Economists estimate the second-quarter GDP growth rate of the service sector and government capital expenditure at 6.7-7%

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November 27, 2023

ICRA estimates second-quarter GDP growth at 7%, beating the Monetary Policy Committee’s forecast of 6.5%, which said growth could slow in the second half of the fiscal year, ahead of the election, due to The effects of slowing investment spending and the need for regulation, as monetary tightening is fully reflected. A recovery in the services sector, strong public investment spending and a pick-up in consumption-oriented sectors, especially luxury consumption, supported growth in the July-September quarter , with economists placing gross domestic product (GDP) growth at 6.7-7%. . Although the growth rate slowed down compared to 7.8% growth in the first quarter (April – June), due to concerns about external demand, domestic consumption demand and services in general. will likely contribute the most to Q2 growth.

With the release of Q2 GDP data approaching, scheduled for November 30, many economists are now expecting a growth rate of nearly 7%. However, the overall growth forecast for the 2023-2024 financial year is around 6.2 to 6.7%, with growth likely to slow in the second half of the year due to input cost pressures and economic growth. economic weakness. The government and the Reserve Bank of India (RBI) both forecast a growth rate of 6.5% for the financial year 2023-24. RBI forecasts growth of 6.5% in July-September and 6.0% in October-December. Last month, RBI Governor Shaktikanta Das said the GDP growth rate in the second quarter could surprise in terms of growth.

“The underlying growth trend continues to appear strong in India, with activity supported by domestic consumption, high levels of public investment and strong growth in the utilities sectors. We expect third-quarter growth to improve in core utilities (i.e. mining and power generation), as well as manufacturing, construction and public spending. These measures will likely help mitigate the loss of momentum in financial services, as well as trade and transport. Export growth is expected to remain weak, but the overall impact of continued improvement in services exports, coupled with a decline in imports, means that the contribution of net exports to GDP is The barrier is much weaker in the third trimester (July-September) than in the third trimester. previous quarters,” Rahul Bajoria, managing director and head of EM Asia ex-China economics, Barclays said in a note. Barclays forecast 6.8% growth in July-September. Public spending – Center and states – supported the resumption of the investment cycle. “The combination of government capital expenditure and strong growth in real estate services supported the construction sector’s recovery in steel consumption and cement production,” said IDFC FIRST Bank.

IDFC FIRST Bank forecasts a growth rate of 6.7% in the second quarter. “Domestic economic activity in the second quarter was supported by strong agriculture performance, sustained dynamism in services, strong capital expenditure by the Center (49% of budget) and states ( 32% of the budget) and a strong recovery in consumer spending,” the state said. Indian Research Bank said in a note. According to the latest data from the Comptroller General of Accounts (CGA), the government spent Rs 1.16 lakh crore on capital expenditure, about 49% of the fiscal target for the entire year.

In terms of sector breakdown, services are expected to be the biggest contributor to growth, economists said, although slower growth is expected in services sectors. finance, hotels and transportation.

“Agriculture may have been a slight drag, but services grew much stronger than expected. In general, services perform better than manufacturing. Government-led investments have also been significant, although many questions remain about their sustainability. These, along with high-end consumption, appear to have contributed to the growth,” said Devendra Kumar Pant, chief economist at India Ratings and Research.

India Ratings and Research forecasts growth of 6.9% in the July-September quarter. However, concerns about global growth remain, which could weigh on export demand.

“With a sharp slowdown in major economies around the world, export competitiveness appears to be facing a temporary barrier. However, the growing commitment of global giants to gradually source components and spare parts, in addition to domestic production commitments for export, will bode well for the sector. in the near future,” the SBI report said.

Soumya Kanti Ghosh, chief economic advisor of SBI Group, said the GDP growth rate in the second quarter is estimated to reach 7%, possibly even exceeding 7%. ICRA estimates second-quarter GDP growth at 7%, beating the Monetary Policy Committee’s forecast of 6.5%, which said growth could slow in the second half of the fiscal year, ahead of the election, due to The effects of slowing investment spending and the need for regulation, as monetary tightening is fully reflected.

