Citizens' Issues
Delhi likely to witness traffic mess
New Delhi : The national capital, which is hosting two major cultural events and at least 20,000 weddings between March 11-13, is likely to face huge traffic snarls.
 
The Art of Living (AoL) is holding its World Culture Festival at the Yamuna flood plains near DDA Land, Yamuna Bank between Mayur Vihar Phase-I Metro Station on the Noida link Road and the DND Flyway opposite ISBT Sarai Kale Khan in southeast Delhi. 
 
The event is expected to attract 3-4 lakh people. 
 
The Radha Soami Satsang Beas is also holding a programme in the Bhatti Complex on Bhatti Mines Road in south Delhi, which is expected to witness a public gathering of around 3-4 lakh people.
 
The traffic department advised people to avoid these areas and urged them to move with sufficient time keeping in mind the anticipated congestion on these roads.
 
In addition to that, the NCR region is also set to witness around 20,000 weddings, which may add to the congestion.
 
"We are not sure about the numbers of weddings planned. The numbers could be 25,000 or 20,000. This would however add to the traffic situation in Delhi," said Sharad Agarwal, Joint Commissioner of Police, Traffic.
 
For the AoL event, the traffic department said in its advisory that there are chances of a slow down and traffic congestion on Ring Road, Delhi-Noida Direct flyway, Noida link road and on NH 24 between Nizamuddin Khatta (landfill) up to Gazipur border.
 
All commercial vehicles might be restricted on Ring Road between Wazirabad flyover and Ashram Chowk. 
 
The traffic department also planned diversions at certain points. These include a compulsory diversion towards DND on Sector 15 Noida and compulsory right turn towards ISBT from Gazipur Chowk.
 
According to the traffic department, there will be no traffic from Akshardham flyover loop towards Noida link road side. From Nizamuddin Khatta, traffic will go straight on NH-24 and no left turn on loop towards Noida link road will be allowed. 
 
There will be no movement towards DND from Ashram Chowk. Left turn towards Neela Gumbad and right turn towards Okhla Mor from Ashram Chowk will also not be allowed, the traffic advisory says.
 
For the Radha Soami Satsang Beas event, the traffic department warned of heavy traffic and congestion on the Mehrauli-Gurgaon road, Mehrauli-Badarpur road, Aurobindo Marg, Bhatti Mines road and 100 Foota road. 
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

India's factory output declines again in January
New Delhi : India's factory output declined again in January, by (-)1.53 percent, moving down further from the (-)1.18 percent dip registered in the month before, official data showed on Friday. In comparison, there was a growth of 2.8 percent in January 2014.
 
As per data on index of industrial production (IIP) released by the Central Statistics Office, the country's factory output logged a cumulative growth of 2.7 percent rise in the first 10 months of the current fiscal year.
 
Cumulative growth during the corresponding period of last fiscal also stood at 2.6 percent. 
 
December IIP was dragged lower by a (-)2.8 percent drop in manufacturing activity. Between the other broader indices, electricity production rose by 6.6 percent, while that for mining was up by 1.2 percent.
 
The high negative contributors to the dip in the overall index included cables, insulated rubber, antibiotics, stainless and alloy steels, sponge iron and passenger Cars. Electricity, commercial vehicles, mobile phones, cement and gems and jewellery were positive contributors.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Nifty, Sensex in no man’s land – Weekly closing report
Indices are probably waiting for global cues, which seem positive so far
 
We had mentioned in last week’s closing report that Indian benchmarks, Nifty and Sensex were headed higher subject to dips and that Nifty had bounced off long-term support and might head towards 7,700. Over the week, the major indices ended with marginal gains. The Bank Nifty however, made a small loss. The weekly trends of the major indices of the Indian stock markets are given in the table below:
 
 
On Monday, the stock markets were closed for trading on account of Mahashivaratri.
 
The market indices failed to gain momentum on Tuesday after the long week-end. Sector-wise, the S&P BSE metal index, oil and gas index and basic materials index gained, while banking index went down among the BSE indices. Finance Minister Arun Jaitley on Tuesday said the government was withdrawing one of the much-resisted budget proposals to partially tax withdrawals from the employees' provident fund accounts.
 
The Sensex closed in the green for the sixth consecutive day on Wednesday and Nifty closed above its crucial psychological level of 7,500, powered by buying in capital goods, realty, power and banking shares. In the early part of the day, there was profit taking in metal stocks after last week's rally. However, late buying in blue-chip stocks such as Reliance Industries, Larsen & Toubro, Infosys and HDFC Bank helped the indices recover from the day’s lows. For about a week now, the investors in the Indian stock markets appear to have been receptive to FM Jaitley on his budget proposals, and the major indices have been on an upswing.
 
The Supreme Court on Wednesday issued notice to beleaguered liquor baron Vijay Mallya on a plea by a consortium of 17 banks led by the SBI seeking his personal appearance before it along with his passport as it was told that Mallya has already left the country. The Supreme Court case is making waves in the banking industry, which is over-burdened with non-performing assets, due to default in repayment by many borrowers. Bank Nifty rose 0.88% on the NSE to close at 15,279.05.
 
On Thursday, snapping six consecutive sessions' rally, key Indian equity market indices ended in the red. The 100-scrip and 200-scrip BSE indices were lower by 0.62% and 0.58%, respectively. The mid-cap index was lower by 0.32% and small-cap stocks were lower by 0.18%. In Thursday's trade, selling pressure was seen in capital goods, energy, IT and oil and gas sectors. Sector-wise, the S&P BSE capital goods index dropped by 1.70%, energy index fell by 1.56%, IT index slipped by 1.33% and oil and gas index went down by 1.05%. Foreign institutional investors' continued interest in equities ensured that falls were limited, despite the volatility that also saw profit booking early in the day. However, more stocks were seen declining in NSE, when compared to those that advanced. On Friday, the major indices made a little progress over Thursday’s close and the indices closed marginally higher.  The US and European markets were strong, though, after the European Central Bank announced a major monetary easing programme. This could support the Indian markets next week.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)