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Delhi air quality dips to severe, AQI stands at 426

As per the reports, several residents have reported breathing difficulties.

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Delhi air quality dips to severe, AQI stands at 426

Residents of Delhi-NCR woke up to a thick layer of smog on Thursday. A day after a slight improvement in the air quality, the AQI level in the national capital has again dipped to severe.

Due to farm fire incidents in the neighbouring states, vehicular emissions, and unfavourable meteorological conditions with slower wind speeds, the air quality index in Delhi stands at 426. According to the System of Air Quality & Weather Forecasting & Research (SAFAR), an AQI level above 400 affects healthy people, with serious impacts on those with existing diseases.

Read Also: Gujarat Assembly Election Schedule: Voting in two phases, result to be out on December 8

As per the reports, several residents have reported breathing difficulties. Elderly people and schoolchildren are the worst hit due to the dipping air quality.

Expressing concern over the rising pollution and the deteriorating air quality in the capital, The National Commission for Protection of Child Rights (NCPCR) Chairperson Priyank Kanoongo urged the Delhi government to consider shutting schools in the interest of the children.

He wrote, The safety of schoolchildren is a matter of concern due to the dangerous level of pollution in Delhi, but so far no decision has been taken by the state government of Delhi. Children are in the wrath of toxic air on their way to school, in playgrounds. This negligence is wrong, @NCPCR_ is issuing a notice on it.

Considering the air quality in the capital, The Shri Ram School, has suspended physical classes at its branches in Delhi and Haryana and will be conducting online classes. As per the school’s official notification, classes will resume on campus from Monday and N 95 masks will be mandatory for both students and staff.

The AQI between 401 and 500 is categorized as severe, the worst band on the index. An AQI between zero and 50 is considered good, 51 and 100 satisfactory, 101 and 200 moderate, 201 and 300 poor, 301 and 400 very poor.

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Latest Politics News

Meghalaya Assembly Election 2023: BJP announces list of 60 candidates, check the full list here

Nagaland and Meghalaya will turn to polls on Feb 27 and results will be announced on March 2

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Meghalaya Assembly Election 2023: BJP announces list of 60 candidates, check the full list here

The Bharatiya Janata Party has announced a list of 60 candidates for the ensuing Meghalaya Assembly Elections on Thursday.

Prior to announcing the list, the party’s election committee held a meeting at party’s national headquarters in New Delhi on Wednesday to finalise the same. Prime Minister Narendra Modi, BJP National President JP Nadda and state BJP leaders AL Hek and Ernest Mawrie were among other party top guns who attended the meeting.

Check out the full list here:

Former Cabinet Minister and NPP leader Martin M Danggi was given the seat from Ranikor.

It is worth mentioning that earlier in the day, Danggo had officially joined the BJP in the Meghalaya’s state capital

The former Speaker claimed that he joined the BJP on the advice of his leaders and followers.

Danggo said that he didn’t make the choice but all of his leaders gathered and resolved that he should resign from the NPP and join the BJP. In his address to the party workers, he asked them to help in comprehending the BJP’s manifesto and constitution.

Notably, in Meghalaya, the BJP is fighting all seats along and in Nagaland it will fight the elections with cooperation of alliance party National Democratic Progressive Party (NDPP), where it will contest on 20 seats out of 60 seats.

On February 27, the voting for Assembly elections in Nagaland and Meghalaya will be held in a single phase manner. The results of the same will be announced on March 2.

The Election Commission of India said that the terms of Nagaland and Meghalaya were coming to an end on March 12 and 15 respectively.

The BJP held a CEC meeting in the national capital to decide the names of the candidates for the ensuing Tripura Assembly elections, earlier on January 27.

Following the meeting, the BJP announced its first list of 48 candidates for the Tripura Assembly elections, while it fielded Union Minister Pratima Bhoumik from Dhanpur.

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Parliament adjourned till 2 pm after opposition demands debate on the Hindenburg report

Following Budget 20230-24, both houses were to start a separate discussion on the tabled Union Budget 2023 by Finance Minister Nirmala Sitharaman on Wednesday.

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Parliament

Parliament on Friday has been adjourned until 2 pm after the Opposition leaders demanded a debate on the Hindenburg report of the Gautam Adani-led group.

Reports said the session in Rajya Sabha was adjourned after Chairperson Jagdeep Dhankar refused to discuss issues raised by the Opposition including SBI, LIC, and other subjects. The Opposition rushed to the Well and raised slogans as soon as Speaker Om Birla welcomed a Parliamentary delegation from Zambia and began Question Hour, reports further said.

Following Budget 20230-24, both houses were to start a separate discussion on the tabled Union Budget 2023 by Finance Minister Nirmala Sitharaman on Wednesday.

Opposition parties have sought to raise the ongoing Adani fraud issue, Chinese transgressions at the border, and the role of Governors in States. Reports said Communist Party of India MP Binoy Viswam gave a suspension of business notice to Rajya Sabha Chairman Jagdeep Dhankar and demanded a discussion on the Adani stock crash and termed the matter as urgent.

