s and 1990s. Hoffman's film credits include 'Fear No Evil' (1981), 'Nuts' (1987), and 'Born on the Fourth of July' (1989). She also made appearances on various television shows such as 'The Greatest American Hero,' 'The A-Team,' 'Hunter,' 'L.A. Law,' 'Star Trek: The Next Generation,' and 'Thirtysomething.' Her theatrical work featured performances in Tennessee Williams plays and the role of a woman who takes in a young Jewish girl in Diane Samuels' 'Kindertransport.' She is survived by her sons Chris and Paul, as well as her grandchildren Erica, Alison, Lauren, and Lily.

MANALI/KULLU : Distressed fruit and vegetable growers in Himachal Pradesh are considering taking out huge loans for the next crop cycle after floods devastated farm produce. Floods and incessant rain in July not only damaged the infrastructure of the state but also affected the quality and quantity of crops such as apple, plum, pear, tomato, cauliflower, beans, capsicum, chilli, cabbage, eggplant, peas and broccoli, causing huge losses. Himachal Pradesh ranks second in apple and almond production in the country.

₹154.25 crore had been approved for the Una and Kangra region of Himachal Pradesh under the Central Road and Infrastructure Fund (CIRF), according to ANI reports. With this approval, two bridges will be constructed on the Swan River at a cost of ₹50.60 crore and Pong Dam on the Beas River at a cost of ₹103.65 crore, Gadkari said.

By Lucia Mutikani

Mahantesh Sabarad, Independent Market Expert, says the first reaction to that subsidy scheme on home loans is “let us wait and watch what the scheme details are before we jump into the NBFC bandwagon but the banking sector definitely will benefit, typically the PSU banks having the largest reach when it comes to home loans would typically gain.”What is your view on the real estate sector? It has been reported that the Indian government is considering spending Rs 600 billion ($7.2 billion) to provide subsidised loans for small urban housing over the next five years. Banks are likely to roll out the scheme in a couple of months, ahead of key state elections later this year and general elections due in mid-2024. How big a fillip could this be?A great kicker could come for the real estate sector if that scheme becomes a reality soon. I guess that typically the real estate market always relies on a lot of incentive-based kind of selling and if we are going to have a government incentive or a subsidy coming in on the interest side, it should give a great deal of fillip to the real estate sector and that is positive news.