Sharjah ruler arrives in Kerala on five-day visit

News Network
September 26, 2017

Thiruvananthapuram, Sept 26: Sultan bin Muhammad Al-Qasimi, supreme council member and ruler of Sharjah, arrived to a warm reception here on Sunday on a five-day visit to Kerala.

Mr. Al-Qasimi, who arrived in a private jet at 3.15 p.m. at the invitation of Chief Minister Pinarayi Vijayan, was greeted with Thalappoli and Pancharimelam at the technical area of Thiruvananthapuram international airport. Mr. Al-Qasimi, later, inspected a Guard of Honour accorded to him by the Kerala Police.

Mr. Vijayan; his wife Kamala; Ministers K.T. Jaleel, Kadakampally Surendran, K.K. Shylaja, and Ramachandran Kadannappally; Mayor V.K. Prashant; Chief Secretary K.M. Abraham; Principal Secretary to the Chief Minister Nalini Netto; Private Secretary to the Chief Minister M.V. Jayarajan; State Police Chief Lokanath Behera; District Collector K. Vasuki; and District Police Chief P. Prakash were present to receive Mr. Al-Qasimi. Later, Mr. Al-Qasimi and dignitaries proceeded to a hotel at Kovalam where he will be staying.

“Still fondly remembers his warm hospitality and the good words he expressed about Malayalis & Kerala during my visit to Sharjah last year (sic),” the Chief Minister said in a Facebook post.

Mr. Al-Qasimi will call on Governor P. Sathasivam at 10.55 a.m. on Monday and later meet Chief Minister and his Cabinet colleagues at the Raj Bhavan. After lunch with the Governor, he will return to the beach resort where the State government will organise a cultural fiesta in his honour in the evening. He will take part in the dinner being hosted by the Chief Minister. On Tuesday morning, he will call on the Chief Minister at his official residence in Cliff House. Later, he will participate in a convocation ceremony being organised by the Calicut University at 11 a.m. in Raj Bhavan where the Governor will confer the DLitt. degree on him. He will deliver a lecture in the evening in the city.

Mr. Al-Qasimi will proceed to Kochi on a private visit on September 27 and will return to the Emirate in the evening.

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News Network
January 9,2020

Bengaluru, Jan 9: Primary and Secondary Education Minister S Suresh Kumar on Thursday said that the Education Department would launch a helpline by March 2020 to address the complaints.

Speaking to reporters here, he said, the helpline is not only for children but also for teachers.

"Entire department including teachers and parents can make use of the opportunity”, the minister said.

“The helpline can be called for any complaint related to the Education Department. Our objective is to resolve problems within a stipulated time,” the Minister said.

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News Network
January 29,2020

Newsroom, Jan 29: Karnataka’s capital has earned the unwelcome distinction of global capital of traffic congestion. According to a report by TomTom, the Netherlands-based global provider of navigation, traffic and map products, Bengaluru beat 415 other cities across 57 countries to earn the title of world's most traffic congested city in 2019.

“Bengaluru takes the top spot this year with drivers in the southern Indian city expecting to spend an average of 71% extra travel time stuck in traffic," TomTom said in the ninth edition of its annual Traffic Index.

Three other Indian cities, namely, Mumbai, Pune and New Delhi are also ranked in the 2019 edition of TomTom’s Traffic Index of the world’s most traffic-congested cities. 

The report released on Tuesday ranks cities by the average time added to a trip. TomTom index also includes details on when congestion is heaviest and lightest, how highways compare with surface streets, and how much time drivers wasted waiting for other drivers to get out of their way.

Following closely on the heels of Bengaluru is Manila, Philippines, with the similar 71% traffic congestion. Among the top five worst traffic affected cities are Mumbai and Pune from India at the fourth and fifth place respectively, while Bogota, Colombia is on third spot.

Delhi, the national capital of India is on the 8th spot, while Moscow (Russia), Lima (Peru), Istanbul (Turkey) and Jakarta (Indonesia) are on 6th, 7th, 9th and 10th spot respectively.

Mumbai recorded a 65% traffic congestion with 9th September, 2019 being the worst day. On an average, a Mumbaikar lost 209 hours in traffic congestion. Pune has 59% traffic congestion with 2nd August, 2019 being the worst day. 193 hours are lost due to congestion. Delhi, on the other hand, has 56% traffic congestion. 23rd October, 2019 was the worst day, while 190 hours are lost in traffic congestion.

Interestingly, among all the four Indian cities, Delhi has the most number of cars. Previous studies have concluded that Delhi has the best road conditions among the Metro cities of India.

If you are wondering what exactly the percentages mean, a 53% congestion level in Bangkok, for example, means that a trip will take 53% more time than it would during Bangkok’s baseline uncongested conditions.

TomTom calculates the baseline per city by analyzing free-flow travel times of all vehicles on the entire road network – recorded 24/7, 365 days a year. The report by Dutch navigation and mapping company ranks cities by the average time added to a trip. It also includes details on when congestion is heaviest and lightest, and how much time drivers wasted waiting for other drivers to get out of their way.

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News Network
February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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