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Meanwhile, Indian Billionaire Gautam Adani on Wednesday dropped to 15th position on the Forbes richest man list. Reports said the rout has wiped out around $92 billion of the value of the conglomerate’s listed units since last week.

After the Hindenburg report, Adani Enterprises and cancelled its Follow-On Public Offering (FPO). Reports said the company will return money to its investors.

On the other hand, Finance Minister Nirmala Sitharaman presented the Budget 2023 on Wednesday. It was followed by the Union Cabinet Meeting.

The Budget Session started with the parliamentary address by Prime Minister Narendra Modi and President Droupadi Murmu on Tuesday. PM Modi, in his address, said the Budget 2023 aimed the hopes and aspirations of the common citizens.

In its major announcement, Nirmala Saitharaman on Wednesday shared a new tax regime according to which people earning up to Rs 7 lakh per annum need not to pay any tax anymore.

Meghalaya Assembly Election 2023: BJP announces list of 60 candidates, check the full list here

Case filed in Bombay HC against Kiren Rijiju, Vice President for remarks against judiciary

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Latest business news

Hindenburg fallout: Adani Enterprises cancels FPO, returns money to investors

Adani Enterprises continues to sink further in troubled waters due to the fallout of the damning Hindenburg report as the conglomerate cancelled its Follow-On Public Offering (FPO) on Wednesday and will return money to its investors.

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Adani Group

Adani Enterprises continues to sink further in troubled waters due to the fallout of the damning Hindenburg report as the conglomerate cancelled its Follow-On Public Offering (FPO) on Wednesday and will return money to its investors.

In an exchange filing, the business group said that the decision was taken at a meeting of its Board of Directors, who, in the interest of its subscribers, decided not to proceed with the FPO of equity shares aggregating up to Rs 20,000 crore of face value Rs 1 each on partly paid-up basis, which was fully subscribed.

Embattled chairman, Gautam Adani, issued a statement, saying the decision was taken amid the fluctuations the company’s stocks witnessed during the day’s trading. Adani said it wouldn’t have been morally correct to go ahead with the FPO due to the unprecedented fluctuations in the group’s stock prices on Wednesday.

Adani pointed out that the group feels that the interest of the investors is paramount and “hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.”

Adani Enterprises is working with its Book Running Lead Managers (BRLMs) to refund the proceeds received by it in escrow and to also release the amounts blocked into investors’ bank accounts for subscription to this issue.

Shares in Adani Enterprises, often described as the incubator of Adani businesses, plunged 30 per cent on Wednesday. Adani Power fell 5 per cent, while Adani Total Gas slumped 10 per cent, down by its daily price limit, Reuters reported.

Adani Transmission was down 6 per cent and Adani Ports and Special Economic Zone dropped 20 per cent. Adani Total Gas, a joint venture with France’s Total, has been the biggest casualty of the report, losing about $27 billion.

Underscoring the nervousness in some quarters, Bloomberg reported on Wednesday that Credit Suisse had stopped accepting bonds of Adani group companies as collateral for margin loans to its private banking clients.

India’s markets regulator, which has been looking into deals by the conglomerate, has said it will add Hindenburg’s report to its own preliminary investigation.

State-run Life Insurance Corporation (LIC) said on Monday it would seek clarifications from Adani’s management on the short seller report. The insurance giant was, however, a key investor in the Adani Enterprises share sale.

Hindenburg Research published a report last week, accusing the Adani Group of indulging in improper use of offshore tax havens and stock manipulation while also raising concerns about high debt and the valuations of seven listed Adani companies.

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The group has denied the allegations, saying the short-seller’s narrative of stock manipulation has “no basis” and stems from an ignorance of Indian law, adding that it has always made the necessary regulatory disclosures.

Hindenburg Research on Monday hit back at the Adani Group, day after the business house dubbed the New York-based firm’s report as “calculated attack on India.”

In a response titled “Fraud cannot be obfuscated by nationalism or a bloated response that ignores every key allegation we raised,” Hindenburg Research accused the Adani Group of holding back India’s progress by draping itself in the Indian flag while systematically looting the nation.

Hindenburg said it believes that India is a vibrant democracy and an emerging superpower with an exciting future. However, the research group alleged that the country’s future was being held back by the Adani Group, “which has draped itself in the Indian flag while systematically looting the nation.”

Hindenburg stressed that it’s a firm believer in the fact that fraud is fraud even when perpetuated by one of the wealthiest individuals globally.

The Group’s chairman, Gautam Adani on Wednesday dropped to 15th on the Forbes rich list with an estimated net worth of $76.8 billion as the shares of his conglomerate plunged once again in the aftermath of the Hindenburg group report.

Before the scathing report by the US short-seller, Adani was ranked third on the list and also ranked Asia’s richest person, a title which he also lost after his personal fortune reportedly fell by over $40 billion.

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Railways cancel over 335 trains, partially cancels 55, check full list here

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