Citizens' Issues
Drive to plant two crore saplings starts in Maharashtra
A unique afforestation drive by Maharashtra to increase the green cover by planting two crore saplings was inaugurated by Governor C. Vidyasagar Rao, signalling the start of the Forest Festival (Vanamahotsav), here on Friday.
 
The event in which schools, colleges, corporates, government departments and the defence establishments participated, marked the beginning of the state government's ambitious project to plant 50 crore saplings in the next three years.
 
Chief Minister Devendra Fadnavis, Union Minister for Environment Prakash Javadekar, Shiv Sena President Uddhav Thackeray, and state Environment Minister Sudhir Mungantiwar were present on the occasion along with top government officials and 3,500 students at the five-hectare Mahim Nature Park.
 
The defence authorities also joined in the drive by planting around 8,000 saplings at various establishments in Colaba, Kalina and Kandivali with the participation of defence personnel and their families.
 
The Hinduja Foundation of the Hinduja Group, through its employees in various group companies started a month-long drive to plant 100,000 saplings in Thane's Jawahar sub-district.
 
Mungantiwar said the state government has already finalised 65,674 sites and created a bank of over 5.32 crore saplings for distribution to the people. 
 
"Nurseries shall be developed in each village in the state for which funds will be made available through District Planning Committee. This will ensure ready availability of saplings throughout the next three years," Mungantiwar added.
 
He said people have responded spontaneously who will also take part in a 'Selfie With Tree' contest. 
 
The Forest Department had prepared around 3.55 crore pits across the state for the plantation drive. 
 
To ensure proper preservation and maintenance of the saplings, one family per 1,000 trees shall be provided employment under the Employment Guarantee Scheme, the minister added.
 
Around five million (50 lakh) saplings are being planted and will be maintained by government employees all over the state for which they were officially given half-day off on Friday.
 
The government plans to create a million-strong 'green army' of students drawn from the 89,000 schools in the state to create awareness about ecology. 
 
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.

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IAF inducts two Tejas fighters into 45 Squadron
The Indian Air Force (IAF) on Friday inducted two Tejas Light Combat Aircraft (LCA) into its 'Flying Daggers' 45 Squadron here.
 
Southern Air Command Air Officer Commanding-in Chief Air Marshal Jasbir Walia received the certified documents of the indigenous fighters from state-run Hindustan Aeronautics Ltd (HAL) Chairman T. Suvarna Raju at a function here.
 
IAF test pilot and commanding officer of 'Flying Daggers' Group Captain Madhav Rangachari flew one of the multi-role aircraft for about 10 minutes from the Aircraft System Testing Establishment of the air force under a cloudy sky and windy conditions.
 
The only of its kind fighter in the world, the 'Made in India' Tejas has been designed and developed by state-run Aeronautical Development Agency (ADA) and built by HAL at its Bengaluru complex in the city's eastern suburb,
 
Prior to its induction, the fourth generation-plus advanced fly-by-wire fighter has flown about 3,000 sorties for 2,000 hours till date without a single mishap.
 
Equipped with the latest satellite-aided inertial navigation system, the tandem twin-seater supersonic aircraft has a digital computer-based attack system and an autopilot.
 
The fighter is capable of carrying four tonnes of weapons and firing air-to-air missiles and precision-guided munitions like laser-guided bombs.
 
The LCA is also equipped with helmet-mounted display and has a distinctive 'glass cockpit' in which information is displayed real-time to the pilot.
 
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.

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Significant part of bank NPAs are fraud: CAG
A "significant" part of the banks' non performing assets (NPAs) were a result of loans obtained by fraudulent methods, the Comptroller and Auditor General (CAG) of India, Shashi Kant Sharma said here on Friday.
 
"There is a significant part of NPAs that amounts to fraudulently obtained advances," Sharma said at the Assocham (Associated Chambers of Commerce and Industry of India) conference on financial and corporate frauds.
 
Sharma also added that a large part of these loans may now be irretrievable as they are likely to have been transferred abroad.
 
"There is also the belief that a large part of these advances may have been transferred abroad and may never be recovered," he said.
 
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.

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