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India's Bold Step: Launching National Clean Air Program
After C&D plant protests, Nashik to create green buffer zone
After local residents protested over the proposed construction and demolition (C&D) waste recycling plant in the Makhmalabad area, fearing that it would cause air pollution, the Nashik Municipal Corporation (NMC) has decided to create a green buffer zone at a cost of Rs 1.5 crore to protect the area from dust.
The Nashik civic body also will plant more than 3,000 saplings on around 70 acres of the area proposed for the C&D waste plant, which is to be built at the cost of Rs 70 million. The funds for the green zone will be made available under National Clean Air Programme (..
Ludhiana Corporation approves projects worth Rs 100 cr
In a meeting held at the mayor's camp office, the civic body's finance and contracts committee (F&CC) approved roughly 250 resolutions pertaining to development works valued at about 1 billion as Municipal elections are anticipated to take place by the end of the year.
The same occurs at a time when the municipal corporation (MC) is struggling to make ends meet, including paying employee salaries. Following the same, there appears to be a lack of precise planning for financing these projects.
During the meeting, which lasted for more than four and a half hours, 277 resolutio..
India loses 29% of solar power potential due to air pollution
According to a study conducted by the Indian Institute of Technology (IIT), Delhi, between 2001 and 2018, India has lost 29% of its global horizontal irradiance potential or the radiation that generates solar power, due to air pollution.
This shortfall in harnessing potential solar energy equates to a loss of $245-$835 million per year. According to the report, air pollution is not only harming people's health but also preventing India from meeting its solar energy goals. To assess pollution, IIT looked at the soiling effect, or the presence of solid dust, as well..
L&T subsidiary opens new manufacturing unit in Saudi Arabia
L&T Valves Ltd., a subsidiary of Larsen & Toubro, established a new manufacturing plant in Al Jubail, Saudi Arabia, next to the Dammam-Abu Hadriyah Highway. One of Saudi Arabia's main providers of on-off valves is L&T Valves.
The manufacturing facility is being opened with the intention of satisfying the increasing demand from the Middle East. In keeping with Saudi Vision 2030, Anil V. Parab, Whole-time Director and Senior Executive Vice President, Heavy Engineering and L&T Valves, emphasised that the new facility will greatly improve local manufacturing capabilities..
LIC Housing Finance net profit dips 9.14% in Q4 of FY24; Rs 10.8206 bn
LIC Housing Finance disclosed a 9.14 % decline in its net consolidated profit for the quarter ending March 31, 2024. Its profit after tax reached Rs 10.8206 billion in Q4 FY24, down from Rs 11.9088 billion in the corresponding period of the previous fiscal, as per the company's filing with BSE. The net consolidated total income for Q4 FY24 amounted to Rs 69.4861 billion, marking an 8.04% increase from Rs 64.3123 billion in the same quarter last year.
Tribhuwan Adhikari, MD & CEO said, "Our focus on reduction in NPA and control over cost of funds have enabled us to close the year with a..
