
LMC bets on CMP to decongest city roads
LMC officials on Thursday reviewed a detailed presentation of its proposed City Mobility Plan (CMP) for the first time. The plan is aimed at regulating public transport, managing traffic flow, and improving overall urban mobility under a long-term vision.
The proposal is part of a comprehensive mobility plan, also referred to as a sustainable urban mobility plan, to streamline movement of people and goods while integrating land use and infrastructure planning.
A senior LMC official said the CMP focuses on building a safer, more efficient, and sustainable transport system for the city, which has been grappling with growing traffic pressure due to unregulated e-rickshaws and buses.
Traffic congestion caused by unplanned stoppages of buses and unregulated e-rickshaw movement has long been a recurring problem at several busy intersections of Lucknow.
'We receive regular complaints from commuters who suffer long delays due to buses stopping on the wrong side or e-rickshaws blocking crossings. This plan addresses those issues directly,' the official said.
An LMC official said that earlier, the municipal corporation drives were limited to removing encroachment, one of the major reasons behind road congestion.
The presentation being prepared by a private consultancy based in Delhi was on Thursday shown to municipal commissioner Gaurav Kumar, who confirmed that the plan would be integrated into the city's Master Plan 2045.
'This is a forward-looking initiative. It takes into account mobility needs of the next 20 years and will help in improving the quality of life for city residents,' Kumar said.
The plan will next be placed before the divisional commissioner Roshan Jacob. Upon her approval, it will be forwarded to the state government for final clearance, he added.
Officials said that a city-wide traffic survey will be conducted to map congestion-prone zones and identify areas for immediate intervention. The plan also proposes digital solutions and the inclusion of AI-driven monitoring systems to manage traffic more efficiently.
Currently, the city has a fleet of 32 CNG buses and 140 electric buses operated by Lucknow City Transport Services Limited (LCTSL).
LMC officials said that the involvement of the traffic police and district administration would be crucial for the successful implementation of the CMP. Earlier, during the tenure of the former municipal commissioner, a similar idea was floated but it did not move forward. This time, however, officials said they were confident that the proposal would get the necessary approvals.
CMP presentation: Key proposals
- Construction of elevated roads and new flyovers to ease congestion at choke points
- Improvement of existing road infrastructure and junctions
- Creation of dedicated parking zones to reduce roadside vehicle halts
- Regulation of e-rickshaw movement -- permitting them only in inner lanes and prohibiting their operation on main roads.
- Streamlining city bus routes and ensuring buses stop only at designated points to prevent traffic bottlenecks
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
5 hours ago
- Mint
Best midcap and smallcap stocks to buy today—recommended by Raja Venkatraman
Midcap and smallcap stocks have been under significant pressure as investors brace for the Union government's GST overhaul and the outcome of US President Donald Trump's meeting with Ukraine President Volodymyr Zelenskyy. Yet, even in this cautious environment, certain high-quality midcaps and smallcaps continue to attract steady buying interest. The challenge now is to zero in on those resilient names and tactically deploy capital for a short-term rebound. Here are three midcap stocks to buy on 19 August, as recommended by Raja Venkatraman of NeoTrader. Best stocks to buy today KIRLOSENG: Buy CMP and dips to ₹915 | Stop: ₹898 | Target: ₹1,040-1,085 NESCO: Buy CMP and dips to ₹1,398 | Stop: ₹1,370 | Target: ₹1,550-1,585 KPIL: Buy at CMP and dips to ₹1,240 | Stop: ₹1,215 | Target: ₹1,365-1,410 Sentiment gets a reboot The BJP government's recent policy initiatives and GST reforms are expected to strongly influence India's midcap market landscape, both immediately and in the longer term. 1. Strengthening fundamentals: With GST reforms targeting ease of doing business and reducing costs, midcap companies—especially those in sectors impacted by rate cuts (e.g., food processing, renewable energy, medical devices)—stand to benefit from improved operating margins and expanded demand. 