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Chhattisgarh polls: Women will get Rs 15,000 annual assistance if Congress retains power, says CM Baghel

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The first phase of polling in 20 out of the total 90 assembly seats in the state was held on November 7. The remaining 70 seats will see voted on November 17.

Chief Minister Bhupesh Baghel on Sunday said if the Congress retains power in Chhattisgarh, women will be given an annual financial assistance of Rs 15,000 in the state.

The announcement, which comes ahead of the second phase of Chhattisgarh elections scheduled on November 17, is being seen as a counter to the opposition BJP’s promise in its poll manifesto of giving Rs 12,000 per year to married women.

Today, on the auspicious occasion of Diwali, with the blessings of Maa Lakshmi ji and Chhattisgarh Mahtari, an important decision has been taken for women empowerment, Baghel told reporters in Raipur.

After the Congress government is formed again in Chhattisgarh, women in the state will be provided an annual assistance of Rs 15,000 directly into their bank accounts under the “Chhattisgarh Gruha Lakshmi Yojana’, he said. Baghel also wished the people of the state on Diwali.

The first phase of polling in 20 out of the total 90 assembly seats in the state was held on November 7. The remaining 70 seats will see voted on November 17.

In its first phase of polling in 20 seats, Chhattisgarh recorded a voter turnout of 78%, 1.5% more than state’s assembly elections in 2018, as per the Election Commission. The Bastar Assembly seat recorded the highest voter turnout—nearly 85%—while Bijapur had the lowest—48.37%.

Earlier, the Congress party unveiled its Chhattisgarh assembly election manifesto, promising various initiatives, including loan waivers for farmers and a caste census. The announcement came two days before the first phase of the state polls.

The manifesto, titled “Bharose ka Ghoshna Patra 2023-28,” was introduced at six different locations in the state, including Raipur, Rajnandgaon, Jagdalpur, Bilaspur, Ambikapur and Kawardha.

—PTI and ANI contributed to this story

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sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Uttarakhand: Tunnel under construction on Yamunotri National Highway partially collapses, 40 workers trapped

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The incident occurred around 4 am when a 150-metre-long portion of the four-and-a-half-kilometer-long tunnel collapsed.

A portion of a tunnel under construction between Silkyara and Dandalgaon on the Brahmakhal-Yamunotri national highway in Uttarkashi district collapsed in the early hours of Sunday, trapping around 40 workers inside, police said, according to a PTI report. They said the incident occurred around 4 am when a 150-metre-long portion of the four-and-a-half-kilometer-long tunnel collapsed, it added.

As soon as information about the incident was received, Uttarkashi Superintendent of Police Arpan Yaduvanshi immediately reached the spot and launched a relief and rescue operation, police added, the agency further added.

National Disaster Response Force, State Disaster Response Force, fire brigade and employees of the National Highways and Infrastructure Development Corporation Limited (NHIDCL), the organisation that is constructing the tunnel, are at the spot as well, they said.

With the construction of this all-weather tunnel under the Char Dham Road Project, the journey from Uttarkashi to Yamunotri Dham will be reduced by 26 kilometres.

—PTI and ANI contributed to this story

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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PM Modi wishes people on Diwali, reaches Himachal’s Lepcha to celebrate with security forces

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Prime Minister Narendra Modi on Sunday greeted people on Diwali and wished that the festival brings joy, prosperity and health to everyone’s lives.

President Droupadi Murmu, Vice President Jagdeep Dhankhar and Prime Minister Narendra Modi and other top political leaders have greeted people on the occasion of Diwali, Sunday, November 12.

In her message in a post on ‘X’ (formerly twitter), President Murmu called on to celebrate the festival of lights safely and take a pledge for nation-building by contributing to the conservation of the environment.

In his message, the Vice President said may the brightness and brilliance of this festival spread knowledge, wisdom and compassion to the core of people hearts.

Prime Minister Narendra Modi on Sunday greeted people on Diwali and wished that the festival brings joy, prosperity, and health to everyone’s lives.

देश के अपने सभी परिवारजनों को दीपावली की ढेरों शुभकामनाएं।

Modi said, “Wishing everyone a Happy Diwali! May this special festival bring joy, prosperity and wonderful health to everyone’s lives.”