“Looking ahead, rainfall is uneven, narrowing the gap with commodity prices a year ago, government investment spending momentum may slow ahead of parliamentary elections, weak external demand and The cumulative impact of monetary tightening is expected to lead to lower GDP growth in 2017. H2 FY2024.

Accordingly, we maintain our GDP growth estimate for FY24 at 6.0%, lower than the MPC forecast of 6.5% for the FY,” Aditi Nayar, Chief Economist , Head of Research and Outreach, ICRA said.

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Education at primary level is Hidden pillar of India’s growth!

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Team Happen Recently

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November 26, 2023

Primary education forms the foundational framework upon which a nation’s growth and development stand. In the context of India, it serves as a hidden pillar, essential for fostering socio-economic progress and ensuring a robust future for the country.

First and foremost, primary education is the cornerstone of individual empowerment. It equips children with the basic knowledge and skills necessary to navigate the complexities of the modern world. The ability to read, write, and comprehend not only opens doors to further learning but also empowers individuals to actively participate in civic life. A literate populace is better positioned to make informed decisions, engage in meaningful dialogue, and contribute effectively to the democratic processes that govern the nation.

Moreover, primary education is instrumental in breaking the cycle of poverty. By providing children with a strong educational foundation, it enhances their prospects for future employment and economic independence. Education empowers individuals to pursue diverse career paths, fostering a skilled workforce that is crucial for the growth of industries and the overall economy. This, in turn, contributes to poverty alleviation and creates a more equitable society.

Additionally, primary education plays a pivotal role in promoting social cohesion and inclusivity. It acts as a unifying force by bringing together children from diverse backgrounds, fostering understanding, tolerance, and a sense of shared identity. Exposure to a common educational experience lays the groundwork for a harmonious society, reducing disparities and promoting a collective sense of responsibility towards the nation’s progress.

Furthermore, the hidden impact of primary education extends to healthcare outcomes. Educated individuals are more likely to adopt healthier lifestyles, make informed decisions about their well-being, and access healthcare services when needed. As a result, an emphasis on primary education contributes to improved public health, reducing the burden on the healthcare system and enhancing overall societal well-being.

In the context of India, a country with a burgeoning population, the significance of primary education becomes even more pronounced. The demographic dividend, often touted as a potential driver of economic growth, can only be fully realized through a well-educated and skilled workforce. Primary education lays the groundwork for harnessing this demographic advantage by ensuring that the youth are equipped with the necessary skills to contribute meaningfully to the workforce.

In conclusion, while primary education may operate as a hidden pillar, its impact on India’s growth is undeniable. It shapes the destiny of individuals, breaks the chains of poverty, fosters social cohesion, improves healthcare outcomes, and lays the foundation for a robust and dynamic nation. As India continues its journey towards progress and development, recognizing and strengthening this hidden pillar is imperative for building a sustainable and flourishing future.

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The most complex economic problem of India and how to overcome it??

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Team Happen Recently

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November 26, 2023

The most complex economic problem facing India is arguably unemployment. With a vast and diverse population, creating enough jobs to accommodate the growing workforce remains a persistent challenge. Tackling this issue requires a multifaceted approach that encompasses policy reforms, skill development, and fostering an environment conducive to entrepreneurship.

Firstly, policy reforms are essential to create an environment that encourages business growth and job creation. Streamlining bureaucratic processes, reducing regulatory burdens, and offering incentives for industries to expand can stimulate economic activity. Additionally, targeted policies that promote sectors with high employment potential, such as manufacturing and services, can play a crucial role in addressing unemployment.

Skill development is another critical aspect of overcoming unemployment in India. The country needs a workforce equipped with the skills demanded by the evolving job market. Investing in education and vocational training programs tailored to the needs of industries can bridge the gap between job seekers and employers. Collaboration between the government, educational institutions, and the private sector is key to designing effective skill development initiatives.

