NEW DELHI: The Railways have planned to plant five crore saplings by 2019-20 on railway land along the tracks with close cooperation of the state governments, Lok Sabha was informed today. Railway Minister Suresh Prabhu said the initiative has been taken in pursuance of the Railways' commitment towards environmental improvement and sustainable development. "Railways have planned to plant five crore saplings by 2019-20 on railway land boundary along the railway tracks depending upon availability of resources and cooperation from the state forest department," he said during Question Hour. To achieve this, Railways have taken many strategic initiatives that include involvement of forest departments of the states for plantation as well as maintenance and disposal of trees, thus bringing in the much-needed expertise in afforestation, he said. Prabhu said the Railway Ministry have finalised a model agreement in consultation with the Environment Ministry to be entered between Zonal … [Read more...] about Railways plan to plant 5 crore saplings by 2019-20: Suresh Prabhu
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Sources said an official from the Ministry of Land, Infrastructure and Transport told around 20 appraisers during a recent meeting in Seoul that the ministry wants to boost the average valuation of land across the country to 70 percent of market rates over the next four to five years. But the valuation of pieces of land worth more than W30 million per sq. m was to be raised at once. … [Read more...] about Gov’t Meddles in Property Value Assessment
HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?
Xiong Ying (R) and her mother prepare chicken fodder in Jinshan Village of Tianzhu County, southwest China's Guizhou Province, May 28, 2020. Xiong Ying had worked as an electronics technician in Guiyang before she quit the job in May 2018 and took over her family chicken farm. In November 2019, the chicken farm expanded with support from a government-backed poverty-relief fund. After the COVID-19 outbreak, Xiong has explored alternative ways to sell home-grown chickens -- the online store and livestream sales program run by the 30-year-old rural entrepreneur continue to make fortune amid the pandemic. (Xinhua/Yang Ying) … [Read more...] about Rural entreprenur running chicken farm makes fortune via online store, livestreaming
NEW DELHI: There are no signs of any de-escalation in the almost month-long confrontation between Indian and The Indian Army has "enough acclimatized" troops now deployed in the high-altitude areas in eastern Ladakh to take care of any contingency, while battalions in other sectors like Uttarakhand, Sikkim and Arunachal Pradesh along the 3,488-km Line of Actual Control (LAC) have also further cranked up their operational readiness, said sources. Read also: No talks between PM Modi & Trump on India-China border standoff, govt saysThe ongoing Army commanders’ conference, being chaired by General M M Naravane and attended by the senior Lt-Generals heading the six operational and one training commands, also interestingly discussed the "management of ammunition stocks and operational logistics" while reviewing the situation along the LAC on Thursday. Sources said there is no doubt that the "well-coordinated" operation by the People’s Liberation Army (PLA) for simultaneous … [Read more...] about No de-escalation in China stand-off; Army bosses discuss ammunition stocks, op logistics