Latest news with #Rs87
Time of India
2 days ago
- Time of India
Nashik police crack down on drug sale and transport
Nashik: The city police seized drugs worth over Rs 1 lakh and arrested at least seven people, with two involved in the possession of mephedrone (MD) and three others involved in the sale of ganja, in May this year. Nashik city police announced they stepped up action against drugs sale and transport in the city after growing number of youngsters were found to be engaging in thefts and robberies under the influence of drug addiction. Thus intelligence was stepped up and the police seized MD worth Rs 75,000 and ganja worth Rs 53,000 and found 28 other people consuming drugs. ACP (crime) Sandeep Mitke said increased intelligence helped gather information regarding drugs sale and transport. CP Sandeep Karnik advised zero tolerance towards the menace of narcotics in the city, he said. According to reports from the police between Nov 2023 and May end this year, a total of 60 cases were registered under Narcotics Drugs and Psychotropic Substances (NDPS) Act. 129 people have been arrested and drugs and other substances worth Rs87 lakh have been seized, including 737g of MD worth Rs34 lakh, 292kg of ganja worth Rs48 lakh, 49g of charas worth Rs24,000 and 326kg of bhang worth over Rs3 lakh. As part of this initiative, last month, a police head constable was dismissed from service due to his connections with drug dealers. Earlier this week, the Nashik rural police conducted a month-long operation in May, targeting the sale, consumption, and transportation of narcotic drugs and products across the district's rural areas. This initiative led to the seizure of narcotic products valued at Rs 8.49 lakh. During the drive, the police registered a total of 22 cases and arrested 29 individuals.
Hans India
17-05-2025
- Business
- Hans India
Another RBI dividend booster in sight
Mumbai: Economists expect the Reserve Bank of India's (RBI) dividend to the government to surpass a record over Rs2.5 lakh crore this year as the central bank earnings, through the sale of dollars to prop up the rupee as it sharply depreciated during 2024-25, are reported to have shot up. This higher profit will be transferred to the government as a dividend in 2025-26. The previous record dividend transferred to the government stands at Rs2.1 lakh crore during 2024-25, which helped to keep the fiscal deficit in check, while enabling the Finance Ministry to continue with its expenditure on big ticket infrastructure projects to spur growth and social welfare schemes to uplift the poor. This was a record jump from the Rs87,416 crore transferred to the government in 2023-24 for the profit made in 2022-23. Similarly, the government is expected to get another booster shot through the RBI dividend in the current financial year as well. 'Among the RBI's earnings, forex transactions are expected to be most significant in light of the in light of the central bank's measures to lower rupee volatility by strong dollar purchases earlier in fiscal 2025 and difference in the current versus historical exchange rate. Add to this the interest income on government securities and earnings from funds extended to banks in midst of previous tight liquidity. 'This transfer could amount to a record high at around Rs2.5-2.7 lakh crore this year,' said Radhika Rao, senior economist at DBS Bank. Earnings on forex transactions are expected to be substantial with gross dollar sales tracking at $371.6 billion in fiscal 2025 till February compared to $153 billion in fiscal 2024, according to Gaura Sengupta, chief economist at IDFC First bank. She estimates the RBI dividend to be between Rs2.6 lakh crore to Rs3 lakh crore, according to an NDTV Profit report. The higher dividend creates fiscal space of 0.1 per cent to 0.2 per cent of GDP, estimates Sengupta. With support from the higher-than-budgeted RBI surplus and savings on a few expenditure heads, the central government is in a fairly strong position to counter the growth slowdown risks and any potential emergency spending requirements.
Time of India
28-04-2025
- Business
- Time of India
Nalganga-Wainganga river linking project takes off with aerial survey
1 2 Nagpur: The first phase of the aerial survey to map the course for the ambitious Nalganga-Wainganga river linking project is expected to be completed by early May. The second phase of the aerial survey may take over a month, as per Ceinsy Tech , the company entrusted with the mapping contract and drafting the detailed project report (DPR). A DPR of the Rs87,000 crore project, mooted by chief minister Devendra Fadnavis, will be drafted after the completion of the aerial survey. Getting the correct picture from the skies amid the blinding glare of the sun in the Vidarbha summer is among the challenges that need to be overcome, say sources involved in the project. The project envisages linking the Wainganga river in Bhandara district in the east of Maharashtra with Nalganga in Buldhana 427km away in the western part of the state. Bringing Wainganga waters to Buldhana is expected to alleviate the water woes of the parched west Vidarbha region. The project aims to irrigate around 3.75 lakh hectares of farmland. However, the route to change the river course has to be decided first. Flying over the rivers will help design the blueprint faster. It would locate the spots where canals, barrages and lift irrigation schemes can be built. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] - 2025 Top Trending Search - Local network access Esseps Learn More Undo Ceinsy Tech's managing director Kushal Kona said the team has set a target of finishing the entire work, which includes capturing the images and processing them, by May end. Preparing the DPR will be the next step, he said. The entire terrain, the rock strata, and impediments on the way are being photographed. The cameras do not give a very clear picture during excessive heat, especially over 43 degrees. Too much heat leads to overexposure to light, affecting the picture's clarity, said a company source. The data is later processed into a format compatible with preparing maps. An aerial survey of such a scale is being undertaken for the first time in the state, sources said. Two Cessna Grand Caravan planes carrying three crew members take off from Nagpur airport at 6.30am each day. Flying over Nagpur, Wardha, Bhandara, and other parts of Vidarbha. The aircraft capture photographs of every terrain detail and geographical feature along the way. They land before 10:30am as the Vidarbha summer gets harsher. The planes take off with a target of covering 100 sq km a day. The project involves covering a total area of over 6,000 sq km, said sources in the company. So far close to 1,700 sq km of polygon area has been covered. The aerial survey began in March, and last week another aircraft was deployed. The company has asked for a second take-off slot after 3.30pm when the sun gets milder. However, the runway at Nagpur airport is not available at that time so single sorties of the two aircraft are being taken, said a company source. The matter has been taken up with the airport operators. The work may be completed faster if the planes can fly twice a day, said a source.
