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Gold Price Today (24 August); What is the price of Sona Chandi today | Business News | Gold and silver prices rose this week: Gold rose by Rs 820 to reach Rs 71,424, silver became costlier by Rs 3,105

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hindi news Business Gold Price Today (24 August); What is the price of gold and silver today | Business News New Delhi19 hours ago copy link This week, there has been a rise in the prices of gold and silver. According to the website of India Bullion and Jewelers Association (IBJA), last Saturday, i.e. on August 17, gold was at Rs 70,604, which has now reached Rs 71,424 per 10 grams (August 24). That is, its price has increased by Rs 820 this week. Talking about silver, it was at Rs 81,510 last Saturday, which has now reached Rs 84,615 per kg. This week its price has increased by Rs 3,105. This year silver reached its all-time high of Rs 94,280 per kg on 29 May. Gold made an all-time high of Rs 74,222 on 21 May. Gold price in 4 metro cities and Bhopal Delhi : The price of 10 grams of 22 carat gold is Rs 66,740 and the price of 10 grams of 24 carat gold is Rs 72,790. Mumbai : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Kolkata : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Chennai : The price of 10 grams of 22 carat gold is Rs 66,590 and the price of 10 grams of 24 carat gold is Rs 72,840. Bhopal : The price of 10 grams of 22 carat gold is Rs 66,640 and the price of 10 grams of 24 carat gold is Rs 72,690. Gold has increased by more than 8 thousand rupees so far this yearAccording to IBJA, the price of gold has increased by Rs 8,072 so far this year. On January 1, gold was at Rs 63,352, which has now reached Rs 71,424 per 10 grams. At the same time, the price of one kg silver has increased from Rs 73,395 to Rs 84,615. Gold can reach up to 78 thousand by the end of the yearAccording to Anuj Gupta, Commodity and Currency Head of HDFC Securities, gold and silver may see further increase in the coming days. This year, the price of gold may reach Rs 78 thousand per 10 grams. Silver may also reach Rs 1 lakh per kilogram. There is more news… Source link

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Bangladesh Crisis; Judge Shamsuddin Chowdhury Manik Arrest Update | Former Bangladeshi judge coming to India arrested: Caught in Sylhet near the border, had abused Khaleda Zia’s husband on TV

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Dhaka17 hours ago copy link Retired Bangladesh Supreme Court judge Shamsuddin Chowdhury Manik was arrested near the border in Sylhet on Friday night. According to the Bengali newspaper Dhaka Tribune, he was trying to flee to India when he was caught by locals. After this, he was handed over to Border Guard Bangladesh (BGB). BGB has confirmed this. Manik was kept in the BGB post till late night. On Saturday morning, he was taken to Sylhet headquarters. A defamation suit was filed against Manik on Thursday for making derogatory remarks against Khaleda Zia’s late husband and Bangladesh Nationalist Party founder Ziaur Rahman. Former Supreme Court Justice Shamsuddin Chowdhury Manik was caught by locals near the border with India. Khaleda Zia’s husband was called a RazakarAccording to the FIR, Justice Manik had said about Ziaur Rahman on a private channel in October 2022 that he was not a freedom fighter but a ‘Razakar’. In Bangladesh, Razakar means traitor. Many videos related to Manik’s arrest are viral on social media. In one video, the police is holding his neck. In another video, he is sleeping on a banana leaf. Justice Manik had called Ziaur Rahman a Razakar on a private TV channel. Journalist couple going to France arrestedIn Bangladesh, after Sheikh Hasina left the country, many of her close associates have been arrested. Earlier, TV journalist couple Farzana Rupa and her husband Shakeel Ahmed, who were considered supporters of Sheikh Hasina in Bangladesh, were arrested. They were arrested on 21 August from Shahjalal Airport. Their daughter was also with them. They were trying to go to Paris. The journalist couple had got permission to leave the country. But before boarding the plane, the police took them into custody. They were told that a case related to murder is registered against them. Later they were sent to jail on 4-day remand. The couple held important positions in Ekattor TV. But after the fall of the Hasina government, they were removed from the channel on 8 August. Farzana Rupa and her husband Shakil Ahmed worked at Ekattor TV. They were fired after Sheikh Hasina left the country. Former law minister was fleeing in the guise of a fisherman, arrestedEarlier on August 14, former Bangladesh Law Minister Anisul Haque and Salman F Rahman, an investment adviser in the Hasina government, were arrested. They were trying to flee to India from Dhaka via river. According to reports, Salman had even shaved off his beard to avoid getting caught and was trying to escape by disguising himself as a fisherman. Within hours of his arrest, he was charged with involvement in a murder and sent to jail on 10 days remand.Many supporters of Sheikh Hasina are still missingSince Sheikh Hasina left the country, many of her supporters have been in hiding. Some people have already fled the country. Apart from these, military and civilian officials including several members of Hasina’s cabinet were arrested. These include former Foreign Minister Hasan Mahmud, former Social Welfare Minister Dipu Moni, several MPs-leaders of the Awami League and its allies, leftist Workers Party chairman Rashed Khan Menon and several recently expelled members. Hasina’s existence was destroyed by her own people: close ministers and officers took wrong decisions, restored internet without asking; this led to the cooling down of the movement to flare up again Ministers and top officers close to Sheikh Hasina also played a big role behind the coup in Bangladesh. Intelligence reports say that the ‘wrong’ decisions of the Law Minister, Law Secretary, Governor of Bank of Bangladesh, IT Minister and Head of Intelligence Branch inflamed the movement which was dying down. Restoring mobile internet services and forcibly interrogating agitating students proved very costly for the Hasina government. Some officers of the Bangladesh Army’s intelligence wing Directorate General of Force Intelligence (DGFI) and some cabinet ministers were not loyal to Hasina. Read full news here… There is more news… Source link