Furthermore, fostering entrepreneurship is vital for job creation. Small and medium-sized enterprises (SMEs) are major contributors to employment in many economies, and India can benefit significantly from supporting the growth of these enterprises. Providing easier access to credit, simplifying regulatory procedures for startups, and offering mentorship programs can encourage entrepreneurial ventures, leading to the generation of new jobs.

Addressing the rural-urban divide is also crucial. Many regions in India face underdevelopment and lack access to basic amenities. Implementing policies that promote inclusive growth, infrastructure development, and investment in rural areas can help distribute economic opportunities more evenly, reducing migration to urban centers in search of employment.

Moreover, leveraging technology for economic growth can be a game-changer. Embracing digitalization and investing in innovation can create new industries and job opportunities. The government can play a pivotal role by supporting research and development, promoting a culture of innovation, and facilitating the integration of technology into various sectors.

In conclusion, overcoming unemployment in India requires a comprehensive strategy that includes policy reforms, skill development, support for entrepreneurship, addressing regional disparities, and embracing technological advancements. A collaborative effort between the government, private sector, and educational institutions is essential to implement and sustain these measures. By adopting a holistic approach, India can pave the way for a more inclusive and resilient economy that provides ample opportunities for its burgeoning population.

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‘New pride in our abilities’: PM Modi takes flight on Tejas aircraft in Bengaluru

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November 26, 2023

The two-seater aircraft, the first trainer version of the Tejas manufactured by HAL, was handed over to the Indian Air Force on October 4.

Wearing an olive green G-suit, Prime Minister Narendra Modi flew the indigenous trainer aircraft of Light Combat Aircraft (LCA) Tejas during his visit to defense manufacturer HAL in Bengaluru on Saturday. The Prime Minister is on a closed visit to HAL’s LCA manufacturing facilities.

This two-seat aircraft is the first trainer version of the Tejas series manufactured by HAL and was handed over to the Indian Air Force on October 4.

After the flight took off from HAL airport and lasted a few minutes, Modi posted on X: “Successfully exited on Tejas. This experience was incredibly enriching, significantly strengthened my belief in our country’s indigenous capabilities and left me with a new sense of pride and optimism about our national potential.

“I can say with great pride that through hard work and dedication, we are second to none in the world in the field of self-reliance. I extend my heartfelt congratulations to the Indian Air Force, DRDO and HAL and all the people of India,” Modi added.

After the flight, the Prime Minister visited Telangana to campaign for the BJP ahead of the November 30 assembly elections.

HAL handed over the first two-seater LCA Tejas to the IAF on October 4 at an event attended by Defense Minister Ajay Bhatt and Chief of Air Staff Air Marshal VR Chaudhari.

The Union Cabinet has approved the purchase of 73 LCA Tejas Mk-1A fighter aircraft and 10 LCA Tejas Mk-1 trainer aircraft in 2021 at a cost of Rs 45,696 Crore. The IAF plans to buy 97 more LCAs from HAL, taking the total LCAs in inventory to 220, including fighters and single-seat trainers.

“The two-seat LCA Tejas aircraft is a 4.5 generation, multi-role, all-weather light aircraft. It is designed to meet the training needs of the IAF and transform into a fighter aircraft when required,” HAL said about the LCA that the Prime Minister flew.

“It is an amalgamation of modern concepts and technologies such as comfortable static stability, electric quadcopter flight control, worry-free maneuvering, advanced glass cockpit, air-conditioning system,” said HAL. integrated digital avionics and advanced composites for cells”.

The LCA trainer aircraft made its maiden flight six months ago, on April 5 at HAL airport, in a 35-minute flight. Powered by a GE FF404-IN20 turbofan engine, the LCA Tejas training aircraft is 13.2 m long, 8.2 m wide and 4.4 m high. Its maximum takeoff weight is 13,500 kg and its service ceiling (maximum usable altitude) is 50,000 feet.

