more-inThe State capital is among 20 municipalities and cities from 13 States in the country to join the urban solid waste management initiative launched in New Delhi on Tuesday to achieve 100% source segregation of waste by October 2, 2019. “The main agenda is to give participating cities a platform to exchange knowledge on solid waste management (SWM),” says Chandra Bhushan, Deputy Director General, CSE. The initiative comes close on the heels of the Union Ministry of Housing and Urban Affairs’ (MoHUA) countrywide campaign from June 5 to segregate waste at source. But, ensuring segregation at source requires infrastructure for segregating, transporting and processing the waste, and tough compliance systems. Besides Thiruvananthapuram, Alappuzha, three municipal authorities from Delhi-New Delhi Municipal Corporation, East Delhi Municipal Corporation and South Delhi Municipal Corporation and urban bodies of Bengaluru, Patna, Gurugram, Imphal, Gangtok, Greater Hyderabad, Bhopal, Indore and Mysuru figure in the list of local bodies.

December 12, 2017 18:56 UTC

more-inThe State’s performance in palliative care has drawn world attention, said Chief Minister Pinarayi Vijayan while inaugurating the ‘Sneham’ Medical Palliative Care society at the district medical office here on Tuesday. This is the first time in the State that a local self-government institution has started a charitable society for palliative care, district panchayat president V.K. The Chief Minister also inaugurated the ‘Snehasparsham’ scholarship scheme at the function. Mr. Vijayan called for collective participation from all sections of society to ensure better palliative care for both disease-ridden and old-age patients. He appreciated the ‘Sneham madhuram’ programme, which is a relief fund for palliative patients created with contribution from school students.

December 12, 2017 18:56 UTC

Actor Prakash Raj participing in the walk from Farangipet to Mani in Dakshina Kannada on Tuesday. more-inActor Prakash Raj, who participated in the ‘Walk for harmony’ led by Minister in charge of Dakshina Kannada B. Ramanath Rai from Farangipet to Mani on Tuesday, urged people to raise their voices against persons trying to engineer communal trouble. At a rally at Mani after the padayatra that covered 22 km on Mangaluru–Bengaluru highway, Mr. Raj said the electorate should decide wisely and not cast their vote to persons creating communal tension. You all know the persons who are trying to spoil communal harmony. Mr. Raj said the goal of the padayatra was to stand against forces that profess murder for a murder.

December 12, 2017 18:56 UTC

BSE Ltd on Tuesday said it is taking seven companies to National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC) for non-payment of annual listing fees. The exchange has identified 130 such companies and in the first round, it has already filed insolvency proceedings against seven. These companies are not able to pay their listing fees, so should an investor remain invested them or not?” said Ashish Chauhan, managing director and CEO of BSE. A query sent to NSE on whether it was also contemplating taking companies to NCLT on non-payment of listing fees, was not answered. An exchange with its listing fees dues would be considered as operational creditor.

December 12, 2017 18:56 UTC

Foreign Secretary S. Jaishankar and Defence Secretary Sanjay Mitra at the inaugural “2+2 dialogue” with Australia in New Delhi on December 12, 2017. Photo: @MEAIndiamore-inContinuing with the strategic bilateral discussion, Australia and India on Tuesday discussed the need to maintain the Asia-Pacific region as a “free” and “open” zone under the “2+2” dialogue model which includes the foreign and defence secretaries of both sides. The discussion was the first meeting of this level since the two sides participated in the quadrilateral discussion for a new strategic partnership targeting the Asia-Pacific region. Freedom of navigationThe “2+2” dialogue of Tuesday was held between Foreign Secretary S. Jaishankar and Defence Secretary Sanjay Mitra and their Australian counterparts Frances Adamson and Greg Moriarty. “All aspects of bilateral relations with a focus on strategic and defence relations between the two countries were reviewed,” the MEA said.

December 12, 2017 18:33 UTC





Mumbai: Angel investments in business to business (B2B) start-ups have seen an uptick, with B2B investments contributing to 40% of total investments in the 15 months to June 2017, according to a report by venture debt provider Innoven Capital. B2B investments contributed to 25% of total angel investments in the previous year, the report said. The Innoven Capital: India Angel Report takes into account investments made by five major angel groups—Indian Angel Network, Mumbai Angels, The Chennai Angels, Hyderabad Angels and Calcutta Angels. However, total angel investments saw a downward trend in the period with angel investors committing Rs101.1 crore across 54 deals. Lack of clarity around taxation issues and a more cautious investment approach by angel investors are some of the reasons for the slowdown in angel investments, said Sharma.

December 12, 2017 18:33 UTC

more-inDemanding that Prime Minister Narendra Modi and Finance Minister Arun Jaitley withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill 2017, Karnataka Pradesh Congress Committee working president Dinesh Gundu Rao on Tuesday said it will affect the common man who has already been hit owing to demonetisation and Goods and Service Tax. “I will call a meeting of Congress MPs from Karnataka and ask them to oppose the FRDI Bill when it comes up for debate in Lok Sabha and Rajya Sabha. I demand that the Prime Minister and Finance Minister withdraw it immediately,” he told presspersons here. Terming the FRDI Bill disastrous for the common man, he said: “The Bill provides for a bail-in, which allows the financial institution to cancel a liability owed by the bank or change the form of an existing liability to another security. “We urge the Joint Committee of Parliament, which is reviewing the Bill, to kindly reconsider allowing such a draconian provision.

