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The budget is credit negative for public sector banks

Under the Indradhanush programme announced last year, the government would infuse Rs 70,000 crore in state owned banks over four years.According to Moody’s, the budget indicates a continued commitment to gradual fiscal consolidation by bringing down fiscal deficit to three per cent over the next two years. The banks will therefore have to turn to the government for capital injection at least over the next 18 months.45 lakh crore for the four fiscal years ending March 31, 2016 to March 31 2019, their credit profiles will worsen,” he added.

However, it added that the budget is moderately credit positive for most sectors. Global rating agency Moody’s investor service on Thursday said India’s Budget 2016-2017 is credit negative for public sector banks because of the insufficient allocation of capital for the segment.“By contrast, we believe that unless the banks receive Rs 1.

The budget is credit negative for public sector banks because the government has stuck to its capital infusion roadmap ann-ounced in 2015, budgeting Rs 25,000 crore in infusi-ons,” says Srikanth Vadla-mani, a China transmission system bearings Manufacturers Moody’s vice-president and senior credit officer.The rating agency pointed out that public sector banks are unlikely to gain access to the capital markets for equity capital in the near term, given their low valuations.“However, the proposals do not contain significant measures to address structural fiscal challenges,” it said. On the issue of securitisation, Moody’s said that the development of securitisation markets in India and China will help the two countries achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies.Global rating agency Moody’s investor service on Thursday said India’s Budget 2016-2017 is credit negative for public sector banks because of the insufficient allocation of capital for the segment

Mass migration of people in over China wheel bearings Suppliers

. Bhopal: The acute water crisis, caused by the prevailing heatwave conditions, has triggered mass migration of people from many villages in the parched belt of Bundelkhand in Madhya Pradesh.Reports from different parts of Bundelkhand region said people in water-scarce villages in the districts of Panna, Damoh, Chhatarpur, and Tikamgarh have started migrating to other states to escape their ordeal.Similarly, the mass migration of people from the villages of Bakshawaha, Rajnagar, Bijabar, Badamalhar and Labkushnagar in Chhatarpur district has been reported due to similar reasons. All water sources such as hand pumps and ponds in their localities have dried up due to intense heatwave conditions,” a district officer told this newspaper on Sunday.

Mass migration of people in over China wheel bearings Suppliers dozen villages, which have been hit by water scarcity, under Mastapur panchayat in Tikamgarh district has also been reported.The region has been experiencing temperatures between 45 and 47 degrees Celsius for the last couple of weeks, causing water bodies in the belt to dry up.All water sources such as hand pumps and ponds in their localities have dried up due to intense heatwave conditions. The region has been experiencing temperatures between 45 and 47 degrees Celsius for the last couple of weeks, causing water bodies in the belt to dry up..According to official reports, more than 80 large water bodies in the state have dried up, while over 40,000 hand pumps in rural Madhya Pradesh have become completely non-functional

Till now he has sold around 400 Plutos

 Till now he has sold around 400 Plutos. 17-year-old Ishan Malhotra is an innovator who understands the problems of a poor farmer and his device Pluto is all about helping them. So, I started looking for crowdfunding,” he says. It provides the user with accurate information of the electricity status of the area where it is being used as well.”.”But the dream project for Ishan will be around the lines of artificial intelligence.

But Pluto wasn’t his first innovative work. So, it will be around Rs 1000. They had to fix their schedule their day around the erratic hours when electricity was available,” he says, adding, “It is then that I thought of inventing a device that could control the pumps remotely. So, it’s not just me but a number of people who have made Pluto a success. Hence, the user doesn’t have to be physically present to turn on the water pump, or to turn it off. “I have had many mentors.”Pluto enables the user to remotely connect the submersible pump or any other electrical device to its source of power from any corner of the world by using any kind of phone. “But after a point, I realised it can’t be the only way.Ishan decided of naming the device Pluto as just like the former-planet, it works from long distances.“These devices are also really durable as over the two years we haven’t received any complaints. “Though it’s hard to remember what exactly, I made quite a few things for fun — like drones or a bedside lamp that could be controlled through a remote. The device works on the main power supply and has no embedded batter in it. The earlier version of Pluto was sold at Rs 700 but the new version that he is about to launch will be slightly more expensive as it incorporates more technological advancements.

