In a majority verdict, the Supreme Court on Tuesday upheld theenvironmental clearance and notification for change in land use for the Central Vista Project. The Central Vista revamp, announced in September, 2019 envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day. Read here
India will soon double its existing pipeline network according to Prime Minister Narendra Modi. Speaking at a ceremony to mark the completion of the 450-kilometre-long Kochi-Mangaluru pipeline, Modi said, “The first interstate natural gas pipeline of the country was commissioned in 1987, and by 2014, India had 15,000 kilometres of natural gas pipeline built. Today there are over 16,000 kilometres of new gas pipelines being worked upon. This work is going to be complete in the next 5 to 6 years.” Read here
A former chairman of one of China’s biggest bad debt managers was condemned to death over charges of corruption, marking a rare sentence in President Xi Jinping’s efforts to tighten control over the economy and rein in malfeasance. Lai Xiaomin, who was chairman of China Huarong Asset Management Co. before he came under investigation in 2018, was sentenced to death for taking bribes as well as bigamy, according to a local court. He was found guilty of receiving 1.79 billion yuan ($277 million) in bribes between 2008 and 2018, according to the court of Tianjin City. All his personal assets will be confiscated, the ruling said. Read here
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.