Gold

India Event Diary – 2nd September 2012, Sunday

Gold at an all time high

At an all time high, the Gold prices have skyrocketed to Rs.31,725 per 10 gram on Saturday. The major reason being frantic buying by stockists, mainly becasuse of buoyancy in the global markets.

Development of Lawson’s Bay Beach planned

GVMC(Greater Vishakhapatnam Municipal Corporation) Commissioner M.V.Satyanarayana has informed that a new beach will be developed in the Lawson Bay in Vishakhapatnam, with an estimated cost of Rs. 7 crore. This beach will benefit the tourists and provide an alternative beachfront, as the Ramakrishna Beach is normally crowded.

More funds from World Bank

For the development of road network in Kerala, the World Bank has expressed its readiness to provide more funds. These funds will be in addition to the second phase of the Kerala State Transport Project (KSTP). This second phase will upgrade 367 km of the State Highways into world-class standards.

The World Bank has also asked the State to improve asset management in the Public Works Department, expand activities of the Kerala Road Safety Authority, to take steps to solve the transport problems, to go for more public-private partnerships (PPP) for road development and improve the parking facilities.

Stricter norms for mobile towers

In a bid to reduce radiation emission by 90 percent, to one-tenth of the present levels, stricter norms of radiation emission have been enforced for mobile towers with effect from Saturday. And failing to adhere to these norms, will acrue a penalty of Rs.5 lakh per tower.

Constructions halted in Gurgaon

Until and unless the builders make arrangements to use recycled water from the Sewage Treatment Plants (STP) of Dhanwapur or Behrampur, no construction can be carried out anywhere in the area. The notice has been sent to around 81 builders by the district administration, asking them to provide a confirmation that they are no more extracting ground water, and would use recycled water only.

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