The 17-years-old wants to pursue computer science and mathematics for his undergraduate studies but is also keen on exploring other fields. I told her about Pluto and how I could make it better.It wasn’t just witnessing the lack of power supply in his grandmother’s village but also his in-depth interaction with his driver that made him realise the kind of hardships that the villagers go through due to the lack of power supply.It was Ishan’s parents who funded the project initially.Pluto enables the user to remotely connect the water pump to its source of power from any corner of the world. Right now I’m working on an interactive computer, wherein the computer can see and feel humans and in turn interact with them. It was while observing the state of farmers that he decided to develop a device that would somehow help them. Also, for technical issues, we have a helpline service,” he says. Even in Delhi, I had a science teacher who helped me out and in school, my chemistry teacher always motivated me and helped me out when I was facing problems while making Pluto.“I saw that the farmers had no choice but to get up really early in the morning to turn on the water pumps because there was no electricity in the village for most of the day. “This was one thing I could help with, as I had attended a summer course where I learnt about the Internet of Change — IOT, I wanted to apply it here as well. As I said, I attended a summer programme but even after it ended, I was well connected with my professor. For 17-year-old Ishan Malhotra, a summer at his grandmother’s house in 2015, proved life changing.He is not alone in his innovative journey. After making the prototype, I even shipped it to US wheel unit bearings Suppliers so that she could have a first-hand experience and guide me further

The Thane police has arrested three more accused

Thane police crime DCP, Abhishek Trimukhe, said, “We are interrogating these accused. He auto bearings factorys Suppliers has been doing this for the past three years and was arrested after we got information about him during interrogation of the other accused.The chips were allegedly sold for Rs 50,000 to the accused in UP.Police has listed some petrol pumps suspected of using electronic chips to manipulate discharge of fuel. Sona-wane too is an engineer and was involved in fitting chips in the machines,” the officer said. Nemade was in touch with Shetey.

Nemade is a software engineer and used to make software to tamper with petrol pump machines.. We arrested them Thursday morning. Our police teams are working on different aspects of the case to unearth the scam. The police officers had raided several petrol pumps in Thane and Dombivali last month.Police has listed some petrol pumps suspected of using electronic chips to manipulate discharge of fuel.

The Thane police has arrested three more accused in the petrol pump scam.” Till now, more than 80 petrol pumps have been sealed all over the state. Thakrey was detained earlier as he used to fit the chips in petrol machines.A police officer said, “After interrogating 19 accused, including the main accused Vivek Shetey who used to make the cheat chips, we came to know about these three accused. During interrogation, he admitted to having installed several chips in Nagpur and we arrested him.The arrested accused have been identified as Pune resident Anil Sona-wane, Nagpur resident Kumar Thakrey, and Navi Mumbai resident M. Of the trio, one was involved in the making of software used to tamper with legit petrol pump machines while the other two were chip fitters. Shetey, who has a Master of Science degree in electronics, was earlier arrested from Dombivali by UP police for having manufactured such chips at his workshop. Our team is working to find other chipmakers, whom we will arrest soon. Nemade

The Modi government is expected to announce on Thursday

(Auto bearings factorys Factory New Delhi: In view of demonetisation of Rs 500 and Rs 1000 notes, the government on Thursday extended the exemption of toll tax on highways till December 1. After two more extensions on November 11 and November 14, the concessions for accepting banned notes ends on Thursday night at petrol pumps, hospitals, pharmacies, railway stations, airports and some other places.The government on Wednesday told the Supreme Court that it may give yet another extension if it thinks it was required.

The Modi government is expected to announce on Thursday evening further extensions on exemptions of old notes for accessing essential services.The old high value notes were banned on November 8 with an aim to eradicate black money from circulation and stop spread of fake currency notes in the banking system.The Modi government is expected to announce on Thursday evening further extensions on exemptions of old notes for accessing essential services, said an ANI report. After rolling out the ban on high-value currency notes on November 8, the Centre had permitted exchange of old notes at a host of places including petrol pumps, Mother Dairy and government milk booths, government hospitals, railway ticketing and crematoria and burial grounds for 72 hours.The government on Wednesday told the Supreme Court that it may give yet another extension if it thinks it was required.

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