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N. Raghuraman’s column – Do you know the true definition of luck? | N. Raghuraman’s column: Do you know the true definition of luck?

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23 hours ago copy link N. Raghuraman, Management Guru Luck can be defined differently in different professions. For example, for a professional cricketer, hitting the ball exactly where the bat lands would not be considered luck, but the ball landing exactly where the batsman hits it would be considered luck. At the same time, the definition of luck for common people can be completely different. And 31-year-old Sanjay Yadav from Jharkhand understood this in a tenth of a second! Today he is a sensation on social media. You might be wondering how someone can learn this in less than a second? Here is the answer. Sanjay is a cab driver in Mumbai and lives in a 15×10 sq ft chawl with four other friends in a remote suburb. Sanjay always wanted to earn as much money as possible and keep his wife and two children with him in Mumbai. For the last six years, he has been barely able to meet the basic needs of two families – one in Jharkhand and the other in Mumbai and his own expenses. On the afternoon of August 16, Sanjay had completed 3-4 rides and was about to sit down to have a cup of tea when his roommate, who is also a cab driver, asked him to pick up a female passenger as he also had a ride at the same pickup time. Sanjay took the ride. The 57-year-old woman wanted to go to the newly built Atal Setu in Mumbai to immerse some pictures of the deity. When Sanjay said that stopping the vehicle was not allowed on Atal Setu, the woman insisted that it would not take more than five minutes. Sanjay took her to Atal Setu and during that time they had a light conversation and everything seemed normal. They reached the bridge at 7 pm but she did not know that she was going to get an electric shock. The woman parked the car at an angle so that no one could see what she was doing. Sanjay stopped near the toll plaza exit and asked the woman to hurry up. He thought the woman’s bag contained pictures and idols of gods which she would throw down from the bridge, but he became alert when the woman climbed over the crash barrier and started throwing the pictures one after the other down. Sanjay got nervous as he could get caught for breaking the rules, so he got out of the car to ask what she was doing. To distract Sanjay, the woman asked for water to sprinkle on the photographs. Since the water bottle kept on the passenger side was empty. As he was coming towards the driver’s side, he saw a traffic police patrol car coming towards him with siren blaring. In the last second between 7.05 and 7.06, the woman climbed over the barrier, dangled her legs down towards the sea and almost jumped. And Sanjay caught hold of the woman by her hair in less than a second. During this time his hand was getting cut by the sharp barrier but he held the woman by her hair for the next 16 seconds, until the traffic police came and climbed the railing and caught the woman by her left wrist and then Sanjay’s injured hand got some relief and the woman could be rescued safely. At the police station, the family members thanked Sanjay for hours, holding his hand and calling him an angel, while the police, after thanking him, warned him not to stop on the bridge next time. But in the next few hours, no one could stop Sanjay from becoming a social media sensation. In the last one week, many passengers recognized him and also generously helped him financially. The funda is that Luck is the meeting point of two things – alertness of mind and arrival of opportunities. There is more news… Source link

