Japanese and Korean cities to be developed in Noida, authority allocates land. Here are details
Authority has allocated two sectors for the establishment of 'Japanese' and 'Korean' cities in Noida. The 'Japanese City' will span 395 hectares, while the 'Korean City' will cover 365 hectares. The proximity to the Noida International Airport in Jewar is expected to enhance connectivity. The projects will also include residential units, schools, hospitals, and other amenities. Key Points
Economic TimesHaryana bill proposes statutory authority to celebrate International Gita Mahotsav
Haryana govt & Kurukshetra Development Board jointly organising festival since 2016. CM to be authority chairperson, while minister in charge of urban local bodies to be deputy. Key Points
ThePrintMHADA: May 24 deadline for completion of Patra Chawl
However, the authority added that it was making every effort to ensure that the construction is completed in 2023. On April 17, the bench noted that MHADA’s lawyer or its officers were not able to make a firm commitment to an earlier date of completion. Key Points
The Indian ExpressPlanning to buy a property? Rera has issued a warning. Read this before investing
The Real Estate Regulatory authority (Rera) in Uttar Pradesh has reminded developers and buyers about the payment module for projects. According to UP-Rera Act, developers are not allowed to take more than 10% advance payment before the sale agreement is executed. The sale agreement should include project details, payment dates, and possession information. Additionally, developers have been directed to sell units based on carpet area only, not super area. Key Points
Economic Times120 dead, around 1,000 injured following earthquakes in Afghanistan
According to the China Earthquake Networks Centre, two earthquakes with a magnitude of 6.2 jolted Afghanistan on Saturday, Xinhua news agency reported. Earlier, a statement from the country's National Disaster Management authority said 15 people were dead and 40 were injured, but locals believe the number of casualties could be higher. Key Points
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Nvidia's French offices raided in cloud-computing competition inquiry -WSJ
France's competition authority raided Nvidia's (NVDA.O) local offices this week on suspicion the chipmaker engaged in anticompetitive practices, the Wall Street Journal reported on Thursday. Key Points
ReutersDrug regulator looks to limit alcohol content in medicines
The Drugs Consultative Committee (DCC), which comes under the Central Drugs Standard Control Organisation (CDSCO) and comprises a technical body of experts, will deliberate and make a decision on the issue soon. The drug regulatory authority had received a representation from the UP government to amend the provisions in the Drugs and Cosmetics Act and rules with respect to the misuse of the drugs containing alcohol/tincture, a person in the know told ET. Key Points
Economic TimesNew Zealand airline is asking passengers to weigh in before their flights
Under the authority's rules, airlines have various options to estimate passenger weight. One option is to periodically carry out surveys like Air New Zealand is doing to establish an average weight. Key Points
Economic TimesView: China’s glut, India’s drought. Two faces of liquidity
The liquidity drought may be deliberate. Unlike Beijing, New Delhi has every reason to be sanguine about growth. A 7%-plus rate of economic expansion gives it breathing room to slay inflation before embarking on a fresh investment spree after the polls. Unless the Modi government surprises analysts by announcing a populist spending program in its Feb. 1 budget, the reasonable assumption is that its angling for an upgrade to its sovereign rating, which is perched at the lowest rung of investment grade. Meanwhile, the monetary authority is seeking to buttress its credibility as an inflation fighter. Key Points
Economic TimesBeating the summer heat: Kerala State Disaster Management authority issues heatstroke advisory
Kerala State Disaster Management authority (KSDMA) has issued a detailed advisory to the people, urging them to avoid direct sunlight between 11 a.m. and 3 p.m. Key Points
The Hindu
Deepak Mohanty is new PFRDA chief
New Delhi: The government has appointed Deepak Mohanty as chairman of Pension Fund Regulatory and Development authority (PFRDA). He replaced Supratim Bandyopadhyay, whose term ended in January. Prior to this, Mohanty, a former executive director of the Reserve Bank of India (RBI), served as a member Key Points
The Tribune IndiaWhat's the IFS vs IAS row in MP about? A look at its genesis, latest trigger & related 2000 SC ruling
In June this yr, MP govt ordered involvement of district collectors in forest officers' appraisal process. ThePrint recaps what the matter in SC is & what IFS officers, govt have said. Key Points
ThePrintAwareness towards IEPF and reclaim process is very-very low: Sanjeev Bajaj, NISM