2. Risk and return profile: Recent mutual fund analysis suggests midcap funds have delivered strong performance, with returns ranging from 21% to nearly 27% over the last three years. However, market experts recommend midcap investments, primarily to those with high-risk tolerance and a long-term horizon, as the segment remains volatile amid reform transitions. 3. Sectoral leaders: Stocks in retail, electronics manufacturing, packaging, and water treatment—sectors benefiting directly from GST relief or supply chain simplification—have been highlighted for potential upside by leading brokerages. The midcap sector remains the 'growth engine" of the Indian market, poised to benefit as companies leverage reforms for accelerated expansion. The midcap market is set for robust growth, driven by government-led reforms that reduce compliance costs, boost sectoral demand, and ease regulatory bottlenecks. Companies should capitalize on these opportunities by embracing automation and updating systems for new GST mandates. On the charts, too, we can see a rebound from the lower levels as the momentum is showing a positive divergence that can help the trends revive and generate an upward trajectory in the coming days. Three midcap stocks to trade, recommended by NeoTrader's Raja Venkatraman for Tuesday KIRLOSENG: Buy CMP and dips to ₹915 | Stop: ₹898 | Target: ₹1,040-1,085 NESCO: Buy CMP and dips to ₹1,398 | Stop: ₹1,370 | Target: ₹1,550-1,585 KPIL: Buy at CMP and dips to ₹1,240 | Stop: ₹1,215 | Target: ₹1,365-1,410 Overall, midcap and smallcap stocks still hold appeal for those chasing returns above traditional largecap equities. Yet, their propensity for swift price movements calls for a robust game plan, disciplined execution, and comprehensive due diligence. As themes in emerging markets shift—propelled by economic growth and technological breakthroughs—savvy investors who carefully weigh these growth prospects against their accompanying risks are well-positioned to reap meaningful gains over the long haul. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.


Mint
6 hours ago
- Mint
Recommended stocks to buy on 19 August—top stock picks from market experts
Equity benchmarks extended their upward momentum on Monday, with the Sensex and Nifty gaining almost 1% on the back of sustained buying in auto and consumer durables. The Nifty 50 settled 245 points higher at 24,876.95, after briefly surpassing 25,000 with an intraday gain of 1.58%. Investor sentiment was bolstered by expectations of a 'big bang' GST reform package by Diwali and an S&P sovereign rating upgrade. Together, these factors improved visibility on India's growth and policy trajectory. Here are the best stock picks for Tuesday, 19 August, recommended by some of India's leading market experts. Three midcap stocks to buy, recommended by NeoTrader's Raja Venkatraman KIRLOSENG: Buy CMP and dips to ₹915 | Stop: ₹898 | Target: ₹1,040-1,085 NESCO: Buy CMP and dips to ₹1,398 | Stop: ₹1,370 | Target: ₹1,550-1,585 KPIL: Buy at CMP and dips to ₹1,240 | Stop: ₹1,215 | Target: ₹1,365-1,410 Two stock recommendations for today by MarketSmith India Top three stock picks by Ankush Bajaj for 19 August: Ashok Leyland Ltd (current price: ₹131.75) Why it's recommended: Ashok Leyland is showing strong bullish momentum, with the daily RSI at 67, MACD in positive territory, and ADX at 27, all indicating a robust trend. The stock has recently broken above resistance near ₹127, suggesting momentum continuation. Key metrics: Pattern: Breakout above recent resistance at ₹127 MACD: Positive, confirming buy momentum RSI: 67, in bullish zone ADX: 27, signalling a strong trend Technical analysis: The breakout structure, bolstered by strong momentum, points to further upside toward ₹139. Risk factors: Demand fluctuations in the commercial vehicle cycle, competition from peers, and higher debt levels that could weigh on free cash flow. Buy at: ₹131.75 Target price: ₹139 Stop loss: ₹128 Maruti Suzuki Ltd (current price: ₹14,068) Why it's recommended: Maruti Suzuki is in bullish territory with a daily RSI of 81, MACD at 