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Reliance Disney Merger Deal Update (Cricket Broadcast Rights) | Reliance-Disney ready to sell 10 channels for merger: But companies will not sell cricket rights; said – invested 80 thousand crores

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New Delhi18 hours ago copy link Disney-Reliance have announced some concessions in an attempt to get approval from the Competition Commission of India (CCI) for their Rs 71,250 crore media merger deal. However, these companies are not ready to sell cricket broadcasting rights, which are considered to be the most important part of this deal. CCI had expressed concern this week that the new company formed after the merger of the two companies could control most of the cricket rights for TV and streaming in India, which could harm advertisers. In response, the companies proposed not to increase advertising rates unreasonably. However, the companies have not promised to keep advertising rates stable for any specific period. Companies believe that they have spent about 80 thousand crores rupees on cricket rights, so they do not want to leave them. CCI will now review these new proposals and see whether these concessions are enough to reduce the concerns related to competition or whether more in-depth investigation is needed. The CCI has already asked Reliance and Disney about 100 questions related to the merger. The companies have already told the CCI that they are willing to sell about 10 TV channels to mitigate concerns related to market power and get quick approval. 120 channels after merger, 40% share in advertising marketIn the last few years, both companies have attracted users by showing cricket matches for free on some of their streaming platforms. Reliance-Disney’s goal is to become India’s largest entertainment player, which will compete with companies like Sony, Netflix and Amazon. The new entity formed by their merger will include 120 TV channels and two streaming services. Brokerage firm Jefferies says that the joint venture of Disney and Reliance will have a 40% share in the advertising market of the TV and streaming segment. Reliance is India’s largest private sector companyReliance is India’s largest private sector company with a market cap of Rs 20,29710.68 crore. Reliance currently operates in hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewable energy (solar and hydrogen), digital services and retail sectors. There is more news… Source link

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Ukraine Volodymyr Zelensky Update; PM Narendra Modi Vladimir Putin | Russia War | Zelensky said- If India wants, the Russia-Ukraine war can be stopped: said- If India does not buy oil from Russia, Putin will be forced to ceasefire

