Social sector infrastructure to be part of PM GakiShakti plan: DPIIT secretary
The government is expanding its infrastructure plans to include social sectors such as hospitals, Anganwadi, schools, and colleges. The PM GatiShakti National Master Plan aims for integrated and synchronised implementation of projects, breaking departmental silos. Last-mile connectivity and area planning will be prioritized, ensuring saturation coverage and better planning across the country. Key Points
Economic TimesWill share infra planning tool PM GatiShakti with neighbouring countries: DPIIT Secretary
New Delhi will share the PM GatiShakti initiative with neighbouring countries free of cost. The initiative is an infrastructure planning tool that helps in effective planning and implementation of projects. India wants to showcase and integrate the initiative in other countries as well Key Points
Economic TimesReport assessing India's urban sprawl links slums to 'low floor space ratio' limits allowed for buildings
The India Infrastructure Report 2023, released by former vice-president M. Venkaiah Naidu, calls for radical reforms in urban planning and development to address the issue of slums and sprawl. Key Points
ThePrintUrban planning needs shift from regulation to facilitation: Hardeep Puri
Indian Minister of Housing and Urban Affairs, Hardeep Puri, has delivered a speech outlining nine key ideas for the future of urban governance and planning in India. The proposals include a shift from regulation to facilitation, the adoption of flexible and innovative approaches, citizen-focused urban policies, and the fostering of the innovation, data and technology skills of local government agencies. Puri also advocated for greater citizen engagement, strengthening of local governance, and the use of hybrid governance models to close capacity gaps. Key Points
Economic TimesIn a first, NMMC to publish draft development plan
NMMC had received more than 18,500 suggestions and objections till October 31, 2022. The hearing process will commence on March 14 and notices will be served from this week. | Mumbai news Key Points
Hindustan Times
AI could help determine who gets laid off
ChatGPT can already write a generic layoffs memo, and Microsoft Corp. is planning to roll out its 365 Copilot to Excel, which could serve as an aid in financial planning. Now a French startup called Pigment SAS is testing a generative AI tool expressly for chief financial officers. Key Points
Economic TimesHow govt’s 'Centres of Excellence' plan to take on urban planning issues using AI, even ancient texts
Union housing ministry has finalised 4 institutions to be developed as Centres of Excellence in urban planning, it is learnt. This is in line with govt's 2022-23 Budget announcement. Key Points
ThePrintPM GatiShakti: 208 infra projects worth Rs 15.39 lakh crore recommended for approval
208 infrastructure projects worth Rs 15.39 lakh crore have been recommended under PM GatiShakti, enhancing coordination across ministries such as roads and railways. The initiative aims to streamline logistics costs through integrated planning, with substantial use of geospatial data and inter-ministerial collaboration. Key Points
Economic TimesCan one retire just by investing in mutual funds? Atul Shinghal explains
Have a plan for every goal and execute on that planning and you will get there. What is surprising is the power of compounding, which everybody says is the seventh or the eighth wonder of the world. It just helps you grow the money exponentially as you keep invested. So Rs 15,000 a month, increased by 8% every year and you will get there. Key Points
Economic TimesBride-to-be Asees Kaur: My parents are planning the wedding, I'm busy with work
Singer Asees Kaur got engaged to singer Goldie Sohel in January. She has left the responsibility of planning the wedding on her parents. Key Points
Hindustan Times
PM Gati Shakti: Four infra projects worth Rs 23,500 crore recommended for approval
Four infrastructure projects, involving roads and railways with a combined cost of over Rs 23,500 crore, have been recommended for approval under the PM Gati Shakti initiative. These projects aim to enhance multimodal connectivity and were discussed in the 58th Network planning Group (NPG) meeting. Key Points
Economic TimesTop 10 Advantages of Investing in Pension Plans
When you have an income source, saving money for the future is an essential component of your financial strategy. You might not be particularly concerned with the retirement planning advantages because that time of life appears years away. Key Points
Times of IndiaWealth creation is not a magic, make sure it happens by method
Wealth creation doesn't happen by chance but it needs a wealth planned strategy. On this World Financial planning Day, the importance of financial planning for wealth building needs to emphasised. As Indian economy grows from one milestone to another more and more people will need to take financial planning seriously to ensure their life goals are met without too much of hassle. Key Points
Economic TimesPM Gati Shakti: Six infra projects worth Rs 52,000 crore recommended for approval