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India- China trade data distinction rises to $15 billion in January- October this time

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Team Happen Recently

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November 26, 2023

896 cases of under- valuation detected last time, recovery process was underway, says government

The magnitude of the distinction in the India- China sanctioned trade figures as per data sets released independently by New Delhi and Beijing has widened further this time, amid rising cases of under- invoicing and potentially advanced losses to the Indian bankroll despite sweats by duty authorities to plug loopholes. The difference between sanctioned numbers on exports to India released by China and the significances from China reported by India jumped over 20 percent to$15.47 billion during the first 10 months of 2023, as against$12.75 billion in the matching period last time. Under- invoicing of imported goods involves marking the stated value of significances below the factual value paid to the foreign exporter, thereby reducing the import duty outgo.

The Ministry of Commerce and Industry in response to a query transferred by The Indian Express said it had raised the issue of under- invoicing by Indian importers with the Department of profit under the Ministry of Finance and they had informed that for the period from January- November 2022, Directorate of Revenue Intelligence( DRI) and Customs conformations had detected 896 cases of undervaluation and disquisition and recovery process was underway in these cases, it said. “ Further, to check similar cases of under- invoicing, DRI and Customs field conformations maintain constant surveillance and take preventative measures like allocation of suitable cautions modus operandi leaflets etc, and take applicable action as per law when similar cases are detected, ” the ministry said. The position of distinction and the progressive widening of the gap is a cause for concern, according to trade experts. “ The magnitude of the distinction in the India- China data is really large. It’s a cause of concern since foreign exchange is a precious commodity for us. similar differences live in our trade with the UAE too, but not with the US. Exporters have an incitement to underreport figures but that’s where controllers come by, ” Biswajit Dhar, Professor, Centre for Economic Studies and Planning, Jawaharlal Nehru University said. “ There are gaps in our digital structure and customs will have to do the due industriousness. They can look into the unit value to see where the distinction actually lies. The grainy figures aren’t public sphere. Now big data ways are available and income duty authorities have used it well. It’s delicate to understand why one sect of the finance ministry has been successful and not the other, ” Dhar added.

Trade mis- invoicing redounded in losses near to$ 13 billion which is equal to about5.5 percent of total duty profit collections in India in 2016, Global Financial Integrity( GFI), a US- grounded think tank that focuses on lawless fiscal overflows had said in a report. nearly two- thirds of the significances that appear to be most “ at threat for some degree of implicit profit losses are significances from just one country – China, ” the report said.

Trade experts said that the variation in the number could be incompletely explained by the different valuation styles used in transnational trade FOB( Free On Board) and CIF( Cost, Insurance, and Freight) and under- invoicing of shipments by Indian importers to avoid paying import levies.

FOB, the system India uses to report exports, accounts for the costs of goods and their transportation to the harborage of departure. In discrepancy, CIF, employed by China for import data, includes fresh costs similar as insurance and freight charges to the destination harborage, former trade officer and Global Trade Research Initiative( GTRI)Co-Founder Ajay Srivastava said.

“ Generally, CIF values are advanced than FOB, counting for over to a 10 percent difference. still, this still leaves an unexplained 5 percent friction, which could be attributed to the timing of shipments and their recording in different months.

Indian reports cite significances of$73.1 billion, starkly varied by China’s reported figure of$101.8 billion. Given that India’s import numbers should immaculately be 10 percent advanced than China’s FOB- grounded data( due to CIF terms), the anticipated import value for India should be around$ 112 billion. But the difference stands at a stunning 34.7 percent, ” Srivastava said.

“ This large distinction hints at possible under- invoicing of significances on a significant scale. similar practices, not only reflective of profit loss, could indicate jilting, a form of illegal trade practice mischievous to the domestic assiduity. This situation necessitates a thorough disquisition at a product position, to understand the root causes and take corrective measures, ” he stated.

The Commerce Ministry in its response said that there could be several reasons for the difference in trade data between the two countries, for illustration, under invoicing by Indian importers,over-invoicing by Chinese exporters, use of different INCO( International Commercial) terms by two countriesviz. Cost Insurance Freight( CIF) or Free On Board( FOB) base, different data collection styles by two countries, the difference in time period in recording deals,etc.