ALSO READ | Diwali 2023: Wishes and messages to share with your loved ones

PM Modi in HP’s Lepcha to celebrate Diwali with security forces

Meanwhile, Prime Minister Narendra Modi on Sunday reached Lepcha in Himachal Pradesh to celebrate Diwali with security forces. Since coming to power in 2014, Modi has been visiting military facilities to celebrate Diwali.

Reached Lepcha in Himachal Pradesh to celebrate Diwali with our brave security forces. pic.twitter.com/7vcFlq2izL

In a post on ‘X’, the prime minister said, “Reached Lepcha in Himachal Pradesh to celebrate Diwali with our brave security forces.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Delhi AQI remains ‘poor’, MCD issued 383 challans for open burning of waste during November 1-10

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The MCD issued 383 challans to violators in Delhi for open burning of waste and other material during November 110, civic officials said on Saturday.

The MCD issued 383 challans to violators in Delhi for open burning of waste and other material during November 1-10, civic officials said on Saturday.

It also issued 823 challans — amounting to Rs 1.72 crore — for violations related to construction and demolition waste sites during the same period, the Municipal Corporation of Delhi (MCD) said in a statement.

Besides, 887 tandoors have either been removed or demolished as part of pollution control measures, it said.

Meanwhile, the Air Quality Index (AQI) remains in the ‘Poor’ category in the national capital as per the Central Pollution Control Board (CPCB).

AQI in Anand Vihar at 266, in RK Puram at 241, in Punjabi Bagh at 233 and in ITO at 227, news agency ANI reported.

An AQI between zero and 50 is considered ‘good’, 51 and 100 ‘satisfactory’, 101 and 200 ‘moderate’, 201 and 300 ‘poor’, 301 and 400 ‘very poor’, 401 and 450 ‘severe’, and above 450 ‘severe plus’.

Saturday’s 24-hour average air quality index stood at 220, the lowest for the day before Diwali in eight years.

This time, Delhi saw a sharp improvement in air quality just ahead of Diwali, which can be attributed to intermittent rainfall on Friday and wind speeds for the dispersion of pollutants.

To put this in perspective, Thursday’s 24-hour average AQI stood at 437.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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PM Modi to address rally in Hyderabad ahead of Telangana polls

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

This will be Prime Minister Narendra Modi’s second rally in a row in the city after the notification for the Telangana Assembly elections was announced on November 3.

Prime Minister Narendra Modi will be addressing a public rally at the Parade Ground in Secunderabad on Saturday as part of the Bharatiya Janata Party’s (BJP) outreach to Scheduled Caste (SC) communities ahead of the November 30 Telangana Assembly elections.

The rally is being organised by the Madiga Reservation Porata Samithi (MRPS), a community organisation of Madigas, one of the biggest constituents of scheduled castes in Telugu states.

This will be PM Modi’s second rally in a row in the city after the notification for the Telangana Assembly elections was announced on November 3.

MRPS has been demanding sub-categorisation of reservation for the Scheduled Caste communities for over three decades.

NV Subhash, BJP Telangana spokesperson, said that the Prime Minister will make some key announcements with respect to categorisation of SCs.

On November 7, PM Modi addressed a rally here — ”BC Atma Gourava Sabha” (Backwards classes self-respect meeting)- at the LB Stadium here. He promised that if voted to power in the November 30 Assembly polls, the BJP would make a person from the BC community the chief minister in Telangana.

Traffic advisories issues

The city police issued traffic advisories in connection with the meeting. The police said all road junctions in and around a three-km radius around Parade Ground is expected to face traffic congestion.

The city police asked motorists to avoid the road from Panjagutta to Secunderabad via Begumpet due to congestion on the thoroughfare as well as on roads surrounding the Parade Ground. The road between Tivoli Crossroads and Plaza Crossroads will also be shut.

The police also asked commuters to avoid MG Road, RP Road and SD Road between 2 pm and 10 pm today.

Also, passengers who want to travel by evening trains from Secunderabad railway station and by RTC buses at the Jubilee bus station should start early and also used the Metro Rail service.