Six infrastructure projects worth Rs 52,000 crore have been recommended for approval under India's PM Gati Shakti initiative. This brings the total number of projects assessed to 112, with a total value of about Rs 11.53 lakh crore. The projects were assessed in a recent meeting of the Network planning Group, which meets regularly to appraise infrastructure projects and ensure comprehensive development. Key Points
Economic Times85 big infra projects worth Rs 5.4 lakh crore recommended for approval under PM GatiShakti
As many as 85 big-ticket infrastructure projects worth Rs 5.4 lakh crore of different ministries have been recommended for approval under the PM GatiShakti initiative so far this fiscal, a senior official said on Friday. These projects have been recommended by the Network planning Group (NPG) constituted under the PM GatiShakti initiative launched in October last year. Key Points
Economic Times
Imagining outcomes before deciding, research could explain what's going on in brain
The findings are published in the journal Nature Neuroscience. A new study has shed light on how the brain imagines future outcomes to guide decisions and... Key Points
The Tribune IndiaSmart tax planning tips for FY 2023-24: Avoid these common mistakes before March 31 deadline
Financial Literacy News: Brokers and distributors are likely busy as the March 31 deadline nears. They may be promoting expensive products to anxious taxpayers who haven't finished their tax planning yet. These products might not benefit the buyer much but offer high commissions to the seller. Key Points
Times Of India16 social sector ministries integrated data with PM GatiShakti platform
All logistics and connectivity infrastructure projects, entailing an investment of over Rs 500 crore, are routed through the Network planning Group (NPG), constituted under the PM Gati Shakti initiative. As of date, sixteen social sector ministries/ departments have been fully onboarded onto PMGS-NMP, with individual portals developed and integrated with the NMP, the ministry said. Key Points
Economic TimesAmazon CEO cuts 9000 more jobs, informs employees through email: Read full note from Andy Jassy
Amazon has announced second round of layoffs after completing the internal evaluation of employees. The US-based tech giant is firing 9,000 more employees across the departments. Key Points
India TodayMufti jeans owner, Credo brands marketing, planning for an IPO; great opportunities for investors the fashion industry
Mufti Jeans' owner, Credo Brands Marketing, plans to file its IPO draft prospectus with SEBI. The IPO will be a complete offer for sale, with up to 19.63 million shares being sold. The brand offers a wide range of men's casual wear and has experienced significant growth in revenue. Key Points
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Goldman Sachs planning for sluggish growth, higher inflation
Goldman Sachs Group Inc. is planning for a period of sluggish growth and higher inflation, the bank's president John Waldron said on Thursday, calling it "a mini-stagflation scenario." Key Points
ReutersCondoms, contraceptives in wedding kits at mass marriage trigger row in Madhya Pradesh
A controversy erupted after condoms and birth control pills were found in makeup boxes at a mass marriage event held in Madhya Pradesh's Jhabua. While the health officials say it is a step towards family planning, Congress has called it 'shameful' and 'offensive'. Key Points
India TodayHow to achieve child education goals in a challenging world with soaring costs
Parents have a daunting task in their hands when it comes to achieving the education goal of their children. While there involve multiple complexities in it which even get accentuated by a greater degree of uncertainties, higher volatility and soaring cost of education. However, the goal can be achieved if one follows a prudent and structured approach. We have taken a holistic view and tried to ascertain the possible challenges, the silver linings from the methodical financial planning techniques which create the opportunities to overcome these challenges and finding the multiple ways to fulfill the dream of achieving a child’s education goal. Key Points
Economic TimesFactbox-Job cuts spill beyond tech sector
(Reuters) - Several U.S. and Canadian companies, mostly in sectors such as technology and media, have kicked of the year with job cuts, as they look to keep a lid on costs in an uncertain economy. Key Points
ThePrintMaruti Suzuki planning to make electric air copters that can take-off and land on rooftops
The Maruti Suzuki electric air copter would be larger than drones but smaller than traditional helicopters, with the capacity to transport at least three passengers, including the pilot. It is expected to debut at the 2025 Osaka Expo in Japan. Key Points
Economic Times
Wealthy & Wise: The surging trend of will writing among Indian young professionals
The trend that began with the pandemic has now gained traction, with young professionals attaching as much importance to estate planning as they are to wealth creation. Mumbai-based virtual will writing and advisory firm, WillJini, has received about 7,000 queries in the last six months. About four in ten such requests are from people in their 30s and 40s. Key Points
Economic TimesI thought getting married would make me happy but it didn't. After my divorce, my one-night stand did.
