logo
Noida ADM reviews plantation drive preparations

Noida ADM reviews plantation drive preparations

Time of India13-06-2025

Noida: ADM (finance and revenue) Atul Kumar held a review meeting at the Collectorate Friday to ensure the success of the upcoming tree plantation campaign. Kumar instructed officials of all departments concerned to provide the forest department with action plans, site identifications, and pit-digging information in a prescribed format for meeting plantation targets.
All SDMs were instructed to virtually select sites along the Hindon and near ponds for the plantation campaign and to send progress reports to the forest department. He also instructed the Authority officials to take effective measures to control air pollution and strictly follow the guidelines of the NGT and Pollution Control Board.
Follow more information on
Air India plane crash in Ahmedabad here
. Get
real-time live updates
on rescue operations and check
full list of passengers onboard AI 171
.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Spirits in a box: Why new liquor shops in Noida are in a container
Spirits in a box: Why new liquor shops in Noida are in a container

Time of India

time10 hours ago

  • Time of India

Spirits in a box: Why new liquor shops in Noida are in a container

Noida: Delta 1 got the city's first liquor shop operating out of a 40 by 12 feet prefabricated container in April after UP amended its excise policy earlier this year, taking a leaf out of Haryana and Punjab, to make business operations easier and plug revenue leaks. Under the new policy, introduced on Feb 13, licensees are allowed to set up prefabricated containers for shops on private or govt land, provided they met the guidelines under UP Excise Shops Number and Location (Amended) Rules, 1968. Clause 5.16 (17) of the new policy specifically permits such setups in urban and industrial authority zones, including Noida, Greater Noida, YEIDA and Mandi Samiti, against a rent fixed by local officials. District excise officer Subodh Kumar said the move aims to curb illegal, makeshift operations and bring them under a regulated, tax-paying framework. "Haryana has already implemented this model. We saw vendors in UP starting to do the same informally, which led to revenue loss. Legalising it helps the govt ensure proper tax collection," he said. In Gautam Budh Nagar alone, 16 out of the 501 new liquor licences issued this year opted for container setups — 12 in Noida and four in Greater Noida. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트, 지금 시작하세요 [자세히 보기] 임플란트 더 알아보기 Undo However, turning policy into practice has proven complicated. Zoning restrictions, reluctance from landlords, and rising rental prices have left many licensees struggling to find appropriate commercial space. "There's a shortage of commercial units in Noida, and landlords are often unwilling to rent to liquor vendors. Some demand exorbitant prices, others outright refuse," Kumar added. To ease implementation, the district magistrate wrote to Noida and Greater Noida authorities in May, urging them to identify suitable plots for prefabricated liquor outlets. But no formal response has been received, according to officials, although informal discussions are ongoing. A first-time licensee, who previously ran a shop in Lucknow's Hazratganj, said he was forced to rent land from a farmhouse owner at Rs 75,000 per month. "Every commercial unit I checked was within 50 metres of a residential building, which is against the rules. I applied to the Authority for permission to install a container, offering to pay rent. But when no reply came, I had no choice but to use a private plot," he said. Similar stories are emerging from Greater Noida. In Delta 1, another vendor found refuge on a commercial plot owned by a private builder near the metro station. "In April, when I was supposed to start operations, I couldn't find a space. Eventually, I set up the container on private land after reaching an agreement with the builder," he said. Despite the early hurdles, the move has long-term potential. Greater Noida Authority's additional CEO Prerna Singh said the matter will be taken up at the next board meeting. "We are looking at the policy's revenue potential. Prefabricated shops can be a regulated source of income for the Authority. We will explore incorporating these provisions into our bylaws." Excise officials stress that licensees are not just traders but partners in ensuring state revenue. "For every Rs 1 lakh in liquor sales, Rs 70,000 goes to the govt," said a vendor. "We want to comply — but the system has to work with us." While the policy offers greater flexibility to vendors and promises more revenue for the state, it has not been without friction on the ground. Earlier this week, Noida Authority dismantled a container-based liquor shop in Sector 129 following complaints from residents.

HC directs ADM to dispose of 2016 case against company within 1 month
HC directs ADM to dispose of 2016 case against company within 1 month