“ Also, the difference between the statistics published by China and India has always been there indeed previous to COVID- 19 times when the divagation in trade data of two countries was roughly 19 percent, ” the ministry added.

The Global Financial Integrity report had refocused out that India’s significances linked particular products that appeared to be at especially high threat for trade mis- invoicing in 2016 and linked nearly$1.8 billion in losses associated with just five product types. Those products and the affiliated estimated profit losses included comestible fruits and nuts at$ 149 million, sugars at$78.8 million, cereals at$77.8 million and vehicles at$63.2 million, the report added.

Every time, roughly$ 1 trillion overflows immorally out of developing and arising husbandry due to crime, corruption, and duty elusion – further than these countries admit in foreign direct investment and foreign aid combined, the GFI report said.

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Celebrating Purity: Oxineer’s Sponsorship Shines at Durga Utsav in New Delhi.

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Team Happen Recently

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November 25, 2023

In the vibrant enclave of Durgwadi Greater Kailash in New Delhi, the spirit of festivity reached new heights during the recent Durga Utsav, where the auspicious celebration was generously sponsored by Oxineer, the esteemed packaged drinking water brand under the umbrella of Saintley Sonne India Pvt Ltd, led by CEO Deepak Kumar. The main orchestrator of this grand event was Aventz Production, ensuring a seamless and joyous experience for all participants.

Oxineer, synonymous with purity and quality, played a pivotal role in contributing to the success of the Durga Utsav. With a vision to be a premier service provider focusing on high-end strategic solutions, Oxineer has been delivering premium packaged drinking water since 2015. Under the leadership of Singer Diamond, Oxineer’s commitment to excellence shines through, addressing the crucial issue of water-related diseases in India.

During the festivities, Oxineer took center stage as a beacon of health and well-being. The company’s mission, to be an exemplary and leading water operator providing continuous, equitable, reliable, and safe water, resonated with the community. Oxineer’s goal includes cultivating a culture of natural purity in water consumption and promoting a healthy lifestyle, reflecting values such as teamwork, transparency, environmental friendliness, integrity, and a commitment to quality over quantity.

Oxineer’s packaged drinking water stood out as the preferred choice for health-conscious individuals, emphasizing the significance of water in every aspect of our lives. With the purest form of water, Oxineer aimed to flush out toxins, improve complexion, provide mental peace, promote weight loss, and enhance digestion – all essential elements for a holistic well-being.

The quality assurance provided by Oxineer is evident in their meticulous manufacturing process. The company is ISI certified, ensuring that every drop meets the highest standards. Rigorous checks at every step, a hygienic working environment, and a comprehensive monitoring system underscore Oxineer’s commitment to delivering the best. The presence of their own laboratory further ensures the quality of the product, with a focus on removing undissolved impurities like bacteria, dust, dirt, and viruses.

As the sponsor of the Durga Utsav, Oxineer’s involvement went beyond providing refreshing hydration. It symbolized a shared commitment to community well-being, aligning with the spirit of the festival that signifies the triumph of good over evil. The Oxineer-sponsored event not only brought joy to the participants but also created awareness about the importance of pure and safe drinking water.

In conclusion, the Durga Utsav in Durgwadi Greater Kailash, New Delhi, was not only a celebration of cultural richness but also a testament to the community’s health-conscious spirit, with Oxineer leading the way in promoting the essence of purity through its premium packaged drinking water. The event served as a platform for Oxineer to showcase its commitment to quality, health, and a thriving community, leaving a lasting impression on all those who participated.

Website = https://www.oxineer.com

Oxineer and Saintley Sonne Illuminate Chandni Chowk Shopping Festival.

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Team Happen Recently

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November 25, 2023

A symphony of lights and culture unfolded in the heart of Delhi as Oxineer and its parent company, Saintley Sonne India Pvt Ltd, jointly took center stage as proud sponsors of the prestigious “Chandni Chowk Shopping Festival.” The event, graced by the esteemed presence of Delhi’s Chief Minister, Arvind Kejriwal, showcased a unique blend of corporate philanthropy and community engagement, all under the visionary leadership of CEO Deepak Kumar.