180, and ADX averaging 12, highlighting momentum accumulation. The stock recently closed at a new lifetime high, indicating strong upward continuation. Key metrics: Pattern: New lifetime high breakout MACD: Strongly positive at 180 RSI: 81, showing overbought but sustained strength ADX: 12, signalling early trend formation Technical analysis: The crossover alongside market momentum supports potential upside to ₹14,575. Risk factors: Exposure to supply chain disruptions (especially EV components), rising competition in the SUV space, and potential margin pressure due to raw material costs. Buy at: ₹14,068 Target price: ₹14,575 Stop loss: ₹13,815 Eicher Motors Ltd (current price: ₹5,915) Why it's recommended: Eicher Motors exhibits strong bullish momentum characterized by a daily RSI of 73, MACD at 62, and ADX at 16, signalling an emerging trend. The stock has also recently reached a new lifetime high, reinforcing the bullish setup. Key metrics: Pattern: New lifetime high breakout MACD: Positive at 62 RSI: 73, indicating strong momentum ADX: 16, early-stage trend initiation Technical analysis: Sustained momentum and breakout signal suggest further upside potential. Risk factors: High valuations, rising input costs, and execution risks in scaling up international operations. Buy at: ₹5,915 Target price: ₹6,200 Stop loss: ₹5,780 MarketSmith India is a stock research platform and advisory service focused on the Indian stock market. Trade name: William O'Neil India Pvt. Ltd. (Sebi Registered Research Analyst Registration No.: INH000015543) Ankush Bajaj is a Sebi-registered research analyst. His registration number is INH000010441. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.


Economic Times
a day ago
- Economic Times
Kotak Mahindra becomes first Indian firm to secure UAE licence for selling funds to retail investors
Synopsis Kotak International secured a license from the UAE to offer investment funds to retail investors, becoming the first Indian firm to do so. This move allows Kotak to directly target retail clients, with minimum investments around $500, capitalizing on the growing interest in Indian markets and the UAE's favorable tax environment. Kotak International, the global arm of India's third-largest private lender Kotak Mahindra , said on Monday it has been given a licence by the United Arab Emirates (UAE) to sell investment funds and portfolios to onshore retail investors. Kotak is the first Indian firm to receive a licence from the UAE's Securities & Commodities Authority, as more UAE investors show interest in Indian markets. The firm plans to launch its first India-focused retail funds in the Gulf country by the final quarter of 2025. "India has got a story which is extremely wide and diversified," Shyam Kumar, Kotak International's president, told Reuters, noting this makes it appealing to foreign investors. "You have a very young population, working population, so that makes it very strong and resilient in terms of economic growth." Unlike India, the UAE does not tax personal income or capital gains on fund returns, making the country an attractive base for global investors. While Kotak has previously engaged UAE-based investors via wealth managers and insurance platforms, its new licence enables the firm to directly solicit investments from retail clients, moving beyond traditional high-net-worth clientele. "It really expands the scope," Kumar said, noting clients will now be able to access Kotak's funds with a minimum investment of around $500. Indian nationals are the largest expatriate community in the UAE, representing roughly 35% of the population. They're also the top foreign investors in Dubai real estate, purchasing over 35 billion dirham ($9.53 billion) of property in the emirate last year, according to real estate agency Aeon & Trisl. While Kumar noted the importance of the Indian population in Kotak's UAE expansion strategy, he said the firm has a broader goal of attracting investors in the country beyond the diaspora. Kotak's move to court retail investors comes amid a deepening financial integration between India and the UAE. In July, Indian Prime Minister Narendra Modi made his seventh visit to the Gulf nation, where he signed key agreements to link India's digital payment system to the UAE and boost bilateral trade.