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Kyiv14 hours ago copy link After reaching Ukraine on Friday, PM Modi also paid tribute to the children killed in the Russia-Ukraine war. Ukrainian President Volodymyr Zelensky has said that if India and its people change their attitude towards Russia, then this war can end and Putin himself will take this decision. India has a big contribution in Russia’s economy. After a bilateral meeting with PM Modi on Friday, Zelensky said, “We discussed the issue of India buying oil from Russia. Due to the war, many trade related restrictions have been imposed on Russia in the world. But in the meantime, India’s doors are open. If India stops importing oil from Russia, it will be a big challenge for Putin.” There was a bilateral meeting between PM Modi and President Zelensky for about 3 hours. ‘Putin is getting billions of rupees of help from India and China’Zelensky said, “Billions of rupees coming from India and China have helped Putin in the midst of the war. We have to stop giving money to Russia to make weapons.” The Ukrainian President said that Putin does not respect India’s PM Modi. That is why he attacked the Ukrainian hospital during Modi’s visit to Russia. Regarding India’s stand on the UN resolution related to the Russia-Ukraine war, Zelensky said, “I am not happy that we did not get India’s support. We will now try to talk to them before the next proposal is presented. We want India to be on our side. India can play an important role in stopping the war.” After the bilateral meeting between Modi and Zelensky, Foreign Minister Jaishankar held a press conference in Kiev. He said, “Today it is important for the global community that oil prices remain stable. India is a big consumer and importer of oil.” Jaishankar said- the decision to buy oil depends on the marketThe foreign minister said that there is a market strategy behind buying oil. It completely depends on the market conditions. Major oil suppliers like Iran and Venezuela, who earlier sold oil to India, are not able to operate with as much freedom today. All these reasons impact India’s oil buying policy. On the other hand, during the meeting with Zelensky, PM Modi said that India has never been neutral regarding war. We have been in favor of peace from day one. We come from the land of Buddha, where there is no place for war. We come from the land of Mahatma Gandhi, who has given the message of peace to the whole world. PM Modi said that India has never been neutral in war. We have been in favour of peace from the very beginning. ‘Territorial integrity is most important for India’Modi said, “Respect for sovereignty and territorial integrity is most important for India. I met Russian President Putin a few days ago. Then I looked into his eyes and told him that this is not the time for war.” PM Modi said that India is ready to play an active role in every effort for peace. If I can personally contribute in any way, then as a friend, I would definitely like to do so. Read full news… Finally, foreign affairs expert Know from Rajan Kumar whether India can really stop the war by not buying oil from Russia?Rajan Kumar said that if India is buying oil from Russia, then it is not doing Russia a favour by doing so, rather it is both a compulsion and a benefit for India. If India stops buying oil from Russia, then the price of oil will increase in the market, which will create a crisis for the economy. India also has some limitations. India’s economy, foreign investments, diplomatic resources are not big enough to stop such a big war. It can appeal to stop the war, can provide a platform to bring two parties on one side but we are not yet capable enough to stop the war happening in Ukraine. There is more news… Source link

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Column by Virag Gupta- National interest ignored due to lack of coordination between the center and states | Column by Virag Gupta: National interest ignored due to lack of coordination between the center and states

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hindi news Opinion Column By Virag Gupta National Interest Ignored Due To Lack Of Coordination Between The Center And States 23 hours ago copy link Virag Gupta, Supreme Court lawyer In our childhood, our uncle used to tell us the story of two foolish disciples who, in the name of service, divided the feet of their Guru. But when the disciples started chopping off the feet of the Guru with an axe after a quarrel over a small matter, Guru Maharaj had to run away to save his life. A similar situation exists in our country, where due to the growing animosity between the Centre and the opposition states, the constitutional system is being torn apart and important issues related to national interest are being ignored. In the backdrop of growing unrest in India and anger erupting on the streets, it is important to examine 6 major aspects. 1. Crisis in neighbouring countries: The three major aspects of public discontent in the coups in Sri Lanka, Pakistan, Nepal and Bangladesh are also visible in India. Growing inequality in the new economic system. Spread of ultra-nationalism and fanaticism among unemployed youth through social media. Anger of the crowd on the streets against the governments that have failed to meet quick expectations in the era of mobile and Whatsapp. 2. The Constitution is crumbling: The sharp comments of the judges in the Kolkata and Maharashtra cases clearly show that the police, administration and hospital structure in the states have collapsed. Instead of removing injustice and improving governance, politicians are doing politics even on serious matters like rape. Instead of punishing the culprits, the Constitution is crumbling due to CBI investigations in high profile cases and hearings in the Supreme Court and institutional decline of district courts. 3. Devastation of economy due to e-commerce: Commerce Minister Piyush Goyal’s statement about the illegal activities of Amazon and foreign e-commerce companies clearly shows that instead of leading the new revolution of AI, our country has become a follower and is stuck in the blind tunnel of colonialism. Despite evidence of illegal lobbying, tax evasion and violation of law, the government’s lethargy against e-commerce companies is leading to bankruptcy of crores of people. 4. Google’s monopoly: In America, strict laws were made in 1890 and then in 1914 to stop the monopoly of companies. Google, which is given the status of Mahaguru in India, has been exposed for its illegal activities and criminality in America. Google has paid trillions of dollars to companies like Apple and Samsung to increase the dominance of its search engine, web-browser, Google Ads and Android operating system. It is worth mentioning that since there is no record of such payments in India, these companies are evading trillions of rupees of GST and corporate tax in India. 5. Crisis of indigenous industries and startups in India: The mother of Kamala Harris, the next presidential candidate in America, is of Indian origin. Most of the tech companies are also run by Indians. Judge Mehta, who gave the verdict against Google, is also of Indian origin. After this verdict, Google may have to pay a heavy fine along with giving full information to the US Justice Department and FTC. Apart from this, Google can be divided into many parts to end the monopoly. The interesting thing is that apart from Google, companies like Meta, Amazon, Microsoft and Apple are also adopting many unfair measures in countries like India. Due to the failure of the government to stop their monopoly, the development of indigenous industries and startups is being blocked and the government treasury is suffering a huge loss due to tax evasion. 6. Race to take over governments: These companies registered in America coordinate with the American governments. In the last elections, Meta and other companies supported Biden against Trump. This time Elon Musk of Twitter i.e. X is openly supporting Trump. In countries like India, tech companies promote divisive forces through social media to escape the purview of law. They are also hijacking the electoral process in India along with tax evasion, cyber crime, data theft. It is sad and unfortunate that these important issues are not being debated in Parliament and the Supreme Court. If strict control over foreign tech companies is not put in place through concrete laws and effective regulators, both the economy and the banking system can collapse. It is sad and unfortunate that important issues are not being debated in Parliament and the Supreme Court. If strict control over foreign tech companies is not put in place through concrete laws and effective regulators, both the economy and the banking system can collapse. (These are the author’s own views.) There is more news… Source link