The bustling streets of Chandni Chowk came alive with a fusion of innovation and tradition as Oxineer and Saintley Sonne brought their collective ethos to the forefront. The festival, a celebration of Chandni Chowk’s rich heritage, resonated with the commitment of both companies to not only purifying water but also enriching the communities they serve.

At the heart of the sponsorship were the visionary leadership and commitment to societal well-being of CEO Deepak Kumar, the driving force behind Oxineer and Saintley Sonne. In an exclusive interview, Deepak Kumar expressed, “Our aim is not just to provide clean water; it’s about nurturing the roots of our society. The Chandni Chowk Shopping Festival perfectly aligns with our values, showcasing the vibrancy of Delhi and fostering a sense of togetherness.”

“The event unfolded under the joint banner of Oxineer and Saintley Sonne, with their shared tagline, “Desh Ka Neer,” symbolizing the commitment to serving the nation. Amidst the vibrant stalls and cultural performances, both companies showcased their latest innovations in water purification technology, reinforcing their mission to make clean water accessible nationwide.

Adding another layer of brilliance to the festival was Oxineer’s sister brand, Sunrix, with its tagline “A Passion To Shine.” Sunrix’s array of solar products seamlessly complemented the joint sponsorship, emphasizing the collective dedication to harnessing the power of the sun for a brighter and sustainable future.

Delhi Chief Minister Arvind Kejriwal, the chief guest of the evening, commended Oxineer, Saintley Sonne, and CEO Deepak Kumar for their joint commitment to environmental sustainability and community development. In his address, he stated, “It’s heartening to see corporations stepping up and contributing not only to the business landscape but also to the social fabric of our city.”

As the festival unfolded, the streets were alive with a melange of music, dance, and laughter. The stalls, adorned with traditional crafts and delectable street food, captured the essence of Chandni Chowk’s historic charm. Oxineer, Saintley Sonne, and their joint sponsorship added a modern touch, seamlessly blending technology with tradition.

The “Chandni Chowk Shopping Festival,” generously sponsored by Oxineer and Saintley Sonne, both under the leadership of CEO Deepak Kumar, stands as a testament to the powerful impact of collaborative corporate responsibility and community celebration. As the lights dimmed on this enchanting night, the memories created and the partnerships forged illuminated a path towards a brighter and more connected future for Delhi and beyond. Their joint commitment, encapsulated in “Desh Ka Neer,” continues to flow, not just in the purifying streams of water but in the vibrant currents of community spirit.

Website = www.sunrix.co.in

Sebi proposes to relax certain rules on insider trading

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Team Happen Recently

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November 25, 2023

Sebi bans insider trading but allows senior executives to trade in their company’s shares under a trading scheme introduced in 2015.

The Securities and Exchange Board of India (Sebi) on Friday proposed relaxations to allow company insiders, who are in possession of unpublished price sensitive information, to trade in securities. contract.

Sebi bans insider trading but allows senior executives to trade in their company’s shares under a trading scheme introduced in 2015.

However, data and market feedback suggest that these trading schemes are not very popular as the regulatory requirements are complex, Sebi said in a consultation paper on Friday.

The regulator recommends some flexibility in trading plans, including reducing the minimum consideration period between announcement and implementation of trading plans from six months to four months, removing the ban consideration time and reduced minimum insurance period. Company insiders, such as senior management or key management personnel, who often possess price-sensitive information, have little opportunity to trade for purposes such as incremental buybacks. gradually and comply with minimum public shareholding standards.

To facilitate the application of trading plans, the market regulator recommends reducing the minimum response time from the announcement of the plan to its implementation from six to four months.

When planning a transaction, insiders must plan for at least 18 months, including a mandatory consideration period of 6 months before making a transaction and a minimum hedging period of 12 months. The regulator has proposed reducing the minimum insurance period requirement from 12 months to 2 months.

