World
Nepal quake hits eight million, says UN
The earthquake in Nepal has impacted eight million people in 39 districts, of which over two million live in 11 most severely affected districts, the UN said on Tuesday.
 
The immediate priority of the victims include food, water, shelter and medication, the UN said, adding 1.4 million people were in urgent need of food assistance. 
 
Three quarters of the affected population was outside of Kathmandu, among the worst hit areas.
 
The UN said that rains predicted over the next 10 days would add to human misery, hampering relief efforts. It could also lead to diseases.
 
The impact on agriculture based livelihood and food security was expected to be "extremely high", it said.
 
The people's immediate needs include medical tents, medication, surgical kits and body bags.
 
An earthquake measuring 7.9 on the Richter scale jolted Nepal on Saturday killing nearly 4,500 people and injuring thousands.

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SEBI to take six months time to study listing of stock exchanges
Indian securities market regulator, SEBI, is expected to take at least around six months to decide on the listing of stock exchanges but after the merger of Forward Markets Commission (FMC) with it, said its chief on Tuesday.
 
Securities and Exchange Board of India (SEBI) chairman U.K.Sinha said issues in the merger of FMC with SEBI have to be resolved and also the issue of stock exchanges which also perform a regulatory role have to be taken into account.
 
He was responding to queries from reporters on the issue of allowing stock exchanges to list its shares here on the sidelines of an event organised by Indian Merchants' Chamber .
 
Earlier, the BSE had expressed its interest in listing its shares on the bourses.
 
According to Sinha, the issues relating to merger of FMC are being studied by both the organisations.

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COMMENTS

Vishal Modi

2 years ago

Wonder if listing of exchange is good for domestic investors who trade on the exchange?

Adani coalmine may not deliver promised jobs and royalties in Australia, says report
An economic consultant commissioned by Adani told an Australian court that state royalties to Queensland would range from $3.7 billion to $4.8 billion with 1,464 jobs created over 30 years and not 10,000 jobs and $22 billion the company has used in seeking government approval
 
An economic consultant commissioned by Adani told an Australian court that state royalties to Queensland would range from $3.7 billion to $4.8 billion with 1,464 jobs created over 30 years and not 10,000 jobs and $22 billion the company has used in seeking government approval 
 
Adani’s plan for Australia’s largest coalmine would deliver only a fraction of the jobs and state government payments promised by the company. 
 
According to a report from The Guardian, an expert economic witness for the India-based Adani group had told the Court that the Carmichael mine in central Queensland and the related Abbot Point coal port would generate 1,464 jobs and up to $4.8 billion in royalties.
 
"The figures are a far cry from the 10,000 jobs and $22 billion Adani has used in seeking government approval for the mine and a public relations campaign aimed at negating public opposition over its impact on the Great Barrier Reef through shipping and emissions," the report says.
 
According to the report, the new figures were revealed on Monday during a cross-examination of Adani witness Jerome Fahrer by barrister Saul Holt for the conservation group Coast and Country. 
 
"Fahrer, an economic consultant commissioned by Adani to model the outputs of its proposed 30-year coalmine, told the court that state royalties to Queensland would range from $3.7 billion to $4.8 billion when discounting for inflation. His modelling also shows a total of 1,464 jobs, which includes related indirect jobs generated by the mine, over 30 years," the report says.
 
Adani’s TV advertisements referred to “10,000 jobs, $22 billion in royalties and taxes invested back into Queensland communities”. The company’s Australian website referred to the project “generating around $22 billion in state mining taxes and royalties”.
 
A spokesman for Adani told the newspaper that the company stood by its “commitment to deliver $22 billion in taxes and royalties for Queensland”. The spokesman also claimed the “full context of Dr Fahrer’s modelling and its assumptions have not been disclosed”.
 

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COMMENTS

Babubhai Vaghela

2 years ago

High Level Corporate Cheating Supported by Politicians Need Curbing as Not in Public Interest. Gautam Adani is Exceeding All Limits. Presidential Directive should Stop his Sinister Activities.

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