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UIDAI Aadhaar Card Misuse Verification | Aadhaar Authentication | Is your Aadhaar card being misused: You can check it from home, you can also complain if it is misused

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New Delhi17 hours ago copy link Aadhaar card is an important document. Aadhaar number is required for everything from taking advantage of government schemes to child’s admission. Aadhaar card contains information ranging from your name, address and phone number to fingerprints. In such a situation, if Aadhaar falls into the wrong hands, you may have to face problems. In such a situation, if you are worried that someone is misusing your Aadhaar, you can check it yourself from home. On the official website of Unique Identification Authority of India (UIDAI), you can check online from home as to when and where your Aadhaar number has been used. No charge is taken from you for this. This is its complete process… 1. First of all go to Aadhaar website or this link uidai.gov.in will go on. 2. Here, below Aadhaar Services, you will find the option of Aadhaar Authentication History, click on it. 3. Here you have to enter the Aadhaar number and the security code shown and click on Send OTP. 4. After this, an OTP will be sent to the registered mobile number linked to Aadhaar for verification. Enter this OTP and click on Submit. 5. After this, you will have to fill all the required information including authentication type, date range and OTP. (Note- You can see data up to 6 months.) 6. On clicking Verify OTP, a list will appear in front of you containing information on when and where Aadhaar was used in the last 6 months. You can complain if it is misusedIf you find out that your Aadhaar card has been misused after checking the records, you can immediately lodge a complaint. You can lodge a complaint by calling the toll free number 1947 or by emailing help@uidai.gov.in or uidai.gov.in/file-complaint You can also lodge a complaint online via the link. There is no provision to cancel the Aadhaar after the death of a personThere is no provision to cancel the Aadhaar card after the death of a person. In such a situation, it is the responsibility of the family of the deceased to keep the Aadhaar card of the deceased safe and ensure that it is not misused. If the person who has died was taking advantage of any scheme or subsidy through Aadhaar, then the concerned department should be informed about the person’s death. This will remove his name from that scheme. What to do: One can lock the Aadhaar of a deceased person through the Aadhaar app or the UIDAI website. This will help prevent misuse of the Aadhaar number of the deceased person. There is more news… Source link

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PM Narendra Modi Ukraine Visit Explained; US China | Russia Zelenskyy Putin | What did India gain from Modi’s Ukraine visit: managed to convince America, gave a message of peace to the world; claims and reality of the Ukraine visit