Additionally, he suggested eliminating the blackout period requirement. The trading plan cannot include transactions between the 20th trading day preceding the last day of any financial year the results of which will be announced by the securities issuer and the 20th trading day. two after the release of these financial results. This period of time is called the blackout period.

The insider will have the option, when formulating a trading plan, to set an upper price limit for buy transactions and a lower price limit for sell transactions. Sebi has suggested that this price limit should be within +/- 20% of the closing price on the date of filing of the trading plan.

Other recommendations include publishing trading plans to stock exchanges within two days of approval and applying trading regulations to transactions carried out according to the plans transaction. Regarding the disclosure of personal information of insiders in trading plans, the regulator recommends that insiders disclose it separately to the exchange (with personal information) and to the public (without information). individual).

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The trapped workers were forced to spend another night in the Uttarakhand tunnel

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Team Happen Recently

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November 25, 2023

Drilling operations resumed Friday afternoon but were halted shortly after due to another collision with a metal rod.

Despite the tireless efforts of relief and rescue teams amid the war, 41 workers trapped in the Silkiara Tunnel in Uttarakhand’s Uttarakhand district remained frustrated on Friday as they expected their ordeal to be finally over. Due to technical problems hindering rescue operations, workers will have to stay another night in the tunnel. Engineers faced many obstacles in their efforts to rescue workers trapped in the collapsed tunnel.

Fifth, during the drilling process, the drilling machine stopped after colliding with a metal object. Drilling operations resumed Friday afternoon but were halted shortly after due to another collision with a metal rod.

Amid regular excavation operations, constant supplies of food and dried fruits and regular consultations with psychiatrists, 41 workers have been trapped in the section of the tunnel that collapsed some time ago, and 13 years are now looking forward to seeing a glimpse of the tunnel’s open sky and very early sun. Colonel Deepak Patil, in charge of the rescue operation, told TNIE: “As drilling continues using the Auger machine, two more pipes will be welded and sealed using the drill and push jack method. This work will take about six hours at most, so the rescue is scheduled to be completed on Saturday afternoon. Colonel Patel added:

“The main time-consuming factor is welding the pipes, as each pipe takes about 90 minutes to two hours to weld. The work until Friday afternoon was affected due to the continuous encounter of iron objects with the machine.” Wells up to 47 meters in diameter have been drilled, and there are still about 10 meters more to be drilled.

Instead of relying only on horizontal drilling, the government has also begun studying vertical drilling options. According to an official source, “The 1,150-metre access road has been completed and handed over to RVNL by BRO. The machine was brought to the scene by BRO for excavation. The identification of excavation points above the tunnel was completed after discussions with GSI, RVNL and ONGC.

According to information received from sources in Silkyara, the rescue team has been facing obstacles such as iron nets, beams and iron bars since Wednesday evening. Until Friday, the rescue team’s engineers spent the entire day facing these difficulties.

Technicians work day and night to remove these obstacles. Meanwhile, machinery and pipes were also destroyed by pieces of iron nets and other barriers. A source from Silkiara relief camp said: “A team of six tunnel engineers from Bangalore-based Infra Squadron reached the tunnel and explained the situation inside it using artificial intelligence. This helped a lot in implementing the campaign.”

Chief Minister Pushkar Singh Dhami on Friday reviewed the Salkiara Tunnel rescue operation and also asked about the progress being made. CM Dhami said: “This was a very difficult and risky rescue operation. The participants in the operation will have to work day and night with all the necessary efficiency, energy, readiness and vigilance for the success of the mission. »

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Need for climate smart Agriculture, CSA in India

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Team Happen Recently

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November 25, 2023

Climate Smart Agriculture (CSA) is imperative for India as the nation faces escalating challenges posed by climate change. Agriculture, a backbone of the Indian economy, is intricately tied to the country’s climate patterns. The intensification of extreme weather events, shifting rainfall patterns, and rising temperatures make it essential for India to embrace climate-smart practices to ensure food security, livelihood sustainability, and environmental resilience.