December 12, 2017 18:22 UTC

Since Bescom did not have emergency power purchase this year, the quantum of hike proposed is lower than last year. more-inThe Bangalore Electricity Supply Company’s (Bescom) experimental “telescopic tariffs”, under which three additional slabs were created for domestic consumers in urban areas, appears to have paid off. “Last year, we also had emergency power purchase (owing to breakdown of the Sharavathi Hydro Power Station) but there was no such thing this time,” he said. Among Bescom’s reasons for the need to have a separate tariff from the other four electricity supply companies (Escoms) was the difference in the consumer base. They also pointed to the high power purchase costs and the large number of industries that Bescom caters to.

December 12, 2017 18:22 UTC

more-inActor and politician Upendra, who launched the Karnataka Pragnyavantara Janata Paksha (KPJP) donning a khakhi shirt of auto drivers, is thrilled over getting autorickshaw as his party’s symbol because of the vehicle’s close association with Kannada cinema. The Election Commission of India accorded this symbol to KPJP on Saturday. “Autorickshaw signifies the common man and khakhi shirt is symbolic of the working class,” said Mr. Upendra. Though KPJP had mentioned five options for the symbol, its priority was to get autorickshaw. The draft manifesto, which will be ready by the week-end, will be circulated online for public discussion,” he said.

December 12, 2017 18:22 UTC

more-inAhead of the second phase of polls in Gujarat, the Election Commission on Tuesday said there was no room for any electoral malpractice during the first phase of the Assembly elections due to its robust security and administrative protocols for the handling of Electronic Voting Machines (EVMs) and Voter Verifiable Paper Audit Trail (VVPATs). The Commission, in a statement, reassured the voters that “it would leave no stone unturned in preserving the purity, integrity and credibility of the elections and reinforcing the faith and trust of the people in the electoral democracy of our country.”The EC said it had put in place an elaborate framework of administrative system, security protocols and procedural checks and balances in Gujarat, which prevented any possible misuse of the machines or any procedural lapses in their use. The safeguards were being implemented transparently “with the active and documented involvement of political parties, candidates and their representatives at every stage.”

December 12, 2017 18:22 UTC

Apple India posted sales of Rs11,619 crore ($1.8 billion) for the year ended March 2017, compared with Rs9,937 crore in the year-ago period. According to documents posted with the Registrar of Companies on Tuesday, Apple India Pvt. In the preceding 12 months ended March 2016, Apple India had reported a growth of 53%. Apple did not disclose a reason for the slowdown in the pace of growth in India, although experts tracking Apple attributed it to two reasons. And so that’s India,” added Cook.

December 12, 2017 18:22 UTC

Air Deccan was founded in 2003 and merged with Kingfisher Airlines in 2008, which was later grounded under financial duress. Photo: ReutersNew Delhi: Air Deccan, India’s first domestic low cost airline, is set to relaunch operations this month with what it is remembered for the most—Re1 airfares. Air Deccan, founded by G.R. Air Deccan, which has the tagline “Simplifly”, will brand its entry with a “the common man takes to the skies” logo designed by cartoonist the late R.K. Laxman. However, Air Deccan is yet to finalize their schedule,” it added.

December 12, 2017 18:22 UTC

Since November, Essar Group has been talking to potential buyers and investors for the sale of the Equinox Business Park in Mumbai’s Bandra-Kurla Complex. An Essar Realty spokesperson declined to comment, while an email sent to Brookfield Asset Managment, to seek confirmation on the development, remained unanswered till press time. Last year, the company signed one of the largest commercial real estate deals in recent years by acquiring the office and retail assets of Hiranandani Developers Pvt. Ltd and private equity firm Blackstone Group Lp are the top two global investors in India’s real estate market, Brookfield Asset Management is fast catching up. With the potential of REIT (Real Estate Investment Trust) as an exit option, commercial real estate in India has become an attractive investment for several big investors,” he said.

December 12, 2017 18:22 UTC

Photo: Hemant Mishra/MintBengaluru: The Karnataka unit of the Bharatiya Janata Party (BJP) on Tuesday complained to the governor alleging that the state government was unable to control attacks on workers from Hindu right wing groups. The cause of the latest political standoff between the BJP and the Siddaramaiah-led Congress government is the death of a 21-year-old man, Paresh Mesta, in Honnavar (Dakshina Kannada) district. The district is in coastal Karnataka, a communally sensitive region that has seen several attacks and murders from both right wing Hindu and minority groups. Heading into elections, the BJP has championed the cause of Hindu right wing groups in the region in a bid to corner the Congress government. Ramalinga Reddy, home minister of Karnataka, said that the BJP was spreading false information and inciting communal violence.

December 12, 2017 18:22 UTC

Photo: HTThe story of pulses from last year is a stark illustration of what ails agriculture policy. Due to the misfortune of pulses prices this year, we can be sure that its acreage will fall drastically, and we may have a shortage and high prices next year. This is an example of the inherent urban bias in India’s agriculture policy, which persists to this day. Indeed, among all World Trade Organization members, India is among a handful of countries with negative protection of agriculture. Lastly, one more policy lesson is that pulses continue to be in the Agriculture Produce Marketing Committee (APMC) Act.

December 12, 2017 17:37 UTC