Telangana is set to witness a triangular contest between the BJP, the ruling Bharat Rashtra Samithi, and the Congress in the upcoming assembly polls.

In the previous Assembly election held in 2018, BRS managed to win 88 seats out of 119 and had a dominant vote share of 47.4%. Congress came in a distant second with 19 seats. Its vote share was 28.7%.

With agency inputs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Moody’s cuts USA’s credit outlook to negative on rising interest rate and political polarisation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Moody’s, though, left the nation’s AAA credit score intact for now, keeping it as the last of the big three ratings firms to maintain the US at the top mark. Fitch Ratings lowered its rating to AA+ from AAA in August, and Standard & Poor’s downgraded the US in 2011.

The credit rating agency Moody’s Investors Service on Friday lowered its outlook on the US credit rating to “negative” from “stable,” citing the cost of rising interest rates and political polarisation in Congress, a move that drew immediate criticism from President Joe Biden’s administration.

Moody’s in a statement said that “continued political polarisation” in Congress raises the risk that lawmakers will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability.”

The credit rating agency, though, retained its top triple-A credit score on the US government debt intact for now, keeping it as the last of the big three ratings firms to maintain the US at the top mark.

The agency warned of “downside risks” because of a rising budget deficit with no apparent plan to rein in the deficit at a time of significantly higher interest rates from the US Federal Reserve.

“In the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues, Moody’s expects that the US’s fiscal deficits will remain very large, significantly weakening debt affordability,” the agency said.

Brinkmanship in Washington has also been a contributing factor, Moody’s said.

“Recently, multiple events have illustrated the depth of political divisions in the US: Renewed debt limit brinkmanship, the first ouster of a House Speaker in US history, prolonged inability of Congress to select a new House Speaker, and increased threats of another partial government shutdown,” the agency said.

The move follows a rating downgrade of the sovereign by another ratings agency, Fitch, this year, which came after months of political brinkmanship around the US debt ceiling.

Fitch Ratings lowered its rating to AA+ from AAA in August, and Standard & Poor’s downgraded the US in 2011. A reduced outlook, however, raises the risk that Moody’s could eventually strip its triple-A rating from the US as well.

Federal spending and political polarisation have been a rising concern for investors, contributing to a selloff that took US government bond prices to their lowest levels in 16 years.

“It is hard to disagree with the rationale, with no reasonable expectation for fiscal consolidation any time soon,” said Christopher Hodge, chief economist for the US at Natixis. “Deficits will remain large … and as interest costs take up a larger share of the budget, the debt burden will continue to grow.”

A lower rating on the US debt could cost taxpayers if it leads borrowers to demand higher interest rates on Treasury bills and notes. The yield on the 10-year Treasury has risen significantly since July, from about 3.9% to 4.6% Friday, an unusually sharp rise.

Some market analysts have said the August Fitch downgrade may have contributed to that increase, though most point to other factors as bigger drivers, such as the Federal Reserve’s commitment to keeping its benchmark rate at a 22-year high to battle inflation.

Biden administration criticises Moody’s decision

Treasury Department officials said they disagreed with the negative outlook.

“While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook,” Deputy Treasury Secretary Wally Adeyemo said. “The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”

Adeyemo said the Biden administration had demonstrated its commitment to fiscal sustainability, including through over $1 trillion in deficit reduction measures included in a June agreement struck with Congress on raising the US debt limit, and Biden’s proposal to reduce the deficit by nearly $2.5 trillion over the next decade.

Karine Jean-Pierre, White House press secretary, suggested the move was “yet another consequence of congressional Republican extremism and dysfunction”.

The federal government’s budget deficit jumped to $1.7 trillion in the budget year that ended September 30, up from $1.38 trillion the previous year. Analysts have warned that with interest rates heading higher, interest costs on the national debt will eat up a rising share of tax revenue.

Separately, congressional lawmakers left Washington for the weekend without a plan to avoid a potential government shutdown that could occur by November 17. Moody’s cited congressional dysfunction as one reason it lowered its outlook on US debt.

Moody’s lower outlook comes after a bond selloff that has pushed long-term Treasury debt yields to levels not seen since 2007 in recent weeks.