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6 hours ago copy link This is the third time Modi has met Zelensky amid the Russia-Ukraine war. Earlier, the two leaders had met in Japan in May 2023 and in Italy in June 2024. “It is heartbreaking that the leader of the world’s largest democracy (Modi) is hugging the world’s bloodiest criminal (Putin).” When Modi visited Russia on 9 July, Ukraine’s President Volodymyr Zelensky said this. Exactly 44 days after this, Modi visited Ukraine. He hugged Zelensky and put his hand on his shoulder. Modi told Zelensky that he had looked Putin straight in the eye and said that this is not the time for war. When Modi was saying this, India’s Defense Minister Rajnath Singh was signing two defense deals in America. In such a situation, many claims related to Modi’s Ukraine visit have become a topic of discussion on social media. Like, did Modi go to Ukraine due to US pressure… Will the Ukraine visit worsen India-Russia relations… Know the truth of such claims from experts in the story… No Indian Prime Minister had visited Ukraine since its establishment in 1991. First of all, know why Modi went on a visit to Ukraine? Russia affairs expert Rajan Kumar told that there were 3 reasons behind PM Modi’s visit to Ukraine… Act of Balancing- PM Modi was being criticized after he visited Russia in the midst of the war. Western countries expressed displeasure over his visit to Russia and accused India of taking a one-sided stand. Western countries have a great influence in India in matters ranging from development to security agreements. This is the reason why PM Modi went to Ukraine in an attempt to create a balance between the two factions during this visit. Bridge Role Play: Neither America wants to stop the Russia-Ukraine war nor is Russia interested in ending it. When Modi went to Russia, he talked about peace there. Modi said the same thing when he went to Ukraine. India not only represents itself but also leads the countries of the Global South. In such a situation, Modi went to Ukraine and presented the side of the Global South countries. India tried to prove that it can act as a bridge between the world divided into two groups. Bilateral Talks: There has been an increase in trade relations between India and Ukraine in the last 25 years. However, India has a trade deficit with Ukraine. That is, in May 2024, we imported goods worth Rs 1081 crore from Ukraine while our export value was only Rs 88.84 crore. Apart from this, India’s trade with Ukraine went into negative in the last one year. Our export value decreased by 5.64 crores. The purpose of PM Modi’s visit was also to discuss trade relations between the two countries. PM Modi received a ceremonial welcome at the Mariinsky Palace in Ukraine. After this, Modi and Zelensky held a bilateral meeting. Claim 1: Modi went to Ukraine to please America and because of Chinareality: Rajan Kumar says that after the Ukraine war, India’s trade with Russia has increased a lot. Because of this also India was being accused of being close to Russia. America and some western countries were pressuring India that being a democratic country, India’s relations with democratic countries should be better. India’s trade is the highest with the US and it is increasing. It is also India’s compulsion to stay with the US because it can help more than Russia in any dispute with China. Ukraine, which was never a priority in our foreign policy, has suddenly become important for us, and America is also the reason for this. However, it is not that PM Modi has visited Ukraine only under pressure from America. Even before PM Modi was going to Russia, there was pressure from America not to do so, but then their words were not heeded. Actually, through this visit, India wanted to prove that its policy is impartial. India wanted to show that if it does not come under pressure from Western countries, then it will not come under pressure from Russia either. Through this visit, India has tried to address the concerns of Western countries. Along with this, India wants to prove its impartiality. PM Modi was given a red carpet welcome at Zelensky’s residence Claim 2: If India stops buying oil from Russia, Russia will be forced to stop the warreality: Rajan Kumar said that even if India stops buying oil from Russia, it will not affect it much. If India is buying oil from Russia, then it is not doing Russia a favour by doing so, rather it is both a compulsion and a benefit for India. In fact, India overtook China in July to become the largest country to buy oil from Russia. India has bought 44% of its total crude oil imports from Russia. According to a Reuters report, India’s consumption of Russian oil is 2.07 million barrels per day. In such a situation, if India stops buying oil from Russia, the price of oil will increase in the market and many essential commodities will become expensive. This will put the economy in crisis. India also has some limitations. India’s economy, foreign investments, diplomatic resources are not big enough to stop such a big war. Modi can appeal to stop the war, can provide a platform to bring two parties together, but we are not yet capable enough to stop the war in Ukraine. Claim 3: PM Modi’s Ukraine visit will worsen India-Russia relations Reality: Rajan Kumar said that Modi’s Ukraine visit will not have any effect on India-Russia relations. Russia is unlikely to make a statement. However, the Russian government will definitely be disappointed by this. Russia is stuck in such a situation that it will not react to this immediately, but in return Russia can be seen trying to improve relations with India’s enemies China and Pakistan. At the same time, Kanwal Sibal, former Indian ambassador to the US, believes that this visit