India is highly vulnerable to climate change impacts, with a diverse agro-climatic profile ranging from arid to tropical regions. Changing monsoon patterns have disrupted traditional agricultural calendars, leading to uncertain planting and harvesting seasons. The increased frequency of extreme weather events, such as floods, droughts, and cyclones, further exacerbates the vulnerability of the agricultural sector. To address these challenges, the adoption of a Climate Smart Agriculture system becomes imperative.

One of the key components of CSA is the development and deployment of climate-resilient crop varieties. Traditional crops are often susceptible to temperature extremes, water scarcity, and pests. By investing in the research and cultivation of climate-resilient varieties, India can safeguard its agricultural productivity. Drought-tolerant crops, for example, can withstand water scarcity, ensuring yields even in the face of irregular rainfall patterns.

Water scarcity is a pressing concern in many parts of India, and CSA offers solutions for efficient water management. Precision agriculture techniques, such as drip irrigation and soil moisture monitoring, help optimize water use. Implementing water harvesting and storage systems can also mitigate the impact of erratic rainfall, ensuring that water is available for crops during dry periods. These practices not only enhance resilience but also contribute to sustainable water use in agriculture.

Another vital aspect of CSA is the promotion of sustainable soil management practices. Degraded soil health is a significant challenge, affecting crop productivity. Implementing techniques like agroforestry, cover cropping, and organic farming can improve soil fertility, water retention, and overall resilience. Healthy soils act as a carbon sink, mitigating the impact of climate change by sequestering carbon dioxide from the atmosphere.

The use of technology plays a pivotal role in climate-smart agriculture. Remote sensing, satellite imagery, and data analytics can provide real-time information on weather patterns, soil health, and crop conditions. Farmers can make informed decisions based on this data, optimizing their agricultural practices. Mobile applications can disseminate weather forecasts, market information, and best agricultural practices, empowering farmers with knowledge and resources.

Integrated pest management is another critical element of CSA. Changing climate conditions often lead to the proliferation of pests and diseases. By adopting ecological approaches, such as natural predators and resistant crop varieties, farmers can reduce reliance on chemical pesticides, minimizing environmental impact and protecting biodiversity.

CSA is not only about adaptation but also about mitigating the contribution of agriculture to climate change. Livestock, a significant component of Indian agriculture, contributes to greenhouse gas emissions. Implementing practices like improved animal husbandry, efficient feed management, and methane reduction strategies can contribute to a more sustainable and climate-friendly agricultural sector.

Climate-smart practices need to be complemented by supportive policies and financial mechanisms. Governments and international agencies can play a crucial role in incentivizing and supporting farmers to adopt CSA. Subsidies, insurance schemes, and capacity-building programs can encourage the widespread adoption of climate-smart technologies and practices.

In conclusion, the need for Climate Smart Agriculture in India is urgent and multifaceted. It is not merely a response to climate change but a strategic approach to ensure the long-term sustainability of agriculture. By embracing climate-smart practices, India can enhance the resilience of its farmers, ensure food security, and contribute to global efforts in mitigating climate change. The synergy of technological innovation, sustainable practices, and supportive policies is essential to usher in a new era of climate-resilient agriculture in India.

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Economists estimate the second-quarter GDP growth rate of the service sector and government capital expenditure at 6.7-7%

Education at primary level is Hidden pillar of India’s growth!

The most complex economic problem of India and how to overcome it??

‘New pride in our abilities’: PM Modi takes flight on Tejas aircraft in Bengaluru

India- China trade data distinction rises to $15 billion in January- October this time

Celebrating Purity: Oxineer’s Sponsorship Shines at Durga Utsav in New Delhi.

Oxineer and Saintley Sonne Illuminate Chandni Chowk Shopping Festival.

Sebi proposes to relax certain rules on insider trading

The trapped workers were forced to spend another night in the Uttarakhand tunnel

Need for climate smart Agriculture, CSA in India

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