PM to visit Madhya Pradesh, launch Rashtriya Gramin Swaraj Abhiyan, on Panchayati Raj Day tomorroW
The Prime Minister Shri Narendra Modi will visit Mandla in Madhya Pradesh tomorrow, 24th April on the National Panchayati Raj Day. He will launch the Rashtriya Gramin Swaraj Abhiyan, at a public meeting, and address Panchayati Raj representatives across the country, from Mandla.
The Prime Minister will unveil a Road Map for overall development of tribals during the next five years, on this occasion. He will unveil a plaque to mark the laying of foundation stone of an LPG bottling plant of Indian Oil Corporation at Maneri, Mandla District. He will also launch a Local Government Directory.
…………………………
Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu, will chair the first meeting of the think tank on the Framework for National Policy on E-commerce to be held on April 24th, 2018. Senior officers of the ministries/ departments of the Government of India involved in different aspects of e-commerce; high level representatives from the industry bodies, e-commerce companies, telecommunication companies and IT companies; Reserve Bank of India; and independent experts have been invited to participate in the meeting.
The think tank on the Framework for National Policy on E-commerce has been established recently by the Department of Commerce. It will provide a credible forum for an inclusive and fact-based dialogue leading to recommendations for informed policy making, so that the country is adequately prepared to take advantage of the opportunities, and meet the challenges, that would arise from the next wave of advancements in digital economy.
…………………..
Diu Smart City becomes first to run on 100% Renewable Energy during Daytime
Prototype being tested in Bengaluru Smart City to develop Intelligent Traffic Management Solution
Night bazaar envisaged as part of Jaipur Smart City
Diu Smart City has become the first city in India, that runs on 100% renewable energy during daytime setting a new benchmark for other cities to become clean and green. Diu had been importing 73% of its power from Gujarat until last year. It has now adopted a two-pronged approach whereby a 9 MW solar park spread over 50 hectares rocky barren land has been developed besides installing solar panels on the roof tops on 79 government buildings thereby generating 1.3 MW annually. To further enhance its solar capacity, Diu offers its residents a subsidy of Rs 10, 000-50,000 for installing 1-5KW roof top solar panels. Diu is saving about 13,000 tonnes of carbon emissions every year. Due to low-cost solar energy, power tariffs have been cut in residential category by 10% last year and 15% this year.
To improve traffic management in Bengaluru Smart City, a prototype of an intelligent traffic management solution is currently being tested in collaboration with the Electronics City Township Authority (ELCITA). It will provide traffic information that is currently unavailable, and help improve management of commuter traffic. It involves capturing video streams from several cameras and processing them using artificial intelligence so that typical traffic management tasks such as vehicle detection, traffic density estimation and control of traffic lights can be automated for real-time performance.
To revitalise urban public spaces and socially activating the area besides generating economic activity, Jaipur Smart City Ltd (JSCL) has planned to develop night bazaar at Chaura Rasta, in the heart of Pink city. The JSCL would register up to 700 vendors who will be allowed to set up stalls, including eateries, between 9pm and 1am. The project will provide entertainment, culture and shopping to citizens after office hours.
……………..
TCS crosses $100 billion market capitalization
TCS holds the first position among the most valuable international pure play technology services firms. INTL Business Machines Corp. (IBM) has market cap of $133.48 billion, but it has both hardware and technology services operations.
With this, TCS joined the ranks of the world’s 100 most valued organizations and now ranks 97th. According to Bloomberg data, currently there are 96 companies which have market cap of over $100 billion. The last Indian name to cross that threshold—in 2007—was Reliance Industries Ltd, a Bloombergreport said.
Currently, RIL’s market cap is at $89.36 billion.
The recent surge in TCS shares was triggered by better than expected earnings reported on Thursday after 13 quarters of under-performance. TCS announced a bonus of 1:1 and recommended a final dividend of Rs29 a share also improved sentiment.
TCS shares rose 2.65% on Monday to Rs3,496.
TCS dollar revenue increased 3.9% (2% in constant currency terms) to $4.97 billion in the quarter. Net profit improved 5.7% to $1.07 billion in the March quarter from $1.01 billion in the preceding three months while operating margin improved 20 basis points to 25.4% from 25.2% in the October-December period.
“TCS continues to execute solidly for a company of its size. Its recent deal wins have also been strong, and it appears to be transitioning to digital services well. However, even with growth acceleration in FY19, we expect earnings CAGR of around 10-11%,” said Credit Suisse in a 19 April note.
The brokerage firm has increased its target price to Rs2,950 from Rs2,550 earlier. It expects revenue growth to accelerate from 6.7% in fiscal 2018 to 9.9% in FY19.