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Sunita Narain’s column – Recent disasters are not only natural but also man-made | Sunita Narain’s column: Recent disasters are not only natural but also man-made

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hindi news Opinion Sunita Narain’s Column Recent Disasters Are Not Only Natural But Also Man made 23 hours ago copy link Sunita Narayan Environmentalist Recently, more than 300 people died due to the tragic landslide in Wayanad, Kerala. It may or may not have been related to climate change. Before that, the incidents of landslides and floods in Kedarnath or Himachal Pradesh were also related to climate change, or may not have been. We know that climate change will lead to more extreme weather events in the future. We have seen record-breaking temperatures in many areas across the country. Then came the rainy season. There is also a clear science of extreme rainfall and its connection to climate change. As ocean temperatures rise, the world will see more rain, and that will be in the form of heavy rainfall. So, even the days with fewer rains will see more rain. India is estimated to receive rainfall for a few hundred hours out of the approximately 8700 hours in a year. But in July 2024, the number of events classified as ‘very heavy rainfall’ according to the Indian Metrology Department (IMD) has more than doubled in the last five years. Such incidents in July were 90 in 2020, which has increased to 193 in 2024. Take the data of Bareilly in UP. On July 8, this district received 460 mm of rain in 24 hours. Bareilly receives an average rainfall of 1100 to 1200 mm every year. So half of this rainfall occurred in just 24 hours. The situation was the same in Champawat district of Uttarakhand. On July 8 itself, 430 mm of rain fell in 24 hours. If you take Pune district on July 25, then 560 mm of rain fell in 24 hours. This is more than half of the rainfall this district receives in a year. Take the Himalayas. It is the youngest mountain range in the world. It is prone to landslides and cloudbursts and is also a highly seismic zone. It is fragile. Yet we build in the Himalayas as if we were building parking lots in a congested area of ​​Delhi. We have no master plan for the towns in the Himalayan valleys. We are building on flood plains. In fact, we have started building even on rivers. We are destroying mountains. And we are cutting trees as if we will not get a chance tomorrow. It is true that we should develop the Himalayan region, but there is no justification for development projects without thinking. The hydroelectric projects being run in the Himalayas are an example of this. We should not be against these projects. After all, hydropower is an important energy source. It is also a renewable and clean energy source. The question is how should we work on these projects keeping in mind the sensitivity of the Himalayas? In 2013, I was a member of a high-level committee set up to examine these projects. The engineers said they proposed to build 70 hydroelectric projects on the Ganga to generate 9,000 megawatts of power. According to this plan, 80 per cent of the mighty Ganga river would be ‘modified’ and the river would have less than 10 per cent of its water during lean periods. Then it would be nothing more than a drain. How can this be called development, I asked? I suggested the alternative that we should redesign the projects according to the flow of the river, so that when there is more water in the river, more power is generated and when there is less water, less power is generated. This meant that the projects should be designed in such a way that the river maintains 30 to 50 per cent flow at all times. Then you would be modifying the projects, not the river. The Western Ghats of Kerala – where the landslide occurred – is part of the ecologically sensitive area recommended by the K. Kasturirangan Committee in 2013. The committee had recommended that activities like mining and excavation should be banned in these areas. But the Kerala government did not accept it and as a result, some hills collapsed due to excessive rain and there was massive loss of life and property. So remember, all the natural disasters we are seeing across the country today are not only natural but also man-made. We are building on flood plains. We have started building on rivers as well. We are destroying mountains. We are cutting trees as if we will not get another chance to do so tomorrow. Whereas the Himalayas and Western Ghats are extremely sensitive areas. (These are the author’s personal views.) There is more news… Source link

