Kerala requires a Department of Design for the state to emerge as a creative hub of the world, experts at a three-day international event here said. Such a set-up can enable the government to focus on the state's strengths in the field of design and resolve pertinent deficiencies, they said in a panel discussion at the Kochi Design Week that concluded on Saturday.Experts were addressing a session on 'Kerala as Creative Hub of the World' on the second day of the December 12-14 KDW, organised chiefly by the government to chart a long-term development mission for the state through futuristic design and architecture.Moderating the discussions, National Institute of Design former director Pradyumna Vyas said Kerala's strengths in the area of IT and digital competencies, tourism, heritage and culture make it a strong contender for being the creative hub of the world.Close "The government, policymakers and bureaucrats are promoting creative activity in a big way, as can be seen from the way … [Read more...] about Kerala requires Department of Design to become creative hub of world: Experts
World bank capital increase
There is a need to change the development paradigm and aim for a climate resilient development, moving away from traditional metrics, Vice President M Venkaiah Naidu said.Address the fourth Asia Pacific Forum on Urban Resilience and Adaptation that began here on Monday, he said, "The new urban infrastructure should be low-carbon, green and climate resilient."In a series of tweets, Naidu also emphasised that climate vulnerability and its likely impacts should be factored in all development strategies.Close The three-day event is being hosted by the South Delhi Municipal Corporation in association with UN (ICLEI – Local Governments for Sustainability). related news Prime Minister Modi pays tribute to Sardar Vallabhbhai Patel on 69th death anniversary People light candles for Sam in Guwahati; AASU leader meets family 10 held from 2 boats off Mumbai coast with US dollars, drugs This event is being organised in India for the first time and 31 countries are taking part in … [Read more...] about Need to change development paradigm, aim for climate resilient development: Venkaiah Naidu
Vibhuti GargThe Indian power sector is under huge stress and struggling with issues across the value chain: thermal generation exposed to a huge non-performing asset (NPA) burden of over Rs 10 trillion ($144 billion) as of FY2018; an inadequate transmission network leading to grid congestion and curtailment; and, increasing indebtedness and the deteriorating financial health of distribution companies (discoms). Support for the under-recovery of discoms selling electricity at below-market prices, usually for residential and agricultural users, was the single-largest source of energy subsidy expenditure in FY2017: Rs 74,925 crore ($11.2 billion).In particular, thermal power plant developers are under huge pressure. Capacity utilisation rates have been below 60 per cent over the past two years, combined with excessive financial leverage that makes debt servicing extremely difficult. Further, late payments by loss-making DISCOMs and renegotiation of tariffs on power purchase agreements … [Read more...] about Climate Crisis | How to untangle the mixed signals on coal in India?
The very fact that it took more than 70 years post-independence for electricity to reach every village speaks volumes about the mess the sector has been in. Forget villages, even metro cities, and most state capitals still have to face load shedding. The entire problem in the power sector can be summed up in three words – vote bank politics.Politicians of all stripes have refrained from increasing tariff for fear of upsetting their vote banks. Besides this, blatant theft of power, at times under the patronage of political parties, is at the root cause of the problems in the power sector.Many schemes launched by various governments failed to achieve their desired goal because none of them dared to go anywhere close to the root cause. Ultimately it was the taxpayer who had to foot the bill of the huge bailouts.Close This, however, changed in November 2015 when the Ujwal Discom Assurance Yojana (UDAY) scheme for reviving the discoms was launched in November 2015. At the time of … [Read more...] about Opinion | UDAY Scheme: It’s high time state governments said ‘let there be light’
The market staged a strong performance in the last three consecutive sessions and helped benchmark indices post 1.4 percent gains for the week that ended on December 13.The announcement of phase one trade deal by US and China, and easing Brexit worries after the emphatic victory of Boris Johnson's conservative party in UK's general election lifted sentiment.Also, reports that ArcelorMittal started has paying money to lenders in Essar Steel case brought cheer to the markets. Nifty Auto,Bank and Metal indices gained 2-3.6 percent while the Nifty Midcap index was up 1.2 percent, but smallcaps lost 0.8 percent during the week.Close With the easing of global worries, the cooling off of volatility and the government's continuous focus on bringing economy back on track, the positive momentum is expected to continue in coming days despite weak domestic economic data points, followed by some consolidation, say experts. related news Do you think when to book out? Implied Volatility … [Read more...] about Market Week Ahead: 10 key factors that will keep traders busy