Citizens' Issues
Indian Railways 'water train' reaches parched Latur

The Indian Railways on Monday dispatched the 10-wagon train carrying the precious liquid of life from Miraj in western Maharashtra for Latur city in the Marathwada region

 

The 'water train' dispatched by Indian Railways as a humanitarian gesture for the parched Latur district in Maharashtra, carrying around 550,000 litres of drinking water, reached here on Tuesday, officials said.
 
The Indian Railways on Monday dispatched the 10-wagon train carrying the precious liquid of life from Miraj in western Maharashtra for Latur city in the Marathwada region.
 
The train, that reached here around 4 a.m. after covering a 375 km journey, was welcomed with cheers and a sense of relief by Latur mayor, top civil and police officials even as tight security was deployed around the railway station.
 
The offloading of the water began at a dried up well belonging to a local farmer near the railway station, after which it will be transported by pipes to a filtration plant.
 
After flitering it and making the water potable, it will be sent to the intended remote villages in tankers, who are eagerly waiting with kilometers-long queues of multicoloured plastic and steel buckets, pots and pitchers lined up by the hopefuls awaiting the water.
 
The initiative was taken by Railway Minister Suresh Prabhu a few days ago as many parts of his home state reeled under severe water crises, especially villages in Latur district, which has a population of around 2.45 crores.
 
Following Prabhu's directives, 50 tank wagons, similar to the ones used to transport oil and milk, were sent to Kota workshop (Rajasthan) on April, they were thoroughly cleaned and sent for the onward journey to Sangli.
 
The IR is planning to make a few more similar need-based trips to quench the thirst of Latur villages, the schedules of which are not yet finalised.
 
Currently, around 15,000 villages in the state, a majority of them in Latur, Beed and Osmanabad district, are gripped by an acute water shortage.
 
To combat stray incidents of violence, in many parts, police have imposed prohibitory orders till May 3. Besides, public water storage tanks and reservoirs have been provided armed guards.
 
Similarly, villagers in some areas trek more than two km daily for a pot of water and keep their domestic water stocks under lock-and-key, schools have been shut down, marriages and other social events have been cancelled or postponed and agriculture activities at a complete standstill.
 
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

Fire engulfs Bhiwandi building, many feared trapped

According to Thane Police, several people are feared trapped and efforts are on to rescue them

 

A major fire broke out at a factory-cum-residential complex in Bhiwandi powerloom town of Thane district here on Tuesday, officials said.
 
According to Thane Police, several people are feared trapped and efforts are on to rescue them before the blaze spreads to the upper floors of the four-storied building.
 
The city fire brigade has sent six fire tenders, ambulances four water tankers to fight the conflagration which started around 7 a.m. in the building located in the Kazipura area of the town.
 
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 cancel downtrend for now – Monday closing report
Nifty has to stay above 7,630 for bullish trend to continue
 
We had mentioned in Friday’s closing report that Nifty, Sensex were in no-man’s land and that the absence of any trigger – positive or negative – would keep Nifty drifting sideways. The major indices of the Indian stock markets improved over last week’s sharp fall to close more than 1.3% higher than Friday’s close. The trends of the major indices during Monday’s trading are given in the table below: 
 
 
The BSE market breadth was tilted in favour of bulls -- with 1,471 advances and 1,113 declines. On Monday, both key indices opened on a firm note, on the back of a rebound in global crude oil prices and positive Chinese markets. Recovery after last week's correction lifted prices and the major indices closed in the green.
 
The Q4 results season is getting started. Infosys is expected to be the first bluechip firm to come out with its results on April 15. The week ahead will disclose global macro-economic data, such as the March inflation figures from China, European countries and the US. In addition, the domestic macro-economic data will start from April 12, with the release of the Index of Industrial Production (IIP) and retail inflation (Consumer Price Index) figures.
 
Justifying the imposition of 1% excise duty on gold jewellery, union Finance Minister Arun Jaitley on Sunday said a luxury item like gold should not be exempted from the manufacturing tax when the country is moving towards Goods and Services Tax. "There is no reason why a luxury item like gold should be kept out of the ambit of a manufacturing tax like excise duty. Since the manufacturing tax is levied on essential commodities like steel, cement, jute, cotton and others, why not on gold. "The country is to move towards Goods and Services Tax (GST). Gold will also follow towards GST. Most states levy value added tax on gold," he said. He also noted that if gold is kept out of GST ambit, tax rate on rest of the goods will have to be increased. "There is no reason why a luxury item should be exempted from the tax and a higher rate of tax be imposed on other goods," he said. The government, in the Budget for 2016-17, had proposed one percent excise duty on jewellery without input credit or 12.5% with input tax credit on jewellery excluding silver other than those studded with diamonds and precious stones. Jewellers went on strike opposing one percent excise duty on gold jewellery. The strike entered 40th day on Sunday.
 
Jaitley also said that the steel sector has started turning around as a result of the government measures to protect domestic supplies from imported cheap Chinese steel. "The steel sector was suffering from the cheap Chinese steel coming in at below cost prices so we raised the custom duty, imposed safeguard duty and we also imposed the minimum import price.  "As a result of all the measures, the steel sector started turning around," he said.  Import of total finished steel was at 11.20 million tonnes in 2015-16, up 20.2% compared to same period of last year. Imports in March 2016 at 0.994 mt increased by 18.2% compared to March 2015 and 9.1% compared to February 2016. India was a net importer of total finished steel during fiscal 2015-16. In February 2016, the government had imposed the minimum import price (MIP) condition on imports of 173 steel items covering all major flat and long steel products. "The government in March 2016 extended the safeguard duty on hot rolled coil (a steel product) imports that was placed in September 2015, till March 2018," said a steel ministry report. However, the duty would be reduced to 10% in stages over the next two years, it said. The report said cumulative impact of these two recent and other existing policy measures would lead to further reduction in imports into the country in the coming days.
 
Upcoming quarterly results, along with global and domestic macro-economic data, are expected to guide the Indian equity markets during the week ahead. Market observers pointed out that investors' sentiments will be heavily influenced by foreign funds inflow, global crude oil prices and the rupee's movements.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
 

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)