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Premier Energies IPO, ECOS Mobility & Hospitality. IPO Listing Date | Two IPOs will open next week: Invest in Premier Energies and ECOS Mobility & Hospitality, minimum investment ₹ 14,696

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Mumbai16 hours ago copy link Next week, 2 Initial Public Offers (IPOs) will open for listing in the stock market. These include Premier Energies Limited and ECOS Mobility and Hospitality Limited. Let us know about the IPOs of these two companies one by one. 1. Premier Energies LimitedPremier Energies wants to raise a total of ₹2,830.40 crore through IPO. For this, the company is issuing 28,697,777 fresh shares worth ₹1,291.40 crore. At the same time, the existing investors of the company are selling 34,200,000 shares worth ₹1,539 crore through Offer for Sale i.e. OFS. Investors will be able to bid for this IPO from August 27 to August 29. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 3. Retail investors can bid for a maximum of 429 sharesPremier Energies Limited has fixed the price band of this issue at ₹427-₹450. Retail investors can bid for a minimum of one lot i.e. 33 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹450, then you will have to invest ₹14,850 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 429 shares. For this, investors will have to invest ₹ 193,050 according to the upper price band. Premier Energies’ premium in grey market is 67.78%Before the IPO opens, the company’s stock has reached a premium of 67.78% i.e. ₹ 305 per share in the grey market. In such a situation, according to the upper price band of ₹ 450, its listing can happen at ₹ 755. However, this can only be estimated, the listing price of the stock is different from the price of the grey market. The company manufactures integrated solar cells and solar panelsPremier Energies Limited was founded in April 1995. The company manufactures integrated solar cells and solar panels. The company’s product portfolio includes cells, solar modules, monofacial modules, bifacial modules, EPC solutions and O&M solutions. The company has 5 manufacturing facilities, all located in Telangana. The company’s customers include NTPC, Tata Power Solar Systems Ltd., Panasonic Life Solutions Pvt. Ltd., Continuum, Shakti Pumps, First Energy, Bluepine Energies Pvt. Ltd., Luminous and Heartek Solar Pvt. Ltd. The company sells its products in the country and exports them to the US, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and the Philippines. 2. ECOS Mobility & Hospitality LimitedECOS Mobility and Hospitality Limited wants to raise a total of ₹ 601.20 crore through IPO. For this, the existing investors of the company are selling 18,000,000 shares worth the entire ₹ 601.20 crore through offer for sale. Not a single fresh share is being issued for this IPO. Investors will be able to bid for this IPO from August 28 to August 30. The company’s shares will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on September 4. Retail investors can bid for a maximum of 572 sharesECOS Mobility and Hospitality has fixed the price band of this issue at ₹318-₹334. Retail investors can bid for a minimum of one lot i.e. 44 shares. If you apply for 1 lot as per the IPO’s upper price band of ₹334, then you will have to invest ₹14,696 for it. At the same time, retail investors can apply for a maximum of 13 lots i.e. 572 shares. For this, investors will have to invest ₹ 191,048 according to the upper price band. ECOS Mobility & Hospitality’s premium in the grey market is 15.27%Before the IPO opens, the company’s stock has reached a premium of 15.27% i.e. ₹ 51 per share in the grey market. In such a situation, according to the upper price band of ₹ 334, its listing can happen at ₹ 385. However, this can only be estimated, the listing price of the stock is different from the price of the grey market. The company works to provide employee transport serviceECOS Mobility and Hospitality Limited provides car rental and employee transport services to corporate customers. With over 25 years of experience, the company operates in more than 100 cities in the country. 35% of the IPO of both the companies is reserved for retail investorsBoth the companies have reserved 50% of their respective issues for qualified institutional buyers (QIB). Apart from this, 35% is reserved for retail investors and the remaining 15% is reserved for non-institutional investors (NII). What is IPO?When a company issues its shares to the general public for the first time, it is called Initial Public Offering or IPO. The company needs money to expand its business. In such a situation, instead of taking a loan from the market, the company raises money by selling some shares to the public or by issuing new shares. For this, the company brings IPO. There is more news… Source link