In order to claim the assets, rightful investor, rightful owner has to first of all establish the claim on that in the proper manner. He has to or she has to apply online with the IEPF authority. Key Points
Economic TimesDDA releases over Rs 460 crores to more than 2300 bidders in a record time
The Delhi Development authority (DDA) has released over Rs 460 crores deposited as Earnest Money Deposit (EMD) by around 2,300 bidders in its recent and ongoing Housing Scheme. Delhi Lieutenant Governor VK Saxena directed DDA to ensure the release of EMDs to applicants within 15 days, emphasizing strict compliance with procedures to avoid harassment. Key Points
Economic TimesLok Sabha clears Delhi Services Bill amid uproar by Opposition
India's Lok Sabha has passed the Government of National Capital Territory of Delhi (Amendment) Bill, 2023, granting the central government in Delhi primacy over the Delhi government on officer appointments. The bill will reverse a Supreme Court ruling in May that allowed the Delhi government control over administrative services. The legislation was opposed by opposition parties including the Aam Aadmi Party. Key Points
Economic Times
Drug pricing regulator looking to make vital health supplements more affordable
The National Pharmaceutical Pricing authority (NPPA) proposes to invoke extraordinary powers in public interest, under para 19 of Drugs Prices Control Order (DPCO) 2013, for an indefinite period to make them more affordable to patients, it has said. The NPPA has been invoking para 19 in certain cases in the public interest to make drugs affordable with indefinite period, said the minutes of the authority meeting. ET has seen the minutes of the meeting. Key Points
Economic TimesAntony Waste CFO clears the air on I-T raid and more
Antony Waste's CFO, Iyer Subramanian NG, has given clarification on the income tax raids which is related to some vendors that have not filed their personal tax returns. He emphasized that this issue has nothing to do with the company's operations and they have complied with all the requirements requested by the Income Tax Authority. In terms of the company's performance, he highlighted that higher expenses in transportation and unapproved reimbursements led to lower margins. Key Points
Economic TimesHermann Tilke-led team may design GIFT City F1 track
A consortium of German Formula 1 racetrack designer Tilke, real estate consultancy CBRE, and architecture firm Arcop has been ranked highest on a list of six international consultants competing for designing a racetrack in Gujarat's GIFT City. The Tilke-led consortium scored 98% marks in an evaluation conducted by the Sports authority of Gujarat. The project could cost up to ₹10,000 crore. Key Points
Economic TimesNHAI extends KYC compliance deadline for FASTags till Feb 29
New Delhi, Jan 31 (PTI) State-owned National Highways authority of India on Wednesday extended the KYC compliance deadline for FASTags till February 29. On January 15, the National Highways authority of India (NHAI) said FASTags with valid balances but incomplete KYC will get deactivated by banks post-January 31, 2024. “Attention #FASTag users! The deadline for […] Key Points
ThePrintWhy Haryana govt has tabled bill to give Hisar its own metropolitan authority & what it says
Gurugram: The Haryana government Monday introduced the Hisar Metropolitan Development authority Bill, 2024, in the state assembly to set up a statutory authority for integrated and coordinated planning, infrastructure and urban amenities’ development, and mobility management in Hisar. Located in northwestern Haryana, Hisar is an industrial-cum-agricultural town with an estimated population of 434,000. The Hisar district […] Key Points
ThePrint
How leaders and diplomats are trying to end the Gaza war
Top officials from at least 10 different administrations are trying to forge a set of deals to end the war in Gaza Strip and answer the divisive question of how the territory will be governed after the fighting stops. Major discussions are focused on reaching a cease-fire between Israel and Hamas and reshaping the Palestinian Authority. Key Points
Economic TimesKerala HC ruling may bring relief to companies in GST litigation
In its judgement dated September 20, the court sent the case back to the assessing authority to examine the evidence provided by the petitioner irrespective of the difference in GSTR-2A and GSTR-3B forms. Following the assessment of the evidence provided by the petitioner, the court directed the assessing authority to pass orders in accordance with law. Key Points
Economic TimesNoida to complete half stretch of Bhangel elevated road by end of Feb
The Noida authority plans to open half of the Bhangel elevated road by February-end, aiming to provide smooth connectivity to commuters. The 5.5km elevated track has faced delays and caused congestion on the Dadri road. The authority has directed the engineers to complete the left side of the road and ensure compliance with safety standards. Key Points
Hindustan Times