The order was passed by a SC bench while dealing with an application filed against the Kerala government for granting permission for the erection of a statue of a leader at a particular point on a national highway
New Delhi: The Supreme Court today restrained all the state governments and Union Territories from granting permission for erecting statues or construction of any structure at public places which obstructs traffic movement, reports PTI.
However, the apex court said that this order would not apply for installation of structures like street lights which facilitate smooth traffic movement.
The order was passed by a bench comprising justices RM Lodha and SJ Mukhopadhaya while dealing with an application filed against the Kerala government for granting permission for the erection of a statue of a leader at a particular point on a national highway.
“Until further orders, we direct that status quo be maintained where the statue is permitted to be installed,” the bench said.
“Henceforth, the state (Kerala) government would not grant any permission for statue or construction of any structure at public places, roads or any places of public utility,” it said.
The bench clarified that “this would not apply for installation of traffic utility structures like street lights, etc.”
“The above order shall also apply to all other states and Union Territories,” the bench said.
The application against the Kerala government was filed in the pending petition in which the Supreme Court had already directed all the state governments to remove unauthorised constructions including places of worships from roads and public places.
Net interest income of the bank for the December quarter stood at Rs3,798.9 crore, a growth of 21.9%, mainly on account of increased loan book
Mumbai: Private sector HDFC Bank today reported a 30% jump in net profit at Rs1,859.07 crore for the October-December quarter of the current fiscal, mainly on account of increased loan book, reports PTI.
The bank had a net profit of Rs1,429.66 crore in the December quarter of 2011-12 fiscal.
Total income of the bank increased to Rs10,506.51 crore for the quarter ended 31 December 2012, from Rs8,622.64 crore in the corresponding period a year ago.
Net interest income of the bank for the December quarter stood at Rs3,798.9 crore, a growth of 21.9%, mainly on account of increased loan book.
The loan book grew by 24.3% and net interest margin, a measure of profitability, went up by 4.1%.
Other income of the bank rose to Rs1,798.9 crore during the quarter, from Rs1,420 crore in the year ago period. This was mainly on account of income from fees and commission.
The net Non-Performing Assets (NPAs) as a percentage of total assets stood at 0.2%.
Shares of HDFC Bank were trading at Rs659.10, down 1.17% from previous close on the BSE.
The total FMCG net revenue during the quarter stood at Rs5,440.06 crore with the cigarettes category accounting for Rs3,657.36 crore
New Delhi: Diversified group ITC today reported a 20.62% rise in its standalone net profit at Rs2,051.85 crore for the third quarter ended 31 December 2012 on the back of strong performance in cigarettes, agri and paper businesses, reports PTI.
The company had posted a net profit of Rs1,700.98 crore in the same period last fiscal, ITC said in a filing to the BSE.
Net sales during the period under review stood at Rs7,627.07 crore, up 23.1% from Rs6,196.43 crore in the corresponding period last financial year.
The total FMCG net revenue during the quarter stood at Rs5,440.06 crore with the cigarettes category accounting for Rs3,657.36 crore.
Paper, paperboards and packaging business clocked net revenue of Rs1,061.55 crore in the third quarter. Hotels segment had a net revenue of Rs309.46 crore, while the agri business posted net sales of Rs1,630.97 crore.
During the period, the company said its cost of materials consumed increased to Rs2,374.48 crore against Rs1,946.22 crore in the year-ago period.
The ITC stock was trading at Rs287.50 per share, in afternoon trade, up 0.82% from the previous close on the BSE.