An environment of higher interest rates will likely result in higher interest payments and higher deficits, William Foster, a senior vice president at Moody’s, told Reuters.

“Any type of significant policy response that we might be able to see to this declining fiscal strength probably wouldn’t happen until 2025 because of the reality of the political calendar next year,” Foster added.

(With inputs from agencies)

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Reliance Brands unveils AFEW Rahul Mishra label in collaboration with the Indian designer

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

AFEW Rahul Mishra curated by stylist Jenke Tailly, collection includes a lineup of women’s clothing, complemented by a selection of jewellery, bags, and shoes.

Reliance Brands Ltd. (RBL) on Wednesday, in collaboration with Indian designer Rahul Mishra launched ready to wear global luxury label, Air, Fire Earth, Water (AFEW) Rahul Mishra at the Palais de Tokyo in Paris. The Indian designer jointly developed AFEW Rahul Mishra with a London-based design agency, Michael Nash.

AFEW Rahul Mishra curated by stylist Jenke Tailly, includes a lineup of women’s clothing, jewellery, bags, and shoes. Anthony and Stephanie Nash created the label of the logo through a design process that lasted nearly a year.

The collection is based on nature, landscape, art, and culture which is contemporary. The visuals of this collection depict renditions of Himalayan landscapes with the backdrop of a sky and simplified print motifs, as per a release.

Following the brand’s Paris launch, the collection will be showcased to global retailers from September 28 to October 3 at a dedicated sales showroom, as per the release.

AFEW Rahul Mishra will be available on AFEW.RahulMishra.in and at Rahul Mishra flagship stores in the coming months, RBL revealed in a release. Moreover, exclusive stores will also be opened in selective cities.

Rahul Mishra said, “With AFEW Rahul Mishra, I am glad to return to creating ‘easy to wear’ fashion after a temporary hiatus from it in my namesake brand in 2020.”

“In AFEW Rahul Mishra, we are thrilled to institute a new global brand from India that is fiercely modern and yet, carries the delicateness of human touch in a way that it is more accessible to the consumer,” added Rahul Mishra.

Darshan Mehta, MD of Reliance Brands Ltd said, “AFEW gives voice to Rahul Mishra’s genius of nature-inspired creativity and his desire to be more present in the lives of his customers. The launch during Paris Fashion Week propels the brand onto a global stage, reaching the most discerning global audience looking for functional everyday pieces elevated by a couturier’s touch.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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India-West Asia-Europe connectivity corridor to be launched soon: PM Modi

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

G20 Summit 2023: India, Saudi Aradia, the UAE, US and Europe joined hands to strike the massive infrastructure deal. The rail and shipping corridor would enable greater trade among the countries, including energy products. It could also be one of the more ambitious counters to China’s own belt and road initiative that sought to connect more of the world to that country’s economy.

Prime Minister Narendra Modi on Saturday said an India-West Asia-Europe connectivity corridor for economic integration would be launched soon. Modi made the announcement flanked by US President US Biden and Saudi Arabia Prime Minister Mohammed bin Salman at the G20 Summit in New Delhi on Saturday.

Officially dubbed the India-Middle East-Europe Economic Corridor, (IMEC) the initiative, jointly spearheaded by India and the US, will be a historic and first-of-its-kind initiative on cooperation on connectivity and infrastructure involving India, UAE, Saudi Arabia, EU, France, Italy, Germany, and the US.

“This corridor will show a sustainable way to the whole world,” the Prime Minister said.

Signatories include Italy, France, Germany, India, USA, UAE and Saudi Arabia

IMEC will comprise of two separate corridors, the east corridor connecting India to the Arabian Gulf and the northern corridor connecting the Arabian Gulf to Europe, enabling goods and services to transit to, from, and between India, the UAE, Saudi Arabia, Jordan, Israel, and Europe

It will include a railway that, upon completion, will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime and road transport routes, a statement from the White House read.

Along the railway route, the signatories intend to enable the laying of cable for electricity and digital connectivity, as well as pipe for clean hydrogen export

All countries intend to meet within the next 60 days to develop and commit to an action plan with relevant timetables

Biden said the United States will invest in a new rail line from Angola towards the Indian Ocean.

