Delhi bandh against sealing drive today; traders to go for ‘chakka jam’, protest march

Agencies
February 2, 2018

New Delhi, Feb 2: Traders in Delhi have called for a two-day bandh starting Friday to protest against the ongoing sealing drive in the national capital. It is expected that at least 8 lakh shops and a large number of factories would remain closed as part of the strike.

The call for two-day bandh has been given by the Confederation of All India Traders (CAIT). Notably, the Chamber of Trade and Industries (CTI) had called for a three-day bandh. The CTI has also planned to hold a protest and ‘katora march’ in front of Municipal Corporation of Delhi (MCD) office at Kashmiri Gate.

The CAIT, on the other hand, has decided to hold protest march in all markets in the national capital. They are slated to stage a protest at Bikanerwala crossing in Karol Bagh area at around noon.

At around the same time, a ‘chakka jam’ is also expected to be staged at Paharganj near New Delhi Railway Station. This might lead to trouble for those going to the railway station.

Both the traders’ bodies have declared that the protests would end only after the government implements the announcements made by Minister of State for Housing & Urban Affairs Hardeep Singh Puri on Wednesday.

The traders are also keenly awaiting a meeting of Delhi Development Authority (DDA) board, scheduled for later on Thursday. New proposals for amendments in Master Plan 2021, that would give relief from sealing, are expected to be tabled in the meet.

One of the proposals expected to be tabled in the meeting is increasing the Floor Area Ratio (FAR) from 180 to 300-350. There might also be a proposal on unifying the FAR. There might also be a proposal for relief in the conversion charge and penalty.

According to sources, public opinion is likely to be sought on proposals tabled in the meeting, following which they would be notified officially.

This comes a day after Delhi Congress chief Ajay Maken on Thursday made a presentationbefore the Supreme Court-appointed monitoring committee, raising demand for halting the ongoing sealing of illegal commercial establishments in the city.

Maken said the sealing drive was "illegal" and quoted the law and the Delhi Master Plan 2021 to support his claim.

"We are hopeful that no sealing in Special Areas and Village Abadi areas of Delhi will take place," he said after the meeting with the monitoring committee members.

On Tuesday, Maken had sought an appointment with the committee to present his legal stand for halting the sealing drive.

Maken had said he may approach the Supreme Court if needed be. "If the monitoring committee does not listen to me, I will move the Supreme Court to make my submissions."

Several commercial establishments in Delhi have been sealed by BJP-ruled civic bodies for failing to deposit conversion charges according to provisions in the master plan.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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Agencies
June 10,2020

New Delhi, Jun 10: The Enforcement Directorate (ED) on Wednesday brought back over 2,300 kg of polished diamonds and pearls worth Rs 1,350 crore of firms belonging to Nirav Modi and Mehul Choksi from Hong Kong, officials said.

Out of the 108 consignments that landed at Mumbai, 32 belong to overseas entities "controlled" by Modi while the rest are of Mehul Choksi firms.

Both the businessmen are being probed by the ED under the Prevention of Money Laundering Act (PMLA) in connection with an over USD 2 billion alleged bank fraud at a PNB branch in Mumbai.

The valuables include polished diamonds, pearls and silver jewellery, and is worth Rs 1,350 crore. 

The ED completed "all legal formalities" with authorities in Hong Kong to bring back these valuables, the agency said.

These will formally seized under the PMLA now, it said.

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Agencies
August 6,2020

New Delhi, Aug 6 : With a single-day spike of 56,282 new COVID-19 cases and 904 deaths in the last 24 hours, India's COVID-19 tally reached 19,64,537 on Thursday.

With the increase of 904 deaths, the toll due to the disease now stands at 40,699 in the country, according to the Union Ministry of Health and Family Welfare (MoHFW).

The COVID-19 count includes 5,95,501 active cases and 13,28,337 cured/discharged/migrated patients.

Meanwhile, as per the MoHFW, the percentage of discharged patients stands at 67.62, while the active cases are at 30.31 in the country as of today.

The deaths reported due to the infection are currently at a little above two per cent of the total confirmed cases in the country.

Maharashtra with 1,46,268 active cases and 3,05,521 cured and discharged patients continues to be the worst affected. The state has also reported 16,476 deaths due to the infection.

Tamil Nadu has 54,184 active cases while 2,14,815 patients have been discharged after treatment in the state. 4,461 deaths have been reported due to COVID-19 in the state.

Andhra Pradesh with 80,426 active cases is the third on the list. There are 1,04,354 cured and discharged patients and 1,681 deaths reported from the state.

The national capital's active cases tally once again crossed the 10-thousand mark with 175 new cases being reported. Delhi now has 10,072 active cases and 1,26,116 cured and discharged patients. 4,044 people have lost their lives due to the disease in the Union Territory so far.

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