The author shares how after her divorce she met someone who made her feel joy again. When he left for Africa she wasn't heartbroken but grateful. Key Points
InsiderNITI Aayog prepares plan for economic transformation of 4 cities, including Mumbai, Varanasi
The NITI Aayog has formulated an economic plan for the cities of Mumbai, Surat, Varanasi, and Vizag, aiming to transform them and help India become a developed economy by 2047. The Aayog plans to prepare economic planning for 20-25 more cities and is also working on a vision document for India to become a $30 trillion economy by 2047. The document will be released by Prime Minister Narendra Modi. Key Points
Economic TimesPakistan to shut markets by 8 pm to save electricity
Pakistan's federal and provincial governments have unanimously decided to shut markets by 8 p.m. across the country as part of the efforts to conserve energy, planning Minister Ahsan Iqbal said. Key Points
Economic TimesTax saving FD: SBI, HDFC, ICICI Bank, PNB, Kotak Mahindra, YES Bank and others — Which bank offers the hig
Tax-savings FDs are fixed deposits that allow investors to claim income tax deductions under section 80C of the Income-tax Act, 1961. They have a lock-in period of five years. SBI offers an interest rate of 6.5 per cent on five-year tax-saving fixed deposits. SBI, HDFC, ICICI Bank, PNB, Kotak Mahindra, YES Bank, and others — check the interest rates of tax-saving FDs offered by the different banks before booking. Key Points
Economic Times
Christianity, polygamy, tribal insecurities — Meghalaya has a high fertility problem
The cascading impact of the high fertility rate isn’t just causing unemployment woes. It’s giving birth to a generation of malnourished children. Key Points
ThePrintThis Diwali, gift a 'Will' to your loved ones
This online will writing platform has launched gift cards on the eve of Diwali. This is one of the practical gifting choice for those wanting to secure their loved ones financial future. Here is all you need to know about these gift cards. Key Points
Economic TimesIndia reaches out to multilateral development banks to draw road map for becoming developed nation by 204
The finance ministry held a meeting with multilateral lenders on March 7 and sought their inputs on what it termed a budget-plus and finance-plus strategy, which would essentially cover the entire spectrum of project execution and go beyond just planning and financing, people aware of the details told ET. The ministry has reached out to various multilateral bodies to help mobilise other development finance institutions (DFIs) and investors, they said. Key Points
Economic TimesTax planning for FY 2023-24: Last date is March 31, don’t make these mistakes
The tax-saving investments of an individual should be part of his overall financial plan. Poor financial habits and biased advice push taxpayers to make sub-optimal investment decisions. Here are some mistakes they must avoid in the rush to beat the 31 March deadline. Key Points
Economic TimesTaking control of finances post retirement: 7 key considerations beyond health insurance
Financial Literacy News: Financial planning for old age and illness shouldn't just focus on health insurance. You can take control and manage your money wisely now. In a column in ET Uma Shashikant, the Chairperson, Centre for Investment Education and Learning lists 7 tips to manage your finances for old age and healthcare. Key Points
Times Of IndiainDrive mulling insurance for riders
Kolkata, Dec 30 (PTI) Ride-hailing platform inDrive is planning to provide insurance to commuters during rides, a company official said on Saturday. Launched in India in 2019, the US-based inDrive now operates in major metros like Kolkata, Delhi, Mumbai and some other towns. It will start services in Bangalore next year, the official said. Show […] Key Points
ThePrintPVR Inox says it will open 150 screens next fiscal with Rs 500 cr investment
PVR Inox, India's largest multiplex operator, is planning to open 150 screens in the next fiscal year with an investment of approximately Rs 500 crore. The company already operates 118 screens across 23 properties in Mumbai and a total of 1,711 screens at 359 properties in 114 cities, including Colombo. Key Points
Economic TimesNarayana Health to set up Rs 1,000-cr super speciality hospital in Kolkata
Kolkata, Nov 21 (PTI) Narayana Health is planning to set up a 1,000-bed super speciality hospital in Kolkata in the next two years, its chairman Devi Prasad Shetty said on Tuesday. Shetty, a renowned cardiac surgeon, said Narayana Health has earmarked Rs 1,000 crore for the project. “It is my dream to come up with […] Key Points
ThePrintGoldman Sachs plans to scrap GM credit card - source
Goldman Sachs (GS.N) is planning to scrap its co-branded credit cards with General Motors (GM.N), a person familiar with the matter told Reuters on Tuesday. Key Points
ReutersJapan's Fuji Soft to launch tender offer for 4 listed subsidiaries -Bloomberg News
Software developer Fuji Soft (9749.T) is planning to announce a tender offer on Wednesday for four listed subsidiaries in Japan, Bloomberg News reported, citing people familiar with the matter. Key Points
Reuters
PM GatiShakti aids in planning 8,890 km of roads, 27,000 km rail lines in two years
“In two years since its launch, PM GatiShakti has seen onboarding of central ministries and all states and UTs (Union Territories). Usage across infrastructure ministries and many states has showcased the strong benefits the PM GatiShakti principles are delivering,” said Sumita Dawra, special secretary, logistics, Department for Promotion of Industry and Internal Trade (DPIIT). Key Points
Economic Times