From shoes and clothes to plastic bottles — a day after a barrage of Mumbaikars gathered to cheer for the T20 World Cup winning Indian Cricket Team’s parade, the Brihanmumbai Municipal Corporation (BMC) collected a whooping 11,500 kg (11.5 metric tonne) of waste along the Marine Drive stretch. A senior BMC official said, “Due to the large number of people who had arrived in the area, the cleanliness activities were hampered at several intervals. Even then, the drive was completed by 8 am, by which time, we cleared and loaded…
Tag: drive
India: Millennials hunting returns drive risk-hungry investments in India
[ad_1] An impatient Indian investor class, mainly driven by millenniumis making the leap from peer-to-peer lending to cryptocurrencies to riskier investments in hopes of boosting returns, shaken by one of the worst inflation rates in Asia. Massive numbers of individuals pouring money into new and lightly controlled assets India Moreover, the pandemic followed the rise of retail investors globally and made many aware of the potential for major losses. Others have been lucky and won while running to buy the first car or apartment. In Mumbai, 28-year-old Prateek Vora, who…
Ready for a long budget drive
[ad_1] House adopts $1.6 trillion discretionary spending cap for fiscal year 2023. This sets the stage Next week for appropriations subcommittees to start marking up spending bills. House leaders are expected to pass their version of a spending package before the August recess. The Senate is likely to proceed … more slowly. Will EV Tax Credits Make Their Way into the Budget Bill? Joe Manchin hit the brakes on a $7,500 tax exemption for electric vehicle buyers included in the house-passed version of the Build Back Better Act. Other Democrats…
Fiscal spending will drive growth: Finance Minister Nirmala Sitharaman
[ad_1] Finance Minister Nirmala Sitharaman on Monday said economic growth will continue to boost investment along with fiscal spending. It will “speed up the economy based on the idea of growth at the macro level complemented by all-inclusive welfare at the micro level”, she said. Sitharaman was speaking at a virtual meeting of BRICS group finance ministers and central bank governors. The statement underscores the government’s continued focus on capex, as it bets big on its high multiplier effect. The Center has budgeted a capital expenditure of Rs 7.50 trillion…