“This will generate jobs and enhance food security. This is a game-changing investment. The world stands at an inflection point in history. Together let’s work as one,” Biden said.

bin Salman said Saudi Arabia looks forward to the implementation of the initiative,

“It will be the most direct connection between India, Middle East. and Europe. This will make travel 40 percent faster,” Ursula von der Leyen, President, European Union said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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India launches ‘Hello UPI’ for conversational payments

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The NPCI has launched ‘Hello UPI’ for easy conversational payments and ‘Bharat BillPay Connect’ for effortless bill payments via voice assistants, smartphones, and feature phones.

The National Payments Corporation of India (NPCI), at the Global Fintech Fest on Wednesday, has launched two conversational payments initiatives that are aimed at increasing convenience and accessibility for users.

‘Hello UPI’ allows users to make payments by engaging in conversations with their smartphones — whether it’s splitting a restaurant bill, sending money to a friend, or settling utility bills.

In an official statement, the NPCI said, “The introduction of conversational UPI payments will augment user experience by enabling them to make voice-enabled UPI payments via UPI Apps, telecom calls, and IoT devices in Hindi and English, and will soon be available in several other regional languages.”

The NPCI has partnered with the Bhashini programme, AI4Bharat at IIT Madras, to co-develop Hindi and English payment language models.

The NPCI also launched ‘Bharat BillPay Connect’, an initiative aimed at effortless bill payments through conversations. ‘Bharat BillPay Connect’ enables users to pay their bills through natural conversations with popular voice assistants like Alexa or via feature phones, smartphones, or merchant soundboxes. This initiative aims to cater to users across various tech proficiency levels, ensuring that digital bill payments are accessible to all.

Customers can fetch and pay bills through voice commands on their smart home devices and get instant voice confirmation. Moreover, instant voice confirmations will be enabled for bill payments made at physical collection centers through payment soundbox devices,” the NPCI stated.

Also read: NPCI eyes 100 billion UPI transactions a month soon — Three factors that scaled adoption

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Consumer court orders ITC to pay Rs 1 lakh to man who found one biscuit less in a packet

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

ITC Limited was ordered by a consumer court to pay Rs 1 lakh in compensation to a consumer who found only 15 biscuits in a 16-biscuit pack. The court ruled in favor of the complainant, citing “unfair trade practices”.

A consumer court has directed ITC Limited, one of India’s leading conglomerates, to pay Rs 1 lakh in compensation to a consumer who accused the company of deceptive practices after he claimed that he found only 15 biscuits in a packet that was supposed to contain 16.

The complaint was filed by Chennai resident P Dillibabu after he found 15 biscuits in packs of 16 each, sold by ITC, and the court ruled in favour of the complainant on August 29, finding ITC guilty of “unfair trade practices”.

According to media reports, in December 2021, while in Manali, the complainant purchased 24 packets of ‘Sun Feast Marie Light’ biscuits from a local retail store. However, upon opening the packets, he claimed that he discovered that one of the 16 biscuit packs contained only 15. Dillibabu said he promptly approached both the retail store and ITC for an explanation but received no satisfactory response from either party.

In his complaint to the consumer court, Dillibabu said that each biscuit was priced at 75 paise, and ITC manufactured approximately 50 lakh packets of these biscuits daily. He extrapolated and accused ITC, headquartered in Kolkata, of swindling consumers out of ₹29 lakh each day through this alleged misrepresentation.

In its defence, ITC had contended that the product was sold based on weight and not the number of biscuits per pack. In this instance, the advertised net weight of the product was 76 grams, the company stated.

The commission, however, examined this claim and found that the actual weight of the product was only 74 grams. In return, ITC’s counsel cited the Legal Metrology Rules of 2011, which allow for a maximum permissible error of 4.5 grams for pre-packaged commodities. The judge disagreed, asserting that these rules were applicable only to items considered ‘volatile’ in nature.

In its ruling, the consumer court found ITC guilty of engaging in “unfair trade practices” and ordered the company to cease selling the particular batch of biscuits in question. Additionally, the judge directed ITC to pay Rs 1 lakh as compensation to Dillibabu.

Also read: Consumer Welfare Fund to now pay fee of the mediator in a consumer dispute

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
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Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?