Time of India

time13 hours ago

  • Time of India

HC directs ADM to dispose of 2016 case against company within 1 month

Cuttack: Orissa high court has pulled up the additional district magistrate-cum-adjudicating authority, Cuttack, for inordinate delay of over nine years in adjudicating a case against a company over alleged food safety violations. Justice S K Panigrahi, hearing the company's petition, termed the prolonged pendency of the 2016 case as an "abuse of process" and ordered its final disposal within one month. The court also imposed a fine of Rs 25,000 on the ADM for the delay, directing payment to the company within four weeks. The proceedings stemmed from a 2015 report by the food safety officer, following seizure of samples from the company's depot in Cuttack. The report raised concerns over the presence of monosodium glutamate (MSG), prompting initiation of adjudication proceedings. However, the petitioner argued that the continued proceedings were arbitrary and violated the Food Safety and Standards Authority of India ( FSSAI ) order dated March 31, 2016. FSSAI had clarified that glutamate occurs naturally in several food items, and current analytical methods cannot conclusively distinguish between naturally occurring and added MSG. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Move-In Ready Homes Available – Act Fast! Home Deals Near You Undo Enforcement, it added, should only proceed when a product explicitly claims 'no MSG' or 'no added MSG' and MSG is later detected. Despite the company filing representations in 2016 and again in 2018 seeking dismissal of the case, the ADM failed to pass any order. Justice Panigrahi, expressing concern, said, "This court is at a loss to understand how such an extraordinary delay has occurred, and more alarmingly, how it continued unchecked." He noted that the delay reflects "a disturbing disregard for procedural discipline" and that prescribed legal timelines are not mere formalities but essential for justice. The court further stated that such delays erode the credibility of regulatory frameworks and highlighted the importance of adhering to statutory timelines under the Food Safety and Standards Act, 2006. Justice S K Panigrahi directed the ADM to finally hear and dispose of the matter within one month stating, "Legal proceedings cannot be allowed to linger in perpetuity."

Plans to make mutual fund rules more investor and industry friendly: SEBI official
Plans to make mutual fund rules more investor and industry friendly: SEBI official

The Hindu

time15 hours ago

  • The Hindu

Plans to make mutual fund rules more investor and industry friendly: SEBI official

The Securities and Exchange Board of India (SEBI) is undertaking a comprehensive review of mutual fund regulations to make them more investor-centric and industry-friendly, a senior official said on Saturday (June 21, 2025). "We are reviewing the entire mutual fund regulatory framework to enhance ease of doing business for all stakeholders, including the regulator," SEBI executive director Manoj Kumar said at the 17th Mutual Fund Summit organised by the Indian Chamber of Commerce (ICC) here. Existing regulations governing the sector are among the lengthiest and require simplification to keep pace with evolving investor needs and industry innovations, stakeholders said. "The process has started and soon we will come out with draft regulations for feedback and consultation process before it is finalised," Kumar said without giving any timeline for the rollout of the new rules. Kumar outlined the regulator's strategic roadmap to strengthen India's securities market, with mutual funds positioned as a critical pillar in fostering inclusive financial growth and investor protection. A consultation paper on regulations which governs advisory functions in mutual funds is also in the pipeline. Addressing the event, Kumar said India has undergone major market transformations under SEBI's stewardship. These include the shift to an electronic trading ecosystem in 1998, followed by achieving 100 per cent dematerialisation of shares, making India the only jurisdiction globally to do so. "The third transformation is unfolding now through the mutual fund revolution," he said, calling it a cornerstone of SEBI's "optimum regulation" approach, one that seeks balance among the interests of the regulator, the industry, and investors. While India's mutual fund industry has crossed Rs 72 lakh-crore in AUM and monthly SIP contributions have touched Rs 28,000 crore, the investor base remains limited to just five crore in a population of 140 crore, Kumar pointed out. SEBI is also actively reviewing scheme categorisation norms to make them more intuitive for investors, while ensuring all offerings remain "true to label" to prevent mis-selling. To offer wider choice to investors, SEBI has approved a new product category, referred to as SIF, aimed at investors with ticket sizes between Rs 10 lakh and Rs 50 lakh. Mutual funds were selected to manage these products given their established governance and handling of retail flows. Parallelly, SEBI has opened faster registration windows for Portfolio Management Services (PMS) and Alternative Investment Funds (AIF) with similar offerings. Addressing industry concerns over stress test disclosures for mid- and small-cap funds, Kumar reaffirmed SEBI's disclosure-based regulatory model, stressing that informed investors are central to market resilience. While he acknowledged that some disclosure requirements may seem burdensome, he assured stakeholders that SEBI remains open to feedback and streamlining processes. He urged the industry to avoid situations that warrant regulatory intervention, saying, "Our goal is not to disrupt but to allow business to thrive." Highlighting the untapped potential in eastern India, Kumar said SEBI views West Bengal and the Northeast as strategic regions for mutual fund expansion, underscoring the need for targeted penetration efforts. Echoing this vision, AMFI chief executive V N Chalasani said India is transitioning from financial inclusion to financial well-being, where saving smartly and investing wisely will enable sustainable wealth creation. He cited the exponential growth of mutual funds post-2017, following SEBI's investor education mandate, which helped expand the investor base and improve financial awareness. However, Chalasani pointed out that India's mutual fund AUM still forms only about 20 per cent of GDP, compared to a global average of 65 per cent. He stressed the need for deeper financial literacy, especially in Tier 3 and 4 cities, where AMFI is focusing through school and university programmes, distributor expansion via India Post, and new product innovations aimed at mid-income investors. "Every Indian can evolve from a saver to an investor and ultimately a wealth creator," he said, calling for sustained collaboration between regulators, industry, educators and investors to build an empowered, financially resilient India.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store