Expressway... Industrial activity will increase

Around the Market

Expressway... Industrial activity will increase

Recently, the government approved an expressway between the two industrial cities of Uttar Pradesh, Kanpur and Ghaziabad. For this, a detailed project report has been prepared and a target has been set to complete it by 2025. Currently, the work of land acquisition for this project has been started. Due to this 380 km long expressway, Kanpur will reach Ghaziabad in just 3 hours. This route will pass through nine districts of Uttar Pradesh. Thus, this new route will save time and also speed up industrial activities.

Exercise to prevent bank fraud

The exercise has been undertaken by the government to check online fraud with banks which is increasing rapidly across the country. Soon the government will introduce strict rules for opening new bank accounts and taking SIM cards. Apart from this, physical verification will also be made mandatory for telecom operators and banks for their customers in the near future. For this, the Ministry of Home Affairs has held a meeting with the Ministry of Finance and the Ministry of Telecom and prepared a roadmap for the new rules. These new rules will be announced soon.

Less likely to reduce loan EMIs

In order to control inflation, the Reserve Bank has put a brake on interest rate hike. However, despite this, the central bank will not be in any hurry to make loans cheaper with the report cut. According to the central bank, rates are likely to come down if inflation continues to decline and the global economy improves. But if there is a change in the situation, then the inflation is likely to increase again. Thus, keeping in view the prevailing circumstances, the Reserve Bank will not come under any pressure. At present, the eyes of the entire system are fixed on Al Nino.

Startup Crisis... Half the Board Resigns

Byjus, the country's largest valuable startup, has been caught in the vortex of controversy. Half of the startup's board members have resigned due to disagreements with the company's founder Ravindran and disagreements over governance issues. Apart from this, the auditor of the company has also resigned from his post. According to the information received, the resignations of these three board members have not been accepted yet. Now three members of the family are Rabindran, his wife Divya and brother Riju Ravindran on the board. For the past one year, differences arose among the board members on various issues related to the management of the company.

Traffic police on the way to digitization

The traffic police has started an exercise to take action by digitally confiscating important documents kept in your digilocker for violating traffic rules. According to the DCP of Gurgaon Traffic Police, an exercise has been conducted on this issue. The documents kept in the digilocker are legally valid so the traffic police will also impound the vehicle by digitally seizing the digilocker documents. Apart from this, the information of this matter will also be digitalized in RTO. This new system will be implemented soon.

Big relief news for farmers

Farmers registered under the PM Kisan Yojana implemented by the government to help farmers will no longer need a one-time password (OTP) or fingerprint for e-KYC. Farmers will now be able to complete this task just by face authentication i.e. scanning their face. For this, features have been added on PM Kisan's mobile app. It may be mentioned here that face authentication facility has been provided for the first time in any government scheme.

Good news for the gems business

There is good news for Jaipur, which is famous in the country and the world in the gem business. The mine in Rajasthan and the garnet mineral block at Sakaria Ka Kheda in Bhilwara are finalizing the e-auction for joint licence. Along with this, the next level of exploration will be done to assess the availability, quality and potential deposits of garnet mineral deposits in Tonk, Ajmer and Bhilwara. Significantly, garnet is primarily recognized as a gemstone. Garnets are also exported from the state. Appraisal and mining of new garnet deposits will increase garnet exports from the state and earn foreign exchange.

Price war between Musk and Ambani

Elon Musk is keen to bring his Starlink satellite broadband to India. Starlink provides internet service. There is no need to install the tower on the ground. Internet service is available directly from satellite. If Starlink comes to India, there could be a business war between the world's richest man and Asia's richest man, Mukesh Ambani. Ambani is the chairman of Reliance Group and Reliance Jio is India's top telecom company. Elon Musk met Prime Minister Modi in America. After this meeting, Musk said that he is keen to launch Starlink in India. He said that Starlink can help immeasurably in remote villages in India where there is no internet or low speed.

Considerations in maintaining the quality of electrical equipment

The government may soon implement a new rule regarding electrical equipment. Government is planning to maintain quality in equipment. It aims to prevent importation of inferior goods and promote local industries. The Bureau of Indian Standards has also been consulted in this regard. Poor quality electrical appliances are present in the country. Many times people's lives are put in danger due to these additions. In such a situation, the government makes many rules to maintain the quality of the equipment. The government can make new rules for equipment used for domestic and commercial applications. The government is increasing these regulations to stop the import of substandard goods. Along with this, the government also aims to promote local industry.